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124 Indian Bayou Drive
Destin, FL 32541

$4,775,000 - Status: Active
Bed Icon Beds: 5
Bath Icon Baths: 5 full
Sq Feet Icon SQFT (H&C): 6,254
MLS Icon MLS# 999396

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. 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 p

Property Features

MLS#: 999396
Zip: 32541
Subdivision: Indian Bayou
Development: 14 - Destin
Property Type: Residential - Single Family
Basement: Basement Finished, Basement Unfinished
Basement: Yes
Cooling: Ceiling Fans, Central Air
Days on Site: 5
Fenced: Yes
Garage: 8 car attached
Home Style: Traditional
Lot Size: 0.89 acres
Stories: 2.0
Taxes: $17,623
Year Built: 1991
SQFT (H&C): 6,254

Feature Descriptions

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, Water Heater - Elect
Association Fee Includes: $0
Community Features: Golf
Exterior: BBQ Pit/Grill, Boat Slip, Boatlift, Dock, Fenced Back Yard, Hurricane Shutters, Lawn Pump, Pavillion/Gazebo, Pool - Gunite Concrt, Shower, Sprinkler System
Exterior: Stucco
Financing Terms: Conventional, Other
Fireplace: Fireplace Gas
Fireplace Y/N: Yes
Flooring: Floor Hardwood, Floor Marble, Floor Tile
HOA: Yes
Interior: Breakfast Bar, Built-In Bookcases, Ceiling Beamed, Ceiling Crwn Molding, Ceiling Tray/Cofferd, Elevator, Fireplace, Guest Quarters, Kitchen Island, Lighting Recessed, Newly Painted, Pantry, Pull Down Stairs, Shelving, Split Bedroom, Washer/Dryer Hookup, Woodwork Painted
Lot Description: Bulkhead/Seawall, Covenants, Flood Insurance Req
Lot Dimensions: 155X381
Parcel Number: 00-2S-22-1280-000I-0420
Parking: Garage, Boat, Oversized
Patio/Porch: Porch, Porch Open
Pool Features: Pool - In-Ground, Pool Type
Property Condition: Renovated, Construction Complete
Road Frontage: City Street
Rooms Total: 14
Security: yes
Sewer: Public Sewer
Special View Info: Bayou, Bay
Sub Type: Detached Single Family
Utilities: Electric, Gas - Natural, Phone, Public Water, TV Cable, Underground
Waterfront: Bay, Bayou
Window: Plantation Shutters, Window Bay, Window Treatment All, Double Pane Windows, Storm Windows

Local Schools

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

124 Indian Bayou Drive | MLS# 999396

This single family home located at 124 Indian Bayou Drive, Destin, FL 32541 is currently listed for sale with an asking price of $4,775,000. This property was built in 1991 and has 5 bedrooms and 5 full baths with 6254 sq. ft. Indian Bayou Drive is located in the INDIAN BAYOU subdivision. Search INDIAN BAYOU real estate on bmatthews.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Destin

Shown By

Agent Name: Brittany "Britt" Matthews
Agent Phone: (732) 539-6720
Agency Title: Beachy Beach Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/21/2026. The listing information on this page last changed on 04/21/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 04/21/2026 4:18:31 AM EST) or Emerald Coast MLS (last updated Tue 04/21/2026 12:05:22 AM EST) or Central Panhandle Association of Realtors (last updated Tue 04/21/2026 1:17:16 AM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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