Miami-Dade County Real Estate - Miami Beach

Miami Beach is a resort city located on a series of barrier islands located between Biscayne Bay and the Atlantic Ocean.  The city's main economic driver is tourism and it has a population of approximately 88,000.  The city's origins lie in the 1870 purchase of the land by Henry and Charles Lum.  The land was purchased for 25 cents an acre and its development continued in the following decades with the planting of coconut, avocado, and various other fruit plantations.  Chartered in March 1915, Miami Beach became a city in 1917.

Miami Beach exists in four different zip codes 33139, 33140, and 33141.  The main three neighborhoods in Miami Beach are South Beach, Mid Beach, and North Beach.  South Beach covers most of the 33139 zip code, Mid-Beach exists in both 33140 and parts of 33139, and North beach covers both the 33140 and 33141 zip codes.

South beach is the biggest and most populous neighborhood in Miami beach.  It has a population of approximately 39,000.  South Beach is known for its status as a popular entertainment destination, as it is home to many upmarket restaurants, hotels, and nightclubs.  South Beach's major thoroughfare, Ocean Drive, is the center of the famous Miami Art Deco district.  The road starts at Miami Beach's southernmost point, South Pointe Park, and runs north through the city stopping at 15th street.

Mid-Beach is Miami Beach's smallest and least populous section, home to about 10,000 people.  The area is mostly residential, and its most notable neighborhoods include Oceanfront, Bayshore, and Nautilus.  Mid-Beach is known for being home to a series of high-end houses known as millionaire's row.

The northernmost section of Miami Beach, North Beach, is home to approximately 28,000 residents.  North Beach's most populous neighborhood, Isles of Normandy, is located on the eastern shore of Biscayne Bay.  It has a population of approximately 9,000.  Other neighborhoods located in this section of the city include Biscayne Pointe and La Gorce.

Miami Beach is among the fastest growing cities in the US.  Its location and residents have created a subculture unique to Miami Beach and distinct from that of Miami.  Spanish is a first language for more than half of Miami Beach's citizens, as 53% of the city's population is made up of Latin American immigrants and their descendants.  Non-hispanic caucasians account for about 40% of the population and the remaining 7% of the population is made up of African and Aisian Americans, as well as mixed raced citizens.

Miami Beach is in South East Florida. It's population as recorded in the 2010 Census was 87,779.

The median age for residents of Miami Beach is 40.3. Around 14.9% of Miami Beach households include school aged children and 23.4% of households include individuals aged 65 years or over. Census records indicate 87.3% of the Miami Beach population are White, 4.3% are Black or African American, .2% American Indian, 1.8% Asian and 2.6% are Two or more Races. Miami Beach has a significant Hispanic population. 53% (46,564) of Miami Beach residents are of Hispanic or Latino origin. Of these 3.32% are of Mexican origin, 6.96% Puerto Rican, 37.79% Cuban and 51.91% are of other Hispanic or Latino origin.

There are 67,499 housing units in Miami Beach. 20,331 (30.1%) of these were reported as vacant in the 2010 Census. Miami Beach is a tourist destination, 58.9% (11,988) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 33,960 residential rental units in Miami Beach. 28,974 of them were occupied in 2010 providing a residential rental vacancy rate of 14%.

Miami Beach links:

Miami-Dade County

Miami-Dade County is part of the southeast Florida region along with Indian River, St. Lucie, Martin, Palm Beach, Broward, and Monroe counties. Miami Dade County has 35 cities and incorporates many different geographical areas. The north, central, and east regions are heavily urbanized, with many large skyscrapers and a dense population. The southern region of Miami-Dade County is sparsely populated and is the heart of Miami-Dade's agricultural economy. The western region of the county includes the Everglades National Park and is inhabited only by a tribal village. The county is home to around 2.5 million people, making it the most populous in Florida and number seven in the country.

Major industries for this county are tourism, international trade, international banking, and transportation. Top public employers are Miami-Dade County Public Schools, Miami-Dade County, the Federal Government, Florida State Government, and Jackson Health Systems. Major private employers include the University of Miami, Baptist Health South Florida, Publix Supermarkets, American Airlines, and Precision Response Corporation.

The county's seat and largest city is Miami. Miami's close proximity to Latin America and the Caribbean makes it the center for international trade with those areas. The city?s population is 70% Hispanic. The concentration of Latin American businesses and international banks in the city has given it the nickname ?Capital of Latin America?. PortMiami acts as one of the largest cruise spots in the world. Miami International Airport is one of the busiest ports of entry for foreign travelers and handles the most international air cargo of any airport in the country.

Miami-Dade is also a major tourist destination, especially in the city of Miami Beach. The historic 1920s Art Deco hotels on Ocean Drive are well-known landmarks, many of which have historic designations. Visitors enjoy the warm weather, sandy beaches, and nightlife of South Beach. It is also a major convention destination. The annual Art Basel Miami and its satellite fairs bring the foremost art collectors to South Beach and the Miami neighborhood of Wynwood.

Miami-Dade County is home to numerous large universities including the private University of Miami, public Florida International University, and Catholic Barry University. The county is also home to historically-black Florida Memorial University and Miami Dade College, the second-largest public university in the nation by enrollment. The Miami-Dade County Public School System is the fifth-largest in the nation.

Neighboring Properties

AddressTypeSq FtClass 
1420 Lenox Ave Single Family 1,860 B
1430 Lenox Ave Single Family 2,685 B
1418 Lenox Ave Single Family 1,889 B
1434 Lenox Ave Single Family 1,871 B
1414 Lenox Ave Single Family 1,521 B
1438 Lenox Ave Single Family 1,987 B
1427 Alton Rd Store, one story 12,793 B
1410 Lenox Ave Single Family 3,681 B
1435 Alton Rd Store, one story 6,847 B
1440 Lenox Ave Single Family 2,530 B
1425 Lenox Ave Single Family 3,668 B
1421 Alton Rd Store, one story 17,980 B
1423 Lenox Ave Single Family 2,555 B
1427 Lenox Ave Single Family 2,598 B
1439 Alton Rd Store, one story 3,999 B
1417 Lenox Ave Single Family 2,394 B
1435 Lenox Ave Single Family 1,735 B
1406 Lenox Ave Single Family 1,853 B
1446 Lenox Ave Vacant Residential 0 L
1415 Lenox Ave Single Family 2,390 B
1439 Lenox Ave Single Family 2,132 B
1441 Alton Rd Store, one story 7,342 B
1411 Lenox Ave Single Family 1,884 B
1400 Lenox Ave Single Family 3,465 A
1443 Lenox Ave Single Family 1,532 B
1450 Lenox Ave Multi-family - 10 units or more 5,990 B
1405 Lenox Ave Single Family 2,286 B
1401 Alton Rd Parking lot (commercial or patron) or mobile home park 0 L
1035 14 St Multi-family - less than 10 units 4,862 B
1100 15 St Store, one story 6,777 B
1132 15 St Service station 3,543 B
1426 Michigan Ave Multi-family - less than 10 units 2,383 B
1420 Michigan Ave Single Family 3,574 A
1430 Michigan Ave Single Family 2,341 B
1100 14 St Single Family 2,169 A
1418 Michigan Ave Multi-family - less than 10 units 2,545 B
1432 Michigan Ave Single Family 2,913 B
1416 Michigan Ave Single Family 2,195 B
1426 Alton Rd Store, one story 12,241 B
1436 Michigan Ave Single Family 3,158 B
1355 Alton Rd Professional service building 3,375 B
1408 Michigan Ave Single Family 2,227 B
1428 Alton Rd Restaurant, cafeteria 7,038 B
1414 Alton Rd Financial institution (bank, saving and loan company, mortgage company, credit services) 4,312 B
1030 14 St Single Family 4,372 A
1406 Michigan Ave Single Family 2,052 B
1200 14 St 2a Condominium 1,070 B
1200 14 St 2d Condominium 795 B

Local Household Income

The median household income in this part of Florida is $51,244. The bottom 10% of the population earn less than $14,115 per year. The top 10% earn more than $176,321 per year. The top 1% earn more than $695,784 per year. Most renters earn between $28,044 (20th percentile) and $55,728 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $102,488 and $128,110.

The tax assessed value of this property places it in percentile 86 of all properties in this area. This suggests it would appeal to someone earning around $146,094 per year who should qualify for a mortgage between $292,188 and $365,235.

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 $1,035. Most renters earn between $2,337 and $4,644 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $717 (20th percentile) to $1,527 (80th percentile) range. The residential vacancy rate is 7%.

This property falls in percentile 86 of all properties in this area. This corresponds to a rent of $1,715 per month and a monthly household income of $5,239 ($62,868 per year)

Nearby Companies

1426 Holdings, LLC
1426 Michigan Ave
Capitalized Distributions LLC
1426 Michigan Ave
Stephen G. Bloom, LLC
1418 Michigan Ave
Hope 110 LLC
1521 Alton Rd
By Vaso Corp.
1521 Alton Rd #96
Car Centurion Management, Inc.
1521 Alton Road (642)
Cm1 Investment, Inc.
1521 Alton Road (642)
Cm2 Investment, Inc.
1521 Alton Road (642)
Falconvest Partners, LLC
1521 Alton Road #861
Carrera Usa, LLC
1521 Alton Rd #831
Bssv Corporation
1521 Alton Road #96
David'S Cafe Cafecito LLC
1521 Alton Road #112
Ag Ventures & Productions, Inc.
1521 Alton Road #112
Venitian Group LLC
1521 Alton Rd 289
Gian Franco De Palma, Pa
1521 Alton Rd 289
Uvcwear LLC
1521 Alton Road #888
Jovari Usa LLC
1521 Alton Road #888
Sumed, LLC
1521 Alton Road #122
Qia Corporation
1521 Alton Rd
Via Emilia 9, LLC
1120 15th St
Sea Dreams Holdings, LLC
1521 Alton Road #265
Mari Azimut Atlantis, LLC
1521 Alton Road #536
The Organic Family LLC
1521 Alton Road #85
Archstone Capital I Inc.
1521 Alton Road #85
Tutora Tutoring LLC
1415 Lenox Ave
Drunken Dragon LLC
1424 Alton Rd
2671 Subway, Inc.
1424 Alton Rd
Fashions Times, Inc.
1405 Lenox Ave
Belinda Fashions Inc.
1405 Lenox Ave
Foxhole Bar LLC
1218 14th Ct
Gsdc Enterprise Corp
1431 Alton Rd
Sobe Suds, LLC
1427 Alton Rd
Vlan Investments, LLC
1441-47 Alton Rd
Jong-Suh LLC
1442 Alton Rd
Led Group LLC
1442 Alton Rd
Tecno Group LLC
1442 Alton Rd
I8u LLC
1442 Alton Rd
Bacchus Liquors Inc.
1445 Alton Rd
Startupperia LLC
1430 Lenox Ave
Great White Brook, Inc.
1427 Lenox Ave
Stqr, Inc.
1427 Lenox Ave
Richard L. Seda Dpm, LLC
1345 Alton Rd
Murad Buildings LLC
1213 14th St
Ocean 22 LLC.
1213 14th St Lot 71
Kari'S Massage, LLC
1213 Fourteenth St Lot P
Iav Services, LLC
1200 14th St
Aesthetics Prime Pllc
1200 14th St
A2f Management, LLC
1200 14th St
Illrivermuzic, LLC
1200 14th St
Alton 1355 LLC
1355 Alton Rd
Cioppo, LLC
1400 Alton Rd
Live Oak Colony LLC
1400 Alton Rd
Eleonora Depalma, Pa
1400 Alton Rd
Miami Medspa LLC
1400 Alton Rd Ste 102
Techture Beauty LLC
1400 Alton Rd
Linso, Inc.
1453 Alton Rd
1440 Alton, LLC
1440 Alton Rd
Two Palms Art Bazaar LLC
1440 Alton Rd
Fortuna Sourcing Inc.
1440 Alton Rd
Disclaimers and Disclosures

Public Records Data

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