4559 Luke Avenue Destin, FL 32541
Listing Courtesy of: EMERALD COAST / Scenic Sotheby's International Realty

  4559 Luke Avenue Destin, FL 32541

Active (1 Days)
$2,750,000
8
BED
9
BATH
4,339
SQFT
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Description

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.

MLS #:
974783
Taxes
$19,636(2024)
Lot Size
0.64 acres
Type
Single-Family Home
Year Built
2018
Style
Contemporary
County
Okaloosa County

Listed By

Jw Group, Scenic Sotheby's International Realty
Source
EMERALD COAST
Last checked Apr 26 2025 at 2:28 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 8
  • Half Bathroom: 1
Subdivision
  • Crystal Beach
Utility Information
  • Utilities: Electric, Public Water
School Information
  • Elementary School: Destin
  • Middle School: Destin
  • High School: Destin
Stories
  • 3
Location
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Vendor Number:29098
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