58 Colonial Dr, Cocoa Beach
Brevard County Real Estate - Cocoa Beach
Cocoa Beach is in East Central Florida. It's population as recorded in the 2010 Census was 11,231. Cocoa Beach is approximately 49 miles from Orlando (population 238,300) and around 20 miles from Palm Bay (population 103,190).
The median age for residents of Cocoa Beach is 55.7. Around 13.5% of Cocoa Beach households include school aged children and 46.2% of households include individuals aged 65 years or over. Census records indicate 95.6% of the Cocoa Beach population are White, .7% are Black or African American, .3% American Indian, 1.5% Asian and 1.1% are Two or more Races.
There are 8,866 housing units in Cocoa Beach. 2,881 (32.4%) of these were reported as vacant in the 2010 Census. Cocoa Beach is a tourist destination, 69.3% (1,999) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,276 residential rental units in Cocoa Beach. 1,760 of them were occupied in 2010 providing a residential rental vacancy rate of 21.4%.
Cocoa Beach links:
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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 | |
|---|---|---|---|---|
| 56 Colonial Dr | Single Family | 1,479 | B |
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| 60 Colonial Dr | Single Family | 1,562 | B |
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| 54 Colonial Dr | Single Family | 1,479 | B |
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| 332 Second St S | Single Family | 1,526 | B |
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| 239 Corona Ave | Single Family | 3,421 | B |
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| 326 Second St S | Single Family | 1,520 | B |
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| 52 Colonial Dr | Single Family | 1,562 | B |
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| 332 Second St S | Single Family | 0 | L | |
| 320 Second St S | Single Family | 1,572 | B |
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| 69 Colonial Dr | Single Family | 2,892 | B |
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| 50 Colonial Dr | Single Family | 1,450 | B |
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| 29 Colonial Dr | Single Family | 2,200 | B |
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| 241 Corona Ave | Single Family | 1,933 | B |
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| 314 Second St S | Single Family | 1,572 | B |
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| 48 Colonial Dr | Single Family | 1,522 | B |
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| 27 Colonial Dr | Single Family | 1,991 | B |
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| 308 Second St S | Single Family | 1,510 | B |
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| 46 Colonial Dr | Single Family | 1,522 | B |
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| 242 Corona Ave | Single Family | 1,929 | B |
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| 243 Corona Ave | Single Family | 1,847 | B |
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| 123 Sunset Dr | Single Family | 2,469 | B |
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| 308 Second St S | Single Family | 0 | L | |
| 302 Second St S | Single Family | 1,496 | B |
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| 23 Colonial Dr | Single Family | 1,698 | B |
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| 203 Rose Dr | Single Family | 1,974 | B |
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| 205 Rose Dr | Single Family | 1,852 | B |
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| 44 Colonial Dr | Single Family | 1,522 | B |
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| 207 Rose Dr | Single Family | 1,968 | B |
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| 42 Colonial Dr | Single Family | 1,450 | B |
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| 245 Corona Ave | Single Family | 2,042 | B |
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| 252 Corona Ave | Single Family | 2,181 | B |
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| 206 Brevard Ave S | Single Family | 1,465 | B |
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| 212 Brevard Ave S | Single Family | 1,465 | B |
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| 200 Brevard Ave S | Single Family | 1,594 | B |
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| 21 Colonial Dr | Single Family | 2,302 | B |
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| 209 Rose Dr | Single Family | 1,941 | B |
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| 218 Brevard Ave S | Single Family | 1,465 | B |
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| 121 Sunset Dr | Single Family | 1,620 | C |
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| 122 Sunset Dr | Single Family | 1,654 | B |
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| 224 Brevard Ave S | Single Family | 1,594 | B |
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| 40 Colonial Dr | Single Family | 1,562 | B |
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| 230 Brevard Ave S | Single Family | 1,472 | B |
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| 236 Brevard Ave S | Single Family | 1,472 | B |
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| 255 Corona Ave | Single Family | 1,847 | B |
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| 125 Aucila Rd | Single Family | 2,024 | C |
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| 211 Rose Dr | Single Family | 2,130 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 315 Minutemen Cswy | .29 | 3,200 | $1,250,000 |
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| 174 Orlando Ave N | .52 | 2,133 | $775,000 |
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| 171 Atlantic Ave N | .53 | 0 | $396,000 | |
| 673 Orlando Ave S | .59 | 1,506 | $649,000 |
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| 681 Orlando Ave S | .6 | 2,316 | $850,000 |
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| 650 Atlantic Ave N | .91 | 2,942 | $999,999 |
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| 750 Atlantic Ave N | .98 | 2,343 | $910,000 |
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| 1470 Bay Shore Dr | 1.56 | 2,484 | $1,600,000 |
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| 1801 Orlando Ave S | 1.83 | 6,409 | $2,350,500 |
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| 1830 Atlantic Ave N | 1.86 | 1,256 | $499,000 |
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| 2020 Atlantic Ave N | 1.93 | 816 | $264,000 |
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| 161 Saint Croix Ave | 2.14 | 0 | $975,000 | |
| 275 Andros Ave | 2.17 | 0 | $995,000 | |
| 119 Sunny Ln | 2.29 | 1,616 | $950,000 |
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| 1980 Harbor Point Dr | 2.89 | 2,240 | $945,000 |
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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 33 of all properties in this area. This suggests it would appeal to someone earning around $51,887 per year who should qualify for a mortgage between $103,774 and $129,718.
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 33 of all properties in this area. This corresponds to a rent of $844 per month and a monthly household income of $3,262 ($39,144 per year)
Nearby Companies
249 S Brevard Ave
48 Colonial Dr
54 Colonial Dr
217 S Brevard Ave
69 Colonial Dr
203 Rose Dr
195 Brevard Ave