Shalimar Real Estate

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Shalimar Real Estate and Homes for Sale in Shalimar, Florida

Shalimar is a small town located on the Florida Panhandle. Home to approximately 1,000 residents, this intimate beach community is entirely residential with a few stores and shops located within its borders. People enjoy the town’s peaceful atmosphere, clean city streets and its appreciation to preserve the area’s natural aesthetic appeal. Two beautiful parks grace the town as does the warm water of the Choctawhatchee Bay that nestles against its shorelines. Within three miles of Shalimar are the popular tourist destination cities of Lake Lorraine, Ocean City and the famous Fort Walton Beach. Hence, despite Shalimar’s tranquil and secluded setting, residents are never far from the excitement and allure of world-class beaches, top-rate golf and tennis facilities, restaurants, shopping and a variety of cultural amenities such as performance halls, concert venues, theatres and museums. Elementary and middle school students are served by the Fort Walton School District. The nearest medical facilities are the Fort Walton Beach Medical Center, the Gulf Coast Treatment Center and the Twin Cities Hospital.

Shalimar promotes a family-friendly atmosphere that is home to retirees, working adults and young families. Real estate options consist of single-family homes, condominiums and townhouses as well as land lots. The town has an estimated 65 commercial and governmental establishments, meaning that residents rely on their proximity to the region’s many larger cities for employment, entertainment and recreation. Still, Shalimar provides for the perfect place to call home as it affords locals the very finest in attractive and affordable housing with easy access to all of Okaloosa County’s fine amenities and attractions.

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Price Range of Shalimar Houses

Unique, island-style living can be found in this bayside community. Homes of all shapes, sizes and styles are situated throughout with many featuring stunning oceanfront and beach views as well as panoramic views of the Choctawhatchee Bay. A select few condominiums and townhouses are available and range in price from $100,000 to $300,000 and up depending on location and amenities. Two, three, and four-bedroom homes within walking distances to town stores and other public areas range in price from the mid-$100,000s to the low $500,000s and more. Larger properties and new homes with spacious yards range in price from the low $600,000s to the low $900,000s and up. Open lots for custom building are also available in certain sections of town.

Shalimar Real Estate Stats and Trends for the week of April 19th, 2020: homes priced around $419,377 compared to $419,377 the previous week, to remain steady with no change in listing price.  For Sunday, April 19th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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