kwproperties-blog

[kwproperties-blog]

Is there Great Value in Foreclosed Properties?

In short, no.

Before the great real estate crash in the early 2000s, foreclosed properties were almost unheard of. In the rare event that a lender foreclosed on a property, they got rid of it as quickly as possible.

Banks and institutional lenders have been kept from entering the real estate business, as allowing them to enter would create an anti-competitive environment. Lenders could compete unfairly with real estate companies, having access to federally subsidized low-cost funds via the FDIC.

Banks/lenders knew how to lend money prior to the real estate crisis, but they didn't know what to do with the foreclosed properties they were about to acquire. They learned quickly how to get rid of these unwanted properties and learned how to do it without leaving money on the table.....read more

[kwproperties-blog]

33 SUNSET KEY DRIVE KEY WEST, FL 33040

$5,000,000

Beds: 3Baths: 4Sq. Ft.: 2,804 Type: Single Family Home

This grand waterfront home offers a stately open living area with tile floors, soaring ceilings and incredible views of Key West Harbor from the private waterfront pool and open balcony. The gourmet island kitchen features granite counter tops, custom cabinets and top-of-the-line appliances. Four spacious bedrooms including the master suite offers a cozy sitting area and private porch. Attention to detail was not overlooked in the construction of this private island residence. Cocooned by lush tropical gardens with paver driveway and ideally located just steps for the ocean. Enjoy all that private island living has to offer on Sunset Key. Tucked away on an exclusive 27-acre island just 500 yards off Key West, Sunset Key embodies the relaxed luxury of island living. Bougainvillea-laced cottages, pristine white sand beach, exquisite waterfront dining, and exclusive resort activities abound for the ultimate tropical island getaway. Just imagine a place with no parking problems and no traffic, quiet strolls on spectacular beaches within walking distance to your home, and breathtaking water vistas from every home. Convenient to Key West International Airport and just a short 3 minute cruise to historic Key West on the Sunset Key Island Ferry which runs 24-hours a day. Sunset Key invites you to enjoy an intimate island paradise unlike anything you've encountered before.

https://www.keywestproperties.com/homes-for-sale-details/33-SUNSET-KEY-DRIVE-KEY-WEST-FL-33040/578052/397/