559 Coconut St, 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 | |
|---|---|---|---|---|
| 555 Coconut St | Single Family | 1,571 | B |
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| 569 Coconut St | Single Family | 1,546 | B |
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| 549 Coconut St | Single Family | 1,679 | B |
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| 560 Coconut St | Single Family | 1,619 | B |
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| 552 Majorca Ct | Single Family | 2,062 | B |
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| 550 Coconut St | Single Family | 1,708 | B |
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| 566 Coconut St | Single Family | 1,602 | B |
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| 1550 Highway A1a | Restaurant, cafeteria | 7,124 | B |
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| 548 Majorca Ct | Single Family | 1,993 | B |
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| 105 Elm Ave | Single Family | 1,720 | B |
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| 554 Majorca Ct | Single Family | 1,901 | B |
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| 570 Coconut St | Single Family | 1,804 | B |
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| 575 Coconut St | Single Family | 1,629 | B |
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| 547 Coconut St | Single Family | 1,953 | B |
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| 546 Majorca Ct | Single Family | 1,961 | B |
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| 556 Majorca Ct | Single Family | 2,044 | B |
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| 557 Verbenia Ct | Single Family | 1,567 | B |
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| 563 Verbenia Ct | Single Family | 2,062 | B |
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| 115 Elm Ave | Single Family | 1,915 | B |
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| 542 Majorca Ct | Single Family | 1,749 | B |
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| 576 Coconut St | Single Family | 1,772 | B |
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| 558 Majorca Ct | Single Family | 2,222 | B |
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| 569 Verbenia Ct | Single Family | 1,471 | B |
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| 579 Coconut St | Single Family | 1,780 | B |
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| 545 Coconut St | Single Family | 1,346 | B |
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| 540 Majorca Ct | Single Family | 2,074 | B |
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| 546 Coconut St | Single Family | 1,836 | B |
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| 555 Majorca Ct | Single Family | 1,390 | B |
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| 125 Elm Ave | Single Family | 1,900 | B |
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| 575 Verbenia Ct | Single Family | 1,657 | B |
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| 580 Coconut St | Single Family | 1,669 | B |
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| 536 Majorca Ct | Single Family | 1,918 | B |
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| 556 Verbenia Ct | Single Family | 1,561 | B |
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| 557 Majorca Ct | Single Family | 1,402 | B |
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| 559 Majorca Ct | Single Family | 1,360 | B |
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| 585 Coconut St | Single Family | 1,722 | B |
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| 543 Coconut St | Single Family | 1,676 | B |
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| 549 Royal Palm Blvd | Single Family | 1,848 | B |
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| 534 Majorca Ct | Single Family | 1,960 | B |
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| 581 Verbenia Ct | Single Family | 2,223 | B |
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| 535 Majorca Ct | Single Family | 1,624 | B |
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| 544 Coconut St | Single Family | 2,529 | B |
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| 135 Elm Ave | Single Family | 1,276 | B |
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| 586 Coconut St | Single Family | 1,647 | B |
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| 110 Desoto Pkwy | Condominium | 955 | B |
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| 110 Desoto Pkwy | Condominium | 955 | B |
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| 568 Verbenia Ct | Single Family | 1,878 | B |
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| 1586 Highway A1a | Mixed use - store and office or store and residential or residential combination | 5,600 | B |
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| 1588 Highway A1a | Mixed use - store and office or store and residential or residential combination | 5,600 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 1616 Highway A1a | .2 | 1,620 | $759,000 |
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| 1665 Highway A1a | .33 | 3,524 | $4,100,000 |
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| 1246 Highway A1a | .81 | 2,412 | $1,285,000 |
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| 2040 Highway A1a | 1.39 | 800 | $490,000 |
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| 2040 Highway A1a | 1.39 | 1,298 | $490,000 |
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| 2195 Highway A1a | 1.75 | 2,617 | $1,350,000 |
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| 10210 Tropical Trl S | 2.04 | 4,691 | $4,700,000 |
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| 10060 Tropical Trl S | 2.18 | 2,364 | $2,950,000 |
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| 625 Mission Bay Dr | 2.33 | 3,289 | $749,900 |
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| 29 South Ct | 2.39 | 1,771 | $750,000 |
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| 165 Churchill Ave | 2.56 | 1,300 | $460,000 |
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| 349 West Arlington St | 2.61 | 1,594 | $599,900 |
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| 2727 Highway A1a N | 2.66 | 1,464 | $699,000 |
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| 125 Third St Se | 2.88 | 1,282 | $399,900 |
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| 170 Paradise Blvd | 3.11 | 1,266 | $330,000 |
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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 51 of all properties in this area. This suggests it would appeal to someone earning around $73,822 per year who should qualify for a mortgage between $147,644 and $184,555.
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 51 of all properties in this area. This corresponds to a rent of $1,023 per month and a monthly household income of $3,776 ($45,312 per year)
Nearby Companies
559 Coconut St
554 Majorca Ct
535 Majorca Ct
542 Majorca Ct