222 Royal Palm Way, Palm Beach
Palm Beach County Real Estate - Palm Beach
Palm Beach is in South East Florida. It's population as recorded in the 2010 Census was 8,348. Palm Beach is approximately 64 miles from Miami (population 399,457) and around 60 miles from Hialeah (population 224,669).
The median age for residents of Palm Beach is 67.4. Around 7% of Palm Beach households include school aged children and 68.4% of households include individuals aged 65 years or over. Census records indicate 97.4% of the Palm Beach population are White, .6% are Black or African American, 0% American Indian, 1% Asian and .5% are Two or more Races.
There are 9,091 housing units in Palm Beach. 4,292 (47.2%) of these were reported as vacant in the 2010 Census. Palm Beach is a tourist destination, 84.5% (3,627) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 932 residential rental units in Palm Beach. 659 of them were occupied in 2010 providing a residential rental vacancy rate of 27.9%.
Palm Beach 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 | |
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218 Royal Palm Way | Office building, non-professional service building, multi-story | 12,446 | A | |
230 Royal Palm Way | Office building, non-professional service building, multi-story | 19,242 | A | |
204 Royal Palm Way | Vacant Commercial | 0 | L | |
238 Royal Palm Way | Office building, non-professional service building, multi-story | 10,296 | A | |
237 Brazilian Ave | Multi-family - less than 10 units | 5,120 | B | |
215 Brazilian Ave | Vacant Commercial | 0 | L | |
243 Brazilian Ave | Single Family | 4,193 | A | |
304 S County Rd | Store, one story | 4,729 | B | |
231 Royal Palm Way | Office building, non-professional service building, multi-story | 11,576 | A | |
290 S County Rd | Mixed use - store and office or store and residential or residential combination | 16,885 | A | |
245 Brazilian Ave | Single Family | 4,193 | A | |
296 S County Rd | Store, one story | 4,700 | B | |
250 Royal Palm Way | Office building, non-professional service building, multi-story | 24,034 | A | |
305 Hibiscus Ave | Single Family | 2,378 | A | |
201 Royal Palm Way | Financial institution (bank, saving and loan company, mortgage company, credit services) | 23,245 | A | |
309 Hibiscus Ave | Single Family | 2,617 | A | |
227 Brazilian Ave | Condominium | 864 | B | |
226 Brazilian Ave | Condominium | 1,317 | B | |
310 S County Rd | Store, one story | 8,169 | B | |
232 Phipps Plz | Single Family | 4,679 | A | |
249 Brazilian Ave | Single Family | 4,396 | A | |
234 Phipps Plz | Single Family | 2,693 | A | |
235 Phipps Plz | Single Family | 3,014 | A | |
236 Phipps Plz | Multi-family - less than 10 units | 5,050 | A | |
228 Phipps Plz | Single Family | 1,409 | B | |
224 Phipps Plz | Single Family | 2,394 | B | |
238 Phipps Plz | Single Family | 1,831 | A | |
249 Royal Palm Way | Office building, non-professional service building, multi-story | 178,743 | A | |
180 Royal Palm Way | Financial institution (bank, saving and loan company, mortgage company, credit services) | 19,500 | A | |
204 Brazilian Ave | Mixed use - store and office or store and residential or residential combination | 18,796 | A | |
228 Brazilian Ave | Single Family | 4,936 | A | |
220 Brazilian Ave | Single Family | 2,455 | B | |
294 Hibiscus Ave | Mixed use - store and office or store and residential or residential combination | 2,662 | A | |
230 Brazilian Ave | Single Family | 4,995 | A | |
270 S County Rd | Mixed use - store and office or store and residential or residential combination | 5,892 | A | |
301 S County Rd | Store, one story | 8,464 | A | |
232 Brazilian Ave | Single Family | 4,959 | A |
Local Household Income
The median household income in this part of Florida is $47,354. The bottom 10% of the population earn less than $12,913 per year. The top 10% earn more than $158,251 per year. The top 1% earn more than $683,394 per year. Most renters earn between $26,016 (20th percentile) and $44,580 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $94,708 and $118,385.
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 $1,000. Most renters earn between $2,168 and $3,715 per month. They typically spend 35.5% of their monthly income on rent. Most rents fall in the $716 (20th percentile) to $1,364 (80th percentile) range. The residential vacancy rate is 9%.
Nearby Companies
221 Royal Palm Way
221 Royal Palm Way
288 South County Rd
301 South County Rd
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296 South County Rd
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300 S County Rd
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214 Brazilian Ave
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1 South County
#1 South County Rd
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310 S County Rd
312-B S County Rd
309 Hibiscus Ave
243 Brazilian Ave
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294 Hibiscus Ave
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301 S County Rd
243 Braizilian Ave
226 Brazilian Ave
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