424 Red Sail Way, Satellite Beach
Brevard County Real Estate - Satellite Beach
Satellite Beach is in East Central Florida. It's population as recorded in the 2010 Census was 10,109. Satellite Beach is approximately 54 miles from Orlando (population 238,300) and around 10 miles from Palm Bay (population 103,190).
The median age for residents of Satellite Beach is 46.4. Around 28.2% of Satellite Beach households include school aged children and 33.7% of households include individuals aged 65 years or over. Census records indicate 92.9% of the Satellite Beach population are White, 1.9% are Black or African American, .2% American Indian, 1.7% Asian and 2.2% are Two or more Races.
There are 4,953 housing units in Satellite Beach. 670 (13.5%) of these were reported as vacant in the 2010 Census. Satellite Beach is a tourist destination, 43.7% (293) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,233 residential rental units in Satellite Beach. 1,028 of them were occupied in 2010 providing a residential rental vacancy rate of 14.8%.
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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 | |
|---|---|---|---|---|
| 428 Red Sail Way | Single Family | 2,115 | B |
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| 420 Red Sail Way | Single Family | 2,277 | B |
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| 423 Lighthouse Landing St | Single Family | 1,572 | B |
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| 419 Lighthouse Landing St | Single Family | 2,076 | B |
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| 432 Red Sail Way | Single Family | 2,316 | B |
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| 416 Red Sail Way | Single Family | 2,314 | B |
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| 427 Lighthouse Landing St | Single Family | 1,484 | B |
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| 417 Lighthouse Landing St | Single Family | 1,420 | B |
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| 425 Red Sail Way | Single Family | 2,142 | B |
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| 421 Red Sail Way | Single Family | 2,200 | B |
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| 429 Red Sail Way | Single Family | 3,408 | B |
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| 424 Lighthouse Landing St | Single Family | 1,912 | B |
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| 417 Red Sail Way | Single Family | 2,728 | B |
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| 431 Lighthouse Landing St | Single Family | 1,808 | B |
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| 436 Red Sail Way | Single Family | 1,868 | B |
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| 412 Red Sail Way | Single Family | 2,662 | B |
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| 413 Lighthouse Landing St | Single Family | 2,231 | B |
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| 416 Lighthouse Landing St | Single Family | 1,698 | B |
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| 428 Lighthouse Landing St | Single Family | 1,716 | B |
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| 433 Red Sail Way | Single Family | 2,275 | B |
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| 413 Red Sail Way | Single Family | 2,277 | B |
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| 412 Lighthouse Landing St | Single Family | 1,866 | B |
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| 435 Lighthouse Landing St | Single Family | 2,032 | B |
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| 440 Red Sail Way | Single Family | 2,360 | B |
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| 424 Penguin Dr | Single Family | 1,400 | C |
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| 408 Red Sail Way | Single Family | 2,241 | B |
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| 409 Lighthouse Landing St | Single Family | 1,650 | B |
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| 432 Lighthouse Landing St | Single Family | 2,062 | B |
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| 428 Penguin Dr | Single Family | 1,735 | C |
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| 420 Penguin Dr | Single Family | 1,769 | B |
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| 437 Red Sail Way | Single Family | 2,302 | B |
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| 409 Red Sail Way | Single Family | 2,769 | B |
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| 432 Penguin Dr | Single Family | 1,856 | C |
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| 416 Penguin Dr | Single Family | 1,377 | C |
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| 408 Lighthouse Landing St | Single Family | 2,393 | B |
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| 436 Penguin Dr | Single Family | 1,377 | C |
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| 420 Green Turtle Cv | Single Family | 2,258 | B |
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| 436 Lighthouse Landing St | Single Family | 1,845 | B |
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| 444 Red Sail Way | Single Family | 2,281 | B |
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| 439 Lighthouse Landing St | Single Family | 2,134 | B |
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| 412 Penguin Dr | Single Family | 1,754 | B |
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| 441 Red Sail Way | Single Family | 2,733 | B |
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| 404 Red Sail Way | Single Family | 2,028 | B |
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| 405 Lighthouse Landing St | Single Family | 2,125 | B |
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| 440 Penguin Dr | Single Family | 1,278 | C |
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| 408 Penguin Dr | Single Family | 1,341 | C |
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| 404 Lighthouse Landing St | Single Family | 1,514 | B |
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| 430 Green Turtle Cv | Single Family | 2,321 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 349 West Arlington St | .31 | 1,594 | $599,900 |
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| 437 Blue Jay Ln | .35 | 1,209 | $379,000 |
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| 412 Dove Ln | .41 | 1,668 | $314,495 |
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| 165 Churchill Ave | .51 | 1,300 | $460,000 |
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| 125 Third St Se | .55 | 1,282 | $399,900 |
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| 625 Mission Bay Dr | .57 | 3,289 | $749,900 |
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| 129 Third St Ne | .72 | 912 | $449,982 |
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| 101 Third St Ne | .81 | 2,625 | $1,950,000 |
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| 10060 Tropical Trl S | 2.05 | 2,364 | $2,950,000 |
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| 10060 Tropical Trl S | 2.05 | 2,364 | $2,950,000 |
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| 1246 Highway A1a | 2.13 | 2,412 | $1,285,000 |
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| 7890 Tropical Trl S | 2.18 | 3,408 | $1,750,000 |
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| 10210 Tropical Trl S | 2.24 | 4,691 | $4,700,000 |
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| 5120 Highway 1 N | 3.09 | 0 | $2,750,000 | |
| 1616 Highway A1a | 3.1 | 1,620 | $759,000 |
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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 68 of all properties in this area. This suggests it would appeal to someone earning around $105,250 per year who should qualify for a mortgage between $210,500 and $263,125.
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 68 of all properties in this area. This corresponds to a rent of $1,209 per month and a monthly household income of $4,514 ($54,168 per year)
Nearby Companies
444 Red Sail Way
437 Red Sail Way
433 Red Sail Way
431 Lighthouse Landing St
428 Lighthouse Landing St
429 Red Sail Way
424 Penguin Dr
2640 Enterprise Rd E
416 Penguin Dr
417 Red Sail Way
6563 Rosecliff Dr
6563 Rosecliff Dr
430 Green Turtle Cv