2013 was a game changer for foreclosures and short sales along the Emerald Coast. Foreclosures have skyrocketed in popularity with the ease of purchasing and lender incentives offered to prospective purchasers. These bank owned properties were highly sought after by buyers and created a purchasing frenzy in the market. I sold 52 properties in 2013 and many were bank owned REOs. Almost everyone of the foreclosures involved a highly competitive bidding scenario, one REO had 24 offers in 12 hours being on the market. It takes a savvy agent and a determined buyer to snatch these properties up. I will write up a post on shorts sales and foreclosures and how the market has changed in the next few weeks. In the meantime, enjoy the Most Expensive Short Sales and Foreclosures sold on 30A and Destin in 2013 list!
#1 Most Expensive Distressed Property Sold – 12 White Cliffs Crest in The Village of White Crest
12 White Cliffs Crest was the most expensive distressed property sold in 2013. This unique Italian villa features Roman statues on the front of the house, as well as other European-inspired details inside. Built in 2000 this beautiful gulf front home offers gulf views from 3 of its 5 bedrooms. This 4,400sf home with 5 Bedrooms, 5 full Baths and 3 half baths was a short sale and sold for $2.5 million in July 2013.
#2 Most Expensive Distressed Property Sold – 156 Kingston Rd in Rosemary Beach
This beautiful beach house in the heart of Rosemary Beach is a spacious two-story retreat at 4,919sf with 4 bedrooms and 4 baths offering deeded beach access. Built in 2009, this home sold as an REO for $1,475,000 in December 2013.
#3 Most Expensive Distressed Property Sold – 92 West Yacht Pond Ln in Watersound Beach
Thoughtfully designed with marble countertops, ebonized walnut floors, and laundry on the 1st and 2nd floors, this beautiful Watersound home was built in 2008. This three-story, 4 Bedroom, 4 ½ Bath home was a short sale that sold in January 2013 for $1,450,000.
#4 Most Expensive Distressed Property Sold – 137 St Lucia Ln in The Retreat
This luxury 6 bedroom, 5 ½ bath home in The Retreat boasts scenic gulf views from 3 stories of porches and balconies, as well as an impressive kitchen and separate guest apartment above the garage. This 5,022sf home was an REO and sold for $1,450,000 in August 2013.
#5 Most Expensive Distressed Property Sold – 223 Somerset St in Alys Beach
Exquisitely decorated by Georgia Carle, this Alys Beach villa was featured in Veranda Magazine. This home, which is conveniently located directly across from the Caliza Pool and is 2,484sf with 3 bedrooms and 2 ½ baths, sold for $1.4 million in January 2013.