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Foreclosures in Destin, Miramar Beach, Santa Rosa Beach, and 30a Florida

Foreclosures in Destin, Miramar Beach, Sandestin, and 30a are a way for buyers to take advantage of below-market prices. Foreclosures are typically priced to sell but many times will not be in perfect condition. If you are willing to buy real estate that does not turn key and needs minor to major work, a foreclosure may be right for you. If not, there are other affordable homes for sale on the market.

What to expect with a foreclosure

All foreclosures are not going to be in poor condition but many will be. When you see a foreclosure property in Destin, Miramar Beach, Sandestin, and 30a that is priced low you need to be prepared to make an offer quickly. Typically the bank prices distressed and foreclosed properties below market value to attract attention very fast.

It is a very common situation to have multiple offers of foreclosures. To avoid this situation be ready to buy when you find a good deal. You will need a pre-approval letter from the bank for financing or proof of funds for paying cash.

All area foreclosures and short sales February 3, 2023
10
Listed
42
Avg. DOM
$256.65
Avg. $ / Sq.Ft.
$325,950
Med. List Price
10 Properties
$795,000
Neighborhood: Eastern Lake Estates
3
Beds
3
Baths
2,424
Sq.Ft.
2000
Year Built
3
Days on Site
916126
MLS
If you are looking for location, location, location, this is it. Walk to the beach and public park with a boat ramp. Home has a great floor plan and sits on one of the largest a lots in the...
$451,150
Neighborhood: Magnolia Plantation At Bluewater Bay
3
Beds
2
Baths
1,892
Sq.Ft.
2003
Year Built
10
Days on Site
915649
MLS
REO. Located in Magnolia Plantation, a Gated Community, this all Brick home has 3 Spacious Bedrooms with a Split Floor Plan. Vaulted Ceilings in the Huge Living Area with Built ins and a Gas...
$359,900
Neighborhood: Spring Lake #2
4
Beds
2
Baths
2,221
Sq.Ft.
1980
Year Built
18
Days on Site
915164
MLS
Right in the heart of Destin, this all brick 4 bedroom 2 bath REO home is one to see. Built in 1980, this split bedroom design home has sunken living room with wood burning fireplace, large kitchen,...
3
Beds
2
Baths
1,788
Sq.Ft.
2002
Year Built
18
Days on Site
915168
MLS
This diamond in the rough REO resides in South Crestview and is close to schools, shopping, interstate and bases. Built in the early 2000's this brick front, vinyl sided home has 3 bedrooms and 2...
Open 2/4
8054 Gulf Boulevard Navarre,  FL 32566
$1,200,000
Neighborhood: Navarre Beach Residential
2
Beds
2F11/2
Baths
1,526
Sq.Ft.
2002
Year Built
28
Days on Site
914490
MLS
'Moneymaker' Unique Navarre Beach home with GREAT GULF VIEWS! Located directly across the street from the Gulf of Mexico, this home has incredible water views from every room! And it has 2 decks that...
Open 2/5
1325 Greendale Avenue #3 Fort Walton Beach,  FL 32547
$199,900
Neighborhood: Brownsville Station 3
2
Beds
1F11/2
Baths
1,006
Sq.Ft.
1989
Year Built
29
Days on Site
914414
MLS
OPEN HOUSE SUNDAY FEBRUARY 5TH, 1:00 TO 3:00PM...Great townhome for Buyers or Investors. Great location as just minutes to Hurlburt Field and Eglin AFB. This townhome has 2 large bedrooms and one...
$180,500
Neighborhood: None/Na
3
Beds
2
Baths
1,414
Sq.Ft.
1975
Year Built
39
Days on Site
906725
MLS
Resting on over 1 acre and a quick drive from Crestview this all brick 3 bedroom 2 bath REO home is one to see. Home has metal roof, detached carport and fenced back yard. Built in 1975, you will...
$260,000
Neighborhood: Falcon Estates Ph 5
3
Beds
2F11/2
Baths
1,537
Sq.Ft.
1995
Year Built
66
Days on Site
912720
MLS
Built in 1996, this 3 bedroom 2 and 1/2 bath REO home has an attached 2 car garage, brick and vinyl siding, and a partially fenced back yard. Living room has high cathedral ceilings, fireplace and...
$292,000
Neighborhood: Stillwell South
5
Beds
2F11/2
Baths
1,962
Sq.Ft.
2018
Year Built
94
Days on Site
911212
MLS
Property to be sold AS IS. Buyer to verify all pertinent information such as lot dimensions and square footage.
$519,900
Neighborhood: Lake Lorraine Estates
4
Beds
2
Baths
1,904
Sq.Ft.
1973
Year Built
121
Days on Site
909551
MLS
REO. Nicely Renovated! FRESHLY PAINTED, NEW FLOORING, NEW APPLIANCES, NEW GRANITE, NEW POOL LINER and MORE! Ranch Style home sits on a corner lot on a cul-de-sac in Lake Lorraine Estates! This...

Find a foreclosure realtor

Start working with a Destin area Realtor now and be educated on the real estate market. Danny Margagliano has negotiated dozens of short sales and foreclosures with numerous different banks. If you’re looking for the highest qualified real estate agent look no further. Danny Margagliano is also a Certified Distressed Property Expert. His extensive training will give you the peace of mind knowing that you’re in good hands.

What to do with multiple offers on a home?

When a foreclosure property gets multiple offers the bank will typically ask all parties or potential buys involved to submit a “best and final” offer. This is not a bidding war but one last chance to change your offer price. When this happens most of the time the final price will be over the original list price but still be under market value. The bank that owns the foreclosed real estate will review all of the offers and take the most attractive.

Best way to get a deal on a foreclosure

Cash offers on foreclosures will be more favorable to banks than those that are financed. Once an offer is accepted by the bank closing will typically be within 30 days. For more information on Miramar Beach, Sandestin, and 30a foreclosures call Danny Margagliano at 850-830-4747.