See Home Value
$465,000
● House - Off Market

10 Lake Lorraine Circle

Shalimar, FL 32579
bedrooms
3 Beds
bathrooms
2 Baths
$2,524
Est. Monthly
4.24%
Cap Rate

About This Property

New Year, New Price: $475,000 + $15,000 Buyer Credit!

Start 2026 strong in this tropical pool retreat in Lake Lorraine Estates-just minutes to Eglin AFB, Hurlburt Field, and the sugar-white sands of the Emerald Coast. Whether you're upsizing, relocating, or just ready for a backyard that feels like a vacation-this one delivers.

BONUS SPACES:

*20' x 11' air-conditioned workshop-perfect for projects, storage, or side hustles *40-ft concrete pad with 30-amp hookup-bring your boat or RV*Versatile flex room-ideal for laundry, office, or crafts! And here's the kicker: $15,000 buyer credit to use however you choose-rate buy-down, closing costs, upgrades, you pick.

Don't wait-this home is better than ever and priced to move. Reach out today and make this your year to live the Florida Dream! The primary suite is tucked away for privacy and has French doors that open straight to the pool... and honestly, it feels a little like waking up at a resort. The renovated bath is a retreat all its own, and stepping outside to the sparkling pool makes it impossible not to relax. Two additional bedrooms and a remodeled full bath are located on the opposite side of the home, along with a flexible laundry/office/craft room.

The updated kitchen includes granite countertops and opens to a living area with gas fireplace and tile/LVP flooring throughout.

And that backyard? It's a whole mood. Lush palms, a brand-new pool liner and pump (2024), and a screened patio that practically begs for slow mornings and long evenings. Whether you're grilling, floating, entertaining, or just breathing in that salty Gulf airthis space is all about enjoying life.

Even better? A VA assumable mortgage at 3.75% for qualified buyers.

Practical perks you'll love: " HVAC 2019 " Gas water heater 2019 "  Roof 2011 "  No HOA " Pool Pump 2024  " Privacy-fenced

This isn't just a house. It's a lifestyle. A feeling. A fresh start.
Unit Size
-
Days on Market
35 days
Land Size
0.35 acres
Price per sqft
-
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1977

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Cap Rate Calculator

Last updated: 9 months ago (ECAR #981130)

Price History

Date / Event Date Event Price
Feb 5, 2026 Sold
Sold
Jan 4, 2026 In contract -
In contract
Jan 3, 2026 Price Increased $475,000
↑ $10K (2.2%)
Price Increased
Nov 18, 2025 Price Decreased $465,000
↓ $10K (2.1%)
Price Decreased
Nov 7, 2025 Price Decreased $475,000
↓ $5K (1%)
Price Decreased
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 540
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 125
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 15,243
  • Lot Size Frontage Feet: 1,020
  • Total Building Area: 2,904
  • Gross Building Area: 2,904
  • Building Area: 2,023
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,023
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE LORRAINE EST
  • Land Acres: 0000000350
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: LAKE LORRAINE EST 3RD LOT 73 BLK 1

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021502

Geography

  • Assessors Map Reference: 19
  • Parcel: 04-2S-23-1435-0001-0730
  • Block: 1
  • Lot: 73
  • Meridian: SEC 04 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4462
  • Longitude: -86.5573

    Address

  • Full Address: 10 Lake Lorraine Cir
  • Address - House Number: 10
  • Address - Street Name: Lake Lorraine
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C002
  • 4-Digit Zip Code: 1618
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 2,477
  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1943
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 463,425
  • High Value: 553,475
  • Low Value: 373,374

    Market Valuation

  • Market Total Value: $337,607
  • Market Land Value: $96,384
  • Market Improvement Value: $241,223

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $277,874

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 18, 2020
  • Current Sale Recording Date: Feb 21, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3339118
  • Previous Sale Recording Date: Aug 04, 2014
  • Previous Sale Contract Date: Jul 30, 2014
  • Previous Sale Amount: $279,900
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Shalimar Pointe


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Frequently Asked Questions

When was property at 10 Lake Lorraine Circle built and last sold?
The property at 10 Lake Lorraine Circle was built in 1977 and last sold on Feb 18, 2020 for $334,000.
How much is this home worth?
The estimated value of the home located at 10 Lake Lorraine Circle is $0.
What are some comparable homes to 10 Lake Lorraine Circle?
There are currently no comparable homes to 10 Lake Lorraine Circle.