74 8th St · Lake Lorraine, FL 32579

$294,700

3 bd · 2.0 ba · 1,508 sqft · SingleFamily public records · 341 Days on market

Built 1978 8,712 sqft lot $195/sqft · 10% below area Est $327k · 10% under

---

Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +11.9/15.0
• Cash flow +9.8/30.0
• Schools +5.2/10.0
• Livability +3.5/5.0
• DSCR +2.8/10.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well-maintained home perfectly positioned on a spacious corner lot in one of the most convenient locations along the Emerald Coast--just minutes from Eglin Air Force Base, the back gate of Hurlburt Field, and the white sands Beach's. This property offers a rare combination of solid updates, functional space, and long-term value. A solar system is already in place, helping offset energy costs Inside, you'll find new flooring, hurricane-rated windows, and a bright, open living space filled with natural light. The layout flows seamlessly from the main living area to a large back patio and expansive backyard--ideal for entertaining, relaxing, or creating your own outdoor retreat. The kitchen offers a clean, functional layout with ample oak cabinetry and newer appliances (2021), leaving room for your personal touch and future upgrades to truly make it your own. A versatile bonus room provides flexibility for a home office, playroom, or additional living space, while the oversized laundry/utility room adds convenience and extra storage. Major systems have already been addressed, including a metal roof, HVAC, water heater, and appliances--all approximately 4 years old--giving buyers confidence and peace of mind. Step outside to enjoy two storage buildings, partial privacy fencing, and plenty of space to add a pool, garden, or outdoor living area tailored to your lifestyle. If you're looking for a property with strong fundamentals, valuable upgrades, and room to add your own style--all in a prime location--this is one you don't want to miss.

Key facts

• Updated kitchen
• Ample oak cabinetry
• Wide back patio

Tags

• FULLY PAID OFF SOLAR SYSTEM
• HURRICANE RATED WINDOWS
• WIDE BACK PATIO
• GENEROUS BACKYARD
• UPDATED KITCHEN
• AMPLE OAK CABINETRY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $-190 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $261k (11.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $207k (29.8% below list).
• Recommended offer: $207k (29.8% below list) — sets the bar for 1% rule.
• Cap rate 5.5% vs local median 4.3% in Lake Lorraine — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 69/100 on livability (#488 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: cost of living C-, health & safety C-, schools D-.
• Okaloosa (other): math 60% / reading 60% proficiency, ranked #12 of 73 in FL (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-2.0%/yr); 112 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 71% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,268 units permitted in Okaloosa County in 2024 (175 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Okaloosa County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 341 days — a 12% lower offer ($259k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 33y ago; this cycle's ask has dropped $30k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $223k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $206,864 (29.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 341 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
3. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.70% ✗
• Cap rate: 5.52%
• Cash-on-cash: -2.76%
• DSCR: 0.88
• GRM: 11.9

CMA / ARV

• ARV (median comp): $326,586
• List price: $294,700
• Delta: -9.76%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
78 6th St	0.20mi	3/2.0	1,492 (-1%)	0mo	$340,000	$228	89
88 Mooring Ln	0.19mi	3/2.0	1,326 (-12%)	6mo	$282,500	$213	66
105 Post Oak Pl	0.49mi	3/2.0	1,424 (-6%)	3mo	$320,000	$225	66
79 11Th St	0.27mi	3/2.0	1,706 (+13%)	5mo	$410,000	$240	61
125 12th Ave	0.36mi	3/2.0	1,690 (+12%)	2mo	$305,000	$180	61
109 3rd Ave	0.58mi	3/2.0	1,600 (+6%)	3mo	$355,900	$222	60
61 8Th St	0.15mi	4/2.0 (+1)	1,287 (-15%)	4mo	$315,000	$245	60
17 Oak Ln	0.56mi	3/3.0	1,413 (-6%)	2mo	$390,000	$276	58
15 Oak Ln	0.59mi	4/2.0 (+1)	1,425 (-6%)	2mo	$328,000	$230	56
129 12Th Ave	0.38mi	3/2.0	1,698 (+13%)	7mo	$310,000	$183	56
102 2nd Ave	0.69mi	3/2.0	1,366 (-9%)	0mo	$356,000	$261	52
9 Oak Ln	0.64mi	4/2.0 (+1)	1,651 (+10%)	7mo	$305,000	$185	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -24.0%
• Equity multiple: 0.20×
• Total profit: $-66,018
• Equity at exit: $43,941

10-year hold

• IRR: -28.9%
• Equity multiple: -0.17×
• Total profit: $-96,902
• Equity at exit: $25,480

Cash invested: $82,516 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32579

• Home prices YoY: -23.6%
• Rents YoY: -2.0%
• Active inventory: 112
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $2,069 high
• Mortgage (P&I): −$1,545
• Tax from tax record: −$156 /mo · $1,872/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $-190

Break-even live

Break-even rent $2,309

Max offer price $261,134

Occupancy floor —

Sensitivity live

Price	-10% $-23	-5% $-107	+0% $-190	+5% $-273	+10% $-357
Rent	-10% $-353	-5% $-272	+0% $-190	+5% $-108	+10% $-27
Rate	-1.0pp $-42	-0.5pp $-115	base $-190	+0.5pp $-266	+1.0pp $-344

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $73,675
• Closing costs: $8,841
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 8th Ave Shalimar, FL	1.0–4.0	1.0–2.0	932	$1,550	$1.66	46d	1	0.17mi
89 Spinnaker Ln Shalimar, FL	3.0	2.0	1376	$2,395	$1.74	15d	1	0.17mi
68 7th Ave Shalimar, FL	3.0	2.0	1460	$1,995	$1.37	46d	1	0.31mi
64 7th Ave Shalimar, FL	3.0	2.0	1460	$1,995	$1.37	46d	1	0.32mi
40 11th St Shalimar, FL	2.0	1.0	1216	$1,549	$1.27	23d	1	0.41mi
40 11th St Unit K86 Shalimar, FL	2.0	1.5	1216	$1,749	$1.44	46d	1	0.41mi
38 11th St #103 Shalimar, FL	3.0	2.5	1300	$1,750	$1.35	46d	1	0.46mi
27 11th St Shalimar, FL	2.0	1.5	1400	$1,550	$1.11	46d	1	0.51mi
116 4th Ave Shalimar, FL	3.0	2.5	1750	$1,995	$1.14	46d	1	0.52mi
133 4th Ave Shalimar, FL	3.0	2.5	1248	$2,000	$1.60	15d	1	0.53mi
145 4th Ave Shalimar, FL	2.0	2.0	1260	$1,625	$1.29	46d	1	0.54mi
40 4th Ave #9 Shalimar, FL	2.0	1.5	1100	$1,550	$1.41	46d	1	0.64mi
10 2nd St Shalimar, FL	3.0	2.0	1649	$2,350	$1.43	15d	1	0.75mi
6 Pinehurst Dr Shalimar, FL	4.0	2.0	2124	$2,795	$1.32	46d	1	0.76mi

Listing history 30 events

1. 2026-06-21
   days on market $294,700 Active 341 DOM
2. 2026-06-18
   days on market $294,700 Active 338 DOM
3. 2026-06-17
   days on market $294,700 Active 337 DOM
4. 2026-06-16
   days on market $294,700 Active 336 DOM
5. 2026-06-15
   days on market $294,700 Active 335 DOM
6. 2026-06-14
   days on market $294,700 Active 333 DOM
7. 2026-06-13
   days on market $294,700 Active 332 DOM
8. 2026-06-10
   days on market $294,700 Active 330 DOM
9. 2026-06-09
   days on market $294,700 Active 329 DOM
10. 2026-06-08
    days on market $294,700 Active 328 DOM
11. 2026-06-07
    days on market $294,700 Active 327 DOM
12. 2026-06-05
    days on market $294,700 Active 324 DOM
13. 2026-06-02
    days on market $294,700 Active 322 DOM
14. 2026-06-01
    days on market $294,700 Active 321 DOM
15. 2026-05-31
    days on market $294,700 Active 320 DOM
16. 2026-05-30
    days on market $294,700 Active 319 DOM
17. 2026-05-02
    price $294,700 1578-char remark

    Show marketing remark (1578 chars)

    Welcome to this well-maintained home perfectly positioned on a spacious corner lot in one of the most convenient locations along the Emerald Coast--just minutes from Eglin Air Force Base, the back gate of Hurlburt Field, and the white sands Beach's. This property offers a rare combination of solid updates, functional space, and long-term value. A solar system is already in place, helping offset energy costs Inside, you'll find new flooring, hurricane-rated windows, and a bright, open living space filled with natural light. The layout flows seamlessly from the main living area to a large back patio and expansive backyard--ideal for entertaining, relaxing, or creating your own outdoor retreat. The kitchen offers a clean, functional layout with ample oak cabinetry and newer appliances (2021), leaving room for your personal touch and future upgrades to truly make it your own. A versatile bonus room provides flexibility for a home office, playroom, or additional living space, while the oversized laundry/utility room adds convenience and extra storage. Major systems have already been addressed, including a metal roof, HVAC, water heater, and appliances--all approximately 4 years old--giving buyers confidence and peace of mind. Step outside to enjoy two storage buildings, partial privacy fencing, and plenty of space to add a pool, garden, or outdoor living area tailored to your lifestyle. If you're looking for a property with strong fundamentals, valuable upgrades, and room to add your own style--all in a prime location--this is one you don't want to miss.

18. 2026-03-20
    price $299,700 1578-char remark

    Show marketing remark (1578 chars)

    Welcome to this well-maintained home perfectly positioned on a spacious corner lot in one of the most convenient locations along the Emerald Coast--just minutes from Eglin Air Force Base, the back gate of Hurlburt Field, and the white sands Beach's. This property offers a rare combination of solid updates, functional space, and long-term value. A solar system is already in place, helping offset energy costs Inside, you'll find new flooring, hurricane-rated windows, and a bright, open living space filled with natural light. The layout flows seamlessly from the main living area to a large back patio and expansive backyard--ideal for entertaining, relaxing, or creating your own outdoor retreat. The kitchen offers a clean, functional layout with ample oak cabinetry and newer appliances (2021), leaving room for your personal touch and future upgrades to truly make it your own. A versatile bonus room provides flexibility for a home office, playroom, or additional living space, while the oversized laundry/utility room adds convenience and extra storage. Major systems have already been addressed, including a metal roof, HVAC, water heater, and appliances--all approximately 4 years old--giving buyers confidence and peace of mind. Step outside to enjoy two storage buildings, partial privacy fencing, and plenty of space to add a pool, garden, or outdoor living area tailored to your lifestyle. If you're looking for a property with strong fundamentals, valuable upgrades, and room to add your own style--all in a prime location--this is one you don't want to miss.

19. 2026-01-07
    status Active 1578-char remark

    Show marketing remark (1578 chars)

    Welcome to this well-maintained home perfectly positioned on a spacious corner lot in one of the most convenient locations along the Emerald Coast--just minutes from Eglin Air Force Base, the back gate of Hurlburt Field, and the white sands Beach's. This property offers a rare combination of solid updates, functional space, and long-term value. A solar system is already in place, helping offset energy costs Inside, you'll find new flooring, hurricane-rated windows, and a bright, open living space filled with natural light. The layout flows seamlessly from the main living area to a large back patio and expansive backyard--ideal for entertaining, relaxing, or creating your own outdoor retreat. The kitchen offers a clean, functional layout with ample oak cabinetry and newer appliances (2021), leaving room for your personal touch and future upgrades to truly make it your own. A versatile bonus room provides flexibility for a home office, playroom, or additional living space, while the oversized laundry/utility room adds convenience and extra storage. Major systems have already been addressed, including a metal roof, HVAC, water heater, and appliances--all approximately 4 years old--giving buyers confidence and peace of mind. Step outside to enjoy two storage buildings, partial privacy fencing, and plenty of space to add a pool, garden, or outdoor living area tailored to your lifestyle. If you're looking for a property with strong fundamentals, valuable upgrades, and room to add your own style--all in a prime location--this is one you don't want to miss.

20. 2025-10-20
    price $320,000 1578-char remark

    Show marketing remark (1578 chars)

    Welcome to this well-maintained home perfectly positioned on a spacious corner lot in one of the most convenient locations along the Emerald Coast--just minutes from Eglin Air Force Base, the back gate of Hurlburt Field, and the white sands Beach's. This property offers a rare combination of solid updates, functional space, and long-term value. A solar system is already in place, helping offset energy costs Inside, you'll find new flooring, hurricane-rated windows, and a bright, open living space filled with natural light. The layout flows seamlessly from the main living area to a large back patio and expansive backyard--ideal for entertaining, relaxing, or creating your own outdoor retreat. The kitchen offers a clean, functional layout with ample oak cabinetry and newer appliances (2021), leaving room for your personal touch and future upgrades to truly make it your own. A versatile bonus room provides flexibility for a home office, playroom, or additional living space, while the oversized laundry/utility room adds convenience and extra storage. Major systems have already been addressed, including a metal roof, HVAC, water heater, and appliances--all approximately 4 years old--giving buyers confidence and peace of mind. Step outside to enjoy two storage buildings, partial privacy fencing, and plenty of space to add a pool, garden, or outdoor living area tailored to your lifestyle. If you're looking for a property with strong fundamentals, valuable upgrades, and room to add your own style--all in a prime location--this is one you don't want to miss.

21. 2025-09-06
    price $322,500 1578-char remark

    Show marketing remark (1578 chars)

    Welcome to this well-maintained home perfectly positioned on a spacious corner lot in one of the most convenient locations along the Emerald Coast--just minutes from Eglin Air Force Base, the back gate of Hurlburt Field, and the white sands Beach's. This property offers a rare combination of solid updates, functional space, and long-term value. A solar system is already in place, helping offset energy costs Inside, you'll find new flooring, hurricane-rated windows, and a bright, open living space filled with natural light. The layout flows seamlessly from the main living area to a large back patio and expansive backyard--ideal for entertaining, relaxing, or creating your own outdoor retreat. The kitchen offers a clean, functional layout with ample oak cabinetry and newer appliances (2021), leaving room for your personal touch and future upgrades to truly make it your own. A versatile bonus room provides flexibility for a home office, playroom, or additional living space, while the oversized laundry/utility room adds convenience and extra storage. Major systems have already been addressed, including a metal roof, HVAC, water heater, and appliances--all approximately 4 years old--giving buyers confidence and peace of mind. Step outside to enjoy two storage buildings, partial privacy fencing, and plenty of space to add a pool, garden, or outdoor living area tailored to your lifestyle. If you're looking for a property with strong fundamentals, valuable upgrades, and room to add your own style--all in a prime location--this is one you don't want to miss.

22. 2025-07-08
    listed $325,000 Active 1578-char remark

    Show marketing remark (1578 chars)

    Welcome to this well-maintained home perfectly positioned on a spacious corner lot in one of the most convenient locations along the Emerald Coast--just minutes from Eglin Air Force Base, the back gate of Hurlburt Field, and the white sands Beach's. This property offers a rare combination of solid updates, functional space, and long-term value. A solar system is already in place, helping offset energy costs Inside, you'll find new flooring, hurricane-rated windows, and a bright, open living space filled with natural light. The layout flows seamlessly from the main living area to a large back patio and expansive backyard--ideal for entertaining, relaxing, or creating your own outdoor retreat. The kitchen offers a clean, functional layout with ample oak cabinetry and newer appliances (2021), leaving room for your personal touch and future upgrades to truly make it your own. A versatile bonus room provides flexibility for a home office, playroom, or additional living space, while the oversized laundry/utility room adds convenience and extra storage. Major systems have already been addressed, including a metal roof, HVAC, water heater, and appliances--all approximately 4 years old--giving buyers confidence and peace of mind. Step outside to enjoy two storage buildings, partial privacy fencing, and plenty of space to add a pool, garden, or outdoor living area tailored to your lifestyle. If you're looking for a property with strong fundamentals, valuable upgrades, and room to add your own style--all in a prime location--this is one you don't want to miss.

23. 2021-02-15
    soldstatus $223,000
24. 2021-02-09
    soldstatus $223,000 1408-char remark

    Show marketing remark (1408 chars)

    Well-maintained home ready to move in or to update to your own taste! Set on a large corner lot with an easy commute to Eglin AFB and the back gate of Hurlburt Field. Newer upgrades include exterior doors and windows in 2018, easy-care vinyl siding in 2012, and a 2-car carport in 2018. A spacious living room opens to the wide back patio and roomy backyard, providing plenty of space for entertaining. The large eat-in kitchen features attractive oak cabinetry offering lots of storage and counter space, with enough room to add a butcher block island as well. The Samsung oven and the dishwasher have barely been used as the owner cooks on the stovetop and washes dishes by hand. A huge bonus room can be used in many ways, as a den, office, playroom, you name it! Keep reading... Off the back of the bonus room you'll find a large laundry/utility room with a door to the back yard. The Whirlpool Energy Star washer, Whirlpool dryer and the shelves convey, the extra refrigerator and freezer do not. The master bedroom looks over the backyard, with privacy fencing on two sides and chain link on the street side, creating an expansive space. There is plenty of room to add a pool or a garden, and two yard buildings keep things neat and uncluttered. Metal roof will go on week of 1/18. Schedule your showing today! The house is being sold As-Is. Buyers are to verify all details important to them.

25. 2021-02-09
    soldstatus $223,000 Sold 1408-char remark

    Show marketing remark (1408 chars)

    Well-maintained home ready to move in or to update to your own taste! Set on a large corner lot with an easy commute to Eglin AFB and the back gate of Hurlburt Field. Newer upgrades include exterior doors and windows in 2018, easy-care vinyl siding in 2012, and a 2-car carport in 2018. A spacious living room opens to the wide back patio and roomy backyard, providing plenty of space for entertaining. The large eat-in kitchen features attractive oak cabinetry offering lots of storage and counter space, with enough room to add a butcher block island as well. The Samsung oven and the dishwasher have barely been used as the owner cooks on the stovetop and washes dishes by hand. A huge bonus room can be used in many ways, as a den, office, playroom, you name it! Keep reading... Off the back of the bonus room you'll find a large laundry/utility room with a door to the back yard. The Whirlpool Energy Star washer, Whirlpool dryer and the shelves convey, the extra refrigerator and freezer do not. The master bedroom looks over the backyard, with privacy fencing on two sides and chain link on the street side, creating an expansive space. There is plenty of room to add a pool or a garden, and two yard buildings keep things neat and uncluttered. Metal roof will go on week of 1/18. Schedule your showing today! The house is being sold As-Is. Buyers are to verify all details important to them.

26. 2020-12-23
    status Pending 1408-char remark

    Show marketing remark (1408 chars)

    Well-maintained home ready to move in or to update to your own taste! Set on a large corner lot with an easy commute to Eglin AFB and the back gate of Hurlburt Field. Newer upgrades include exterior doors and windows in 2018, easy-care vinyl siding in 2012, and a 2-car carport in 2018. A spacious living room opens to the wide back patio and roomy backyard, providing plenty of space for entertaining. The large eat-in kitchen features attractive oak cabinetry offering lots of storage and counter space, with enough room to add a butcher block island as well. The Samsung oven and the dishwasher have barely been used as the owner cooks on the stovetop and washes dishes by hand. A huge bonus room can be used in many ways, as a den, office, playroom, you name it! Keep reading... Off the back of the bonus room you'll find a large laundry/utility room with a door to the back yard. The Whirlpool Energy Star washer, Whirlpool dryer and the shelves convey, the extra refrigerator and freezer do not. The master bedroom looks over the backyard, with privacy fencing on two sides and chain link on the street side, creating an expansive space. There is plenty of room to add a pool or a garden, and two yard buildings keep things neat and uncluttered. Metal roof will go on week of 1/18. Schedule your showing today! The house is being sold As-Is. Buyers are to verify all details important to them.

27. 2020-11-01
    listed $223,000 Active 1408-char remark

    Show marketing remark (1408 chars)

    Well-maintained home ready to move in or to update to your own taste! Set on a large corner lot with an easy commute to Eglin AFB and the back gate of Hurlburt Field. Newer upgrades include exterior doors and windows in 2018, easy-care vinyl siding in 2012, and a 2-car carport in 2018. A spacious living room opens to the wide back patio and roomy backyard, providing plenty of space for entertaining. The large eat-in kitchen features attractive oak cabinetry offering lots of storage and counter space, with enough room to add a butcher block island as well. The Samsung oven and the dishwasher have barely been used as the owner cooks on the stovetop and washes dishes by hand. A huge bonus room can be used in many ways, as a den, office, playroom, you name it! Keep reading... Off the back of the bonus room you'll find a large laundry/utility room with a door to the back yard. The Whirlpool Energy Star washer, Whirlpool dryer and the shelves convey, the extra refrigerator and freezer do not. The master bedroom looks over the backyard, with privacy fencing on two sides and chain link on the street side, creating an expansive space. There is plenty of room to add a pool or a garden, and two yard buildings keep things neat and uncluttered. Metal roof will go on week of 1/18. Schedule your showing today! The house is being sold As-Is. Buyers are to verify all details important to them.

28. 2020-10-30
    listed $223,000 1408-char remark

    Show marketing remark (1408 chars)

    Well-maintained home ready to move in or to update to your own taste! Set on a large corner lot with an easy commute to Eglin AFB and the back gate of Hurlburt Field. Newer upgrades include exterior doors and windows in 2018, easy-care vinyl siding in 2012, and a 2-car carport in 2018. A spacious living room opens to the wide back patio and roomy backyard, providing plenty of space for entertaining. The large eat-in kitchen features attractive oak cabinetry offering lots of storage and counter space, with enough room to add a butcher block island as well. The Samsung oven and the dishwasher have barely been used as the owner cooks on the stovetop and washes dishes by hand. A huge bonus room can be used in many ways, as a den, office, playroom, you name it! Keep reading... Off the back of the bonus room you'll find a large laundry/utility room with a door to the back yard. The Whirlpool Energy Star washer, Whirlpool dryer and the shelves convey, the extra refrigerator and freezer do not. The master bedroom looks over the backyard, with privacy fencing on two sides and chain link on the street side, creating an expansive space. There is plenty of room to add a pool or a garden, and two yard buildings keep things neat and uncluttered. Metal roof will go on week of 1/18. Schedule your showing today! The house is being sold As-Is. Buyers are to verify all details important to them.

29. 1993-08-03
    soldstatus $67,000
30. 1993-04-19
    listed $69,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,872 · $156/mo
• Projected year-2 tax: $2,446 · $204/mo
• Expected delta: +$574/yr (+$48/mo · 30.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,824
• − Mortgage interest: −$16,508
• − Property taxes: −$1,872
• − Insurance: −$1,474
• − Repairs & maintenance: −$1,986
• − Management: −$1,986
• − Depreciation: −$8,573
• Taxable loss: −$7,575
• Est. tax savings @ 24.0%: +$1,818
• After-tax cash flow: $-462/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Okaloosa
• NCES district ID: 1201380
• Math proficiency: 60% ▼ -12.00%
• Reading proficiency: 60% ▼ -4.00%
• Median HH income: $55,601
• Composite: 51.62/100
• National rank: #1705
• State rank: #12 of 73 in FL

Livability — Lake Lorraine

• Score: 69/100
• State rank: #488
• US rank: #8959

Category grades

Amenities F Commute F Cost of living C- Crime A+ Employment A+ Housing A+ Health & safety C- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Lorraine, FL
• County: Okaloosa County · 194,352 people
• City population: 10,775
• Metro: Crestview-Fort Walton Beach-Destin, FL
• Population (ZIP): 10,506
• Household income: $104,510
• Rent vs Own: 30.1% rent · 69.9% own
• Severe rent burden: 271.0

Population outlook (Okaloosa County) Hauer SSP2

• Today (2025): 235,133 people
• By 2030: 253,483 · +7.8%
• By 2040: 289,537 · +23.1%
• By 2050: 322,954 · +37.3%
• By 2075: 399,624 · +70.0%
• By 2100: 425,311 · +80.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 12% Two or more races 8% Black 4% Asian 3% Pacific Islander 2% Native American 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 4% Italian 3% Slovak 3%
• Foreign-born: 7% · Canada, South Korea
• Languages at home: 87% English-only · Spanish 5% Other Asian/Pacific 2% German/W. Germanic 2%

Political lean MEDSL · Okaloosa

• 2024 margin: Solid R (+42.4) · D 28.2% · R 70.7% · Other 1.1%
• 2008→2024 swing: +2.5pp toward D · 2008: -44.9pp · 2024: -42.4pp
• All cycles: 2024: R+42.4 2020: R+39.1 2016: R+47.8 2012: R+49.4 2008: R+44.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -86.93%
• Current HPI: 281.2637
• Rent YoY: ▼ -1.97%
• Metro: Crestview-Fort Walton Beach-Destin, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+321.6% since first listed

14 events — show timeline

• 2026-05-02 Price Changed $294,700 ECAR
• 2026-03-20 Price Changed $299,700 ECAR
• 2026-01-07 Relisted — ECAR
• 2025-10-20 Price Changed $320,000 ECAR
• 2025-09-06 Price Changed $322,500 ECAR
• 2025-07-08 Listed $325,000 ECAR
• 2021-02-15 Sold (Public Records) $223,000 Public Records
• 2021-02-09 Sold (MLS) $223,000 ECAR
• 2021-02-09 Sold (MLS) $223,000 NAMLS
• 2020-12-23 Pending — ECAR
• 2020-11-01 Listed $223,000 ECAR
• 2020-10-30 Listed $223,000 NAMLS
• 1993-08-03 Sold (Public Records) $67,000 Public Records
• 1993-04-19 Listed $69,900 ECAR

Property tax history

+11.4%/yr

Latest (2025): $1,872 · +3.3% YoY. Source: county tax records.