$960,000
Shalimar, FL 32579
MLS# 972181
Status: Sold
3 beds | 2 baths | 3713 sqft
1 / 56
Property Description
Welcome to 55 Lakeshore Dr., your DREAM PROPERTY!! This is a rare opportunity to own an extraordinary waterfront estate in the prestigious Lake Lorraine Gardens—a home with incredible potential for those ready to bring it back to life. Perfectly positioned on 140 feet of pristine waterfront, this high and dry home offers breathtaking panoramic water views from every bedroom—a truly unique feature. From the expansive living areas you can see beautiful Lake Lorraine that feeds into the Choctawhatchee Bay. This spacious home boasts private waterfront access, serene surroundings, and unlimited potential. This estate is perfect for those seeking a peaceful retreat or an entertainer's paradise. You will immediately be impressed by the large, open spaces in this prestigious home, along with
Details
Status Change Info
Sold Price/SqFt: 258.55
Status: Sold
Under Contract Date: 2025-06-23
Sold Date: 2025-10-03
Sold Price: $960,000
Contract Info
Listing Board: Emerald Coast
List Price/SqFt: 309.72
List Date: 2025-03-26
Current Price: $960,000
List Price: $1,150,000
Location, Tax and Legal
Sub Area: 1210 - Shalimar
Elementary School: Shalimar
Middle School: Meigs
High School: Choctawhatchee
Legal Description: LAKE LORRAINE GARDENS LOT 19
General Property Info
Sub-Type: Detached Single Family
Design: Other
SqFt Source: Appraiser
Immediate Occupancy: Yes
Garage: Yes
Carport: No
Carport Spaces: 0
Covered Spaces: 0
Driveway Spaces: 4
Street Spaces: 0
Pool: No
Pool Type: None
Apx SqFt(Htd/Cooled): 3713
Bedrooms: 3
Full Baths: 2
Total Bathrooms: 2
# Stories: 1
Year Built: 1989
Garage Spaces: 3
Acreage: 0.45
Listing Info, Tax & Legal
Who Paid Doc Stamps: Seller
Who Paid Title: Buyer
Homestead: No
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Last Taxes: 8408.82
Last Tax Year: 2023
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: Welcome to 55 Lakeshore Dr., your DREAM PROPERTY!! This is a rare opportunity to own an extraordinary waterfront estate in the prestigious Lake Lorraine Gardens—a home with incredible potential for those ready to bring it back to life. Perfectly positioned on 140 feet of pristine waterfront, this high and dry home offers breathtaking panoramic water views from every bedroom—a truly unique feature. From the expansive living areas you can see beautiful Lake Lorraine that feeds into the Choctawhatchee Bay.
This spacious home boasts private waterfront access, serene surroundings, and unlimited potential. This estate is perfect for those seeking a peaceful retreat or an entertainer's paradise. You will immediately be impressed by the large, open spaces in this prestigious home, along with
Waterfront
Lake: 1
Waterfront Feet: 140
Construction Status
Construction Complete: 1
Parking Features
Oversized: 1
Waterview
Bay: 1
Lot/Parcel Access
City Road: 1
Lot Features
Bulkhead/Seawall: 1
Project Facilities
Dock: 1
Construction/Siding
Block: 1
Roof Tile/Slate: 1
Stucco: 1
Utilities
Electric: 1
Public Sewer: 1
Public Water: 1
Zoning
Resid Multi-Family: 1
Exterior
Dock: 1
Porch Screened: 1
Sprinkler System: 1
Interior
Breakfast Bar: 1
Built-In Bookcases: 1
Ceiling Raised: 1
Ceiling Vaulted: 1
Fireplace: 1
Fireplace Gas: 1
Floor Tile: 1
Kitchen Island: 1
Lighting Recessed: 1
Owner's Closet: 1
Skylight(s): 1
Wallpaper: 1
Washer/Dryer Hookup: 1
Appliances
Dishwasher: 1
Refrigerator: 1
Stove/Oven Electric: 1
Energy
AC - Central Elect: 1
Heat Cntrl Electric: 1
Water Heater - Elect: 1
Mstr Bdrm/Mstr Bath
MBath Bidet: 1
MBath Garden Tub: 1
MBath Separate Shwr: 1
MBed Walk-in Closet: 1
Master Bedroom
First: 1
Bedroom
First: 1
Kitchen
First: 1
Living Room
First: 1
Rooms
Bedroom: 1
Dining Room: 1
Garage: 1
Great Room: 1
Kitchen: 1
Living Room: 1
Master Bedroom: 1
Utility Room: 1
Location Tax and Legal
Area: 12 - Fort Walton Beach
Street #: 55
Street Name: Lakeshore
Street Suffix: Drive
State: FL
Zip Code: 32579
County: Okaloosa
Project Name/Subdivision: LAKE LORRAINE GARDENS
Parcel ID: 04-2S-23-1437-0000-0190
Property Features
Construction Status: Construction Complete
Lot Features: Bulkhead/Seawall
Zoning: Resid Multi-Family
Waterfront: Lake
Waterview: Bay
Parking Features: Oversized
Project Facilities: Dock
Exterior: Dock; Porch Screened; Sprinkler System
Interior: Breakfast Bar; Built-In Bookcases; Ceiling Raised; Ceiling Vaulted; Fireplace; Fireplace Gas; Floor Tile; Kitchen Island; Lighting Recessed; Owner's Closet; Skylight(s); Wallpaper; Washer/Dryer Hookup
Appliances: Dishwasher; Refrigerator; Stove/Oven Electric
Utilities: Electric; Public Sewer; Public Water
Energy: AC - Central Elect; Heat Cntrl Electric; Water Heater - Elect
Master Bedroom: First
Bedroom: First
Kitchen: First
Living Room: First
Rooms: Bedroom; Dining Room; Garage; Great Room; Kitchen; Living Room; Master Bedroom; Utility Room
Supplements
the almost impossible to find HUGE waterfront lot! With 3 large bedrooms including a huge Master bedroom, a full sized Formal Dining Room, an Office, a Family Gathering Room, an amazing Great Room, a screened in "Florida" room, you won't run out of space to enjoy! Nestled in one of the area's most sought-after neighborhoods, this property is a diamond in the rough, ready for the right owner to restore its full potential. You won't want to miss out on this once-in-a-lifetime opportunity!
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions |
| Great Room | First | 25 x 23 | 25.00 | 23.00 | 25 x 23 |
| Kitchen | First | 19 x 14 | 19.00 | 14.00 | 19 x 14 |
| Living Room | First | 16 x 16 | 16.00 | 16.00 | 16 x 16 |
| Master Bedroom | First | 20 x 18 | 20.00 | 18.00 | 20 x 18 |
| Garage | First | 30 x 24 | 30.00 | 24.00 | 30 x 24 |
| Dining Room | First | 17 x 14 | 17.00 | 14.00 | 17 x 14 |
| Bedroom | First | 14 x 13 | 14.00 | 13.00 | 14 x 13 |
| Bedroom | First | 16 x 15 | 16.00 | 15.00 | 16 x 15 |
| Utility Room | First | 11 x 8 | 11.00 | 8.00 | 11 x 8 |
Listing Office: 316 Realty Group LLC
Last Updated: October - 06 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
