4431 Luke Avenue Destin, FL 32541
Listing Courtesy of: EMERALD COAST / Coldwell Banker Realty / Kendra Sheikho

  4431 Luke Avenue Destin, FL 32541

Active (6 Days)
$1,699,000 (USD)
7
BED
6
BATH
2,829
SQFT

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.

MLS #:
971822
Taxes
$9,614(2023)
Lot Size
0.32 acres
Type
Single-Family Home
Year Built
1991
Style
Florida Cottage
County
Okaloosa County

Listed By

Kendra Sheikho, Coldwell Banker Realty
Source
EMERALD COAST
Last checked Feb 4 2026 at 3:26 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 6
Kitchen
  • Dishwasher
  • Stove/Oven Electric
  • Smoke Detector
  • Refrigerator W/Icemk
  • Oven Self Cleaning
Subdivision
  • Crystal Beach
Heating and Cooling
  • Central Air
  • Ceiling Fans
Utility Information
  • Utilities: Public Water, Tv Cable
School Information
  • Elementary School: Destin
  • Middle School: Destin
  • High School: Fort Walton Beach
Stories
  • 1

Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 29, 2025
Price Changed
$1,699,000
-6%
-$100,000
Location
   
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Disclaimer: Information deemed reliable but not guaranteed. The 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. © 2026 Emerald Coast Association of REALTORS Last Updated: 2/4/26 07:26
Vendor Number:29098