4559 Luke Avenue, Destin, FL 32541

$2,596,500
Property Type: Residential Bedrooms: 8 Baths: 9 Square Footage: 4,339 Lot Size (sq. ft.): 27,878 Status: Active
Current Price: $2,596,500 List Date: 12/01/2025 Last Modified: 12/12/2025

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

Status Change Info

Status: Active

Contract Info

List Date: 2025-04-24 Current Price: $2,596,500 List Price: $2,596,500 List Price/SqFt: 598.41 Listing Board: Emerald Coast

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

General Property Info

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

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

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Listing Office: Scenic Sotheby's International Realty
Last Updated: December - 12 - 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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