2155 Matthews Rd, Big Pine Key


Single Family


2155 Matthews Rd
Big Pine Key
FL 33043

Property Size:1,820 sq ft
Year Built:1980
Property Class:B3

Not Offered for Sale

Our records indicate this property is not currently for sale but we may be able to find something similar. Contact us for details.

Welcome to Visulate

Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

Contact us if you want to buy or sell real estate in Big Pine Key:

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Monroe County, Florida

Monroe County is part of the southwest Florida region along with Indian River, St. Lucie, Miami-Dade, Martin, Palm Beach, and Broward. Monroe County is the southernmost county in Florida and the continental United States. Monroe County incorporates the Florida Keys, parts of the Everglades, and Big Cyprus National Preserve, with Key West as the county seat. Other cities are Marathon, Key Colony Beach, and Layton. 22% of the properties in Monroe County are government owned.

The largest industry in Monroe County is tourism. In 2010, The Keys alone had 3.8 million visitors. Major private sector employers are Kmart, HMA, Baptist Mariner's Hospital, HTA, and Hawks Cay Resort. Public employers are US Armed Forces, Monroe County Schools, Monroe County Government, and Florida Keys Community College. ..more

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  1. 2155 Matthews Rd, Big Pine Key, FL on Zillow
  2. Recent Sales near 2155 Matthews Rd, Big Pine Key, FL on Realtor.com
  3. 2155 Matthews Rd, Big Pine Key, FL on Google Maps
  4. Big Pine Key, FL Property Values on Trulia
  5. Demographic Data for Zipcode 33043 from City-Data.com
  6. Big Pine Key Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 33043 Zipcode

Owner Details

Companies near this Address

  1. Mark W. Milnes Building Contractor, Inc. (30825 Granada Ave)

Monroe County Real Estate - Big Pine Key

Big Pine Key is in South East Florida. It's population as recorded in the 2010 Census was 4,252. Big Pine Key is approximately 104 miles from Miami (population 399,457) and around 106 miles from Hialeah (population 224,669).

The median age for residents of Big Pine Key is 49.7. Around 17.9% of Big Pine Key households include school aged children and 27.5% of households include individuals aged 65 years or over. Census records indicate 94.6% of the Big Pine Key population are White, 1.7% are Black or African American, .3% American Indian, .7% Asian and 1.7% are Two or more Races.

There are 2,981 housing units in Big Pine Key. 1,025 (34.3%) of these were reported as vacant in the 2010 Census. Big Pine Key is a tourist destination, 68.8% (706) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 734 residential rental units in Big Pine Key. 594 of them were occupied in 2010 providing a residential rental vacancy rate of 17.4%.

Big Pine Key links:

Nearby Cities

Local Household Income

The median household income in this part of Florida is $61,705. The bottom 10% of the population earn less than $18,026 per year. The top 10% earn more than $173,933 per year. The top 1% earn more than $526,101 per year. Most renters earn between $28,740 (20th percentile) and $62,736 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,169. Most renters earn between $2,395 and $5,228 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $772 (20th percentile) to $1,753 (80th percentile) range. The residential vacancy rate is 10%.

Estimated Value: 2155 Matthews Rd

Market Data

In 2013 class A single family properties in Big Pine Key sold for $333.33 to 561.34 per sq ft with a median price per sq ft of $359.82. Class B properties sold for $192.87 to 333.32 per sq ft with a median of $253.31 and class C properties sold for $45.38 to 192.86 per sq ft with a median of $167.65.

Market Valuation

2155 Matthews Rd appears to be a B Class property. Suggested value: $461,024

Value606,642 461,024 351,023

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $102,200. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 2155 Matthews Rd:

  • The Household Income estimate assumes the tenant has a total household income of $150,088 and spends 35% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $4,378
Household Income - Renters $2,096
Market Rents $1,961
Price/Ft $1,600

Expense Estimates:

  • Census data records show 10% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 2155 Matthews Rd. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Monthly Rent1,961
Annual Rent per Sq Ft13.00
Gross Annual Rent23,532
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount3,530
HOA, Utilities and CAM0
Property Taxes6,810
Management Fees2,353
Cap Rate7
Estimated Value102,200
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.