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4551 Grand Key Loop, Destin, FL, 32541

5beds
4baths
2,861sqft
$999,900
$349price/sqft
$6,575/moest. monthly cost
$263,000/yrincome needed

About This Home

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.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
60
BikeBikeable

Schools

9/10
Destin Middle SchoolGrades 5-81.0 mi
5/10
10/10
Destin Elementary SchoolGrades PK-44.5 mi

Construction

Condition

  • Property condition: Construction Complete
  • Year built: 2010

Materials

  • Foundation: Slab
  • Roof: Metal
  • Construction materials: Trim Vinyl,Siding CmntFbrHrdBrd

Type & Style

  • Home type: SingleFamily
  • Architectural style: Florida Cottage
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Washer,Electric Water Heater
  • Laundry features: Washer/Dryer Hookup

Bathroom

  • Level: First
  • Area: 81
  • Dimensions: 9 x 9

Bathroom

  • Level: Second
  • Area: 50
  • Dimensions: 10 x 5

Bathroom

  • Level: Third
  • Area: 64
  • Dimensions: 8 x 8

Bedroom

  • Level: First
  • Area: 168
  • Dimensions: 14 x 12

Bedroom

  • Level: Second
  • Area: 165
  • Dimensions: 15 x 11

Bedroom

  • Level: Third
  • Area: 154
  • Dimensions: 14 x 11

Bedroom

  • Level: Third
  • Area: 100
  • Dimensions: 10 x 10

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Dining Room

  • Level: First
  • Area: 108
  • Dimensions: 12 x 9

Features

  • Breakfast Bar,Crown Molding,Owner's Closet,Pantry,Split Bedroom,Wet Bar
  • Window features: Window Treatments
  • Flooring: Tile,Carpet
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,861
  • Total interior livable area: 2,861 sqft

Kitchen

  • Level: First
  • Area: 132
  • Dimensions: 12 x 11

Laundry

  • Level: First
  • Area: 36
  • Dimensions: 6 x 6

Living Room

  • Level: First
  • Area: 288
  • Dimensions: 18 x 16

Master Bathroom

  • Level: Second
  • Area: 108
  • Dimensions: 12 x 9

Master Bedroom

  • Level: Second
  • Area: 234
  • Dimensions: 18 x 13

Media Room

  • Level: Third
  • Area: 299
  • Dimensions: 23 x 13

Other

  • Level: Second
  • Area: 85
  • Dimensions: 17 x 5

Property

Details

  • Parcel number: 002S22112500001190
  • Zoning description: Resid Single Family

Features

  • Stories: 3
  • Patio & porch: Covered

Lot

  • Lot size: 1,306 sqft
  • Features: Covenants,Restrictions,Within 1/2 Mile to Water
  • Lot size dimensions: 25 x 46

Parking

  • Total spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningVery High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Tornado
Heat Wave
Strong Wind
Tsunami

FEMA Declared Disasters in Okaloosa County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,056$60,672
Home Insurance *$151$1,812
Property Taxes $1,081$12,972
Electricity $287$3,455
Total$6,575$78,900
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$225,428/yr
40% on housing$197,250/yr
45% on housing$175,333/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.8%
15.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$349This listing

vs Other Active Listings

Avg $/sqft

ZIP 32541$410
Okaloosa County$262

vs Homes Sold Last Month

Median $/sqft

ZIP 32541$401
Okaloosa County$205

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-29Price change$999,900
2026-05-23Listed for sale$1,049,000
2012-08-23Sold$465,000

For Sale by Agent

AgentLouann Schultz
BrokerageColdwell Banker Realty

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