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.

Destin Foreclosures

All Listings Under $100,000 $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 $900,000 - $1,000,000 Over $1,000,000

159 Search Results Found. Showing Results 1 - 15.

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MLS# 514112

MLS #: 514112 DESTINY BY THE SEA Destin
Price: $8,900,000 Bedrooms: 7 Bathrooms: 7 Square Ft.:
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Office: re/max southern realty

MLS# 541237

MLS #: 541237 BURNT PINE Sandestin
Price: $2,950,000 Bedrooms: 5 Bathrooms: 7 Square Ft.:
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Office: pelican real estate

MLS# 523300

MLS #: 523300 PINE VALLEY AT SANDESTIN Miramar Beach
Price: $1,880,000 Bedrooms: 6 Bathrooms: 6 Square Ft.:
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Office: sandestin real estate

MLS# 539731

MLS #: 539731 KELLYS 1ST ADDN Destin
Price: $1,475,000 Bedrooms: 3 Bathrooms: 4 Square Ft.:
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Office: beach properties of florida llc

MLS# 520035

MLS #: 520035 ISLAND ESTATES Miramar Beach
Price: $1,449,000 Bedrooms: 3 Bathrooms: 4 Square Ft.:
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Office: sandestin real estate

MLS# 534455

MLS #: 534455 SANTA ROSA PLANTATION Santa Rosa Beach
Price: $1,195,000 Bedrooms: 3 Bathrooms: 3 Square Ft.:
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Office: newman dailey resort properties inc

MLS# 544500

MLS #: 544500 HOLIDAY SHORES ESTATES 1ST ADDN Destin
Price: $1,075,000 Bedrooms: 6 Bathrooms: 6 Square Ft.:
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Office: keller williams realty emerald coast

MLS# 538890

MLS #: 538890 GULF PINES Miramar Beach
Price: $1,030,000 Bedrooms: 4 Bathrooms: 4 Square Ft.:
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Office: re/max southern realty

MLS# 530173

MLS #: 530173 BELLA VITA Santa Rosa Beach
Price: $950,000 Bedrooms: 3 Bathrooms: 4 Square Ft.:
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Office: re/max southern realty

MLS# 541179

MLS #: 541179 WATERSOUND BRIDGES Santa Rosa Beach
Price: $919,950 Bedrooms: 6 Bathrooms: 7 Square Ft.:
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Office: white sands resort realty inc

MLS# 536573

MLS #: 536573 MORENO ACRES S/D Destin
Price: $899,000 Bedrooms: 2 Bathrooms: 2 Square Ft.:
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Office: destin real estate company

MLS# 524906

MLS #: 524906 SANCTUARY AT REDFISH Santa Rosa Beach
Price: $899,000 Bedrooms: 3 Bathrooms: 4 Square Ft.:
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Office: davis properties of nw fl

MLS# 541283

MLS #: 541283 DELOS PH 1 Miramar Beach
Price: $849,900 Bedrooms: 4 Bathrooms: 4 Square Ft.:
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Office: finn realty inc

MLS# 525336

MLS #: 525336 DUNES OF SEAGROVE Santa Rosa Beach
Price: $799,000 Bedrooms: 2 Bathrooms: 3 Square Ft.:
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Office: resortquest real estate of florida llc

MLS# 541868

MLS #: 541868 REGATTA BAY PH 1 Destin
Price: $774,900 Bedrooms: 4 Bathrooms: 5 Square Ft.:
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Office: re/max southern realty - fwb
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All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2010, All rights reserved.

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. Find out more by contacting Tim Shepard, your Destin Realtor®.

Contact Tim Shepard for more information about Destin foreclosure real estate