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Lake Lorraine 32579 Shalimar Pointe
26 Lake Lorraine Circle
$359,000
● House - Off Market

26 Lake Lorraine Circle

Shalimar, FL 32579
bedrooms
4 Beds
bathrooms
2 Baths
$2,064
Est. Monthly
10.09%
Cap Rate

About This Property

This 4 bedroom, 2 bath home needs some TLC but will make a wonderful investment for a family or investor. Nice split bedroom floor plan, screened porch, .25 acre lot,  great neighborhood and location. Close to military bases and all things Emerald Coast! *New kitchen appliances have been installed.
Unit Size
-
Days on Market
167 days
Land Size
0.25 acres
Price per sqft
-
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1977

Payment Calculator

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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 #966146)

Price History

Date / Event Date Event Price
Jun 27, 2025 Sold
Premium
Sold
Jun 2, 2025 In contract -
In contract
May 28, 2025 Price Decreased $359,000
↓ $10K (2.7%)
Price Decreased
May 2, 2025 Price Decreased $369,000
↓ $10K (2.6%)
Price Decreased
Feb 26, 2025 Price Decreased $379,000
↓ $10K (2.6%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 11
  • 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: 546
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,801
  • Lot Size Frontage Feet: 900
  • Total Building Area: 3,051
  • Gross Building Area: 3,051
  • Building Area: 1,916
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,916
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE LORRAINE EST
  • Land Acres: 0000000248
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: LAKE LORRAINE EST 3RD LOT 6 BLK 2

Neighborhood

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

Geography

  • Assessors Map Reference: 19
  • Parcel: 04-2S-23-1435-0002-0060
  • Block: 2
  • Lot: 6
  • Meridian: SEC 04 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4447
  • Longitude: -86.5552

    Address

  • Full Address: 26 Lake Lorraine Cir
  • Address - House Number: 26
  • Address - Street Name: Lake Lorraine
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C002
  • 4-Digit Zip Code: 1631
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 2,469
  • Tax Year: 2023
  • Tax Amount: $361,188
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1943
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 416,873
  • High Value: 497,877
  • Low Value: 335,868

    Market Valuation

  • Market Total Value: $291,747
  • Market Land Value: $96,384
  • Market Improvement Value: $195,363

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $291,747
  • Assessed Land Value: $96,384
  • Assessed Improvements Value: $195,363

    Sales

  • Current Sale Contract Date: Oct 01, 2021
  • Current Sale Recording Date: Dec 09, 2021
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 3511710
  • Previous Sale Recording Date: Jan 16, 2004
  • Previous Sale Contract Date: Jan 09, 2004
  • Previous Sale Amount: $200,000
  • 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 Shalimar Pointe

Stats & Trends

Median Asking:

$529,900

Sale Price/ft²

$219

Below Asking

0.03%

Average Days on Market

77

Average Home Size

3698 ft²

Average Home Age

32.3 years

Currently For Sale

10 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: Tracy L Wood, NextHome Cornerstone Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 966146
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 26 Lake Lorraine Circle built and last sold?
The property at 26 Lake Lorraine Circle was built in 1977 and last sold on Oct 1, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 26 Lake Lorraine Circle is $0.
What are some comparable homes to 26 Lake Lorraine Circle?
There are currently no comparable homes to 26 Lake Lorraine Circle.
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