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%.

Miami 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 
7561 Sw 56 Ct Condominium 2,678 B
7581 Sw 56 Ct Condominium 2,678 B
7551 Sw 56 Ct Condominium 3,104 B
7591 Sw 56 Ct Condominium 3,104 B
7541 Sw 56 Ct Condominium 3,104 B
7531 Sw 56 Ct Condominium 5,882 B
7521 Sw 56 Ct Vacant Residential 0 L
5555 Sw 76 St Vacant Residential 0 L
5600 Sw 76 St 1 Condominium 840 B
5600 Sw 76 St 2 Condominium 840 B
5600 Sw 76 St 3 Condominium 840 B
5600 Sw 76 St 4 Condominium 840 B
7570 Sw 56 Ct Condominium 2,634 B
7580 Sw 56 Ct Condominium 2,678 B
7560 Sw 56 Ct Condominium 2,678 B
7550 Sw 56 Ct Condominium 3,104 B
7590 Sw 56 Ct Condominium 3,104 B
5630 Sw 76 St 2 Condominium 840 B
5630 Sw 76 St 1 Condominium 840 B
5630 Sw 76 St 4 Condominium 840 B
5630 Sw 76 St 3 Condominium 840 B
7525 Sw 56 Ave Single Family 1,812 B
7511 Sw 56 Ct Condominium 5,882 B
7540 Sw 56 Ct Condominium 3,104 B
7530 Sw 56 Ct Condominium 2,678 B
7520 Sw 56 Ct Condominium 2,634 B
7620 Sw 56 Ave 1 Condominium 840 B
7620 Sw 56 Ave 3 Condominium 840 B
7620 Sw 56 Ave 2 Condominium 840 B
7510 Sw 56 Ct Condominium 2,678 B
7515 Sw 56 Ave Single Family 1,813 B
7501 Sw 56 Ct Vacant Residential 0 L
7491 Sw 56 Ct Condominium 3,104 B
7500 Sw 56 Ct Condominium 3,104 B
7481 Sw 56 Ct Condominium 2,678 B
7550 Sw 55 Ave Single Family 1,983 B
7518 Sw 55 Ave Single Family 1,394 B
7471 Sw 56 Ct Condominium 2,634 B
7490 Sw 56 Ct Condominium 3,104 B
7445 Sw 56 Ave Single Family 2,069 B
7636 Sw 56 Ave 3 Condominium 840 B
7636 Sw 56 Ave Vacant Residential 0 L
7636 Sw 56 Ave 4 Condominium 840 B
7636 Sw 56 Ave 1 Condominium 840 B
7636 Sw 56 Ave 2 Condominium 840 B
7480 Sw 56 Ct Condominium 2,678 B
7461 Sw 56 Ct Condominium 2,678 B
7506 Sw 55 Ave Single Family 2,376 B

Local Household Income

The median household income in this part of Florida is $77,610. The bottom 10% of the population earn less than $20,775 per year. The top 10% earn more than $310,335 per year. The top 1% earn more than $711,415 per year. Most renters earn between $30,924 (20th percentile) and $55,332 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $155,220 and $194,025.

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 $233,674 per year who should qualify for a mortgage between $467,348 and $584,185.

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 $1,209. Most renters earn between $2,577 and $4,611 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $947 (20th percentile) to $1,661 (80th percentile) range. The residential vacancy rate is 9%.

This property falls in percentile 86 of all properties in this area. This corresponds to a rent of $1,867 per month and a monthly household income of $5,099 ($61,188 per year)

Nearby Companies

7450 Red Road Corp
7450 Red Rd
To Be Realty LLC
7450 Sw 57 Avenue #B
The Schulte Group, LLC
7470 Sw 56th Ct
Snookems, LLC
7470 Sw 56th Ct
Wcm General Partner, LLC
7470 Sw 56 Ct
Rrg At Veranda, LLC
7520 Sw 57th Ave Ste G
Alcazar Development Group Ii, LLC
7520 Sw 57th Ave Ste G
Alcazar Development Group Iii, LLC
7520 Sw 57th Ave Ste G
Adg Telecomm, LLC
7520 Sw 57th Ave Ste G
Alcazar Development Group Iv, LLC
7520 Sw 57th Ave Ste G
Reliant Real Estate Group LLC
7520 Sw 57 Avenue
Rrg Figueroa Ii, LLC
7520 Sw 57 Avenue
Reliant Capital Group 1 Inc.
7520 Sw 57 Avenue
Pentagon Properties Usa LLC
2885 Sanford Ave
Ffh Spring Garden, LLC
7520 Sw 57th Ave
Jano Holdings Iii, LLC
7520 Sw 57 Avenue Suite G
Rrg Figueroa LLC
7520 Sw 57 Ave
Rrg At Alcazar, LLC
7520 Sw 57th Ave
Geyser Basin Solutions, LLC
7531 Sw 56th Ct
Jerry B. Proctor, P.A.
7600 Sw 57 Ave
J. Pell & Associates, Inc.
7600 Sw 57th Ave
Step By Step Languages, Inc.
7550 Sw 57th Ave
Spice Boats, LLC
7550 Sw 57th Ave
17901 Investments LLC
7550 S Red Rd
Cummins Cederberg, Inc.
7550 Red Road Suite 217
Mccormick Properties Of Miami, LLC
7550 Sw 57th Ave Ste 203
3962 Investments, LLC
7571 Sw 56 Court
Daniela Gozlan, Inc.
7560 Sw 56th Ct
Nitsua Global, LLC
7621-A Sw 56th Ave
Eyb Holdings, LLC
7651 Sw 56th Ave
Bright Ray, LLC
7651 Sw 56th Ave
Pastore Solutions Corp.
5530 Sw 76th St
Under The Vine LLC
7525 Sw 55th Ave
Complete Home Services, Inc.
7535 Sw 55th Ave
Medallion Builders, Inc.
7600 South Red Rd
Edgar Patino, M.D., P.A.
7600 Sw 57 Ave
I. G. Group, Inc.
7600 S Red Rd
Jali, LLC
7600 Red Road Suite 124
Steve Halegua Properties, LLC
7600 Red Road Suite 124
Marla Halegua Properties, LLC
7600 Red Road Suite 124
My Meaningful Life, LLC
7600 Sw 57 Avenue Suite 211
Lourdes B. Rivera, P.A.
7600 S Red Rd
I. V. Group, Inc.
7600 S Red Rd
Todd B Barsky Dds Pa
7600 S Red Rd
Diego Romero Dds, Pa
7600 S Red Rd
Abc Surgery LLC
7600 Sw 57th Ave
Cohen Baker Pllc
7600 Red Rd
Jac Development LLC
7520 Red Rd
Caroline Glick, LLC
7500 Red Rd
Juliana Morejon, P.A.
7500 Red Rd
Jenesco Partners, LLC
7600 Red Rd
Douglas 27, LLC
7600 Red Rd
Sunset 58, LLC
7600 Red Rd
Ocichem, LLC
7600 Red Rd
Abril Dental, P.A.
7600 Red Rd
Transeuro Corp.
7600 Red Rd
Disclaimers and Disclosures

Public Records Data

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