430 Caracas Dr, Merritt Island
Brevard County Real Estate - Cocoa
Cocoa is in East Central Florida. It's population as recorded in the 2010 Census was 17,140. Cocoa is approximately 40 miles from Orlando (population 238,300) and around 26 miles from Palm Bay (population 103,190).
The median age for residents of Cocoa is 40. Around 28.6% of Cocoa households include school aged children and 30.5% of households include individuals aged 65 years or over. Census records indicate 59.1% of the Cocoa population are White, 31.3% are Black or African American, .5% American Indian, 1% Asian and 2.7% are Two or more Races.
There are 8,603 housing units in Cocoa. 1,367 (15.8%) of these were reported as vacant in the 2010 Census. There are 3,850 residential rental units in Cocoa. 3,150 of them were occupied in 2010 providing a residential rental vacancy rate of 17.4%.
Cocoa is located in Brevard Country, FL; north of Rockledge and west of Merritt Island. In 2002, Cocoa embarked on an intense annexation program, nearly doubling the city’s size to 14 square miles. The Census population figures do not include these annexed areas.
Some of Cocoa's biggest employers are: Beyel Brothers Crane & Rigging, Braden Kitchens, Brevard Community College, Brewer Paving & Development, CEMEX, and Coastal Steel. Beyel brothers Crane & Rigging is a Cocoa based company that offers heavy hauling and crane rentals. Braden Kitchens is also based in Cocoa, and offers kitchen cabinets. CEMEX provides cement and Coastal steel is a steel erection and fabrication company.
The biggest industries are trade, transportation and utilities and construction.
Cocoa links:
Links
Brevard County
Brevard County is located in the East Central Florida region, along with Orange, Volusia, Sumter, Seminole, Lake, and Osceola counties. There are many incorporated municipalities in Brevard. Cities include Cape Canaveral, Cocoa, Cocoa Beach, Indian Harbour Beach, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, and West Melbourne. The towns in Brevard are Grant-Valkaria, Indiatlantic, Malabar, Melbourne Beach, Melbourne Village, and Palm Shores. Brevard?s population is well over half a million.
Top industries for Brevard County include technology, tourism, agriculture, and other service businesses. Top public sector employers for Brevard County are the Brevard County School Board, Brevard County Board of County Commissioners, NASA, and US Department of Defense. Private sector employers include Harris Corporation, Health First, Inc., United Space Alliance, Wuesthoff Health System, and Northrop Grumman Corporation.
Kennedy Space Center is located on Merritt Island in Brevard County and provides many jobs for the area, as well as acting as a popular tourist destination. It is from this activity that Brevard takes its nickname, the Space Coast. Nicknamed "Space City USA", the city of Titusville is across the water from KSC. The city?s population is highly-educated. The city is a popular destination for visitors wishing to see spacecraft launches.
Other tourist attractions in Brevard County include Port Canaveral, one of the busiest cruise ports in the world, the Merritt Island National Wildlife Refuge, and Cocoa Beach. Port Canaveral is serviced by Disney Cruise Lines, Carnival, and Royal Caribbean. Not just a tourist destination, the port is within a foreign trade zone.
In 2010 and 2011, the Brookings Institution reported that Brevard ranked in the bottom fifth of the nation's top metro areas, based on unemployment, gross metropolitan product, housing prices and foreclosed properties. In 2011, the county was rated the 6th worst in the nation for foreclosures. RealtyTrac rated Brevard as the best county in the United States for buyers in 2013 because of the low prices.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 420 Caracas Dr | Single Family | 1,188 | B |
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| 440 Caracas Dr | Single Family | 1,588 | B |
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| 410 Caracas Dr | Single Family | 1,916 | B |
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| 425 Caracas Dr | Single Family | 1,496 | C |
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| 450 Caracas Dr | Single Family | 1,418 | B |
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| 415 Caracas Dr | Single Family | 1,188 | C |
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| 435 Caracas Dr | Single Family | 1,188 | C |
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| 405 Caracas Dr | Single Family | 1,188 | C |
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| 425 Poi Ct | Single Family | 1,188 | B |
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| 445 Caracas Dr | Single Family | 1,754 | C |
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| 400 Caracas Dr | Single Family | 3,073 | B |
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| 415 Poi Ct | Single Family | 1,971 | B |
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| 435 Poi Ct | Single Family | 2,166 | B |
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| 460 Caracas Dr | Single Family | 1,487 | B |
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| 1030 New Hampton Way | Single Family | 1,738 | B |
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| 430 Bacardi Dr | Single Family | 1,188 | C |
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| 440 Bacardi Dr | Single Family | 1,629 | C |
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| 420 Bacardi Dr | Single Family | 1,812 | C |
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| 405 Poi Ct | Single Family | 1,266 | B |
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| 1040 New Hampton Way | Single Family | 2,580 | B |
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| 395 Caracas Dr | Single Family | 1,629 | C |
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| 450 Bacardi Dr | Single Family | 1,400 | C |
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| 410 Bacardi Dr | Single Family | 1,496 | C |
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| 1010 Dakar Dr | Single Family | 2,507 | B |
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| 445 Poi Ct | Single Family | 2,489 | B |
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| 1050 New Hampton Way | Single Family | 1,759 | B |
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| 460 Bacardi Dr | Single Family | 1,188 | C |
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| 400 Bacardi Dr | Single Family | 1,400 | C |
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| 1000 Dakar Dr | Single Family | 1,188 | B |
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| 430 Poi Ct | Single Family | 1,658 | C |
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| 420 Poi Ct | Single Family | 1,188 | C |
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| 1025 New Hampton Way | Single Family | 1,188 | C |
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| 1035 New Hampton Way | Single Family | 2,196 | C |
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| 425 Bacardi Dr | Single Family | 1,629 | B |
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| 440 Poi Ct | Single Family | 3,190 | B |
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| 1015 New Hampton Way | Single Family | 1,496 | C |
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| 415 Bacardi Dr | Single Family | 1,372 | B |
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| 435 Bacardi Dr | Single Family | 1,496 | B |
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| 1045 New Hampton Way | Single Family | 1,496 | C |
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| 410 Poi Ct | Single Family | 1,496 | C |
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| 405 Bacardi Dr | Single Family | 1,188 | B |
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| 1005 New Hampton Way | Single Family | 1,629 | C |
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| 980 Dakar Dr | Single Family | 1,629 | B |
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| 445 Bacardi Dr | Single Family | 1,892 | B |
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| 1055 New Hampton Way | Single Family | 1,188 | C |
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| 400 Poi Ct | Single Family | 1,796 | C |
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| 395 Bacardi Dr | Single Family | 1,382 | B |
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| 985 New Hampton Way | Single Family | 1,188 | C |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 330 Surfspray Dr | .28 | 1,188 | $690,000 |
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| 850 Courtenay Pkwy N | .61 | 1,680 | $795,000 |
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| 1395 Courtenay Pkwy N | 1.02 | 1,350 | $179,900 |
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| 230 Merritt Island Cswy E | 1.24 | 16,200 | $3,149,900 |
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| 76 Merritt Island Cswy E | 1.29 | 12,444 | $3,149,900 |
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| 260 Tropical Trl N | 1.35 | 10,413 | $2,149,900 |
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| 777 Merritt Island Cswy E | 1.44 | 627,156 | $129,000 |
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| 440 Merritt Island Cswy W | 1.53 | 1,066 | $899,000 |
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| 250 Sykes Creek Pkwy S | 1.62 | 1,260 | $389,000 |
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| 2097 Hidden Grove Ln | 1.73 | 1,530 | $258,900 |
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| 2107 Hidden Grove Ln | 1.76 | 1,454 | $235,000 |
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| 160 Bounty St | 1.78 | 704 | $115,000 |
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| 2460 Courtenay Pkwy N | 2.06 | 15,428 | $2,399,900 |
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| 84 Banana River Dr S | 2.13 | 0 | $1,850,000 | |
| 160 Venetian Way | 2.19 | 18,120 | $3,199,900 |
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Local Household Income
The median household income in this part of Florida is $72,768. The bottom 10% of the population earn less than $23,880 per year. The top 10% earn more than $187,088 per year. The top 1% earn more than $641,838 per year. Most renters earn between $33,936 (20th percentile) and $61,692 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $145,536 and $181,920.
The tax assessed value of this property places it in percentile 56 of all properties in this area. This suggests it would appeal to someone earning around $82,503 per year who should qualify for a mortgage between $165,006 and $206,258.
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 $1,015. Most renters earn between $2,828 and $5,141 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $738 (20th percentile) to $1,432 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 56 of all properties in this area. This corresponds to a rent of $1,066 per month and a monthly household income of $3,914 ($46,968 per year)
Nearby Companies
445 Poi Ct