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$4,775,000 Just Listed
Property Description
Rare 70'+ yacht-ready waterfront estate with dual deep-water slips in Indian Bayou. Welcome to 124 Indian Bayou Drive, an exceptional opportunity to own a waterfront estate at the mouth of Indian Bayou with sweeping Choctawhatchee Bay views. This yacht-ready residence offers nearly an acre homesite and approximately 158 feet of deep-water frontage, ideal for serious boaters and coastal lifestyle seekers. Hurricane-rated windows and French doors frame striking bayou and bay vistas from almost every room, setting the tone for refined waterfront living. This is a boater's paradise. The private mini marina features two lifts and two protected deep-water slips: one accommodating yachts over 70 feet and another for vessels up to 45 feet. Relax waterside while watching dolphins, sunsets, and the ever-changing colors over the bay. The rare sandy shoreline is ideal for paddleboard and kayak launches, creating an easy on-the-water lifestyle right from your backyard. No other Destin home so seamlessly combines panoramic bay and bayou views with yacht moorings, a private marina, expansive estate grounds, and iconic Southern architecture. Step inside to a luxurious, thoughtfully updated interior. The gourmet kitchen showcases illuminated, floor-to-ceiling glass-fronted cabinetry, granite countertops, a large breakfast bar, and expansive bay windows framing serene views of the water and pool. This space is perfect for both culinary artistry and effortless entertaining. The living area, sunroom, and primary suite all open onto a classic Southern-style back porch and gazebo, creating seamless indoor-outdoor living. The newly refinished saltwater pool and pavered deck are enhanced by fiber-optic lighting, offering an enchanting ambiance for evening gatherings and waterside events. From casual family time to cocktail parties under the stars, the outdoor spaces are designed for year-round enjoyment. Gentle bay breezes, wide open water views, and lush landscaping complete the resort-style setting. Along with the primary suite, there are two additional bedrooms and bathrooms on the main level, providing comfortable accommodations for family or guests. The layout is ideal for single-level everyday living while still offering excellent separation of spaces. Elegant finishes and timeless architectural details create a warm, welcoming atmosphere throughout the home. Access the versatile lower level by elevator or stairs to discover a true retreat. Here you'll find an in-law suite and an entertainment suite, plus two more bedrooms, two bathrooms, and a three-car garage that can be stacked for up to eight cars. This level is designed for flexible living--ideal for a gym, lounge, storage, or showcasing a prized car collection. A whole-house generator provides uninterrupted comfort and peace of mind. Situated within the desirable Indian Bayou golf community in the heart of Destin, this home offers the perfect blend of family-friendly living and resort-style luxury. Residents enjoy proximity to a premier semi-private golf course, top-rated schools, shopping, dining, and the sugar-white beaches of the Emerald Coast. This address truly delivers the ultimate coastal lifestyle in one of Destin's most established neighborhoods. Experience the Emerald Coast lifestyle at its finest--schedule your private tour of 124 Indian Bayou Drive and discover why this rare waterfront estate stands apart among Destin's finest bayfront homes. Make this yacht-ready sanctuary your next legacy property.
Full Property Details
Full Property Details for 124 Indian Bayou Dr
General
- Price: $4,775,000
- Taxes: $17,623 (2025)
- Status: Active
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 999396
- Updated: 4/16/2026
- Added to Site: 3 day(s) ago
Rental Information
- Complex Features: Golf
Interior
- Number of Rooms: 14
- Interior Features: Breakfast Bar, Built-In Bookcases, Ceiling Beamed, Ceiling Crwn Molding, Ceiling Tray/Cofferd, Elevator, Fireplace, Guest Quarters, Kitchen Island, Lighting Recessed, Newly Painted, Pantry, Pull Down Stairs, Shelving, Split Bedroom, Washer/Dryer Hookup, Woodwork Painted
- Fireplace: Yes
- Fireplace(s): Fireplace Gas
- Appliances: Auto Garage Door Opn, Central Vacuum, Cooktop, Dishwasher, Disposal, Dryer, Freezer, Ice Machine, Microwave, Refrigerator, Refrigerator W/IceMk, Security System, Smoke Detector, Stove/Oven Gas, Washer, Water Heater - Elect
- Flooring: Floor Hardwood, Floor Marble, Floor Tile
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 5
Additional Information
- Pool: Yes
- Pool Description: Pool - In-Ground, Pool Type
Exterior
- Exterior Features: BBQ Pit/Grill, Boat Slip, Boatlift, Dock, Fenced Back Yard, Hurricane Shutters, Lawn Pump, Pavillion/Gazebo, Pool - Gunite Concrt, Shower, Sprinkler System
- Porch/Patio/Deck: Porch, Porch Open
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 8
- Parking Features: Garage, Boat, Oversized
Location
- Area: 14 - Destin
- County: Okaloosa
- Subdivision: INDIAN BAYOU
- Driving Directions: Turn right on Country Club Dr. into Indian Bayou Subdivision. At the dead end, turn left on Indian Bayou Dr. Home is about 3/10 of a mile down on the right.
School Information
- Elementary School: Destin
- Middle School: Destin
- High School: Destin
Community
- Association: Yes
- Assoc. Fees Include: Accounting, Ground Keeping, Security
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Ceiling Fans, Central Air
- Heating/Cooling: Ceiling Fans, Central Air
Utilities
- Sewer: Public Sewer
- Utility Description: Electric, Gas - Natural, Phone, Public Water, TV Cable, Underground
Structural Information
- Architectural Style: Traditional
- Construction: Stucco
- Exterior Const.: Stucco
- Stories/Levels: 2
- Square Feet: 6,254
- Sq. Ft. Source: Appraiser
- Year Built: 1991
Lot Features
- Property View: Bayou, Bay
- Lot Size (Acres): 0.89
- Lot Size (Sq. Ft.): 38,768.4
- Lot Dimensions: 155 x 381
- Frontage: City Street
- Lot Features: Bulkhead/Seawall, Covenants, Flood Insurance Req
- Zoning: City, Deed Restrictions
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Type: Bay, Bayou
Financial Considerations
- Assessment Amount: $252
- Tax Amount: $17,623.85
- Tax Year: 2025
Disclosures and Reports
- Legal Description: INDIAN BAYOU S/D LOT 42 BLK I
- APN: 00-2S-22-1280-000I-0420
- Property ID: 00-2S-22-1280-000I-0420
Listed by Keller Williams Realty Destin
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Schools
Schools serving 124 Indian Bayou Dr
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Destin Middle School 4608 Legendary Marina Drive, Destin, FL 32541 | 5-8 | 1.6 mi |
Destin Elementary School 630 Kelly Street, Destin, FL 32541 | PK-4 | 2.3 mi |
Fort Walton Beach High School 400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548 | 9-12 | 11.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 124 Indian Bayou Dr
Date
Details
Price
Change
Source
4/16/2026
Listed
$4,775,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 124 Indian Bayou Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,624
3%
$1,527,105
3%
2024
$17,123
2%
$1,484,067
3%
2023
$16,752
2%
$1,440,842
6%
2021
$16,393
—
$1,358,132
-3%
2022
$16,395
—
$1,398,876
4%
2021
$16,393
24%
$1,339,381
24%
2019
$13,215
1%
$1,079,593
2%
2018
$13,121
—
$1,059,463
2%
2017
$13,073
3%
$1,037,672
2%
2016
$12,725
-1%
$1,016,329
1%
2015
$12,890
—
$1,009,264
2%
2013
$12,874
—
$988,140
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 124 Indian Bayou Dr
124 Indian Bayou Drive, Destin, FL 32541 (MLS# 999396) is a Single Family property with 5 bedrooms and 5 full bathrooms. 124 Indian Bayou Drive is currently listed for $4,775,000 and was received on April 16, 2026. Want to learn more about 124 Indian Bayou Drive? Do you have questions about finding other Single Family real estate for sale in Destin? You can browse all Destin real estate or contact a Coldwell Banker agent to request more information.
