124 Indian Bayou Drive, Destin, FL 32541 (MLS# 999396)

124 Indian Bayou Drive, Destin, FL 32541

$4,775,000

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 6,254 Lot Size (sq. ft.): 38,768 Status: Active

Current Price: $4,775,000 List Date: 4/16/2026 Last Modified: 4/19/2026

Overview

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.

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, expansiv ... (Read more)

Listing Details MLS# 999396

Contract Info

List Price/SqFt: 763.51
Listing Board: Emerald Coast

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

General Property Info

Sub-Type: Detached Single Family
Design: Traditional
Apx SqFt(Htd/Cooled): 6254
SqFt Source: Appraiser
Full Baths: 5
Total Bathrooms: 5
# Stories: 2
Year Built: 1991
Immediate Occupancy: Yes
Garage: Yes
Carport: No
Garage Spaces: 8
Driveway Spaces: 6
Acreage: 0.89
Pool: Yes
Pool Type: Private

Waterfront

Waterfront Feet: 158
Bay: Yes
Bayou: Yes

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

More Information

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.

Construction Status

Construction Complete: Yes

Parking Features

Boat: Yes
Garage: Yes
Garage Attached: Yes
Oversized: Yes

Waterview

Bay: Yes
Bayou: Yes

Lot/Parcel Access

City Road: Yes

Lot Features

Bulkhead/Seawall: Yes
Covenants: Yes
Flood Insurance Req: Yes

Project Facilities

Golf: Yes

Construction/Siding

Roof Metal: Yes
Stucco: Yes

Utilities

Electric: Yes
Gas - Natural: Yes
Phone: Yes
Public Sewer: Yes
Public Water: Yes
TV Cable: Yes
Underground: Yes

Zoning

City: Yes
Deed Restrictions: Yes

Exterior

BBQ Pit/Grill: Yes
Boat Slip: Yes
Boatlift: Yes
Dock: Yes
Fenced Back Yard: Yes
Hurricane Shutters: Yes
Lawn Pump: Yes
Pavillion/Gazebo: Yes
Pool - Gunite Concrt: Yes
Pool - In-Ground: Yes
Porch: Yes
Porch Open: Yes
Renovated: Yes
Shower: Yes
Sprinkler System: Yes

Interior

Basement Finished: Yes
Basement Unfinished: Yes
Breakfast Bar: Yes
Built-In Bookcases: Yes
Ceiling Beamed: Yes
Ceiling Crwn Molding: Yes
Ceiling Tray/Cofferd: Yes
Elevator: Yes
Fireplace: Yes
Fireplace Gas: Yes
Floor Hardwood: Yes
Floor Marble: Yes
Floor Tile: Yes
Guest Quarters: Yes
Kitchen Island: Yes
Lighting Recessed: Yes
Newly Painted: Yes
Pantry: Yes
Plantation Shutters: Yes
Pull Down Stairs: Yes
Renovated: Yes
Shelving: Yes
Split Bedroom: Yes
Washer/Dryer Hookup: Yes
Window Bay: Yes
Window Treatment All: Yes
Woodwork Painted: Yes

Financing

Conventional: Yes
Other: Yes

Appliances

Auto Garage Door Opn: Yes
Central Vacuum: Yes
Cooktop: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Freezer: Yes
Ice Machine: Yes
Microwave: Yes
Refrigerator: Yes
Refrigerator W/IceMk: Yes
Security System: Yes
Smoke Detector: Yes
Stove/Oven Gas: Yes
Washer: Yes

Energy

AC - 2 or More: Yes
AC - Central Elect: Yes
Ceiling Fans: Yes
Double Pane Windows: Yes
Heat - Two or More: Yes
Storm Windows: Yes
Water Heater - Elect: Yes
Water Heater - Two +: Yes

Mstr Bdrm/Mstr Bath

MBath Double Vanity: Yes
MBath Shower Only: Yes
MBed Walk-in Closet: Yes
MBed Waterfront: Yes

Master Bedroom

Second: Yes

Bedroom

First: Yes
Second: Yes

Kitchen

First: Yes
Second: Yes

Rooms

Bedroom: Yes
Bonus Room: Yes
Breakfast Room: Yes
Den: Yes
Dining Area: Yes
Family Room: Yes
Kitchen: Yes
Master Bedroom: Yes
Other: Yes
Sun Room: Yes

Fees Include

Accounting: Yes
Ground Keeping: Yes
Security: Yes

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

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.