Destin Beachfront Condo at Silver Beach Towers is a Short Sale

Destin Silver Beach Towers Short Sale

Beachfront condo in Destin at the Silver Beach Towers. This is a 2 bedroom and 2 bathroom unit. The gulf views are spectacular and this property has many upgrades. This is a short sale offered beachfront in Destin. The views from the forth floor balcony look right out over the emerald waters of Destin’s Gulf. Silver Beach Towers is located in the heart of Destin and is close to shopping, dining and nightlife. The Silver Beach Towers has 600 feet of private beach to enjoy your vacation on and keep renters coming back year after year.

Contact Danny Margagliano at 850-830-4747 for more information, to view this condo or others like it.

Silver Beach Towers Condos for Sale

Click here to view all the details on this Silver Beach Towers short sale

Most Expensive Short Sales and Foreclosures Sold on 30A & Destin for 2010

There were 129 homes that sold for over $1mil in 2010 of which 22 were either a short sale or Foreclosure. Some of these properties were amazing buys and we will look at the 5 most expensive short sales and foreclosures sold in 2010 on 30A and Destin. In 2009 Scenic 30A made the top 3 list of most expensive distressed homes sold, however in 2010 Destin and Miramar Beach captured 4 of the 5 top spots. Also of interest is that all 5 of the most expensive homes sold are short sales.

See Team Baranowski’s Newsletter Review of the Most Expensive Properties Sold in 2010

There was a significant amount of premium inventory moved in 2010 and we expect a shortage of great buys as our inventory levels are down from 14,000 units in 2006 to 7,800 units in 2010! This is 44% decrease in available inventory. Once we have less than 12 months of available inventory…which we are very close…we will see a market shift from a buyer’s market to a seller’s market.

Most of the premium distressed property sold under multiple offer scenarios and with some selling well over offer price. For example, a WaterSound Condo foreclosure had 8 offers in 24 hours and sold for $256,000 above the offer price of $849,900.

If you are looking to buy a premium distressed property now is the time to buy as the inventory is going quick!

#1 Most Expensive Short Sale and Foreclosure Sold – 186 Banfil St in Grayton Beach

186 Banfill St in Grayton Beach 17(1) Most Expensive Short Sales and Foreclosures Sold on 30A & Destin for 2010186 Banfil Street was our Top Distressed Property Pick for November 2010. At that time this magnificent home was listed for $3.9mil. This amazing home is situated on the southeast corner of charming Grayton Beach, one lot west of Grayton Beach State Park with unobstructed permanent views of the gulf. At 4,579sf this home has 4 Bedrooms, 5 Full Baths and 1 Half Bath. 189 Banfil sold as a short sale for $2,410,000 in August 2010.

 

 

#2 Most Expensive Short Sale and Foreclosure Sold – 747 Scenic Gulf Drive in Miramar Beach

747 Scenic Gulf Drive in Miramar Beach 11 Most Expensive Short Sales and Foreclosures Sold on 30A & Destin for 2010This gulf front estate in Miramar Beach is a carefully crafted, architectural masterpiece! This expansive6 Bedroom, 5 Bath retreat boasts over 6,000 square fee on 4 stories. Under contract in less than 34 days. This Gulf Front distressed property is in another great example of premier properties selling extremely quickly and becoming in short supply and high demand. Listed for $2,300,000 this short sale sold for $2,300,000 in October 2010.

 

 

#3 Most Expensive Short Sale and Foreclosure Sold – 4728 Ocean Blvd in Destin

4728 Ocean Blvd in Destiny by The Sea 22 Most Expensive Short Sales and Foreclosures Sold on 30A & Destin for 2010This was an amazing deal! This exquisite gulf front estate is one of only three 7 bedroom homes in Destiny By The Sea. With gross rental income of $275K in 2009 this is an investors dream! This 4,210sf 7 Bedroom 6 Bath home in Destiny by The Sea originally listed for $5.7mil in 2005. Offered at $2,9999,000 when it went under contract and sold as a short sale for $2,215,000 in August 2010! What a steal!

 

 

#4 Most Expensive Short Sale and Foreclosure Sold – 3017 Club Drive in Burnt Pine Sandestin

3017 Club Drive in Burnt Pine Sandestin 16 Most Expensive Short Sales and Foreclosures Sold on 30A & Destin for 2010This Burnt Pines estate sits on one of the largest and most desirable lots in Sandestin Resort with 126 ft fronting Choctawhatchee Bay. This secluded setting gives added privacy and the dock allows easy access to all that life on the water has to offer. This beautiful Burnt Pine bay front home is 4,832sf with 4 Bedrooms, 4 Full Baths and 3 Half Baths. Built in 1998 this home was offered for $2,495,000 and sold as a short sale for $2,099,000 in July 2010.

 

 

#5 Most Expensive Short Sale and Foreclosure Sold – 255 Open Gulf Drive in Miramar Beach

255 Open Gulf St in Miramar Beach 7 Most Expensive Short Sales and Foreclosures Sold on 30A & Destin for 2010This Gulf front estate in Miramar Beach sits high on a dune offering majestic views of the Gulf. At 4,505sf this 5 Bedroom, 5 Bath and 1 Half Bath gulf front home features 2 large master bedrooms and 12′ ceiling throughout. Offered at $1,999,900 this gulf front short sale sold for $1,784,900 in September 2010. What a great buy!

 

 

 

 

Gulf Front Short Sales & Bank Owned Property

30A REOs & Bank Owned Property

30A Short Sales

Destin Gulf Front Short Sales & Bank Owned Property

Pictures and Slide Show of Top 5 Most Expensive Distressed Property for 2010

Flipping Foreclosures on 30A, Destin and Panama City Beach

Flipping Foreclosures Good for 30A and Destin?

Buyers and investors have been snatching up some excellent buys on Scenic 30A, Destin and Panama City Beach. Many premium distressed properties have been sold at ridiculously low prices. Is now to time to start flipping foreclosures and what is the sweet spot for flipping foreclosures? Are flipping foreclosures good for our market recovery?

The thought of foreclosure flipping makes me cringe as I remember back to the outrageous flipping during 2004 and 2005 that ultimately brought our market down to its knees. Some 6 years later we are still trying to recover from a glut of investors with little to no end users driving our real estate prices into the stratosphere only to come crashing down.

What is different today than in 2004 and 2005? We have a healthy mix of buyers and investors. Buyers today are primarily end users looking to hold property for 10 to 15 years. Back during the real estate boom our core set of second home buyers were driven out of the market by unrealistic real estate prices. Properties that were over-valued to the point where they would never cash flow with rental income created a disaster compounded by loose lending practices allowing unqualified buyers to get upside down financially. What was once a $1.2mil overpriced cottage in Seacrest Beach is now a $450K gem that will generate over $45K in rental income and wonderful second home for a family.

Foreclosure Flippers and investors are needed for market recovery

Investors are mostly cash buyers and are buying at ultra-low prices sometimes in bulk quantities. I consider many of the investors as “street sweepers” as they snatch up both good and not so good properties. They purchase properties in bulk from financial institutions or other investments groups and release the product at fair market value. As an example, the Redfish Developer units being released back to the market this April. These investors took over priced unsellable inventory, purchased it in bulk and are now releasing back into the market at fair market price with buyer incentives. In the case of Redfish Village they are offering 2 1/2 years of no HOA assessments. This investor will single handedly turn Redfish Village into a booming town that it was designed to be. We will have end users, empty condos will be full, the HOA will be stabalize, rental income will rise and the small businesses in Redfish Village will prosper. This is fantastic for our community!

In other situations foreclosure flippers will buy the ugly stuff that no one wants to touch, the properties will be refreshed, repainted, repaired, landscaped and sold. The flippers are oftentimes taking the neighborhood’s blight and turning it into a gem. Abandoned developments that look like “pipe farms” overgrown with weeds and swamps for pools will have new life and will once again be a showcase of our beautiful area and something we can all be proud of. We love investors!

If you are an investor and looking for some great buys, give us a call. Team Baranowski are Certified Investor Specialists and we are here to help.

Scenic 30A and Panama City Beach – Tracy Baranowski 850.259.4270 and Craig Baranowski 850.259.1788 or emal @ info@teambaranowski.com

Miramar Beach and Destin – Danny Margagliano 850.830.4747 or email @ danny@teambaranowski.com

Splash Achieves Special Approval Designation from Fannie Mae

Splash Gulf Front Condos get Fannie Mae special financing approval!

If you have been in the condo market looking to purchase some incredible deals on gulf front condos, you have most likely ran into challenges with securing reasonable financing. Oftentimes, financing options are non-existent and makes purchasing hot buys impossible if you are not a cash buyer.

We have some awesome news that is very much welcomed on the beach. Fannie Mae is finally releasing the reigns on financing and is selectively offering fantastic financing option for Gulf Front Condos in Panama City Beach.

The Splash Gulf Front Condo project in Panama City Beach has received this designation. As a buyer here are the benefits to you:

1. It allows the full complement of FNMA products 30,20,15 and 10 yr fixed rate mortgages, as well as the intermediate ARMS (10/1, 7/1, 5/1, 3/1, and 1 YR )

2. 80% of the purchase price on ALL OCCUPANCY TYPES!!

3.In addition there are opportunities to “piggyback” and go up to 95% LTV’s on second homes and primaries. Investment properties will have an 85% cap.

This new financing is going to create a surge of transactions in Splash. So if you have been holding off purchasing a gulf front condo at Splash…now is the time to buy!

Splash Gulf Front Condos for Sale

For more information of Splash Gulf Front Condos or preview a unit, please call Tracy Baranowski 850.259.4270 or Craig Baranowski 850.259.1788 or email us @ info@teambaranowski.com.

30A Songwriters Festival 13 Miles of Music

Rosemary Beach, Alys Beach, WaterColor and Seaside hosting Festival on Scenic 30A

30A Song Writers Festival

Top music performers including Shawn Mullins, Jeffrey Steele, and Emily Sailers will turn Scenic 30A into a 13 mile long music festival.

The second annual 30A Songwriters Festival is this three-day Martin Luther King Jr. weekend January 14-16 2011. There are 16 venues between eastern 30A at Rosemary Beach to western end of 30A at Gulf Place. Pandora’s in Grayton Beach will be hosting the kick off party. Produced by the Cultural Arts Association of Walton County and proudly sponsored by the Beaches of South Walton, the 30A Songwriters Festival will feature three nights and two days of stellar musical performances by over one hundred industry greats, rising songwriting stars and local talent.  The artists will perform in over sixteen venues up and down 30A.

I had an amazing time at the first annual Songwriters Festival in 2010 and I am back this year as House Manager at Rosemary Beach’s Town Hall venue. Jeffrey Steele will be playing at Rosemary Beach Town Hall Friday at 10pm. This is his only show and we had a full house last year. So if you want to see Jeffrey perform, you need to get there early!

Shawn Mullins with his full bank will be playing Sunday at 2:00pm in the Seaside Lyceum. There will be shuttle service to get festival attendees in and out of the event on Sunday.

The 30A Songwriters Festival is quickly becoming one of the premier annual events on Scenic 30A. The festival has a great vibe and the artists truly enjoy playing at our venues and taking in the beauty and uniqueness of our area.

To purchase tickets and for more information visit 30ASongWritersFestival.com

Weekend passes may be purchased online at 30ASongWritersFestival.com for $85, and $35 day passes are also available.  Weekend passes may be purchased at the Box Office or at the WaterColor Inn.  Special Festival accommodation packages will be available with 30A Songwriters Festival official lodging partners Candlewood Suites, Seaside Cottage Rental Agency, Hibiscus Guesthouse, Beach Seekers, Alys Beach, WaterColor Inn & Resort and Sunburst Beach Vacations.  Questions about the Festival?  Call (850) 622-5970.

The Performance Venues

The Naked Grape Wine Station

37 Town Loop Center, Unit C9

Gulf Place

Santa Rosa Beach, FL   32459
For more information visit website: Link

Summer Kitchen

60 North Barrett Square

Rosemary Beach, FL   32461
For more information visit website: Link

Shorty’s

Defuniak Street & Hotz Avenue

Grayton Beach

Santa Rosa Beach, FL   32459
For more information visit website: Link

Seaside Meeting Hall Theatre

215 Quincy Circle

Seaside

Santa Rosa Beach, FL   32459
For more information visit website: Link

Seaside Lyceum

Quincy Circle

Seaside, FL   32459
For more information visit website: Link

Rosemary Beach Town Hall

South Barrett Square

Rosemary Beach, FL   32461
For more information visit website: Link

Pandora’s

63 Defuniak Street

Grayton Beach

Santa Rosa Beach, FL   32459
For more information visit website: Link

La Botana

4281 E. County Hwy 30A

Suite 102

Santa Rosa Beach, FL   32459
For more information visit website: Link

Hibiscus Coffee & Guesthouse

85 Defuniak Street

Grayton Beach

Santa Rosa Beach, FL   32459
For more information visit website: Link

Gulf Place

Corner of County Hwy 30A and County Road 393

Santa Rosa Beach, FL   32459
For more information visit website: Link

Fish Out Of Water – WaterColor

34 Goldenrod Circle

Santa Rosa Beach, FL   32459
For more information visit website: Link

Central Square Records

89 Central Square

Seaside

Santa Rosa Beach, FL   32459
For more information visit website: Link

Caliza Restaurant

23 Nonesuch Way

Alys Beach, FL   32413
For more information visit website: Link

Bud & Alley’s

2236 East County Hwy 30A

Santa Rosa Beach, FL   32459
For more information visit website: Link

Amavida Coffee

South Barrett Square

Rosemary Beach, FL   32413
For more information visit website: Link

Fannie Mae and Freddie Mac Resume Bank Owned Property Sales

Fannie Mae and Freddie Mac put a large number of their foreclosures on hold in September 2010  when it was revealed that fraudulent court documents may have been used to repossess homes and other properties. Team Baranowski had a few contracts on a Fannie Mae bank owned property and only one files was deemed "infected" and was taken off the market and put on an indefinite hold. This is an awesome property and we hope to see it back on the market shortly!

This week Fannie Mae and Freddie Mac given the nod to restart the sales of their foreclosed properties. Brokers received memos Wednesday from the government-sponsored enterprises saying that the homes could once again be marketed and sales finalized on properties already under contract. Fannie Mae’s letter explains that evictions and lockouts are still suspended on its properties.

This is great news for our area as mortgage delinquencies continue to rise and we cannot afford to have anymore delays on foreclosures. Delays in foreclosures creates an unhealthy imbalance of distressed properties in our area and brings more unpredictability to the real estate market. About 12 percent of Fannie Mae loans in Florida are delinquent, while Freddie Mac has 17 percent of its Florida mortgages in arrears.

The embargo on selling foreclosed properties likely added to last month’s slump of existing home sales, which dropped 12 percent in Florida compared to September and 21 percent compared to October 2009.

Fannie Mae Home Path Condo foreclosures continue to be at the top of my HOT BUY list as the financing terms and flexibility for buyers and investors is amazing.

Gulf Front Condo Foreclosures in Panama City Beach

If you are looking to purchase foreclosures give us a call. We are the experts and are here to help! Team Baranowski 850-583-1640 or email us info@teambaranowski.com.

Destin Gulf Front Townhome 3650 Scenic Highway 98 Unit 17

Update: Under Contract Jan 2011

Green Reef Gulf Front Townhome – HOT BUY! Just listed!

This gulf front townhome in Destin is a RENTAL MACHINE! If you are looking for the most bang for your buck, this Green Reef townhome located at 3650 Scenic Highway 98 is the property for you!

This huge 5 bedroom, 3.5 bath unit in Green Reef has consistently generated $80,000 to $90,000 in gross rental income for the past 6 years as a turnkey rental property. Some updating and TLC will make this the ultimate Destin beach getaway with 3 levels of decks and amazing panoramic gulf views. There are very few gulf front properties in Destin where you own the beach all the way to the waterline! With its close proximity to Destiny by the Sea, shopping and restaurants this property is a winner. 3650 Scenic Highway 98 Unit 17 in Destin is a TEAM BARANOWSKI HOT BUY and is a short sale.

3650 Scenic Highway 98, Unit 17 in Destin
Offered at $450,000
2,582sf
5 Bedrooms, 3.5 Full Baths
HOA $225 per month
Built in 1983
Short Sale

Rare offering on the Gulf in Destin. Huge 5 bedroom, 3.5 bath with 2 gulf front master bedrooms with adjoining decks, 2 kitchens and 3 levels that are very spacious. Stunning large private decks with approx. 900 square feet of space. Extremely successful turnkey rental property with approx. $80K/yr income. Fee simple complex with low HOA fees. Each owner has title to the beach in front of their unit adding to the value of these properties. Panoramic views and privacy. A great retirement home or fabulous rental business. First level can be completely separate suite if desired. 2 laundry areas. Brazilian Cherry floors. Jacuzzi in master bedroom, wet bar in living room. Tiled private deck off master bedroom. Set up for rental to sleep 18. Spacious walk-in closets, vaulted master with loft set up as sleeping area for additional guests. Wonderful for entertaining. Listen to the waves from your bedroom. Great value for all this space and privacy in the best part of Destin. Pets are allowed for owners and renters. Buyer to confirm all dimensions. PROPERTY TO BE SOLD "AS IS"

Gulf Front Townhome 3650 Scenic Highway 98 E Unit 17

Destin Gulf Front Short Sales and Bank Owned Property

 

Other Destin Distressed Properties you may be interested in:

If you are interested in gulf front property in Destin, please give Danny Margagliano a call at 850-830-4747 or email danny@teambaranowski.com.

Panama City Beach 30A Destin Sandestin Miramar Beach Property Master Search Page

Bank Owned Property, REOs, Short Sales and Investment Property Links

Team Baranowski has been doing a lot of work on our websites ensure our clients and visitors have the best experience possible and are able to easily navigate properties for sale. Distressedpropetyexpent.net is the top website for property searches in Panama City Beach and the Emerald Coast. I updated all of our most popular property links and have consolidated into one area on the home page. The links are posted below and cover luxury homes and condos, residential land, bank owned property, short sales and REO for Panama City Beach, 30A, Destin, Sandestin, Miramar Beach. If you would like to be on a property alert for any of these links just click on the SAVE SEARCH link and add your name and email.

IMPORTANT: This website offers two MLS to search properties from…Panama City Beach MLS and the Emerald Coast MLS.

Panama City Beach MLS – West end of Panama City Beach by Inlet Beach and Carillon Beach all the way east to Mexico Beach

Emerald Coast MLS – Inlet Beach west to Navarre and Pensacola

Quick Pointers:

If you are searching for properties or homes in Panama City Beach which is east of  Scenic 30A you will want to select PANAMA CITY BEACH MLS.

For Scenic 30A, Panama City Beach west of Inlet Beach, Sandestin and Miramar Beach property searches you will want to select EMERALD COAST MLS.

Most clients search by SUBDIVISION or CONDO PROJECT which will really narrow your search. For Example, if you want to find homes in WaterColor you would select WATERCOLOR under subdivisions and select WATERCOLOR under the CONDO PROJECT section if you want to search condos in WATERCOLOR.

SALE TYPE is an excellent tool if you want to only look at REOs, Bank Owned Property or Short Sales.

LOT DESCRIPTION has a great search criteria of 1/2 MILE FROM WATER which will help you locate properties close to the gulf. Not all agents use this in the MLS so not all properties will show up.

If you have any questions on a property or would like us to set you up on a custom property search please give us a call at 850-583-1640 or email us at info@teambaranowski.com.

Foreclosure Wave or Foreclosure Roller Coaster?

Foreclosure proceedings slow in Santa Rosa Beach and Miramar Beach

There is a massive change between the foreclosure calender in Walton County in September 2010 and October and November 2010. The third quarter of 2010 saw foreclosures finally running through like a well oiled machine. There were consistently a full docket of foreclosures daily in Walton County. In reviewing the foreclosure calendar today you will see a calender with only a few foreclosures or a full docket of foreclosure proceedings, with almost half will read "Canceled per Order". Yesterday, November 3rd, there were 7 foreclosures scheduled and 3 were canceled.\

Walton County which comprises of the popular Santa Rosa Beach, Miramar Beach, Sandestin, and Scenic 30A areas make up the bulk of the foreclosures in the county. Walton County is not the only area in Florida experiencing foreclosure delays. Other counties such as Broward County are seeing up to a 75% reduction in foreclosure proceedings. Experts expect the delay to end in about 10 weeks and then the next wave of foreclosures will be coming through at full force.

Here is a great link to an article about foreclosure delays in Florida.

Foreclosure proceedings downshift

Foreclosure Freeze a Stealth Stimulus?

Foreclosure delays providing billions in stimulus

After the mid-term elections it is crystal clear that America are a touch frustrated with our national debt and the amount of money we are spending. Another bailout or stimulus would not be the best plan of action at the present moment. But what most people do not know is that we are having a stealth stimulus right now…in fact we have had a stealth stimulus for almost two years.

The delays in the foreclosure process are giving a "stealth stimulus" to defaulting home owners who continue to live – or even rent out – their homes. Running simple math one can quickly see how massive this stimulus can be. If your mortgage is $3,000 per month and you receive an additional 3-4 months of foreclosure delay due to the foreclosure freeze that will equate to a $9,000 to $12,000 stimulus.

Analysis by the Wall Street Journal estimates the stealth stimulus is worth about $2.6 Billion per month or about 0.25 percent of U.S. personal income. Many defaulters are still looking to get a mortgage modification, however most are just using the money for daily necessities such as food, gas, etc.

It is certainly an interesting way to look at the entire foreclosure fiasco that we have all witnessed in the past 24 months.

Foreclosure Mill Ex-Employee Reports of Foreclosure Fraud

It sure does make excellent headlines…Foreclosure Fraud…Robo Signing…Foreclosure Mills…lies, scandals and corruption. Does it get any better than that? Now that the robo signing foreclosure scandal is at its peak ex-employees are coming out to throw more scandal into the mix. It appears the top foreclosure mill, The law office of David Stearn, had a pretty cozy relationship with Fannie Mae and Freddie Mac according to this ex-employee. There was enough scandal to produce a 63-page statement disclosing foreclosure fraud by changing thousands of documents, hiding files from auditors and violating Fannie Mae and Freddie Mac's stringent policy about expenses being paid by one of their vendors.

Whether this ex-employee is right or wrong in his allegations it makes some interesting news and makes a good read. My personal opinion is that you will find mistakes and preferential treat to top customers at any company whether it be a law firm or corporate America. Look at politicians…they are about as corrupt as you can get and they are the ones that will be pointing the finger the most at the foreclosure scandal.

Here is the article to read about it: Ex-worker: Fla. law a ‘foreclosure mill’

Bank of America Resumes Foreclosures in 23 States including Florida

Just when foreclosures were getting hot in Destin, 30A and Panama City Beach, Bank of America and other major lenders did a foreclosure freeze due to faulty paperwork. The industry was calling it a national scandal and inked the term "Robo Signing". Two weeks later Bank of America reports that they are resuming foreclosures in 23 states including Florida. According to Bank of America they are not finding flaws in the paperwork of their 100,000 plus foreclosure cases they are beginning to resume.

The word on the street was that this foreclosure halt would be for 18 months and would devastate the real estate market. Foreclosures were hot…then they were not…will they be hot again? There are still a lot of issues that need to be worked out with foreclosures and the proper review of the immense paperwork associated with each foreclosure.

It was doom and gloom for the past two weeks while foreclosures were stopped in all 50 states with Bank of America, GMAC and JP Morgan Chase stopping foreclosures. We personally saw many properties get pulled off the market by Fannie Mae and a few Bank of America foreclosed properties. There was even title companies refusing to back Bank of America foreclosures with title insurance due to the massive liability exposure they could face if there was widespread foreclosure fraud.

News articles and blog posts were being written by the thousands of how the real estate market will crash and that short sales will  be the only avenue now to acquire distressed property. I am surprised that Bank of America re-started the foreclosure process so soon, but then if you realize the hundreds of thousands of foreclosures that need to get processed there it is impossible to stop the avalanche for any extended period of time.

Foreclosure wheels begin to turn again for Bank of America, GMAC

National foreclosure probe could force reforms

Depositions shed light on foreclosure issues

 

Bottom Line: Short sales, foreclosures, Bank Owned Property, REOs they are all distressed property and they are all excellent buys. Scenic 30A, Destin and Panama City Beach are being flooded with savvy buyers snatching up great buys on distressed property. The last dozen contracts we have written in the past 2 weeks have all been highly competitive situations with multiple buyers. Premium distressed property on 30A has been moving fast and gulf front condo foreclosures in Panama City Beach have been in high demand.

 

 

If you are looking to buy or sell distressed property in Panama City Beach, Scenic 30A or Destin…give the distressed property experts a call…Craig and Tracy Baranowski 850.259.1788 | 850.259.4270 or email us at info@teambaranowski.com.

Panama City Beach Short Sale 18320 Nelda Just Reduced!

Fabulous beach house in Panama City Beach's Miramar Heights subdivision with views of the gulf has just been reduced to $259,000!. 18320 Nelda is a short sale and is a must see if you are looking  for a home that is close to the beach on the west end of Panama City Beach.. There are some great buys in Panama City Beach and this home is definitely one of them.

18320 Nelda Street in Miramar Heights

Panama City Beach Short Sales

What's not to like about this gem! Fabulous beach house in Panama City Beach within two blocks of the Worlds Most Beautiful Beaches and a gulf view from the Widows Watch. Home was completely renovated in 2006. First floor features two large bedrooms with plenty of closet space, laundry room, and full bath. Second floor has large master bedroom with French Doors leading to a private deck; master bath has a Cultured Marble Jacuzzi tub, Double Vanity Tops and Separate Shower. Great Room with wood burning Travertine Stone fireplace, kitchen with new Granite Counter tops, breakfast bar, wood cabinets, all new GE appliances, Travertine Stone Flooring from Chili. You can really enjoy summer breezes from the very large wrap around deck, view the beautiful Gulf of Mexico and watch the Gorgeous Sunsets from the Widows Watch. There is a sprinkler system on its own well and a beautiful Mosaic Paver Driveway. This Home is a Great year-round residence and/or second home with a lots of potential.

Panama City Beach Short Sale 18320 Nelda
Offered at $259,900
2,350sf
3 Bedrooms, 3 Full Baths, Bunk Area
Built in 1992

If you are interested in this home in Panama City Beach please give Tracy Baranowski a call at 850.259.4270 or Craig Baranowski at 850.259.1788 or email  us info@teambaranowski.com to get on HOT Property ALERTS when they hit the market!

Panama City Beach Foreclosures 22330 & 22328 Front Beach Road Hot Property Alert!

Update: Under Contract in 3 Days with 5 Offers! Quadplex Next Door is AVAILABLE!!

This Panama City Beach Foreclosure just came on the market and it is definitely worthy of our Hot Property Alert list. 22330 Front Beach Road and 22328 Front Beach road are in need of some major TLC. Team Baranowski has a long list of buyers looking for Bank Owned fixer uppers that have easy access to the Gulf of Mexico and can provide stable rental income or be able to be flipped once they have been renovated. These two Bank Owned Properties certainly fit this criteria.

These two Duplex's and are being sold individually at $97,500 each. The are on Front Beach Road in Panama City Beach on the West end west of Highway 79 one row back from the Gulf of Mexico! The units have gulf views and easy access to the beach. Each of these units were purchase in 2004 for $350K each or $700K! You can get both for $195K! This is almost 4 times less than their peak value in 2004!

With some crafty renovation work these foreclosed properties are certainly a diamond in the rough! If you need more detailed pictures, please call 850-259-1788 or email us as we have a hundred detailed photos of the property.

223332 Front Beach Road – Quadplex Foreclosure AVAILABLE!

22330 Front Beach Road – Duplex Foreclosure

22328 Front Beach Road – Duplex Foreclosure

This Bank Owned Property is perfect for Investors or anyone looking for a hidden gem. This great Real Estate Investment opportunity is located directly across the street from the beach on the west end of Panama City Beach. Convenient to Pier Park, Carillon Beach, Rosemary Beach. Living area is located on the second floor which opens to a large deck. Spectacular Views of the Gulf from living area and Deck. On the first floor are the bedrooms, plus a large screened porch. Additional features include a covered carport and separate storage. A great opportunity to rent both units or use as a second home. You could also live in one side and rent out the other side.

22330 Front Beach Road
22328 Front Beach Road
Offered at $97,500 each
Specs on Each Unit
1,138 sf
2 Bedrooms, 2 Full Baths
Built in 1982

If you are interested in this Bank Owned Duplex in Panama City Beach please give Tracy Baranowski a call at 850.259.4270 or Craig Baranowski at 850.259.1788 or email  us info@teambaranowski.com to get on HOT Property ALERTS when they hit the market!

Panama City Beach Condo Foreclosure Splash #1005W as Craig's Top Distressed Property Pick October 4 2010

Condo foreclosures are finally hitting Panama City Beach in a big way. For many months we watched condo prices slowly fall in price. With the recent foreclosures on gulf front condos in Panama City Beach it has created a feeding frenzy as buyers are snatching up hot buys in some of the best gulf front condo projects in Panama City Beach: Calypso, Tidewater, Majestic Beach, Splash, Celadon, Sunrise Beach and more. Team Baranowski wrote and won 3 contracts on Fannie Mae Home Path condo foreclosures. Every property had multiple buyers which tells me the price is right and buyers are hungry for some great deals. What is a great deal? If the condo can cash flow…it is an AWESOME deal!

This weeks Top Distressed Property Pick is an fantastic furnished Gulf Front Condo in Splash. A one bedroom gulf front condo for $149,900 is a FANTASTIC buy!! This Splash foreclosure is a Surf Rider A unit and is in good condition, fully furnished.

Splash Foreclosure #1005W

Splash Fannie Mae Home Path Foreclosure – 10% Down!!

Foreclosures and Short Sales in Splash

Gulf Front Condo Foreclosures Panama City Beach

SPLASH combines a fabulous location with outstanding on-site amenities to create a development which is unique to Panama City Beach. SPLASH offers a spectacular array of amenities including over 400 feet of pristine Gulf front, two distinct water park environments, full fitness center, island style beach bar & grill, and covered parking. Interactive water toys, dive-in movies, video arcade…it's all here at SPLASH. Interior amenities include tile, 9' ceilings, granite kitchen counter tops, cultured marble.

Splash Foreclosure #1005W
Offered at $149,900
891sf
1 Bedrooms, 2 Full Baths, Bunk Area
Built in 2006

If you are interested in buying condo foreclosures please give Tracy Baranowski a call at 850.259.4270 or Craig Baranowski at 850.259.1788 or email  us info@teambaranowski.com to get on HOT Property ALERTS when they hit the market!