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Destin Foreclosures

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 Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $500,000 - $600,000
$600,000 - $700,000 Over $1,000,000
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Photo of Listing #751595

31 Bayou Breeze Ct, SANTA ROSA BEACH, FL - $234,000

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 2,265 SQFT
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You Want To See This Reo Property For Sure! Located In The Mack Bayou Area Of Santa Rosa Beach, This 2265sf Home Is Oozing With Potential. All Stucco Exterior With Privacy Fenced Back Yard, 2 Car Garage And Screened Patio Area. This Large Home Has...

Photo of Listing #738880

5002 S Sandestin South Blvd Unit 7121, MIRAMAR BEACH, FL - $587,000

Condominiums
  • 3 Beds
  • 3 Baths
  • 1,731 SQFT
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Beautiful 11th Floor Condo In Luau Ii, Eastern View Overlooking Tops'l Hill And Eastward Gulf Views! This 3 Bedroom, 3 Bath Unit Is Bank Owned, With 1 Bedroom Lockout, Unfurnished. Luau Has Covered Parking Garage, Pool And Steps To The Gulf Of M...

Photo of Listing #745056

3409 Ravenwood Ln, MIRAMAR BEACH, FL - $1,300,000

Detached Single Family
  • 4 Beds
  • 5 Baths
  • 5,052 SQFT
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Reo...luxury Home That Does Need Some Work And Prices Accordingly. With A Some Paint And A Some Tlc, This Home Provides For A Great Family Home And Entertaining Space. Home Has Two Fireplaces And Lots Of Storage. The Third Garage Bay Is Heated & ...

3202 Redwood Ln D, GULF BREEZE, FL - $49,000

Condominiums
  • 2 Beds
  • 1 Baths
  • 731 SQFT
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Easy Condo Living In Country Club Villas! This Downstairs, One Story Unit Features Two Bedrooms And One Full Bathroom, A Living/dining Room Combo That Has Warm Wood Laminate Flooring That Leads To A Kitchen With Ample Storage And Work Space, Cookt...

124 Legion Park Lp, MIRAMAR BEACH, FL - $195,000

Detached Single Family
  • 3 Beds
  • 3 Baths
  • 1,685 SQFT
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Reo - This Lovely 3 Bedroom 2.5 Bath 2 Story Home Is In The Quiet Legion Park Landing Community. The Home Has A Great Layout And Is Bright And Open. The Master Suite Is At The Rear Of The Home For Added Privacy And Has A Small Deck Overlooking Th...

234 Rendezvous Dr, SANTA ROSA BEACH, FL - $174,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,872 SQFT
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Fantastic Home Is A 3 Bedroom, 2 Bathroom In Desirable Santa Rosa Beach. The Home Sits On An Oversized, Fenced Lot With With Fantastic Bay Views. The Home Is Close To Scenic Highway 30a And South Walton Beaches. Enjoy Nearby Golf Courses, Bouti...

61 Coco Ct, MIRAMAR BEACH, FL - $155,000

Detached Single Family
  • 2 Beds
  • 2 Baths
  • 1,014 SQFT
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With A Little Love, This Cute 2 Bedroom, 2 Bath Reo Florida Cottage Would Be The Perfect Residence Or Long Term Rental! The Home Is Located In Miramar Beach On A Quiet Cul-de-sac. The Location Is Convenient To Beaches And Bay, Shopping, Restaurant...

2791 Rosemont Dr, NAVARRE, FL - $215,000

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,584 SQFT
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What A Charming 3 Bedroom, 2 Bath Reo Home On An Acre Of Private Land! The Home Features Laminate Hardwood, Tile And New Carpeted Flooring And A Wood Burning Fireplace. There Are Brand New Appliances, New Counter Tops In The Kitchen, Fresh Paint I...

1030 Scenic Gulf Dr 11c, DESTIN, FL - $174,900

Attached Single Unit
  • 1 Bed
  • 2 Bath
  • 875 SQFT
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Reo ~ Escape To The Beach! This 1 Bd + Bunk Room Is The Perfect Opportunity To Come Live At The Beach. The First Floor Offers An Open Living Area With Tile Through Out. The Master Bedroom Is On The 2nd Floor Loft Area With A Private Bath. Sea ...

9700 Grand Sandestin Blvd 4403, MIRAMAR BEACH, FL - $134,900

Condominiums
  • 1 Baths
  • 520 SQFT
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Wow - What A Deal On This Reo Studio Condo Unit Located In The Very Popular San Destin Resort Area! Just Recently Off Of The San Destin Vacation Rental Program. This Studio Style Condo Located On The 4th Floor Of The Bahia Complex In The Grand San...

Photo of Listing #749180

19 Brentwood Ln Unit 307, SANTA ROSA BEACH, FL - $274,900

Attached Single Unit
  • 2 Beds
  • 3 Baths
  • 1,400 SQFT
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This Is A Great Location For This 2 Bedroom, 2.5 Bath Reo Townhome That Features Views Of The Gulf From The Balcony! There Is An Open Kitchen With Lots Of Cabinet Space, Breakfast Bar, Built-in Desk, Built-in Wine Rack And Large Pantry. The Home H...

34 Rue Du Soleil, SANTA ROSA BEACH, FL - $540,000

Detached Single Family
  • 4 Beds
  • 2 Baths
  • 1,882 SQFT
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Wonderful Location Across From The Beach! Community Pool!!! Bank Foreclosure! Home Features A Great Floor Plan With 4 Bedrooms (1 On Main Level), Large Kitchen Overlooking The Dining/living Combo, Double Porches And More. Rue Du Soleil Is Located ...

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, Copyright2016, All rights reserved.

Listing information last updated on May 3rd, 2016 at 8:45pm CDT.