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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 $200,000 - $300,000 $300,000 - $400,000
$400,000 - $500,000 $700,000 - $800,000 $800,000 - $900,000
$900,000 - $1,000,000 Over $1,000,000
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215 Sand Oaks Cir, SANTA ROSA BEACH, FL - $765,000

Detached Single Family
  • 4 Beds
  • 5 Baths
  • 2,730 SQFT
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Reo. What An Opportunity To Own On The Eclectic 30a! This 4 Bedroom 4.5 Bath Home Is The Perfect Vacation Rental Or Primary/second Home You've Been Looking For. This Home Offers Gulf Views From The Second And Third Floors, 10 Ft Ceilings, Privat...

66 Pointe Cir, SANTA ROSA BEACH, FL - $494,900

Detached Single Family
  • 3 Beds
  • 4 Baths
  • 2,521 SQFT
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So Many Possibilities For This 3 Bedroom, 3.5 Bath Reo Home In Gated Calypso Pointe. The Community Is So Close To The Beach And All The Area Has To Offer. The Home Has Hardwood Floors As Well As A Wood Burning Fireplace, Decks, Built In Book Cases...

Photo of Listing #839728

12 Spyglass Dr, MIRAMAR BEACH, FL - $919,900

Detached Single Family
  • 5 Beds
  • 4 Baths
  • 3,608 SQFT
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Remodel Just Completed On This Beautiful Beach House Just Steps To The Gulf! House Sits On One Of The Highest Elevations In Miramar Bch. 1st Floor Features 1 Bedroom, Full Bath, Entertainment Space/ Wet Bar. Step Onto Your Fully Fenced Private Hea...

Photo of Listing #838014

66 Pin Oak Lp, SANTA ROSA BEACH, FL - $319,900

Detached Single Family
  • 3 Beds
  • 3 Baths
  • 2,198 SQFT
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**reo Property** Buyer Backed Out At Last Minute. This 4 Bedroom 2.5 Bath Home Is Located In Driftwood Estates. It Is The ''grace'' 2-story Dr Horton Floor Plan. Home Is In Good Condition And Has Hardwood Floors In Main Living Areas With Tile F...

Photo of Listing #837640

19 Sea Winds Dr, SANTA ROSA BEACH, FL - $893,000

Detached Single Family
  • 6 Beds
  • 7 Baths
  • 3,435 SQFT
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Real Estate Owned Reo. A Legacy Beach Home Rare Opportunity On A Corner Lot! Gated Community Incredible Price On This Beautiful 6 Bedroom, 6 Bath -- Island Style-- Home, Overlooking The Gulf Of Mexico, Santa Rosa Beach Club, And The Santa Rosa Go...

Photo of Listing #836995

174 S Zander Way, SANTA ROSA BEACH, FL - $289,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,397 SQFT
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What A Fantastic 3 Bedroom, 2 Bath Reo Home In The Quaint Neighborhood Of Church Street Village! This Home Has A Brand New Range, New Carpet And A New Hvac System, And Fresh Paint, Inside And Out! To Help Visualize This Home's Floorplan And To Hig...

Photo of Listing #834061

40 Corte Bambu Unit 117-a, SANTA ROSA BEACH, FL - $298,000

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Attached Single Unit
  • 3 Beds
  • 3 Baths
  • 1,902 SQFT
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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...

Photo of Listing #826701

420 Bayshore Dr B, MIRAMAR BEACH, FL - $1,100,000

Detached Single Family
  • 4 Beds
  • 4 Baths
  • 5,215 SQFT
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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...

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, Copyright2020, All rights reserved.

Listing information last updated on April 8th, 2020 at 1:45pm CDT.