Bank-Owned Homes for Sale in South Florida
Every bank-owned home, condo and townhome currently listed for sale across South Florida, straight from the MLS and updated throughout the day.
A bank-owned home, or REO, is one the lender already took back at the foreclosure auction and now owns outright. It is the most common distressed listing in South Florida and the simplest to buy: there is no borrower left in the deal, no second lender to approve a discount and no judge to wait for, so the bank can accept your offer and close on an ordinary timeline. The trade-off is condition. REO homes are sold strictly as-is, usually with no seller disclosure because the bank never lived there, often with the appliances, air-conditioning or pool equipment stripped out, and sometimes with the utilities off so an inspector cannot test anything. Budget for a full inspection, a roof and air-conditioning quote and the possibility of a cash-only purchase if the home will not appraise for financing.
45 listings, newest first.
$2,316,100
1977 NE 119th Road, North Miami FL 33181
4 bd · 4 ba · 4,984 sq ft · Single Family Residence$450,000
5005 Collins Avenue 825, Miami Beach FL 33140
1 bd · 1 ba · 964 sq ft · Condominium
$890,000
244 NW 44th Street, Miami FL 33127
2 bd · 1 ba · 1,146 sq ft · Single Family Residence
$739,900
1531 NE 35th Street, Oakland Park FL 33334
6 bd · 5 ba · 3,918 sq ft · Single Family Residence
$1,099,000
1601 Washington Street, Hollywood FL 33020
3 bd · 3 ba · 2,279 sq ft · Single Family Residence
$829,000
1080 Brickell Avenue 1509, Miami FL 33131
2 bd · 2 ba · 1,134 sq ft · Condominium
$915,000
2020 N Bayshore Drive 2808, Miami FL 33137
1 bd · 2 ba · 1,128 sq ft · Condominium
$99,900
8208 W Bitterbush Lane, Port St. Lucie FL 34952
2 bd · 2 ba · 936 sq ft · Mobile Home
$540,000
2637 Everglades Drive, Miramar FL 33023
3 bd · 2 ba · 1,296 sq ft · Single Family Residence
$850,000
14954 N 95th Lane, West Palm Beach FL 33412
3 bd · 2 ba · 2,644 sq ft · Single Family Residence
$270,000
220 NE 12th Lot 14, Homestead FL 33030
4 bd · 2 ba · 1,848 sq ft · Mobile Home
$499,000
1317 NE 110th Terrace, Miami FL 33161
0 ba · 1,302 sq ft · Duplex
$1,325,900
801 Brickell Key Boulevard 1504, Miami FL 33131
3 bd · 3 ba · 1,493 sq ft · Condominium
$560,000
5921 SW 162nd Court, Miami FL 33193
3 bd · 2.5 ba · 1,614 sq ft · Townhouse
$1,199,000
, El Portal FL 33150
4 bd · 3 ba · Single Family Residence
$765,000
7645 SW 193rd Lane, Cutler Bay FL 33157
4 bd · 3 ba · 2,723 sq ft · Single Family Residence
$590,000
624 SNAPPER Way, Delray Beach FL 33445
3 bd · 2 ba · 1,657 sq ft · Single Family Residence
$494,900
26651 SW 133 Court, Homestead FL 33032
3 bd · 3 ba · Townhouse
$590,000
14935 SW 23rd Lane, Miami FL 33185
4 bd · 3.5 ba · 1,985 sq ft · Townhouse
$475,000
3600 Mystic Pointe Drive 1516, Aventura FL 33180
1 bd · 1.5 ba · 1,050 sq ft · Condominium
$820,000
19534 SW 324 Street, Homestead FL 33030
4 bd · 3 ba · 2,088 sq ft · Single Family Residence
$530,000
9600 NW 19th Avenue, Miami FL 33147
0 ba · 1,764 sq ft · Duplex
$695,000
10423 Boca Springs Drive, Boca Raton FL 33428
4 bd · 2.5 ba · 2,175 sq ft · Single Family Residence
$650,000
730 NE 139 Street, North Miami FL 33161
3 bd · 2 ba · 1,624 sq ft · Single Family Residence
$129,900
6725 NE 8th Lane, Okeechobee FL 34974
3 bd · 2 ba · 1,512 sq ft · Manufactured Home
$1,600,000
14440 SW 94th Avenue, Miami FL 33176
4 bd · 3 ba · 2,710 sq ft · Single Family Residence
$1,250,000
333 Las Olas Way 2302, Fort Lauderdale FL 33301
2 bd · 2.5 ba · 1,522 sq ft · Condominium
$429,900
3599 NW 99th Street, Miami FL 33147
2 bd · 1 ba · 2,868 sq ft · Single Family Residence
$59,900
4058 5th Avenue, Lake Worth FL 33462
3 bd · 2 ba · 1,300 sq ft · Mobile Home
$459,900
10618 SW 148th Ave Drive, Miami FL 33196
3 bd · 2.5 ba · 2,073 sq ft · Single Family Residence
$850,000
4539 NW 83rd Parkway, Doral FL 33166
3 bd · 3 ba · 1,866 sq ft · Townhouse
$539,000
4770 NE 2nd Terrace, Oakland Park FL 33334
3 bd · 2 ba · 1,188 sq ft · Single Family Residence
$590,000
11940 NW 19th Avenue, Miami FL 33167
4 bd · 2 ba · 1,513 sq ft · Single Family Residence
$430,000
8846 W Flagler Street 9, Miami FL 33174
3 bd · 2.5 ba · 1,566 sq ft · Townhouse
$395,000
1262 NW 126th Avenue, Sunrise FL 33323
3 bd · 2.5 ba · 1,423 sq ft · Single Family Residence
$629,000
5311 NW 16th Street, Lauderhill FL 33313
0 ba · 2,250 sq ft · Triplex
$798,000
14635 SW 45th Street, Miami FL 33175
4 bd · 3 ba · 2,250 sq ft · Single Family Residence
$575,000
6220 NW 19th Street, Sunrise FL 33313
5 bd · 4 ba · 1,850 sq ft · Single Family Residence
$610,000
3301 Berkeley Boulevard, Fort Lauderdale FL 33312
3 bd · 2 ba · 1,471 sq ft · Single Family Residence
$479,000
9660 NW 16th Court, Pembroke Pines FL 33024
3 bd · 2 ba · 1,341 sq ft · Townhouse
$649,000
600 NW 27th Street, Wilton Manors FL 33311
3 bd · 2 ba · 1,232 sq ft · Single Family Residence
$919,900
1855 SW 101st Avenue, Davie FL 33324
4 bd · 3 ba · 3,111 sq ft · Single Family Residence
$249,000
1710 AVENUE, Fort Pierce FL 34950
0 ba · 1,952 sq ft · Duplex
$416,000
2306 Canoe Creek Lane, Fort Pierce FL 34981
3 bd · 3 ba · 2,182 sq ft · Single Family Residence
$650,000
159 NE 6th Street 2513, Miami FL 33132
1 bd · 1 ba · 598 sq ft · Condominium
Bank-Owned (REO) Homes: Frequently Asked Questions
- What does bank-owned or REO mean?
- It means the lender foreclosed, nobody bought the home at the courthouse auction, and the bank took title. "REO" stands for real estate owned, the accounting term for property a bank owns rather than lends against. The bank is now an ordinary seller: it lists the home with an agent, reviews offers and closes at a title company.
- Are bank-owned homes cheaper?
- Often, but not always, and never by the margins the late-night seminars promise. Banks price REO homes from a broker price opinion at or slightly below market for the condition the home is in, and in a tight South Florida market a clean REO can draw several offers and sell above asking. The discount that is real is in the condition, which is also the risk.
- Can I get a mortgage on a bank-owned home?
- Yes, if the home is in lendable condition. Conventional and FHA loans both work on an REO purchase, but FHA has minimum property standards, and a home with a failed roof, missing water heater or no working kitchen will not pass. Those homes sell to cash buyers or to borrowers using a renovation loan such as the FHA 203(k).
- How is an REO offer different from a normal offer?
- You sign the bank's own addendum, which usually replaces most of the standard Florida contract: as-is with the right to inspect, no seller repairs, no disclosures, per-diem penalties if you miss the closing date, and the bank choosing the title company. We read that addendum with you line by line before you sign, because it is where the leverage in an REO deal actually sits.
- How fast do I have to move?
- Fast. Well-priced REO listings in Broward, Miami-Dade and Palm Beach counties frequently go under contract within days, and many banks review offers only on set dates. Being pre-approved or having proof of funds ready is the difference between making the list and watching the home sell.
Facing foreclosure on your own home?
Selling before the judgment usually protects your credit better than losing the home at the clerk's sale, and where there is equity it puts the surplus in your pocket instead of the court registry. Find out what your home is worth today, request a cash offer, or read what your options are once you have been served.