$4,775,000
Destin, FL 32541
MLS# 999396
5 beds | 5 baths | 6254 sqft

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Property Description
Rare 70'+ yacht-ready waterfront estate with dual deep-water slips in Indian Bayou. Welcome to 124 Indian Bayou Drive, an exceptional opportunity to own a waterfront estate at the mouth of Indian Bayou with sweeping Choctawhatchee Bay views. This yacht-ready residence offers nearly an acre homesite and approximately 158 feet of deep-water frontage, ideal for serious boaters and coastal lifestyle seekers. Hurricane-rated windows and French doors frame striking bayou and bay vistas from almost every room, setting the tone for refined waterfront living. This is a boater's paradise. The private mini marina features two lifts and two protected deep-water slips: one accommodating yachts over 70 feet and another for vessels up to 45 feet.
Details
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 763.51
List Date: 2026-03-31
Current Price: $4,775,000
List Price: $4,775,000
Location, Tax and Legal
Sub Area: 1403 - Destin Northwest
Elementary School: Destin
Middle School: Destin
High School: Destin
Legal Description: INDIAN BAYOU S/D LOT 42 BLK I
General Property Info
Sub-Type: Detached Single Family
Design: Traditional
SqFt Source: Appraiser
Immediate Occupancy: Yes
Garage: Yes
Carport: No
Driveway Spaces: 6
Pool: Yes
Pool Type: Private
Apx SqFt(Htd/Cooled): 6254
Bedrooms: 5
Full Baths: 5
Total Bathrooms: 5
# Stories: 2
Year Built: 1991
Garage Spaces: 8
Acreage: 0.89
Listing Info, Tax & Legal
Homestead: Yes
Is Subject Leased: No
Assessment Fees: Yes
Assessment Amount: 252
Annual Assessment Amount: 252
Assessment Paid: Annually
New Buyer Fee: Yes
New Buyer Fee Amt: 299
New Buyer Fee Paid: $
Last Taxes: 17623.85
Last Tax Year: 2025
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: Rare 70'+ yacht-ready waterfront estate with dual deep-water slips in Indian Bayou. Welcome to 124 Indian Bayou Drive, an exceptional opportunity to own a waterfront estate at the mouth of Indian Bayou with sweeping Choctawhatchee Bay views. This yacht-ready residence offers nearly an acre homesite and approximately 158 feet of deep-water frontage, ideal for serious boaters and coastal lifestyle seekers. Hurricane-rated windows and French doors frame striking bayou and bay vistas from almost every room, setting the tone for refined waterfront living. This is a boater's paradise. The private mini marina features two lifts and two protected deep-water slips: one accommodating yachts over 70 feet and another for vessels up to 45 feet.
Waterfront
Bay: 1
Bayou: 1
Waterfront Feet: 158
Construction Status
Construction Complete: 1
Parking Features
Boat: 1
Garage: 1
Garage Attached: 1
Oversized: 1
Waterview
Bay: 1
Bayou: 1
Lot/Parcel Access
City Road: 1
Lot Features
Bulkhead/Seawall: 1
Covenants: 1
Flood Insurance Req: 1
Project Facilities
Golf: 1
Construction/Siding
Roof Metal: 1
Stucco: 1
Utilities
Electric: 1
Gas - Natural: 1
Phone: 1
Public Sewer: 1
Public Water: 1
TV Cable: 1
Underground: 1
Zoning
City: 1
Deed Restrictions: 1
Exterior
BBQ Pit/Grill: 1
Boat Slip: 1
Boatlift: 1
Dock: 1
Fenced Back Yard: 1
Hurricane Shutters: 1
Lawn Pump: 1
Pavillion/Gazebo: 1
Pool - Gunite Concrt: 1
Pool - In-Ground: 1
Porch: 1
Porch Open: 1
Renovated: 1
Shower: 1
Sprinkler System: 1
Interior
Basement Finished: 1
Basement Unfinished: 1
Breakfast Bar: 1
Built-In Bookcases: 1
Ceiling Beamed: 1
Ceiling Crwn Molding: 1
Ceiling Tray/Cofferd: 1
Elevator: 1
Fireplace: 1
Fireplace Gas: 1
Floor Hardwood: 1
Floor Marble: 1
Floor Tile: 1
Guest Quarters: 1
Kitchen Island: 1
Lighting Recessed: 1
Newly Painted: 1
Pantry: 1
Plantation Shutters: 1
Pull Down Stairs: 1
Renovated: 1
Shelving: 1
Split Bedroom: 1
Washer/Dryer Hookup: 1
Window Bay: 1
Window Treatment All: 1
Woodwork Painted: 1
Financing
Conventional: 1
Other: 1
Appliances
Auto Garage Door Opn: 1
Central Vacuum: 1
Cooktop: 1
Dishwasher: 1
Disposal: 1
Dryer: 1
Freezer: 1
Ice Machine: 1
Microwave: 1
Refrigerator: 1
Refrigerator W/IceMk: 1
Security System: 1
Smoke Detector: 1
Stove/Oven Gas: 1
Washer: 1
Energy
AC - 2 or More: 1
AC - Central Elect: 1
Ceiling Fans: 1
Double Pane Windows: 1
Heat - Two or More: 1
Storm Windows: 1
Water Heater - Elect: 1
Water Heater - Two +: 1
Mstr Bdrm/Mstr Bath
MBath Double Vanity: 1
MBath Shower Only: 1
MBed Walk-in Closet: 1
MBed Waterfront: 1
Master Bedroom
Second: 1
Bedroom
First: 1
Second: 1
Kitchen
First: 1
Second: 1
Rooms
Bedroom: 1
Bonus Room: 1
Breakfast Room: 1
Den: 1
Dining Area: 1
Family Room: 1
Kitchen: 1
Master Bedroom: 1
Other: 1
Sun Room: 1
Fees Include
Accounting: 1
Ground Keeping: 1
Security: 1
Status Change Info
Status: Active
Location Tax and Legal
Area: 14 - Destin
Street #: 124
Street Name: Indian Bayou
Street Suffix: Drive
State: FL
Zip Code: 32541
County: Okaloosa
Project Name/Subdivision: INDIAN BAYOU
Parcel ID: 00-2S-22-1280-000I-0420
Property Features
Construction Status: Construction Complete
Lot Features: Bulkhead/Seawall; Covenants; Flood Insurance Req
Zoning: Deed Restrictions
Waterfront: Bay; Bayou
Waterview: Bay; Bayou
Parking Features: Boat; Garage; Garage Attached; Oversized
Project Facilities: Golf
Exterior: BBQ Pit/Grill; Boat Slip; Boatlift; Dock; Fenced Back Yard; Hurricane Shutters; Lawn Pump; Pavillion/Gazebo; Pool - Gunite Concrt; Pool - In-Ground; Porch; Porch Open; Renovated; Shower; Sprinkler System
Interior: Basement Finished; Basement Unfinished; Breakfast Bar; Built-In Bookcases; Ceiling Beamed; Ceiling Crwn Molding; Ceiling Tray/Cofferd; Elevator; Fireplace; Fireplace Gas; Floor Hardwood; Floor Marble; Floor Tile; Guest Quarters; Kitchen Island; Lighting Recessed; Newly Painted; Pantry; Plantation Shutters; Pull Down Stairs; Renovated; Shelving; Split Bedroom; Washer/Dryer Hookup; Window Bay; Window Treatment All; Woodwork Painted
Appliances: Auto Garage Door Opn; Central Vacuum; Cooktop; Dishwasher; Disposal; Dryer; Freezer; Ice Machine; Microwave; Refrigerator; Refrigerator W/IceMk; Security System; Smoke Detector; Stove/Oven Gas; Washer
Utilities: Electric; Gas - Natural; Phone; Public Sewer; Public Water; TV Cable; Underground
Energy: AC - 2 or More; AC - Central Elect; Ceiling Fans; Double Pane Windows; Heat - Two or More; Storm Windows; Water Heater - Elect; Water Heater - Two +
Master Bedroom: Second
Bedroom: First; Second
Kitchen: First; Second
Rooms: Bedroom; Bonus Room; Breakfast Room; Den; Dining Area; Family Room; Kitchen; Master Bedroom; Other; Sun Room
Financing: Conventional; Other
Fees Include: Accounting; Ground Keeping; Security
Supplements
Relax waterside while watching dolphins, sunsets, and the ever-changing colors over the bay. The rare sandy shoreline is ideal for paddleboard and kayak launches, creating an easy on-the-water lifestyle right from your backyard. No other Destin home so seamlessly combines panoramic bay and bayou views with yacht moorings, a private marina, expansive estate grounds, and iconic Southern architecture.
Step inside to a luxurious, thoughtfully updated interior. The gourmet kitchen showcases illuminated, floor-to-ceiling glass-fronted cabinetry, granite countertops, a large breakfast bar, and expansive bay windows framing serene views of the water and pool. This space is perfect for both culinary artistry and effortless entertaining. The living area, sunroom, and primary suite all open onto a classic Southern-style back porch and gazebo, creating seamless indoor-outdoor living.
The newly refinished saltwater pool and pavered deck are enhanced by fiber-optic lighting, offering an enchanting ambiance for evening gatherings and waterside events. From casual family time to cocktail parties under the stars, the outdoor spaces are designed for year-round enjoyment. Gentle bay breezes, wide open water views, and lush landscaping complete the resort-style setting.
Along with the primary suite, there are two additional bedrooms and bathrooms on the main level, providing comfortable accommodations for family or guests. The layout is ideal for single-level everyday living while still offering excellent separation of spaces. Elegant finishes and timeless architectural details create a warm, welcoming atmosphere throughout the home.
Access the versatile lower level by elevator or stairs to discover a true retreat. Here you'll find an in-law suite and an entertainment suite, plus two more bedrooms, two bathrooms, and a three-car garage that can be stacked for up to eight cars. This level is designed for flexible living--ideal for a gym, lounge, storage, or showcasing a prized car collection. A whole-house generator provides uninterrupted comfort and peace of mind.
Situated within the desirable Indian Bayou golf community in the heart of Destin, this home offers the perfect blend of family-friendly living and resort-style luxury. Residents enjoy proximity to a premier semi-private golf course, top-rated schools, shopping, dining, and the sugar-white beaches of the Emerald Coast. This address truly delivers the ultimate coastal lifestyle in one of Destin's most established neighborhoods.
Experience the Emerald Coast lifestyle at its finest--schedule your private tour of 124 Indian Bayou Drive and discover why this rare waterfront estate stands apart among Destin's finest bayfront homes. Make this yacht-ready sanctuary your next legacy property.
Room Information
| Room Name | Level | Dimensions | Length | Width | Remarks |
| Family Room | Second | 27 x 24 | 27.00 | 24.00 | |
| Dining Area | Second | 25 x 16 | 25.00 | 16.00 | |
| Kitchen | Second | 21 x 16 | 21.00 | 16.00 | |
| Breakfast Room | Second | 21 x 16 | 21.00 | 16.00 | |
| Sun Room | Second | 27 x 13 | 27.00 | 13.00 | |
| Other | Second | 15 x 10 | 15.00 | 10.00 | Office Converted to Closet |
| Master Bedroom | Second | 22 x 18 | 22.00 | 18.00 | |
| Bedroom | Second | 18 x 14 | 18.00 | 14.00 | |
| Bedroom | Second | 15 x 14 | 15.00 | 14.00 | |
| Bedroom | First | 13 x 13 | 13.00 | 13.00 | |
| Bedroom | First | 10 x 10 | 10.00 | 10.00 | |
| Kitchen | First | 12 x 8 | 12.00 | 8.00 | |
| Den | First | 20 x 20 | 20.00 | 20.00 | |
| Bonus Room | First | 50 x 36 | 50.00 | 36.00 |
Listing Office: Keller Williams Realty Destin
Last Updated: April - 19 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.