See Home Value
$2,600,000
● House - Off Market

4550 Luke Avenue

Destin, FL 32541
bedrooms
8 Beds
bathrooms
8 Baths
square feet
4,956 Ft²
$15,357
Est. Monthly

About This Property

Proven Rental History! $287k+ projections for 2026. Take a look at this stunning, fully furnished & decorated, beach house in the desirable neighborhood of Crystal Beach!! This luxurious 3-story home, featuring 8 spacious bedrooms and is walking distance to the beach making it the perfect retreat for large families or groups seeking a relaxing coastal getaway. As you step inside, you are greeted by an expansive open-concept living area on the main floor, elegantly designed with stunning wood beams, sleek finishes and ample natural light. This stunning kitchen offers stainless steel appliances, tile backsplash from countertop to ceiling, sleek quartz countertops, and a large island with seating for casual dining. The house offers not one, but two living areas on the first level providing plenty of space for entertainment and relaxation. Both living areas on the ground floor flow seamlessly into the dining space & kitchen. There is an additional sitting area on the second floor that offers a more intimate setting, perfect for enjoying quiet evenings or watching movies. The second floor also offers 4 additional bedrooms, each with their own en-suite bathroom. The home features a well-appointed bunk room on the third floor, designed with children and teens in mind, offering a fun and comfortable space for them to enjoy. Each of the 8 bedrooms is thoughtfully designed to provide a serene retreat, with ample storage and en-suite or nearby bathroom access. Also, from the third floor, enjoy enchanting views of the Gulf of Mexico, reminding you of your proximity to the beautiful white sandy beaches Destin is famous for. One of the highlights of this magnificent property is the private heated pool and spa, ideal for year-round enjoyment. The pool area is surrounded by a spacious deck, perfect for sunbathing, outdoor dining, and hosting poolside gatherings. The location of this beach house is unbeatable, just a short stroll away from the beach, local dining, shopping, and entertainment options. This Crystal Beach gem combines modern luxury with the charm of coastal living, making it an ideal investment for a vacation rental or a dreamy permanent residence. Don't miss the opportunity to own this exquisite piece of paradise.
Unit Size
4,956 Ft²
Days on Market
152 days
Land Size
0.17 acres
Price per sqft
$555
Property Type
House
Property Taxes
$1,856
HOA Dues
-
Year Built
1988

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Last updated: 3 months ago (ECAR #993032)

Price History

Date / Event Date Event Price
Jun 17, 2026 Sold
Sold
Jun 1, 2026 In contract -
In contract
May 13, 2026 Price Decreased $2,749,500
↓ $500 (0%)
Price Decreased
Jan 16, 2026 Listed by Compass $2,750,000
Listed by Compass
Oct 20, 2025 Price Decreased $2,800,000
↓ $50K (1.8%)
Price Decreased
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,499
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,028
  • Gross Building Area: 2,238
  • Building Area: 1,587
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,587
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRYSTAL BEACH
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CRYSTAL BEACH LOT 10 BLK 24

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0580-0024-0100
  • Block: 24
  • Lot: 10
  • Municipality: DESTIN
  • Latitude: 30.3849
  • Longitude: -86.4182

    Address

  • Full Address: 4550 Luke Ave
  • Address - House Number: 4550
  • Address - Street Name: Luke
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Destin
  • Carrier Code: C020
  • 4-Digit Zip Code: 3667
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,980
  • Tax Year: 2023
  • Tax Amount: $191,359
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1928
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 866,195
  • High Value: 1,033,248
  • Low Value: 699,141

    Market Valuation

  • Market Total Value: $757,673
  • Market Land Value: $513,822
  • Market Improvement Value: $243,851

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $203,723

    Sales

  • Current Sale Contract Date: Jan 25, 2023
  • Current Sale Recording Date: Jan 27, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3603251
  • Previous Sale Recording Date: Mar 13, 2000
  • Previous Sale Contract Date: Mar 10, 2000
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Crystal Beach


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Frequently Asked Questions

When was property at 4550 Luke Avenue built and last sold?
The property at 4550 Luke Avenue was built in 1988 and last sold on Jan 25, 2023 for $715,000.
How much is this home worth?
The estimated value of the home located at 4550 Luke Avenue is $2,776,995.
What are some comparable homes to 4550 Luke Avenue?
There are currently no comparable homes to 4550 Luke Avenue.