2974 Scenic Hwy 98
About This Property
The primary suite on the second floor is a private haven of luxury, offering Gulf views and an exquisite en-suite bathroom with an expansive shower, freestanding soaking tub, and custom his-and-her walk-in closets. The third-floor bunk room provides additional versatile space, perfect for hosting guests or family gatherings. A private elevator provides effortless access to all three levels, enhancing both comfort and convenience.
Adding to its allure is a Gulf-front pool, blending indulgence and relaxation for the ultimate coastal lifestyle. Practicality meets elegance with the home's spacious garage and ample driveway parking, ensuring ease for both residents and visitors. Outside, the property culminates in a rooftop observation deck, where panoramic views of the Gulf offer the perfect setting for enjoying sunsets, stargazing, or entertaining.
Situated in the heart of Crystal Beach, this property is within walking distance to world-class restaurants and shopping, as well as the Destin Commons anchored by Whole Foods. A short drive away is the Legendary Marina, offering unparalleled boating access. Additionally, it is conveniently located near Henderson Beach Resort and Henderson State Park, perfectly balancing serenity and accessibility.
More than just a residence, 2974 Scenic Hwy 98 is an opportunity to experience the pinnacle of Gulf-front livingan expertly crafted home that brings together impeccable design, luxurious amenities, and the unparalleled beauty of Destin's coastline.
Reach out to us today for more information.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 5, 2026 | Sold | ||
| Sold | |||
| Aug 8, 2025 | Listed by Compass | $10,995,000 | |
| Listed by Compass | |||
| Apr 9, 2025 | Listed | $12,500,000 | |
| Listed | |||
| | |||
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2974 Scenic Hwy 98 is a stunning new Gulf-front retreat, thoughtfully designed to capture the essence of luxury living in Destin, Florida. Completed in 2024, this three-story architectural masterpiece spans 9,912 square feet under roof and offers six bedrooms, seven bathrooms, and breathtaking Gulf views from every floor, creating a seamless connection to the beauty of the Emerald Coast.
The home's state-of-the-art kitchen is designed to impress, featuring top-of-the-line appliances, custom cabinetry, and luxurious countertops, making it a functional yet stunning space. Perfectly complementing the home's overall flow, it sits alongside spacious dining and living areas that are ideal for entertaining or enjoying quiet moments of relaxation. The primary suite on the second floor is a private haven of luxury, offering Gulf views and an exquisite en-suite bathroom with an expansive shower, freestanding soaking tub, and custom his-and-her walk-in closets. The third-floor bunk room provides additional versatile space, perfect for hosting guests or family gatherings. Adding to its allure is a private elevator and a Gulf-front pool, combining convenience and indulgence for the ultimate coastal lifestyle.
Practicality meets elegance with the home's spacious garage and ample driveway parking, ensuring convenience for both residents and visitors. Outside, the property culminates in a rooftop observation deck, where panoramic views of the Gulf offer the perfect setting for enjoying sunsets, stargazing, or entertaining.
Situated in the heart of Crystal Beach, this property is within walking distance to world-class restaurants and shopping, as well as the Destin Commons anchored by Whole Foods. A short drive away is the Legendary Marina, offering unparalleled boating access. Additionally, it is conveniently located near Henderson Beach Resort and Henderson State Park, perfectly balancing serenity and accessibility.
More than just a residence, 2974 Scenic Hwy 98 is an opportunity to experience the pinnacle of Gulf-front livingan expertly crafted home that brings together impeccable design, luxurious amenities, and the unparalleled beauty of Destin's coastline.
Reach out to us today for more information.
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| Jun 17, 2021 | Sold | ||
| Sold | |||
| May 19, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017