4551 W Grand Key Loop, Destin

$999,900

5 Beds
4 Baths
2,861 Sqft
.03 Acre
0 Garage

Luxury Meets Investment Opportunity in Crystal Beach! Proven Rental Revenue of $65,000-$105,000 Based on Actual Historical Performance. Whether you're looking for a high-performing vacation rental, a second home, or a primary residence near the beach, this exceptional property offers incredible income potential. Seller is offering $30,000 in flexible buyer credits that may be used toward closing costs, an interest rate buy-down, renovations, furnishings, or personalized updates (subject to lender approval), making this an outstanding opportunity to maximize both value and cash flow. Located in the highly desirable Villages of Crystal Beach, this spacious home combines luxury, location, and proven investment performance just minutes from the sugar-white sands and emerald waters of Destin. Welcome to 4551 Grand Key Loop, located in the highly sought-after gated community of Villages of Crystal Beach in Destin, Florida. Featuring the largest three-story floor plan in the neighborhood with approximately 2,890 square feet, this spacious home offers exceptional value and endless potential just minutes from the sugar white sands and emerald green waters of the Gulf Coast. Opportunities to own one of the largest homes in Crystal Beach with this level of buyer incentive are rare.Designed for both entertaining and comfortable beach living, the home features soaring 9-foot ceilings, oversized 8-foot doors, impressive 8-inch baseboards, hardwood flooring, and 12x12 porcelain tile throughout the main living spaces. The open concept floor plan offers expansive gathering areas, oversized bedrooms, multiple living spaces and covered porches on both the second and third floors creating the perfect setting for hosting family and guests after a day at the beach. The kitchen is equipped with 42-inch raised-panel glazed wood cabinetry, stainless steel appliances, tile backsplash, generous prep space, and ample storage.Additional highlights include two wet bars, including one in the spacious primary suite and another on the third level, along with an iPod-ready three-room sound system that enhances the home's entertainment appeal. Villages of Crystal Beach offers resort-style amenities including a spectacular 35,000-square-foot lagoon pool with waterfalls, zero-entry access, tiki bar, hot tub, grilling area and complimentary beach shuttle service to Crystal Beach located just around 900 yards away. Whether you're searching for a primary residence or vacation home in Destin, this home offers exceptional space, location and potential in one of Destin's most desirable gated beach communities.

Essential Information
MLS® #1003805
Price$999,900
Bedrooms5
Bathrooms4.00
Full Baths4
Square Footage2,861
Acres0.03
Year Built2010
TypeResidential
Sub-TypeDetached Single Family
StyleFlorida Cottage
StatusActive
Community Information
Address4551 W Grand Key Loop
Area14 - Destin
SubdivisionVILLAGES OF CRYSTAL BEACH
CityDestin
CountyOkaloosa
StateFL
Zip Code32541
Utilities

Public Sewer, Public Water, TV Cable

Interior
HeatingCentral
CoolingCentral Air
# of Stories3
Interior Features

Breakfast Bar, Crown Molding, Owner's Closet, Pantry, Split Bedroom, Washer/Dryer Hookup, Wet Bar

Appliances

Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater

Exterior
WindowsWindow Treatments
RoofMetal
FoundationSlab
Lot Description

Covenants, Restrictions, Within 1/2 Mile to Water

Construction

Trim Vinyl, Siding CmntFbrHrdBrd

School Information
ElementaryDestin
MiddleDestin
HighDestin
Additional Information
ZoningResid Single Family
Listing Details
OfficeColdwell Banker Realty
Property History
Price Reduced from $1,049,000 to $999,900
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Listing information last updated on October 16th, 2026 at 11:37am CDT.