NOT LISTED FOR SALE

818 Choctaw Ln Shalimar, FL 32579

Estimated Value: $994,000 - $1,480,000

0.51 Acre
$2,622,380 Price per Acre
22,216 Sq Ft Lot

Last Sold October 30, 2015

Last sale price $239,000

Est. 460% increase in value since last sale

Current estimated payment $8,002/month

105 Days on Market

Highlights

  • Lake Front
  • Golf Course Community
  • Gated Community
  • Choctawhatchee Senior High School Rated A-
  • Bay View
  • 0.51 Acre Lot

About This Lot

As of October 2015

Motivated Seller! One of very few remaining available lots in the gated community of Shalimar Pointe. This waterfront lot represents an incredible opportunity to own and build your home on over 1/2 acre lot with permitted dock already in place. Protected waterfront with bay access within 300 yards- best of both worlds!
Don't let the days on market fool you. It has been overlooked prior out of fear of the unknown- fear no more! Seller now has available for buyer inspection a geo-technical survey and new boundary survey. These two documents in the hands of a builder will allow one to not only see the ease of construction but the possibilities of capitalizing on its sloping grade. Ideal build could have a side entry garage below on the walk-out level and circle drive in the front. Built on this sloping lot a home could have an amazing rear patio on the main level providing incredible water views and unforgettable sunsets! Should there be an upper level it would have the same incredible rear view and front views towards Destin across the bay- enjoy amazing sunrises!

The lot also already has the sewer tap fee paid and a dock- saving thousands and countless hours of work for the new owner.

Call your agent, call your builder- don't let this one slip you by.

Last Agent to Sell the Property

Brian Marshall

My Ardor Realty LLC License #3320309 Listed on: 05/18/2015

Last Buyer's Agent

Heather Blatz

Keller Williams Realty FWB License #3296117

Keller Williams Realty FWB

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,896

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 165x229x100x202
  • Lake Front
  • Home fronts a seawall
  • Property fronts a bayou
  • Property fronts a private road
  • Property fronts a county road
  • Street terminates at a dead end
  • Cleared Lot

HOA Fees

  • $30 Monthly HOA Fees

Property Views

  • Bay
  • Lake
  • Bayou

Location

  • Flood Insurance May Be Required

Schools

  • Shalimar Elementary School
  • Meigs Middle School
  • Choctawhatchee High School

Utilities

  • Gas Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04-2S-23-225B-0000-0200

Community Details

Overview

  • Association fees include management, recreational faclty
  • Shalimar Pointe S/D Subdivision
  • The community has rules related to covenants

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Bulkhead

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$2,896

Lot Details

0

HOA Fees

$30 per month

Listing Details

  • Property Sub Type: Vacant Land
  • Prop. Type: Land
  • Lot Size Acres: 0.51
  • Lot Size: 165x229x100x202
  • Road Frontage Type: County Road, Private Road
  • Road Surface Type: Paved Road
  • Subdivision Name: SHALIMAR POINTE S/D
  • Directions: Take Eglin Pkwy over Shalimar bridge into Shalimar. Turn right on Old Ferry Rd. at the stop light. Turn left on 3rd Ave. Turn left at the stop sign and follow signs to Shalimar Pointe.
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Utilities:Gas Available: Yes
  • Waterview:Bay2: Yes
  • Waterview:Lake2: Yes
  • Waterfront:Lake: Yes
  • Waterfront:Bayou: Yes
  • Waterview:Bayou2: Yes
  • Special Features: None

Exterior Features

  • Lot Features: Bulkhead/Seawall, Cleared, Covenants, Dead End, Flood Insurance Req, Survey Available, Within 1/2 Mile to Water
  • View: Lake, Bayou, Bay
  • Waterfront Features: Bayou, Lake, Shore - Natural
  • Waterfront: Yes
  • Lot Features:Within 12 Mile to Water: Yes
  • Lot Features:Survey Available: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:BulkheadSeawall: Yes
  • Lot Features:Cleared: Yes
  • Lot Features:Flood Insurance Req: Yes
  • Lot Features:Dead End: Yes

Utilities

  • Utilities: Electric, Phone, Public Sewer, Public Water, TV Cable, Gas Available
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Golf, Pool, Tennis, Waterfront
  • Association #2 Fee: 90.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Management, Recreational Faclty

Schools

  • Elementary School: Shalimar
  • High School: Choctawhatchee
  • Middle Or Junior School: Meigs

Lot Info

  • Lot Size Sq Ft: 22215.6
  • Parcel #: 04-2S-23-225B-0000-0200
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2896.39
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2021
Sold by
Yuhico Luke Simon Olivera and Yuhico Riza Ina
Bought by
Yuhico Luke Simon Olivera
Current Estimated Value
$1,337,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,500
Outstanding Balance
$539,657
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$797,757

Purchase Details

Closed on
Jul 28, 2016
Sold by
Yuhico Luke
Bought by
Yuhico Luke and Yuhico Riza J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$897,750
Interest Rate
4.25%
Mortgage Type
Construction

Purchase Details

Listed on
May 18, 2015
Closed on
Oct 30, 2015
Sold by
Deason R Heath and Deason Kristen J
Bought by
Yuhico Luke
Seller's Agent
Brian Marshall
My Ardor Realty LLC
Buyer's Agent
Heather Blatz
Keller Williams Realty FWB
List Price
$239,000
Sold Price
$239,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.10%
Original Mortgage
$179,925
Interest Rate
3.93%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 28, 2003
Sold by
Brown Robert L and Brown Rhonda L
Bought by
Deason R Heath and Deason Kristen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yuhico Luke Simon Olivera -- Old South Land Title
Yuhico Luke $87,481 Old South Land Title
Yuhico Luke $239,900 Old South Land Title
Deason R Heath $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yuhico Luke Simon Olivera $715,500
Closed Yuhico Luke Simon Olivera $875,000
Closed Yuhico Luke $897,750
Previous Owner Yuhico Luke $179,925
Previous Owner Deason R Heath $200,000
Previous Owner Deason R Heath $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2021 11/25/21 Off Market $239,000 -- --
10/30/2015 10/30/15 Sold $239,000 0.0% --
08/31/2015 08/31/15 Pending -- -- --
05/18/2015 05/18/15 For Sale $239,000 -- --
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $8,383 $737,520 -- --
2023 $8,383 $716,039 $0 $0
2022 $7,638 $650,620 $0 $0
2021 $7,624 $631,670 $0 $0
2020 $7,568 $622,949 $0 $0
2019 $7,488 $608,943 $0 $0
2018 $7,428 $597,589 $0 $0
2017 $3,076 $230,703 $0 $0
2016 $2,943 $222,064 $0 $0
2015 $3,548 $263,849 $0 $0
2014 $3,555 $264,084 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 729953

Emerald Coast Association of REALTORS®

APN: 04-2S-23-225B-0000-0200