Here is a small article I saw recently from the Miami Herald and I think you can make the same argument for Destin Homes and Condos For Sale, and 30A Homes and Condos For Sale and Panama City Beach Homes and Condos For Sale. 

Hungry for Homes and Condos, Buyers Get Edged Out

As South Florida’s home sales have continued to outpace national trends, distressed properties are still dominating the market, with more than half of all homes and condos sold last month at some stage in the foreclosure process. And cash-happy investors have been scooping up these bargain basement deals at a fast clip, often before middle-income buyers can get financing. [Source: Miami Herald]

To stay on top of what other investors are watching:  Foreclosures and Short Sales

• Destin Condo Foreclosures and Destin Short Sales at Destin Condo News
• 30A Condo and Home Foreclosures and 30A Condo and Home Short Sales at 30A Real Estate News
• Panama City Beach Condo Foreclosures and Panama City Beach Short Sales at Panama City Beach Condo News