Lake Lorraine Real Estate & Homes for Sale in Lake Lorraine Florida

Lake Lorraine, Florida Average Home Sizes and Asking Prices

Updated On: May 19, 2012

Zipcode	Single Family Home					Townhome or Condo
	4 BR		3 BR		#Lst	3 BR		2 BR		#Lst
32579	2,400 sf	$324,000	2,200 sf	$310,000	55			900 sf	$92,000	6

Change and Trend of Asking Price in 32579

Sold Price History in 32579

Homes for Sale in Lake Lorraine

Lake Lorraine Real Estate & Homes for Sale in Florida

Located in the Florida Panhandle along a stretch of beach known as the Emerald Coast, Lake Lorraine is a sub-division of Shalimar and home to approximately 7,500 residents. Defined by the natural beauty of the Gulf of Mexico and its fine selection of ocean and lake front properties, Lake Lorraine is a great place to live. From retirees to military families stationed at Eglin Air Force Base, right outside of Shalimar, this diverse community is a family-friendly sanctuary for all to enjoy. As a sub-division of Shalimar, Lake Lorraine’s neighboring cities such as Destin, Niceville, Ocean City and the ever-popular Fort Walton Beach, offer some of the best-tasting seafood one will ever find. Additionally, a plethora of well-manicured championship golf courses and tennis facilities are situated throughout the area for the active adult. Proximity to the Gulf also provides locals with world-renowned fishing, boating and other water activities.

Lake Lorraine’s school system is governed by the Okaloosa/Fort Walton Beach School District, which has been one of the best in Florida for several years running. Residential sections in Lake Lorraine are filled with attractive homes at affordable prices. Real estate options consist of single-family homes and land lots. Within Lake Lorraine, Shalimar Pointe Country Club offers a clubhouse, golf shop, practice facility, Junior Olympic-sized pool, tennis courts and leagues as well as certified golf and tennis professionals. Despite the region’s high tourist population, residents of Lake Lorraine appreciate the intimate and neighborly feel.

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Price Range of Lake Lorraine Houses

Lake Lorraine offers a vast array of homes to choose from. Multi-story homes built during the 1990s are located in subdivisions near parks, schools and regional shopping centers. These homes range in price from $200,000 to $700,000 and more. Waterfront properties and other luxurious homes are priced from $900,000 to $6 million and higher depending on location and amenities. A very select few historic properties are also available as is a limited supply of land plots for custom building.

Lake Lorraine Real Estate Stats and Trends for the week of May 14th, 2012: homes priced around $310,146 compared to $300,967 the previous week, showing a increase of more than +3%.  For Saturday, May 19th, the current national mortgage rate for a 30 year fixed mortgage is 3.73%; the 15 year fixed rate is at 3.03%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.39%, while the 15 year jumbo rate currently is at 3.60%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Lake Lorraine FL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Lake Lorraine to help you find the best home!