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.
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.
ATTENTION PILOTS....Rare opportunity to own THREE lots with large concrete home and inground pool! Downstairs guest suite is above flood. Home sits on two lots plus third adjacent lot included in this price! Large parcels, property completely fenced, gated community, close to private Marina for dockage up to 3 boats, can accommodate up to 40 ft boat. Private airstrip, 2,200 grass runway, located directly on Tavernier Creek for immediate boating access. Excellent for full time or part time residency. Three bedroom, three bath home, interior staircase, remodeled kitchen, large rooms, concrete roof, central AC, screened in pool, circular drive, open hangar measures 42feet across, room to build new hangar. Endless possibilities offered with this property. Excellent investment! Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
This newly remodeled home truly offers an incredible setting. This home is the 5th home in from the Bay, and is move in ready. This 4 bedroom and 3 baths Waterfront, Pool home with Garage is in immaculate condition. Beautiful white Kitchen offers Quartz counters and Stainless appliances. Additional features, modern white porcelain tile throughout, impact resistance windows and doors, metal roof, heated pool. First level offers a resort like entertaining setting with gorgeous summer kitchen, bar area, dining area, sitting area with TV, and lounging area or sun bathing. Second level offers the Kitchen, Dining, living, laundry, 1 bedroom and 1 full bath. Elegant dark wood stairway leads you to 3rd floor foyer with huge master bedroom suite, 2 additional bedrooms and 1 full bath. Florida Keys Real Estate and Homes For Sale.
Open to Offers! Ocean views from this modern gated pool home. Ideally situated in the heart of Tavernier with direct ocean access. Massive balconies to the ocean, Master suite on the top floor with private terrace. Boat lift and davits. Separateguest suite with bath on the ground level. A must see! Florida Keys Real Estate and Homes For Sale.
Beautiful Mediterranean-Style Custom Pool Home with 80 ft., of dock with deep water ocean access. This home has an excellent floor plan. DOWNSTAIRS: 2 spacious bedrooms, 1.5 bath, den used as an office can be 3rd bedroom or Rec Room. Unique living space for Multi-generational living. Kitchen with Extra-long granite peninsula with double pantry, Expansive Family Room with cozy fireplace and many built-ins. Formal Dining Room, Living Room with 20-foot ceiling. Wet bar in the patio area off of the living room. THROUGHOUT THE HOME: Large windows for plenty of natural light, UPSTAIRS: Over-sized master bedroom with 2 balconies, Master Bath is spacious, generous sized walk-in closet, Sitting Area & another room can be library or media room. OUTSIDE: Low-maintenance backyard, 2CG,Pavers Florida Keys Real Estate and Homes For Sale.
This one of a kind ground level home is built to please the most discriminating buyer. Beginning with the oversized paved driveway you walk in to 8 doors, 10 ceilings and on too beautiful 32 tiles. The open concept reveals the beautiful custom floor to ceiling kitchen cabinets, high end appliances that include an induction stove. Bathrooms are all tiled floor to ceiling and offer custom cabinetry. Custom window treatments and 8 interior solid wood doors with beautiful top of the line hardware stand out. Step outside on to seashell tiles and the beautiful custom 12x38 heated pool deck also covered in tile and landscape for complete privacy. The side yard offers a Chikee Hut with wired fire alarm, gas stove, refrigerator, sink, tv, cabana bath and gated driveway. Florida Keys Real Estate and Homes For Sale.
Tranquility on Tarpon Bay ~ This is a rare opportunity to own almost 4 acres on the bay with 200 feet of bay frontage and a stunning residence. Enjoy entering through your own tree lined natural drive where you are greeted at the gated entry by locally quarried coral entrance columns, custom made copper sconces and brick paver driveway. The home immediately commands a presence with the artfully designed roof overhang of synthetic shake shingles designed to enhance the home further from the high pitched concrete roof, complimentary cooper sconces on the columns, double impact entry doors and sweeping stairwell. The newly designed interior will not disappoint with the cathedral styled high ceilings, rare for a concrete roof, and a one of kind sculpted mangrove chandelier highlighted by the Florida Keys Real Estate and Homes For Sale.
A one-of-a-kind 4.33-acre estate on Upper Matecumbe Key. Enter the gate and follow the classic brick driveway to one of Islamoradas most private settings. The main house, which is above the flood zone, offers two bedrooms and two-and-a-half bathrooms, featuring high beamed ceilings, tile floors, and ocean views. A guest cottage offers one bedroom, one bathroom, and a large sitting room. Watch the colors of beautiful sunrises and incredible sunsets reflect off Alligator Lighthouse from all rooms. Look for tailing bonefish and wading birds, or just sit by the pool and relax--Mother Nature is your living room. A caretakers cottage as well as a guest cottage can be added to the property as of right. Two additional lots have the possibility to be rezoned. 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.
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.
Pirates Cove Bay Front Treasure! Enjoy boating and sunsets from this lovely bay front home. Relish the Florida Keys lifestyle in this Key Largo bay front home with 3 bedroom 2 & 1/2 bath. Spectacular water views can be seen from open kitchen/dining and living areas. Or sit outside and delight in the views from the large open patio. This home has a gated entry and is located on the quiet cul-de-sac of Jolly Roger Drive. This CBS constructed home has plenty of parking underneath for your cars and toys as well as space for entertaining. Boaters will appreciate the convenience of boat lift and davits. Boating, kayaking, paddle boarding, swimming, or just doing nothing, this is the home where you can have it all. 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.
Best Boating in the Keys! Desireable Venetian Shores 4 bed / 3 bath home with immediate ocean and bay access via Snake Creek from a 70-foot concrete dock with davits on a 100-foot wide canal. This solid-built concrete home offers a 3/2 upstairs with open kitchen, Florida room, and gorgeous porch. Roof Garden for entertainment.Legal downstairs AptOwner/Agent Florida Keys Real Estate and Homes For Sale.
Tucked away in the exclusive Plantation Lake Estates private and gated community, this 3B/3B, immaculate gem is the perfect island retreat. This impressive, Islamorada garden house is situated in the most tranquil setting with expansive lake-front views from all levels, including the expansive Widows Walk. Deep-water dockage, straight shot out to the open ocean, plus easy access to the bay via Snake Creek. 2B/2B, plus loft upstairs and a full 1B/1B plus kitchenette downstairs. Storage galore inside and outside. House is set up to receive generator power. Included in the real property sale price are the bromeliads, all of the orchid collection and all staghorn ferns attached to trees. Florida Keys Real Estate and Homes For Sale.
PLAYA LARGO OCEAN RESIDENCES - NEW gated resort style OCEAN SIDE community! - SEA SPRAY model is a beautiful 3 Bed / 2.5 Bath 2,502 Sq Ft under AC residence with a large 484 Sq Ft outdoor terrace with summer kitchen perfect for entertaining with adjoining 201 Sq Ft AC media room designed to enjoy spectacular ocean views. Common areas were inspired by the Playa Largo Resort and amenities include gorgeous clubhouse has indoor and outdoor recreational areas including a beautifully designed infinity pool overlooking the ocean. Community boat launch and dock gets you a few minutes to the open ocean and favorite fishing and diving areas. Playa Largo Resort hotel program TBA. Florida Keys Real Estate and Homes For Sale.
2008 Custom built home, with stunning bay front views. Easy boating access to the ocean side via Tavernier creek. Functional cut in boat ramp, with 40 ft of deep dockage. This 4 bedroom 3 bath concrete home with concrete roof offers an interior elevator, recessed ceilings, plantation shutters throughout, crown molding, impact windows and doors. This home is fenced for privacy with paver driveway. Enjoy all this in popular Hammer Point! Great location near restaurants, movie theatre, grocery store, hospital and more. Florida Keys Real Estate and Homes For Sale.
Mesmerizing water views from just about every room in this four-bedroom, three-and-a-half bathroom home including downstairs guest quarters. This beautiful house with beach access has a multitude of amenities such as natural coral accents, a gourmet kitchen with custom wood cabinetry, double ovens, and bar seating. The wonderful outdoor living spaces include an in-ground pool with a heater, chiller, lights and a waterfall, and terraces with open ocean views. Additional amenities include dockage for two boats, electric shutters, a multi-car garage, a workshop, and an elevator with etched glass artistry. The third floor is all master suite with elevator access, dual walk-in closets, an office, a sitting area, a spacious master bathroom, and two balconies for sunrise and sunset views. Florida Keys Real Estate and Homes For Sale.
Opulent, alluring and meticulously detailed, this Islamorada Estate is where perfection meets the Bay ~ welcome to The Fish Ranch. Located on Plantation Key, The Fish Ranch estate features two (2) single family residences plus a media house, and cabana with outdoor kitchen. World-class designs make this one of the more distinguished estates for the most discriminating buyer. 100 swimming pool with two beach entries, hot tub, 250 of sandy beach, putting green, dockage, architectural designed landscaping with fire pit and lighting throughout. Also included with this property is an additional 19,729sf lot. Florida Keys Real Estate and Homes For Sale.
This fabulous Port Antigua home is ready for a new family to enjoy! Vaulted tongue in groove ceilings and clerestory windows in the open living area let in the natural light. Features include travertine floors throughout, 3 Bedrooms and 2 baths on the main living level, separate laundry room/pantry and another bedroom and bath on the ground level. The downstairs is above flood and permitted, making this a large home for guests and extended family to share! The backyard is accented with pavers and leads to the 60 ft. concrete dock with a 20,000 lb. boatlift. The carport and garage give protected storage for golf carts, jet skis, etc. The Port Antigua Homeowners Park offers a beautiful sandy beach with tiki huts and BBQ grills for property owners as well as a boat ramp within the community. 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.
Fantastic Ocean front home completely remodeled! 3/2 on main level with pre-Fema 1/1 downstairs, boat basin, concrete pier and garage. Ideally located between the Luxury Playa Largo Residences and the Mariners Club. Unbeatable direct ocean views at this price! 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.
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.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys Board of Realtors Florida Keys MLS, Inc.