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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 $700,000 - $800,000 $800,000 - $900,000
Over $1,000,000
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Photo of Listing #765645

10069 Calle De Palencia Dr, NAVARRE, FL - $320,000

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 2,219 SQFT
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Welcome Home To This Beautifully Renovated 3 Bd / 2 Ba Home In Castler. The All Brick Home Offers Fresh Interior Paint Through Out. New Tile Has Been Added From The Enteryway To The Baths To The Kitchen. The Kitchen Offers Granite Counter Tops,...

50 Surf Song Ln Unit C-507, MIRAMAR BEACH, FL - $1,250,000

Condominiums
  • 3 Beds
  • 4 Baths
  • 3,283 SQFT
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Penthouse Unit At The Mediterranea Of Destin - Reo Property.the View Is Breathtaking From Inside Or Standing On The Balcony. Situated In The Center Of The Complex Gives This Unit A Perfect View Of The Pool, Jacuzzi, White Sandy Beaches & The Beaut...

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...

87 Bullard Rd, SANTA ROSA BEACH, FL - $1,750,000

Detached Single Family
  • 5 Beds
  • 6 Baths
  • 3,600 SQFT
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''the Crown Jewel'' Is Renowned For Being The Most Attractive Part Of A Collection--this Home Is Worthy Of That High Honor. As You Ascend Each Level Of This Totally Re-imagined Home, The Views Will Captivate You--87 Bullard Road Was Built On One O...

Photo of Listing #762839

18 Spyglass Dr, MIRAMAR BEACH, FL - $850,000

Detached Single Family
  • 4 Beds
  • 4 Baths
  • 4,520 SQFT
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Price Reduced **** A Fantastic Income Producing Vacation Rental Investment Or Just A Beautiful Place To Call Your Second Home. Great Gulf Views From The 2nd And 3rd Floors And An Easy Walk From Private Beach Access! Beautiful 3 Story Mediterranean...

Photo of Listing #761065

2498 Bungalo Ln, MIRAMAR BEACH, FL - $349,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,500 SQFT
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Florida Cottage Located In The Bungalos At Sandestin. This Cottage Has 10' Ceilings, Granite In The Kitchen And A Screened Porch. Carpet Has Been Replaced In The Bedrooms And The Stone Flooring Has Just Been Professionally Cleaned. House Built ...

Photo of Listing #760042

382 Golfview Dr, MIRAMAR BEACH, FL - $648,000

Detached Single Family
  • 4 Beds
  • 4 Baths
  • 3,678 SQFT
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What A Wonderful Find! Take A Look At This Beautiful 4 Bedroom 3.5 Bathroom Home With Your Own Private In Ground Swimming Pool. This Home Features Travertine Tile, Gourmet Kitchen, A Huge Master Bedroom, And A Gorgeous Master Bath. This Home I...

Photo of Listing #757712

9500 Grand Sandestin Blvd 2206, SANDESTIN, FL - $174,900

Condominiums
  • 1 Bed
  • 2 Bath
  • 821 SQFT
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Reo. More Views From The Largest Balcony On The Second Level And Style Than You Would Expect To Find In Any One Bedroom Condominium. Located In The Elegant Grand Sandestin Adjacent To The State Of The Art Conference Center And The Village Of Bayto...

7063 Shellfish Ct, NAVARRE, FL - $489,900

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...

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 December 10th, 2016 at 4:15pm CST.