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$2,596,900
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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.
Full Property Details
Full Property Details for 4559 Luke Ave
General
- Price: $2,596,900
- Taxes: $19,636 (2024)
- Status: Active
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 974783
- Updated: 1/12/2026
- Added to Site: 265 day(s) ago
Interior
- Rooms/Areas: Bedroom, Dining Area, Kitchen, Living Room
Rooms
Bathrooms
- Total Bathrooms: 9
- Full Bathrooms: 8
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Living Room: Living Room
- Kitchen: Kitchen
Additional Information
- Pool: Yes
Location
- Area: 14 - Destin
- County: Okaloosa
- Subdivision: Crystal Beach
- Driving Directions: Turn south off 98 turn first cross street onto Luke ave
School Information
- Elementary School: Destin
- Middle School: Destin
- High School: Destin
Heating & Cooling
- Heating/Cooling: AC - 2 or More
Utilities
- Utility Description: Electric, Public Sewer, Public Water
Structural Information
- Architectural Style: Contemporary
- Stories/Levels: 3
- Square Feet: 4,339
- Sq. Ft. Source: County PA Records
- Year Built: 2018
Lot Features
- Lot Size (Acres): 0.64
- Lot Dimensions: 0.64 acres
- Zoning: Resid Single Family
Financial Considerations
- Tax Amount: $19,636
- Tax Year: 2024
Disclosures and Reports
- Legal Description: CRYSTAL BEACH LOT 1 BLK 31 & E1/2 OF 4TH ST PER BK 1273 PG 225 (RSL)
- APN: 00-2S-22-0580-0031-0010
Listed by Scenic Sotheby's International Realty
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Schools
Schools serving 4559 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 | 13.4 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 4559 Luke Ave
Date
Details
Price
Change
Source
1/12/2026
Price Increased
$2,596,900
0.02%
MLS
12/12/2025
Price Reduced
$2,596,500
-0.04%
MLS
11/04/2025
Price Reduced
$2,597,500
-0.02%
MLS
10/10/2025
Price Reduced
$2,598,000
-0.04%
MLS
9/25/2025
Price Reduced
$2,599,000
-5.35%
MLS
9/11/2025
Price Reduced
$2,746,000
-0.04%
MLS
8/22/2025
Price Reduced
$2,747,000
-0.04%
MLS
8/08/2025
Price Increased
$2,748,000
0.11%
MLS
5/30/2025
Price Reduced
$2,745,000
-0.18%
MLS
4/25/2025
Listed
$2,750,000
83.33%
MLS
11/20/2018
Sold
$1,500,000
—
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 4559 Luke Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,398
4%
$1,831,616
-2%
2024
$19,636
6%
$1,867,334
3%
2023
$18,604
34%
$1,804,274
62%
2021
$13,837
-14%
$1,114,227
-24%
2022
$16,062
16%
$1,457,261
39%
2021
$13,837
6%
$1,046,636
1%
2019
$13,098
341%
$1,032,576
347%
2018
$2,968
16%
$231,120
18%
2017
$2,559
-55%
$195,840
-55%
2016
$5,670
6%
$437,878
6%
2015
$5,355
13%
$411,453
16%
2014
$4,739
7%
$353,403
8%
2013
$4,417
—
$326,646
—
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 4559 Luke Ave
4559 Luke Avenue, Destin, FL 32541 (MLS# 974783) is a Single Family property with 8 bedrooms, 8 full bathrooms and 1 partial bathroom. 4559 Luke Avenue is currently listed for $2,596,900 and was received on April 25, 2025. Want to learn more about 4559 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.

