Miami-Dade County Real Estate - Miami Beach

Miami Beach is a resort city located on a series of barrier islands located between Biscayne Bay and the Atlantic Ocean.  The city's main economic driver is tourism and it has a population of approximately 88,000.  The city's origins lie in the 1870 purchase of the land by Henry and Charles Lum.  The land was purchased for 25 cents an acre and its development continued in the following decades with the planting of coconut, avocado, and various other fruit plantations.  Chartered in March 1915, Miami Beach became a city in 1917.

Miami Beach exists in four different zip codes 33139, 33140, and 33141.  The main three neighborhoods in Miami Beach are South Beach, Mid Beach, and North Beach.  South Beach covers most of the 33139 zip code, Mid-Beach exists in both 33140 and parts of 33139, and North beach covers both the 33140 and 33141 zip codes.

South beach is the biggest and most populous neighborhood in Miami beach.  It has a population of approximately 39,000.  South Beach is known for its status as a popular entertainment destination, as it is home to many upmarket restaurants, hotels, and nightclubs.  South Beach's major thoroughfare, Ocean Drive, is the center of the famous Miami Art Deco district.  The road starts at Miami Beach's southernmost point, South Pointe Park, and runs north through the city stopping at 15th street.

Mid-Beach is Miami Beach's smallest and least populous section, home to about 10,000 people.  The area is mostly residential, and its most notable neighborhoods include Oceanfront, Bayshore, and Nautilus.  Mid-Beach is known for being home to a series of high-end houses known as millionaire's row.

The northernmost section of Miami Beach, North Beach, is home to approximately 28,000 residents.  North Beach's most populous neighborhood, Isles of Normandy, is located on the eastern shore of Biscayne Bay.  It has a population of approximately 9,000.  Other neighborhoods located in this section of the city include Biscayne Pointe and La Gorce.

Miami Beach is among the fastest growing cities in the US.  Its location and residents have created a subculture unique to Miami Beach and distinct from that of Miami.  Spanish is a first language for more than half of Miami Beach's citizens, as 53% of the city's population is made up of Latin American immigrants and their descendants.  Non-hispanic caucasians account for about 40% of the population and the remaining 7% of the population is made up of African and Aisian Americans, as well as mixed raced citizens.

Miami Beach is in South East Florida. It's population as recorded in the 2010 Census was 87,779.

The median age for residents of Miami Beach is 40.3. Around 14.9% of Miami Beach households include school aged children and 23.4% of households include individuals aged 65 years or over. Census records indicate 87.3% of the Miami Beach population are White, 4.3% are Black or African American, .2% American Indian, 1.8% Asian and 2.6% are Two or more Races. Miami Beach has a significant Hispanic population. 53% (46,564) of Miami Beach residents are of Hispanic or Latino origin. Of these 3.32% are of Mexican origin, 6.96% Puerto Rican, 37.79% Cuban and 51.91% are of other Hispanic or Latino origin.

There are 67,499 housing units in Miami Beach. 20,331 (30.1%) of these were reported as vacant in the 2010 Census. Miami Beach is a tourist destination, 58.9% (11,988) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 33,960 residential rental units in Miami Beach. 28,974 of them were occupied in 2010 providing a residential rental vacancy rate of 14%.

Miami Beach links:

Miami-Dade County

Miami-Dade County is part of the southeast Florida region along with Indian River, St. Lucie, Martin, Palm Beach, Broward, and Monroe counties. Miami Dade County has 35 cities and incorporates many different geographical areas. The north, central, and east regions are heavily urbanized, with many large skyscrapers and a dense population. The southern region of Miami-Dade County is sparsely populated and is the heart of Miami-Dade's agricultural economy. The western region of the county includes the Everglades National Park and is inhabited only by a tribal village. The county is home to around 2.5 million people, making it the most populous in Florida and number seven in the country.

Major industries for this county are tourism, international trade, international banking, and transportation. Top public employers are Miami-Dade County Public Schools, Miami-Dade County, the Federal Government, Florida State Government, and Jackson Health Systems. Major private employers include the University of Miami, Baptist Health South Florida, Publix Supermarkets, American Airlines, and Precision Response Corporation.

The county's seat and largest city is Miami. Miami's close proximity to Latin America and the Caribbean makes it the center for international trade with those areas. The city?s population is 70% Hispanic. The concentration of Latin American businesses and international banks in the city has given it the nickname ?Capital of Latin America?. PortMiami acts as one of the largest cruise spots in the world. Miami International Airport is one of the busiest ports of entry for foreign travelers and handles the most international air cargo of any airport in the country.

Miami-Dade is also a major tourist destination, especially in the city of Miami Beach. The historic 1920s Art Deco hotels on Ocean Drive are well-known landmarks, many of which have historic designations. Visitors enjoy the warm weather, sandy beaches, and nightlife of South Beach. It is also a major convention destination. The annual Art Basel Miami and its satellite fairs bring the foremost art collectors to South Beach and the Miami neighborhood of Wynwood.

Miami-Dade County is home to numerous large universities including the private University of Miami, public Florida International University, and Catholic Barry University. The county is also home to historically-black Florida Memorial University and Miami Dade College, the second-largest public university in the nation by enrollment. The Miami-Dade County Public School System is the fifth-largest in the nation.

Neighboring Properties

AddressTypeSq FtClass 
1016 71 St R-107 Condominium 1,055 B
1016 71 St 204 Condominium 1,017 B
1016 71 St 203 Condominium 944 B
1016 71 St 202 Condominium 603 B
1016 71 St 201 Condominium 845 B
1016 71 St 107 Condominium 712 B
1016 71 St 106 Condominium 703 B
1016 71 St 206 Condominium 703 B
1016 71 St R-101 Condominium 1,021 B
1016 71 St R-102 Condominium 840 B
1016 71 St R-103 Condominium 1,120 B
1016 71 St R-104 Condominium 790 B
1016 71 St Vacant Residential 0 L
1016 71 St R-108 Condominium 462 B
1016 71 St 205 Condominium 962 B
1016 71 St R-106 Condominium 1,098 B
1016 71 St R-105 Condominium 866 B
1025 71 St Office building, non-professional service building, one story 1,955 B
1008 71 St Office building, non-professional service building, one story 2,015 B
1000 71 St Store, one story 2,495 B
940 71 St Store, one story 5,313 B
1047 71 St Municipal Owned 1 B
932 71 St Store, one story 1,873 B
1030 71 St Multi-family - less than 10 units 5,488 B
946 Normandy Dr Store, one story 8,713 B
928 71 St Restaurant, cafeteria 2,313 B
6960 Rue Vendome Multi-family - 10 units or more 25,441 B
924 71 St Store, one story 1,722 B
1053 71 St Vacant Commercial 0 L
1040 71 St Store, one story 7,492 B
6955 Rue Vendome Multi-family - less than 10 units 3,294 B
916 71 St Store, one story 2,948 B
1140 71 St 3 Condominium 465 B
1140 71 St 1 Condominium 625 B
1140 71 St 2 Condominium 478 B
1140 71 St 4 Condominium 625 B
1140 71 St 5 Condominium 625 B
1140 71 St 6 Condominium 478 B
1140 71 St 7 Condominium 465 B
1140 71 St 8 Condominium 625 B
6946 Rue Vendome Multi-family - less than 10 units 2,559 B
1101 71 St Financial institution (bank, saving and loan company, mortgage company, credit services) 776 B
1096 Normandy Dr Store, one story 5,173 B
912 71 St Restaurant, cafeteria 2,917 B
6940 Rue Vendome 6 Condominium 705 B
6941 Rue Vendome 12 Condominium 705 B
6945 Rue Vendome Multi-family - less than 10 units 2,864 B

Local Household Income

The median household income in this part of Florida is $51,244. The bottom 10% of the population earn less than $14,115 per year. The top 10% earn more than $176,321 per year. The top 1% earn more than $695,784 per year. Most renters earn between $28,044 (20th percentile) and $55,728 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $102,488 and $128,110.

The tax assessed value of this property places it in percentile 10 of all properties in this area. This suggests it would appeal to someone earning around $14,115 per year who should qualify for a mortgage between $28,230 and $35,288.

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 $1,035. Most renters earn between $2,337 and $4,644 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $717 (20th percentile) to $1,527 (80th percentile) range. The residential vacancy rate is 7%.

This property falls in percentile 10 of all properties in this area. This corresponds to a rent of $452 per month and a monthly household income of $1,872 ($22,464 per year)

Nearby Companies

Romavi International Corp.
7130 Rue Versailles
Ansa Group LLC
7130 Rue Versailles
Easy Cash, Inc.
950 Normandy Dr
Square Pizza Rustic, Inc
966 Normandy Dr
Rcjt Food Corp.
969 Normandy Dr
Ocean 18 Loft, Inc
924 Marseille Dr
Cet Store LLC
918 71st St
Truck Lease Cargo LLC
7125 Bay Dr
Agusmili LLC
7125 Bay Dr
305 Bay Drive, LLC
7125 Bay Dr
Balance International Trade, Inc.
7125 Bay Drive East
Cefra, Inc.
905 Normandy Dr
Miami Beach Fade Masters Corp
6972 Bay Drive East
A R I Co
1123 71st St
Riosun, LLC
1137 71st St
Om Sai Ii, Inc
1118 Normandy Dr
Mo Builders & Co. LLC
1112 Normandy Dr
Midasstattoo Corp
1112 Normandy Dr
1130 Normandy Holdings LLC
1130 Normandy Dr
Bga Insurance Corp
1108 Normandy Dr
Taste Buds Of India Iii Inc
946 Normandy Dr
Gold Creative Group Corp.
1096 Normandy Dr
Cachita Cuban Cuisine, Corp.
1116 Normandy Dr
J & Y Behavior Solutions Inc
1106 Normandy Dr
Anmah Inc.
1016 71st St
Signature Metals LLC.
1016 - 71 Street
3points, Inc.
6955 Rue Vendome
Bodegon71 LLC
1014 71 St
Abbott Florist, L.L.C.
1008 71st St
Miami Live, LLC
912 71st St
Club Lavish LLC
912 71st St
Page Restaurant, LLC.
912 71st St
Miami Shops.LLC
936 71 St
Lolarossa Inc.
928 71 Street
Nautico 512 LLC
6937 Bay Dr
Costa Gourmet, LLC
6930 Rue Vendome
Mb Foods Inc.
6921 Rue Vendome
Las Brisas Leal, LLC
6929 Rue Vendome
Pagio'S Tax Services, LLC
1040 71st Street Ste 103
Kakao Energy LLC
1040 71 St
Masflowers, LLC
6913 Rue Vendome
Disclaimers and Disclosures

Public Records Data

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