Shalimar, Florida is a small village located in Okaloosa County. Some potential advantages of purchasing real estate in Shalimar could include:

1. Location: Shalimar is located near the coast and has easy access to beaches and outdoor recreational activities.

2. Strong Economy: Okaloosa County's economy is primarily driven by the military presence in the area, which provides a stable job market and contributes to a strong economy.

3. Community: Shalimar is a small village with a tight-knit community. The village has a low crime rate and the local schools have high ratings.

However, there are also some potential disadvantages to purchasing real estate in Shalimar, including:

1. High Cost of Living: The cost of living in Shalimar, and in Okaloosa County as a whole, is higher than the national average. This could potentially make it difficult to afford housing or other expenses.

2. Hurricane Risk: Because of its location on the coast, Shalimar is at risk of being affected by hurricanes or other natural disasters.

3. Limited Job Opportunities: While the military presence in Okaloosa County is a strong economic driver, it also means that many of the jobs in the area are related to the military. This could potentially limit job opportunities for those not working in the military or related industries.

It is important to thoroughly research the local real estate market and the neighborhood you are interested in before making a purchase decision.