4014 Azalea Way, Lady Lake Fl
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 | |
|---|---|---|---|---|
| 40122 Grays Airport Rd | Single Family | 1,188 | B |
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| 40200 Grays Airport Rd | Single Family | 1,728 | B |
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| 40200 Grays Airport Rd | Vacant Residential | 0 | L | |
| 40134 Parkinsonia St | Single Family | 1,152 | B |
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| 40110 Grays Airport Rd | Single Family | 1,344 | B |
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| 40128 Parkinsonia St | Mobile Home | 2,432 | B |
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| 40009 Palm St | Single Family | 1,118 | B |
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| 40213 Grays Airport Rd | Single Family | 1,118 | B |
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| 40212 Grays Airport Rd | Mobile Home | 1,184 | B |
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| 4041 Azalea Way | Single Family | 1,400 | B |
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| 40116 Parkinsonia St | Single Family | 1,512 | B |
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| 40102 Orange Cir | Single Family | 840 | B |
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| 40220 Grays Airport Rd | Mobile Home | 1,482 | B |
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| 40106 Orange Cir | Single Family | 1,067 | B |
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| 40044 Grays Airport Rd | Single Family | 1,002 | B |
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| 40041 Parkinsonia St | Single Family | 1,096 | B |
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| 40314 Orange Cir | Mobile Home | 2,356 | B |
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| 40108 Orange Cir | Single Family | 1,152 | B |
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| 40034 Grays Airport Rd | Single Family | 1,508 | B |
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| 40035 Parkinsonia St | Single Family | 1,352 | B |
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Local Household Income
The median household income in this part of Florida is $59,480. The bottom 10% of the population earn less than $23,412 per year. The top 10% earn more than $133,921 per year. The top 1% earn more than $386,477 per year. Most renters earn between $26,916 (20th percentile) and $46,824 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $118,960 and $148,700.
The tax assessed value of this property places it in percentile 19 of all properties in this area. This suggests it would appeal to someone earning around $31,865 per year who should qualify for a mortgage between $63,730 and $79,663.
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 $1,014. Most renters earn between $2,243 and $3,902 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $752 (20th percentile) to $1,392 (80th percentile) range. The residential vacancy rate is 12%.
This property falls in percentile 19 of all properties in this area. This corresponds to a rent of $727 per month and a monthly household income of $2,195 ($26,340 per year)
Nearby Companies
40108 Orange Cir
40215 Grays Airport Rd