See Home Value
$1,200,000
● House - Off Market

5 Palm Drive

Shalimar, FL 32579
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$5,986
Est. Monthly

About This Property

**UNDER CONTRACT 4-27-2025* 72 HR KICK OUT CLAUSE EXECUTED* ACCEPTING BACK UP OFFERS.

NO HOA-STUNNING WATERFRONT HOME WITH POOL, 2 BOAT SLIPS/LIFTS, PROTECTED WATERWAY, AND OUTDOOR SPACE.

Nestled on Lake Clyde, a deep-water saltwater lake in Shalimar, Florida with direct access to the bay and ultimately the Gulf of Mexico and some of the finest fishing around. This home brings charm, warmth and is the perfect property for the saltwater enthusiast.  The property features two private boat slips, along with a spacious sun deck-perfect for sunbathing, relaxing, or enjoying breathtaking views of the water.

The backyard is expansive; complete with a huge pool, fully equipped outdoor kitchen  with a natural gas grill and broiler for your next shrimp boil. The backyard has been cultivated by a master gardener to feature mature flowers, plants and palm trees to include a 22 year old fig tree that produces a ton of fruit June/July, 5 blueberry bushes, a tangelo and several thornless blackberry bushes. It's your own tropical paradise!

Stepping in from the backyard you are greeted into the Florida room which is a fantastic place to sip your cup of coffee in the morning or enjoy a relaxing evening.

The kitchen is spacious. There is plenty of space to serve guests and tons of cabinets to store away all your cookware. Just off the kitchen is the living room with 12ft stained cedar ceilings that bring warmth to the space.  The living room has plenty of space for your oversized seating and even has a bonus room just off the living room that is currently being used as a music room with even more cabinets and storage.  The living room is home to the gas fireplace and entertainment equipment that fuels the indoor and outdoor speakers.  

Just off the living room is the master suite (1st floor) and large tranquil master bathroom with his and her closets.  You will LOVE the oversized custom designed river rock shower- beautiful and functional.

Also, on the 1st floor you will find the laundry room and a good-sized office just off the 2-car garage.

Upstairs, you'll find a versatile loft space ideal for a home office, reading nook, or additional living area and 2 bedrooms.  Your guest/family can draw straws on whoever gets the bedroom with their own private balcony.  

The seller has gone above and beyond meticulously maintaining the property. the bay. Brand new dock piers with new snap jackets.  The pool has a brand-new pool liner 2024.  Security system in place with ADT. This home truly offers the ultimate in waterfront living, with all the amenities and details you could want for a luxurious, relaxed lifestyle. (SEE FEATURE SHEET IN PICTURES)
Unit Size
-
Days on Market
169 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1979

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Last updated: 2 years ago (ECAR #966382)

Price History

Date / Event Date Event Price
Jul 3, 2025 Sold
Sold
May 15, 2025 In contract -
In contract
Apr 19, 2025 Price Decreased $1,219,000
↓ $30K (2.4%)
Price Decreased
Mar 1, 2025 Price Decreased $1,249,000
↓ $20K (1.6%)
Price Decreased
Feb 20, 2025 Price Decreased $1,269,000
↓ $11K (0.9%)
Price Decreased
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Property Highlights

Garage
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 625
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 125
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 15,879
  • Lot Size Frontage Feet: 400
  • Total Building Area: 3,990
  • Gross Building Area: 3,990
  • Building Area: 2,817
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,817
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JONITA EST
  • Land Acres: 0000000365
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: JONITA ESTS LOT 2 BLK 3 & PARCELS LYING E OF LOT

Neighborhood

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

Geography

  • Assessors Map Reference: 45
  • Parcel: 09-2S-23-1340-0003-0020
  • Block: 3
  • Lot: 2
  • Meridian: SEC 09 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4347
  • Longitude: -86.5778

    Address

  • Full Address: 5 Palm Dr
  • Address - House Number: 5
  • Address - Street Name: Palm
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C004
  • 4-Digit Zip Code: 2123
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 3,341
  • Tax Year: 2023
  • Tax Amount: $350,005
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 623,928
  • High Value: 735,145
  • Low Value: 512,711

    Market Valuation

  • Market Total Value: $516,383
  • Market Land Value: $228,034
  • Market Improvement Value: $288,349

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $321,653

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 23, 2000
  • Current Sale Recording Date: May 24, 2000
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1772312
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Jonita Estates


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Frequently Asked Questions

When was property at 5 Palm Drive built and last sold?
The property at 5 Palm Drive was built in 1979 and last sold on May 23, 2000 for $340,000.
How much is this home worth?
The estimated value of the home located at 5 Palm Drive is $1,231,190.
What are some comparable homes to 5 Palm Drive?
There are currently no comparable homes to 5 Palm Drive.