This massive vacation home for sale can also serve as a lucrative rental investment property for its fortunate new buyers! Located at 4498 Ocean View Dr in Destin, this lovely home has a privileged sought-after locale in the Crystal Shores neighborhood facing the glittering jewel-toned gulf. It stands three stories tall with five bedrooms, three luxury ensuite baths, a full hall bath, a half-bath powder room, and encompasses 5,398 square feet. It also features a wonderful game room with bonus sleeping quarters for eight kids and a refreshing private pool!
Remember When boasts accommodations for up to two dozen fortunate guests. It has been on our acclaimed Ocean Reef Resorts property management program for over seven years now. Current gross annual rental income is up to $102,608.53, and last year it came in at $140,000. This is not surprising given its size, the superb location a short stroll from the beach, and the enchanting golden Americana-styled exterior design complete with a turret tower and multiple levels of columned verandas. The home comes with lavish, comfortable furnishings and beautiful décor throughout, ready to use as soon as you close your purchase contract. Note that existing rental reservations must be honored, but future income would convert directly to the new owners upon closing.
Upon entry, the first floor includes an open living, dining, kitchen area, and game room with sleeping quarters. Rich travertine marble floors, soaring ceilings, and sunny palladium windows throughout this home provide a palatial setting. The living area has two pale blue love seats, two patterned accent chairs, and hardwood tables. They face a large flatscreen TV for entertainment mounted above a gas fireplace with a brown, richly veined marble mantle. It has two columned arches on each side with glass shelving that displays decorative art. A windowed turret nearby serves as an intimate sunroom with two chic brown checker-patterned armchairs. A wide portal flanked by three sets of classic Corinthian columns graces the main living area and leads into the large open gourmet kitchen.
The kitchen includes custom cream-colored cabinetry richly accented by veined granite countertops and gleaming black ebony appliances. An entertainment island with bar seating invites you to enjoy savory drinks and tasty appetizers.
Another wide arched portal framed by two columns leads into a formal dining room with a vintage chandelier above a rustic beach-inspired hardwood table with six chairs beside windows with a glass door looking out upon a swimming pool.
Upstairs, the primary bedroom and two beautifully furnished guest bedrooms are on the second floor, with ensuite baths and direct access to the furnished upper-level balcony. The primary bedroom has stately furnishings with a king-size bed beneath a regal triple coffered ceiling, a luxurious ensuite bath with double vanity sinks, a glass-walled walk-in shower, and a deep soaking tub. A charming cottage-styled guest bedroom with a king-size bed and two twin beds has an ensuite bath with a tub shower combination.
A guest bedroom on this floor also has a king-size bed, a twin bed in a sunny turret, an ensuite bath with a walk-in shower, and a private balcony overlooking the pool.
The top floor has a guest bedroom with a king, and a twin-size bed adjoins another guest bedroom with two twin beds. These guest quarters share a bath with a walk-in shower.
Step onto the upper third-level balcony, which is accessible from each bedroom, and enjoy gorgeous views of the glowing gulf in the distance.
As if this home wasn't fun enough, a game room includes a painted sky blue floor, a pool table, a card table, a tan couch, and a large wall-mounted flatscreen TV. Two custom-built white bunks with four queen size beds off to the side each have private flatscreen TVs.
Outside, a private pool features a rock-edged side wall with a cascading waterfall and a spacious palm-studded patio with upscale outdoor furniture. This patio adjoins a veranda off the main living area with a dining table and gas grill to enjoy poolside entertainment.
This centralized location in Crystal Beach places you a close distance away from popular gulf-front restaurants, friendly beach bars, and grocery stores. It is only two minutes away from the idyllic retail village of Destin Commons, with palm-lined avenues, a classic fountain, a geyser plaza for kids, and an AMC multiplex theater. This village features an abundant array of fine clothiers, fashion boutiques, specialty stores, restaurants, and bars. The outstanding location is equidistant to all the happenings at HarborWalk Village on Destin's bustling marina as well as the enchanting New Orleans French Quarter-inspired Village of Baytowne Wharf at Sandestin Golf & Beach Resort. Each locale features wonderful restaurants, rollicking waterfront bars, shopping adventures, outdoor concerts, fun festivals throughout the year, and fabulous firework celebrations during the summer months and on special holidays.
This incredible vacation home that can also serve as a rental investment property is listed at $3,400,000, which comes in competitively priced at $629.86 per square foot. Currently, many homes are listed for sale in this part of Destin, ranging from $459,000 for a two-bedroom home with 1,240 square feet up to $4,799,888 for a nine-bedroom mansion with 6,008 square feet. The total average list price of all homes listed comes in at $630.04 per square foot.
Are you ready to take advantage of this large, beautifully furnished vacation rental home? Contact our Ocean Reef Real Estate Sales office today at 877-392-6085. We will provide a complimentary professional comparative market analysis showing details on all other properties for sale in this area, any pending contracts, and those that have sold here within the past twelve months. We can also provide you with annual gross rental income data from our renowned Ocean Reef Resorts property management team. Once you are fully informed, we can happily schedule a private tour. See you on the shore!