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$999,900
↓ $49K (4.7%)
● House - For Sale

4551 W Grand Key Loop

Destin, FL 32541
bedrooms
5 Beds
bathrooms
4 Baths
square feet
2,861 Ft²
$5,769
Est. Monthly

About This Property

Luxury Meets Investment Opportunity in Crystal Beach! Proven Rental Revenue of $65,000-$105,000 Based on Actual Historical Performance. Whether you're looking for a high-performing vacation rental, a second home, or a primary residence near the beach, this exceptional property offers incredible income potential. Seller is offering $30,000 in flexible buyer credits that may be used toward closing costs, an interest rate buy-down, renovations, furnishings, or personalized updates (subject to lender approval), making this an outstanding opportunity to maximize both value and cash flow. Located in the highly desirable Villages of Crystal Beach, this spacious home combines luxury, location, and proven investment performance just minutes from the sugar-white sands and emerald waters of Destin. Welcome to 4551 Grand Key Loop, located in the highly sought-after gated community of Villages of Crystal Beach in Destin, Florida. Featuring the largest three-story floor plan in the neighborhood with approximately 2,890 square feet, this spacious home offers exceptional value and endless potential just minutes from the sugar white sands and emerald green waters of the Gulf Coast. Opportunities to own one of the largest homes in Crystal Beach with this level of buyer incentive are rare.Designed for both entertaining and comfortable beach living, the home features soaring 9-foot ceilings, oversized 8-foot doors, impressive 8-inch baseboards, hardwood flooring, and 12x12 porcelain tile throughout the main living spaces. The open concept floor plan offers expansive gathering areas, oversized bedrooms, multiple living spaces and covered porches on both the second and third floors creating the perfect setting for hosting family and guests after a day at the beach. The kitchen is equipped with 42-inch raised-panel glazed wood cabinetry, stainless steel appliances, tile backsplash, generous prep space, and ample storage.Additional highlights include two wet bars, including one in the spacious primary suite and another on the third level, along with an iPod-ready three-room sound system that enhances the home's entertainment appeal. Villages of Crystal Beach offers resort-style amenities including a spectacular 35,000-square-foot lagoon pool with waterfalls, zero-entry access, tiki bar, hot tub, grilling area and complimentary beach shuttle service to Crystal Beach located just around 900 yards away. Whether you're searching for a primary residence or vacation home in Destin, this home offers exceptional space, location and potential in one of Destin's most desirable gated beach communities.
Unit Size
2,861 Ft²
Days on Market
129 days
Land Size
0.03 acres
Price per sqft
$349
Property Type
House
Property Taxes
$859
HOA Dues
-
Year Built
2010

Listed By

Louann Schultz
Keller Williams - Destin
The Daniels Team
Keller Williams Success Realty

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Last updated: 3 months ago (ECAR #1003805)

Price History

Date / Event Date Event Price
Jun 30, 2026 Price Decreased $999,900
↓ $49K (4.7%)
Price Decreased
May 22, 2026 Listed by Coldwell Banker Realty $1,049,000
Listed by Coldwell Banker Realty
Aug 27, 2012 Sold
Sold
Aug 15, 2011 Listed by Coldwell Banker Realty $489,000
Listed by Coldwell Banker Realty
Brand new construction in the heart of Destin in Crystal Beach! Insurance will be reasonable because this subdivision is located in an ''X'' flood zone and NOT in the COBRA ZONE!! The Villages of Crystal Beach is gated, has public beach access within two blocks (with complementary shuttle during peak season) and has a huge 35,000 square foot zero entry community pool with waterfalls, tiki bar with outdoor grill for entertaining, and palm trees galore! This home has never been lived in or rented and is in pristine condition! You won't believe the details of this construction.....starting with the outside.......Impact resistant windows and doors, slip resistant porcelain tiled covered porches, pavered driveway, no-rot (no exposed wood) exterior with high denisty PVC exterior components, 14 seer heat pump, Borate termite treatment with 1 million dollar repair/replacement bond, and Teaxx In-wall pest control system! Now for the inside..... Once you walk into the large open floor plan you will notice the 9 foot ceilings with 8 foot doors, 8 inch baseboards, two wet bars (one in the master bedroom and one upstairs on the 3rd level), large bedrooms, 12 x 12 porcelain tile and hardwood flooring, IPod ready 3-room sound system, oil rubbed bronze faucets, lighting fixtures and door hardware, bathroom vanities are 34 1/2'' high, 42 inch raised panel, all wood, glazed cabinets in the kitchen, tile backsplash, stainless steel appliances, can lighting and real wood storage closets and walk in closets for sturdiness. This home would make a great rental or primary home. There is a second living area and private covered porch on the 3rd level for added privacy. Built with quality by Todd Stephens and comes with a builder warranty! Want a brand new 2 or 3 story home that you can pick your own colors? Call today! We have several other vacant lots to choose from!

Property Highlights

Air Conditioning
Interior Details
Full Bathrooms: 4
Interior Features: Breakfast Bar, Pantry, Wet Bar, Ceiling Crwn Molding, Owner's Closet, Split Bedroom, Washer/Dryer Hookup
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Water Heater, Oven Self Cleaning, Smooth Stovetop Rnge, Stove/Oven Electric, Warranty Provided
Flooring Type: Floor Tile, Floor WW Carpet New
Rooms: 15
Exterior Details
Square Footage: 2861
Property Condition: Construction Complete
Architectural Style: Florida Cottage
Year Built: 2010
Building Area Total: 2861
Window Features: Window Treatment All, Window Treatmnt None
Construction Materials: Siding CmntFbrHrdBrd, Trim Vinyl
Patio and Porch Features: Covered
Pool Features: Pool Type
Lot Features: Covenants, Restrictions, Within 1/2 Mile to Water
Lot Size Area: 0.03
Lot Size Units: Acres
Lot Size Acres: 0.03
Lot Size Square Feet: 1306.8
Lot Size Dimensions: 25 X 46
Water Source: Public
Financial Details
Tax Assessed Value: $1,665
Tax Annual Amount: $10,305
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Security, Accounting, Ground Keeping, Legal, Licenses/Permits, Management, Recreational Faclty, Repairs/Maintenance

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,150
  • Total Building Area: 3,375
  • Gross Building Area: 3,375
  • Building Area: 2,861
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,861
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGES OF CRYSTAL BEACH
  • Land Acres: 0000000026
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: VILLAGES OF CRYSTAL BEACH LOT 119

Neighborhood

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

Geography

  • Parcel: 00-2S-22-1125-0000-1190
  • Lot: 119
  • Municipality: DESTIN
  • Latitude: 30.3866
  • Longitude: -86.42

    Address

  • Full Address: 4551 Grand Key Loop W
  • Address - House Number: 4551
  • Street Segment Direction: W
  • Address - Street Name: Grand Key
  • Address - Suffix Type: Loop
  • State: FL
  • City Name: Destin
  • Carrier Code: C020
  • 4-Digit Zip Code: 3535
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 3,015
  • Tax Year: 2023
  • Tax Amount: $996,227
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 1,178,846
  • High Value: 1,378,612
  • Low Value: 979,079

    Market Valuation

  • Market Total Value: $1,043,384
  • Market Land Value: $280,000
  • Market Improvement Value: $763,384

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,043,384
  • Assessed Land Value: $280,000
  • Assessed Improvements Value: $763,384

    Sales

  • Current Sale Contract Date: Aug 23, 2012
  • Current Sale Recording Date: Aug 27, 2012
  • Current Sale Price:
  • Current Sale Document Type: 20
  • Current Sale Input Document Number: 2797133
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 Villages of Crystal Beach


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Frequently Asked Questions

When was property at 4551 Grand Key Loop West built and last sold?
The property at 4551 Grand Key Loop West was built in 2010 and last sold on Aug 23, 2012 for $465,000.
How much is this home worth?
The estimated value of the home located at 4551 Grand Key Loop West is $1,009,899.
What are some comparable homes to 4551 Grand Key Loop West?
There are currently no comparable homes to 4551 Grand Key Loop West.