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.
Sea Garden is located on an impressive landscaped 1.5 acre bayfront parcel sprinkled with orchids and boasts a highly unique bayside coral reef right behind the docks. This completely solar powered home has been built to last and offers over 120 of deep water dockage with 13k boat lift plus kayak/paddleboard ramp and floating dock. Three car garage with upstairs guest house is an added bonus to this already impeccable estate. Watch the bald eagles fly by, the painted sky sunsets and enjoy the natural surrounding beauty of the Florida Keys right from your back porch! Florida Keys Real Estate and Homes For Sale.
Prestigious Port Largo homeCalling all BIG boaters, 3 story Substantial Island home in Port Largo greets you with its grand entrance, stairwell and soaring ceilings. 75 feet of deep water dockage and direct ocean access within mere minutes. Gated entry, brick paver driveway and concrete wall for fencing, adds to the grandeur of this home. Outdoor kitchen for dockside entertaining. As beautiful as the stairwell is, no need to take the stairs with an elevator to access all three levels. The bedrooms are all spacious with emphasis on the extra large master suite over looking the ocean. New kitchen with all the bells and whistles that a chef would enjoy. Extra large laundry room. Sought after concrete roof with a rooftop deck to enjoy the views.. 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.
ESPRIT - Architecturally modern residence encased in majestic tropical gardens that awaken the senses and are host to monarch butterflies, jasmine, gardenia, and birds of paradise. This rare custom 3BA/2.5BA CBS home offers a concrete roof, custom flooring throughout & hurricane rated windows and doors. Open and spacious kitchen with indoor/outdoor dining areas overlooking the water is designed with accent lighting and the newest modern appliances. Fast Bay to Ocean access via either nearby Tavernier Creek or Snake Creek with marina amenities available right up the canal teeming with manatee and porpoise. Rooftop party deck has 10 person hot tub and offers 360 degree views of Plantation Key and waterways adorned with beautiful birds, starry skies, breathless sunrises and romantic sunsets. Florida Keys Real Estate and Homes For Sale.
Ultimate Sportsmans Paradise: Perfect for large families, corporate retreats, or investors looking for rental income! Stunning ocean views, with crystal-clear, deep-water, protected dockage, along the 100+ feet of brand new Ipe wood dock for your offshore yacht, large center console, bay boat, skiff, and all of your water toys! Brand new renovation! This property totals ten bedrooms and six bathrooms in two units, with four kitchens and laundry rooms. There is room for everyone in luxurious comfort. Use one half, both halves or rent out a half, depending upon your needs at the time. The options are limitless. All impact windows and doors and a new metal roof, this property is made to lock and leave for carefree living. Florida Keys Real Estate and Homes For Sale.
This is Florida Keys living at its finest. No detail has been spared in this new oceanside, canal front, custom home with pool that was built with meticulous attention to detail in 2016. The property offers 5 bedrooms, 3 bathrooms and 1 half bath, 2 car garage and direct access to the ocean within minutes. The richly appointed interior, executed with superb craftsmanship and soaring ceilings, will appeal to the most discerning buyer. The stunning 65 FT seawall dock offers a 10,000 lb boat lift that can be increased to 20,000 lbs. A brand new privacy wall with electronic gate was built in 2019 complete with new landscaping and outdoor automatic lighting. This stunning home is being sold with high end furniture and is ready to move in immediately. 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.
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.
ENTICE YOUR SENSES with stunning unobstructed Atlantic Ocean views right out your backdoor of this inviting 2bd/2ba POOL home with DOCKAGE and a large peninsula! Nearly one acre of highway to Atlantic Ocean parcel will take your breath away. Comfortable open living floor plan that opens up to a spacious pool deck, perfect for entertaining. WEEKLY RENTALS allowed. Excellent rental history available. Enjoy immediate offshore fishing, diving and snorkeling or take pleasure in nearby access for backcountry fishing. Also, enjoy nearby waterfront dining by boat or car. This property will allow you to truly enjoy the FL Keys Lifestyle and make memories of a lifetime! Florida Keys Real Estate and Homes For Sale.
Ocean on the Cay ~ Extraordinarily designed home with a contemporary beach chic ambiance. Only on the Cay in Key Largo can you keep your yacht at your 100 foot dock and still enjoy the beauty of the open ocean from your home. Designed and built with integrity and a timeless easy elegance. Captains walk around the home on the second floor verandahs. New pool added in 2018 so you can take a dip while capturing the ocean views. Simple and understated interior with a staircase that leads to the second floor of main living, kitchen and bedrooms. Located in Ocean Cay, a luxury enclave of homes in a gated community in the sought after Upper Keys. Being situated nears oceans end allows for extra wide navigation only enjoyed by the end lots, premium Cay location. 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.
Amazing, turn-key investment property with a stellar rental history. The average occupancy is 46 - 50 weeks a year. This impeccably maintained oceanfront residence has a brand new pool and dock. Large double lot perfectly situated so you can enjoy spectacular sunrises daily. The resort-like amenities create the ultimate escape. With four bedrooms, a bonus room, two living rooms and three and half bathrooms, this is the perfect home for entertaining. Sold furnished with custom furnishings, stainless appliance, granite countertops and custom mosaics. Completely turn-key investment property. Please see documents tab for weekly rental rates. Too many upgrades to list, please see documents tab for a more complete list. This home is the ultimate beach vacation home. Florida Keys Real Estate and Homes For Sale.
Tucked away on two exquisite oceanfront acres with sandy beach is this perfect island retreat. Lush tropical gardens with tall coconut palms cocoon the 5 bedroom, 5 1/2 bath 4700SF residence plus separate poolside guest quarters. A welcoming foyer opens to a showcase stairway which leads to the top floor master suite with private oceanfront balcony and spacious master bath with double walk-in closets.The open living area with endless ocean views boasts exquisite finishes such as tiled custom bar, polished porcelain tile floors, and soothing colors reflecting the casual Keys life style. The gorgeous kitchen features a granite-topped island with high quality appliances, a pantry and laundry room. Wrap-around porches offer lazy ocean gazing over the sandy beach to the sparkling Atlantic... Florida Keys Real Estate and Homes For Sale.
A rare opportunity to own the Oasis, a home like a private resort, featured on the cover of Florida Design magazine. This home has been used for photoshoots by famous photographers, celebrities, and brands. Be a part of this unique lifestyle, whether for intimate dinners or for parties for 200 people.Enjoy the truly spectacular pool for lap swimming or amazing pool parties. Take a front row seat to view the mesmerizing changing colors of the Atlantic ocean waters within the Florida Keys National Marine Sanctuary.The Oasis has two bedrooms with ensuite bathrooms and a media room/den that can be easily converted back to a third bedroom. There is a third bathroom in the outdoor poolside entertainment spaces.The living room is spacious with its double-height vaulted ceiling and Florida Keys Real Estate and Homes For Sale.
Florida Keys Real Estate and Homes For Sale.
Dont Miss Out on this Amazing Oceanfront Four Bedroom Home built in 2016 with over 90 ft. of Ocean Frontage and over 80 ft. of Canal Frontage!! This is a Premium location in Marathon at MM52.5 on nearly half an acre of land!Not only is the home essentially brand new; it also comes with fully approved permits & engineering plans for a 75 foot dock & boat lift &engineering plans for a 1,054 sq.ft. downstairs enclosure!!Tile floors & crown molding throughout, stainless steel appliances & quartz counter tops in the kitchen & both bathrooms! Enjoy stunning water views from 3 of the 4 bedrooms & cook out on your 528 sq.ft. back porch while watching the gorgeous sunset! Bring your trucks & RVs as theres no HOA & the lot is over sized with covered parking! 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.
Through a long winding and manicured driveway off of the Old Highway you will enter this exquisite Seaside Villa located on Plantation Key in Islamorada, FL. Sitting on 2 acres, this Atlantic Ocean facing property has 170ft.of shoreline and sandy beach, a rare find in the Florida Keys. Step up the imperial staircase into the breathtaking great room with commanding views overlooking the ocean featuring 5839 sq ft plus an additional 2387 sq ft on the ground floor for a total of 8,226 sq ft. of grand living space with 3 levels offering 6 bedrooms, 4 bathrooms, and 1 half bath with an additional 1 bedroom en suite, 1 full bath and 1 half bath on ground level. The distinctive features of this home consist of exquisite wood and marble floors, 8 high solid wood doors, ironwork fixtures, imported Florida Keys Real Estate and Homes For Sale.
Unparalleled best describes Casa Sonrisa. Perfectly positioned in the prestigious ocean-front and gated community of Ocean Cay, this estate boasts 100 ft of deep water dockage with direct ocean access. Certain features separate Casa Sonrisa from all the rest. Its dockage is nestled within a large basin for easy and comfortable navigation for larger vessels. Another truly distinctive highlight is the adjacent Glass house. This separate but connected addition to the main house, takes full advantage of living on the ocean. With its full bath and amazing open water views this is the perfect place to entertain. The main house has 3 living areas. The ground floor has a large recreation area at pools edge, a full bath and a large bedroom. The second floor has the main living ar 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.
Island Dream Ocean View Pool Home with Deeded 40 ft boat slip. Ocean Views from all Floors. Rooftop sun deck. Travertine marble floors, granite counters, over 300 sq. ft. of open balconies with ocean views from most. 3/2 concrete home with 15 x 30 pool. Spacious master suite with tongue & groove ceilings. Wall & gated entrance. Garage, Boat slip is 200 ft. from ocean. Beautifully landscaped in great area with direct ocean access to world class fishing and diving. Centrally located with various bars and restaurants just blocks away. Florida Keys Real Estate and Homes For Sale.
Craig Cay Island Estate - Construction has commenced! A unique opportunity for a buyer to participate in this exciting project, affording a buyer an option to choose their interior finishes, based on their personal preferences, within a specified budget. When completed, this magnificent, ground-level & sprawling, 9,737 sq. ft. home will be an exceptional masterpiece, with 6 bedrooms, 6 full baths, 2 half baths, exercise room, full entertainment room (above the dining room), glass solarium, tackle room, 3 car garage, captains quarters (above the garage) overlooking the 300 of deep-water, protected boat basin with 106 of concrete dock and a custom, a summer kitchen with the appearance of being set inside the 222 long pool which will wrap around both sides of the house, facing the bay. Florida Keys Real Estate and Homes For Sale.
Custom CBS Pool Home on 2.5 lots. 3B/3B w Garage sits on a slice of Paradise w 285 of waterfront. A private setting. Tropically landscaped w exotic plants, palms & Brick Paved walkways. Beach Style Salt-water Pool w Heater/Chiller. 40 Trek Dock w 16k lb 4 post lift equipped w Swing Stopper & Catwalk. Floating Dock for a second Boat & Boat Ramp for the Kayaks. Decorative aluminum fencing, gates & walkthrough entry. 2 Aluminum Stairways & railings for the main level. Full length screened balconies. 2B/2B Split floor plan w Soaring Cathedral ceilings and a 280sf loft. New Kitchen w Stainless appliances w Granite Counters w wood cabinetry. Impact windows w Accordion Shutters and a Metal Roof. 1B/1B permitted guest quarters. Many more features for you to see, and offered fully furnished. Florida Keys Real Estate and Homes For Sale.
NEW LOOK, NEW PRICE, EASY & READY TO SHOW! Exquisite Waterfront Pool Home with 100ft. of Dock! This elegant home features 5 bedrooms, 4 bathrooms, including 2 master suites, rich mahogany wood stair cases, porcelain tile floors, gourmet state of the art kitchen, custom built pool with heater & chiller, 33,000 lb boat lift, 100ft. of dock with electric & water, outstanding views of Snake Creek, 3 separate garages, batting cage, workshop, storage galore, gated entrance, & generator located in beautiful Venetian Shores. This one of a kind home has it all! Florida Keys Real Estate and Homes For Sale.