Welcome 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!
Sold for $960,000
$960,000
55 Lakeshore Dr, Shalimar, FL 32579
3beds
3,713sqft
Single Family Residence
Built in 1989
0.45 Acres Lot
$964,600 Zestimate®
$259/sqft
$3,022 Estimated rent
Home value
$964,600
$878,000 - $1.06M
$3,022/mo
Zestimate® history
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$6,111/mo
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List your homeWhat's special
Waterfront estateHuge waterfront lotPrivate waterfront accessSerene surroundingsGreat roomFamily gathering roomBreathtaking panoramic water views
Zillow last checked:
Listing updated:
Listed by:
Amanda K Fiegel 850-499-7121,
316 Realty Group LLC
Bought with:
Jonathan Clark, 3213933
Rosemary Beach Realty LLC
Source: ECAOR,MLS#: 972181
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 360 Square Feet
- Dimensions: 20 x 18
Bedroom
- Level: First
- Area: 182 Square Feet
- Dimensions: 14 x 13
Bedroom
- Level: First
- Area: 240 Square Feet
- Dimensions: 16 x 15
Dining room
- Level: First
- Area: 238 Square Feet
- Dimensions: 17 x 14
Garage
- Level: First
- Area: 720 Square Feet
- Dimensions: 30 x 24
Great room
- Level: First
- Area: 575 Square Feet
- Dimensions: 25 x 23
Kitchen
- Level: First
- Area: 266 Square Feet
- Dimensions: 19 x 14
Living room
- Level: First
- Area: 256 Square Feet
- Dimensions: 16 x 16
Utility room
- Level: First
- Area: 88 Square Feet
- Dimensions: 11 x 8
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Refrigerator, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, Bookcases, Vaulted Ceiling(s), Kitchen Island, Recessed Lighting, Owner's Closet, Wallpaper
- Flooring: Tile
- Windows: Skylight(s)
- Has fireplace: Yes
- Fireplace features: Gas
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,713
- Total interior livable area: 3,713 sqft
Property
Parking
- Total spaces: 3
- Parking features: Oversized
- Garage spaces: 3
Features
- Stories: 1
- Patio & porch: Screened
- Exterior features: Dock, Sprinkler System
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
- Waterfront features: Lake Front, Seawall
Lot
- Size: 0.45 Acres
- Dimensions: 45 x 170 x 140 x 180
Details
- Parcel number: 042S23143700000190
- Zoning description: Resid Multi-Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Block, Stucco
- Roof: Slate
Condition
- Construction Complete
- New construction: No
- Year built: 1989
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: Dock
- Subdivision: LAKE LORRAINE GARDENS
Location
- Region: Shalimar
Financial & listing details
- Price per square foot: $259/sqft
- Tax assessed value: $1,130,927
- Annual tax amount: $8,408
- Date on market: 6/27/2025
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2025 | Sold | $960,000-16.5%$259/sqft |
Source:  ECAOR #972181 Report a problem | ||
| 6/27/2025 | Pending sale | $1,150,000$310/sqft |
Source: ECAOR #972181 Report a problem | ||
| 6/9/2025 | Listing removed | $1,150,000$310/sqft |
Source: ECAOR #972181 Report a problem | ||
| 6/9/2025 | Listed for sale | $1,150,000$310/sqft |
Source: ECAOR #972181 Report a problem | ||
| 4/8/2025 | Pending sale | $1,150,000$310/sqft |
Source: ECAOR #972181 Report a problem | ||
| 3/26/2025 | Listed for sale | $1,150,000-32.4%$310/sqft |
Source: ECAOR #972181 Report a problem | ||
| 8/16/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/26/2021 | Price change | $1,700,000+9.7%$458/sqft |
Source: Owner Report a problem | ||
| 6/12/2021 | Listed for sale | $1,550,000$417/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,604 +2.3% | $739,701 +3% |
| 2023 | $8,409 +2.3% | $718,156 +3% |
| 2022 | $8,220 +0.2% | $697,239 +3% |
| 2021 | $8,206 +18.3% | $676,931 +17.9% |
| 2020 | $6,939 +1.1% | $574,319 +2.3% |
| 2019 | $6,864 -2.6% | $561,407 +5.8% |
| 2018 | $7,047 | $530,862 +1.5% |
| 2017 | $7,047 +1% | $523,258 +1.8% |
| 2016 | $6,977 +2.4% | $514,150 +4.2% |
| 2015 | $6,814 +2.7% | $493,552 +2.5% |
| 2014 | $6,637 | $481,324 -9.4% |
| 2013 | -- | $531,078 +17.2% |
| 2012 | -- | $453,105 +3% |
| 2011 | -- | $439,908 +1.5% |
| 2010 | -- | $433,407 +2.7% |
| 2009 | -- | $422,013 +0.1% |
| 2008 | -- | $421,591 +3% |
| 2007 | -- | $409,312 +2.5% |
| 2006 | -- | $399,329 +3% |
| 2005 | -- | $387,698 +3% |
| 2004 | -- | $376,406 +1.9% |
| 2003 | -- | $369,388 +2.4% |
| 2002 | -- | $360,730 +1.6% |
| 2001 | -- | $355,049 |
Find assessor info on the county website
Neighborhood: 32579
Nearby homes
- $1,536,2004 bd3 ba4.9k sqft53 Lakeshore Dr, Shalimar, FL 32579Off Market
- $1,370,4003 bd3 ba2.8k sqft57 Lakeshore Dr, Shalimar, FL 32579Off Market
- $865,5003 bd2 ba2.5k sqft51 Lakeshore Dr, Shalimar, FL 32579Off Market
- $1,200,0004 bd3 ba3.3k sqft59 Lakeshore Dr, Shalimar, FL 32579Sold
- $956,7004 bd3 ba3.7k sqft61 Lakeshore Dr, Shalimar, FL 32579Off Market
- $1,774,0005 bd5 ba4.2k sqft49 Lakeshore Dr, Shalimar, FL 32579Off Market
- $520,9004 bd3 ba2.4k sqft12 Lakeshore Dr, Shalimar, FL 32579Off Market
- $980,2003 bd3 ba2.7k sqft63 Lakeshore Dr, Shalimar, FL 32579Off Market
Nearby schools
GreatSchools rating
- 7/10Shalimar Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 7/10Clifford Meigs Middle SchoolGrades: 6-8Distance: 1.7 mi
- 4/10Choctawhatchee Senior High SchoolGrades: 9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Shalimar
- Middle: Meigs
- High: Choctawhatchee
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Okaloosa County
- Shalimar
- 32579
- 55 Lakeshore Dr
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