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$3,800,000
Property Description
Short term rental powerhouse featuring a designer-grade ocean view home with 3rd floor covered deck, 4th floor rooftop deck, three separate living spaces, private heated pool with splash deck and tanning shelf, and massive 22 person sleeping capacity to maximize revenue. Designer furnishings, professional photography and full inventory to convey for immediate revenue generation. Less than 280 feet from the sugar sand beach ensures high occupancy. Includes a free six-seater golf cart, grill, and two paddleboards for added guest appeal. Designed from the ground up to ensure easy, low cost maintenance and best possible yield. Do an Internet search on Legacy Beach Homes of Destin, Florida to view real time calendars in order to determine availability for showings. Seller is listing over $100 million worth of properties from their portfolio (35 large STRs in the Destin/Miramar/30A area with an average appraisal value of slightly over $3M each.). Seller is only selling 10% of the portfolio. Seller will withdraw this and/or any other remaining listings once the first $10 million (approximately) in sales have been achieved. Seller does not disclose property-level rental revenue data. Buyer to perform their own due diligence regarding income potential. However, the appraisal in the document section of this listing may include the appraiser's revenue projection. Neither Airbnb nor VRBO offer a transfer option. However, the seller will make all reasonable efforts to facilitate the transfer of reservations. The Seller does not have to sell. Property has been priced based on recent appraisal and reflects the seller's minimum acceptable price. Most recent appraisal and inspections are included in the documents section of this listing.
Full Property Details
Full Property Details for 65 Cobia St
General
- Price: $3,800,000
- Taxes: $24,595 (2025)
- Status: Active
- Type: Single Family
- Source: Emerald_Coast
- MLS ID: 999871
- Updated: 4/13/2026
- Added to Site: 9 day(s) ago
Interior
- Number of Rooms: 10
- Appliances: Water Heater - Elect
Rooms
Bathrooms
- Total Bathrooms: 9
- Full Bathrooms: 8
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 8
Additional Information
- Pool: Yes
- Pool Description: Pool Type
Location
- Area: 14 - Destin
- County: Okaloosa
- Subdivision: CRYSTAL BEACH
- Driving Directions: Directions: From US Highway 98, turn south onto Regatta Bay Blvd. Continue on Regatta Bay Blvd, then turn west onto Luke Ave. Follow Luke Ave and turn south onto Cobia St; the property will be on your left.
School Information
- Elementary School: Destin
- Middle School: Destin
- High School: Destin
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating/Cooling: Central Air
Utilities
- Sewer: Septic Tank
- Utility Description: Community Water, Electric, Gas - Natural
Structural Information
- Architectural Style: Contemporary
- Stories/Levels: 4
- Square Feet: 4,810
- Sq. Ft. Source: Building Plan
- Year Built: 2023
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405.2
- Lot Dimensions: 50 x 150
- Zoning: Resid Single Family
Financial Considerations
- Tax Amount: $24,595.56
- Tax Year: 2025
Disclosures and Reports
- Legal Description: Crystal Beach Lot 19 Blk 5
- APN: 00-2S-22-0580-0005-0190
- Property ID: 00-2S-22-0580-0005-0190
Listed by Century 21 Wimco Realty Inc
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Schools
Schools serving 65 Cobia St
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Destin Middle School 4608 Legendary Marina Drive, Destin, FL 32541 | 5-8 | 1.2 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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 65 Cobia St
Date
Details
Price
Change
Source
4/05/2026
Listed
$3,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 65 Cobia St
65 Cobia Street, Destin, FL 32541 (MLS# 999871) is a Single Family property with 8 bedrooms, 8 full bathrooms and 1 partial bathroom. 65 Cobia Street is currently listed for $3,800,000 and was received on April 05, 2026. Want to learn more about 65 Cobia Street? 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.
