59
Map
$590,000
●
House -
For Sale
83 Lake Lorraine Circle
Shalimar, FL 32579
3 Beds
2 Baths,
1
Half Bath
2,759 Ft²
$3,430
Est. Monthly
About This Property
Located in Lake Lorraine Estates, this 2,759-square-foot
single-story home sits on nearly half an acre along the Shalimar
Pointe golf course. Built in 1989, the home offers vaulted and tray
ceilings, crown molding, a gas fireplace, and an open layout
designed for comfortable everyday living and entertaining. The
kitchen connects easily to the main living spaces, while the
spacious primary suite offers room to relax. A circular brick
driveway and golf cart garage add to the home's functionality and
appeal. The covered porch overlooks the course, with the 11th green
on one side and the 12th tee box on the other, and includes a
summer kitchen and half bath for easy outdoor living. Conveniently
located near Eglin AFB, Hurlburt Field, shopping, dining, and the
beaches of Destin, this property offers a combination of space,
character, and golf course setting that is hard to duplicate
Built with established charm and thoughtfully maintained, it presents a rare opportunity in one of Shalimar's well-known golf course communities. Buyer to verify all measurements and any information important to purchase.
Built with established charm and thoughtfully maintained, it presents a rare opportunity in one of Shalimar's well-known golf course communities. Buyer to verify all measurements and any information important to purchase.
Unit Size
2,759 Ft²
Days on Market
145 days
Land Size
0.41 acres
Price per sqft
$214
Property Type
House
Property Taxes
$533
HOA Dues
-
Year Built
1989
Listed By
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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: 5 months ago (ECAR #998427)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 13, 2026 | Relisted | $590,000 | |
| Relisted | |||
| May 3, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Listed by Uber Realty Llc | $590,000 | |
| Listed by Uber Realty Llc | |||
| Mar 15, 2024 | No longer available | - | |
| No longer available | |||
| Mar 1, 2024 | Listed by world Impact real estate | $549,000 | |
| Listed by world Impact real estate | |||
| | |||
|
Exceptional home located in the highly sought-after neighborhood of Country Club in Shalimar! 83 Lake Lorraine boasts over 2,700 square feet, vaulted ceilings, tray ceilings, an open floor plan, stainless steel appliances and high grade finish outs. The exterior of this home offers a covered porch overlooking the 12th tee box and 11th green equipped with a summer kitchen and a half bath, a brick circular driveway, a two-car garage with an additional golf cart garage. The home is situated on a large lot and within close proximity to surrounding area dining, attractions, schools, and Eglin Air Force Base while only a quick drive to Destin and Hurlburt Field. Call today to make 83 Lake Lorraine your home today!! The manager has listed the unit size as 2759 square feet.
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Oversized, Golf Cart Enclosed
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Kitchen Island, Ceiling Crwn Molding, Ceiling Tray/Cofferd, Ceiling Vaulted, Lighting Recessed, Washer/Dryer Hookup, Woodwork Painted
Appliances: Dishwasher, Microwave, Refrigerator W/IceMk, Smooth Stovetop Rnge, Water Heater - Elect
Flooring Type: Floor Tile, Floor WW Carpet
Rooms: 10
Has Fireplace
Fireplace Features: Fireplace Gas
Exterior Details
Square Footage: 2759
Property Condition: Construction Complete
Architectural Style: Contemporary
Year Built: 1989
Building Area Total: 2759
Construction Materials: Stucco
Patio and Porch Features: Patio Covered
Lot Features: Golf Course, Interior, Irregular, Within 1/2 Mile to Water
Lot Size Area: 0.41
Lot Size Units: Acres
Lot Size Acres: 0.41
Lot Size Square Feet: 17859.6
Lot Size Dimensions: 122x165
Financial Details
Tax Annual Amount: $6,393
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Shalimar Pointe
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Listed by: James C Whatley, Uber Realty Llc
Last Updated: 5 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 998427
Last Updated: 5 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 998427
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