5401 Grand Park Pl, Boca Raton
Palm Beach County Real Estate - Boca Raton
Boca Raton is in South East Florida. It's population as recorded in the 2010 Census was 84,392.
The median age for residents of Boca Raton is 45.4. Around 22.8% of Boca Raton households include school aged children and 33.8% of households include individuals aged 65 years or over. Census records indicate 88.4% of the Boca Raton population are White, 5.2% are Black or African American, .1% American Indian, 2.4% Asian and 1.6% are Two or more Races.
There are 44,539 housing units in Boca Raton. 7,761 (17.4%) of these were reported as vacant in the 2010 Census. Boca Raton is a tourist destination, 64% (4,973) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 12,218 residential rental units in Boca Raton. 10,963 of them were occupied in 2010 providing a residential rental vacancy rate of 9.7%.
Boca Raton links:
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Palm Beach County
Palm Beach County is part of the southeast Florida region along with Indian River, St. Lucie, Martin, Miami-Dade, Broward, and Monroe counties. Palm Beach County has 38 cities, towns and villages in total. West Palm Beach is the county's largest city and acts as the county seat. Palm Beach has a population over 1.3 million.
Palm Beach County has many wealthy towns such as Palm Beach, Boca Raton, and Jupiter, as well as a large equestrian population making it one of Florida's wealthiest counties. As a result, real estate prices are comparatively higher in Palm Beach County than most other counties in Florida.
Palm Beach County's major private sector employers are Tenet Healthcare Corporation, Hospital Corporation of America, Florida Power & Light, The Breakers, and Office Depot. Top public sector employers are Palm Beach County School Board, Palm Beach County, Florida Atlantic University, and Boca Raton Community Hospital. Palm Beach County considers agribusiness; aviation, aerospace, and engineering; equestrian; healthcare; green energy; and corporate headquarters to be among its main industries.
Boca Raton is in southern Palm Beach County and is known as the birthplace of the IBM personal computer. It still hosts a large research park focused on technological innovation. The city hosts the headquarters for Office Depot and GEO Group. Florida Atlantic University and Lynn University are both located in Boca Raton.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 5399 Grand Park Pl | Single Family | 1,930 | B |
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| 5397 Grand Park Pl | Single Family | 1,930 | B |
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| 5405 Grand Park Pl | Single Family | 2,141 | B |
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| 5395 Grand Park Pl | Single Family | 2,141 | B |
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| 5407 Grand Park Pl | Single Family | 1,930 | B |
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| 5409 Grand Park Pl | Single Family | 1,930 | B |
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| 5391 Grand Park Pl | Single Family | 2,141 | B |
|
| 5411 Grand Park Pl | Single Family | 1,930 | B |
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| 5389 Grand Park Pl | Single Family | 1,930 | B |
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| 5394 Grand Park Pl | Single Family | 2,141 | B |
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| 5413 Grand Park Pl | Single Family | 1,930 | B |
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| 5392 Grand Park Pl | Single Family | 1,930 | B |
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| 5387 Grand Park Pl | Single Family | 1,930 | B |
|
| 5275 Park Place Cir | Single Family | 1,493 | B |
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| 5390 Grand Park Pl | Single Family | 1,930 | B |
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| 5415 Grand Park Pl | Single Family | 2,141 | B |
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| 5385 Grand Park Pl | Single Family | 1,930 | B |
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| 5410 Grand Park Pl | Single Family | 2,141 | B |
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| 5388 Grand Park Pl | Single Family | 1,930 | B |
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| 5412 Grand Park Pl | Single Family | 1,930 | B |
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| 5279 Park Place Cir | Single Family | 2,355 | B |
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| 5383 Grand Park Pl | Single Family | 1,930 | B |
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| 5386 Grand Park Pl | Single Family | 1,930 | B |
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| 5419 Grand Park Pl | Single Family | 2,141 | B |
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| 5274 Park Place Cir | Single Family | 1,953 | B |
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| 5414 Grand Park Pl | Single Family | 1,930 | B |
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| 5381 Grand Park Pl | Single Family | 1,930 | B |
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| 5384 Grand Park Pl | Single Family | 2,141 | B |
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| 5416 Grand Park Pl | Single Family | 1,930 | B |
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| 5421 Grand Park Pl | Single Family | 1,930 | B |
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| 5278 Park Place Cir | Single Family | 1,953 | B |
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| 5283 Park Place Cir | Single Family | 2,355 | B |
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| 5379 Grand Park Pl | Single Family | 1,930 | B |
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| 5418 Grand Park Pl | Single Family | 1,930 | B |
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| 5423 Grand Park Pl | Single Family | 1,930 | B |
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| 5420 Grand Park Pl | Single Family | 1,930 | B |
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| 5282 Park Place Cir | Single Family | 2,355 | B |
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| 5377 Grand Park Pl | Single Family | 2,141 | B |
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| 5362 Park Place Cir | Single Family | 1,946 | B |
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| 5482 Grand Park Pl | Single Family | 2,141 | B |
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| 5425 Grand Park Pl | Single Family | 1,930 | B |
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| 5480 Grand Park Pl | Single Family | 1,930 | B |
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| 5422 Grand Park Pl | Single Family | 1,930 | B |
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| 5466 Grand Park Pl | Single Family | 2,141 | B |
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| 5358 Park Place Cir | Single Family | 2,355 | B |
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| 5287 Park Place Cir | Single Family | 1,498 | B |
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| 5464 Grand Park Pl | Single Family | 1,930 | B |
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| 5478 Grand Park Pl | Single Family | 1,930 | B |
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| 21300 Lennox Dr | Undefined - Reserved for Use by Department of Revenue | 1,745 | B |
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Local Household Income
The median household income in this part of Florida is $95,812. The bottom 10% of the population earn less than $27,707 per year. The top 10% earn more than $356,660 per year. The top 1% earn more than $682,110 per year. Most renters earn between $39,432 (20th percentile) and $73,884 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $191,624 and $239,530.
The tax assessed value of this property places it in percentile 25 of all properties in this area. This suggests it would appeal to someone earning around $51,141 per year who should qualify for a mortgage between $102,282 and $127,853.
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 $1,432. Most renters earn between $3,286 and $6,157 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $1,042 (20th percentile) to $2,015 (80th percentile) range. The residential vacancy rate is 5%.
This property falls in percentile 25 of all properties in this area. This corresponds to a rent of $1,089 per month and a monthly household income of $3,533 ($42,396 per year)
Nearby Companies
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5287 Buckhead Cir
5305 Buckhead Cir
5461 Grand Park Pl
5453 Grand Park Pl
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11111 Grand Park Ave
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