Seller's Agent in 2025
Amanda Fiegel
316 Realty Group LLC
(850) 499-7121
1 in this area
102 Total Sales
55 Lakeshore Dr Shalimar, FL 32579
3
Beds
2
Baths
3,713
Sq Ft
0.45
Acres
Highlights
- Lake Front
- Boat Dock
- 0.45 Acre Lot
- Choctawhatchee Senior High School Rated A-
- Bay View
- Vaulted Ceiling
About This Home
As of October 2025Welcome 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 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!
Last Agent to Sell the Property
316 Realty Group LLC License #3515292 Listed on: 06/27/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,409
Year Built
- Built in 1989
Lot Details
- 0.45 Acre Lot
- Lot Dimensions are 45x170x140x180
- Lake Front
- Home fronts a seawall
- Sprinkler System
- Property is zoned Resid Multi-Family
Parking
- 3 Car Garage
Home Design
- Wallpaper
- Slate Roof
- Stucco
Interior Spaces
- 3,713 Sq Ft Home
- 1-Story Property
- Built-in Bookshelves
- Vaulted Ceiling
- Skylights
- Recessed Lighting
- Gas Fireplace
- Great Room
- Living Room
- Dining Room
- Screened Porch
- Utility Room
- Exterior Washer Dryer Hookup
- Tile Flooring
- Bay Views
Kitchen
- Breakfast Bar
- Electric Oven or Range
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
- Separate Shower in Primary Bathroom
- Garden Bath
Outdoor Features
- Bulkhead
- Docks
Schools
- Shalimar Elementary School
- Meigs Middle School
- Choctawhatchee High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 04-2S-23-1437-0000-0190
Community Details
Overview
- Lake Lorraine Gardens Subdivision
Recreation
- Boat Dock
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 27, 2025
Closed on
Oct 2, 2025
Sold by
Mott Rachel and Armphy B Galloway Revocable Trust
Bought by
Drysdale Adam Christopher and Forlini Chloe E
Seller's Agent
Amanda Fiegel
316 Realty Group LLC
Buyer's Agent
Jonathan Clark
Rosemary Beach Realty LLC
List Price
$1,150,000
Sold Price
$960,000
Premium/Discount to List
-$190,000
-16.52%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,472
Avg. Annual Appreciation
28.99%
Original Mortgage
$825,423
Outstanding Balance
$825,423
Interest Rate
6.58%
Mortgage Type
VA
Estimated Equity
$195,049
Purchase Details
Closed on
Sep 29, 2016
Sold by
Galloway Armphy B and Galloway A
Bought by
Galloway Armphy B and Armphy B Galloway Revocable Trsut
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $960,000 | South Oak Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $825,423 | VA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/03/2025 10/03/25 | Sold | $960,000 | -16.5% | $259 / Sq Ft |
| 04/07/2025 04/07/25 | Pending | -- | -- | -- |
| 03/26/2025 03/26/25 | For Sale | $1,150,000 | -- | $310 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,656 | $1,194,819 | $669,164 | $525,655 |
| 2024 | $8,409 | $739,701 | -- | -- |
| 2023 | $8,409 | $718,156 | $0 | $0 |
| 2022 | $8,220 | $697,239 | $0 | $0 |
| 2021 | $8,206 | $676,931 | $0 | $0 |
| 2020 | $6,939 | $574,319 | $0 | $0 |
| 2019 | $6,864 | $561,407 | $293,050 | $268,357 |
| 2018 | $7,047 | $530,862 | $0 | $0 |
| 2017 | $6,977 | $523,258 | $0 | $0 |
| 2016 | $6,814 | $514,150 | $0 | $0 |
| 2015 | $6,637 | $493,552 | $0 | $0 |
| 2014 | $6,479 | $481,324 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Amanda Fiegel
-
Jonathan Clark
Buyer's Agent in 2025
Jonathan Clark
Rosemary Beach Realty LLC
(615) 594-4557
1 in this area
11 Total Sales
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 972181
APN: 04-2S-23-1437-0000-0190
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