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    Shalimar, FL
    Residential Income

    Shalimar, FL Residential Income Properties for Sale

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    Fort Walton Beach, FL Mary Esther, FL Destin, FL Miramar Beach, FL Valparaiso, FL Niceville, FL Freeport, FL Navarre, FL
    Remodeled Duplex with Screened Porch
    Updated: Jul 4
    Remodeled Duplex with Screened Porch

    34 Meigs Drive, Shalimar, FL 32579

    $585,000
    1,760 sqft 0.55 AC lot
    Fully rented duplex with two 2‑bedroom, 2‑bath units
    Unit A completely remodeled in 2018 down to the studs; HVAC replaced in 2017
    New roof completed in 2018
    New HVAC system installed July 2022; water heater installed 2021
    New 150‑foot sewer line installed 4/2023; County elevated Meigs Drive for drainage
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    This listing looks promising.

    Here's a quick look at some key insights for

    34 Meigs Drive, Shalimar, FL 32579

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    • Est. Cap Rate

      3.5%
      NOI ÷ price

    • Est. NOI

      $20K
      Annual

    • Price @ 7% Cap

      $289K
      Suggested

    • Property Type

      Duplex
      Built 1973
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    Fort Walton Beach Multifamily Portfolio
    Updated: Feb 17
    Fort Walton Beach Multifamily Portfolio

    32 7th Ave, Shalimar, FL 32579

    Contact for pricing
    Significant value‑add opportunity through raising rents to market rates, with potential increases of $100-$175 per unit based on bedroom count.
    Stabilized, cash‑flowing asset with historically high occupancy rates (near 100%).
    Recent capital improvements, including new roofs, decks, HVACs, and hot water heaters on select units.
    Diverse portfolio of 8 properties (4 townhomes and 4 single‑family homes) located within 5 miles of each other.
    Tenants responsible for all utilities due to individual metering for electricity and water/sewer.
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Shalimar, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Income-Producing Six-Plex with Updates
    Income-Producing Six-Plex with Updates

    22 Bobolink St NE, Fort Walton Beach, FL 32548

    Contact for pricing
    2,816 sqft

    Six-plex with long-term tenants and recent updates.

    View details
    Prime Real Estate on Racetrack Road
    Prime Real Estate on Racetrack Road

    120 NE Racetrack Road, Fort Walton Beach, FL 32547

    $1,300,000

    Nearly 1 acre with road frontage and development possibilities.

    View details
    Harbor Village Mixed-Use Building
    Harbor Village Mixed-Use Building

    220 Harbor Blvd, Destin, FL 32541

    Contact for pricing
    21,120 sqft 1.00 AC lot

    Renovated mixed-use building with retail and residential units.

    View details
    Mixed-Use Harbor Village Building
    Mixed-Use Harbor Village Building

    220 Harbor Boulevard Unit Units 1-, Destin, FL 32541

    $4,500,000
    20,000 sqft 1.00 AC lot

    Renovated Harbor Village building includes 10 retail storefronts and 10 two-bedroom apartments with independent access.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Waterfront Land in Poquito Bayou
    Waterfront Land in Poquito Bayou

    15 Poquito Road, Shalimar, FL 32579

    $975,000
    0.79 AC lot

    Rare 0.8-acre waterfront sanctuary with 145+ feet of frontage.

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    Waterfront Mixed-Use Land Assemblage
    Waterfront Mixed-Use Land Assemblage

    54 SE Miracle Strip Parkway, Fort Walton Beach, FL 32548

    $6,950,000
    2.47 AC lot

    Two contiguous waterfront parcels with MX-2 mixed-use zoning and frontage on both the Sound and Miracle Strip Parkway.

    View details
    Destin, FL Building Lot
    Destin, FL Building Lot

    Kelly Street, Destin, FL 32541

    $215,000
    0.17 AC lot

    Vacant lot in Destin, build your dream home!

    View details
    Destin Land Near Joe's Bayou
    Destin Land Near Joe's Bayou

    4 Lots First Street, Destin, FL 32541

    $699,900
    0.56 AC lot

    Four residential lots in Destin, near Joe's Bayou.

    View details

    Shalimar, FL Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Shalimar, FL on our real estate platform. These investment opportunities span a total of 1,760 square feet of properties for sale, with an estimated market value of $585,000.

    Sale prices for residential income properties in Shalimar, FL average $585,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 2
    Duplexes 1

    Demographics Overview

    Population 11K
    Population Growth (5Y) +5.8%
    Median Household Income $98,014
    College Educated 72.4%

    High-Yield Neighborhoods for Investment

    Identify Shalimar submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32579 $585K

    Taxes & Financing

    Tax Rate (average for all types) 1.34%
    Property Tax per SF $12.20 per SF
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Okaloosa County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Okaloosa County

    Residential Income

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