For sale Home

Listed Aug 4, 2026

$1,700,000 Est. $11,244/mo

4571 Luke Avenue

  • 6

    Beds

  • 3

    Baths

  • 2,874

    Sq ft

The story

  • Pool

Just moments from the sugar-white sands of Crystal Beach, this 6 bedroom, 3-bath coastal retreat is already nicely designed, comfortable, and generating serious income -- but it has plenty of room to take it over the top and force appreciation with a few more key updates and over the top design. The thoughtfully laid-out main home is paired with a private guest house above the detached garage -- ideal for short-term rental income, multi-generational living, or hosting guests. The bones and layout deliver beach cottage charm today, and the numbers back it up: this turnkey property generated over $190,000 in gross rental revenue in 2025, with 2026 already trending the same. With a handful of targeted upgrades, there's a clear path to push both the guest experience and the income even higher. Enjoy a close beach access, spacious outdoor living, and ample parking for boats or RVs, all just minutes from Destin's best shopping, dining, and entertainment. Move-in ready with proven cash flow and real upside, this is a rare chance to own a well-designed, income-producing beach home with a clear runway to maximize its potential in one of Destin's most sought-after coastal communities.

Facts & features

Home type

Home

Year built

2003

Floors

2

Price per sq ft

$592

Parking

2-car garage

Included features

  • Pool

    Yes

  • Cooling

    Ceiling Fans, Central Air

  • Heating

    Central

  • Appliances

    Dishwasher, Disposal, Microwave, Refrigerator W/IceMk, Stove/Oven Electric, Water Heater - Elect

  • Lot Information

    Cleared, Interior, Level, Within 1/2 Mile to Water, Wooded

  • Exterior

    Balcony, Lawn Pump, Separate Bldg Rent, Shower, Sprinkler System, Yard Building

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$11,244 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $9,048
  • Property tax $1,700
  • Insurance $496

Includes principal, interest, taxes & insurance.

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Listing Broker

EXP Realty LLC

Broker Name

EXP Realty LLC

Agent

Joseph A Rohne