11516 Pala Verda Ave, Leesburg Fl
Lake County Real Estate - Grand Island
Grand Island is in East Central Florida. Grand Island is approximately 17 miles from The Villages (population 51,442) and around 19 miles from Apopka (population 41,542).
Grand Island 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 | |
|---|---|---|---|---|
| 11524 Pala Verda Ave | Single Family | 1,410 | B |
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| 11508 Pala Verda Ave | Single Family | 840 | B |
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| 34019 Sunland Ave | Single Family | 780 | B |
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| 11500 Pala Verda Ave | Single Family | 780 | B |
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| 11519 Pala Verda Ave | Single Family | 1,780 | B |
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| 11536 Pala Verda Ave | Single Family | 960 | B |
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| 11535 Pala Verda Ave | Single Family | 624 | B |
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| 11451 Pala Verda Ave | Single Family | 1,800 | B |
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| 11536 Rancho Dr | Single Family | 624 | B |
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| 11545 Pala Verda Ave | Single Family | 906 | B |
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| 11600 Rancho Dr | Mobile Home | 1,440 | B |
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| 34045 Portland Ave | Single Family | 1,584 | B |
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| 11534 Fairmont Ave | Mobile Home | 600 | B |
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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 2 of all properties in this area. This suggests it would appeal to someone earning around $7,657 per year who should qualify for a mortgage between $15,314 and $19,143.
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 2 of all properties in this area. This corresponds to a rent of $218 per month and a monthly household income of $1,173 ($14,076 per year)
Nearby Companies
11516 Pala Verda Ave