124 Indian Bayou Drive, Destin

$4,775,000

5 Beds
5 Baths
6,254 Sqft
.89 Acre
8 Garages

Rare 70'+ yacht-ready waterfront estate with dual deep-water slips in Indian Bayou. Welcome to 124 Indian Bayou Drive, an exceptional opportunity to own a waterfront estate at the mouth of Indian Bayou with sweeping Choctawhatchee Bay views. This yacht-ready residence offers nearly an acre homesite and approximately 158 feet of deep-water frontage, ideal for serious boaters and coastal lifestyle seekers. Hurricane-rated windows and French doors frame striking bayou and bay vistas from almost every room, setting the tone for refined waterfront living. This is a boater's paradise. The private mini marina features two lifts and two protected deep-water slips: one accommodating yachts over 70 feet and another for vessels up to 45 feet. Relax waterside while watching dolphins, sunsets, and the ever-changing colors over the bay. The rare sandy shoreline is ideal for paddleboard and kayak launches, creating an easy on-the-water lifestyle right from your backyard. No other Destin home so seamlessly combines panoramic bay and bayou views with yacht moorings, a private marina, expansive estate grounds, and iconic Southern architecture.

Step inside to a luxurious, thoughtfully updated interior. The gourmet kitchen showcases illuminated, floor-to-ceiling glass-fronted cabinetry, granite countertops, a large breakfast bar, and expansive bay windows framing serene views of the water and pool. This space is perfect for both culinary artistry and effortless entertaining. The living area, sunroom, and primary suite all open onto a classic Southern-style back porch and gazebo, creating seamless indoor-outdoor living.

The newly refinished saltwater pool and pavered deck are enhanced by fiber-optic lighting, offering an enchanting ambiance for evening gatherings and waterside events. From casual family time to cocktail parties under the stars, the outdoor spaces are designed for year-round enjoyment. Gentle bay breezes, wide open water views, and lush landscaping complete the resort-style setting.

Along with the primary suite, there are two additional bedrooms and bathrooms on the main level, providing comfortable accommodations for family or guests. The layout is ideal for single-level everyday living while still offering excellent separation of spaces. Elegant finishes and timeless architectural details create a warm, welcoming atmosphere throughout the home.
Access the versatile lower level by elevator or stairs to discover a true retreat. Here you'll find an in-law suite and an entertainment suite, plus two more bedrooms, two bathrooms, and a three-car garage that can be stacked for up to eight cars. This level is designed for flexible living--ideal for a gym, lounge, storage, or showcasing a prized car collection. A whole-house generator provides uninterrupted comfort and peace of mind.
Situated within the desirable Indian Bayou golf community in the heart of Destin, this home offers the perfect blend of family-friendly living and resort-style luxury. Residents enjoy proximity to a premier semi-private golf course, top-rated schools, shopping, dining, and the sugar-white beaches of the Emerald Coast. This address truly delivers the ultimate coastal lifestyle in one of Destin's most established neighborhoods.
Experience the Emerald Coast lifestyle at its finest--schedule your private tour of 124 Indian Bayou Drive and discover why this rare waterfront estate stands apart among Destin's finest bayfront homes. Make this yacht-ready sanctuary your next legacy property.

Essential Information
MLS® #999396
Price$4,775,000
Bedrooms5
Bathrooms5.00
Full Baths5
Square Footage6,254
Acres0.89
Year Built1991
TypeResidential
Sub-TypeDetached Single Family
StyleTraditional
StatusActive
Community Information
Address124 Indian Bayou Drive
Area14 - Destin
SubdivisionINDIAN BAYOU
CityDestin
CountyOkaloosa
StateFL
Zip Code32541
Amenities
# of Garages8
ViewBay, Bayou
Is WaterfrontYes
WaterfrontBay, Bayou
Has PoolYes
PoolIn Ground
Utilities

Electric, Gas - Natural, Phone, Public Sewer, Public Water, TV Cable, Underground

Parking

Garage Door Opener, Boat, Oversized, Garage

Interior
HeatingGas - Natural
CoolingCentral Air, Ceiling Fan(s)
FireplaceYes
FireplacesFireplace Gas
# of Stories2
Has BasementYes
BasementFinished, Unfinished
Interior Features

Central Vacuum, Breakfast Bar, Bookcases, Beamed Ceilings, Crown Molding, Tray Ceiling(s), Fireplace, In-Law Floorplan, Kitchen Island, Recessed Lighting, Newly Painted, Pantry, Pull Down Stairs, Shelving, Split Bedroom, Washer/Dryer Hookup, Woodwork Painted, Elevator

Appliances

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

Exterior
RoofMetal
ConstructionStucco
Exterior Features

Outdoor Grill, Boat Slip, Boatlift, Dock, Private Yard, Hurricane Shutters, Lawn Pump, Pavillion/Gazebo, Pool - Gunite Concrt, Outdoor Shower, Sprinkler System

Lot Description

Bulkhead/Seawall, Covenants, Flood Insurance Req

Windows

Double Pane Windows, Storm Window(s), Plantation Shutters, Window Treatments, Window Bay

School Information
ElementaryDestin
MiddleDestin
HighDestin
Additional Information
ZoningCity, Deed Restrictions
Listing Details
OfficeKeller Williams Realty Destin
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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 June 5th, 2026 at 5:38pm CDT.