658 Palm 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 | |
|---|---|---|---|---|
| 660 Palm Dr | Single Family | 1,556 | B |
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| 661 Hibiscus Dr | Single Family | 1,695 | B |
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| 125 Magellan Ave | Single Family | 1,758 | B |
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| 665 Hibiscus Dr | Single Family | 2,339 | B |
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| 655 Hibiscus Dr | Single Family | 1,889 | B |
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| 651 Palm Dr | Multi-family - 10 units or more | 16,320 | C |
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| 668 Palm Dr | Single Family | 1,971 | B |
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| 661 Palm Dr | Single Family | 1,964 | B |
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| 663 Palm Dr | Single Family | 1,964 | B |
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| 675 Hibiscus Dr | Single Family | 1,630 | B |
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| 648 Palm Dr | Single Family | 2,172 | B |
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| 665 Palm Dr | Single Family | 1,964 | B |
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| 658 Hibiscus Dr | Single Family | 1,592 | B |
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| 658 Atlantic Dr | Single Family | 1,470 | B |
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| 645 Hibiscus Dr | Single Family | 2,063 | B |
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| 660 Hibiscus Dr | Single Family | 1,827 | B |
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| 670 Palm Dr | Single Family | 1,848 | B |
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| 660 Atlantic Dr | Single Family | 1,470 | B |
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| 662 Atlantic Dr | Single Family | 1,470 | B |
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| 650 Hibiscus Dr | Single Family | 2,571 | B |
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| 652 Atlantic Dr | Multi-family - less than 10 units | 3,393 | B |
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| 650 Atlantic Dr | Multi-family - less than 10 units | 3,393 | B |
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| 654 Atlantic Dr | Multi-family - less than 10 units | 3,393 | B |
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| 681 Hibiscus Dr | Single Family | 1,642 | B |
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| 118 Magellan Ave | Single Family | 1,684 | B |
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| 668 Hibiscus Dr | Single Family | 1,708 | B |
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| 671 Palm Dr | Single Family | 5,501 | B |
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| 116 Magellan Ave | Single Family | 1,684 | B |
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| 640 Palm Dr | Single Family | 2,208 | B |
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| 114 Magellan Ave | Single Family | 1,684 | B |
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| 635 Hibiscus Dr | Single Family | 1,774 | B |
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| 680 Palm Dr | Single Family | 2,191 | B |
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| 670 Hibiscus Dr | Single Family | 2,033 | B |
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| 661 Poinsetta Dr | Single Family | 1,868 | B |
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| 665 Poinsetta Dr | Single Family | 2,042 | B |
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| 112 Magellan Ave | Single Family | 1,684 | B |
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| 685 Hibiscus Dr | Single Family | 1,874 | B |
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| 648 Hibiscus Dr | Single Family | 1,949 | B |
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| 678 Atlantic Dr | Multi-family - less than 10 units | 2,488 | B |
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| 670 Atlantic Dr | Multi-family - less than 10 units | 2,488 | B |
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| 133 Magellan Ave | Single Family | 2,555 | 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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| 110 Magellan Ave | Single Family | 1,684 | B |
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| 671 Poinsetta Dr | Single Family | 1,636 | B |
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| 638 Palm Dr | Single Family | 1,536 | B |
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| 680 Hibiscus Dr | Single Family | 2,094 | B |
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| 631 Hibiscus Dr | Single Family | 1,563 | B |
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| 108 Magellan Ave | Single Family | 1,684 | 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 | .12 | 1,620 | $759,000 |
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| 1665 Highway A1a | .13 | 3,524 | $4,100,000 |
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| 1246 Highway A1a | 1.09 | 2,412 | $1,285,000 |
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| 2040 Highway A1a | 1.12 | 800 | $490,000 |
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| 2040 Highway A1a | 1.12 | 1,298 | $490,000 |
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| 2195 Highway A1a | 1.48 | 2,617 | $1,350,000 |
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| 29 South Ct | 2.11 | 1,771 | $750,000 |
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| 10210 Tropical Trl S | 2.17 | 4,691 | $4,700,000 |
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| 10060 Tropical Trl S | 2.33 | 2,364 | $2,950,000 |
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| 2727 Highway A1a N | 2.38 | 1,464 | $699,000 |
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| 625 Mission Bay Dr | 2.6 | 3,289 | $749,900 |
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| 170 Paradise Blvd | 2.83 | 1,266 | $330,000 |
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| 165 Churchill Ave | 2.84 | 1,300 | $460,000 |
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| 349 West Arlington St | 2.88 | 1,594 | $599,900 |
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| 2190 Tanager Ct | 2.92 | 0 | $1,300,000 | |
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 59 of all properties in this area. This suggests it would appeal to someone earning around $86,649 per year who should qualify for a mortgage between $173,298 and $216,623.
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 59 of all properties in this area. This corresponds to a rent of $1,098 per month and a monthly household income of $4,005 ($48,060 per year)
Nearby Companies
685 Hibiscus Dr
685 Hibiscus Dr
689 Palm Dr
677 Atlantic Dr
675 Atlantic Dr
668 Hibiscus Dr
663 Palm Dr
661 Palm Dr
1670 Highway A1a
1670 Highway A1a
16219 Ne 2nd St
16219 Ne 2nd St
640 Palm Dr
640 Hibiscus Dr