1502 Mahogany Pl, Palm Beach Gardens
Palm Beach County Real Estate - Palm Beach Gardens
Palm Beach Gardens is in South East Florida. It's population as recorded in the 2010 Census was 48,452. Palm Beach Gardens is approximately 67 miles from Hialeah (population 224,669) and around 48 miles from Fort Lauderdale (population 165,521).
The median age for residents of Palm Beach Gardens is 48.3. Around 20.8% of Palm Beach Gardens households include school aged children and 37.2% of households include individuals aged 65 years or over. Census records indicate 89.2% of the Palm Beach Gardens population are White, 4.4% are Black or African American, .1% American Indian, 3.1% Asian and 1.6% are Two or more Races.
There are 27,663 housing units in Palm Beach Gardens. 4,859 (17.5%) of these were reported as vacant in the 2010 Census. Palm Beach Gardens is a tourist destination, 56.1% (2,726) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 7,196 residential rental units in Palm Beach Gardens. 6,327 of them were occupied in 2010 providing a residential rental vacancy rate of 11.1%.
Palm Beach Gardens 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 | |
|---|---|---|---|---|
| 1503 Mahogany Pl | Single Family | 1,312 | B |
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| 1501 Mahogany Pl | Single Family | 1,744 | B |
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| 1504 Mahogany Pl | Single Family | 1,994 | B |
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| 1404 Mahogany Pl | Single Family | 1,994 | B |
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| 1403 Mahogany Pl | Single Family | 1,312 | B |
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| 1111 Duncan Cir | Condominium | 1,030 | B |
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| 2101 Mahogany Pl | Single Family | 1,886 | B |
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| 1402 Mahogany Pl | Single Family | 1,668 | B |
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| 2102 Mahogany Pl | Single Family | 1,668 | B |
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| 2103 Mahogany Pl | Single Family | 1,312 | B |
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| 1100 Duncan Cir | Condominium | 1,030 | B |
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| 1102 Duncan Cir | Condominium | 1,030 | B |
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| 2104 Mahogany Pl | Single Family | 1,886 | B |
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| 1401 Mahogany Pl | Single Family | 1,744 | B |
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| 2004 Rosewood Way | Single Family | 1,994 | B |
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| 2003 Rosewood Way | Single Family | 1,388 | B |
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| 1109 Duncan Cir | Condominium | 1,030 | B |
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| 2201 Heather Run Ter | Single Family | 1,888 | B |
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| 1304 Mahogany Pl | Single Family | 1,994 | B |
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| 2002 Rosewood Way | Single Family | 1,599 | B |
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| 2202 Heather Run Ter | Single Family | 1,599 | B |
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| 1303 Mahogany Pl | Single Family | 1,312 | B |
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| 2501 Mahogany Pl | Single Family | 1,994 | B |
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| 2203 Heather Run Ter | Single Family | 1,388 | B |
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| 2001 Rosewood Way | Single Family | 1,860 | B |
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| 1302 Mahogany Pl | Single Family | 1,599 | B |
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| 2204 Heather Run Ter | Single Family | 1,886 | B |
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| 2502 Mahogany Pl | Single Family | 1,860 | B |
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| 2404 Heather Run Ter | Single Family | 1,994 | B |
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| 1107 Duncan Cir | Condominium | 1,306 | B |
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| 1301 Mahogany Pl | Single Family | 1,744 | B |
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| 2403 Heather Run Ter | Single Family | 1,940 | B |
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| 2402 Heather Run Ter | Single Family | 1,940 | B |
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| 2503 Mahogany Pl | Single Family | 1,940 | B |
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| 1904 Rosewood Way | Single Family | 1,886 | B |
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| 2401 Heather Run Ter | Single Family | 1,994 | B |
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| 1204 Mahogany Pl | Single Family | 1,994 | B |
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| 2504 Mahogany Pl | Single Family | 1,886 | B |
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| 1903 Rosewood Way | Single Family | 1,312 | B |
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| 1105 Duncan Cir | Condominium | 1,306 | B |
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| 2304 Heather Run Ter | Single Family | 1,994 | B |
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| 1601 Rosewood Way | Single Family | 1,744 | B |
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| 1203 Mahogany Pl | Single Family | 1,664 | B |
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| 1902 Rosewood Way | Single Family | 1,599 | B |
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| 1103 Duncan Cir | Condominium | 1,434 | B |
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| 2303 Heather Run Ter | Single Family | 1,860 | B |
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| 1602 Rosewood Way | Single Family | 1,668 | B |
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| 1202 Mahogany Pl | Single Family | 1,860 | B |
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| 1901 Rosewood Way | Single Family | 1,744 | B |
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Local Household Income
The median household income in this part of Florida is $78,588. The bottom 10% of the population earn less than $23,201 per year. The top 10% earn more than $210,922 per year. The top 1% earn more than $612,589 per year. Most renters earn between $28,404 (20th percentile) and $65,052 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $157,176 and $196,470.
The tax assessed value of this property places it in percentile 53 of all properties in this area. This suggests it would appeal to someone earning around $83,646 per year who should qualify for a mortgage between $167,292 and $209,115.
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 $1,145. Most renters earn between $2,367 and $5,421 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $694 (20th percentile) to $1,677 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 53 of all properties in this area. This corresponds to a rent of $1,184 per month and a monthly household income of $3,987 ($47,844 per year)
Nearby Companies
1202 Mahogany Pl