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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
$500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000
$800,000 - $900,000 $900,000 - $1,000,000 Over $1,000,000
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Photo of Listing #779639

1669 Driftwood Point Rd, SANTA ROSA BEACH, FL - $970,000

Detached Single Family
  • 4 Beds
  • 4 Baths
  • 4,086 SQFT
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Reo/foreclosure. Approx. 103' Bayfront Water Frontage. Beautiful Views! Boat Dock And Boat Lift Already Installed. Experience The Peaceful Views Of The Choctawhatchee Bay. Peaceful Living In A Small, Gated Community, So Close To Restaurants, ...

123 Kimberly Ann Dr, SANTA ROSA BEACH, FL - $259,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,536 SQFT
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Reo - Come See This Lovely 3 Bedroom 2 Bath Florida Cottage With A Detached 2 Car Garage On A Quiet Street In Santa Rosa Beach. You Will Just Love The Floor Plan In This Spacious And Inviting Home. The Home Has Just Been Updated With Freshl Paint...

1653 W Hwy 3111 30-a, SANTA ROSA BEACH, FL - $763,900

Condominiums
  • 3 Beds
  • 4 Baths
  • 2,857 SQFT
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Real Estate Owned Reo This Unit Is One Of Only 64 Residents In This Gated Community Located On 14 Acres On The East Side Of Big Red Fish Lake In The Blue Mountain Beach Area. This Top Floor Penthouse Unit Is Conveniently Located Between Seaside & ...

10005 Calle De Palencia, NAVARRE, FL - $274,900

Detached Single Family
  • 4 Beds
  • 3 Baths
  • 2,347 SQFT
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Freshly Painted Interior! Plenty Of Space And Wonderful Architectural Features Abound Here. Large Kitchen With Breakfast Nook, Formal Dining Room, 2 Living Areas That Have A Double Sided Fireplace Facing Both The Formal Living Room And The Family ...

1664 Woodlawn Way, GULF BREEZE, FL - $379,900

Detached Single Family
  • 4 Beds
  • 3 Baths
  • 3,002 SQFT
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Move In Ready!!!this Spacious 4/3 Home Offers An Open Floor Plan, Great Curb Appeal, Over Sized Kitchen With Lots Of Storage, Granite Counter Tops, Maple Cabinets, Eat In Kitchen, Breakfast Bar, Large Windows Allows Natural Lights Throughout, Fren...

Photo of Listing #776785

126 S Shore Dr 55, MIRAMAR BEACH, FL - $229,300

Attached Single Unit
  • 3 Beds
  • 3 Baths
  • 1,736 SQFT
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If You Are Looking For Location, Convenience, And To Be In The Heart Of Mirimar Beach - San Destin - Destin, Then You Have Found It With This Reo Townhome. Located In The Popular Bon Villas Subdivision Just Behind Silver Sands Outlet, This Large S...

Photo of Listing #776338

1574 Nighthawk Ln, GULF BREEZE, FL - $289,900

Detached Single Family
  • 4 Beds
  • 3 Baths
  • 2,545 SQFT
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(reo) Location Location Location! This Beautiful Brick Home Is Located In The Heart Of Gulf Breeze Just Minutes From Everything. Home Features A Spacious 4 Bed 3 Bath Split Floor Plan With Vaulted Ceilings In The Main Living Area. Home Comes Mostl...

Photo of Listing #771202

7938 Lola Cir, NAVARRE, FL - $214,900

Detached Single Family
  • 4 Beds
  • 2 Baths
  • 2,540 SQFT
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Great 4 Bedroom Ranch In Villa Danielle. Open Floorplan With Dining And Office. Large Kitchen With Island. Large Master With Separate Shower And Dual Sinks. Community Doc Access.

Photo of Listing #745572

1837 Tuscana Place, MIRAMAR BEACH, FL - $685,000

Attached Single Unit
  • 2 Beds
  • 3 Baths
  • 2,706 SQFT
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Possible Seller Financing Up To 100%.. Subject To Buyer Approval. Italian Style Design Is Dressed In Regional Architectural Elements Such As A Tile Roof, Turrets, Stone Work, Exposed Rafters, And Beams. The Interior Is Equally As Enchanting With...

Photo of Listing #744531

143 Hewett Point Rd, SANTA ROSA BEACH, FL - $1,670,000

Detached Single Family
  • 5 Beds
  • 5 Baths
  • 6,227 SQFT
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**price Just Sharply Reduced**bank-owned** This Beautiful Property Includes An Elegant 3-story Main Home, Which Combines Gracious Traditional And Southern Design Elements With Comfort And Convenience; A 3-car Garage With Carriage Home; And A Large...

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, Copyright2017, All rights reserved.

Listing information last updated on July 21st, 2017 at 5:30am CDT.