725 Ridgewood Rd, Key Biscayne
Miami-Dade County Real Estate - Key Biscayne
Key Biscayne is in South East Florida. It's population as recorded in the 2010 Census was 12,344. Key Biscayne is approximately 8 miles from Miami (population 399,457) and around 13 miles from Hialeah (population 224,669).
The median age for residents of Key Biscayne is 41.8. Around 38.4% of Key Biscayne households include school aged children and 32.9% of households include individuals aged 65 years or over. Census records indicate 96.1% of the Key Biscayne population are White, .4% are Black or African American, .1% American Indian, 1% Asian and 1.2% are Two or more Races. Key Biscayne has a significant Hispanic population. 61.5% (7,602) of Key Biscayne residents are of Hispanic or Latino origin. Of these 6.7% are of Mexican origin, 2.52% Puerto Rican, 26.97% Cuban and 63.78% are of other Hispanic or Latino origin.
There are 7,072 housing units in Key Biscayne. 2,368 (33.4%) of these were reported as vacant in the 2010 Census. Key Biscayne is a tourist destination, 80% (1,896) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,678 residential rental units in Key Biscayne. 1,456 of them were occupied in 2010 providing a residential rental vacancy rate of 12.3%.
Key Biscayne links:
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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
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 737 Ridgewood Rd | Single Family | 1,974 | B |
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| 715 Ridgewood Rd | Single Family | 5,548 | B |
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| 724 Woodcrest Rd | Single Family | 4,166 | B |
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| 710 Woodcrest Rd | Single Family | 2,877 | A |
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| 736 Woodcrest Rd | Single Family | 4,070 | A |
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| 736 Ridgewood Rd | Single Family | 2,069 | A |
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| 749 Ridgewood Rd | Single Family | 2,314 | A |
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| 724 Ridgewood Rd | Single Family | 2,290 | A |
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| 748 Ridgewood Rd | Single Family | 1,899 | A |
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| 710 Ridgewood Rd | Vacant Residential | 0 | L | |
| 748 Woodcrest Rd | Single Family | 3,578 | A |
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| 760 Ridgewood Rd | Single Family | 3,257 | A |
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| 761 Ridgewood Rd | Single Family | 3,638 | A |
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| 690 Woodcrest Rd | Single Family | 5,041 | B |
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| 691 Ridgewood Rd | Single Family | 2,240 | A |
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| 715 Woodcrest Rd | Single Family | 1,912 | A |
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| 775 Allendale Rd | Single Family | 2,755 | B |
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| 725 Woodcrest Rd | Single Family | 1,890 | B |
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| 769 Allendale Rd | Single Family | 1,707 | A |
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| 204 Westwood Dr | Single Family | 1,591 | A |
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| 737 Woodcrest Rd | Single Family | 1,738 | A |
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| 772 Ridgewood Rd | Single Family | 4,042 | A |
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| 760 Woodcrest Rd | Single Family | 1,297 | A |
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| 781 Allendale Rd | Single Family | 1,879 | A |
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| 690 Ridgewood Rd | Single Family | 1,456 | A |
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| 699 Woodcrest Rd | Single Family | 3,211 | A |
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| 773 Ridgewood Rd | Single Family | 2,390 | A |
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| 677 Ridgewood Rd | Single Family | 2,907 | A |
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| 749 Woodcrest Rd | Single Family | 2,601 | A |
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| 678 Woodcrest Rd | Single Family | 2,831 | A |
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| 216 Westwood Dr | Single Family | 2,257 | A |
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| 710 Glenridge Rd | Single Family | 2,509 | A |
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| 784 Ridgewood Rd | Single Family | 1,729 | A |
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| 724 Glenridge Rd | Single Family | 3,304 | A |
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| 765 Allendale Rd | Single Family | 4,903 | B |
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| 772 Woodcrest Rd | Single Family | 3,658 | A |
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| 687 Woodcrest Rd | Single Family | 2,499 | A |
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| 691 Hampton Ln | Single Family | 1,696 | A |
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| 676 Ridgewood Rd | Single Family | 1,735 | B |
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| 736 Glenridge Rd | Single Family | 2,305 | A |
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| 761 Woodcrest Rd | Single Family | 2,284 | A |
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| 791 Allendale Rd | Single Family | 1,884 | A |
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| 785 Ridgewood Rd | Single Family | 3,245 | A |
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| 698 Glenridge Rd | Single Family | 2,510 | A |
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| 780 Allendale Rd | Single Family | 4,285 | A |
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| 663 Ridgewood Rd | Single Family | 3,765 | A |
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| 228 Westwood Dr | Single Family | 2,519 | A |
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| 748 Glenridge Rd | Single Family | 4,094 | A |
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Local Household Income
The median household income in this part of Florida is $34,743. The bottom 10% of the population earn less than $8,542 per year. The top 10% earn more than $166,245 per year. The top 1% earn more than $584,884 per year. Most renters earn between $20,148 (20th percentile) and $44,172 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $69,486 and $86,858.
The tax assessed value of this property places it in percentile 98 of all properties in this area. This suggests it would appeal to someone earning around $441,726 per year who should qualify for a mortgage between $883,452 and $1,104,315.
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 $872. Most renters earn between $1,679 and $3,681 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $544 (20th percentile) to $1,424 (80th percentile) range. The residential vacancy rate is 10%.
This property falls in percentile 98 of all properties in this area. This corresponds to a rent of $3,122 per month and a monthly household income of $8,907 ($106,884 per year)
Nearby Companies
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690 Hampton Ln
690 Hampton Ln
690 Hampton Ln
690 Hampton Ln
690 Hampton Ln
690 Hampton Ln
690 Hampton Ln
690 Hampton Ln
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748 Woodcrest Rd
699 Woodcrest Rd
699 Woodcrest Rd
699 Woodcrest Rd
690 Woodcrest Rd
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772 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
773 Woodcrest Rd
748 Glenridge Rd
748 Glenridge Rd
748 Glenridge Rd
748 Glenridge Rd
748 Glenridge Rd
770 Allendale Rd
770 Allendale Rd
770 Allendale Rd
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775 Allendale Rd
775 Allendale Rd
775 Allendale Rd
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775 Allendale Rd
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725 Ridgewood Rd
798 Ridgewood Rd
725 Ridgewood Rd
725 Ridgewood Rd
725 Ridgewood Rd
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710 Woodcrest Rd
710 Woodcrest Rd