1401 Martinez Dr, 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%.
Lady Lake links:
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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 | |
|---|---|---|---|---|
| 1403 Martinez Dr | Single Family | 2,337 | L |
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| 1423 Panama Pl | Single Family | 2,054 | L |
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| 1405 Martinez Dr | Single Family | 2,109 | L |
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| 1406 Martinez Dr | Single Family | 2,361 | L |
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| 1421 Panama Pl | Single Family | 1,690 | L |
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| 1336 Santa Maria Ave | Single Family | 1,578 | L |
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| 1502 Martinez Dr | Single Family | 1,917 | L |
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| 1408 Martinez Dr | Single Family | 1,772 | L |
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| 1504 Martinez Dr | Single Family | 1,876 | L |
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| 1407 Martinez Dr | Single Family | 1,929 | L |
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| 1401 Madrigal Ln | Single Family | 2,250 | L |
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| 1419 Panama Pl | Single Family | 1,714 | L |
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| 1506 Martinez Dr | Single Family | 1,443 | L |
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| 1334 Santa Maria Ave | Single Family | 1,581 | L |
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| 1331 Santa Maria Ave | Single Family | 1,654 | L |
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| 1508 Martinez Dr | Single Family | 1,649 | L |
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| 1410 Martinez Dr | Single Family | 1,952 | L |
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| 1403 Madrigal Ln | Single Family | 2,246 | L |
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| 1510 Martinez Dr | Single Family | 1,782 | L |
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| 1329 Santa Maria Ave | Single Family | 1,654 | L |
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| 1417 Panama Pl | Single Family | 2,175 | L |
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| 1409 Martinez Dr | Single Family | 2,324 | L |
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| 1405 Madrigal Ln | Single Family | 1,718 | L |
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| 1412 Martinez Dr | Single Family | 1,780 | L |
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| 1512 Martinez Dr | Single Family | 1,841 | L |
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| 1332 Santa Maria Ave | Single Family | 1,743 | L |
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| 1503 Martinez Dr | Single Family | 1,817 | L |
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| 1327 Santa Maria Ave | Single Family | 1,597 | L |
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| 1330 Santa Rosa Ct | Single Family | 1,646 | L |
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| 901 San Benito Ln | Single Family | 1,718 | L |
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| 1514 Martinez Dr | Single Family | 1,944 | L |
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| 1415 Panama Pl | Single Family | 2,059 | L |
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| 1402 Madrigal Ln | Single Family | 1,559 | L |
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| 1407 Madrigal Ln | Single Family | 1,758 | L |
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| 1414 Martinez Dr | Single Family | 1,634 | L |
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| 1328 Santa Rosa Ct | Single Family | 1,518 | L |
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| 1404 Madrigal Ln | Single Family | 1,613 | L |
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| 1325 Santa Maria Ave | Single Family | 1,886 | L |
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| 1516 Martinez Dr | Single Family | 1,838 | L |
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| 1509 Martinez Dr | Single Family | 1,706 | L |
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| 1411 Martinez Dr | Single Family | 1,805 | L |
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| 1406 Madrigal Ln | Single Family | 1,709 | L |
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| 903 San Benito Ln | Single Family | 1,621 | L |
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| 1409 Madrigal Ln | Single Family | 1,757 | L |
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| 1413 Panama Pl | Single Family | 2,210 | L |
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| 1326 Santa Rosa Ct | Single Family | 1,777 | L |
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| 1416 Martinez Dr | Single Family | 1,891 | L |
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| 1518 Martinez Dr | Single Family | 1,766 | L |
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| 1511 Martinez Dr | Single Family | 1,753 | 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 92 of all properties in this area. This suggests it would appeal to someone earning around $137,731 per year who should qualify for a mortgage between $275,462 and $344,328.
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 92 of all properties in this area. This corresponds to a rent of $1,822 per month and a monthly household income of $5,294 ($63,528 per year)
Nearby Companies
908 San Benito Ln
1503 Martinez Dr