This category discusses Destin foreclosures and bankowned homes and condos in Destin, Florida

This real estate nightmare involves two sales of the SAME HOME on the SAME DAY, combined with some sloppy paperwork by the Title Company. Subsequently, the whole thing fell apart, just like a house of cards.  I'm not trying to scare anyone, but really felt that this story needed to be told. It's something that home buyers, sellers or other agents need to be aware of.

The First Deal

After looking at several Destin homes, enduring inspections, appraisals, and lender related delays, our buyers were excited about closing on their new home last Friday. Everything went smoothly as buyers and sellers both signed their respective paperwork, the lender authorized funding, and the title company began disbursement.

We picked up our check on the following…

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Silver Beach Towers Condos

There are many great choices for real estate in Destin and foreclosures are still very popular.  In 2010, most sales of condos were either Destin Foreclosures or a Short Sale.  Today, things have changed and distressed sales make up a much smaller portion of total activity. A foreclosure is a property owned by the bank and the negotiation process is fairly straight forward. 

Our spotlight this week focuses on a Silver Beach Condo, unit 1401.  This fantastic 4 bedroom condo has 2000 square foot, is sold unfurnished, and listed at $929,000. As you enter the condo, you will be immediately impressed with the high ceilings, creative lay-out, and crown moldings.  The living room floors hare hardwood and the kitchen has corian countertops. The inviting…

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Home in Crystal Beach Destin FL for Sale

We just sold this fantastic home in Crystal Beach Destin FL.  Located on a pretty lot with mature trees and native vegetation, this home has over 2193 square feet and features a large wrap around porch and two car garage. The large lot size of 75X100 is one of the factors that make homes in Crystal Beach Destin for sale so attractive.

With 4 bedrooms and 3 bathrooms, this house will make a perfect vacation rental. There is a heated gunite swimming pool off the deck and the beach is just a short walk down Stingray or Crystal Beach Drive.  John street runs east and west and is considered a more private location than the major North/South running streets in Crystal Beach.

Entering the home, you will find hardwood floors and a convenient layout with…

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We just sold unit 69 at the Nantucket Rainbow Cottages.  This charming Crystal Beach Destin foreclosure is located at 69 Crystal Beach Drive and has direct views of the Gulf of Mexico. The unique floor plan features living, sleeping, and cooking on each floor and a lock-out option that allows great flexibility in renting or privacy for guests.  Each floor also has bedroom and separate bunk area that allows for ample sleeping space.

Crystal Beach Destin Homes For Sale

The buyers chose this home because it met everything they had been looking for. The location in Crystal Beach, quality of the home, price, and view exceeded every expectation that they had.

The inventory of Crystal Beach Destin homes for sale continues to decrease making it increasingly difficult for buyers to find…

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Awesome new listing! Take a look at this Destin foreclosure located in the luxury golf course community of Kelly Plantation. This bankowned property has 3034 square feet, 4 bedrooms, and 3 bathrooms. 

Destin Foreclosure

This foreclosure in Destin also backs up to the golf course and has a swimming pool.  The home was built in 2005, has a gourmet kitchen,hardwood floors, fireplace, and other custom features.

Priced at $640,900, this magnificent home will not last long.  This home in Kelly Plantation is located at 4510 Marshbrook Way, Destin, FL  32541. Call today to schedule a showing!

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I look at several Destin foreclosures each week but this one really caught my attention. When I pulled up to the home, my first impression was that the house was overpriced. However, I was pleasantly surprised when I took a look around.

While many Destin foreclosures require considerable repairs, the interior of this home was immaculate and the layout was fantastic for a vacation rental, 2nd home, or a weekend get away. The home has six bedrooms, 5 bathrooms, three large decks (including the observation tower), a swimming pool and is located less than 200 yards to the beach.

Unlike most foreclosures in Destin, this one is completely furnished. The only thing that needs fixed is the swimming pool. It is dirty and hasn't been used in quite sometime.…

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Destin Foreclosures, priced at market value, are leading the way in reducing the number of  available homes for sale in the area. 

Many buyers are anxiously looking at recent selling prices in an attempt to "guess" the market bottom. However, the first sign of  a strenghtening Destin real estate market is found by analyzing inventory trends*.

As demand fell for Destin homes in 2005, 2006, and 2007 (see chart below), inventory rose dramatically.  The primary reason for this was unrealistic sellers overpricing their homes. Buyers were looking but unwilling to pay the list price.

In late 2007, REO managers started listing foreclosures in Destin.  Often times, their list prices were more than 30% below competing homes.  Over time, traditional sellers…

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