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.
Welcome to Seagate Pointe...a coveted open oceanfront estate surrounded by the sparkling blue Atlantic on three sides with protected dockage, oceanfront pool and 5,020 sq.ft. of beautifully updated living space. The 5 bed/5.5 bath home was completely remodeled by DAsign Source to embrace expansive ocean views on every floor and incorporate classic, artistic details throughout. Theres also an eat-in gourmet kitchen with Wolfe gas stove and a wet bar by the pool table. Outside enjoy new travertine tile on the front drive and concrete dock that flows around the home leading to the oceanfront pool and party deck, all surrounded by new tropical landscaping and new electronic entry gates for privacy and security. For boaters, Seagate Pointe offers protected dockage for two or more boats. Florida Keys Real Estate and Homes For Sale.
ANCHORS AWEIGH - 140 of deep-water, protected, concrete/paved dockage is enjoyed at this serenely secluded property with sunset views. It is rare to find 2 adjoining lots in Venetian Shores with beautiful bay views, and convenient, direct access to Snake Creek. Remodeled in 2005 & designed to take advantage of magnificent views from every level. Downstairs rec room also used as 5th bedroom. Florida Keys Real Estate and Homes For Sale.
SELLER IS MOTIVATED & LOOKING FOR OFFERS!PLENTY OF ROOM FOR YOUR YACHT WITH 140FT. OF CONCRETE DOCKAGE! This ultra modern home with exceptional architecture features a gorgeous open floor plan with expansive windows on all levels, beautiful chef kitchen with Bosh and Sub Zero stainless steel appliances. The first entry level includes a large open room/bedroom, full bath plus laundry room. The 2nd level features an open kitchen & great room with a powder room and a large waterfront master suite. The 3rd level has a bedroom/office & a full bathroom including an outdoor bar overlooking the pristine waterway. Located on 2 lots with 140ft. of dockage with 2 boat lifts, a cut in boat slip, and 2 car garage with a large tackle room. Florida Keys Real Estate and Homes For Sale.
Feel the Ocean breeze in this Oceanside concrete home with concrete roof in secluded neighborhood featuring superior dockage for yachts and sailboats with direct ocean access. Beautiful outdoor kitchen and bath, 2/1 up & separate 2/1 down includes furnishings. Ample storage areas, paved and well maintained. Just bring your toothbrush and your boats, this great location is just minutes to world class fishing and diving. On wide canal with boat lift. Florida Keys Real Estate and Homes For Sale.
The turquoise waters of the Atlantic Ocean are the backdrop to this spacious oceanfront retreat on over two acres. The moment you enter through the grand port cochere and double entry doors, youll be greeted by views of the ocean. In fact, the ocean provides a stunning backdrop for the living room, kitchen, home office, master bedroom, and breakfast nook. To feel the ocean breezes, look no further than the large covered porch. Two guest bedrooms and a spacious master suite provide ample accommodations. The ensuite master bath has a large jetted soaking tub and separate walk-in shower. Each guest rooms share a common bathroom, with large-walk-in shower. Youll also find a large laundry room, with a place for ironing and shelving for all of your storage needs. Florida Keys Real Estate and Homes For Sale.
Outstanding Oceanfront Estate Home perfectly situated 5 minutes from Ocean Reef Club and 30 minutes from Miami on a point lot with direct access to John Pennekamp Coral Reef State Park. This 5,100 square foot, 6 bedroom, 5.5 bath estate sits on .72 acres with 300 linear feet of water frontage. It features many luxury appointments and finishes including an ADA accessible elevator, Italian marble floors, sub-zero refrigerator, wine chiller, wet bar, granite countertops, stainless steel appliances, and hard wood cabinets. This is a solid CBS building built in 2014 with a 50-year metal roof and hurricane impact windows and doors throughout. Florida Keys Real Estate and Homes For Sale.
Upon walking through the artist-designed custom copper front door its obvious that the finishes and features of this property were done to a gold standard. The timeless and classic travertine marble floors throughout give the homes modern architecture a luxurious feel. The breathtaking views center on the coveted Florida Bay, and sweep 180 degrees to Key West. Setting a new benchmark for luxury in bayfront real estate, 31 North Bounty Lane showcases meticulous craftsmanship. The Neff-designed kitchen, while sophisticated and functional, is equipped with high-end Thermador appliances including an induction glass cooktop, double refrigerator, wine chiller, and double oven. Other features include a glass tile backsplash, exquisite green pebble granite, and a walk-in pantry. Florida Keys Real Estate and Homes For Sale.
Islamorada Venetian Shores 5BD/5BA with 100 dock and boat lift! This one has it all including a custom pool with spa and waterfall, elevator to all three floors and a totally private master suite on the 3rd floor with side den/office. On the ground floor is an elegant entry foyer and a spacious 1/1 guest apartment (above flood), plus a large garage and poolside cabana room. Enjoy Instant big boat access to both the ocean and bay from 100 wide, deep canal. Spacious home offers over 5,000 sf including porches, separate guest quarters and garage. There are booked rentals already in place and the house has a strong rental history to help offset costs. New flooring, camera system, brick driveway, impact glass, landscaping and more! Florida Keys Real Estate and Homes For Sale.
BOATERS DREAM in PREMIER VENETIAN SHORES! Spacious and well-maintained SOLID CONCRETE home offering 3bd/3ba, legal downstairs living quarters. Relax POOLSIDE in a beautiful custom concrete pool with spa! 70 of concrete DEEP-WATER DOCKAGE and 100 wide canal! Immediate ocean and bay access through Snake Creek! Florida Keys Real Estate and Homes For Sale.
Spectacular & Private Oceanfront Estate with Protected Deepwater Dockage! One of four homes in one of the most prestigious, private and secure gated communities in Islamorada. Total of 6,092 sf of enclosed space; 3,692 sf of air-conditioned living area on the second and third floors, plus a 400 sf screened porch adjacent to the great room/kitchen for outdoor dining. On the ground floor, a 1,000 sf air-conditioned pool/game/family room with hurricane glass sliders to the pool deck for entertaining and a 1,000 sf three car garage with a work shop area. Florida Keys Real Estate and Homes For Sale.
RARE FIND! ALL OFFERS WELCOME.GORGEOUS!FURNISHED WITH A LARGE OCEANFRONT BOAT SLIP!Rarely available slip NO. 25 is being sold with this property. Stunning property. This large, one story condo comes furnished with a coastal decor and is turn key. You will fall in love with this luxurious property overlooking the rare, private & secured, oceanfront marina. The open water view offers tranquil breezes and magical sunrises. Steps to your boat, the hot tub, and pool!one story condo with a large open concept design with 4 bedrooms & 3 baths! GREAT rental history for investors & a beautiful full time home or get a way for a family. Mandatory refundable at resale equity fee. See HOA fees to include insurance, water & 24/7 security and a capital contribution fee. Florida Keys Real Estate and Homes For Sale.
Seclusion, pool parties, seafaring adventures, all are included in this oceanfront home in the Florida Keys National Marine Sanctuary.This cul-de-sac home on a 14,220SF lot, includes 175F on the ocean, 100F on the canal, and a 26F cut-in boat slip with 5,000Lb. davits. The gated paved driveway links garage, gardens and pool, protected by a coral boulders seawall.The second floor ample living and dining rooms are connected with the kitchen, bedroom, bath, and covered terrace; all sharing open ocean views. Breathtaking views from the oversized master suite in the third floor, and the surrounding terrace bathed by Caribbean breezes overlooking the pool and spa.Just one hour away from Miami, yet a world apart, world-class fishing and diving, awaits you at this Florida Keys retreat Florida Keys Real Estate and Homes For Sale.
BALLAST TRAIL is a bespoke, contemporary masterpiece with vast and uninterrupted ocean views. This custom built home is a 5 bedroom, 6.5 bath remarkable example of minimalism with a floor plan that is laid out expertly. A warm, welcoming ambiance is evident throughout the home. This home has spacious living areas ideal for entertaining, is a state-of-the-art smart house and has an expansive solar panel system. Located on 4 wooded acres, this property is extremely private with a drive that extends more than 700 and enjoys 190 on the ocean. The guest house is a remodeled and historic 2B/2B, 1936 Red Cross house. Outdoor amenities include an infinity edge pool that extends along the rear of the main house, extensive entertaining decks, an outdoor Summer kitchen and deep-water dockage. Florida Keys Real Estate and Homes For Sale.
This is an incredible real estate land opportunity on the ocean side of Plantation Key known as Plantation Point South. This 9-acre, estate property boasts of approximately 750 feet of shoreline bordering a secluded, conservation parkland with a sandy beach. Build your new, custom home high atop terraced land, positioned to take full advantage of the propertys spectacular ocean views. The elevation of this building site allows for ground level construction making it the perfect setting for a family compound to pass down to future generations. Approximately 400 feet of sandy beach below offers an abundance of sky-high coconut palms with permit to add a pier leading to your very private oceanfront observation platform with a day bed. Florida Keys Real Estate and Homes For Sale.
Architecturally inspired by Italian Old World charm, this modern Mediterranean oceanfront estate is situated on a peninsula on the Atlantic Ocean in exclusive Ocean Cay, Key Largo. On over 13,000 square feet of oceanfront land, this luxurious, private home features superior concrete block construction, a four-car garage, electric shutters, electric gates, an elevator, five central air conditioning units, and over 5,500 square feet of living space on three levels. Majestic palm trees and grand mahogany doors invite you into this four-bedroom, five-bathroom estate filled with an abundance of natural light. The focal point of the homes main living level is the panoramic views of the Atlantic Ocean through glass doors opening to expansive oceanfront terraces. Florida Keys Real Estate and Homes For Sale.
ONE OF FEW SNAKE CREEK PROPERTIES! PRESTIGIOUS VENETIAN SHORES is offering the perfect location for the avid boater/fisherman making it the supreme location in Islamorada offering DEEP-WATER DOCKAGE and immediate ocean and bay access with BEAUTIFUL WATERVIEWS! Brand new dock and seawall surrounding a relaxing poolside atmosphere. The interior of this spacious home allows for 4bd/3ba, large living area upstairs and downstairs, rooftop deck to enjoy an even better open water view. Also offered is an elevator and garage. This home is the perfect property to remodel to your own taste and enjoy the FL Keys Lifestyle! Florida Keys Real Estate and Homes For Sale.
This Venetian Shores Bay Front home offers everything for the serious boater. With 120 of concrete dock, a 60,000 # extra wide boat lift and davits for your bay boat this home can handle all your vessels. There is plenty of depth and a wide channel (88) will accommodate boats as large as 65 with easy ocean access through Snake Creek. The third floor is an open concept living room, dining room and kitchen with built in cabinets has expansive open water views. There are 3 bedrooms with fantastic views on the second floor. The master has his and her bathrooms and walk-in closets. The ground floor has two bedrooms with a Jack and Jill bathroom. There is also a storage room for all of your boating accessories. With over 12,000 sq ft this is one of the largest lots in Venetian Shores Florida Keys Real Estate and Homes For Sale.
Port Largo home Plus - This 5 bedroom Port Largo home has the plus of a new IPE dock, tasteful, expensive, and beautiful Brazilian walnut. You can choose your look, oiled or natural for this attractive dock and decking addition to your yard. Deep water dockage and ease of ocean access is the reason many fisherman, divers and big boat owners, gravitate to Port Largo. Enjoy all the amenities of a community park with tennis courts, walking trails and aquatic amenities. The home is truly inviting with living area open to the dining area and kitchen, very beachy feel and great place to entertain. Plenty of bedrooms for guests too. Another plus, owner put on a new metal roof which enhances the look and integrity of this home. Florida Keys Real Estate and Homes For Sale.
Experience the allure of coastal living at this waterfront pool home. This 4 bedroom house is nestled in Port Largo, a waterfront community with some of the best direct, deep water, ocean access in all the Florida Keys. Enter this recently updated residence with new hardwood floors and immediately feel at home. The downstairs foyer provides an interior access to the 2nd floor which has 2 bedrooms, 1 bath, the living and dining areas, the newly updated gourmet kitchen and 2 terraces. The 3rd floor has another bedroom and the expansive master bedroom and exquisitely designed master bath. Explore some of the worlds best offshore reefs and fishing from your 75 ft dock. The outdoor living area is equally as inviting with its outdoor kitchen area, covered gazebo and in ground pool. The concrete Florida Keys Real Estate and Homes For Sale.
An extremely rare and stunning private island, accessible by car, Terras Key is a gated Caribbean Island located at Mile Marker 79.7 in Islamorada. Jutting into the blue-green waters of the Atlantic Ocean, Terras Key features a 2,000+- driveway enabling you to reach restaurants and shopping easily.Enjoy the conveniences of the modern world, including all utilities, while surrounded with the privacy of your own +15.5 Acre Island with miles of open water views and views of Alligator Reef Light. The compound includes 5 bedrooms and 4 baths, pool, cabana, dockage, and a tennis court. This extraordinary private island is a landmark in Islamorada and the Florida Keys and has not been offered for sale for over 27 years. Florida Keys Real Estate and Homes For Sale.
Sunsets galore and from every floor. One of a kind bay-front estate with lots of privacy, sandy beach, great dockage and 2 of everything (2 master suites, 2 living areas and more). This open water home built in 2002 boasts 6 bedrooms and 2 separate living areas with room for 2 families and more. The property can be used in its entirety or be used as a vacation rental; the possibilities are endless. Its great location puts it close to Miami for an easy commute. Investors beware. Florida Keys Real Estate and Homes For Sale.
Casa Point on Caribbean is uniquely positioned in the exclusive community of Port Largo and boasts an extremely rare 195 ft of deep water dockage. This 6700 sq ft especial home has over 4900 sq ft of living space accompanied by 6 bedrooms and 4 1/2 baths. It will accommodate the largest of families with luxury living and fabulous entertaining. Grand entrance, an immense chefs kitchen with industrial appliances, swimming pool with slide and spa, 2 car garage, 2 laundry rooms, and 4 zone A/Cs are just a taste of what you will encounter in this illustrious home. Florida Keys Real Estate and Homes For Sale.
Private bayfront island situated in the heart of the Florida Keys. Nestled behind gates and lush tropical landscaping are a magnificent main house and two private guest houses, a swimming pool, and deep water protected dockage for multiple boats. The island-style two-story main home offers two inviting bedrooms, a spacious living and dining area, a showcase kitchen, and French doors that open to lovely first and second floor porches overlooking the bay. The impressive guest quarters provide comfort and privacy with four bedrooms, four bathrooms, and a private patio with bay views. An additional one-bedroom guest cottage offers open bay views and a sandy beach area. The swimming pool with sundeck is surrounded by swaying palm trees and tropical gardens Florida Keys Real Estate and Homes For Sale.
EGRET Residence: Brand new construction! This oceanfront home is stunning! The Tarpon Point community is gated and lushly landscaped with amenities such as oceanfront pool, beach, dockage and full service all home generators. This spacious 4 bedroom 4 bath home also comes with an elevator giving access to all floors of the home. The kitchen is equipped with high end Florida Keys Real Estate and Homes For Sale.