4559 Luke Avenue, Destin, FL 32541
Local realty services provided by:ERA Neubauer Real Estate, Inc.



4559 Luke Avenue,Destin, FL 32541
$2,748,000
- 8 Beds
- 9 Baths
- 4,339 sq. ft.
- Single family
- Active
Listed by:jw group
Office:scenic sotheby's international realty
MLS#:974783
Source:FL_ECAR
Price summary
- Price:$2,748,000
- Price per sq. ft.:$633.33
About this home
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 bar—ideal 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.
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Home facts
- Year built:2018
- Listing Id #:974783
- Added:115 day(s) ago
- Updated:August 08, 2025 at 02:40 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:9
- Full bathrooms:8
- Half bathrooms:1
- Living area:4,339 sq. ft.
Structure and exterior
- Year built:2018
- Building area:4,339 sq. ft.
- Lot area:0.64 Acres
Schools
- High school:Destin
- Middle school:Destin
- Elementary school:Destin
Utilities
- Water:Public Water
Finances and disclosures
- Price:$2,748,000
- Price per sq. ft.:$633.33
- Tax amount:$19,636 (2024)
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