31 Calypso Cay, Destin
MLS® # 1014615
*Back on the Market--NO FAULT OF SELLER**
REO: Designed by a prominent architect, this dream beach retreat was built in the highly sought-after, gated community of Destiny East. This beautifully renovated villa sits on a corner lot which offers privacy and plenty room for everyone. Villa comfortably sleeps 20 and was designed with entertaining and luxury coastal living in mind. Short-term rentals ok!
The main residence features five spacious bedrooms, including three primary suites with private ensuite baths, offering comfort and privacy for family and guests alike. A second-floor bunk room and an oversized third-floor bunk room with adjoining den and charming spiral staircase create the perfect gathering spaces for kids and guests.
At the heart of the home, the huge gourmet eat-in kitchen impresses with a granite island, tile backsplash, and abundant space for hosting. Multiple living and entertaining areas flow seamlessly to the outdoors, where you'll find two enormous covered porches, lush landscaping, extensive outdoor lighting, and a private resort-style setting.
Step outside to your own backyard oasis featuring a heated private pool, hot tub, and expansive grilling area--perfect for relaxing after a day at the beach. Additional highlights include a full-house generator, on-demand water heater, new roof (2023), 2-car garage, and thoughtful upgrades throughout.
Above the garage is a separate apartment-detached carriage house provides additional flexibility--ideal for guests, in-laws, or rental potential. Carriage home is complete with a full kitchen, a living room and a separate bedroom.
Destiny East amenities include a lagoon-style community pool, Destiny East Clubhouse, tennis/pickleball courts, a putting green, playground, fitness center. Close to several outstanding restaurants, and local attractions. This exceptional property offers the ultimate combination of location, luxury, and space--perfect as a primary residence, second home, or high-performing vacation rental in one of Destin's most desirable communities
Metal Roof installed 2023.
Electric, Public Sewer, Public Water, TV Cable
Garage Door Opener, Garage Detached, Garage
Bookcases, Fireplace, In-Law Floorplan, Kitchen Island, Newly Painted, Owner's Closet, Shelving, Washer/Dryer Hookup
Cooktop, Dishwasher, Dryer, Microwave, Double Oven, Range Hood, Refrigerator, Washer, Tankless Water Heater
Outdoor Grill, Balcony, Columns, Pool - Gunite Concrt, Separate Bldg Rent, Sprinkler System, Separate Living Area
Corner Lot, Level, Sidewalk, Within 1/2 Mile to Water
Block, Concrete, Stucco, Trim Wood
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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 November 4th, 2026 at 7:07am CST.