525 S Dixie Hwy, Coral Gables
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:
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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 | |
|---|---|---|---|---|
| 500 S Dixie Hwy | Vacant Residential | 0 | L | |
| 501 Menendez Ave | Multi-family - less than 10 units | 2,767 | A |
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| 4699 Ponce De Leon Blvd | Office building, non-professional service building, one story | 2,419 | B |
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| 509 Menendez Ave | Multi-family - less than 10 units | 3,093 | A |
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| 4689 Ponce De Leon Blvd | Office building, non-professional service building, one story | 5,541 | B |
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| 517 Menendez Ave | Multi-family - less than 10 units | 2,899 | A |
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| 481 Menendez Ave 9 | Condominium | 1,121 | B |
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| 483 Menendez Ave 10 | Condominium | 1,632 | B |
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| 550 S Dixie Hwy | Office building, non-professional service building, multi-story | 45,074 | B |
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| 491 Menendez Ave 11 | Condominium | 1,121 | B |
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| 495 Menendez Ave 13 | Condominium | 1,579 | B |
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| 493 Menendez Ave 12 | Condominium | 1,632 | B |
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| 471 Menendez Ave 7 | Condominium | 1,118 | B |
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| 497 Menendez Ave 14 | Condominium | 1,651 | B |
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| 4685 Ponce De Leon Blvd | Professional service building | 12,792 | B |
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| 525 Menendez Ave | Multi-family - less than 10 units | 2,949 | A |
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| 473 Menendez Ave 8 | Condominium | 1,593 | B |
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| 465 Menendez Ave 5 | Condominium | 1,121 | B |
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| 467 Menendez Ave 6 | Condominium | 1,632 | B |
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| 470 Loretto Ave | Single Family | 1,919 | A |
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| 460 S Dixie Hwy | Office building, non-professional service building, multi-story | 10,731 | B |
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| 520 Loretto Ave 21 | Condominium | 2,343 | B |
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| 463 Menendez Ave 4 | Condominium | 1,632 | B |
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| 461 Menendez Ave 3 | Condominium | 1,121 | B |
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| 531 Menendez Ave | Multi-family - less than 10 units | 2,948 | A |
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| 475 Amalfi Ave | Single Family | 5,150 | A |
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| 506 Loretto Ave 28 | Condominium | 1,500 | B |
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| 532 Loretto Ave 24 | Condominium | 2,520 | B |
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| 530 Loretto Ave 25 | Condominium | 2,305 | B |
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| 526 Loretto Ave 20 | Condominium | 2,305 | B |
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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.
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%.
Nearby Companies
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493 Menendez Ave
467 Menendez Ave
4689 Ponce De Leon Blvd
4689 Ponce De Leon Blvd
4689 Ponce De Leon Blvd
4689 Ponce De Leon Blvd
4685 Ponce De Leon Blvd
4689 Ponce De Leon Boulevard Suite 201
4675 Ponce De Leon Blvd