Have you been looking for that special deal on the waterfront? Banks sometimes under price their high end REO and bank owned foreclousre homes due to the costs required to carry these properties. In some cases, they would just assume get rid of the expense. Bird Key, Siesta Key, Longboat Key, Lido and St Armands Key all have distressed, foreclosure and REO properties.
This market is providing opportunities we will not hear of again in our lifetime. With interest rates and prices low, you really are looking at the once in a life time opportunity. See it, buy it, own it. Waterfront real estate in south Florida. They just aren't making any more of it.
Update - There are less than 200 foreclosures for sale in all of Sarasota county. This list is updated daily and there may be none or just a few foreclosure properties on the Sarasota waterfront