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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 $900,000 - $1,000,000 Over $1,000,000
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Photo of Listing #801133

1457 E Nursery Rd, SANTA ROSA BEACH, FL - $1,180,000

Detached Single Family
  • 4 Beds
  • 4 Baths
  • 3,184 SQFT
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This Unique 3184 Square Foot Home With A First Floor Secured Living Area Includes Closet, Chefs Kitchen, Bathroom, Great Room And Bar With Bay Views, Bed Room With Private Entrance And Is Being Used As An Office. The Second Floor Cathedral Ceilin...

126 S Shore Dr 34, DESTIN, FL - $239,900

Attached Single Unit
  • 3 Beds
  • 2 Baths
  • 1,655 SQFT
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This Reo Property Is One To See! Built In 1998 And Located In The Popular Bon Villa's Subdivision This Large Townhome Is Walking Distance To Outlet Mall Shopping And Beaches! Just Under 1700sf, This 3 Bedroom 2 Bath Townhome Has Master Bedroom On ...

4192 E Co Highway 30-a B, SANTA ROSA BEACH, FL - $999,000

Attached Single Unit
  • 5 Beds
  • 5 Baths
  • 3,177 SQFT
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Don't Miss This Amazing Opportunity To Own This 5br/5ba, 3,177sf Townhome Only Steps To The Beach. Located In Seagrove On The South Side Of 30a This Townhome Has Deeded Beach Access & Would Make A Great Vacation Rental. The 1st Floor Features A Li...

12 Spyglass Dr, MIRAMAR BEACH, FL - $969,000

Detached Single Family
  • 5 Beds
  • 4 Baths
  • 3,608 SQFT
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Reo ~ It Is All About The View From All Three Floors & The Rooftop Deck! This 5 Bedroom / 4 Bath Beach Home Is Situated In Miramar Beach Offering A Perfect Location To Both Destin & Sandestin. The Main Living Of The Home Is On The 2nd Floor & Fe...

1440 Paradise Point Dr Unit 9, NAVARRE, FL - $369,900

Attached Single Unit
  • 3 Beds
  • 4 Baths
  • 1,800 SQFT
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** Location, Location, Location!!! ** Stunning Views From All 3 Floors!!! Spacious Soundfront Unit At Paradise Point Which Features Tropical Landscaping, A Beautiful Pool Area And A Fishing Pier. This Freshly Painted Unit Features A Spacious Gre...

8549 Bay River Rd, NAVARRE, FL - $239,500

Detached Single Family
  • 4 Beds
  • 4 Baths
  • 2,710 SQFT
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Huge, Sprawling Home On Nearly 1.25 Acres In East Bay River Estates. Room For Horses! Sparkling In Ground Pool With Large Pool House Equipped With Its Own Bath. All Tile And Beautiful Wood Laminate Floors. Spacious Kitchen With Breakfast Bar, T...

104 Crest Dr, MIRAMAR BEACH, FL - $325,000

Detached Single Family
  • 4 Beds
  • 4 Baths
  • 3,718 SQFT
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Opportunity For Bay View Home. Across Street From Legion Park With Water Access In Park. Fixer Upper Home With Beautiful Wood Flooring. Bank Owned Property Being Sold As Is. House Has Soaring Great Room With Wood Ceiling. Kitchen Overlooks Great R...

Photo of Listing #796959

2707 Pebble Beach Dr, NAVARRE, FL - $369,900

Detached Single Family
  • 4 Beds
  • 2 Baths
  • 2,249 SQFT
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Here's Your Opportunity To Own This Gorgeous 4 Bedroom, 2 Bath Home On The 16th Fairway At Hidden Creek Golf Course In Holley-by-the-sea! Sparkling, Enclosed In Ground Swimming Pool With A Sunny, Sun Room & Patio Prefect For Entertaining Family & ...

Photo of Listing #541237

2989 Bay Villa Ct, SANDESTIN, FL - $2,200,000

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...

Photo of Listing #571054

8057 Gulf Blvd, NAVARRE, FL - $1,250,000

Detached Single Family
  • 3 Beds
  • 3 Baths
  • 1,716 SQFT
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This Is An Reo. Bank Financing Available. This Is One Of The Most Affordable And Pleasant Gulf Front Homes On The Market And Is The Quintessential Site For The Laid Back Florida Lifestyle. The House Is Laid Out All In One Level With Parking And Ad...

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, Copyright2018, All rights reserved.

Listing information last updated on June 18th, 2018 at 7:45pm CDT.