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Lake Lorraine 32579 Port Dixie
24 2Nd Street
$320,000
● House - Off Market

24 2Nd Street

Shalimar, FL 32579
bedrooms
3 Beds
bathrooms
2 Baths
$2,373
Est. Monthly
$581
HOA / Fees
4.97%
Cap Rate

About This Property

Home has been completely remodeled. All work was done prior to listing. Roof, paint, carpet, appliances, plumbing. Adorable 3br 2BA in Shalimar Cottages with private community park directly behind the home. Enjoy this turn key home immediately and start building equity. New owner will enjoy the close proximity to schools, hospital and Eglin AFB.
Unit Size
-
Days on Market
38 days
Land Size
0.09 acres
Price per sqft
-
Property Type
House
Property Taxes
$195
HOA Dues
$581
Year Built
2003

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #974751)

Price History

Date / Event Date Event Price
Jun 2, 2025 Sold
Premium
Sold
May 4, 2025 In contract -
In contract
Apr 24, 2025 Listed by The Beach Group Properties LLC $325,000
Listed by The Beach Group Properties LLC
Jan 4, 2013 Sold
Premium
Sold
Apr 20, 2012 Listed by The Beach Group Properties LLC $165,900
Listed by The Beach Group Properties LLC
Show More

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: 4,019
  • 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: 0000000092
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SHALIMAR COTTAGES S/D LOT 6

Neighborhood

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

Geography

  • Assessors Map Reference: 44
  • Parcel: 05-2S-23-2093-0000-0060
  • Lot: 6
  • Meridian: SEC 05 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.441
  • Longitude: -86.5795

    Address

  • Full Address: 24 2nd St
  • Address - House Number: 24
  • 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: $279,308
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1977
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 317,042
  • High Value: 379,739
  • Low Value: 254,346

    Market Valuation

  • Market Total Value: $225,609
  • Market Land Value: $58,203
  • Market Improvement Value: $167,406

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,609
  • Assessed Land Value: $58,203
  • Assessed Improvements Value: $167,406

    Sales

  • Current Sale Contract Date: Dec 31, 2012
  • Current Sale Recording Date: Jan 04, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2825092
  • Previous Sale Recording Date: Oct 31, 2008
  • Previous Sale Contract Date: Oct 30, 2008
  • Previous Sale Amount: $172,000
  • Previous Sale Document Type: 71
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

1707 ft²

Average Home Age

38.9 years

Currently For Sale

37 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: John J Lavin, The Beach Group Properties LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 974751
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 24 2nd Street built and last sold?
The property at 24 2nd Street was built in 2003 and last sold on Dec 31, 2012 for $152,000.
How much is this home worth?
The estimated value of the home located at 24 2nd Street is $0.
What are some comparable homes to 24 2nd Street?
There are currently no comparable homes to 24 2nd Street.
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