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For sale
  • Price cut: $5K (5/30)
    $2,745,000

    4559 Luke Ave, Destin, FL 32541

    8beds
    4,339sqft
    : 
    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
    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.
    100 days
    on Zillow
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    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#: 974783MLS LogoOriginating MLS: Emerald Coast
    Travel times

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    Next available tour time:Today at 11am

    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
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