Lake County Real Estate - Minneola

Minneola is a city in Lake County, Florida in East Central Florida. It's population as recorded in the 2010 Census was 9,403. Minneola is approximately 22 miles west of  Orlando (population 238,300), 16 miles from Apopka (population 41,542) and east of Lake Minneola.  The city is a part of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area.

Much of the small town is rural, and it's status in the citrus industry has made it the namesake of the Minneola tangelo. The English translation of the town's name is "much water", named by American Indians native to the area because of it's many beautiful lakes. The late 19th century brought settlers to the town, like Henry Wilson, who planted a grove there in 1881, establishing it's place in the citrus industry.

The median age for residents of Minneola is 34.5. Around 47.1% of Minneola households include school aged children and 18.5% of households include individuals aged 65 years or over. Census records indicate 76.5% of the Minneola population are White, 11.2% are Black or African American, .6% American Indian, 2.4% Asian and 3.5% are Two or more Races. Minneola has a significant Hispanic population. 20.2% (1,908) of Minneola residents are of Hispanic or Latino origin. Of these 16.09% are of Mexican origin, 52.09% Puerto Rican, 7.02% Cuban and 24.79% are of other Hispanic or Latino origin.

There are 3,558 housing units in Minneola. 344 (9.6%) of these were reported as vacant in the 2010 Census. There are 844 residential rental units in Minneola. 756 of them were occupied in 2010 providing a residential rental vacancy rate of 10.1%.

Minneola links:

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

AddressTypeSq FtClass 
572 Summerwood Dr Single Family 3,714 B
582 Summerwood Dr Single Family 2,707 B
586 Summerwood Dr Single Family 1,846 B
568 Summerwood Dr Single Family 2,106 B
16330 Lakeshore Dr Single Family 1,845 B
590 Summer Wood Dr Single Family 2,429 B
16322 Lakeshore Dr Single Family 2,508 B
16328 Lakeshore Dr Single Family 2,141 B
566 Summerwood Dr Single Family 2,194 B
573 Summerwood Dr Single Family 1,926 B
16326 Lake Shore Drive Single Family 2,156 B
569 Summerwood Dr Single Family 2,406 B
16310 Lakeshore Dr Single Family 948 B
Lakesore Dr Vacant Residential 0 L
585 Summerwood Dr Single Family 3,186 B
562 Summerwood Dr Single Family 2,128 B
587 Summerwood Dr Single Family 2,388 B
583 Summerwood Dr Single Family 2,468 B
556 Summerwood Dr Single Family 2,062 B
555 Summerwood Dr Single Family 2,101 B
Summerwood Dr Government Undefined 0 L
16232 Lakeshore Dr Single Family 1,936 C

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 92 of all properties in this area. This suggests it would appeal to someone earning around $146,863 per year who should qualify for a mortgage between $293,726 and $367,158.

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 92 of all properties in this area. This corresponds to a rent of $1,819 per month and a monthly household income of $5,061 ($60,732 per year)

Nearby Companies

Gt Marine And Outdoors, Inc.
582 Summerwood Dr
Blumenauer Enterprises, Inc.
590 Summerwood Dr
Disclaimers and Disclosures

Public Records Data

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