Address

4551 W Grand Key Loop, Destin, FL

Listing Type

Active

Price

$ 999,900

Property Attributes

MLS#1003805
TypeSingle Family
Listing Status Active
CountyOkaloosa
CityDestin
AreaDestin
NeighborhoodVILLAGES OF CRYSTAL BEACH
Zip32541
StyleFlorida Cottage
Year Built2010
Taxes$ 10304
Price$ 999,900
Bedrooms5
Full Bathrooms4
Half Bathrooms0
Sqr Footage2861
Lot Size0.03 Acres

Data Source:

Emerald Coast MLS (ECAR)

Property Description

Luxury Meets Investment Opportunity in Crystal Beach! Proven Rental Revenue of $65,000-$105,000 Based on Actual Historical Performance. Whether you're looking for a high-performing vacation rental, a second home, or a primary residence near the beach, this exceptional property offers incredible income potential. Seller is offering $30,000 in flexible buyer credits that may be used toward closing costs, an interest rate buy-down, renovations, furnishings, or personalized updates (subject to lender approval), making this an outstanding opportunity to maximize both value and cash flow. Located in the highly desirable Villages of Crystal Beach, this spacious home combines luxury, location, and proven investment performance just minutes from the sugar-white sands and emerald waters of Destin. Welcome to 4551 Grand Key Loop, located in the highly sought-after gated community of Villages of Crystal Beach in Destin, Florida. Featuring the largest three-story floor plan in the neighborhood with approximately 2,890 square feet, this spacious home offers exceptional value and endless potential just minutes from the sugar white sands and emerald green waters of the Gulf Coast. Opportunities to own one of the largest homes in Crystal Beach with this level of buyer incentive are rare.Designed for both entertaining and comfortable beach living, the home features soaring 9-foot ceilings, oversized 8-foot doors, impressive 8-inch baseboards, hardwood flooring, and 12x12 porcelain tile throughout the main living spaces. The open concept floor plan offers expansive gathering areas, oversized bedrooms, multiple living spaces and covered porches on both the second and third floors creating the perfect setting for hosting family and guests after a day at the beach. The kitchen is equipped with 42-inch raised-panel glazed wood cabinetry, stainless steel appliances, tile backsplash, generous prep space, and ample storage.Additional highlights include two wet bars, including one in the spacious primary suite and another on the third level, along with an iPod-ready three-room sound system that enhances the home's entertainment appeal. Villages of Crystal Beach offers resort-style amenities including a spectacular 35,000-square-foot lagoon pool with waterfalls, zero-entry access, tiki bar, hot tub, grilling area and complimentary beach shuttle service to Crystal Beach located just around 900 yards away. Whether you're searching for a primary residence or vacation home in Destin, this home offers exceptional space, location and potential in one of Destin's most desirable gated beach communities.

Elementary School	Middle School	High School
Destin Elementary School	Destin Middle School	Destin High School

Price History
5/26/2026	Listed $1,049,000
6/29/2026	5$999,900

General Features

Utilities	Public Water,TV Cable
Zoning	Resid Single Family
Property Subtype	Detached Single Family
Community Features	BBQ Pit/Grill,Beach,Gated Community,Pavillion/Gazebo,Picnic Area,Pool,TV Cable
County	Okaloosa
Property Type	Residential
Subdivision Name	VILLAGES OF CRYSTAL BEACH
Status	Active
Buyer Financing	Conventional
Directions	From Scenic Hwy 98, turn North on Cobia to the corner of Luke and Cobia. Proceed forward to gate entrance. Once in gate, take the first left, and then another left. 4551 is located around the corner.
High School	Destin
City	Destin
MLS Area	14 - Destin
Lot Size Units	Acres
Lot Size Square Feet	1306.8
Elementary School	Destin
Middle/Junior High School	Destin
MLS Area Minor	1404 - Destin Beach East
Standard Status	Active
Sewer	Public Sewer
Tax Assessed Value	1665
Heating	Central
Cooling	Central Air
Patio/Porch Features	Patio Covered
Architectural Style	Florida Cottage
Construction Materials	Siding CmntFbrHrdBrd,Trim Vinyl
Year Built	2010
Stories Count	3
Tax Year	2025
New Construction	false
Total Rooms	15
Carport Y/N	false
Property Condition	Construction Complete
Association Fee Includes	Accounting,Ground Keeping,Legal,Licenses/Permits,Management,Recreational Faclty,Repairs/Maintenance,Security
Pool Features	Pool Type
HOA	true
Virtual Tour	https://app.cloudpano.com/tours/YNw-ditEB?mls=1

Interior Features

Total Baths	4
Interior Amenities	Breakfast Bar,Ceiling Crwn Molding,Owner's Closet,Pantry,Split Bedroom,Washer/Dryer Hookup,Wet Bar
Flooring	Floor Tile,Floor WW Carpet New
Air Conditioning Y/N	true
Heating Y/N	true
Window Features	Window Treatment All,Window Treatmnt None
Furnished Y/N	Furnished - All

Exterior Features

Lot Features	Covenants,Restrictions,Within 1/2 Mile to Water
Lot Size Area	0.03
Lot Dimensions	25 X 46
Lot Size Acres	0.03
Road Surface Type	Paved
Road Frontage Type	Private Road
Foundation Details	Slab
Building Area Total	2861
Total Parking	2