Offered for sale at $4,500,000 or lease at $20,000/month. Introducing a rare opportunity to lease a brand new coastal-modern waterfront estate inside gated Kelly Plantation--one of Destin's most coveted luxury communities. This 1.12-acre homesite with approx. 520 feet of deep-water frontage on Jones Bayou, delivers sunset-rich views, a resort-style saltwater pool and spa, and a private dock with quick access to the bay, Destin Harbor, Crab Island, and the Gulf. This newly constructed home was thoughtfully designed for both everyday living and effortless entertaining. The home offers 8,917 total SF (approx. 6,651 SF heated/cooled), 6 bedrooms, 6.5 baths, multiple living spaces, and a 3-car garage with EV charging. Step through the custom pivot door into the furnished great room anchored by a gas fireplace wrapped in artisan Venetian plasterA, 26' lighted tray ceiling, custom LED chandeliers, and expansive glass capture water and sky from morning to night. The chef's kitchen features a Wolf gas range, Sub-Zero refrigeration, a quartzite waterfall island, and a fully outfitted butler's pantry with sink, microwave, beverage refrigerator, and ice maker. Adjacent, a glass-front wine room with custom shelving showcases your collection, while the dining area opens directly to the outdoor kitchen for seamless indoor-outdoor gatherings. The main-level primary suite is a private retreat with its own fireplace and pocketing glass doors to the lanai and pool deck. A 26' lighted tray ceiling, custom LED chandeliers, and expansive glass capture water and sky from morning to night. The chef's kitchen features a Wolf gas range, Sub-Zero refrigeration, a quartzite waterfall island, and a fully outfitted butler's pantry with sink, microwave, beverage refrigerator, and ice maker. Adjacent, a glass-front wine room with custom shelving showcases your collection, while the dining area opens directly to the outdoor kitchen for seamless indoor-outdoor gatherings. The main-level primary suite is a private retreat with its own fireplace and pocketing glass doors to the lanai and pool deck. The spa bath pairs floating, under-lit double vanities and a makeup station with a freestanding soaking tub and an oversized shower featuring dual heads, rain heads, and wands. Dual boutique-style walk-in closets complete the suite. Also on the first floor: a private office with discreet access to a "hidden" safe room, a powder room, a mud room, and a full laundry. Outdoors, a heated saltwater pool and spa with LED lighting anchor an expansive paver deck designed for sunset lounging. Ceiling speakers set the mood, and the full summer kitchen with natural-gas grill, beverage refrigerator, and ice maker. Upstairs, four generous guest suites one secondary primary each feature raised ceilings and designer ensuite baths (floating under-lit vanities; custom tile walk-in showers; one with shower/tub). A fifth bedroom/flex room functions beautifully as a gym, with its own bath and a designated sauna space. Two suites enjoy private balconies (front and waterfront). Lifestyle amenities continue with a deluxe theater/media room offering elevated platform seating, a wet bar with beverage fridge, a large family/bonus living room, a second laundry, and a mechanical/storage room. Boaters will appreciate the private 120' x 32' deep-water dock with swim platform and Tru-Flow composite decking and personal watercraft. From here, you're minutes to some of the Emerald Coast's finest fishing and frequent dolphin sightings. Practical luxury underpins the design: four HVAC systems (two per floor), two gas tankless water heaters, gas-heated pool, Wi-Fi/electronic pool-spa-lighting controls, custom LED landscape lighting, irrigation system, gutters, and gas lanterns. The three-car garage (approx. 968 SF) features glass-panel doors, custom cabinetry with sink, and a smart-car charging outlet. Kelly Plantation living includes an 18-hole championship golf course, owner's club, fitness and yoga facilities, tennis, pickleball, basketball, dog park, nature trails moments from Destin's iconic white-sand beaches, dining, shopping, and galleries. Flood Zone X with FEMA LOMR approval (FFE approx. 8'7") adds peace of mind. Available as a luxury long-term rental.