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Lake Lorraine 32579 Shalimar Pointe
18 Lakeshore Drive
$201,000
● House - Off Market

18 Lakeshore Drive

Shalimar, FL 32579
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,924 Ft²
$469,599
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model

About This Property

All brick classic home situated on a prime lot in very desirable community. Single story living with 4 bedrooms, gourmet kitchen (6 burner gas stove) Subzero Fridge - center island with water and tons of cabinet and counter space. Wood burning fireplace, architectural ceilings, fenced in back yard. Commercial Generator - This well preserved home has opportunity for you to add your decorating touches to make it truly your own. Carpet in bedrooms only, wood and tile throughout most living areas. Awesome back patio and ultimate grilling headquarters!
Unit Size
2,924 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$92
Property Type
House
Property Taxes
$162
HOA Dues
-
Year Built
1974

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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 MLS #744660)

Price History

Date / Event Date Event Price
Jul 19, 2022 Sold
Premium
Sold
Nov 4, 2016 Sold
Premium
Sold
Mar 16, 2016 Sold
Premium
Sold
Jan 11, 2016 Listed by World Impact Real Estate $269,800
Listed by World Impact Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,458
  • Lot Size Frontage Feet: 1,300
  • Total Building Area: 3,428
  • Gross Building Area: 3,428
  • Building Area: 3,176
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,176
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE LORRAINE EST 2ND ADD
  • Land Acres: 0000000378
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: LAKE LORRAINE EST 2ND ADD LOT 3 BLK K

Neighborhood

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

Geography

  • Assessors Map Reference: 19
  • Parcel: 04-2S-23-1434-000K-0030
  • Block: K
  • Lot: 3
  • Meridian: SEC 04 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4368
  • Longitude: -86.5576

    Address

  • Full Address: 18 Lakeshore Dr
  • Address - House Number: 18
  • Address - Street Name: Lakeshore
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C004
  • 4-Digit Zip Code: 2210
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 3,227
  • Tax Year: 2023
  • Tax Amount: $489,969
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1941
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 606,358
  • High Value: 724,102
  • Low Value: 488,613

    Market Valuation

  • Market Total Value: $434,709
  • Market Land Value: $96,384
  • Market Improvement Value: $338,325

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $434,709
  • Assessed Land Value: $96,384
  • Assessed Improvements Value: $338,325

    Sales

  • Current Sale Contract Date: Jul 15, 2022
  • Current Sale Recording Date: Jul 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3565447
  • Previous Sale Recording Date: Nov 04, 2016
  • Previous Sale Contract Date: Nov 04, 2016
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Shalimar Pointe

Stats & Trends

Median Asking:

$529,900

Sale Price/ft²

$221

Below Asking

0.03%

Average Days on Market

76

Average Home Size

3466 ft²

Average Home Age

34.6 years

Currently For Sale

12 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: Rodney K Elkins, World Impact Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 744660
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 18 Lakeshore Drive built and last sold?
The property at 18 Lakeshore Drive was built in 1974 and last sold on Jul 15, 2022 for $569,900.
How much is this home worth?
The estimated value of the home located at 18 Lakeshore Drive is $299,123.
What are some comparable homes to 18 Lakeshore Drive?
There are currently no comparable homes to 18 Lakeshore Drive.
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