1. Florida
2. Destin
3. 4559 Luke Avenue

4559 Luke Avenue, Destin, FL 32541

• 8 beds |
• 9 baths |
• 4,339 sqft

Property Description

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 décor, 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.

Listing Status:

Active

Date Added:

April 25, 2025 at 05:00AM

Listing Office:

Scenic Sotheby's International Realty : 850-231-6052

Listing Agent:

JW Group : 850-218-8797

MLS ID:

974783

Exterior

• Style: Contemporary
• Pool: Pool Type

Construction

Location

Lot

Utilities

Financial

This listing courtesy of JW Group, Scenic Sotheby's International Realty