4559 Luke Avenue, Destin, FL 32541 (MLS# 974783)

4559 Luke Avenue, Destin, FL 32541

New Listing

$2,597,500

Property Type: Residential Bedrooms: 8 Baths: 9 Square Footage: 4,339 Lot Size (sq. ft.): 27,878 Status: Active

Current Price: $2,597,500 List Date: 12/01/2025 Last Modified: 12/01/2025

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.

Supplements: 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.

More Information MLS# 974783

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 598.64 List Date: 2025-04-24 Current Price: $2,597,500 List Price: $2,597,500

Location, Tax and Legal

Sub Area: 1404 - Destin Beach East Elementary School: Destin Middle School: Destin High School: Destin Legal Description: CRYSTAL BEACH LOT 1 BLK 31 & E1/2 OF 4TH ST PER BK 1273 PG 225 (RSL)

General Property Info

Sub-Type: Detached Single Family Design: Contemporary SqFt Source: County PA Records Garage: No Carport: No Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 4339 Bedrooms: 8 Full Baths: 8 Half Baths: 1 Total Bathrooms: 9 # Stories: 3 Year Built: 2018 Acreage: 0.64

Listing Info, Tax & Legal

Homestead: No Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 19636.08 Last Tax Year: 2024 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: 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.

Construction Status

Construction Complete: 1

Utilities

Electric: 1 Public Sewer: 1 Public Water: 1

Zoning

Resid Single Family: 1

Energy

AC - 2 or More: 1

Bedroom

First: 1 Second: 1 Third: 1

Kitchen

First: 1

Living Room

First: 1

Rooms

Bedroom: 1 Dining Area: 1 Kitchen: 1 Living Room: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 14 - Destin Street #: 4559 Street Name: Luke Street Suffix: Avenue State: FL Zip Code: 32541 County: Okaloosa Project Name/Subdivision: CRYSTAL BEACH Parcel ID: 00-2S-22-0580-0031-0010

Property Features

Construction Status: Construction Complete Zoning: Resid Single Family Utilities: Electric; Public Sewer; Public Water Energy: AC - 2 or More Bedroom: First; Second; Third Kitchen: First Living Room: First Rooms: Bedroom; Dining Area; Kitchen; Living Room

Room Information

Dining Area Level: First Dimensions: 0 x 0 Length: 0.00 Width: 0.00 Dimensions: 0 x 0 Bedroom Level: First Dimensions: 0 x 0 Length: 0.00 Width: 0.00 Dimensions: 0 x 0 Bedroom Level: First Dimensions: 0 x 0 Length: 0.00 Width: 0.00 Dimensions: 0 x 0 Bedroom Level: Second Dimensions: 0 x 0 Length: 0.00 Width: 0.00 Dimensions: 0 x 0 Bedroom Level: Second Dimensions: 0 x 0 Length: 0.00 Width: 0.00 Dimensions: 0 x 0 Bedroom Level: Second Dimensions: 0 x 0 Length: 0.00 Width: 0.00 Dimensions: 0 x 0 Bedroom Level: Third Dimensions: 0 x 0 Length: 0.00 Width: 0.00 Dimensions: 0 x 0 Bedroom Level: Third Dimensions: 0 x 0 Length: 0.00 Width: 0.00 Dimensions: 0 x 0 Kitchen Level: First Dimensions: 0 x 0 Length: 0.00 Width: 0.00 Dimensions: 0 x 0 Living Room Level: First Dimensions: 0 x 0 Length: 0.00 Width: 0.00 Dimensions: 0 x 0

Listing Office: Scenic Sotheby's International Realty

Last Updated: December - 01 - 2025

Broker Attribution: jwgroup@scenicsir.com

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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