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Lake Lorraine 32579 Shalimar Pointe
925 Shalimar Pointe Drive
$225,000
● House - Off Market

925 Shalimar Pointe Drive

Shalimar, FL 32579
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,005 Ft²
$479,911
RealtyHop Estimate
92.74%
Since Mar 1, 2014
National-US
Primary Model

About This Property

Golf course villa located in Shalimar Pointe. Bright and open floor plan. Property boasts large kitchen with breakfast room built-ins, fireplace, sun room, built-in bookcases in living area. Spacious master bedroom with large closet space. Buyer to verify all room measurements, square footage, lot dimensions and HOA info.
Unit Size
2,005 Ft²
Days on Market
-
Land Size
-
Price per sqft
$124
Property Type
House
Property Taxes
-
HOA Dues
$90
Year Built
1995

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #609567)

Price History

Date / Event Date Event Price
Mar 21, 2022 Sold
Premium
Sold
Feb 16, 2022 No longer available -
No longer available
Feb 14, 2022 Listed by RE/MAX Coastal Properties $397,500
Listed by RE/MAX Coastal Properties
Feb 24, 2014 Sold
Premium
Sold
Dec 7, 2013 Listed by RE/MAX Coastal Properties $249,000
Listed by RE/MAX Coastal Properties

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • 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: 448
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,213
  • Total Building Area: 2,725
  • Gross Building Area: 2,725
  • Building Area: 2,005
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,005
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHALIMAR POINT
  • Land Acres: 0000000166
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SHALIMAR POINTE PH I LOT 22

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-0000-0220
  • Lot: 22
  • Meridian: SEC 04 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4424
  • Longitude: -86.5514

    Address

  • Full Address: 925 Shalimar Point Dr
  • Address - House Number: 925
  • Address - Street Name: Shalimar Point
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C004
  • 4-Digit Zip Code: 1653
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 2,431
  • Tax Year: 2023
  • Tax Amount: $459,917
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.2695
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 61
  • Final Value: 446,330
  • High Value: 566,644
  • Low Value: 326,017

    Market Valuation

  • Market Total Value: $371,494
  • Market Land Value: $96,288
  • Market Improvement Value: $275,206

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $371,494
  • Assessed Land Value: $96,288
  • Assessed Improvements Value: $275,206

    Sales

  • Current Sale Contract Date: Mar 15, 2022
  • Current Sale Recording Date: Mar 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3535761
  • Previous Sale Recording Date: Feb 24, 2014
  • Previous Sale Contract Date: Feb 21, 2014
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: 71
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

67

Average Home Size

3051 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: Ed & Terri Smith, RE/MAX Coastal Properties
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 609567
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 925 Shalimar Pointe Drive built and last sold?
The property at 925 Shalimar Pointe Drive was built in 1995 and last sold on Mar 15, 2022 for $414,000.
How much is this home worth?
The estimated value of the home located at 925 Shalimar Pointe Drive is $0.
What are some comparable homes to 925 Shalimar Pointe Drive?
There are currently no comparable homes to 925 Shalimar Pointe Drive.
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