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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 $900,000 - $1,000,000
Over $1,000,000
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Photo of Listing #791637

241 Via Largo Unit 37-b, SANTA ROSA BEACH, FL - $198,000

Attached Single Unit
  • 2 Beds
  • 2 Baths
  • 1,588 SQFT
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With A Little Love, This 2 Bedroom, 2 Bath Reo With A Bonus Loft Would Be A Fantastic Year Round Residence Or Great Investment Opportunity! The Home Features A Bedroom And Full Bath On The First Floor, Pitched Ceiling, Private Back Screen Porch An...

126 S Shore Dr 34, DESTIN, FL - $249,900

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 ...

82 Red Bay Ct, SANTA ROSA BEACH, FL - $279,000

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 2,112 SQFT
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Make This Move-in Ready Property Your New Home. Many Updates Including Freshly Painted Walls, New Flooring And New Hvac. Formal Living And Dining Area As Well As Dining Nook In Kitchen And Family Room With Fireplace. Enjoy The Outdoors On Your Coz...

109 Seabreeze Cir, PANAMA CITY BEACH, FL - $400,000

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,725 SQFT
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Reo.just A Block From The Emerald Green Waters Of The Gulf Of Mexico Is A Florida Cottage Style Home Complete With A Metal Roof, Inground Pool, Attached Garage And Large Lot With Great Natural Landscaping. Home Is Located In Seabreeze Subdivision ...

Photo of Listing #788518

2128 River Birch Rd, GULF BREEZE, FL - $274,000

Detached Single Family
  • 3 Beds
  • 3 Baths
  • 2,247 SQFT
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Very Unique 3 Bedroom, 2 1/2 Bath Brick Home Nestled On Almost An Acre Of Gorgeous Property! This Home Features A Split Floor Plan ** Foyer ** Cozy Fireplace ** Open Kitchen With Large Pantry And Breakfast Bar ** Brick Floors ** Large Master Bath ...

Photo of Listing #787103

15 Onyx Cove, MIRAMAR BEACH, FL - $429,900

Detached Single Family
  • 3 Beds
  • 3 Baths
  • 1,639 SQFT
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Reo ~ Florida Beach Cottage In Emerald Shores Is Move In Ready! The Home Offers 3 Bedrooms & 3 Baths With Brand New Carpet In All The Bedrooms. The Entire Interior & Exterior Has Fresh Paint. The Kitchen Has New Granite Counter Tops & Stainless...

Photo of Listing #786591

6960 Flintwood St, NAVARRE, FL - $229,900

Detached Single Family
  • 4 Beds
  • 2 Baths
  • 1,783 SQFT
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Freshly Painted, New Flooring Throughout, New Stainless Appliances, New Light Fixtures Inside And Out, New Faucets, New Sinks And More!!!! This 4 Bedroom 2 Bath All Brick Home On 1/2 Acre Lot In Holley By The Sea Offers A Spacious Great Room With...

Photo of Listing #785501

4 Gilmore Dr, GULF BREEZE, FL - $164,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,313 SQFT
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This Is An Reo Property. Unique And Rare Opportunity To Own A Home And Land In Gulf Breeze Proper, For This Price. This Property Is A Diamond In The Rough And Will Require Some Tlc Before It Is Quite ''move In Ready.'' However, This Location Canno...

1664 Woodlawn Way, GULF BREEZE, FL - $439,900

Detached Single Family
  • 4 Beds
  • 3 Baths
  • 3,002 SQFT
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Spacious 4/3 With Plenty Of Storage! This Home Has Over 3,000 Sq. Ft. And Includes A Separate Office/study, Formal Dining Room, Eat In Kitchen, And A ''jack And Jill'' Bathroom. The Kitchen Has Black Appliances, Solid Surface Counter Tops And Tons...

Photo of Listing #783654

77 Rue Caribe Dr, MIRAMAR BEACH, FL - $480,000

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,918 SQFT
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What A Fantastic Location For This 3 Bedroom, 2 Bath Reo In Miramar Beach! The Home Is Located In The Adorable Gated Community Of Caribe. This Community Offers Pools, Beach Access And Some Of The Most Interesting And Beautiful Architectural Styles...

200 Sandestin Ln 209, MIRAMAR BEACH, FL - $117,500

Condominiums
  • 2 Beds
  • 2 Baths
  • 1,058 SQFT
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This Is A 3rd Floor Unit. A Great Investment Opportunity Or A Prime Location To Have A Condo In The Destin Area Close To The Beach From A Comparitive Point Of View. Unit Has 9 Ft Ceilings And A Large Laundry Room. All Appliances Included. This Uni...

Photo of Listing #781683

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...

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 February 19th, 2018 at 7:15am CST.