$4,775,000

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… Read More 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 property. Read Less

Courtesy of Brian K LoCicero, Keller Williams Realty Destin.

Listing Snapshot

Days Online

Last Updated

Apr 19, 2026

Beds

Square Ft.

6,254

Lot Size

0.89 Acres

Year Built

1991

MLS Number

999396

30 Days Snapshot Of 32541

$562k

-10%

(avg) sold price

-23%

homes sold

149

+23%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road frontage: "City Street"

Building

Architectural style: "Traditional", Total area: 6,254, Built in 1991

Cooling

"Ceiling Fans", "Central Air"

Exterior Features

"BBQ Pit/Grill", "Boat Slip", "Boatlift", "Dock", "Fenced Back Yard", "Hurricane Shutters", "Lawn Pump", "Pavillion/Gazebo", "Pool - Gunite Concrt", "Shower", "Sprinkler System"

Garage

8 spaces

Interior Features

"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

0.89 acres, 38,768 square feet, Area: 1, "Bulkhead/Seawall", "Covenants", "Flood Insurance Req"

Parking

"Garage", "Boat", "Oversized"

Property

View: "Bayou", "Bay", "Bay", "Bayou"

Taxes

Annual amount: $17,624

Windows

"Plantation Shutters", "Window Bay", "Window Treatment All", "Double Pane Windows", "Storm Windows"

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