tomo logo

$3,850,000

Beds
11
Baths
11.5
sq ft
6,373

4575 Luke Ave, Destin, FL 32541

4575 Luke Ave

Destin, FL 32541

  • 285 days on market
    • Price drop $145,000↓
4575 Luke Avenue is an investor's dream! Located in Crystal Beach, the heart of Destin. This stunning property offers luxurious living and lucrative investment potential. Rental actuals for 2023 were $325k and 2024 YTD is at $303k. This expansive home boasts 11 bedrooms, 11.5 bathrooms, and a generous 6373 square feet of living space, ideal for hosting and relaxation. Nestled on a rare double lot, this home features a pool and private outdoor space, creating a serene oasis. The addition of a carriage house provides ample space and flexibility for large groups. Enjoy modern comforts with multiple living rooms, kitchenettes, and a game room. Enjoy the beautiful Emerald Coast beaches in less than a 4-minute walk!

Details

Property type

Townhouse

Est. home value

$4,783,948

Lot size

0.34 acres

Price per sq ft

$605

Year built

2022

Price History

11/29/2024
EmeraldCoast

EmeraldCoast #944531

Price change
$3,850,000
-3.63%
06/06/2024
EmeraldCoast

EmeraldCoast #944531

Price change
$3,995,000
-7.07%
03/12/2024
EmeraldCoast

EmeraldCoast #944531

Listed
$4,299,000
+786.39%

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Fort Walton Beach

Community features: 

Pool

Seller’s Loan History

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

Lender

Renasant Bank

Loan start date

September 2022

Original loan amount

$4,280,250

Est. remaining balance

$2,485,304

Interest rate

4.99%

Loan type

Not Provided, 5 year

Seller

Rrs Properties Llc

Lender

Fnbt Bank

Loan start date

June 2021

Original loan amount

$1,200,000

Est. remaining balance

Not provided

Interest rate

2.94%

Loan type

Building or Construction Loan

Seller

Rrs Properties Llc

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?

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$3,575,000
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2738 Scenic Highway 98 Unit 9, Destin, FL 32541

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EmeraldCoast
$3,875,000
8 bd
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9 ba
|
4,556 sq ft
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House

73 Tarpon St, Destin, FL 32541

Status: Active

Tomo last checked: 12/22/2024 at 10:25 AM

Listing updated: 11/29/2024 at 5:14 PM

Listed by: Jessica H Foy, Compass Phone #: (305) 851-2820

MLS: EmeraldCoast #944531

EmeraldCoast logo

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