Reo. ** Waterfront Views Of Shortline Lake ** This Townhome Features 3 Bedrooms Plus A Loft That Would Be Perfect For A Home Office! French Doors Lead Out From Dining Area To A Screened Porch With Views Of The Lake. Features Include: Freshly Pain...
The number of Destin foreclosure homes, also known as bank owned properties or REO (real estate owned) properties, is rising rapidly, which means that you could have a handle on a bargain that you can make into your next home, an investment rental property or an investment sale property. The Destin foreclosure market is a niche that is seeing more interest. However, the unique nature of foreclosures in Destin FL is such that expert advice is highly recommended. Read more about Destin foreclosure homes.
Listings for Destin Foreclosures & Bank Owned Properties
|All Listings||$200,000 - $300,000||$300,000 - $400,000|
|$900,000 - $1,000,000||Over $1,000,000|
150 Grand Villas Dr A150, MIRAMAR BEACH, FL - $1,475,000
Exclusive Hidden Dunes Grand Villas. Non Rental . Gated Access. Gulf Front West End Corner Unit With Wrap Around Patio Area On Ground Level Just Steps From The Pool Deck. Garage Parking One Level Below With Easy Stair Access So You Never Have T...
279 Calle Escada, SANTA ROSA BEACH, FL - $319,000
Great Opportunity In Escada Subdivision With This 3 Bed 2.5 Bath Home In The Heart Of Santa Rosa Beach. Being Sold As Is! Ready For That Special Someone To Make It Their Own. Buyer Must Verify All Measurements And Hoa Information.
33 Colony Park Dr, MIRAMAR BEACH, FL - $299,900
Reo. Great Location Between Destin And Sandestin. You'll Love How Spacious This Home Feels With 9'' Ceilings Throughout! This Home Has Ceramic Tile In The Kitchen And All Bathrooms. The House Has Easy To Care For Vinyl Siding High Efficiency Heat...
12 Spyglass Dr, MIRAMAR BEACH, FL - $959,900
Reo With Magnificent Gulf Views!!! You Have To Come See This Beautiful 5 Bedroom 3 And A Half Bath Home Located Just Steps From The Beach! The Kitchen Features Brand New White Cabinets With Complementing Granite Tops And Stainless Steel Applianc...
14 Cypress St Unit 182, SANTA ROSA BEACH, FL - $324,900
Cassine Gardens Is A Hidden Jewel Within Short Walk To The Beach And Offers Two Pools Lighted Tennis Courts And Beautiful Nature Trails .quiet Community With Family Atmosphere And Well Maintained Grounds,fully Furnished With Exception Of Sofa...
2288 Orion Lake Dr, NAVARRE, FL - $258,000
Reo. Updated Brick Home On A Large Corner Lot In Orion Lake Subdivision. Located In A Quiet Cul-de-sac, Just Minutes From Hurlburt Field, This Home Offers A Spacious Floor Plan With The Following Seller Updates: Freshly Painted Interior, New Ro...
420 Bayshore Dr B, MIRAMAR BEACH, FL - $1,273,000
Reo Real Estate Owned. One Of The Most Beautiful Bay Front Residences, Built With Attention To Detail With Quality Materials, Workmanship, Craftsmanship And A Eye For Detail. Enter Through Iron Gates Into A Large Courtyard With An 18x32 Heated Po...
8057 Gulf Blvd, NAVARRE, FL - $1,199,000
This Is An Reo. Bank Financing Available. This Is One Of The Most Affordable And Pleasant Gulf Front Homes On The Market And Is The Quintessential Site For The Laid Back Florida Lifestyle. The House Is Laid Out All In One Level With Parking And Ad...
Buying a Destin Bank Owned Property or REO
A Destin foreclosure can be lower than the standard going rate due to the property being in disrepair, falling home values or the institution owning the home has a plethora of foreclosures and wants to get rid of it. It is possible to buy your first home this way or obtain a rentable property that you can fix up while receiving rent income that goes to the mortgage. Reselling former foreclosure homes or renting them out to screened individuals and families helps maintain a good neighborhood, ensuring that criminal activity is not encouraged to take root in the area.
Purchasing a foreclosure home is not the same as purchasing a regular home. Many foreclosures are in poor condition and you may not have the leisure to inspect it as you would wish. You need to know the legalities involved in purchasing a foreclosure in Destin and the timeframe that you may be looking at. Sometimes foreclosures can take months to come fully into your possession. The wise foreclosure investor checks the title for liens and taxes owed on the property, if any. You should also consider buying only vacant properties, as tenants on the property mean you may have an unpleasant and costly eviction ahead of you.
Destin foreclosure condos and townhomes are quite common and require some special handling to ensure that you're getting a great deal in a good complex or community. Make sure that you get a copy of the CC&Rs (covenants, conditions and restrictions), study the budget and are aware of rules that might affect your enjoyment of ownership. All the normal condo buying rules apply here, but in addition, you will want to make sure that the foreclosure you're looking at is not one of a number of foreclosures in the complex. This can affect your home values and make the property difficult to rent or sell.
Entrusting your Destin foreclosure search to an experienced professional is the best way to navigate the waters of the foreclosure market and find the home you want, for the price you want and with no hidden problems. Contact Tim Shepard for more information about Destin foreclosure real estate
DISCLAIMER: Information Deemed Reliable but not guaranteed. 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.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2019, All rights reserved.
Listing information last updated on November 13th, 2019 at 12:30pm CST.