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Lake Lorraine 32579 Shalimar Pointe
8 Doral Drive
$264,500
● House - Off Market

8 Doral Drive

Shalimar, FL 32579
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,071 Ft²
$453,619
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

You'll make lots of excuses to stay home and enjoy your home in this spacious 4 bedroom/ 2 bathroom brick home in the quiet Lake Lorraine neighborhood of Shalimar. There are gorgeously landscaped gardens with the perfect proportion of shade and sunshine, and generous space for entertaining guests. Just when you thought it couldn't get any nicer, the inside features a split-bedroom floor plan with many special amenities including: a wood-burning brick fireplace;low utilities cost; beautiful Granite countertops; an eat-in updated kitchen; spacious bedrooms; a living room, dining room and family room and a two car garage.
Unit Size
2,071 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$130
Property Type
House
Property Taxes
$122
HOA Dues
-
Year Built
1978

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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 MLS #756027)

Price History

Date / Event Date Event Price
Oct 25, 2016 Sold
Premium
Sold
Jul 1, 2016 Listed by Uber Realty Llc $269,000
Listed by Uber Realty Llc

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • 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: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 540
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,801
  • Total Building Area: 2,611
  • Gross Building Area: 2,611
  • Building Area: 2,071
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,071
  • 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
  • Legal Description 1: LAKE LORRAINE EST 3RD LOT 27 BLK 3

Neighborhood

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

Geography

  • Assessors Map Reference: MAP 1
  • Parcel: 04-2S-23-1435-0003-0270
  • Block: 3
  • Lot: 27
  • Meridian: SEC 04 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4438
  • Longitude: -86.5561

    Address

  • Full Address: 8 Doral Dr
  • Address - House Number: 8
  • Address - Street Name: Doral
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C002
  • 4-Digit Zip Code: 1612
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 2,368
  • Tax Year: 2023
  • Tax Amount: $178,444
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2589
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 474,408
  • High Value: 597,279
  • Low Value: 351,537

    Market Valuation

  • Market Total Value: $249,954
  • Market Land Value: $80,427
  • Market Improvement Value: $169,527

    Assessments Valuation

  • Assessed Year: 2023
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:

$527,450

Sale Price/ft²

$227

Below Asking

0.02%

Average Days on Market

70

Average Home Size

3064 ft²

Average Home Age

34.2 years

Currently For Sale

22 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: James C Whatley, Uber Realty Llc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 756027
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 8 Doral Drive built and last sold?
The property at 8 Doral Drive was built in 1978 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8 Doral Drive is $0.
What are some comparable homes to 8 Doral Drive?
There are currently no comparable homes to 8 Doral Drive.
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