124 Indian Bayou Drive, Destin, FL 32541

New Listing
$4,775,000
Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 6,254 Lot Size (sq. ft.): 38,768 Status: Active
Current Price: $4,775,000 List Date: 4/16/2026 Last Modified: 4/16/2026

Description

Rare 70'+ yacht-ready waterfront estate with dual deep-water slips in Indian Bayou. Welcome to 124 Indian Bayou Drive, an exceptional opportunity to own a waterfront estate at the mouth of Indian Bayou with sweeping Choctawhatchee Bay views. This yacht-ready residence offers nearly an acre homesite and approximately 158 feet of deep-water frontage, ideal for serious boaters and coastal lifestyle seekers. Hurricane-rated windows and French doors frame striking bayou and bay vistas from almost every room, setting the tone for refined waterfront living. This is a boater's paradise. The private mini marina features two lifts and two protected deep-water slips: one accommodating yachts over 70 feet and another for vessels up to 45 feet.

Supplements: Relax waterside while watching dolphins, sunsets, and the ever-changing colors over the bay. The rare sandy shoreline is ideal for paddleboard and kayak launches, creating an easy on-the-water lifestyle right from your backyard. No other Destin home so seamlessly combines panoramic bay and bayou views with yacht moorings, a private marina, expansive estate grounds, and iconic Southern architecture. Step inside to a luxurious, thoughtfully updated interior. The gourmet kitchen showcases illuminated, floor-to-ceiling glass-fronted cabinetry, granite countertops, a large breakfast bar, and expansive bay windows framing serene views of the water and pool. This space is perfect for both culinary artistry and effortless entertaining. The living area, sunroom, and primary suite all open onto a classic Southern-style back porch and gazebo, creating seamless indoor-outdoor living. The newly refinished saltwater pool and pavered deck are enhanced by fiber-optic lighting, offering an enchanting ambiance for evening gatherings and waterside events. From casual family time to cocktail parties under the stars, the outdoor spaces are designed for year-round enjoyment. Gentle bay breezes, wide open water views, and lush landscaping complete the resort-style setting. Along with the primary suite, there are two additional bedrooms and bathrooms on the main level, providing comfortable accommodations for family or guests. The layout is ideal for single-level everyday living while still offering excellent separation of spaces. Elegant finishes and timeless architectural details create a warm, welcoming atmosphere throughout the home. Access the versatile lower level by elevator or stairs to discover a true retreat. Here you'll find an in-law suite and an entertainment suite, plus two more bedrooms, two bathrooms, and a three-car garage that can be stacked for up to eight cars. This level is designed for flexible living--ideal for a gym, lounge, storage, or showcasing a prized car collection. A whole-house generator provides uninterrupted comfort and peace of mind. Situated within the desirable Indian Bayou golf community in the heart of Destin, this home offers the perfect blend of family-friendly living and resort-style luxury. Residents enjoy proximity to a premier semi-private golf course, top-rated schools, shopping, dining, and the sugar-white beaches of the Emerald Coast. This address truly delivers the ultimate coastal lifestyle in one of Destin's most established neighborhoods. Experience the Emerald Coast lifestyle at its finest--schedule your private tour of 124 Indian Bayou Drive and discover why this rare waterfront estate stands apart among Destin's finest bayfront homes. Make this yacht-ready sanctuary your next legacy property.

More Information MLS# 999396

Contract Info

Listing Board: Emerald Coast List Price/SqFt: 763.51 List Date: 2026-03-31 Current Price: $4,775,000 List Price: $4,775,000

Location, Tax and Legal

Sub Area: 1403 - Destin Northwest Elementary School: Destin Middle School: Destin High School: Destin Legal Description: INDIAN BAYOU S/D LOT 42 BLK I

General Property Info

Sub-Type: Detached Single Family Design: Traditional SqFt Source: Appraiser Immediate Occupancy: Yes Garage: Yes Carport: No Driveway Spaces: 6 Pool: Yes Pool Type: Private Apx SqFt(Htd/Cooled): 6254 Bedrooms: 5 Full Baths: 5 Total Bathrooms: 5 # Stories: 2 Year Built: 1991 Garage Spaces: 8 Acreage: 0.89

Listing Info, Tax & Legal

Homestead: Yes Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 252 Annual Assessment Amount: 252 Assessment Paid: Annually New Buyer Fee: Yes New Buyer Fee Amt: 299 New Buyer Fee Paid: $ Last Taxes: 17623.85 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: Rare 70'+ yacht-ready waterfront estate with dual deep-water slips in Indian Bayou. Welcome to 124 Indian Bayou Drive, an exceptional opportunity to own a waterfront estate at the mouth of Indian Bayou with sweeping Choctawhatchee Bay views. This yacht-ready residence offers nearly an acre homesite and approximately 158 feet of deep-water frontage, ideal for serious boaters and coastal lifestyle seekers. Hurricane-rated windows and French doors frame striking bayou and bay vistas from almost every room, setting the tone for refined waterfront living. This is a boater's paradise. The private mini marina features two lifts and two protected deep-water slips: one accommodating yachts over 70 feet and another for vessels up to 45 feet.

Waterfront

Bay: 1 Bayou: 1 Waterfront Feet: 158

Construction Status

Construction Complete: 1

Parking Features

Boat: 1 Garage: 1 Garage Attached: 1 Oversized: 1

Waterview

Bay: 1 Bayou: 1

Lot/Parcel Access

City Road: 1

Lot Features

Bulkhead/Seawall: 1 Covenants: 1 Flood Insurance Req: 1

Project Facilities

Golf: 1

Construction/Siding

Roof Metal: 1 Stucco: 1

Utilities

Electric: 1 Gas - Natural: 1 Phone: 1 Public Sewer: 1 Public Water: 1 TV Cable: 1 Underground: 1

Zoning

City: 1 Deed Restrictions: 1

Exterior

BBQ Pit/Grill: 1 Boat Slip: 1 Boatlift: 1 Dock: 1 Fenced Back Yard: 1 Hurricane Shutters: 1 Lawn Pump: 1 Pavillion/Gazebo: 1 Pool - Gunite Concrt: 1 Pool - In-Ground: 1 Porch: 1 Porch Open: 1 Renovated: 1 Shower: 1 Sprinkler System: 1

Interior

Basement Finished: 1 Basement Unfinished: 1 Breakfast Bar: 1 Built-In Bookcases: 1 Ceiling Beamed: 1 Ceiling Crwn Molding: 1 Ceiling Tray/Cofferd: 1 Elevator: 1 Fireplace: 1 Fireplace Gas: 1 Floor Hardwood: 1 Floor Marble: 1 Floor Tile: 1 Guest Quarters: 1 Kitchen Island: 1 Lighting Recessed: 1 Newly Painted: 1 Pantry: 1 Plantation Shutters: 1 Pull Down Stairs: 1 Renovated: 1 Shelving: 1 Split Bedroom: 1 Washer/Dryer Hookup: 1 Window Bay: 1 Window Treatment All: 1 Woodwork Painted: 1

Financing

Conventional: 1 Other: 1

Appliances

Auto Garage Door Opn: 1 Central Vacuum: 1 Cooktop: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Freezer: 1 Ice Machine: 1 Microwave: 1 Refrigerator: 1 Refrigerator W/IceMk: 1 Security System: 1 Smoke Detector: 1 Stove/Oven Gas: 1 Washer: 1

Energy

AC - 2 or More: 1 AC - Central Elect: 1 Ceiling Fans: 1 Double Pane Windows: 1 Heat - Two or More: 1 Storm Windows: 1 Water Heater - Elect: 1 Water Heater - Two +: 1

Mstr Bdrm/Mstr Bath

MBath Double Vanity: 1 MBath Shower Only: 1 MBed Walk-in Closet: 1 MBed Waterfront: 1

Master Bedroom

Second: 1

Bedroom

First: 1 Second: 1

Kitchen

First: 1 Second: 1

Rooms

Bedroom: 1 Bonus Room: 1 Breakfast Room: 1 Den: 1 Dining Area: 1 Family Room: 1 Kitchen: 1 Master Bedroom: 1 Other: 1 Sun Room: 1

Fees Include

Accounting: 1 Ground Keeping: 1 Security: 1

Status Change Info

Status: Active

Location Tax and Legal

Area: 14 - Destin Street #: 124 Street Name: Indian Bayou Street Suffix: Drive State: FL Zip Code: 32541 County: Okaloosa Project Name/Subdivision: INDIAN BAYOU Parcel ID: 00-2S-22-1280-000I-0420

Property Features

Construction Status: Construction Complete Lot Features: Bulkhead/Seawall; Covenants; Flood Insurance Req Zoning: Deed Restrictions Waterfront: Bay; Bayou Waterview: Bay; Bayou Parking Features: Boat; Garage; Garage Attached; Oversized Project Facilities: Golf Exterior: BBQ Pit/Grill; Boat Slip; Boatlift; Dock; Fenced Back Yard; Hurricane Shutters; Lawn Pump; Pavillion/Gazebo; Pool - Gunite Concrt; Pool - In-Ground; Porch; Porch Open; Renovated; Shower; Sprinkler System Interior: Basement Finished; Basement Unfinished; Breakfast Bar; Built-In Bookcases; Ceiling Beamed; Ceiling Crwn Molding; Ceiling Tray/Cofferd; Elevator; Fireplace; Fireplace Gas; Floor Hardwood; Floor Marble; Floor Tile; Guest Quarters; Kitchen Island; Lighting Recessed; Newly Painted; Pantry; Plantation Shutters; Pull Down Stairs; Renovated; Shelving; Split Bedroom; Washer/Dryer Hookup; Window Bay; Window Treatment All; Woodwork Painted Appliances: Auto Garage Door Opn; Central Vacuum; Cooktop; Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Refrigerator; Refrigerator W/IceMk; Security System; Smoke Detector; Stove/Oven Gas; Washer Utilities: Electric; Gas - Natural; Phone; Public Sewer; Public Water; TV Cable; Underground Energy: AC - 2 or More; AC - Central Elect; Ceiling Fans; Double Pane Windows; Heat - Two or More; Storm Windows; Water Heater - Elect; Water Heater - Two + Master Bedroom: Second Bedroom: First; Second Kitchen: First; Second Rooms: Bedroom; Bonus Room; Breakfast Room; Den; Dining Area; Family Room; Kitchen; Master Bedroom; Other; Sun Room Financing: Conventional; Other Fees Include: Accounting; Ground Keeping; Security

Room Information

Family Room Level: Second Dimensions: 27 x 24 Length: 27.00 Width: 24.00 Dimensions: 27 x 24 Dining Area Level: Second Dimensions: 25 x 16 Length: 25.00 Width: 16.00 Dimensions: 25 x 16 Kitchen Level: Second Dimensions: 21 x 16 Length: 21.00 Width: 16.00 Dimensions: 21 x 16 Breakfast Room Level: Second Dimensions: 21 x 16 Length: 21.00 Width: 16.00 Dimensions: 21 x 16 Sun Room Level: Second Dimensions: 27 x 13 Length: 27.00 Width: 13.00 Dimensions: 27 x 13 Other Level: Second Dimensions: 15 x 10 Length: 15.00 Width: 10.00 Remarks: Office Converted to Closet Dimensions: 15 x 10 Master Bedroom Level: Second Dimensions: 22 x 18 Length: 22.00 Width: 18.00 Dimensions: 22 x 18 Bedroom Level: Second Dimensions: 18 x 14 Length: 18.00 Width: 14.00 Dimensions: 18 x 14 Bedroom Level: Second Dimensions: 15 x 14 Length: 15.00 Width: 14.00 Dimensions: 15 x 14 Bedroom Level: First Dimensions: 13 x 13 Length: 13.00 Width: 13.00 Dimensions: 13 x 13 Bedroom Level: First Dimensions: 10 x 10 Length: 10.00 Width: 10.00 Dimensions: 10 x 10 Kitchen Level: First Dimensions: 12 x 8 Length: 12.00 Width: 8.00 Dimensions: 12 x 8 Den Level: First Dimensions: 20 x 20 Length: 20.00 Width: 20.00 Dimensions: 20 x 20 Bonus Room Level: First Dimensions: 50 x 36 Length: 50.00 Width: 36.00 Dimensions: 50 x 36
Listing Office: Keller Williams Realty Destin
Last Updated: April - 16 - 2026
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