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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.

10 Properties
$1,825,000
Subdivision: Heritage Dunes
4
Beds
4F11/2
Baths
2,654
Sq.Ft.
2011
Year Built
2
Days on Site
852378
MLS
GATED COMMUNITY SOUTH of 30A. Heritage Dunes is in the heart of Seagrove Beach with 375' of dedicated private beach. There is a community pool nestled beachside under the palm trees for your...
$350,000
Subdivision: The Palms Of Destin
3
Beds
2
Baths
1,445
Sq.Ft.
2007
Year Built
6
Days on Site
852089
MLS
Short Sale. Welcome to Paradise! The Palms of Destin boasts first class amenities including a 11,000 sq ft lagoon pool with spa, lush landscaping, conference center, meeting rooms, fitness center,...
$294,900
Subdivision: Escada
2
Beds
2
Baths
1,766
Sq.Ft.
2004
Year Built
27
Days on Site
850474
MLS
Welcome to 81 Via Largo! This townhome is the largest in the neighborhood at 1,766 sq ft. This spacious unit offers two large bedrooms and an upstairs loft that would make for an excellent media room...
3
Beds
1
Baths
854
Sq.Ft.
1930
Year Built
57
Days on Site
835952
MLS
REO property in the heart of Defuniak Springs just a short drive to shopping, interstate access and schools. Home rests on a larger, nearly 1/2 acre city lot and is exposed to nearly 280sf of road...
3
Beds
2
Baths
1,920
Sq.Ft.
2007
Year Built
59
Days on Site
848060
MLS
Escape the hustle and bustle to the privacy of this 3BR/2BA REO mobile home situated on 10 acres of secluded land! The home features a covered front porch, spacious living room, eat-in kitchen with...
$164,900
Subdivision: Cherokee Heights
3
Beds
2
Baths
1,451
Sq.Ft.
2004
Year Built
100
Days on Site
845366
MLS
Back on the Market BANK APPROVED, BANK APPROVED SALE -Short Sale - This home is a 4 br 2 bath with a lot of work needed. Handyman - investor project. To bring this back to a liveable condition will...
$59,000
Subdivision: Lake Tantara
3
Beds
2
Baths
1,296
Sq.Ft.
1999
Year Built
125
Days on Site
844077
MLS
REO. Large Lot - over 6 Acres of secured property located off of Hwy 1087 in DeFuniak Springs. Want the Farm Lifestyle? You can have it! Plenty of room for Horses, Chickens, Barns etc! 3 bedroom 2...
$249,900
Subdivision: American Farms
4
Beds
2F11/2
Baths
2,148
Sq.Ft.
1988
Year Built
151
Days on Site
842187
MLS
Low maintenance custom home. Vinyl siding with cedar accents, and metal roof. This home features a huge kitchen, dining area, HVAC unit only has 14 hr, huge living room with rock wood burning...
$199,000
Subdivision: Bobolink Way
3
Beds
2
Baths
1,364
Sq.Ft.
2007
Year Built
186
Days on Site
839465
MLS
This wonderful 3 bedroom 2 bath home is located right out of crestview city limits. Only taking 12-15 minutes to get to crestview but enjoying the lovely outdoor life. This house features a very...
$89,900
Subdivision: Macy Lane Lot 5
2
Beds
2
Baths
938
Sq.Ft.
2000
Year Built
408
Days on Site
825781
MLS
***REO***ATTENTION BUILDERS OR INVESTORS!!! 2 BEDROOM 2 BATH MOBILE HOME ON .2 ACRES. USE AS A RENTAL INCOME OR BUILD YOUR OWN HOME. *****OWNER FINANCING AVAILABLE 10% DOWN 15 YR NOTE @ $807/MONTHLY...

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.