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

59 Lakeshore Drive

Shalimar, FL 32579
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$6,674
Est. Monthly
1.53%
Cap Rate

About This Property

Beautiful Waterfront Property!  The home sits on Lake Lorraine with spectacular views of Choctawhatchee Bay, Okaloosa Island and just minutes to Crab Island.  This 4 bed, 2.5 bath home is located in the desirable Lake Lorraine Gardens subdivision.  Hardwood floors throughout the home except in the two full bathrooms. On the main level you will find a large, gourmet kitchen with granite counter tops & stainless appliances; a formal dining room; the living room with a new gas fireplace; an office area; a half bath and the Master Suite with remodeled bathroom.  The beautiful stairway with wrought iron handrail, takes you up to 3 additional bedrooms and a full bath. Spacious decks on the back of the house to enjoy the views.  There is a large backyard that walks down to the water and the boat dock. The front yard is nicely

landscaped with large trees and a paver brick driveway. A new roof was installed in 2019.  See the list of other upgrades made by the Seller in the documents section.
Unit Size
-
Days on Market
79 days
Land Size
0.33 acres
Price per sqft
-
Property Type
House
Property Taxes
$541
HOA Dues
-
Year Built
1989

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Cap Rate Calculator

Last updated: 2 years ago (ECAR #968856)

Price History

Date / Event Date Event Price
Sep 18, 2025 Sold
Sold
Aug 15, 2025 In contract -
In contract
Jul 2, 2025 Relisted $1,299,000
Relisted
Jun 25, 2025 In contract -
In contract
Jun 3, 2025 Price Decreased $1,249,000
↓ $50K (3.9%)
Price Decreased
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Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • 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: 551
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 58
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,203
  • Lot Size Frontage Feet: 650
  • Total Building Area: 4,704
  • Gross Building Area: 4,704
  • Building Area: 3,321
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,321
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE LORRAINE GARDENS
  • Land Acres: 0000000326
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: LAKE LORRAINE GARDENS LOT 17

Neighborhood

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

Geography

  • Assessors Map Reference: 19
  • Parcel: 04-2S-23-1437-0000-0170
  • Lot: 17
  • Meridian: SEC 04 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4357
  • Longitude: -86.557

    Address

  • Full Address: 59 Lakeshore Dr
  • Address - House Number: 59
  • Address - Street Name: Lakeshore
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C004
  • 4-Digit Zip Code: 2209
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 3,779
  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.0808
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 94
  • Final Value: 1,164,628
  • High Value: 1,258,779
  • Low Value: 1,070,478

    Market Valuation

  • Market Total Value: $783,736
  • Market Land Value: $300,365
  • Market Improvement Value: $483,371

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $594,579

    Sales

  • Current Sale Contract Date: Jan 16, 2024
  • Current Sale Recording Date: Jan 18, 2024
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3666811
  • Previous Sale Recording Date: Jul 12, 2019
  • Previous Sale Contract Date: Jul 01, 2019
  • Previous Sale Amount: $710,000
  • Previous Sale Document Type: 71
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 Shalimar Pointe


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Frequently Asked Questions

When was property at 59 Lakeshore Drive built and last sold?
The property at 59 Lakeshore Drive was built in 1989 and last sold on Jan 16, 2024 for $1,166,000.
How much is this home worth?
The estimated value of the home located at 59 Lakeshore Drive is $1,261,490.
What are some comparable homes to 59 Lakeshore Drive?
There are currently no comparable homes to 59 Lakeshore Drive.