There are currently two REO's in condos and both of them are great deals:
One is in Moon Bay; it is a 2 bedrooms, 1,5 baths unit on the second floor with a DEEDED boat slip for $239,900 This unit is perfect for an investment/vacation property. Moon Bay permits weekly and rentals and produces good rental income especially when dockage is available. Take a look at this listing: You will easily break even on this condo:
Moon Bay
This is a 2 bedroom 2 baths condo in Tamarind Bay for $384,000 It has a great view of the bay and is a ground floor unit. This is perfect if you have little kids; they can walk to the pool etc. This is a great investment. You will not net as much in rentals but the future appreciation makes up for that. Dockage is assigned, Square footage is 1360 SF, every room has a view.
Please contact me for more pics. etc.
Tamarind Bay
Please contact me if you are interested in buying or selling Real Estate in the Keys:
305-393-0923 or Wiebkewestedt@aol.com