Property Details

Listing # 974783 Details

$2,745,000
4559 Luke Avenue
Destin, FL 32541

Property Inquiry

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4,339 Sq Ft.
Built 2018
8 Bed
9 Bath

Property Details

Situated on a rare double lot in Destin's sought-after Crystal Beach neighborhood, this luxury rental retreat boasts an exceptional income history--consistently generating $200,000 to $280,000 annually since 2019. With peak months averaging over $50,000, this eight-bedroom, seven-and-a-half-bathroom home pairs sophisticated design with outstanding investment potential.Built in 2018 and free of HOA restrictions, the home spans 0.64 acres and includes a private heated pool and spa, outdoor kitchen, fire pit, and expansive entertaining areas shaded by lush palms. Inside, the open-concept layout flows effortlessly from a sunlit living space to a gourmet kitchen outfitted with high-end appliances and generous dining accommodations. An elevator makes every level accessible, including the third-floor game room and wet barideal for family fun or post-beach wind-downs.

Each bedroom offers a private escape with ensuite baths and refined coastal décor, comfortably sleeping large groups while maintaining a sense of retreat. Outdoors, a foosball table, pool table, and multiple gathering spaces make it a favorite among vacationers. With parking for up to seven vehicles and a short six-minute stroll to the beach, this getaway offers the perfect balance of leisure and location.

Whether you're hosting a reunion, retreat, or simply seeking a high-yield property in the heart of Destin, this coastal compound stands out as both a serene getaway and a proven performer in the luxury rental market.

COUNTY Okaloosa
SUBDIVISION CRYSTAL BEACH
PARCEL ID 00-2S-22-0580-0031-0010
TYPE Detached Single Family
STYLE Contemporary
ACREAGE 1
LOT ACCESS N/A
LOT SIZE 0.64 acres
HOA INCLUDE N/A
HOA FEE N/A
UTILITIES Electric,Public Sewer,Public Water
PROJECT FACILITIES N/A
ZONING Resid Single Family
PARKING FEATURES N/A
APPLIANCES N/A
ENERGY AC - 2 or More
INTERIOR N/A
EXTERIOR N/A
ROOM DIMENSIONS Dining Area : 0 x 0
Bedroom : 0 x 0
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Kitchen : 0 x 0
Living Room : 0 x 0

Schools

Elementry, Destin
Middle, Destin
High, Destin

Location & Map

Turn south off 98 turn first cross street onto Luke ave