$1,639,547 EMV

4 Beds   3 Baths   5,612 Sq. Ft.   Single-Family
Get the Preforeclosure Address

Sw 89th Ave
Palmetto Bay, FL 33157

Overview

This Single-Family Preforeclosure is located at Sw 89th Ave, Palmetto Bay, FL 33157. It has 4 Beds 3 Baths , 5,612 sqft of living space. This property is currently in auction with an estimated market value of $1,639,547.
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Status: Active
Listing ID: 58472192
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Learn about Sw 89th Ave in Palmetto Bay, FL

This single-family property is available as a preforeclosure at Sw 89th Ave. This property features 4 bedrooms and 3 bathrooms, perfect for investment and/or your personal residence. With 5,612 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Palmetto Bay, specifically for Sw 89th Ave and comparable listings. Based on this expert analysis, the estimated market value is $1,639,547. If purchased for rental purposes, the monthly rental rate could range between $2,990 and $3,650, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Sw 89th Ave are updated daily along with others in Palmetto Bay, Florida, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Sw 89th Ave below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Foreclosure Timeline

Sw 89th Ave in Palmetto Bay Florida Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Sw 89th Ave
View Preforeclosure Status
09/30/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

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Address: Sw 89th Ave Palmetto Bay FL 33157

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for Sw 89th Ave in Palmetto Bay Florida
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Community & Neighborhood

This property in Palmetto Bay, FL is located in the Landings Sec 02 Subdivision.


Preforeclosure

The property located at Sw 89th Ave in Palmetto Bay, FL is listed as a Preforeclosure

This listing located at Sw 89th Ave in Palmetto Bay, FL could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Palmetto Bay, Florida is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Palmetto Bay, FL, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Palmetto Bay, Florida doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

This is an important legal concept to understand before moving forward

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Rental Value

The estimated rental value for Sw 89th Ave located in Palmetto Bay, FL is $3,320/month. Comparable homes around Sw 89th Ave that are rentals have monthly ranges starting as low as $2,990 per month and as high as $3,650 per month. An owner looking to use this property as an investment could bring a return in the area of $2,990 - $3,650 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
09/30/25   Preforeclosure BANK OF NEW YORK MELLON
09/19/25   Preforeclosure
08/25/25   Preforeclosure The Bank Of New York Mellon
04/21/25 05/07/25 Bankruptcy
04/02/25 04/21/25 Preforeclosure BANK OF NEW YORK MELLON
03/21/25 04/21/25 Preforeclosure
03/05/25 04/21/25 Preforeclosure Bank Of New York Mellon (The)
10/23/24 11/05/24 Preforeclosure BANK OF NEW YORK MELLON
10/08/24 11/05/24 Preforeclosure
06/25/24 07/15/24 Preforeclosure BANK OF NEW YORK MELLON
04/23/24 07/15/24 Preforeclosure
02/16/24 09/29/24 Bankruptcy
02/07/24 02/20/24 Preforeclosure BANK OF NEW YORK MELLON
01/19/24 02/20/24 Preforeclosure
09/30/23 12/09/23 Bankruptcy
09/18/23 10/03/23 Preforeclosure BANK OF NEW YORK MELLON
09/05/23 10/03/23 Preforeclosure
08/26/22 09/12/22 Preforeclosure BANK OF NEW YORK MELLON
08/21/22   Preforeclosure
08/02/22 09/12/22 Preforeclosure
02/26/20 03/31/20 Preforeclosure THE BANK OF NEW YORK MELLON
02/24/20 03/31/20 Preforeclosure
05/10/19 09/27/23 Bankruptcy
04/24/19 03/26/20 Preforeclosure
04/05/19 05/13/19 Preforeclosure
01/18/19 02/20/24 Preforeclosure Bank Of New York Mellon
01/18/19 05/21/24 Preforeclosure Bank Of New York Mellon
01/18/19 10/03/23 Preforeclosure Bank Of New York Mellon
01/18/19 11/05/24 Preforeclosure Bank Of New York Mellon
01/18/19 03/31/20 Preforeclosure Bank Of New York Mellon
01/18/19 09/12/22 Preforeclosure Bank Of New York Mellon
01/18/19 05/13/19 Preforeclosure THE BANK OF NEW YORK MELLON
11/21/16 06/19/17 Preforeclosure BANK OF NEW YORK MELLON

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Sw 89th Ave
Palmetto Bay, FL 33157

4 Beds   3 Baths   5,612 sq. ft.   Single-Family

$1,639,547 EMV

Status: Active Listing ID: 58472192

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