NOT LISTED FOR SALE

4563 Luke Ave Destin, FL 32541

Estimated Value: $1,608,000 - $1,888,000

6 Beds
5.5 Baths
3,548 Sq Ft
$493/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $1,100,000 $310 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $10,402/month

50 Days on Market

Highlights

  • Beach
  • Heated In Ground Pool
  • Vaulted Ceiling
  • Destin Elementary School Rated A-
  • Newly Painted Property
  • Beach House

About This Home

As of September 2020

Newly built and finely appointed, this gorgeous coastal retreat is primely situated with excellent proximity to world class beaches in the heart of the Crystal Beach corridor in Destin, Florida. Strategically designed and furnished to optimize short term rental opportunity, this property yields a thoughtful layout curated to maximize functionality. Notable features include a private pool with ample space for lounging and entertaining, a spacious open floor-plan with two stories as well as a generous allocation of space in the brick paved parking court. The first level offers a sizable open living room adjacent to the well equipped kitchen designed for entertaining and flowing out to the covered lanai and private pool area as well as fenced privacy. The master suite is conveniently located on the first floor and offers ample privacy including en-suite bathroom complete with dual vanities, tub and separate shower. There is an additional guest en-suite on the first floor. Upstairs, additional guest suites and a bunk room will comfortably accommodate your guests. There are a total of six bedroom suites with a seventh flex space that is currently utilized as an overflow sleeping area.

Crystal Beach is located in the heart of Destin near exemplary beach access as well as prime shopping, world class restaurants, golfing, boating and local entertainment. 4563 Luke Avenue is situated south of Destin Commons which features premier national tenants including Whole Foods.

Last Agent to Sell the Property

Spears Group

Scenic Sotheby's International Realty Listed on: 06/30/2020

Last Buyer's Agent

Steven Knight

Century 21 Wimco Realty Inc License #3352207

Century 21 Wimco Realty Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,105

Year Built

  • Built in 2019

Lot Details

  • Lot Dimensions are 50x154
  • Back Yard Fenced
  • Sprinkler System
  • Property is zoned City, Resid Single Family

Parking

  • Oversized Parking

Home Design

  • Beach House
  • Newly Painted Property
  • Exterior Columns
  • Pitched Roof
  • Metal Roof
  • Cement Board or Planked
  • Stucco

Interior Spaces

  • 3,548 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Crown Molding
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Living Room
  • Dining Room
  • Bonus Room
  • Fire and Smoke Detector

Kitchen

  • Electric Oven or Range
  • Self-Cleaning Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom
  • Garden Bath

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

  • Destin Elementary And Middle School
  • Fort Walton Beach High School

Utilities

  • High Efficiency Air Conditioning
  • Central Air
  • High Efficiency Heating System
  • Air Source Heat Pump
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-0580-0031-0030

Community Details

Overview

  • Crystal Beach Subdivision

Recreation

  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,105

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 50x154
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Crystal Beach
  • Directions: From US Highway 98, turn south on Regatta Bay Blvd. Follow Regatta Bay Blvd, turn right onto Luke Ave and the home will be on your right, just past Tarpon St.
  • Architectural Style: Beach House
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2019
  • Remarks Misc:Remarks: Newly built and finely appointed, this gorgeous coastal retreat is primely situated with excellent proximity to world class beaches in the heart of the Crystal Beach corridor in Destin, Florida. Strategically designed and furnished to optimize short term rental opportunity, this property yields a thoughtful layout curated to maximize functionality. Notable features include a private pool with ample space for lounging and entertaining, a spacious open floor-plan with two stories as well as a generous allocation of space in the brick paved parking court.
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Rooms:Living Room: Yes
  • Energy:Heat High Efficiency: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:AC - High Efficiency: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Heat Pump Air To Air: Yes
  • Rooms:Bonus Room: Yes
  • Energy:Water Heater - Gas: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Ice Machine, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Interior Amenities: Ceiling Crwn Molding, Ceiling Raised, Floor Laminate, Floor Tile, Furnished - All, Kitchen Island, Lighting Recessed, Newly Painted, Washer/Dryer Hookup, Window Treatment All
  • Interior:WasherDryer Hookup: Yes
  • Appliances:Cooktop: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Ice Machine: Yes
  • Appliances:Smoke Detector: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Newly Painted: Yes
  • Interior:Floor Laminate: Yes

Exterior Features

  • Lot Features: Sidewalk, Survey Available, Within 1/2 Mile to Water
  • Pool Features: Pool Type
  • Construction Type: Roof Metal, Roof Pitched, Siding CmntFbrHrdBrd, Stucco
  • Exterior Features: Balcony, Columns, Fenced Back Yard, Fenced Privacy, Patio Covered, Patio Open, Pool - Gunite Concrt, Pool - Heated, Pool - In-Ground, Porch, Porch Open, Sprinkler System
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Exterior:Porch: Yes
  • Lot Features:Survey Available: Yes
  • ConstructionSiding:Roof Metal: Yes
  • ConstructionSiding:Stucco: Yes
  • Exterior:Balcony: Yes
  • ConstructionSiding:Roof Pitched: Yes
  • Exterior:Patio Open: Yes
  • Exterior:Patio Covered: Yes
  • Exterior:Porch Open: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Pool - Heated: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Fenced Back Yard: Yes
  • Exterior:Fenced Privacy: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:Columns: Yes
  • Lot Features:Sidewalk: Yes
  • Exterior:Pool - Gunite Concrt: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Oversized
  • Parking Features:Oversized: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump Air To Air
  • Heating Yn: Yes
  • Utilities: Electric, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach

Schools

  • Elementary School: Destin
  • High School: Fort Walton Beach
  • Middle Or Junior School: Destin

Lot Info

  • Parcel #: 00-2S-22-0580-0031-0030
  • Zoning: City, Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3105.16
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2020
Closed on
Sep 25, 2020
Sold by
Luke Property Holdings Llc
Bought by
Equisource Holdings Corporation
Seller's Agent
Spears Group
Scenic Sotheby's International Realty
Buyer's Agent
Steven Knight
Century 21 Wimco Realty Inc
List Price
$1,100,000
Sold Price
$1,100,000
Current Estimated Value
$1,748,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$648,597
Avg. Annual Appreciation
9.10%
Original Mortgage
$880,000
Outstanding Balance
$779,166
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$969,431

Purchase Details

Listed on
Jun 30, 2020
Closed on
Sep 4, 2020
Sold by
Atlas Exchange 151 Llc
Bought by
Luke Property Holdings Llc
Seller's Agent
Spears Group
Scenic Sotheby's International Realty
Buyer's Agent
Steven Knight
Century 21 Wimco Realty Inc
List Price
$1,100,000
Sold Price
$1,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Outstanding Balance
$779,166
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$969,431
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Equisource Holdings Corporation $1,100,000 Aqua Title Services
Luke Property Holdings Llc -- Aqua Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Equisource Holdings Corporation $880,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2020 09/25/20 Sold $1,100,000 0.0% $310 / Sq Ft
08/19/2020 08/19/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $1,100,000 -- $310 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2025 $16,185 $1,468,154 $453,027 $1,015,127
2024 $14,710 $1,486,144 $439,832 $1,046,312
2023 $14,710 $1,434,271 $411,058 $1,023,213
2022 $12,682 $1,155,752 $373,689 $782,063
2021 $10,875 $875,729 $257,040 $618,689
2020 $10,282 $821,758 $244,800 $576,958
2019 $3,105 $244,800 $244,800 $0
2018 $2,473 $192,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 849737

Emerald Coast Association of REALTORS®

APN: 00-2S-22-0580-0031-0030