538 Twin Lakes Dr, Titusville
Brevard County Real Estate - Titusville
Titusville is the County Seat of Brevard County. Nicknamed Space City, USA, It is a principal city of the Palm Bay -Melbourne - Titusville Metropolitan Statistical Area
Titusville is a full service city covering 30.3 square miles and a population of approximately 45,000. Titusville is located on the west shore of the Indian River Lagoon, directly across from the John F. Kennedy Space Center. The Atlantic Ocean lies approximately 12 miles to the east and East Orlando 30 miles to the west. Incorporated in 1886, Titusville has seen most of its growth since 1962, with the creation of the Lunar Landing program at the Space Center. Titusville is the eastern anchor of Florida’s high tech corridor. Industrial parks and prime commercial properties are near major highways such as I-95, SR 528/Beach line Expressway, and SR 50, all providing easy access to Orlando and other major cities.
Connecting the city to the rest of Florida and beyond is a modern, uncongested system of road and rail connections. Interstate 95, US 1,State Road 50 and the Florida East Coast Railway are all excellent methods for land transportation in the immediate area.
Commercial air transportation is provided by Orlando International Airport. General aviation facilities are available at Space Coast Regional Airport, located just five minutes from Kennedy Space Center and home to 1,200 acres of industrial property.
On the Atlantic Ocean sits Port Canaveral, a major deepwater port serving cargo, tanker and cruise markets. Port Canaveral has shown tremendous growth of late, registering 3.6 million short tons of cargo and 4.3 million total cruise passengers in FY 2007.
The nostalgic historic Downtown area offers arts and crafts shops, clothing and consignment shops, flower and gift shops and a nearby riverside park, as well as several popular restaurants.
Nearby are other gift, hobby, museum and antique shops. Within one mile of downtown is the Titusville Municipal Marina with a ships store, a large seawall for viewing manatee and other marine life.
There 10 hotels/motels in Titusville mostly clustered around I95 or the Indian River.
House prices and rent in Titusville have been negatively impacted by the imminent closure of the shuttle program and the consequential loss of high salary jobs. As a real estate investor house prices are softer here than other areas in Brevard County. It is extremely important that the price paid enables the property to cash flow as a rental as selling prices are unlikely to rebound in the near future.
Titusville is in East Central Florida. It's population as recorded in the 2010 Census was 43,761. Titusville is approximately 35 miles from Orlando (population 238,300) and around 42 miles from Palm Bay (population 103,190).
The median age for residents of Titusville is 44.3. Around 26.6% of Titusville households include school aged children and 34% of households include individuals aged 65 years or over. Census records indicate 80.8% of the Titusville population are White, 13.5% are Black or African American, .4% American Indian, 1.3% Asian and 2.5% are Two or more Races.
There are 22,729 housing units in Titusville. 3,712 (16.3%) of these were reported as vacant in the 2010 Census. There are 7,766 residential rental units in Titusville. 6,238 of them were occupied in 2010 providing a residential rental vacancy rate of 19.1%.
Titusville links:
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Brevard County
Brevard County is located in the East Central Florida region, along with Orange, Volusia, Sumter, Seminole, Lake, and Osceola counties. There are many incorporated municipalities in Brevard. Cities include Cape Canaveral, Cocoa, Cocoa Beach, Indian Harbour Beach, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, and West Melbourne. The towns in Brevard are Grant-Valkaria, Indiatlantic, Malabar, Melbourne Beach, Melbourne Village, and Palm Shores. Brevard?s population is well over half a million.
Top industries for Brevard County include technology, tourism, agriculture, and other service businesses. Top public sector employers for Brevard County are the Brevard County School Board, Brevard County Board of County Commissioners, NASA, and US Department of Defense. Private sector employers include Harris Corporation, Health First, Inc., United Space Alliance, Wuesthoff Health System, and Northrop Grumman Corporation.
Kennedy Space Center is located on Merritt Island in Brevard County and provides many jobs for the area, as well as acting as a popular tourist destination. It is from this activity that Brevard takes its nickname, the Space Coast. Nicknamed "Space City USA", the city of Titusville is across the water from KSC. The city?s population is highly-educated. The city is a popular destination for visitors wishing to see spacecraft launches.
Other tourist attractions in Brevard County include Port Canaveral, one of the busiest cruise ports in the world, the Merritt Island National Wildlife Refuge, and Cocoa Beach. Port Canaveral is serviced by Disney Cruise Lines, Carnival, and Royal Caribbean. Not just a tourist destination, the port is within a foreign trade zone.
In 2010 and 2011, the Brookings Institution reported that Brevard ranked in the bottom fifth of the nation's top metro areas, based on unemployment, gross metropolitan product, housing prices and foreclosed properties. In 2011, the county was rated the 6th worst in the nation for foreclosures. RealtyTrac rated Brevard as the best county in the United States for buyers in 2013 because of the low prices.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 542 Twin Lakes Dr | Condominium | 865 | B |
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| 536 Twin Lakes Dr | Condominium | 845 | B |
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| 544 Twin Lakes Dr | Condominium | 945 | B |
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| 541 Twin Lakes Dr | Condominium | 1,019 | B |
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| 534 Twin Lakes Dr | Condominium | 956 | B |
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| 523 Oak Cove Rd | Condominium | 504 | B |
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| 539 Twin Lakes Dr | Condominium | 913 | B |
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| 546 Twin Lakes Dr | Condominium | 1,084 | B |
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| 545 Twin Lakes Dr | Condominium | 945 | B |
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| 525 Oak Cove Rd | Condominium | 492 | B |
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| 537 Twin Lakes Dr | Condominium | 905 | B |
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| 532 Twin Lakes Dr | Condominium | 979 | B |
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| 547 Twin Lakes Dr | Condominium | 945 | B |
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| 527 Oak Cove Rd | Condominium | 492 | B |
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| 535 Twin Lakes Dr | Condominium | 920 | B |
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| 529 Oak Cove Rd | Condominium | 492 | B |
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| 530 Twin Lakes Dr | Condominium | 979 | B |
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| 533 Twin Lakes Dr | Condominium | 1,049 | B |
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| 509 Oak Cove Rd | Condominium | 0 | B | |
| 520 Oak Cove Rd | Condominium | 0 | B | |
| 531 Oak Cove Rd | Condominium | 396 | B |
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| 518 Oak Cove Rd | Condominium | 0 | B | |
| 516 Oak Cove Rd | Condominium | 0 | B | |
| 528 Twin Lakes Dr | Condominium | 1,004 | B |
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| 531 Twin Lakes Dr | Condominium | 1,442 | B |
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| 522 Oak Cove Rd | Condominium | 492 | B |
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| 507 Oak Cove Rd | Condominium | 0 | B | |
| 514 Oak Cove Rd | Condominium | 0 | B | |
| 524 Oak Cove Rd | Condominium | 492 | B |
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| 533 Oak Cove Rd | Condominium | 468 | B |
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| 512 Oak Cove Rd | Condominium | 0 | B | |
| 526 Oak Cove Rd | Condominium | 494 | B |
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| 529 Twin Lakes Dr | Condominium | 878 | B |
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| 510 Oak Cove Rd | Condominium | 0 | B | |
| 503 Oak Cove Rd | Condominium | 0 | B | |
| 526 Twin Lakes Dr | Condominium | 825 | B |
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| 528 Oak Cove Rd | Condominium | 492 | B |
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| 535 Oak Cove Rd | Condominium | 509 | B |
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| 501 Oak Cove Rd | Condominium | 0 | B | |
| 508 Oak Cove Rd | Condominium | 0 | B | |
| 530 Oak Cove Rd | Condominium | 468 | B |
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| 499 Oak Cove Rd | Condominium | 0 | B | |
| 527 Twin Lakes Dr | Condominium | 1,088 | B |
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| 537 Oak Cove Rd | Condominium | 492 | B |
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| 524 Twin Lakes Dr | Condominium | 935 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 456 Fawn Trl | .31 | 0 | $219,000 | |
| 489 Fawn Trl | .35 | 0 | $249,000 | |
| 135 Windsong Way | .74 | 0 | $300,000 | |
| 5500 Windover Way | 2.54 | 2,020 | $700,000 |
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| 2001 Breezy Hill Ln | 2.7 | 2,314 | $6,500,000 |
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| 5315 Volusia Ave | 2.7 | 0 | $20,000 | |
| 2940 Columbia Blvd | 2.89 | 14,210 | $2,800,000 |
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| 5518 River Oaks Dr | 3.05 | 2,725 | $483,000 |
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| 6305 Banyan St | 3.09 | 1,234 | $392,000 |
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Local Household Income
The median household income in this part of Florida is $62,468. The bottom 10% of the population earn less than $20,497 per year. The top 10% earn more than $145,332 per year. The top 1% earn more than $390,929 per year. Most renters earn between $28,824 (20th percentile) and $50,820 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $124,936 and $156,170.
The tax assessed value of this property places it in percentile 81 of all properties in this area. This suggests it would appeal to someone earning around $113,974 per year who should qualify for a mortgage between $227,948 and $284,935.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $871. Most renters earn between $2,402 and $4,235 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $635 (20th percentile) to $1,227 (80th percentile) range. The residential vacancy rate is 10%.
This property falls in percentile 81 of all properties in this area. This corresponds to a rent of $1,246 per month and a monthly household income of $4,279 ($51,348 per year)
Nearby Companies
520 Twin Lakes Dr