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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
$300,000 - $400,000 $400,000 - $500,000 $500,000 - $600,000
$600,000 - $700,000 Over $1,000,000
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Photo of Listing #753616

157 Baird Rd, SANTA ROSA BEACH, FL - $479,800

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 #753522

139 Central 7th St, SANTA ROSA BEACH, FL - $145,500

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,450 SQFT
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Reo/foreclosure. One Level House Located In The Peaceful Old Santa Rosa Beach Area. New Hvac System, New Side Door, Roof Has Been Repaired And Old Carpet And Padding Has Been Removed. Close To The Bay. Convenient To Local Shopping, Restaurants ...

Photo of Listing #753437

331 Robert Ellis St, SANTA ROSA BEACH, FL - $265,000

Detached Single Family
  • 3 Beds
  • 4 Baths
  • 1,848 SQFT
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Sitting In The Heart Of Seagrove, This 4 Bedroom, 3 Bath Home Sits In A Quiet, Secluded Neighbor Just Blocks To The Beach. The Home Is Tucked Away But Still Close To The Beach, Restaurants, And Shops. The Home Features Hardwood Floors, A Sitting...

Photo of Listing #753463

2499 Crescent Rd, NAVARRE, FL - $243,800

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 ...

Photo of Listing #753368

2401 Amberjack Ct, NAVARRE, FL - $219,900

Detached Single Family
  • 4 Beds
  • 2 Baths
  • 1,950 SQFT
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Reo. This Beautiful Home Is Spacious From The Front To The Back. All Brick Home With 4 Bedrooms, 2 Baths. Freshly Painted And New Carpet Throughout! You Won't Believe The Size Of The Great Room! The Huge Kitchen Provides Lots Of Space To Sociali...

483 W Linkside Place, MIRAMAR BEACH, FL - $339,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,934 SQFT
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A Beautiful Lakefront 3 Bedroom, 3 Bath Residence In Linkside Village Located Within The Prestigious Sandestin Golf & Beach Resort Interior Features Include Tiled Flooring In The Kitchen, Breakfast Area, Laundry And Baths, New Carpeting, Fresh P...

3768 E Co Highway 30-a Unit 604, SANTA ROSA BEACH, FL - $458,000

Condominiums
  • 2 Beds
  • 2 Baths
  • 1,000 SQFT
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Reo - Great 6th Floor 2/2 Condo With Stunning Gulf Views!! The Unit Has A Split Floor Plan With The Additional Bedroom And Bath Near The Front Entry And The Master Bedroom, Living Areas Overlooking The Gorgeous Sugar White Beaches Just Outside Of...

102 Winston Manor Rd, SANTA ROSA BEACH, FL - $129,000

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,126 SQFT
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Bank Owned Home Just North Of Hwy 98 In Santa Rosa Beach! 3 Bedroom 2 Bath 1 Car Garage That Sits On Large Corner Lot."this Property Is Lender Owned, Being Sold "as-is" And Us Bank Is Making No Representations Or Warranties."

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 - $1,150,000

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 & ...

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 30th, 2016 at 1:30am CDT.