Bank-Owned Properties (REO)
from Foreclosed Properties
A Foreclosure Summary
There are 23 condos in Miami Beach with listing prices of $300,000 or more being offered as
Bank-Owned properties as of 3/12/2010.
Lowest Asking Price: $205,000
Highest Asking Price: $714,900
Prices may be further reduced, in some cases. |
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More About Bank-Owned (REO)
Properties
What is an REO property? The acronym stands for "Real Estate Owned",
which means that a bank had foreclosed on a property and has taken ownership
of it.
Can I Expect A Good Deal
on an REO Property?
It depends. Unlike a short sale, where a property may be purchased
at a price far below its market value, when a property has been acquired by
a bank through foreclose, it's price will generally be at market value.
You see, the bank will have incurred great costs in the foreclosure process,
and it will try to recover as much of its costs as possible. So,
sometimes, a REO property isn't a great deal. However, from time to
time a bank wants to unload a property, and will offer it for sale at a
discount.
I'm Here To Help
Mark Zilbert
E-Mail MeOffice: (305) 726-0100 x4500
Cell: (786) 315-9595
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| All 23 Bank-Owned Foreclosure Units For Sale |
Click on any link to get additional information. The properties shown below have a listing price of $500,000 or higher.
Source: Southeast Florida MLS 1 Bedroom Units For Sale at Foreclosures in Miami Beach | | | Condo | Unit | List Price | List $/ s.f. | Bd/Bth | Interior Space | Listing Date | | | |
 | Ocean Point Condo |
710 |
$205,000 |
$312.50 |
1/1/0 |
656 sf / 60.9 m² |
2/8/2010 |
[MORE] |
 4.4% |
| The Pavilion |
515 |
$215,000 |
$223.96 |
1/1/1 |
960 sf / 89.2 m² |
12/2/2009 |
[MORE] |
| |
| Akoya Condo |
1406 |
$299,900 |
$371.16 |
1/1/1 |
808 sf / 75.1 m² |
2/9/2010 |
[MORE] |
| |
| Costa Brava Condominium |
1909 |
$314,900 |
- |
1/1/1 |
- |
12/17/2009 |
[MORE] |
| |
| The Mercury South Beach |
PH-2 |
$395,000 |
$278.17 |
1/1/0 |
1420 sf / 131.9 m² |
10/6/2009 |
[MORE] |
| 6.7% |
| Fontainebleau Ii/ Tresor |
2912 |
$560,000 |
$558.88 |
1/2/0 |
1002 sf / 93.1 m² |
2/4/2010 |
[MORE] |
2 Bedroom Units For Sale at Foreclosures in Miami Beach | | | Condo | Unit | List Price | List $/ s.f. | Bd/Bth | Interior Space | Listing Date | | | |
| Capri Xii |
C |
$200,000 |
$270.27 |
2/2/1 |
740 sf / 68.7 m² |
2/23/2010 |
[MORE] |
| |
| Flamingo |
326S |
$209,900 |
$192.39 |
2/2/0 |
1091 sf / 101.4 m² |
3/8/2010 |
[MORE] |
| |
| 360 Condominium |
1519 |
$236,610 |
$193.47 |
2/2/0 |
1223 sf / 113.6 m² |
3/9/2010 |
[MORE] |
| 13.0% |
| 360 Condo |
809 |
$260,000 |
$212.59 |
2/2/0 |
1223 sf / 113.6 m² |
12/13/2009 |
[MORE] |
| 5.0% |
| 2000 Isl Blvd Williams |
501 |
$326,895 |
$160.24 |
2/2/1 |
2040 sf / 189.5 m² |
1/4/2010 |
[MORE] |
| |
| Sunset Harbour North |
807 |
$339,900 |
$293.02 |
2/2/0 |
1160 sf / 107.8 m² |
1/18/2010 |
[MORE] |
| 0.0% |
| Williams Island |
1411 |
$349,000 |
$306.14 |
2/2/0 |
1140 sf / 105.9 m² |
3/5/2009 |
[MORE] |
| |
| Costa Brava Condo |
710 |
$360,000 |
$242.59 |
2/2/0 |
1484 sf / 137.9 m² |
3/4/2010 |
[MORE] |
| 5.1% |
| Waverly South Beach |
2011 |
$375,000 |
$345.30 |
2/2/0 |
1086 sf / 100.9 m² |
2/14/2010 |
[MORE] |
| 7.1% |
| Seacoast |
1626 |
$379,900 |
$368.83 |
2/2/0 |
1030 sf / 95.7 m² |
11/30/2009 |
[MORE] |
| 4.9% |
| M Resort Residences Condo |
508 |
$465,000 |
$310.62 |
2/3/0 |
1497 sf / 139.1 m² |
11/12/2009 |
[MORE] |
3 Bedroom Units For Sale at Foreclosures in Miami Beach | | | Condo | Unit | List Price | List $/ s.f. | Bd/Bth | Interior Space | Listing Date | | | |
| The Surf Condominium |
505 |
$280,900 |
$163.03 |
3/2/0 |
1723 sf / 160.1 m² |
3/5/2010 |
[MORE] |
| |
| The Floridian Condo |
2608 |
$440,000 |
$369.44 |
3/2/0 |
1191 sf / 110.6 m² |
3/4/2010 |
[MORE] |
| 6.8% |
| Carriage Club North |
1122-3 |
$465,000 |
$236.76 |
3/3/0 |
1964 sf / 182.5 m² |
10/6/2009 |
[MORE] |
 |
Short Sales |
Properties
for sale for less than what is
owed to the bank -
LEARN MORE |
|
|
Foreclosures |
Properties foreclosed and now bank-owned -
LEARN MORE |
Source: Southeast Florida MLS. Data updated 3/12/2010.
Information is deemed reliable but not guaranteed. Copyright © 2010. The listing data on this page comes from the Internet Data
Exchange (IDX), a collaboration between the following REALTOR ® associations in the South Florida Multiple Listing Service (MLS): Realtor Association of Greater
Miami and the Beaches, Realtor Association of Greater Ft. Lauderdale, Realtor Association of Miami-Dade County, Northwestern
Dade Association of Realtors, South Broward Board of Realtors. All rights reserved. The information being provided is for consumers'
personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is
prohibited. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or
national origin in the sale, rental or financing of housing.
 
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