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.
For sale
Price cut: $5K (5/30)
$2,745,000
4559 Luke Ave, Destin, FL 32541
8beds
4,339sqft
Est.:
Single Family Residence
Built in 2018
0.64 Acres Lot
$2,500,300 Zestimate®
$633/sqft
$-- HOA
What's special
Outdoor kitchenPool tableOpen-concept layoutSunlit living spaceGourmet kitchenFire pitDouble lot
- 100 days
- on Zillow |
- 257 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: May 30, 2025 at 07:13am
Listed by:
JW Group 850-218-8797,
Scenic Sotheby's International Realty
Source: ECAOR,MLS#: 974783
Originating MLS: Emerald Coast

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 9
- Full bathrooms: 8
- 1/2 bathrooms: 1
Kitchen
- Level: First
Living room
- Level: First
Cooling
- AC - 2 or More
Features
- Bedroom, Dining Area, Kitchen, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,339
- Total interior livable area: 4,339 sqft
Property
Features
- Stories: 3
- Has private pool: Yes
- Pool features: Private
Lot
- Size: 0.64 Acres
- Dimensions: 0.64 acres
Details
- Parcel number: 002S22058000310010
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Condition
- Construction Complete
- Year built: 2018
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Crystal Beach
Location
- Region: Destin
Financial & listing details
- Price per square foot: $633/sqft
- Tax assessed value: $1,804,274
- Annual tax amount: $19,636
- Date on market: 4/25/2025
- Electric utility on property: Yes
- Loading
- Loading