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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 May 17, 2024
17
Listed
101
Avg. DOM
$202.90
Avg. $ / Sq.Ft.
$275,900
Med. List Price
17 Properties
Page 1 of 2
$310,000
Neighborhood: Eglin Highway
3
Beds
1F11/2
Baths
1,288
Sq.Ft.
1957
Year Built
1
Day on Site
950070
MLS
$324,900
Neighborhood: Antioch Estates S/D
3
Beds
2
Baths
1,791
Sq.Ft.
1998
Year Built
8
Days on Site
949606
MLS
$345,000
Neighborhood: Cherokee
6
Beds
4
Baths
3,000
Sq.Ft.
1995
Year Built
26
Days on Site
947987
MLS
$114,900
Neighborhood: Port Dixie
2
Beds
1F11/2
Baths
1,216
Sq.Ft.
1975
Year Built
30
Days on Site
947746
MLS
$369,900
Neighborhood: Quayside Village
4
Beds
2
Baths
1,915
Sq.Ft.
1998
Year Built
47
Days on Site
946187
MLS
$379,900
Neighborhood: Sound Retreat
3
Beds
2
Baths
1,663
Sq.Ft.
1996
Year Built
47
Days on Site
946195
MLS
$299,900
Neighborhood: Hunters Ridge
4
Beds
2
Baths
1,779
Sq.Ft.
2022
Year Built
57
Days on Site
945471
MLS
$242,500
Neighborhood: Ridge Crest Ph II
3
Beds
2
Baths
1,100
Sq.Ft.
2005
Year Built
58
Days on Site
945366
MLS
3
Beds
2
Baths
1,242
Sq.Ft.
1992
Year Built
60
Days on Site
945181
MLS
$300,000
Neighborhood: Old Bethel Estates Ph II
4
Beds
3
Baths
3,036
Sq.Ft.
2006
Year Built
70
Days on Site
944179
MLS
1
Beds
1
Baths
528
Sq.Ft.
1974
Year Built
82
Days on Site
943171
MLS
$275,900
Neighborhood: Stillwell South
5
Beds
2F11/2
Baths
1,962
Sq.Ft.
2017
Year Built
87
Days on Site
942833
MLS

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.