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4431 Luke Avenue

Destin, FL 32541
  • $1,549,000
  • STATUS: Active
  • ON SITE: 390 Days
  • MLS #: 971822
UPDATED: 211 min ago
$1,549,000
  • 7
    BEDS
  • 0.32
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 2,829
    SQFT
  • $548
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1991
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Welcome to an exceptional coastal retreat in the heart of Crystal Beach, where location, flexibility, and investment potential converge. Just two blocks from beach access and positioned on a desirable south-facing homesite, this impressive property offers sunshine-filled living and outstanding versatility. Spanning approximately 2,869 square feet, the residence includes a 4-bedroom, 3-bath main home complemented by a separate 3-bedroom, 3-bath guest house—ideal for hosting extended family, accommodating guests, or maximizing rental flexibility. Thoughtfully designed for comfort and function, the layout supports both personal enjoyment and income-producing use. Outdoor living shines with an in-ground pool, elegant paver driveway, and a rare 1.5-lot homesite, a true standout in Crystal Beach. Offered fully furnished, this turn-key property allows for immediate enjoyment or seamless continuation of its current use. The home has been utilized as a short-term rental and has demonstrated strong historical rental performance, with seller-provided figures indicating approximately $90,000-$110,000 in annual gross rental income (buyer to independently verify). Additionally, vacant lots in Crystal Beach have recently been marketed at approximately $1,000,000, underscoring the value of this location. Whether you're seeking a coastal second home, a multi-generational beach retreat, or a property with income potential, this Crystal Beach opportunity delivers on lifestyle and location.

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© 2026 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rosemary Beach Realty, LLC. Vendor Member number: 28178. Data last updated: 2026-04-16T00:00:37.327.
Vendor Member #28178.
www.rosemarybeachrealty.com/homes/161749811
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4431 Luke Avenue Destin, FL 32541

  • Price: $1,549,000
  • Status: Active
  • On Site: 390 Days
  • Updated: 211 min ago
  • MLS #: 971822
7
Beds
6
Baths
0
½ Baths
0.32
Acres
2,829
SQFT
$548
$/SQFT
1991
Built
Neighborhood:
Crystal Beach
County:
Okaloosa
Area:
Destin
Elementary School:
Destin
Middle School:
Destin
High School:
Fort Walton Beach
Property Description
Welcome to an exceptional coastal retreat in the heart of Crystal Beach, where location, flexibility, and investment potential converge. Just two blocks from beach access and positioned on a desirable south-facing homesite, this impressive property offers sunshine-filled living and outstanding versatility. Spanning approximately 2,869 square feet, the residence includes a 4-bedroom, 3-bath main home complemented by a separate 3-bedroom, 3-bath guest house—ideal for hosting extended family, accommodating guests, or maximizing rental flexibility. Thoughtfully designed for comfort and function, the layout supports both personal enjoyment and income-producing use. Outdoor living shines with an in-ground pool, elegant paver driveway, and a rare 1.5-lot homesite, a true standout in Crystal Beach. Offered fully furnished, this turn-key property allows for immediate enjoyment or seamless continuation of its current use. The home has been utilized as a short-term rental and has demonstrated strong historical rental performance, with seller-provided figures indicating approximately $90,000-$110,000 in annual gross rental income (buyer to independently verify). Additionally, vacant lots in Crystal Beach have recently been marketed at approximately $1,000,000, underscoring the value of this location. Whether you're seeking a coastal second home, a multi-generational beach retreat, or a property with income potential, this Crystal Beach opportunity delivers on lifestyle and location.
Exterior Features

Architectural Style Florida Cottage Carport YN No Construction Materials Siding Vinyl Exterior Features [] Lot Features [] Lot Size Dimensions 164x80 Parking Features [] Pool YN Yes Road Frontage Type [] Road Surface Type [] View [] Waterfront Features []

Interior Features

Appliances DishwasherOven Self CleaningRefrigerator W/IceMkSmoke DetectorStove/Oven Electric Cooling Ceiling FansCentral Air Cooling YN Yes First Floor Bedroom Yes Heating [] Interior Features [] Primary Bedroom First Floor Yes Rooms Total 9

Property Features

Association Fee Includes [] Buyer Financing ConventionalFHAVAOther Community Features Short Term Rental - Allowed Green Energy Efficient [] New Construction YN No Pool Type Private Property Condition Construction Complete Property Sub Type Detached Single Family Short Term Rental Allowed Yes Special Listing Conditions [] Tax Amount 9614.35 Tax Year 2023 Utilities Public WaterTV Cable Zoning CityResid Single Family

Listing courtesy of Coldwell Banker Realty: 850-682-4300.


© 2026 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rosemary Beach Realty, LLC. Vendor Member number: 28178. Data last updated: 2026-04-16T00:00:37.327.
Vendor Member #28178.
 
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Rosemary Beach Realty, LLC
78C N. Barrett Square
Inlet Beach FL, 32461