4514 Leilani Ln, Merritt Island
Brevard County Real Estate - Sharpes
Sharpes is in East Central Florida. It's population as recorded in the 2010 Census was 3,411. Sharpes is approximately 38 miles from Orlando (population 238,300) and around 29 miles from Palm Bay (population 103,190).
The median age for residents of Sharpes is 47.3. Around 23.9% of Sharpes households include school aged children and 34.2% of households include individuals aged 65 years or over. Census records indicate 91.9% of the Sharpes population are White, 3.3% are Black or African American, .9% American Indian, .5% Asian and 2.2% are Two or more Races.
There are 1,728 housing units in Sharpes. 257 (14.8%) of these were reported as vacant in the 2010 Census. There are 428 residential rental units in Sharpes. 369 of them were occupied in 2010 providing a residential rental vacancy rate of 12.4%.
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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 | |
|---|---|---|---|---|
| 450 Hall Rd E | Single Family | 3,845 | A |
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| 480 Hall Rd E | Single Family | 2,697 | B |
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| 400 Hall Rd E | Single Family | 2,039 | B |
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| 4534 Leilani Ln | Single Family | 3,543 | A |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 4840 Courtenay Pkwy N | .73 | 3,000 | $759,000 |
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| 3420 Courtenay Pkwy N | 1.19 | 27,700 | $3,150,000 |
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| 210 Grant Rd | 1.67 | 3,074 | $799,000 |
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| 5995 Courtenay Pkwy N | 2.12 | 5,156 | $1,100,000 |
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| 160 Venetian Way | 2.29 | 18,120 | $3,199,900 |
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| 670 Oak Park Cir | 2.31 | 1,495 | $475,000 |
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| 2460 Courtenay Pkwy N | 2.33 | 15,428 | $2,399,900 |
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| 2180 Courtenay Pkwy N | 2.77 | 2,750 | $850,000 |
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| 2107 Hidden Grove Ln | 2.81 | 1,454 | $235,000 |
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| 2097 Hidden Grove Ln | 2.86 | 1,530 | $258,900 |
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Local Household Income
The median household income in this part of Florida is $72,768. The bottom 10% of the population earn less than $23,880 per year. The top 10% earn more than $187,088 per year. The top 1% earn more than $641,838 per year. Most renters earn between $33,936 (20th percentile) and $61,692 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $145,536 and $181,920.
The tax assessed value of this property places it in percentile 85 of all properties in this area. This suggests it would appeal to someone earning around $157,137 per year who should qualify for a mortgage between $314,274 and $392,843.
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 $1,015. Most renters earn between $2,828 and $5,141 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $738 (20th percentile) to $1,432 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 85 of all properties in this area. This corresponds to a rent of $1,534 per month and a monthly household income of $5,579 ($66,948 per year)