New Listing
439 Admiral Court, Destin
$2,100,000 - 5 Beds, 6 Baths, 5,181 Sf
MLS® # 1013694
4571 Luke Avenue, Destin
$1,700,000
6 Beds
3 Baths
2,874 Sqft
.17 Acre
2 Garages
Just moments from the sugar-white sands of Crystal Beach, this 6 bedroom, 3-bath coastal retreat is already nicely designed, comfortable, and generating serious income -- but it has plenty of room to take it over the top and force appreciation with a few more key updates and over the top design.
The thoughtfully laid-out main home is paired with a private guest house above the detached garage -- ideal for short-term rental income, multi-generational living, or hosting guests. The bones and layout deliver beach cottage charm today, and the numbers back it up: this turnkey property generated over $190,000 in gross rental revenue in 2025, with 2026 already trending the same. With a handful of targeted upgrades, there's a clear path to push both the guest experience and the income even higher. Enjoy a close beach access, spacious outdoor living, and ample parking for boats or RVs, all just minutes from Destin's best shopping, dining, and entertainment.
Move-in ready with proven cash flow and real upside, this is a rare chance to own a well-designed, income-producing beach home with a clear runway to maximize its potential in one of Destin's most sought-after coastal communities.
Essential Information
MLS® #1009185
Price$1,700,000
Bedrooms6
Bathrooms3.00
Full Baths3
Square Footage2,874
Acres0.17
Year Built2003
TypeResidential
Sub-TypeDetached Single Family
StyleBeach House
StatusActive
Community Information
Address4571 Luke Avenue
Area14 - Destin
SubdivisionCRYSTAL BEACH
CityDestin
CountyOkaloosa
StateFL
Zip Code32541
Amenities
# of Garages2
Utilities
Electric, Phone, Public Sewer, Public Water, TV Cable
Parking
Boat, Detached, Garage Detached, Other, Oversized, RV Access/Parking, Garage, See Remarks
Interior
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
# of Stories2
Interior Features
Bookcases, Fireplace, In-Law Floorplan, Washer/Dryer Hookup
Appliances
Dishwasher, Disposal, Microwave, Electric Water Heater
Exterior
RoofMetal
FoundationSlab
Exterior Features
Balcony, Lawn Pump, Separate Bldg Rent, Outdoor Shower, Sprinkler System, Yard Building
Lot Description
Cleared, Interior Lot, Level, Within 1/2 Mile to Water, Wooded
Construction
Other, Trim Wood, Siding CmntFbrHrdBrd
School Information
ElementaryDestin
MiddleDestin
HighFort Walton Beach
Additional Information
ZoningCity, Resid Single Family
Listing Details
OfficeEXP Realty LLC
Property History
Price Reduced from $1,925,000 to $1,700,000
Price Reduced from $2,000,000 to $1,925,000
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DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.
Vendors Member Number : 28325
Listing information last updated on October 15th, 2026 at 4:37pm CDT.
