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$2,750,000 Just Listed
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Property Description
Proven Rental History! $287k+ projections for 2026. Take a look at this stunning, fully furnished & decorated, beach house in the desirable neighborhood of Crystal Beach!! This luxurious 3-story home, featuring 8 spacious bedrooms and is walking distance to the beach making it the perfect retreat for large families or groups seeking a relaxing coastal getaway. As you step inside, you are greeted by an expansive open-concept living area on the main floor, elegantly designed with stunning wood beams, sleek finishes and ample natural light. This stunning kitchen offers stainless steel appliances, tile backsplash from countertop to ceiling, sleek quartz countertops, and a large island with seating for casual dining. The house offers not one, but two living areas on the first level providing plenty of space for entertainment and relaxation. Both living areas on the ground floor flow seamlessly into the dining space & kitchen. There is an additional sitting area on the second floor that offers a more intimate setting, perfect for enjoying quiet evenings or watching movies. The second floor also offers 4 additional bedrooms, each with their own en-suite bathroom. The home features a well-appointed bunk room on the third floor, designed with children and teens in mind, offering a fun and comfortable space for them to enjoy. Each of the 8 bedrooms is thoughtfully designed to provide a serene retreat, with ample storage and en-suite or nearby bathroom access. Also, from the third floor, enjoy enchanting views of the Gulf of Mexico, reminding you of your proximity to the beautiful white sandy beaches Destin is famous for. One of the highlights of this magnificent property is the private heated pool and spa, ideal for year-round enjoyment. The pool area is surrounded by a spacious deck, perfect for sunbathing, outdoor dining, and hosting poolside gatherings. The location of this beach house is unbeatable, just a short stroll away from the beach, local dining, shopping, and entertainment options. This Crystal Beach gem combines modern luxury with the charm of coastal living, making it an ideal investment for a vacation rental or a dreamy permanent residence. Don't miss the opportunity to own this exquisite piece of paradise.
Full Property Details
Full Property Details for 4550 Luke Ave
General
- Price: $2,750,000
- Taxes: $22,275 (2025)
- Status: Active
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 993032
- Updated: 1/16/2026
- Added to Site: 1 day(s) ago
Interior
- Rooms/Areas: Bedroom, Kitchen, Living Room
- Interior Features: Ceiling Beamed, Floor Tile, Floor Vinyl, Furnished - All, Kitchen Island, Owner's Closet, Washer/Dryer Hookup, Window Treatment All
- Appliances: Dishwasher, Dryer, Microwave, Oven Self Cleaning, Refrigerator, Refrigerator W/IceMk, Stove/Oven Electric, Washer
Rooms
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 8
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Living Room: Living Room
- Kitchen: Kitchen
Additional Information
- Pool: Yes
Exterior
- Exterior Features: Balcony, BBQ Pit/Grill, Fenced Back Yard, Fenced Lot-All, Hot Tub, Pool - Heated, Pool - In-Ground, Sprinkler System
Location
- Area: 14 - Destin
- County: Okaloosa
- Subdivision: Crystal Beach
- Driving Directions: From Hwy 98, turn south onto Crystal Beach Drive. At the stop sign, turn left onto Luke Avenue. Home will be on the righthand side of the road, on the corner of Luke and Pompano St.
School Information
- Elementary School: Destin
- Middle School: Destin
- High School: Destin
Heating & Cooling
- Heating/Cooling: AC - 2 or More, AC - Central Elect, Heat Cntrl Electric, Water Heater - Gas, Water Heater - Tnkls
Utilities
- Utility Description: Electric, Gas - Natural, Public Sewer, Public Water
Structural Information
- Architectural Style: Beach House
- Construction: Roof Metal, Siding CmntFbrHrdBrd
- Stories/Levels: 3
- Square Feet: 4,956
- Sq. Ft. Source: Building Plan
- Year Built: 2024
Lot Features
- Property View: Gulf
- Lot Size (Acres): 0.17
- Lot Dimensions: 50 x 150
- Street/Road Desc.: City Road, Paved Road
- Lot Features: Corner, Within 1/2 Mile to Water
- Zoning: City, Resid Single Family
Financial Considerations
- Tax Amount: $22,275
- Tax Year: 2025
- Terms: Conventional
Disclosures and Reports
- Legal Description: CRYSTAL BEACH LOT 10 BLK 24
- APN: 00-2S-22-0580-0024-0100
Listed by Compass
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Schools
Schools serving 4550 Luke Ave
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Destin Middle School 4608 Legendary Marina Drive, Destin, FL 32541 | 5-8 | 1.1 mi |
Destin Elementary School 630 Kelly Street, Destin, FL 32541 | PK-4 | 4.5 mi |
Fort Walton Beach High School 400 Hollywood Boulevard Southwest, Fort Walton Beach, FL 32548 | 9-12 | 13.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4550 Luke Ave
Date
Details
Price
Change
Source
1/16/2026
Listed
$2,750,000
284.62%
MLS
1/25/2023
Sold
$715,000
—
Public Record
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 4550 Luke Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$23,204
256%
$1,959,204
256%
2024
$6,513
240%
$549,791
170%
2023
$1,914
—
$203,723
6%
2021
$1,906
—
$192,028
-3%
2022
$1,914
—
$197,789
4%
2021
$1,906
2%
$189,377
2%
2019
$1,863
1%
$185,119
2%
2018
$1,843
—
$181,667
2%
2017
$1,837
3%
$177,930
2%
2016
$1,787
-1%
$174,270
1%
2015
$1,812
1%
$173,059
2%
2013
$1,800
—
$169,149
—
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 4550 Luke Ave
4550 Luke Avenue, Destin, FL 32541 (MLS# 993032) is a Single Family property with 8 bedrooms and 8 full bathrooms. 4550 Luke Avenue is currently listed for $2,750,000 and was received on January 16, 2026. Want to learn more about 4550 Luke Avenue? 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.

