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:

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 
6905 Prado Blvd Single Family 5,167 B
284 Las Brisas Ct Single Family 5,231 A
6925 Prado Blvd Single Family 8,275 A
270 Veleros Ct Single Family 4,706 A
285 Las Brisas Ct Single Family 4,865 A
6906 Prado Blvd Single Family 4,800 A
289 Las Brisas Ct Single Family 3,428 A
6920 Prado Blvd Single Family 3,520 A
279 Veleros Ct Single Family 4,498 B
272 Veleros Ct Single Family 7,844 A
287 Las Brisas Ct Single Family 6,014 A
6935 Prado Blvd Single Family 7,423 A
6995 Prado Blvd Single Family 4,318 A
274 Veleros Ct Single Family 4,981 A
275 Veleros Ct Single Family 4,278 A
277 Veleros Ct Single Family 6,477 A
270 Galeon Ct Single Family 0 B
280 Carabela Ct Single Family 4,944 B
282 Carabela Ct Single Family 7,564 A
155 Cocoplum Rd Single Family 3,870 A
272 Galeon Ct Single Family 9,189 A

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 99 of all properties in this area. This suggests it would appeal to someone earning around $711,415 per year who should qualify for a mortgage between $1,422,830 and $1,778,538.

Annual Income Distribution - All Households (Brown), Renters (Blue)
0
10
20
30
40
50
60
70
80
90
100
$0
$177,854
$355,708
$533,561
$711,415

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 99 of all properties in this area. This corresponds to a rent of $3,586 per month and a monthly household income of $9,515 ($114,180 per year)

Rent Range - Gross Monthly Income (Blue), Gross Rent (Green)
0
10
20
30
40
50
60
70
80
90
100
$202
$2,530
$4,859
$7,187
$9,515

Nearby Companies

Aramendia Apartments, LLC
6920 Prado Blvd
Amendola Holdings, LLC
270 Veleros Ct
5995 Sw 71st Street LLC
270 Veleros Ct
115 West 49th Street, LLC
270 Veleros Ct
96 West 21st Street LLC
270 Veleros Ct
Cocoplum Yacht Club, Inc.
6500 Prado Blvd
Ocean Azul Advisors, LLC
274 Veleros Ct
150/3a Sunrise Drive, LLC
285 Las Brisas Ct
Ena, LLC
285 Las Brisas Ct
Taylorcanes Gp, LLC
279 Veleros Ct
Prt Consulting LLC
282 Carabela Ct
A.B.G. Properties, Inc.
282 Carabela Ct
Anphia Group, LLC
280 Carabela Ct
Sac Portfolio Holdings, LLC
280 Carabela Ct
Sac One, LLC
280 Carabela Ct
4730 W. Ingraham, LLC
280 Carabela Ct
Sole By Dre, LLC
280 Carabela Ct
Zenon Management, Inc.
280 Carabela Ct
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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