255 Bal Bay Dr, Bal Harbour
Miami-Dade County Real Estate - North Miami Beach
North Miami Beach is in South East Florida. It's population as recorded in the 2010 Census was 41,523. North Miami Beach is approximately 11 miles from Miami (population 399,457) and around 9 miles from Hialeah (population 224,669).
The median age for residents of North Miami Beach is 36.4. Around 36.9% of North Miami Beach households include school aged children and 25% of households include individuals aged 65 years or over. Census records indicate 47.1% of the North Miami Beach population are White, 41.3% are Black or African American, .2% American Indian, 3.4% Asian and 3.7% are Two or more Races. North Miami Beach has a significant Hispanic population. 36.6% (15,213) of North Miami Beach residents are of Hispanic or Latino origin. Of these 2.7% are of Mexican origin, 12.12% Puerto Rican, 19.12% Cuban and 66.05% are of other Hispanic or Latino origin.
There are 16,402 housing units in North Miami Beach. 1,990 (12.1%) of these were reported as vacant in the 2010 Census. There are 7,084 residential rental units in North Miami Beach. 6,445 of them were occupied in 2010 providing a residential rental vacancy rate of 8.6%.
North Miami Beach 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 | |
|---|---|---|---|---|
| 259 Bal Bay Dr | Single Family | 3,846 | A |
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| 251 Bal Bay Dr | Single Family | 4,688 | A |
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| 247 Bal Bay Dr | Single Family | 3,067 | A |
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| 265 Bal Bay Dr | Single Family | 8,074 | B |
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| 276 Bal Cross Dr | Single Family | 6,093 | A |
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| 260 Bal Cross Dr | Single Family | 6,001 | A |
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| 101 Biscay Dr | Single Family | 4,390 | A |
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| 280 Bal Cross Dr | Single Family | 2,389 | A |
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| 243 Bal Bay Dr | Vacant Residential | 3,815 | L |
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| 252 Bal Bay Dr | Vacant Residential | 0 | L | |
| 256 Bal Bay Dr | Single Family | 8,747 | A |
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| 135 Biscay Dr | Single Family | 4,870 | A |
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| 248 Bal Bay Dr | Single Family | 7,223 | B |
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| 262 Bal Bay Dr | Single Family | 15,248 | A |
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| 275 Bal Bay Dr | Single Family | 5,521 | A |
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| 286 Bal Bay Dr 3c | Condominium | 1,428 | B |
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| 286 Bal Bay Dr 2a | Condominium | 2,389 | B |
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| 286 Bal Bay Dr 3a | Condominium | 2,389 | B |
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| 286 Bal Bay Dr 2b | Condominium | 1,450 | B |
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| 286 Bal Bay Dr 1c | Condominium | 1,449 | B |
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| 286 Bal Bay Dr 1a | Condominium | 1,900 | B |
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| 286 Bal Bay Dr 1b | Condominium | 1,180 | B |
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| 286 Bal Bay Dr 2c | Condominium | 1,363 | B |
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| 286 Bal Bay Dr 5 | Condominium | 976 | B |
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| 286 Bal Bay Dr 3b | Condominium | 1,273 | B |
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| 286 Bal Bay Dr 4 | Condominium | 676 | B |
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| 244 Bal Bay Dr | Single Family | 8,868 | B |
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| 145 Biscay Dr | Single Family | 4,484 | A |
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| 239 Bal Bay Dr | Single Family | 3,618 | A |
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| 268 Bal Bay Dr | Single Family | 9,146 | B |
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| 271 Bal Cross Dr | Single Family | 4,178 | A |
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| 100 Biscay Dr | Single Family | 3,271 | A |
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| 240 Bal Bay Dr | Single Family | 8,884 | B |
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| 130 Biscay Dr | Single Family | 3,316 | A |
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| 261 Bal Cross Dr | Single Family | 2,966 | A |
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| 287 Bal Cross Dr | Single Family | 2,791 | A |
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| 276 Bal Bay Dr | Multi-family - less than 10 units | 9,988 | A |
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| 155 Biscay Dr | Single Family | 2,722 | B |
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| 231 Bal Bay Dr | Single Family | 2,727 | A |
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| 253 Bal Cross Dr | Single Family | 2,823 | A |
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Local Household Income
The median household income in this part of Florida is $46,930. The bottom 10% of the population earn less than $15,179 per year. The top 10% earn more than $139,950 per year. The top 1% earn more than $671,300 per year. Most renters earn between $26,412 (20th percentile) and $47,304 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $93,860 and $117,325.
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 $416,620 per year who should qualify for a mortgage between $833,240 and $1,041,550.
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 $1,056. Most renters earn between $2,201 and $3,942 per month. They typically spend 39% of their monthly income on rent. Most rents fall in the $826 (20th percentile) to $1,443 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 98 of all properties in this area. This corresponds to a rent of $2,920 per month and a monthly household income of $8,130 ($97,560 per year)
Nearby Companies
248 Bal Bay Dr
248 Bal Bay Dr
256 Bal Bay Dr
256 Bal Bay Dr
256 Bal Bay Dr
256 Bal Bay Dr
256 Bal Bay Dr
256 Bal Bay Dr
256 Bal Bay Dr
256 Bal Bay Dr
247 Bal Bay Dr
255 Bal Bay Dr
255 Bal Bay Dr
255 Bal Bay Dr
284 Bal Bay Dr
286 Bal Bay Dr
286 Bal Bay Dr
286 Bal Bay Dr
280 Bal Cross Dr
271 Bal Cross Dr
287 Bal Cross Dr
145 Biscay Dr
145 Biscay Dr