tomo logo

$1,050,000

Beds
4
Baths
3.0
sq ft
2,109

4486 Luke Ave, Destin, FL 32541

4486 Luke Ave

Destin, FL 32541

  • 9 days on market
Nestled in one of the most lush and coveted locations along scenic highway 98 in Crystal Beach, this turnkey beach house is what you've been waiting for on a CORNER lot at Clipper Cove and Luke! A very short walk to the neighborhood pool, this 4 bedrooms and 3 bathrooms offer accommodations for all with inviting, light-filled rooms welcoming you, while the home's coastal chic ambiance suggests casually elegant living and entertaining in all seasons. Gem By The Sea has a spacious fully stocked kitchen with all stainless steel appliances, whole home dehumidifier ( 2021), a new roof (2023), hurricane rated windows and doors (2021), new attic insulation (2025), and much more! A tropically landscaped exterior with ample covered patio space for alfresco dining and entertaining, plus porches galore allow for tons of fun in the sun and shade! A short walk to the sugar white beaches, Destin Commons shopping, golf courses and great restaurants awaits. This charming beach home is perfect as a primary residence, second home or short/long term rental income producer! Do not miss your chance to purchase this well maintained home in Crystal Beach today.

Details

Property type

Single Family Residence

Est. home value

$1,151,691

Lot size

6,534 sq ft

Price per sq ft

$498

Year built

1993

Monthly HOA fee

$99.86

Price History

02/22/2025
EmeraldCoast

EmeraldCoast #969983

Listed
$1,050,000
+45.83%
10/28/2020
EmeraldCoast

EmeraldCoast #841030

Sold
$720,000
+41.18%
03/05/2018
EmeraldCoast

EmeraldCoast #785403

Sold
$510,000

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Fort Walton Beach

Community features: 

Pool

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$505,199
Asking price
$1,050,000
Closing costs (~8% of asking)
-$84,000
Est. remaining loan balance
-$460,801
Cash to seller
$505,199

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Mortgage Investors Group Inc

Loan start date

October 2020

Original loan amount

$510,400

Est. remaining balance

$460,801

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

Tim C Frandsen and Helen S Lee

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/03/2025 at 6:50 PM

Listing updated: 03/03/2025 at 3:49 PM

Listed by: At The Beach Team, At The Beach Team, Keller Williams Realty Destin Phone #: (850) 654-2900

MLS: EmeraldCoast #969983

EmeraldCoast logo

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