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: $1K (12/12)
$2,596,500
4559 Luke Ave, Destin, FL 32541
8beds
4,339sqft
Est.:
Single Family Residence
Built in 2018
0.64 Acres Lot
$2,467,400 Zestimate®
$598/sqft
$-- HOA
What's special
Outdoor kitchenPool tableOpen-concept layoutSunlit living spaceGourmet kitchenFire pitDouble lot
- 233 days |
- 164 |
- 6 |
Zillow last checked: 8 hours ago
Listing updated: December 11, 2025 at 11:55pm
Listed by:
JW Group jwgroup@scenicsir.com,
Scenic Sotheby's International Realty
Source: ECAOR,MLS#: 974783
Originating MLS: Emerald Coast
Tour with a local 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: $598/sqft
- Tax assessed value: $1,867,334
- Annual tax amount: $19,636
- Date on market: 4/25/2025
- Cumulative days on market: 234 days
- Electric utility on property: Yes
Estimated market value
$2,467,400
$2.34M - $2.59M
$7,270/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2025 | Price change | $2,596,5000%$598/sqft |
Source: | ||
| 12/1/2025 | Listed for sale | $2,597,500$599/sqft |
Source: | ||
| 11/21/2025 | Pending sale | $2,597,500$599/sqft |
Source: | ||
| 11/4/2025 | Price change | $2,597,5000%$599/sqft |
Source: | ||
| 10/10/2025 | Price change | $2,598,0000%$599/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $19,636 +5.5% | $1,483,037 -17.8% |
| 2023 | $18,604 +15.8% | $1,804,274 +23.8% |
| 2022 | $16,062 +16.1% | $1,457,261 +30.8% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$16,558/mo
Principal & interest
$12988
Property taxes
$2661
Home insurance
$909
Climate risks
Neighborhood: 32541
Nearby schools
GreatSchools rating
- 8/10Destin Middle SchoolGrades: 5-8Distance: 1.1 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 13.4 mi
- 10/10Destin Elementary SchoolGrades: PK-4Distance: 4.5 mi
Schools provided by the listing agent
- Elementary: Destin
- Middle: Destin
- High: Destin
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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