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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 $900,000 - $1,000,000 Over $1,000,000
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Photo of Listing #759850

283 Sunset 28b, MIRAMAR BEACH, FL - $124,900

Condominiums
  • 2 Beds
  • 2 Baths
  • 1,110 SQFT
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Reo...popular Resort Area With Golf Course, Tennis Courts, Beach Access And Pool. These Units Do Not Turn Over Often. Interior Needs Significant Work And Is Being Sold As Is. This Property Has 2 Hoas. Seascape Is The Master Association And Gul...

Photo of Listing #759827

2056 Shadow Lake Dr, GULF BREEZE, FL - $129,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,408 SQFT
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Brand New Roof! This Adorable Three Bedroom Two Full Bathroom Home In Gulf Breeze Would Make A Wonderful First Home. It Feels Bigger Than It's 1408sqft Due To The Vaulted Ceilings, Natural Lighting And Floor Plan. Home's Interior Features A Fresh ...

Photo of Listing #759478

5389 Fawn Ridge Dr, GULF BREEZE, FL - $119,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,464 SQFT
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Great Starter Home!! Along With Its Curb Appeal, This Adorable Home Offers Three Bedrooms Two Full Bathrooms And Over 1400sqft Of Split Floor Plan. The Interior Features Fresh Neutral Paint And New Carpet Throughout, Trey Ceilings And Modern Track...

1277 Greenview Ln, GULF BREEZE, FL - $300,000

Detached Single Family
  • 4 Beds
  • 3 Baths
  • 2,699 SQFT
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Contemporary Showstopper In Tiger Point East! This Magnificent Home Sits Along A Golf Course Community With Custom-style Homes That Are Designed To Emphasize Year-round Outdoor Leisure. Step Inside Through The Front Entrance Notice The Custom Arch...

74 Sugar Cove Rd, SANTA ROSA BEACH, FL - $304,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,923 SQFT
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Reo - Lovely 3 Bedroom 2 Bath Brick Home In A Great Neighborhood. You Will Just Love The Floor Plan In This Spacious And Inviting Home. There Is A Huge Great Room With Vaulted Ceiling, Dining Room, Eat In Kitchen. This Is A True Split Floor Plan W...

285 Payne St 1b, MIRAMAR BEACH, FL - $169,900

Condominiums
  • 2 Beds
  • 2 Baths
  • 944 SQFT
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Great Opportunity To Own A Condo In The Heart Of Miramar Beach Fl. This Unit Is Close To The Worlds Most Beautiful Beaches Of South Walton And Many Other Area Attractions. The Units In This Complex Move Fast And Do Not Come To Market Often So This...

274 Plantation Way, SANTA ROSA BEACH, FL - $193,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,236 SQFT
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What A Cute 3 Bedroom, 2 Bath Reo Home In A Private Community With A Great Location! The Home Features An Open Floor Plan With Fresh Paint, New Appliances, New Carpet And An Attached 1 Car Garage. This Home Would Be The Perfect Year Round Residen...

7980 Promise Creek Rd, NAVARRE, FL - $182,000

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,809 SQFT
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Reo This Was Originally Built By Henry Homes With A Elevation A Upgrade. The Floor Plan Is A Barrington. This Is A 3 Bed 2 Bath With A Brick Front. Granite Countertops Plus Granite Hop-up Bar And An Oversized Breakfast Island. Maple Cabinets, Stai...

Photo of Listing #757712

9500 Grand Sandestin Blvd 2206, SANDESTIN, FL - $195,500

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...

Photo of Listing #755716

9780 Parker Lake Cir, NAVARRE, FL - $210,000

Detached Single Family
  • 4 Beds
  • 3 Baths
  • 2,130 SQFT
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Reo. Freshly Painted Interior! New Flooring! Great Flooplan With 4 Bedrooms And 3 Baths. Spacious Great Room, Formal Dining Area And Breakfast Nook Off Kitchen. Ceramic Tile Has Been Layed In All Wet Areas, Great Room, And Dining Room. Nice Ba...

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 August 31st, 2016 at 4:30pm CDT.