LAKE LORRAINE ESTATES 1
Homes for Sale in Shalimar, FL
True comps, carrying-cost math, and listings before the portals.
Photo via emeraldcoast
Price here is driven by condition and lot, not by a uniform product. With a median build year of 1974 and homes dating back as far as 1946 and as recent as 2024, this is a wide-vintage pocket where two houses at the same address size can sell for very different numbers depending on what has been updated. The median sits at $400,000, and a generous median of 2,770 living square feet tells you a lot of that money buys space, not new construction.
The market posture is thin and quiet. Only 2 active listings and a 3-closing window mean single transactions move the stats hard, which is part of why the year-over-year median reads down 38.5% — a shift that reflects mix and low volume as much as any broad price move. Homes that are priced right are moving, with a median 26 days on market. For sellers, that means realistic pricing gets rewarded; for buyers, it means when the right house appears, you cannot dawdle.
LAKE LORRAINE ESTATES 1 right now
🔴 Off the recent peak. The trailing-12-month median ($400K) is down 38.5% from the prior 12 months ($650K). With about 3 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level emeraldcoast closed sales, 12-month windows ending July 25. Confidence: Low (3 and 3 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 25, 2026 · Live data: emeraldcoast, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
LAKE LORRAINE ESTATES 1 market snapshot (as of July 25, 2026): the median sale price is about $400K, and a median 26 days on market for closed sales. The trailing-12-month median is down 38% from the prior 12 months, computed from record-level emeraldcoast closed sales (3 closings in the current window).
LAKE LORRAINE ESTATES 1 is a community of 352 homes in Shalimar, Okaloosa County, built between 1946 and 2024 (median 1974.0), with a median living area of about 2,770 square feet. 77% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Lake Lorraine Estates 1 is an established, larger-lot pocket in Shalimar with 352 homes and a high owner-occupant share, so inventory turns over slowly and each listing carries outsized weight.
Who LAKE LORRAINE ESTATES 1 is best for.
Best for
- Buyers targeting the mid-$400,000s who want more living space than newer product offers at that price
- Renovation-minded buyers willing to trade dated finishes for a larger footprint and lot
- Long-hold owner-occupants comfortable with a slow-turnover, established pocket
Probably not for
- Buyers who require new construction and uniform, move-in-ready finishes
- Anyone needing on-site amenities like a pool, clubhouse, or gated entry
- Buyers who need broad selection and can't wait for the right listing in a thin market
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 25 of each year, from record-level emeraldcoast closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($400K) IS the median in the snapshot above, and the move from 2025 ($650K) IS the -38.5% one-year change.
Windows contain 0 to 5 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Okaloosa County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Okaloosa County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
37% of homes for sale in ZIP 32579 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-08-14).
LAKE LORRAINE ESTATES 1 Market Scorecard
LAKE LORRAINE ESTATES 1 is currently a balanced market., a median asking price of $492,500, and homes go under contract in about 113 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: emeraldcoast, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in LAKE LORRAINE ESTATES 1, Shalimar
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
Homes For Sale Right Now in LAKE LORRAINE ESTATES 1
Live MLS inventory for LAKE LORRAINE ESTATES 1. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending LAKE LORRAINE ESTATES 1 listings as of 2026-07-25, priced high to low. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Schools
- Okaloosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Shalimar · Elementary
- Meigs · Middle
- Choctawhatchee · High
Zoned schools reflect the assignments reported on recent LAKE LORRAINE ESTATES 1 listings and can change; always confirm with Okaloosa County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any LAKE LORRAINE ESTATES 1 address.
The LAKE LORRAINE ESTATES 1 buying strategy.
If we were buying in LAKE LORRAINE ESTATES 1 today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in LAKE LORRAINE ESTATES 1.
A condition-driven market, not a spec one
With nearly eight decades separating the oldest and newest homes and a median build year of 1974, this is a renovate-or-move-in-ready story rather than a matched-set subdivision. The median 2,770 square feet is well above what many nearby newer communities deliver at the same median price point, but square footage in older stock comes with the usual homework: roofs, systems, and updates vary house to house, and that variance is exactly what sets one sale apart from the next.
A homestead share of 77.3% signals a stable, owner-held base, which tends to keep listings scarce and well-kept. The trade-off is that with only 2 active listings, choice is limited at any given moment. Buyers should be pre-positioned to act, and sellers benefit from the scarcity so long as they price to the condition of their specific home.
The location and the amenities are priced into every listing in LAKE LORRAINE ESTATES 1. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in LAKE LORRAINE ESTATES 1 buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (4.4). Basis: Recent Direction -38.5% year-over-year; Owner Commitment 77% owner-occupied; Pricing Power 93.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a low-volume pocket like this, the headline stats mislead — a single closing swings the median and the year-over-year figure. We read each listing against its actual condition, vintage, and lot rather than the neighborhood average, so you are pricing or offering on the house in front of you, not on a number distorted by a 3-sale window.
LAKE LORRAINE ESTATES 1 in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a LAKE LORRAINE ESTATES 1 buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed LAKE LORRAINE ESTATES 1 sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in LAKE LORRAINE ESTATES 1, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your LAKE LORRAINE ESTATES 1 home worth?
Get a no-obligation home value based on real comparable sales in LAKE LORRAINE ESTATES 1, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in LAKE LORRAINE ESTATES 1 on the map →
Recent Developments in Lake Lorraine Estates 1
Development, infrastructure, retail, and school activity affecting Lake Lorraine Estates 1, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- June 2026Civic
DeSantis signs state budget with funding for Okaloosa County projects
Governor DeSantis signed the state budget that included roughly $15 million for 20 Okaloosa County projects, among them $5 million for the Northwest Florida State College Workforce Innovation Center in Niceville, $1.5 million for Shalimar Bridge Park, and $3 million for Destin road and drainage work. About $7.26 million in other local requests were vetoed.
What it may mean for the marketDirects state funding toward workforce, park, road, and drainage infrastructure across Okaloosa County, supporting public facilities and capacity in Niceville, Shalimar, and Destin. The site is about 5 miles north of Lake Lorraine Estates 1.
Source: Get The Coast - May 2026Development
Okaloosa commissioners approve master plan for 392-lot River Park subdivision in Crestview
Okaloosa County commissioners unanimously approved the master plan for River Park, a 392 lot single family subdivision on 263 acres east of Main Drive and north of Airport Road in Crestview. The project by River Park Landing LLC will be built in three phases, with each phase requiring a separate development order approval.
What it may mean for the marketAdds substantial single family housing supply to the Crestview market and phases new residential construction onto a large tract in north Okaloosa County. The project is about 22 miles north of Lake Lorraine Estates 1, elsewhere in Okaloosa County.
Source: Get The Coast - May 2026Infrastructure
Okaloosa County opens $212M Southwest Crestview Bypass
Okaloosa County opened the $212 million Southwest Crestview Bypass, a 3.5 mile four lane corridor connecting Antioch Road to State Road 85 with access from U.S. Highway 90. The project includes a 1,713 foot bridge, sidewalks, a multi use path, and direct access to the new Pineview K-8 school opening in August 2026.
What it may mean for the marketAdds a major four lane traffic corridor serving southwest Crestview and expands regional road capacity for surrounding growth in north Okaloosa County. The project is about 19 miles north of Lake Lorraine Estates 1, elsewhere in Okaloosa County.
Source: Get The Coast
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
What is the median home price in LAKE LORRAINE ESTATES 1?
How long do homes in LAKE LORRAINE ESTATES 1 take to sell?
How many homes are in LAKE LORRAINE ESTATES 1?
What share of LAKE LORRAINE ESTATES 1 is owner-occupied?
When were the homes in LAKE LORRAINE ESTATES 1 built?
Do cash buyers compete in LAKE LORRAINE ESTATES 1?
Who is the best real estate agent for LAKE LORRAINE ESTATES 1?
How do I find a top Shalimar real estate agent who knows LAKE LORRAINE ESTATES 1?
Can Momentum Realty connect me with an agent for LAKE LORRAINE ESTATES 1?
Should you buy in LAKE LORRAINE ESTATES 1?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near LAKE LORRAINE ESTATES 1 with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | emeraldcoast, refreshed twice daily (last: July 25, 2026) |
| Community market stats | emeraldcoast closed sales, 12-month windows ending July 25, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (2 streets, ZIP 32547/32569/32579)) |
| Historical depth | Closed-sale records back to 1994 (62 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of emeraldcoast records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the emeraldcoast member average and 8 days faster, and we’ll price yours against live your area comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
More Shalimar & Destin, Okaloosa & Walton (Emerald Coast) guides
Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Destin, Okaloosa & Walton (Emerald Coast) or the full Neighborhood Finder.
See how LAKE LORRAINE ESTATES 1 fits the bigger picture — live prices, inventory, and Momentum Scores: