• Home
  • Destin, Miramar Beach, Santa Rosa Beach, and 30a foreclosures

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 March 5, 2021
7
Listed
63
Avg. DOM
$157.25
Avg. $ / Sq.Ft.
$269,900
Med. List Price
7 Properties
$323,000
Subdivision: Venture Out Travel Trail Resorts
2
Beds
2
Baths
1,056
Sq.Ft.
1992
Year Built
5
Days on Site
865729
MLS
REO Foreclosure in Venture out in Panama City Beach, FL. Venture Out is the very last community before St Andrews State Park entrance. The community stretches from the Bay to the Gulf and provides...
$85,000
Subdivision: Mare Creek Farms
4
Beds
2
Baths
2,052
Sq.Ft.
1999
Year Built
8
Days on Site
865586
MLS
Beautiful land that needs some love! Former horse raising and training property includes large dirt-floor barn, multiple fenced areas. Electric line has been run to mobile home. Septic and well...
4
Beds
3
Baths
2,250
Sq.Ft.
2006
Year Built
16
Days on Site
864961
MLS
This REO mobile home is centrally located between Crestview and Mossy Head. This sale consists of 2 properties. 3943 and 3941 Bear Creek Rd. 3943 Bear lake is a 4 bedroom 2 bath mobile home built in...
3
Beds
2
Baths
1,780
Sq.Ft.
1994
Year Built
19
Days on Site
864662
MLS
A very unique opportunity with this REO property. Sale consists of 3 separate parcels. Parcel one is approx 1 acre and comes with a Double wide mobile home built in 1994. Home is 3 bedrooms, 2 baths...
$405,000
Subdivision: Eagle Bay
4
Beds
3F11/2
Baths
2,192
Sq.Ft.
2008
Year Built
29
Days on Site
864009
MLS
This very spacious and well kept Florida cottage style home will not last long! It's a beautiful 4BR/3.5BA home situated in the very popular Eagle Bay Community. It's the perfect primary or secondary...
$305,000
Subdivision: The Palms Of Destin Resort
2
Beds
2
Baths
1,175
Sq.Ft.
2007
Year Built
60
Days on Site
861827
MLS
TRUE Two Bedroom Two Bath sleeps 6 in this lovely exclusive resort condo with all the amenities you could ask for, plenty of parking, pools, hot tubs, tennis, basketball courts, play grounds,...
$175,000
Subdivision: Cherokee Heights
3
Beds
2
Baths
1,451
Sq.Ft.
2004
Year Built
312
Days on Site
845366
MLS
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 require professional...

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.