Short term rental powerhouse featuring a designer-grade ocean

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Home For Sale

65 Cobia St

Destin, Florida 32541

Okaloosa County

Community: CRYSTAL BEACH

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$3,800,000 8 br, 9.0 bath 4810 sq. ft. 0.170 acres

Short term rental powerhouse featuring a designer-grade ocean view home with 3rd floor covered deck, 4th floor rooftop deck, three separate living spaces, private heated pool with splash deck and tanning shelf, and massive 22 person sleeping capacity to maximize revenue. Designer furnishings, professional photography and full inventory to convey for immediate revenue generation. Less than 280 feet from the sugar sand beach ensures high occupancy. Includes a free six-seater golf cart, grill, and two paddleboards for added guest appeal. Designed from the ground up to ensure easy, low cost maintenance and best possible yield. Do an Internet search on Legacy Beach Homes of Destin, Florida to view real time calendars in order to determine availability for showings. Seller is listing over $100 million worth of properties from their portfolio (35 large STRs in the Destin/Miramar/30A area with an average appraisal value of slightly over $3M each.). Seller is only selling 10% of the portfolio. Seller will withdraw this and/or any other remaining listings once the first $10 million (approximately) in sales have been achieved. Seller does not disclose property-level rental revenue data. Buyer to perform their own due diligence regarding income potential. However, the appraisal in the document section of this listing may include the appraiser's revenue projection. Neither nor offer a transfer option. However, the seller will make all reasonable efforts to facilitate the transfer of reservations. The Seller does not have to sell. Property has been priced based on recent appraisal and reflects the seller's minimum acceptable price. Most recent appraisal and inspections are included in the documents section of this listing.

Interior:
  • Bedrooms: 8
  • Baths: 9.0
  • Sq Ft: 4810
  • Year Built: 2023
  • Utilities: 
  • Fireplaces: 
  • Stories: 4
  • Heat/AC: 
  • Garage: 
Exterior:
  • Lot Size: 0.170 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: 
  • Roof: 
  • Property Taxes: $24,596
  • MLS #: 999871
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Contact Information:
Beach Home For Sale in Destin, Florida
Listing Agent: Ethan D Knight, c21 wimco, 706-887-9376, 850-664-2100 Listing Site, Listing Status: Active
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7524103
Viewed 4 times.
Updated: Apr 05, 2026

This property is a Home located at 65 Cobia St, Destin, Florida 32541, and is currently For Sale at $3,800,000. This Home has 8 bedrooms, 9.0 baths, 4810 sq ft.