402 Marginella Ln, Melbourne
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%.
Satellite Beach links:
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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 | |
|---|---|---|---|---|
| 412 Marginella Ln | Single Family | 2,066 | B |
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| 422 Marginella Ln | Single Family | 2,064 | B |
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| 401 Whelk Pl | Single Family | 1,414 | B |
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| 411 Whelk Pl | Single Family | 2,184 | B |
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| 421 Whelk Pl | Single Family | 1,912 | B |
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| 403 Marginella Ln | Single Family | 2,413 | B |
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| 3094 Scallop Ln | Single Family | 2,414 | B |
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| 413 Marginella Ln | Single Family | 1,687 | B |
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| 3102 Scallop Ln | Single Family | 1,912 | B |
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| 3084 Scallop Ln | Single Family | 1,414 | B |
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| 423 Marginella Ln | Single Family | 1,651 | B |
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| 3112 Scallop Ln | Single Family | 1,694 | B |
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| 3359 Poseidon Way | Single Family | 2,682 | B |
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| 3369 Poseidon Way | Single Family | 4,406 | B |
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| 3122 Scallop Ln | Single Family | 1,824 | B |
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| 3074 Scallop Ln | Single Family | 2,414 | B |
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| 3349 Poseidon Way | Single Family | 2,427 | B |
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| 3132 Scallop Ln | Single Family | 1,912 | B |
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| 3379 Poseidon Way | Single Family | 4,023 | B |
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| 3339 Poseidon Way | Single Family | 2,835 | B |
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| 400 Whelk Pl | Single Family | 2,064 | B |
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| 444 Barnacle Ln | Single Family | 1,701 | B |
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| 410 Whelk Pl | Single Family | 1,701 | B |
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| 454 Barnacle Ln | Single Family | 2,064 | B |
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| 420 Whelk Pl | Single Family | 2,064 | B |
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| 3064 Scallop Ln | Single Family | 2,414 | B |
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| 3142 Scallop Ln | Single Family | 2,414 | B |
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| 434 Barnacle Ln | Single Family | 2,064 | B |
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| 424 Barnacle Ln | Single Family | 1,699 | B |
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| 3329 Poseidon Way | Single Family | 2,427 | B |
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| 414 Barnacle Ln | Single Family | 1,699 | B |
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| 3115 Scallop Ln | Single Family | 1,694 | B |
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| 3152 Scallop Ln | Single Family | 2,066 | B |
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| 3123 Scallop Ln | Single Family | 1,912 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 2195 Highway A1a | .74 | 2,617 | $1,350,000 |
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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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| 170 Paradise Blvd | 1.03 | 1,266 | $330,000 |
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| 1505 Highway A1a N | 2.04 | 2,011 | $739,000 |
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| 1505 Highway A1a N | 2.04 | 1,608 | $767,777 |
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| 1616 Highway A1a | 2.1 | 1,620 | $759,000 |
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| 1365 Pineapple Ave | 2.18 | 1,377 | $1,893,000 |
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| 565 Montreal Ave | 2.3 | 2,126 | $455,000 |
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| 1220 Highway A1a N | 2.32 | 77,902 | $166,000 |
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| 1512 Harbor City Blvd N | 2.57 | 1,248 | $378,000 |
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| 117 Franklyn Ave | 2.62 | 936 | $700,000 |
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| 877 Highway A1a N | 2.67 | 1,200 | $525,000 |
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| 406 Bluff Dr | 2.72 | 3,324 | $599,900 |
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| 1001 Eau Gallie Blvd W | 2.81 | 828 | $179,000 |
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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 61 of all properties in this area. This suggests it would appeal to someone earning around $91,751 per year who should qualify for a mortgage between $183,502 and $229,378.
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 61 of all properties in this area. This corresponds to a rent of $1,120 per month and a monthly household income of $4,132 ($49,584 per year)
Nearby Companies
422 Marginella Ln
3142 Scallop Ln
3142 Scallop Ln
3212 Monitor Ln
3202 Monitor Ln
3202 Monitor Ln
3202 Monitor Ln