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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 $100,000 - $200,000 $200,000 - $300,000
$400,000 - $500,000 $500,000 - $600,000 $600,000 - $700,000
$900,000 - $1,000,000 Over $1,000,000
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Photo of Listing #753031

9558 Pouder Ln, NAVARRE, FL - $199,900

Detached Single Family
  • 4 Beds
  • 2 Baths
  • 2,181 SQFT
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Reo. Price Reduced, Being Sold As Is. Great Opportunity To Get Into This Community.

547 Augusta Dr Unit 11702, MIRAMAR BEACH, FL - $239,900

Condominiums
  • 2 Beds
  • 2 Baths
  • 1,276 SQFT
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This Is A Totally Renovated Condo In Sandestin. It Is A Single Detached Unit. It Has A Large Back Yard. The Screened In Porch Is Great To Sit Andenjoy Nature Of The Area. It In A Very Desirable Complex Of Gated Sandestin. It Has Been Newly Pa...

Photo of Listing #741193

8833 Waynell Ct, NAVARRE, FL - $129,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 2,152 SQFT
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Spacious Home W/ Lots Of Potential... This 3 Bd / 2 Ba Home Offers Tons Of Living Space. There Is A Formal Living Area Plus Den W/ Fireplace & Vaulted Ceiling. The Eat-in Kitchen Features Breakfast Bar. There Is Also An Extra Room Perfect For A...

10069 Calle De Palencia, NAVARRE, FL - $234,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 2,219 SQFT
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Reo ~ Spacious Home W/ Pool! This 3 Bd / 2 Ba Home Is Situated In The Castelar Neighborhood & Offers Plenty Of Space. The Tiled Foyer Leads You Straight To The Over Sized Living Room With Fireplace & Offers Views Of The Pool With New Line And Eq...

220 N Driftwood Bay 40c, MIRAMAR BEACH, FL - $185,000

Condominiums
  • 3 Beds
  • 2 Baths
  • 1,285 SQFT
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Reo...3 Bedroom / 2 Bath Foreclosure In Seascape Resort. This Second Floor Unit Has Great Potential As A Second Home Or Investment Property. The Water Heater And Both Toilets Have Been Replaced. Located Near The Tennis Pro Shop And Directly Acro...

9780 Parker Lake Cir, NAVARRE, FL - $227,500

Detached Single Family
  • 4 Beds
  • 3 Baths
  • 2,130 SQFT
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Reo. Freshly Painted Interior! New Flooring! Great Flooplan With 4 Bedrooms And 3 Baths. Spacious Great Room, Formal Dining Area And Breakfast Nook Off Kitchen. Ceramic Tile Has Been Layed In All Wet Areas, Great Room, And Dining Room. Nice Ba...

Photo of Listing #753616

157 Baird Rd, SANTA ROSA BEACH, FL - $449,900

Detached Single Family
  • 3 Beds
  • 4 Baths
  • 2,250 SQFT
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Reo - Beautiful One Of A Kind Three Story 3/3.5 Beach Home Tucked Into A Unique Natural Forest Setting. This Great Home Has Wrap Around Decks On All 3 Levels With An Expansive Rear Deck On The First Floor. The Home Has Lots Of Custom Touches I...

Photo of Listing #753463

2499 Crescent Rd, NAVARRE, FL - $232,000

Detached Single Family
  • 4 Beds
  • 3 Baths
  • 2,369 SQFT
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Bank Owned Property. All-brick Wonder Located In Holley By The Sea! With A Bit Of Tlc, This Home Can Be Wonderful. Home Features 2,369 Square Feet Of Living Space, Four Bedrooms, Three Full Bathrooms, And A Large Backyard. Kitchen Offers A Lot Of ...

7063 Shellfish Ct, NAVARRE, FL - $499,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 2,182 SQFT
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* Possible Seller Financing To Qualified Buyers, Subject To Buyer Approval * This Remodeled Waterfront Is Ready To Make Your Dream Of Waterfront Living A Reality. The Home Has Been Redesigned To Have A Fantastic Open-concept, Split Bedroom Floor...

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 - $999,900

Detached Single Family
  • 4 Beds
  • 5 Baths
  • 5,052 SQFT
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Reo...luxury Home That Does Need Some Minor Cosmetic Work And Is Priced Accordingly. With A Some Paint And A Litle Tlc, This Home Will Provide A Great Family Home And Entertaining Space. Home Has Two Fireplaces And Lots Of Storage. The Third Gara...

2989 Bay Villa Ct, SANDESTIN, FL - $2,335,000

Detached Single Family
  • 5 Beds
  • 7 Baths
  • 6,407 SQFT
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Price Reduced For Quick Sale On This Reo Custom Designed Home In Burnt Pine. Exterior Features Include Stucco Walls With Custom Faux Finish, Clay-tile Roofing, Cooper Gutters And Wrought Iron Fixtures. The Details In This Home Are At Every Turn. R...

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 July 23rd, 2016 at 7:45pm CDT.