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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
$700,000 - $800,000 $800,000 - $900,000 $900,000 - $1,000,000
Over $1,000,000
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Photo of Listing #774395

2071 Buckley Dr, NAVARRE, FL - $119,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,520 SQFT
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Reo. With A Bit Of Tlc, This Home Will Be Great. The Exterior Offers Brick Siding On The Front And Vinyl Siding On The Other Sides, As Well As A Side-entry Garage. Inside The Home There Is A Fireplace, Eat-in Kitchen, And Great Split Bedroom Floor...

Photo of Listing #774220

2279 Pawnee Dr, NAVARRE, FL - $216,000

Detached Single Family
  • 4 Beds
  • 2 Baths
  • 2,000 SQFT
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Real Estate Owned Reo. 4 Bed 2 Bath Home Built In 2011. This Location Has It All, East Side Of Navarre With Quick Access To Hwy 98, About 1 Mile East Of Navarre Bridge. Just Around The Corner From The High School, Close To Shopping And Dining. Thi...

Photo of Listing #757712

9500 Grand Sandestin Blvd 2206, SANDESTIN, FL - $162,900

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...

Photo of Listing #754140

84 Baird Rd, SANTA ROSA BEACH, FL - $480,000

Detached Single Family
  • 4 Beds
  • 3 Baths
  • 2,494 SQFT
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Live The 30a Lifestyle! This Home Sits On A Hill And Has A Lovely View Of The Gulf Of Mexico. It Has An Open Floor Plan With A Stylish Interior. It Features Granite Counter Tops, Tile Flooring, Decorative Railings, Soaring Ceilings, And More. ...

Photo of Listing #774210

372 Red Cedar Way, SANTA ROSA BEACH, FL - $1,248,900

Detached Single Family
  • 4 Beds
  • 5 Baths
  • 2,614 SQFT
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Reo ~ Tucked Away On A Quiet Street In Watercolor's Pine Ridge District, You'll Find This Charming 4 Bedroom, 4.5 Bath Home. The Florida Cottage Offers An Open Floor Plan With Spacious Kitchen With Plenty Of Cabinet Space, Large Island & Granite ...

778 Scenic Gulf Dr 116b, MIRAMAR BEACH, FL - $370,000

Condominiums
  • 2 Beds
  • 2 Baths
  • 1,360 SQFT
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Location,location,location...no Elevators Necessary To Get To This Unit! Unit B116 Is A Spacious 2 Bedroom 2 Bath Condo Offering An Open Floor Plan With Living Area, Kitchen And Huge Balcony Which Lends Itself To Accommodate Large Gatherings For F...

72 Carolyn Ln, SANTA ROSA BEACH, FL - $829,000

Detached Single Family
  • 3 Beds
  • 3 Baths
  • 2,210 SQFT
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This Completely Renovated, Bayfront Home Is A Must See! The Smartly-designed, Open Floor Plan Allows For Expansive Views Of The Choctawhatchee Bay From Almost Every Room In This Three-bedroom Haven. The Quiet, Cul De Sac Street In A Small, Uniqu...

100 6th St, SANTA ROSA BEACH, FL - $169,000

Detached Single Family
  • 2 Beds
  • 1 Baths
  • 936 SQFT
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Bank Owned, This Home Was Recently Painted And Ready To Move Into! This Cute 2 Bedroom, 1 Bath Is A Great 'starter Home'; Or, Could Be A Great Long-term Rental. Seller Is Offering $5000 'credit For Appliances' With A Full-prince Offer. Ask Abou...

Photo of Listing #772475

407 S Shore Dr, MIRAMAR BEACH, FL - $259,900

Detached Single Family
  • 3 Beds
  • 2 Baths
  • 1,989 SQFT
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What A Great Location For This 3 Bedroom, 2 Bath Reo Home In The Community Of Bayside! The Home Features An Open Floor Plan With Raised And Trayed Ceilings, A Gas Fireplace, A Seperate Dining Area As Well As An Eat In Kitchen, A 2 Car Attached Gar...

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, Copyright2017, All rights reserved.

Listing information last updated on April 30th, 2017 at 9:00pm CDT.