Why Live in Lake Lorraine
Lake Lorraine is known for the Eglin Air Force Base and the Shalimar Pointe Golf Club. In 1935, the base was built on over 350,000 acres of Valparaiso forestland and brought around 15,000 jobs to the area. But it wasn’t until the golf course opened in 1968 that the neighborhood started taking shape along the bay area. Today, the Emerald Coast welcomes millions of visitors every year for swimming and seaside experiences while over 7,000 residents enjoy the best of bay life in Florida. “There will be thousands of boats out there, and it’ll be absolutely packed,” ERA American Real Estate agent Patricia Williams says. “This is paradise.” The Shalimar Pointe Golf Club has a 6,765-yard championship course that regularly hosts qualifiers for the U.S. Open. “There’s golfing, there’s tennis, and there’s waterfront activities,” Williams says. “It’s nice to have a community close to the bay.” There are boat ramps, marinas and fishing charters along the southern coastline, and many will sail over 8 miles southeast to go snorkeling, zip-lining or watch dolphin shows at Crab Island in Destin. Cherokee Park has a playground and walking trails, while Shalimar Community Park has a basketball court
Home Trends in Lake Lorraine, FL
On average, homes in Lake Lorraine, FL sell after 49 days on the market compared to the national average of 51 days. The median sale price for homes in Lake Lorraine, FL over the last 12 months is $409,499, up 15% from the median home sale price over the previous 12 months.
Median Sale Price
$409,499
Median Single Family Sale Price
$455,000
Median Townhouse Sale Price
$145,000
Median 2 Bedroom Sale Price
$184,950
Median 1 Bedroom Sale Price
$230,000
Average Price Per Sq Ft
$225
Number of Homes for Sale
23
Last 12 months Home Sales
74
Median List Price
$419,999
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
15%