$561,452Average Value$233Average Price per Sq Ft10Homes For Sale
Golfing and laid-back living in Lake Lorraine Estates
From April through October, vacationers from across the U.S. flock to the Florida panhandle for fun in the sun, but homeowners in Lake Lorraine Estates get to experience laid-back living all year round. Situated around Shalimar Pointe Golf Course and only 4 miles from Eglin Air Force Base, the neighborhood has long been a favorite of Okaloosa County's military community. “It’s so close to the base that you can hear the 5 a.m. whistle and 'Taps' in the evening,” says Bruce McAdoo, a real estate agent with ERA American Real Estate and a former resident of the neighborhood. “Lake Lorraine Estates has been one of the footholds for many retired and active-duty military families, and golfers. There’s a longevity of families there, and it’s not unusual to see people living there generationally.”
Lake Lorraine Estates
Lake Lorraine Estates
Lake Lorraine Estates
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Customer homes and waterfront estates
The neighborhood’s serene streets are lined with mature oaks and flowering pink and white crape myrtles. Most of the community’s custom-built homes were built in the 1970s and ’80s with brick siding, lush lawns and two-car garages, some bordering the golf course or sitting along Choctawhatchee Bay. “It’s one of Shalimar’s premier neighborhoods. Everyone’s very friendly, and you know most of the neighbors in the area,” says Mark Gauthier, a resident of 13 years and a real estate agent at ERA American Real Estate. “People love the lot sizes. The houses are not right on top of each other. The lot sizes are larger than what you would typically get in central Fort Walton.” Prices start as low as $350,000 for a three-bedroom home, but Gauthier says such a home might need $150,000 in renovations to compare to other homes in the neighborhood. A move-in ready residence, meanwhile, can range from $500,000 to $650,000. Homes on the fairway can range from $550,000 to $700,000, while waterfront properties typically fetch anywhere from $1 million to $2 million.
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Hit the links at Shalimar Pointe Golf Club
The neighborhood is anchored by Shalimar Pointe Golf Club, a community institution since 1968. The 18-hole course underwent a $1.7 million renovation project including re-grassing the entire course and a new irrigation system. The course re-opened in June 2023 after closing for more than a year. The neighborhood hugs Choctawhatchee Bay, which spans 129 square miles. “The bay is more designed for boating and skiing. You always see dolphins in the bay,” Gauthier says. “There’s a little sandbar called Crab Island closer to the Destin bridge. Locals and tourists all hang out there, especially in (the summer). It’s just full of people having fun.” The neighborhood's proximity to the bay means residents can enjoy firework displays over the water put on by the cities of Destin and Fort Walton Beach during holidays like the Fourth of July. Lake Lorraine Estates is also roughly 16 miles from the sugar-soft white sand beaches of the Emerald Coast.
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Lake Lorraine Estates
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Highly rated schools in the Okaloosa County School District
Kids can attend Shalimar Elementary School before heading to Clifford Meigs Middle School, both of which receive a B-plus from Niche. Choctawhatchee High School receives an A-minus and is the only school in the Okaloosa County School District that offers the International Baccalaureate program, a rigorous college prep program. According to its website, the high school gets its name from the Creek Indian word for “coming together” and many of the school’s rich traditions are inspired by the area’s Native American roots. For example, at the beginning of every home football game, a student dressed as the school’s mascot rides a horse across the turf and throws a spear midfield.
Classic Greek eats at Aegean Restaurant
Restaurants and services are located along Eglin Parkway, which is about 2 miles west of the neighborhood. Groceries are available at Publix in Ocean City about 3 miles away. “This area is mostly military, and so we do have a lot of international grocery stores, like locally owned Korean, Vietnamese and Mexican grocery stores,” Gauthier adds. Retail shopping is nearby at Target and Big Lots. Residents can start their day with a quick stop at Deb’s Coffee Drive-Thru in nearby Shalimar for espresso drinks and signature lattes named after customer creations. While there are numerous fast food and fast casual chains in the area, there are some locally owned eateries and regional franchises. Aegean is known for its authentic Greek food like souvlaki and moussaka. Twisted Grape Wine Bar and Café is a laid-back spot for charcuterie boards, small plates and sandwiches. Boaters can also cruise to several waterfront restaurants along Choctawhatchee Bay. “Once or twice a year, some boating clubs get together and hold a poker run where all these boaters will get together and they’ll travel from restaurant to restaurant to get poker cards,” Gauthier says. “And at the end of the run, they see who has the best hand.”
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Only 4 miles from Eglin AFB
Country Club Road serves as the only road in and out of the neighborhood, adding a layer of safety to the neighborhood’s quiet residential streets. Lake Lorraine Estates is 4 miles away from Eglin Air Force Base and 7 miles from Destin-Fort Walton Beach Airport. The closest hospital is HCA Florida Fort Walton-Destin, which is less than 6 miles east of the community. Eglin Parkway is a major thoroughfare for the area that connects to Eglin AFB, Ocean City and Fort Walton Beach. The neighborhood is less than 13 miles from Destin and the soft white sands of the Emerald Coast.
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Environmental factors
Environmental factors such as hurricanes, tropical storms and flooding are a risk for the area. In older neighborhoods like Lake Lorraine Estates, homeowners might find that insurance companies charge more for insurance. “Insurance companies like newer homes because new homes have to be up to Florida’s building code,” McAdoo says.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Paul Domenech,
an experienced agent in this neighborhood.
Transit
Airport
Eglin AFB/Destin-Ft Walton Beach
30 min drive
Crime and Safety
1 - Low Crime, 10 - High Crime
Lake Lorraine Estates
US
Homicide
1
4
Sexual Assault
2
4
Assault with Weapon
2
4
Robbery
1
4
Burglary
2
4
Motor Vehicle Theft
1
4
Larceny
2
4
Crime Score
2
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Lake Lorraine Estates, Eglin Afb sell after 50 days on the market compared to the national average of 48 days. The average sale price for homes in Lake Lorraine Estates, Eglin Afb over the last 12 months is $578,714, up 8% from the average home sale price over the previous 12 months.
Get ready to call this spacious, golf course home with a covered pool yours - just in time for summer. This brick home with a metal roof is situated on .4 acre lot. Lake Lorraine Estates is nestled away from the hustle and bustle for ample time to relax or entertain. Just minutes from the beaches and military bases. From the moment you walk in, you will feel the warmth of a home that has been
This beautiful 4/2 is situated in the charming Lake Lorraine neighborhood. This traditional home has plenty of room for large family gatherings since the sunroom was opened up adding an additional 336 sf. The property backs up to the 17th hole on the Shalimar Pointe golf course, so if you're an avid golfer, this home is for you! New roof/ soffits/ gutters and gutter guards in 2023, HVAC 2022,
Welcome to this well-maintained home on the 7th hole of Shalimar Pointe Golf Course in Lake Lorraine Estates! Charming half-circle driveway. Abundant natural light throughout. Spacious living room with cathedral ceilings and stone fireplace. Lovely eat-in kitchen, plus dining room. First-floor master ensuite with dual vanities and double closets. Upstairs loft with balcony access, three
Interested in learning more about homes in this area?
Reach out to
Paul Domenech,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
1,297
Median Age
52
Population Density
4 ppl/acre
Population under 18
19.8%
On par with the national average
23.8%
Population over 65
31.4%
Above the national average
19.1%
Finances
Median Household Income
$136,737
Significantly above the national average
$71,702
Average Household Income
$149,524
Education and Workforce
High School Graduates
99.4%
College Graduates
70.3%
Significantly above the national average
34.1%
Advanced Degrees
37.3%
Above the national average
13.3%
% Population in Labor Force
63.1%
Weather
Annual Precipitation
74''
Average Winter Low Temperature
39°F
Average Summer High Temperature
90°F
Annual Snowfall
0''
Area Factors
Somewhat Bikeable
Bike Score®
28/ 100
Car-Dependent
Walk Score®
0/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
