331 Sw 87 Path, Unincorporated County

Miami-Dade County Real Estate - Miami

Miami

Miami is Florida's second most populous city. Miami is also the second largest US city with a Spanish speaking majority, which accounts for its nickname of "the capital of Latin America." Industries with the largest influence in Miami include commerce, finance, and international business. Miami is home to the headquarters of many large businesses including Burger King, US Century Bank, Caribbean Cruise Lines, and World Fuel Services. The port of Miami is one of the nation's busiest ports and contributes $18 billion to the city's economy. The largest employers in Miami are Miami-Dade County Public Schools, Miami-Dade County, United States Government, Florida Government, University of Miami, and Baptist Health South Florida.

Miami is in South East Florida. It's population as recorded in the 2010 Census was 399,457.

The median age for residents of Miami is 38.8. Around 27.3% of Miami households include school aged children and 29.9% of households include individuals aged 65 years or over. Census records indicate 72.5% of the Miami population are White, 19.2% are Black or African American, .2% American Indian, .9% Asian and 2.6% are Two or more Races. Miami has a significant Hispanic population. 69.9% (279,456) of Miami residents are of Hispanic or Latino origin. Of these 2.08% are of Mexican origin, 4.57% Puerto Rican, 49.13% Cuban and 44.2% are of other Hispanic or Latino origin.

There are 183,994 housing units in Miami. 25,677 (13.9%) of these were reported as vacant in the 2010 Census. There are 118,493 residential rental units in Miami. 107,131 of them were occupied in 2010 providing a residential rental vacancy rate of 9.2%.

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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 
321 Sw 87 Path Condominium 2,171 B
8771 Sw 3 Ln Condominium 2,071 B
311 Sw 87 Path Condominium 2,308 B
8780 Sw 3 Ln Condominium 2,493 B
8774 Sw 3 Ln Condominium 2,308 B
8765 Sw 3 Ln Condominium 2,308 B
8766 Sw 3 St Condominium 2,493 B
8768 Sw 3 Ln Condominium 2,171 B
301 Sw 87 Path Condominium 2,071 B
340 Sw 87 Path Condominium 2,171 B
8760 Sw 3 St Condominium 2,171 B
330 Sw 87 Path Condominium 2,493 B
8759 Sw 3 Ln Condominium 2,171 B
8762 Sw 3 Ln Condominium 2,308 B
350 Sw 87 Path Condominium 2,308 B
320 Sw 87 Path Condominium 2,171 B
360 Sw 87 Path Condominium 2,071 B
8754 Sw 3 St Condominium 2,493 B
310 Sw 87 Path Condominium 2,493 B
8756 Sw 3 Ln Condominium 2,071 B
8753 Sw 3 Ln Condominium 2,493 B
8748 Sw 3 St Condominium 2,171 B
411 Sw 88 Ct Single Family 1,572 A
281 Sw 87 Path Condominium 2,493 B
8747 Sw 3 Ln Condominium 2,171 B
421 Sw 88 Ct Single Family 2,031 A
300 Sw 87 Path Outdoor recreational or high-water recharge subject 0 L
8750 Sw 3 Ln Condominium 2,493 B
412 Sw 87 Pl Single Family 2,031 A
8742 Sw 3 St Condominium 2,308 B
410 Sw 88 Ct Single Family 2,031 A
409 Sw 87 Pl Single Family 1,572 A
8769 Sw 3 St Condominium 2,071 B
8741 Sw 3 Ln Condominium 2,493 B
261 Sw 87 Path Condominium 2,171 B
8763 Sw 3 St Condominium 2,308 B
8744 Sw 3 Ln Condominium 2,171 B
8736 Sw 3 St Condominium 2,071 B
8757 Sw 3 St Condominium 2,171 B
270 Sw 87 Path Condominium 2,071 B
419 Sw 87 Pl Single Family 2,031 A
419 Sw 88 Pl Single Family 1,600 A
431 Sw 88 Ct Single Family 1,572 A
422 Sw 87 Pl Single Family 1,572 A
241 Sw 87 Path Condominium 2,308 B
8751 Sw 3 St Condominium 2,493 B
8738 Sw 3 Ln Condominium 2,493 B
420 Sw 88 Ct Single Family 1,572 A
250 Sw 87 Path Condominium 2,308 B

Local Household Income

The median household income in this part of Florida is $48,362. The bottom 10% of the population earn less than $14,609 per year. The top 10% earn more than $135,683 per year. The top 1% earn more than $387,554 per year. Most renters earn between $27,780 (20th percentile) and $49,608 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $96,724 and $120,905.

The tax assessed value of this property places it in percentile 84 of all properties in this area. This suggests it would appeal to someone earning around $108,546 per year who should qualify for a mortgage between $217,092 and $271,365.

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 $1,139. Most renters earn between $2,315 and $4,134 per month. They typically spend 39% of their monthly income on rent. Most rents fall in the $820 (20th percentile) to $1,560 (80th percentile) range. The residential vacancy rate is 3%.

This property falls in percentile 84 of all properties in this area. This corresponds to a rent of $1,639 per month and a monthly household income of $4,360 ($52,320 per year)

Nearby Companies

Ash Media Group LLC
8758 Sw 2nd Ter
Fm Wordlwide, LLC
8745 Sw 3rd St
Tyc Export, Inc.
8745 Sw 3rd St
My Unlimited, Corp.
8745 Sw 3rd St
Homestead Land Group LLC
280 Sw 87 Ct
100 Se 6th Street, LLC
280 Sw 87 Ct
Jose Luis Morejon Pa
260 Sw 87th Ct
The Leiva I Family Limited Partnership
280 Sw 87th Ct
328 Plaza LLC
280 Sw 87th Ct
312 Plaza LLC
280 Sw 87th Ct
Leiva Development Group LLC
280 Sw 87th Ct
312 Avocado Grove LLC
280 Sw 87th Ct
2155 Duplex LLC
280 Sw 87th Ct
Edwin Herrera, M.D., P.A.
431 Sw 87 Ct
J G A S Inc.
442 Sw 88 Pl
Donde Claudia LLC
410 Sw 87 Ct
H & R Congroup Usa, LLC
350 Sw 87 Path
G4 International Investments LLC
350 Sw 87th Path
Guzman Gorritti Investments LLC
350 Sw 87th Path
Toroid LLC
350 Sw 87th Path
Liniel LLC
350 Sw 87th Path
Viclun LLC
350 Sw 87th Path
Andarinm LLC
350 Sw 87th Path
Alvaro Roberto Iriarte P.A.
350 Sw 87th Path
Romar Supply Of Miami, Inc.
350 Sw 87th Path
Ap Home Care, Inc.
8774 Sw 3rd Ln
Ferkam Inc.
8741 Sw 3rd Ln
Caran International Corporation
8741 Sw 3 Lane
Lg Smart Blinds Corp
320 Sw 87 Ct
House Reform Feeder Fund Lp
321 Sw 87th Path
House Reform One LLC
321 Sw 87th Path
R P Xpress LLC
310 Sw 87 Ct
Sol-Depot LLC
8748 Sw 3rd St
New Space Builder, Inc
8748 Sw 3rd St
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.

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