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Lake Lorraine 32579 Port Dixie
16 2Nd Street
$313,000
● House - Off Market

16 2Nd Street

Shalimar, FL 32579
bedrooms
3 Beds
bathrooms
2 Baths
$2,400
Est. Monthly
$581
HOA / Fees
4.87%
Cap Rate

About This Property

Shalimar Cottage in neighborhood with a private community park with a walking path for exclusive use of subdivision occupants.  Interior walls, doors and baseboards have been painted along with the interior of the garage. Open floor plan, living room with vaulted ceiling.  Primary bathroom has a garden tub, double vanity & walk in closet.  New roof Sept 2022; HWH 2019.
Unit Size
-
Days on Market
101 days
Land Size
0.09 acres
Price per sqft
-
Property Type
House
Property Taxes
$222
HOA Dues
$581
Year Built
2003

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (ECAR #968862)

Price History

Date / Event Date Event Price
May 30, 2025 Sold
Premium
Sold
May 7, 2025 In contract -
In contract
Feb 17, 2025 Listed by Coastal Realty Services $325,000
Listed by Coastal Realty Services
Sep 4, 2003 Sold
Premium
Sold
Feb 19, 2003 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • 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: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 430
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,914
  • Total Building Area: 1,828
  • Gross Building Area: 1,828
  • Building Area: 1,374
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,374
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHALIMAR COTTAGES S/D
  • Land Acres: 0000000090
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SHALIMAR COTTAGES S/D LOT 2

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021501

Geography

  • Assessors Map Reference: 44
  • Parcel: 05-2S-23-2093-0000-0020
  • Lot: 2
  • Meridian: SEC 05 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4405
  • Longitude: -86.5795

    Address

  • Full Address: 16 2nd St
  • Address - House Number: 16
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C009
  • 4-Digit Zip Code: 1751
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 1,618
  • Tax Year: 2023
  • Tax Amount: $266,691
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 298,295
  • High Value: 351,467
  • Low Value: 245,123

    Market Valuation

  • Market Total Value: $230,078
  • Market Land Value: $58,203
  • Market Improvement Value: $171,875

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $230,078
  • Assessed Land Value: $58,203
  • Assessed Improvements Value: $171,875

    Sales

  • Current Sale Contract Date: Aug 29, 2003
  • Current Sale Recording Date: Sep 04, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2052228
  • Previous Sale Recording Date: Feb 19, 2003
  • Previous Sale Contract Date: Feb 17, 2003
  • Previous Sale Amount: $26,900
  • Previous Sale Document Type: 71

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Port Dixie

Stats & Trends

Median Asking:

$327,000

Sale Price/ft²

$217

Below Asking

0.02%

Average Days on Market

68

Average Home Size

1703 ft²

Average Home Age

39 years

Currently For Sale

38 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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ECAR

Listed by: Kevin L Krueger, Coastal Realty Services
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 968862
IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 16 2nd Street built and last sold?
The property at 16 2nd Street was built in 2003 and last sold on Aug 29, 2003 for $124,000.
How much is this home worth?
The estimated value of the home located at 16 2nd Street is $0.
What are some comparable homes to 16 2nd Street?
There are currently no comparable homes to 16 2nd Street.
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