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Lake Lorraine 32579 Shalimar Pointe
2905 Shalimar Lane
$485,000
● House - Off Market

2905 Shalimar Lane

Shalimar, FL 32579
bedrooms
3 Beds
bathrooms
2 Baths
$2,567
Est. Monthly
$185
HOA / Fees
4.24%
Cap Rate

About This Property

Located in the desirable Shalimar Point Golf and Tennis Community. Home is well maintained and perfectly nestled in this gated bayfront community - located on the 2nd hole with views and privacy you would want in a Golf Course Community. Home was renovated and professionally decorated in 2020. All lighting is custom as well as interior designed and decorated. Custom Kitchen Cabinets with quartz counter tops. LVP flooring throughout. Master bath features double vanity, garden tub and quartz countertops. Roof was replaced in 2019. Furnishing may convey with exception of a few personal items. The open floor plan and modern furnishings make this spectacular find. Amazing opportunity to own this beautiful home in a very desired neighborhood. Buyer to verify any and all information.
Unit Size
-
Days on Market
36 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
$185
Year Built
1996

Payment Calculator

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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 #976699)

Price History

Date / Event Date Event Price
Jun 24, 2025 Sold
Premium
Sold
May 25, 2025 In contract -
In contract
May 19, 2025 Listed by Coast To Coast Property Broker $485,000
Listed by Coast To Coast Property Broker
Mar 4, 2002 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • 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
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,038
  • Total Building Area: 2,406
  • Gross Building Area: 2,406
  • Building Area: 1,903
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,903
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHALIMAR POINT
  • Land Acres: 0000000162
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SHALIMAR POINTE PH I LOT 53

Neighborhood

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

Geography

  • Assessors Map Reference: 19
  • Subdivision Phase Number: 1
  • Parcel: 04-2S-23-225A-0000-0530
  • Block: 1
  • Lot: 53
  • Meridian: SEC 04 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4415
  • Longitude: -86.554

    Address

  • Full Address: 2905 Shalimar Ln
  • Address - House Number: 2905
  • Address - Street Name: Shalimar
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C004
  • 4-Digit Zip Code: 1645
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 2,164
  • Tax Year: 2023
  • Tax Amount: $202,732
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1948
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 457,602
  • High Value: 546,756
  • Low Value: 368,448

    Market Valuation

  • Market Total Value: $341,532
  • Market Land Value: $96,288
  • Market Improvement Value: $245,244

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $202,695

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 22, 2002
  • Current Sale Recording Date: Mar 04, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1905122
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

76

Average Home Size

3804 ft²

Average Home Age

33.8 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: Troy A Sheldon, Coast To Coast Property Broker
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 976699
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 2905 Shalimar Lane built and last sold?
The property at 2905 Shalimar Lane was built in 1996 and last sold on Feb 22, 2002 for $171,000.
How much is this home worth?
The estimated value of the home located at 2905 Shalimar Lane is $489,850.
What are some comparable homes to 2905 Shalimar Lane?
There are currently no comparable homes to 2905 Shalimar Lane.
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