Lenders can foreclose Florida Keys homes for other reasons, but the most common reason lenders file a notice of default is when a borrower is at least two payments behind.
If the Fl Keys home owner does not bring the loan current, the lender will take the property away from the owner. In the final step of the foreclosure process, the lender tries to auction the property at a public sale.
Not all Florida Keys foreclosures that fall into foreclosure go to public sale because owners have the right to make up back payments up to a point, the time which varies from state to state. Also the property can be bought in pre-foreclosure during the short sale process.
Real estate investors and home buyers see profit in buying foreclosures because they can often buy the property for the amount owed, picking up the home owner's equity for free.
Unlike a foreclosure, investors typically buy the home for even less because investors are not paying off the existing loan nor making up the back payments. Investors are striking a deal with the existing lender to take less than what the lender has coming to avoid dealing with a foreclosure.
It's a myth that lenders are not going to make a deal with an investor unless the seller has fallen behind on the seller's obligation to make timely mortgage payments. Sellers don't need to be in default for a short sale to occur. For a buyer who wants to occupy the home, buying a Florida Keys short sale makes financial sense.
Buying a Florida Keys REO is similar to buying a Florida Keys short sale except the property is already owned by the lender. The property was acquired by the lender through a foreclosure action. Often lenders will sell repossessed homes for less than the past loan balance. Bank-owned properties are called REOs, meaning real estate owned by the lender. Banks end up owning the property when nobody at the public auction bid enough to cover the amount owed against the property. Florida Keys REO homes are often considered the best way to buy a distressed property because the seller is already out of the picture. It's just the Florida Keys investor, the investor's agent, the bank and the real estate agent who are negotiating the transaction. Some Florida Keys Bank Owned REOs can be purchased directly from the lender although it is highly recommended to buy any real estate property through a Florida Keys real estate agent to protect the buyers interest and negotiate the best possible price.
HUGE OCEANFRONT PARCEL JUST UNDER 3 ACRES IN ISLAMORADA, large deep water basin! 600 of waterfrnot! You will enjoy this gated compound with a ground level home with many extras including fireplace and home theater screen. Large deck to enjoy the unobstructed oceanviews. This is a rare and unique property! Florida Keys Real Estate and Homes For Sale.
Spectacular private 4.33 acre estate on Upper Matecumbe Key. The setting offers spectacular sunrises, and ocean vistas that feature sunset colors reflecting off Alligator Lighthouse. The views bring mother nature to your door step. Launch your kayak and search for tailing bonefish, watch birds fly by or just sit back and relax. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Ted Williams Estate. This iconic estate has a place in Islamoradas history and is where old Florida charm meets contemporary living. This estate has it all, a fascinating history, privacy, panoramic bay views, protected dockage, tropical landscaping and the perfect location on Upper Matecumbe Key. This 5 bedroom/4bath home includes many spectacular features including an infinity edge pool with spa , 3,200 sq. ft. of living space, balconies and terraces. Ted Williams, the baseball legend and pioneer Keys fishing personality, lived in this house until the early 90s. Today after many upgrades, this home still occupies a unique position as one of the most famous homes in the Upper Keys. This is a true landmark and a fabulous place to enjoy. Florida Keys Real Estate and Homes For Sale.
This parcel to be sold together only with contiguous parcel@ 95325 Overseas Hwy, AK#1592986,RE#00483360 000000 13 62 38 PT TR 5&6 SOUTHCLIFF ESTS PB2-45 & PT GOV LOT 1 & ADJ BAY,3.24 acres for grand total of 9.36 acres. Includes 1137 sf 1970 2/1 cbs home metal roof. Broker part owner/family owned. This unique wooded acreage has a deep basin with dolphin piling and channel directly on the ocean. Residential use (non-conforming) now, but commercial zoning.Best approval rating via Monroe County is MIXED-USE COMMERCIAL development. *Includes data for both parcels and for taxes. This is a duplicate listing also found in MLS as Commercial #579482, as both uses permitted. Florida Keys Real Estate and Homes For Sale.
This gorgeous, all concrete pool home has been completely renovated from top to bottom with an open checkbook, no expense spared! Originally built 1966, This home has been completely renovated in 2018 down to the concrete walls and ceilings. New plumbing, new electric, new flooring, new kitchen, new appliances, new bathrooms, new interior doors, trim, new hardware, new Andersen impact windows and doors,new air conditioning and ducts, new dry wall,brand new pool with travertine deck. Situated on a wide canal basin and only 6 lots to Florida Bay. 3 Bedrooms, 2 Baths, Living Room with fireplace up and 1 BR, 1 BA down with separate entries. New sea wall cap, private boat slip, finished with Ipe Wood. Chicago Brick driveway complemented by professional landscaping and new sprinkler system. Florida Keys Real Estate and Homes For Sale.
Picroc Ali, also known as The Historic Russell Estate, boasts 7.69 luscious acres of some of the most beautiful land the Florida Keys has to offer. Situated on the Florida Bay, this lovely estate offers 600 of private canal frontage with protected dockage, an elegant pool & spa and private gated entry with long winding driveway. One can enjoy gorgeous sunsets year-round at this supreme location. With over 4,500 square feet of living, this 5B/5.5B home is constructed of CBS block with a concrete roof. The layout of this well-thought-out residence affords full privacy in the master suite and all of the guest suites. The elevator and 4 enclosed garage bays are centrally and conveniently located. Florida Keys Real Estate and Homes For Sale.
Endless Summers--is set amongst lush native foliage, surrounded by over 10 acres, offering unparalleled privacy, with a sandy beach, and stunning ocean views. This large must-see custom built concrete home is situated on a private gated peninsula. After meandering down the winding driveway, one is impressed by this uniquely designed home suited for a large family and designed with guests and ease of entertaining in mind. This house offers the unique natural setting that celebrates the nature and wildlife of the Keys. Enjoy the quiet solitude while practicing yoga on the beach or soaking up the energy from sunrises and sunsets from the roof top pool deck offering incredible privacy and views. This house would also be suitable for two families to share. Designed with the capability of being Florida Keys Real Estate and Homes For Sale.
Ideal home for Keys Living in desirable Venetian Shores! Afternoon shade cools the private, tropically landscaped pool area of this 4 bedroom canal home. On the main floor, an updated kitchen with walk-in pantry/laundry is open to large living and dining areas leading to a pair of guest bedrooms and two bathrooms. Huge screened patio overlooks the canal. Ground level holds a welcoming foyer and very large guest suite with that opens to the canal and the pool area. Top floor spacious master suite with peekaboo bay views and vaulted ceilings. The crystal clear canal spills directly out to Snake Creek providing quick easy access to ocean and bay - with no fixed bridge. Davits and a #16,000 lift make this a boaters dream. Storage galore inside and outside the house. Great rental history! Florida Keys Real Estate and Homes For Sale.
OSPREYS NEST IS CALLING! Beautiful Oceanfront residence with a natural sandy beach on sought-after Sunset Drive on Islamoradas Lower Matecumbe Key. Enjoy the sound of ocean waves lapping on your beach, onshore breezes & swaying palms. Remodeled 4B/3B home w/water views in every direction from every level. Gourmet kitchen w/center island, dining area, living room w/fireplace, Brazilian Jatoba wood interior staircase w/custom made stained glass window, 3rd level private master suite w/balcony. Let the outside in w/Anderson impact sliding glass doors, tiled balconies, Epay wood exterior railings w/glass inserts & Keystone accent walls. Numerous outdoor sitting areas to relax & take in the crystal clear turquoise waters of the Atlantic Ocean plus canalfront lot for docking your boat. Florida Keys Real Estate and Homes For Sale.
Introducing Manatee Pass The ultimate in modern luxury designed and built by prominent locally acclaimed interior designer. Superbly finished with only the finest materials, every element enhances the next on this priceless masterpiece. Ideally situated along 110 of waterfront leading to one of Islamoradas favorite bays. The second and third floors combine for the main living area which leads to the all-encompassing rooftop deck. The first floor offers a separate living quarters for guests. Full outdoor kitchen alongside the state-of-the-art pool that features complete perimeter overflow and smart phone automation. The stage is set for a show-stopping Keys lifestyle. Photos do not do this home justice, and words fall short, so make it a priority to see it before its too late. Florida Keys Real Estate and Homes For Sale.
Incredible concrete home in one of the best neighborhoods in the Upper Keys, this canal front beauty has everything you are looking for and more. 2,465 sqft of living space means plenty of room for family and friends and an updated gourmet kitchen with gas burning stove means the fresh catch will always be prepared perfectly. Both upstairs bedrooms have in suite full baths with the master having a private balcony for you to look down on the 60ft concrete dock with 15k and 5k pound boat lifts and the custom concrete, saltwater filtration pool and spa. Outside the open concept kitchen and living area enjoy the views from screened porch. Downstairs a brand new custom bar awaits to have a cool drink while you wait for the custom wood burning pizza oven to finish your pie. Watch attached video Florida Keys Real Estate and Homes For Sale.
Exceptional Venetian Shores home w/100ft. dock and views of Snake Creek! Move right in to this 5 bedroom beauty with an ELEVATOR! Featuring a private master suite on the 3rd level, gourmet kitchen w/open living and dining areas and soaring Cypress ceilings. Full guest quarters downstairs w/huge garage & separate tackle room. 15,000lb. Boat lift and 5,000 lb.davits & 2 fishcleaning stations on the dock. Beautifully landscaped with fruit trees, exotic palms and orchids. This home has plenty of storage, Plantation Shutters throughout and a screened porch which encompasses the second and third levels. 3 separate air conditioners for climate controlled comfort as well as a central vacuum system. Florida Keys Real Estate and Homes For Sale.
Prestigious Venetian Shores, 3rd lot in from Snake Creek and 100 of dockage. This 5 BD/ 5.1 BA + office (6th BD) home offers over 4,000sf of living space - ALL PERMITTED AND ABOVE FLOOD! This home offers incredible space for family gatherings, neighborhood parties or corporate retreats? 2 separate living spaces with 3 BD + office / 3 BA upstairs and 2 BD / 2.1 BA downstairs. Outdoor living space offers a place you will never want to leave - full outdoor kitchen, with has a dishwasher; saltwater system pool - heated / chilled; fire pit, and tiki. 1,000 gallon propane tank for whole house generator, grill and fire pit. Temperature controlled garage or man cave! Low maintenance yard w/ separate water meter. Home has been well maintained and comes furnished. Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Waterfront, Dockage, Pool, Ocean View and Beach Access, this Beach House has it all! Updated Upper level has 2 bedrooms and 2 bathrooms, with lovely screened porch overlooking the ocean. Spacious legal 1 bedroom, one bath, downstairs guest quarters with living room & Spacious wet bar! Beautiful in ground pool with water display, bonus Cabana bath, 60 ft. of dock with easy ocean & bay access. Sunset Drive,is one of the most desirable streets in all of the Keys and offers neighborhood beach access ,adjoining lots on either side are dockage for homes across the street affording a lot of privacy.It is a lifestyle unto its own.. fish the back yard canal, watch the manatees come to the dock. Go boating, diving, fishing, snorkeling all in a 3 minutes boat ride down the canal, go left yo Florida Keys Real Estate and Homes For Sale.
Enjoy the ultimate in modern luxury at this architecturally striking brand new home in Port Antigua. This custom built home was designed with meticulous attention to every detail. Enter the home and look through the expansive sliding glass doors out to the salt system pool and 60 ft. concrete dock. Other custom features include a 3 stop elevator, Italian porcelain tile throughout, quartz countertops and gourmet kitchen with Thermador refrigerator, freezer and wine columns with auto door opening and a large center island with waterfall edge and storage on both sides. After a fun day on the water relax in the pool or spa or cook up the days catch in your well appointed kitchen. Youll sleep well in your 3rd floor master suite with a soaking tub and separate shower. The 3rd floor has Florida Keys Real Estate and Homes For Sale.
Ocean and sandy beach, at your doorstep, this 2 bedroom 2 bath beachfront treasure opens your eyes to the sunny side of life! The quiet one-street neighborhood on Lower Matecumbe Key is a favorite for turtle watchers, close to the heart of Islamorada, and all it has to offer. Florida Keys Real Estate and Homes For Sale.
Desirable Venetian Shores! Solid Concrete Home priced to sell! The upper level has 2 bedrooms and 2 baths, nice open floor plan, with high ceilings, and a great waterfront screened porch!Lower level has 2 separate one bedroom and one bath guest quarters, with nice waterfront screened porch! Workshop and laundry room are on the first level, plus 70 ft. of concrete dock with 7,000 lb lift & davits, immediate access to ocean and bay, there is plenty of room for a pool! Florida Keys Real Estate and Homes For Sale.
IMMACULATE WATERFRONT POOL home in a desirable subdivision situated on TWO lots offering oceanviews and direct ocean access! Turn-key home offers 2bd/1ba up and a legal 1bd/1ba down with workshop. Inviting deck off living area to enjoy the wonderful oceanviews and beautiful sunrises! Electric gated entrance, 90 of concrete dockage and boat lift. Waterfront pool to relax in or get a good workout with the swim jets that are offered. This property is what living in the FL Keys is all about! Florida Keys Real Estate and Homes For Sale.
Beautiful custom deep water canal residence offers modern amenities, spacious architectural design with soaring ceilings, top notch finishes, and immediate ocean access. No compromises on this one! Whole house generator, swim/spa pool, Boat elevator, camera/security/central vac systems, Marble floors, designer kitchen, secondary kitchen, brick paver driveway & pool patio decks, are just a few ofthe numerous features this home has to offer. Florida Keys Real Estate and Homes For Sale.
CANAL FRONT 4 bedroom/3.5 bath Custom Built Concrete Home with POOL on Plantation Key. A BRAND NEW HOME- Come aboard and pick all the final appliances and finishes to complete your dream home of 3500 square feet- (including 345 of finished garage). Keep your boat at the 70 concrete dock. Relax in Master Bedroom Suite upstairs. Enjoy the Great Rooms high ceiling Gourmet Kitchen with quartz counters and top of the line appliances - Two more bedrooms with connecting bath, another Guest bath and a Laundry Room. The ground floor has a Wet Bar in its Living Area and the entrance to the Guest bedroom Suite. Step out back to the Beautiful POOL and outdoor patio living space. Come and Finish the DREAM! This home will have everything you are looking for in Paradise! Florida Keys Real Estate and Homes For Sale.
Panoramic Sunsets every night of the year. Unobstructed bay views from every room, protected concrete dockage, sandy walk in beach and 179 ft of water frontage with water on 2 sides. Custom built concrete home 2 master suites, garage, HIP roof and soaring ceilings tastefully remodeled with travertine, Silestone, cedar lined closets. Flood insurance $850 per Year, Wind Insurance $2,200 per Year. Pictures do not do this home justice. Owner/agent. White Impact windows included. Furnished - just bring your toothbrush. Florida Keys Real Estate and Homes For Sale.