Why Live in Lake Lorraine Estates
Lake Lorraine Estates in Eglin Afb, Florida, is a serene neighborhood known for its close-knit community and military ties, situated around Shalimar Pointe Golf Course and just 4 miles from Eglin Air Force Base. The neighborhood features custom-built homes from the 1970s and ’80s, many with brick siding, lush lawns, and two-car garages. Some homes border the golf course or Choctawhatchee Bay, offering scenic views. The area is lined with mature oaks and flowering crape myrtles, creating a picturesque setting. Shalimar Pointe Golf Club, a local institution since 1968, recently underwent a significant renovation, enhancing its appeal. The neighborhood's proximity to Choctawhatchee Bay allows residents to enjoy boating, skiing, and frequent dolphin sightings. Lake Lorraine Estates is also about 16 miles from the white sand beaches of the Emerald Coast.
Families in the neighborhood have access to highly rated schools, including Shalimar Elementary School, Clifford Meigs Middle School, and Choctawhatchee High School, which offers the International Baccalaureate program. Essential services and dining options are conveniently located along Eglin Parkway, about 2 miles away, with grocery stores like Publix 3 miles away in Ocean City. Local dining highlights include Aegean for Greek cuisine and Twisted Grape Wine Bar and Café for charcuterie and small plates. The neighborhood's single entry and exit point on Country Club Road adds to its quiet, residential feel. Safety is a notable feature, with crime rates lower than the national average. Lake Lorraine Estates is also conveniently located 7 miles from Destin-Fort Walton Beach Airport and less than 13 miles from Destin.
Frequently Asked Questions
Is Lake Lorraine Estates a good place to live?
Lake Lorraine Estates is a good place to live. Lake Lorraine Estates is considered very car-dependent and somewhat bikeable. It is fairly sparse in population with 3.1 people per acre and a median age of 52. The average household income is $149,524 which is above the national average. College graduates make up 70.3% of residents. A majority of residents in Lake Lorraine Estates are home owners, with 10.2% of residents renting and 89.8% of residents owning their home. A
local real estate agent serving Lake Lorraine Estates can help you decide if this neighborhood is the right one for you. Learn more on our
Lake Lorraine Estates neighborhood guide.
How much do you need to make to afford a house in Lake Lorraine Estates?
The median home price in Lake Lorraine Estates is $428,792. If you put a 20% down payment of $85,800 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,220 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $95K a year to afford the median home price in Lake Lorraine Estates. The average household income in Lake Lorraine Estates is $150K.
What are the best public schools in Lake Lorraine Estates?
The best public schools that serve Lake Lorraine Estates are:
What are the most popular zip codes in Lake Lorraine Estates, Eglin Afb, FL?
What are the most popular neighborhoods near Lake Lorraine Estates, Eglin Afb, FL?
Home Trends in Lake Lorraine Estates, FL
On average, homes in Lake Lorraine Estates, Eglin Afb sell after 28 days on the market compared to the national average of 70 days. The median sale price for homes in Lake Lorraine Estates, Eglin Afb over the last 12 months is $367,980, down 13% from the median home sale price over the previous 12 months.
Median Sale Price
$367,980
Median Single Family Sale Price
$367,980
Median Townhouse Sale Price
$1,250,000
Average Price Per Sq Ft
$220
Number of Homes for Sale
4
Last 12 months Home Sales
17
Median List Price
$428,792
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-13%