$1,549,000

4431 Luke Avenue, Destin, FL 32541

7 beds |
6 baths |
2,829 sqft

Single-Family Home
Built in 1991
0.32acre lot
—— car garage
$548/sqft
Listed 1 year ago

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.

Listing Status:: Active
Date Added:: April 8, 2026
Data Last Updated:: May 2, 2026 at 5:22AM
Listing Office:: Coldwell Banker Realty : 850-682-4300
Listing Agent:: Kendra R Sheikho : 315-405-6744
MLS ID:: 971822

Appliances: Dishwasher
Flooring: HardwoodTile
A/C: Central AirCeiling Fan(s)

Style: Florida Cottage
Pool: In Ground

Windows: Double Pane WindowsWindow Treatments
General: Siding Vinyl1

Golf: Short Term Rental - Allowed
Originating MLS: Emerald Coast Association of REALTORS®
County: Okaloosa

Zoning: CityResid Single Family00-2S-22-0580-0039-0060

Water: 0

Source: Emerald Coast Association of REALTORS®

This listing courtesy of Kendra R Sheikho , Coldwell Banker Realty

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Principal & Interest $
Property Taxes $
Home Insurance $
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