Features & Amenities

Interior

  • Other Interior Features

    Breakfast Bar, Crown Molding, Vaulted Ceiling(s), Kitchen Island, Recessed Lighting, Pantry

  • Total Bedrooms

    3

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s), Electric

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Natural Gas

  • Pet friendly

    Yes

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Frame, Stucco

  • Other Exterior Features

    Outdoor Grill

  • Parking

    Garage Door Opener, Garage

  • Patio and Porch Features

    Porch, Patio, Covered, Screened

  • Pool

    Yes

  • Pool Features

    Community

Area & Lot

  • Lot Size(acres)

    0.13

  • Lot Size(square feet)

    5,662

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Florida Cottage

Price

  • Sales Price

    $935,000

  • Tax Amount

    $5,661.41

  • Zoning

    Resid Single Family

  • Sq. Footage

    1,731

  • Price/SqFt

    $540

HOA

  • Association

    YES

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Destin

  • Middle School

    Destin

  • High School

    Destin

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Okaloosa

Elementary School

Destin

Middle School

Destin

High School

Destin

Listing Courtesy of The Wasson Group, Vacasa Florida LLC

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4786 Boanaire Cay is a well-maintained single-story coastal cottage that has been freshly updated and is located inside the gates of Destiny East. This open concept, three bedroom residence offers both privacy and serenity with a large covered screened porch that's ideal for outdoor entertaining or relaxation overlooking the manicured landscaping. A few of the recent enhancements are fresh interior paint, low maintenance porcelain plank flooring throughout and a remodeled kitchen complete with granite countertops & stainless steel appliances. As you enter the residence, you're welcomed with abundant natural lighting and the open floor plan that this home offers. This property also offers unique flexibility in owner usage as a primary residence or second home with excellent short term... ...short term rental opportunities. 

The private master suite is on the east wing of the structure and is separate from the guest bedrooms. It offers exceptional natural lighting and has its own private access to the extensive screened-in porch. The master bath features dual vanities, a separate walk-in shower, and a large soaking tub. There are two additional bedroom suites that share a full bathroom. One of the bedrooms serves as a bunk room that comfortably sleeps 4.

Destiny East is one of the area's premier gated beach communities, with excellent amenities available to owners and guests including close proximity to public beach access, two community pools, lake access, fitness center, IMAX theatre, tennis courts, private clubhouse, children's playground and private security. This prominent location is also just minutes to The Destin Commons, Regatta Bay golf course and Whole Foods as well as a pedestrian path leading to all of the outstanding restaurants along Scenic Highway 98.

The property is under contract subject to a 72 hour kickout clause.

4786 Bonaire Cay

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Related Properties

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Boat or beach - you don't have to choose. Set waterfront along the protected canals of the Destin Harbor, 109 Durango Road pairs a private boat slip with a 20,000-lb boat lift, currently accommodating a 35-foot boat, and walking distance to Holiday Isle's private beach access. Completely transformed by a local design team, this three-bedroom, three-bath waterfront townhome feels less like a typical townhouse and more like a curated coastal retreat designed around life on the water.
Custom white oak cabinetry and millwork, Venetian plaster, Italian and Moroccan tile, quartz surfaces, designer lighting and fixtures, and rich Ipe decking create an elevated finish rarely found in this location at this price point. The first-floor primary king suite opens to a private waterfront terrace just steps from the boat slip and features a spa-like bath with jetted tub and separate shower. Custom white oak barn doors and fitted built-ins continue throughout all closets in the home, while an additional king suite with ensuite bath completes the first level.
Upstairs, the home opens dramatically into a light-filled living, kitchen and dining space with wide-open sightlines and an unexpectedly generous sense of scale. The kitchen is anchored by mitered-edge waterfall quartz countertops, custom-milled white oak cabinetry and a striking marble backsplash, while Venetian plaster adds another layer of texture and refinement. A wall of glass doors extend the living space onto an expansive waterfront terrace that feels like a destination of its own. Multiple conversation and lounge areas create room for entertaining or unwinding, while a full summer kitchen with quartz countertops, built-in grill and refrigerator makes outdoor living effortless. Sleek glass railings preserve the open water views and reinforce the modern coastal aesthetic found throughout the residence. A flexible third bedroom adds a custom queen Murphy bed surrounded by built-in shelving and drawers, allowing the space to transition easily between guest accommodations and additional living space.

But perhaps the greatest luxury here is how effortlessly the water becomes part of everyday life. Start the morning with coffee and a quiet cruise through the Destin Harbor. Spend the afternoon anchored at Crab Island, head offshore through East Pass for a day of Gulf fishing, or leave the boat behind and make the short trip to the beach. As the day winds down, take the boat out for a sunset cruise, pour a glass of wine and watch the harbor lights come alive. 

Few Destin waterfront properties bring together this level of design, private boating access and proximity to a private beach. A special harbor deserves a special residence. This is waterfront Destin living reimagined.
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Gulf-Front Destin Retreat | Investment Opportunity with Renovation Potential! 

Located along Scenic Highway 98 in the heart of Destin's sought-after Crystal Beach area, this property offers the rare combination of direct beach access, Gulf views and strong vacation-rental appeal.

Designed for both personal enjoyment and investment potential, the residence comfortably accommodates up to six guests with a flexible sleeping configuration that includes hallway bunks. A private Gulf-view balcony creates the perfect setting for morning coffee, sunset cocktails, and taking in the emerald waters just beyond your door.

The community offers a seasonally heated pool, private beach access, outdoor grilling areas, and convenient parking, allowing owners and guests to fully embrace the effortless coastal lifestyle. With no roads to cross between the property and the sand, the beach is quite literally steps away.

**Bring Your Vision -- Renovation Potential Awaits**

For buyers looking to add value, this property also presents an exciting renovation opportunity. We have included conceptual images to help showcase what the residence could look like with thoughtful updates and a fresh coastal design.
ASK FOR MORE INFO! To make the process easier, renovation quotes and helpful links are available, allowing prospective buyers to better understand the scope and potential investment before making a decision. If you would like to review the renovation information, quotes, or resources, please reach out -- we are happy to provide them.

For the investor, this creates an opportunity to acquire a Gulf-front property and strategically improve it to enhance its appeal, functionality, and potential rental performance.

For the second-home buyer, it offers something equally valuable: the ability to create a personalized Gulf-front retreat that reflects your own style while enjoying the potential to generate rental income when you aren't there.

Located close to Destin's renowned dining, shopping, entertainment, boating, and attractions, this is more than a condo -- it is an opportunity to own a piece of the Destin lifestyle with the vision and potential to make it your own.

Whether you're looking for your next investment, a 1031 exchange opportunity, a renovation project, or your own Gulf-front getaway, this is one worth seeing.
ASK FOR THE CASH FLOW SHEET!
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This 806-sqft unit lives much larger thanks to thoughtful renovations, including removal of the original kitchen bar to create an open, spacious living/dining area. Updates include tile plank flooring throughout, Shiplap accents the entry-to-balcony wall, built-in bunks & bedroom headboard wall, fresh paint, smooth ceilings, ceiling fans, and updated lighting and plumbing fixtures.
The renovated kitchen features updated custom cabinetry with undermount lighting, glass tile backsplash, granite countertops, stainless appliances including a new dishwasher.
You and your guests will love the accessibility of and an island-style dining table!

Both bathroom vanities have been updated with new cabinetry, countertops, and fixtures, and the updated tile shower features  a glass enclosure. 

And so important: improvements include a new HVAC system and new dishwasher & washer/dryer less than a year old. 

This unit is perfect for a vacation rental, second home, or beach getaway. Move in & rental ready; seller projects $72K gross rental revenue for 2026.
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Sold fully furnished and ready for immediate enjoyment, the home is well positioned for use as a vacation rental, second home or personal beach retreat. Short-term rentals are allowed, offering buyers the opportunity to generate income while retaining the flexibility to enjoy the property themselves.

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