711 Hibiscus Dr, 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 | |
|---|---|---|---|---|
| 715 Hibiscus Dr | Single Family | 1,920 | B |
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| 705 Hibiscus Dr | Single Family | 1,765 | B |
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| 710 Palm Dr | Single Family | 1,850 | B |
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| 700 Palm Dr | Single Family | 2,233 | B |
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| 718 Palm Dr | Single Family | 1,744 | B |
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| 710 Hibiscus Dr | Single Family | 2,014 | B |
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| 721 Hibiscus Dr | Single Family | 1,719 | B |
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| 718 Hibiscus Dr | Single Family | 1,620 | B |
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| 129 Sunrise Ave | Single Family | 2,349 | B |
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| 720 Palm Dr | Single Family | 1,849 | B |
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| 720 Hibiscus Dr | Single Family | 1,674 | B |
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| 126 Sunrise Ave | Single Family | 1,614 | B |
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| 725 Hibiscus Dr | Single Family | 1,889 | B |
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| 690 Palm Dr | Single Family | 1,573 | B |
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| 711 Palm Dr | Single Family | 2,575 | B |
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| 711 Poinsetta Dr | Single Family | 1,961 | B |
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| 715 Poinsetta Dr | Single Family | 1,883 | B |
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| 715 Palm Dr | Single Family | 1,606 | B |
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| 730 Palm Dr | Single Family | 1,869 | B |
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| 705 Palm Dr | Single Family | 1,827 | B |
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| 705 Poinsetta Dr | Single Family | 1,916 | B |
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| 730 Hibiscus Dr | Single Family | 1,804 | B |
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| 690 Hibiscus Dr | Single Family | 1,936 | B |
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| 721 Poinsetta Dr | Single Family | 2,028 | B |
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| 721 Palm Dr | Single Family | 1,721 | B |
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| 685 Hibiscus Dr | Single Family | 1,874 | B |
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| 680 Palm Dr | Single Family | 2,191 | B |
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| 735 Hibiscus Dr | Single Family | 1,765 | B |
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| 725 Poinsetta Dr | Single Family | 1,810 | B |
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| 116 Sunrise Ave | Multi-family - less than 10 units | 1,984 | C |
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| 114 Sunrise Ave | Multi-family - less than 10 units | 1,984 | C |
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| 695 Poinsetta Dr | Single Family | 1,990 | B |
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| 740 Palm Dr | Single Family | 1,885 | B |
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| 725 Palm Dr | Single Family | 1,721 | B |
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| 740 Hibiscus Dr | Single Family | 2,205 | B |
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| 710 Atlantic Dr | Single Family | 1,616 | B |
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| 680 Hibiscus Dr | Single Family | 2,094 | B |
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| 718 Atlantic Dr | Single Family | 1,744 | B |
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| 700 Atlantic Dr | Single Family | 1,631 | B |
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| 681 Hibiscus Dr | Single Family | 1,642 | B |
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| 720 Atlantic Dr | Single Family | 1,627 | B |
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| 689 Palm Dr | Multi-family - less than 10 units | 1,836 | B |
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| 685 Palm Dr | Multi-family - less than 10 units | 1,836 | B |
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| 670 Palm Dr | Single Family | 1,848 | B |
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| 735 Poinsetta Dr | Single Family | 1,846 | B |
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| 710 Poinsetta Dr | Single Family | 1,920 | B |
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| 685 Poinsetta Dr | Single Family | 1,646 | B |
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| 720 Poinsetta Dr | Single Family | 1,782 | B |
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| 735 Palm Dr | Single Family | 1,774 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 1665 Highway A1a | .19 | 3,524 | $4,100,000 |
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| 1616 Highway A1a | .23 | 1,620 | $759,000 |
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| 2040 Highway A1a | 1.01 | 800 | $490,000 |
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| 2040 Highway A1a | 1.01 | 1,298 | $490,000 |
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| 2195 Highway A1a | 1.37 | 2,617 | $1,350,000 |
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| 29 South Ct | 2 | 1,771 | $750,000 |
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| 10210 Tropical Trl S | 2.2 | 4,691 | $4,700,000 |
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| 2727 Highway A1a N | 2.27 | 1,464 | $699,000 |
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| 10060 Tropical Trl S | 2.37 | 2,364 | $2,950,000 |
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| 625 Mission Bay Dr | 2.71 | 3,289 | $749,900 |
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| 170 Paradise Blvd | 2.71 | 1,266 | $330,000 |
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| 2190 Tanager Ct | 2.81 | 0 | $1,300,000 | |
| 165 Churchill Ave | 2.95 | 1,300 | $460,000 |
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| 349 West Arlington St | 2.99 | 1,594 | $599,900 |
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| 1365 Pineapple Ave | 3.07 | 1,377 | $1,893,000 |
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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 53 of all properties in this area. This suggests it would appeal to someone earning around $76,774 per year who should qualify for a mortgage between $153,548 and $191,935.
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 53 of all properties in this area. This corresponds to a rent of $1,042 per month and a monthly household income of $3,824 ($45,888 per year)
Nearby Companies
745 Hibiscus Dr
745 Hibiscus Dr
735 Poinsetta Dr
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710 Hibiscus Dr
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685 Hibiscus Dr
689 Palm Dr