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About This Home

This 7-bedroom, 6-bathroom single family at 4431 Luke Avenue in Destin, FL is listed for $1,549,000 ($548 per sqft). Built in 1991, the home offers 2,829 sqft of living space on a 0.32 acres lot.

Agent 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.

Key Features

  • Built in 1991
  • 0.32 acre lot

Property Details

1 story
6 full
1991

Amenities

HardwoodA/C

Monthly Cost Estimate

$8,284/mo

20% down · 6.5% · 30 years

Principal$1,120
Interest$6,712
Insurance$452

Estimates only. Actual payments may vary.

Location

4431 Luke Avenue

Destin, FL 32541

CRYSTAL BEACH

Property Details

Flooring

HardwoodTile

Construction

Siding Vinyl

Cooling

Central Air

Appliances

DishwasherOven Self CleaningRefrigerator W/IceMkSmoke DetectorStove/Oven Electric

Questions & Answers

This 7-bedroom, 6-bathroom single family at 4431 Luke Avenue is listed at $1,549,000 ($548/sqft). The estimated monthly payment is $6,712 based on 20% down at 6.5% interest.

Key features include: Built in 1991, 0.32 acre lot.

This property is listed by Kendra R Sheikho and can be reached at 3154056744 or kendra.sheikho@cbrealty.com.

KS

Kendra R Sheikho

Agent at Coldwell Banker Realty

(315) 405-6744

Listed by Coldwell Banker Realty · View on Broker Site

MLS# 971822· Source: listhub· Updated 437 days ago

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4431 Luke Avenue, Destin, FL 32541

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