4559 Luke Ave Destin, FL 32541
Estimated payment $16,609/month
Total Views
7,418
8
Beds
8.5
Baths
4,339
Sq Ft
$633
Price per Sq Ft
Highlights
- 0.64 Acre Lot
- Contemporary Architecture
- Multiple cooling system units
- Destin Elementary School Rated A-
- Living Room
- Dining Area
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 barideal for family fun or post-beach wind-downs.
Each bedroom offers a private escape with ensuite baths and refined coastal decor, 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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $19,636
Year Built
- Built in 2018
Home Design
- Contemporary Architecture
Interior Spaces
- 4,339 Sq Ft Home
- 3-Story Property
- Living Room
- Dining Area
Bedrooms and Bathrooms
- 8 Bedrooms
Schools
- Destin Elementary And Middle School
- Destin High School
Additional Features
- 0.64 Acre Lot
- Multiple cooling system units
Community Details
- Crystal Beach Subdivision
Listing and Financial Details
- Assessor Parcel Number 00-2S-22-0580-0031-0010
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $18,604 | $1,867,334 | $527,799 | $1,339,535 |
| 2023 | $18,604 | $1,804,274 | $493,270 | $1,311,004 |
| 2022 | $16,062 | $1,457,261 | $448,427 | $1,008,834 |
| 2021 | $13,837 | $1,114,227 | $308,448 | $805,779 |
| 2020 | $13,095 | $1,046,636 | $293,760 | $752,876 |
| 2019 | $13,098 | $1,032,576 | $293,760 | $738,816 |
| 2018 | $2,968 | $231,120 | $0 | $0 |
| 2017 | $2,559 | $195,840 | $0 | $0 |
| 2016 | $5,670 | $437,878 | $0 | $0 |
| 2015 | $5,355 | $411,453 | $0 | $0 |
| 2014 | $4,739 | $353,403 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Price Changed | $2,748,000 | +0.1% | $633 / Sq Ft |
| 05/30/2025 05/30/25 | Price Changed | $2,745,000 | -0.2% | $633 / Sq Ft |
| 04/25/2025 04/25/25 | For Sale | $2,750,000 | -- | $634 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,500,000 | Mead Law & Title | |
| Warranty Deed | $580,000 | Attorney | |
| Warranty Deed | $290,000 | Attorney | |
| Warranty Deed | $475,000 | Attorney | |
| Warranty Deed | $225,000 | Emerald Coast Title Svcs Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $510,400 | New Conventional | |
| Open | $880,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Similar Homes in Destin, FL
Source: Emerald Coast Association of REALTORS®
MLS Number: 974783
APN: 00-2S-22-0580-0031-0010
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