Tracy McFarland
World Impact Real Estate
(615) 703-4887
101 Total Sales
5 in Shalimar
$275K - $610K Price Range
55 Lakeshore Dr Shalimar, FL 32579
Shalimar AreaEstimated Value: $1,075,190
3
Beds
2
Baths
3,713
Sq Ft
$290/Sq Ft
Est. Value
Highlights
- Lake Front
- Community Boat Dock
- Primary Bedroom Suite
- Choctawhatchee Senior High School Rated A-
- Bay View
- 0.45 Acre Lot
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
Last Buyer's Agent
Jonathan Clark
Paradise Properties
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,409
Year Built
- Built in 1989
Lot Details
- 19,602 Sq Ft 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
- Block Exterior
- 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
- Primary Bedroom Suite
- 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
- Community Boat Dock
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
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
Seller's Agent
Amanda Fiegel
316 Realty Group LLC
Buyer's Agent
Jonathan Clark
Paradise Properties
List Price
$1,150,000
Sold Price
$960,000
Premium/Discount to List
-$190,000
-16.52%
Views
8
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
$115,190
Avg. Annual Appreciation
12.53%
Original Mortgage
$825,423
Outstanding Balance
$817,892
Interest Rate
6.58%
Mortgage Type
VA
Estimated Equity
$257,298
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Shalimar, FL
-
Tracy McFarland
-
JOE NACCHIA
JOE NACCHIA
Berkshire Hathaway Home Services PenFed Realty
(850) 716-1434
131 Total Sales
2 in Shalimar
$176K - $230K Price Range
-
Cora Rasmussen
Cora Rasmussen
Realty ONE Group Emerald Coast
(253) 509-7754
148 Total Sales
4 in Shalimar
$278K - $1.3M Price Range
-
Deborah Morton
Deborah Morton
Responds QuicklyBay Living, Inc.
(786) 901-7183
317 Total Sales
6 in Shalimar
$260K - $402K Price Range
-
Jeremy Fretwell
Jeremy Fretwell
Keller Williams Realty FWB
(850) 904-4798
67 Total Sales
1 in Shalimar
$265,000 Price
-
Hillary Driscoll Olds
Hillary Driscoll Olds
Lokation
(850) 374-6717
56 Total Sales
1 in Shalimar
$540,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $960,000 | South Oak Title | ||
| Galloway Armphy B | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $825,423 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Seller's Agent in 2025
Amanda Fiegel
316 Realty Group LLC
(850) 499-7121
23 Total Sales
-
JC
Buyer's Agent in 2025
Jonathan Clark
Paradise Properties
-
-E
Buyer's Agent in 2025
- Ecn.rets.e8380
ecn.rets.RETS_OFFICE
Map
Source: Emerald Coast Association of REALTORS®
MLS Number: 972181
APN: 04-2S-23-1437-0000-0190
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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