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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 September 22, 2023
9
Listed
42
Avg. DOM
$196.89
Avg. $ / Sq.Ft.
$232,900
Med. List Price
9 Properties
$305,000
Neighborhood: Morris Addn To Crestview
3
Beds
2
Baths
1,366
Sq.Ft.
2022
Year Built
8
Days on Site
932367
MLS
Built in 2023.This modern home is turn key and ready for it's new owners.Raised ceilings ceilings featured in the living room and back porch making a great area for family or a BBQ.Sitting on almost...
$167,900
Neighborhood: No Recorded Subdivision
4
Beds
2
Baths
1,552
Sq.Ft.
1959
Year Built
8
Days on Site
932442
MLS
Priced to sell! Take a look today at this recently updated home - convenient central location, close to Tyndall, close to Hwy 231, gas stations and grocery stores! This 4-bedroom, 2 bath home...
$457,600
Neighborhood: Diamond Lakes
3
Beds
2
Baths
1,756
Sq.Ft.
2006
Year Built
9
Days on Site
932282
MLS
Beautiful home in Diamond Lakes! Cozy entry foyer! Vaulted ceilings in main areas! Kitchen features SS appliances, stained cabinetry with TONS of storage space and counter space, and view to living...
$175,000
Neighborhood: Garden Oaks
2
Beds
2
Baths
1,168
Sq.Ft.
1985
Year Built
12
Days on Site
932006
MLS
One could easily call this REO condo located in Bluewater Bay a hidden gem but you will just have to see this 1st floor unit to believe. Home is 2 bedrooms and 2 full baths. Tile can be found in the...
$329,900
Neighborhood: Century Park West
2
Beds
2
Baths
1,020
Sq.Ft.
1978
Year Built
65
Days on Site
921440
MLS
This REO is a find! Located on the Bay in Destin, this 1st floor condo unit is move in ready and a must see. In the heart of Destin, this 2 bedroom, 2 bath all tiled unit has a large living...
$204,900
Neighborhood: North Hill
3
Beds
1F11/2
Baths
1,128
Sq.Ft.
1983
Year Built
66
Days on Site
928035
MLS
REO. Adorable 3 bedroom home in the Heart of Crestview! Spacious Living Area. Kitchen has been updated. Living areas are Tiled. This home has a cozy Dining Area. Nice Ceiling Fans in Living Area...
$232,900
Neighborhood: Shay Lin T/H Unit 1856
2
Beds
1F11/2
Baths
993
Sq.Ft.
2006
Year Built
71
Days on Site
927737
MLS
REO. Location, Location, Location! This 2 bedroom 1.5 bath townhome in Niceville can't be beat! The home features a beautifully appointed kitchen and fixtures, fresh paint and new HVAC. One Bedroom...
$263,500
Neighborhood: Cedar Heights S/D
3
Beds
2
Baths
1,362
Sq.Ft.
1999
Year Built
73
Days on Site
927520
MLS
Located in the heart of Fort Walton Beach and close to churches, schools, and bases, this 3 bedroom 2 bath REO home exudes potential. Built in 1999, this 1362sf home has split bedroom design, carpet...
3
Beds
2
Baths
1,390
Sq.Ft.
1982
Year Built
74
Days on Site
927396
MLS
Resting on 1.29 Acres, this 3 bedroom, 2 bath this REO home has tons of potential! At approx 1390 square feet, this vinyl sided home was built in 1982, rests on a cleared flat parcel and is ready for...

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.