7058 Red Bay Ct, Melbourne
Brevard County Real Estate - Rockledge
Rockledge is in East Central Florida. It's population as recorded in the 2010 Census was 24,926. Rockledge is approximately 42 miles from Orlando (population 238,300) and around 21 miles from Palm Bay (population 103,190).
The median age for residents of Rockledge is 44.2. Around 29.3% of Rockledge households include school aged children and 29.9% of households include individuals aged 65 years or over. Census records indicate 78.6% of the Rockledge population are White, 14.4% are Black or African American, .3% American Indian, 2.4% Asian and 2.6% are Two or more Races.
There are 11,240 housing units in Rockledge. 1,016 (9%) of these were reported as vacant in the 2010 Census. There are 2,464 residential rental units in Rockledge. 2,200 of them were occupied in 2010 providing a residential rental vacancy rate of 10.6%.
Rockledge 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 | |
|---|---|---|---|---|
| 7060 Red Bay Ct | Single Family | 1,613 | B |
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| 7056 Red Bay Ct | Single Family | 1,565 | B |
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| 7062 Red Bay Ct | Single Family | 1,560 | B |
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| 7054 Red Bay Ct | Single Family | 1,560 | B |
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| 7097 Bracken Ln | Single Family | 1,565 | B |
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| 7099 Bracken Ln | Single Family | 1,224 | B |
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| 8001 Bracken Ln | Single Family | 1,558 | B |
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| 7095 Bracken Ln | Single Family | 1,364 | B |
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| 7064 Red Bay Ct | Single Family | 1,154 | B |
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| 7052 Red Bay Ct | Single Family | 1,218 | B |
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| 1737 Morning Glory Dr | Single Family | 1,882 | B |
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| 8003 Bracken Ln | Single Family | 1,809 | B |
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| 1738 Morning Glory Dr | Single Family | 1,462 | B |
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| 7093 Bracken Ln | Single Family | 1,743 | B |
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| 7066 Red Bay Ct | Single Family | 1,575 | B |
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| 8005 Bracken Ln | Single Family | 1,364 | B |
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| 7050 Red Bay Ct | Single Family | 1,154 | B |
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| 7065 Red Bay Ct | Single Family | 1,618 | B |
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| 1735 Morning Glory Dr | Single Family | 1,364 | B |
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| 7091 Bracken Ln | Single Family | 1,598 | B |
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| 1736 Morning Glory Dr | Single Family | 1,230 | B |
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| 6973 Hammock Trace Dr | Single Family | 1,364 | B |
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| 7067 Red Bay Ct | Single Family | 1,364 | B |
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| 7068 Red Bay Ct | Single Family | 1,565 | B |
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| 8007 Bracken Ln | Single Family | 1,668 | B |
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| 1733 Morning Glory Dr | Single Family | 1,398 | B |
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| 7096 Bracken Ln | Single Family | 1,564 | B |
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| 7098 Bracken Ln | Single Family | 1,652 | B |
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| 1734 Morning Glory Dr | Single Family | 1,560 | B |
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| 8002 Bracken Ln | Single Family | 1,902 | B |
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| 6975 Hammock Trace Dr | Single Family | 1,635 | B |
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| 7069 Red Bay Ct | Single Family | 1,364 | B |
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| 8009 Bracken Ln | Single Family | 1,404 | B |
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| 7070 Red Bay Ct | Single Family | 1,612 | B |
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| 8004 Bracken Ln | Single Family | 1,586 | B |
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| 1731 Morning Glory Dr | Single Family | 1,560 | B |
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| 7092 Bracken Ln | Single Family | 1,586 | B |
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| 6977 Hammock Trace Dr | Single Family | 1,893 | B |
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| 1732 Morning Glory Dr | Single Family | 1,366 | B |
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| 8006 Bracken Ln | Single Family | 1,364 | B |
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| 7071 Red Bay Ct | Single Family | 1,635 | B |
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| 8011 Bracken Ln | Single Family | 1,396 | B |
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| 6968 Hammock Trace Dr | Single Family | 1,647 | B |
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| 6966 Hammock Trace Dr | Single Family | 1,362 | B |
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| 7072 Red Bay Ct | Single Family | 1,364 | B |
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| 6970 Hammock Trace Dr | Single Family | 1,563 | B |
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| 1729 Morning Glory Dr | Single Family | 1,612 | B |
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| 6964 Hammock Trace Dr | Single Family | 1,168 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 1208 Continental Ave | 1.05 | 2,058 | $369,900 |
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| 6451 Borasco Dr | 1.05 | 794 | $197,999 |
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| 7777 Wickham Rd N | 1.21 | 86,327 | $90,000 |
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| 727 Spring Lake Dr | 1.96 | 2,373 | $590,000 |
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| 1790 Independence Ave | 1.97 | 0 | $85,000 | |
| 798 Spanish Cove Dr | 2.06 | 2,196 | $624,900 |
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| 816 Spanish Cove Dr | 2.07 | 2,185 | $699,900 |
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| 1394 Alto Vista Dr | 2.12 | 0 | $895,000 | |
| 3514 Gurrero Dr | 2.14 | 1,859 | $479,000 |
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| 7285 Waelti Dr | 2.24 | 5,600 | $18,250,000 |
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| 743 Pine Island Dr | 2.36 | 1,170 | $335,000 |
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| 6005 Highway 1 S | 2.37 | 2,138 | $701,000 |
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| 940 Wimbledon Dr | 2.4 | 1,628 | $519,900 |
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| 513 Topsail Dr | 2.48 | 0 | $994,900 | |
| 523 Bosun Ct | 2.5 | 0 | $249,000 | |
Local Household Income
The median household income in this part of Florida is $62,468. The bottom 10% of the population earn less than $20,497 per year. The top 10% earn more than $145,332 per year. The top 1% earn more than $390,929 per year. Most renters earn between $28,824 (20th percentile) and $50,820 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $124,936 and $156,170.
The tax assessed value of this property places it in percentile 72 of all properties in this area. This suggests it would appeal to someone earning around $94,735 per year who should qualify for a mortgage between $189,470 and $236,838.
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 $871. Most renters earn between $2,402 and $4,235 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $635 (20th percentile) to $1,227 (80th percentile) range. The residential vacancy rate is 10%.
This property falls in percentile 72 of all properties in this area. This corresponds to a rent of $1,113 per month and a monthly household income of $3,936 ($47,232 per year)
Nearby Companies
7052 Red Bay Ct
7091 Bracken Ln