1404 Mareno Ct, The Villages
Lake County Real Estate - Lady Lake
Lady Lake is in East Central Florida. It's population as recorded in the 2010 Census was 13,926. Lady Lake is approximately 23 miles from Ocala (population 56,315) and around 5 miles from The Villages (population 51,442).
The median age for residents of Lady Lake is 66.5. Around 11.5% of Lady Lake households include school aged children and 67.2% of households include individuals aged 65 years or over. Census records indicate 90.8% of the Lady Lake population are White, 5% are Black or African American, .3% American Indian, 1% Asian and 1.2% are Two or more Races.
There are 8,865 housing units in Lady Lake. 1,644 (18.5%) of these were reported as vacant in the 2010 Census. Lady Lake is a tourist destination, 38.1% (627) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,242 residential rental units in Lady Lake. 1,623 of them were occupied in 2010 providing a residential rental vacancy rate of 25.3%.
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Lake County
Lake County is located in the east central Florida region, along with Brevard, Orange, Volusia, Sumter, Seminole, and Osceola counties. Cities of Lake County include Astatula, Clermont, Eustis, Fruitland Park, Groveland, Lady Lake, Leesburg, Mascotte, Minneola, Montverde, Mount Dora, Tavares, and Umatilla. Lake County has approximately 1,400 named lakes. It is home to around 300,000 people. About one in four residents are over the age of 65.
Top industries in Lake County are retail, healthcare, construction, and food services. Major private sector employers for Lake County are Leesburg Regional Medical Center, Wal-Mart, Villages of Lake Sumter Inc., Florida Hospital-Waterman, and Publix Supermarkets. Top public sector employers are Lake County Public Schools, Lake County Government, and Lake County Sheriff's Department.
The county seat is Tavares, a city with a population over 12,000. A third of the people who live in Tavares are over age 65. The city?s economic strength lies in services, especially healthcare and retail.
Leesburg is a city of over 20,000. Nestled among the Harris Chain of Lakes, maritime recreational opportunities abound, including boating and fishing.The area hosts many full-service retirement communities. The Leesburg Regional Airport features two runways for general aviaion craft.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 1402 Mareno Ct | Single Family | 1,850 | L |
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| 805 Ramos Dr | Single Family | 1,616 | L |
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| 1406 Mareno Ct | Single Family | 2,398 | L |
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| 803 Ramos Dr | Single Family | 1,602 | L |
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| 807 Ramos Dr | Single Family | 1,602 | L |
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| 716 Lisbon Ln | Single Family | 1,705 | L |
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| 801 Ramos Dr | Single Family | 1,598 | L |
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| 809 Ramos Dr | Single Family | 1,749 | L |
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| 718 Lisbon Ln | Single Family | 1,973 | L |
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| 1408 Mareno Ct | Single Family | 1,939 | L |
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| 1401 Mareno Ct | Single Family | 2,056 | L |
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| 1402 Panama Pl | Single Family | 2,075 | L |
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| 811 Ramos Dr | Single Family | 1,688 | L |
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| 1403 Mareno Ct | Single Family | 2,096 | L |
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| 1404 Panama Pl | Single Family | 1,746 | L |
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| 1405 Mareno Ct | Single Family | 1,992 | L |
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| 1410 Mareno Ct | Single Family | 2,218 | L |
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| 806 Ramos Dr | Single Family | 1,770 | L |
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| 804 Ramos Dr | Single Family | 1,694 | L |
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| 808 Ramos Dr | Single Family | 2,248 | L |
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| 1407 Mareno Ct | Single Family | 1,918 | L |
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| 802 Ramos Dr | Single Family | 1,755 | L |
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| 1406 Panama Pl | Single Family | 2,341 | L |
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| 810 Ramos Dr | Single Family | 1,588 | L |
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| 813 Ramos Dr | Single Family | 2,196 | L |
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| 1409 Mareno Ct | Single Family | 2,041 | L |
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| 719 Lisbon Ln | Single Family | 1,918 | L |
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| 1412 Mareno Ct | Single Family | 1,726 | L |
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| 721 Lisbon Ln | Single Family | 1,786 | L |
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| 717 Lisbon Ln | Single Family | 2,029 | L |
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| 804 Miranda Way | Single Family | 2,359 | L |
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| 806 Miranda Way | Single Family | 1,726 | L |
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| 812 Ramos Dr | Single Family | 1,978 | L |
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| 808 Miranda Way | Single Family | 2,254 | L |
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| 1403 Navarro Ct | Single Family | 1,743 | L |
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| 802 Miranda Way | Single Family | 1,846 | L |
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| 1405 Navarro Ct | Single Family | 1,574 | L |
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| 723 Lisbon Ln | Single Family | 2,005 | L |
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| 715 Lisbon Ln | Single Family | 1,804 | L |
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| 1401 Navarro Ct | Single Family | 1,569 | L |
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| 1407 Navarro Ct | Single Family | 1,880 | L |
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| 810 Miranda Way | Single Family | 1,881 | L |
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| 1411 Mareno Ct | Single Family | 1,813 | L |
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| 1403 Panama Pl | Single Family | 2,118 | L |
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| 1401 Panama Pl | Single Family | 2,062 | L |
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| 713 Lisbon Ln | Single Family | 1,989 | L |
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| 1409 Navarro Ct | Single Family | 1,679 | L |
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| 812 Miranda Way | Single Family | 2,325 | L |
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| 814 Ramos Dr | Single Family | 1,806 | L |
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Local Household Income
The median household income in this part of Florida is $54,508. The bottom 10% of the population earn less than $19,472 per year. The top 10% earn more than $126,999 per year. The top 1% earn more than $446,344 per year. Most renters earn between $26,532 (20th percentile) and $49,788 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $109,016 and $136,270.
The tax assessed value of this property places it in percentile 77 of all properties in this area. This suggests it would appeal to someone earning around $88,765 per year who should qualify for a mortgage between $177,530 and $221,913.
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 $890. Most renters earn between $2,211 and $4,149 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $655 (20th percentile) to $1,270 (80th percentile) range. The residential vacancy rate is 11%.
This property falls in percentile 77 of all properties in this area. This corresponds to a rent of $1,206 per month and a monthly household income of $3,919 ($47,028 per year)