4431 Luke Avenue, Destin, FL

$1,699,000

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7

Beds

6

Baths

2,829

Square feet

0.32

Acres

About 4431 Luke Avenue

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.

Features of 4431 Luke Avenue

MLS® # 971822
Price $1,699,000
Bedrooms 7
Bathrooms 6.00
Full Baths 6
Square Footage 2,829
Acres 0.32
Year Built 1991
Type Residential
Sub-Type Detached Single Family
Style Florida Cottage
Status Active

Community Information

Address 4431 Luke Avenue
Area 14 - Destin
Subdivision CRYSTAL BEACH
City Destin
County Okaloosa
State FL
Zip Code 32541

Amenities

Amenities Short Term Rental - Allowed
Utilities Public Sewer, Public Water, TV Cable
Has Pool Yes
Pool In Ground

Interior

Appliances Dishwasher
Cooling Central Air, Ceiling Fan(s)
# of Stories 1

Exterior

Windows Double Pane Windows, Window Treatments
Construction Siding Vinyl

School Information

Elementary Destin
Middle Destin
High Fort Walton Beach

Additional Information

Zoning City, Resid Single Family

Listing Details

OfficeColdwell Banker Realty

Listing Map

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