Experience the ultimate in luxury and income producing home with a strong history since 2019 bringing in 200k to 280k a year! Currently over $130k on the books! With June and July averaging over 50k per month! This stunning 8 bedroom, 8 bathroom coastal modern home in the heart of Destin built in 2018 with no HOA. Boasting a spacious double lot (0.64 acres) with a large pool and elevator. This property is the perfect blend of luxury and income producing. Situated on a double-sized lot and within walking distance to the beach, this home offers the best of both worlds - a serene coastal oasis and a profitable rental machine. With rental income averaging $220K-$250k each year, this property is a smart investment for those looking to capitalize on the booming vacation rental market.
Property Details
Property Features
Property Information:
Architectural Style: Contemporary
Year Built: 2018
Stories: 3
Living Area: 4,339 SqFt
Listing Office:
Office Name: AvantStay Southeast LLC
Office Email: jhoward@avantstay.com
Listing Agent: Jonathan P Howard
Interior Features
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 8
Total Bedroom Count: 8
Exterior Features
Exterior Information:
Private Pool: Yes
View: Gulf
Exterior: Balcony, BBQ Pit/Grill, Fenced Back Yard, Fenced Privacy, Patio Covered, Pool - Heated, Pool - In-Ground, Sprinkler System
Lot Features
Lot Information:
Lot Size: 0.64 Acres
School Info
Assigned Schools Information:
Fort Walton Beach High School, Public District Grades 9-12
Destin Middle School, Public District Grades 5-8
Northwest Florida Ballet Academie, Public District Grades 3-8
Destin Elementary School, Public District Grades PK-4
Other
Directions Information:
Directions: turn south off 98 turn first cross street onto Luke ave
Price Information
Listing Price Info
Price Summary:
List Price: $3,350,000
Price Per SqFt: $772/SqFt
Tax Information:
Annual Amount: $13,095
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Destin, FL.
This property is $2.6M more than the Median Sold Price and $369/SqFt more than other homes in Destin, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Emerald Coast Association of REALTORS®
MLS Number: #950207
Listing Office:
Office Name: AvantStay Southeast LLC
Office Email: jhoward@avantstay.com
Listing Agent: Jonathan P Howard
Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 6/2/2024, 8:20:39 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 27, 2018
Nov 27, 2018Home Sold
$1,500,000
Aug 08, 2017
Aug 08, 2017Home Sold
$290,000
Sep 28, 2011
Sep 28, 2011Home Sold
$475,000
Jun 21, 2002
Jun 21, 2002Home Sold
$225,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$13,095
$1,046,636
2018
$2,967
$231,120
2017
$2,559
$195,840
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Destin Elementary School
630 Kelly St
Distance between this listing and this school4.59 miles
Public District Grades PK-4
Middle School
7
/10
Destin Middle School
4608 Legendary Marina Dr
Distance between this listing and this school1.15 miles
Public District Grades 5-8
10
/10
Northwest Florida Ballet Academie
310 Perry Ave SE
Distance between this listing and this school11.20 miles
Public District Grades 3-8
High School
6
/10
Fort Walton Beach High School
400 Hollywood Blvd SW
Distance between this listing and this school13.46 miles
Public District Grades 9-12
Assigned Schools
8
/10
Destin Elementary School
630 Kelly St
Distance between this listing and this school4.59 miles
Public District Grades PK-4
Nearby Schools
10
/10
Bluewater Elementary School
4545 Range Rd
Distance between this listing and this school7.30 miles
Public District Grades PK-5
8
/10
James E Plew Elementary School
220 Pine Ave
Distance between this listing and this school9.25 miles
Public District Grades PK-5
Assigned Schools
7
/10
Destin Middle School
4608 Legendary Marina Dr
Distance between this listing and this school1.15 miles
Public District Grades 5-8
10
/10
Northwest Florida Ballet Academie
310 Perry Ave SE
Distance between this listing and this school11.20 miles
Public District Grades 3-8
Nearby Schools
7
/10
Addie R. Lewis School
281 Mississippi Ave
Distance between this listing and this school8.66 miles
Public District Grades PK-8
Assigned Schools
6
/10
Fort Walton Beach High School
400 Hollywood Blvd SW
Distance between this listing and this school13.46 miles
Public District Grades 9-12
Nearby Schools
7
/10
Niceville Senior High School
800 John Sims Pkwy E
Distance between this listing and this school9.88 miles
Public District Grades 9-12
9
/10
Collegiate High School At Northwest Florida State
100 College Blvd E
Distance between this listing and this school10.83 miles
The neighbors living near this home have an average income of $65,149. Most Destin, FL residents have annual incomes between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4559 Luke Ave
What is the listing price of this property?
The listing price of 4559 Luke Ave property is $3,350,000.
What type of property is this?
The property 4559 Luke Ave is a house located in Destin, Florida, 32541.
Is this property for sale now?
Active Listing: 4559 Luke Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 4559 Luke Ave are: Destin Elementary School: GreatSchools Rating 8/10Destin Middle School: GreatSchools Rating 7/10Northwest Florida Ballet Academie: GreatSchools Rating 10/10Fort Walton Beach High School: GreatSchools Rating 6/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $13,095 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 27, 2018 for $1,500,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 4559 Luke Ave has 8 bedrooms and 8 full and 1 half bathrooms.
What is the square footage of this property?
The property 4559 Luke Ave is 4,339 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 4559 Luke Ave is 2018.
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This home is located at 4559 Luke Ave in Destin, FL and zip code 32541. This 4,339 square foot home, which was built in 2018, sits on a 0.64 acre lot. Features: 8 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since May 18, 2024 and is currently priced at $3,350,000.
In May 2024 more than 5 listings in Destin, FL were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 52 were sold below. The inventory of homes for sale in Destin, FL between April 2024 and May 2024 increased by 6.9%. Listings spent 94 days on the market in May 2024, and had a median list price of $659,666 during the same period.
From Rocket Homes Real Estate and based on county public records data.