4658 Destiny Way
About This Property
The third level is dedicated entirely to the primary suite. Vaulted ceilings, dual walk-in closets, and a spa-style bath establish a private retreat that opens to a western-facing covered balcony with sunset views. The home is fully serviced by an elevator and includes two laundry rooms, six full bathrooms, impact-rated doors and windows, and a two-car garage.
Destiny East remains one of Destin's most established gated communities, offering deeded beach access, tennis courts, a clubhouse, and on-site security. 4568 Destiny Way presents a rare opportunity to own new construction in a high-demand enclavedelivering both architectural integrity and long-term investment value within moments of the Gulf.
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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%.
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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.
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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 |
|---|---|---|---|
| Jun 20, 2026 | Price Decreased |
$4,495,000
↓ $200K
(4.3%) | |
| Price Decreased | |||
| Aug 8, 2025 | Listed by Compass | $4,695,000 | |
| Listed by Compass | |||
| May 24, 2025 | Listed | $4,995,000 | |
| Listed | |||
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Positioned at the end of a quiet cul de sac, 4568 Destiny Way is a newly constructed residence offering nearly 5,000 square feet of conditioned living space, thoughtfully designed across three levels with a focus on scale, function, and outdoor integration.
The property sits on an oversized homesite, framed by mature landscaping and private walls, with a layout tailored for both primary residency and investment-grade performance. The first level features two guest suites, a 24-foot game room, and a covered lanai with a full summer kitchen overlooking the raised spa and 38-foot pool. Upstairs, the second level unfolds into a 28-foot-wide great room with 10-foot ceilings, a walk-in scullery, and a chef's kitchen anchored by a 10-foot island. Two additional guest suites and a dedicated dining space offer seamless flow across the main living floor, designed to capture light and invite connection.
The third level is dedicated entirely to the primary suite. Vaulted ceilings, dual walk-in closets, and a spa-style bath establish a private retreat that opens to a western-facing covered balcony with sunset views. The home is fully serviced by an elevator and includes two laundry rooms, six full bathrooms, impact-rated doors and windows, and a two-car garage.
Destiny East remains one of Destin's most established gated communities, offering deeded beach access, tennis courts, a clubhouse, and on-site security. 4568 Destiny Way presents a rare opportunity to own new construction in a high-demand enclavedelivering both architectural integrity and long-term investment value within moments of the Gulf.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017