471 Rio Ln, Indialantic
Brevard County Real Estate - Indialantic
Indialantic is a town in Brevard County Florida, named for its location between the Indian River Lagoon and the Atlantic ocean. The town is on a barrier island stretching from Cape Canaveral to the Sebastian Inlet, connected to the Melbourne by the Melbourne Causeway. The two cities were originally connected by a wooden bridge, built by Ernest Kouven-Hoven in 1921. The bridge was replaced by a drawbridge in 1947 and by the modern causeway in 1985.
Indialantic is in East Central Florida. It's population as recorded in the 2010 Census was 2,720. Indialantic is approximately 58 miles from Orlando (population 238,300) and around 57 miles from Port Saint Lucie (population 164,603).
The median age for residents of Indialantic is 49.9. Around 19.7% of Indialantic households include school aged children and 35.1% of households include individuals aged 65 years or over. Census records indicate 94.6% of the Indialantic population are White, .4% are Black or African American, .1% American Indian, 1.6% Asian and 2% are Two or more Races.
There are 1,584 housing units in Indialantic. 293 (18.4%) of these were reported as vacant in the 2010 Census. Indialantic is a tourist destination, 35.4% (104) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 390 residential rental units in Indialantic. 294 of them were occupied in 2010 providing a residential rental vacancy rate of 23.6%.
Indialantic 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 | |
|---|---|---|---|---|
| 455 Rio Ln | Single Family | 1,804 | B |
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| 485 Rio Ln | Single Family | 1,480 | B |
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| 580 Sonora Cir N | Single Family | 1,958 | B |
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| 590 Sonora Cir N | Single Family | 2,190 | B |
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| 558 Sonora Cir N | Single Family | 1,641 | B |
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| 460 Rio Ln | Single Family | 1,633 | B |
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| 480 Rio Ln | Single Family | 2,044 | B |
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| 429 Rio Ln | Single Family | 1,911 | B |
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| 501 Rio Ln | Single Family | 1,603 | B |
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| 448 Rio Ln | Single Family | 1,878 | B |
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| 600 Sonora Cir N | Single Family | 2,142 | B |
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| 490 Rio Ln | Single Family | 1,848 | B |
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| 548 Sonora Cir N | Single Family | 2,582 | B |
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| 430 Rio Ln | Single Family | 2,119 | B |
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| 581 Sonora Cir N | Single Family | 1,848 | B |
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| 425 Rio Ln | Single Family | 2,313 | B |
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| 475 Rio Casa Dr S | Single Family | 2,444 | B |
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| 455 Rio Casa Dr S | Single Family | 2,713 | B |
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| 515 Rio Ln | Single Family | 1,599 | B |
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| 510 Rio Ln | Single Family | 2,008 | B |
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| 559 Sonora Cir N | Single Family | 1,450 | B |
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| 606 Sonora Cir N | Single Family | 1,961 | B |
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| 591 Sonora Cir N | Single Family | 1,921 | B |
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| 495 Rio Casa Dr S | Single Family | 2,420 | B |
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| 445 Rio Casa Dr S | Single Family | 2,329 | B |
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| 536 Sonora Cir N | Single Family | 1,794 | B |
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| 547 Sonora Cir N | Single Family | 1,918 | B |
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| 416 Rio Ln | Single Family | 2,176 | B |
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| 505 Rio Casa Dr S | Single Family | 2,051 | B |
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| 626 Sonora Cir N | Single Family | 3,881 | B |
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| 405 Rio Ln | Single Family | 1,782 | B |
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| 530 Rio Ln | Single Family | 2,044 | B |
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| 435 Rio Casa Dr S | Single Family | 2,071 | B |
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| 535 Rio Ln | Single Family | 2,078 | B |
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| 580 Pine Tree Dr | Single Family | 2,114 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 170 Paradise Blvd | .61 | 1,266 | $330,000 |
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| 1505 Highway A1a N | .83 | 1,608 | $767,777 |
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| 1505 Highway A1a N | .83 | 2,011 | $739,000 |
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| 1220 Highway A1a N | 1.05 | 77,902 | $166,000 |
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| 117 Franklyn Ave | 1.32 | 936 | $700,000 |
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| 877 Highway A1a N | 1.39 | 1,200 | $525,000 |
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| 340 Fourth Ave | 1.79 | 1,948 | $599,999 |
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| 2195 Highway A1a | 1.86 | 2,617 | $1,350,000 |
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| 2040 Highway A1a | 2.21 | 800 | $490,000 |
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| 2040 Highway A1a | 2.21 | 1,298 | $490,000 |
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| 930 Harbor City Blvd S | 2.22 | 68,102 | $18,500,000 |
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| 930 Harbor City Blvd S | 2.22 | 68,102 | $18,500,000 |
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| 406 Bluff Dr | 2.24 | 3,324 | $599,900 |
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| 514 Wisteria Dr | 2.48 | 936 | $209,900 |
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| 1365 Pineapple Ave | 2.71 | 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 72 of all properties in this area. This suggests it would appeal to someone earning around $113,036 per year who should qualify for a mortgage between $226,072 and $282,590.
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 72 of all properties in this area. This corresponds to a rent of $1,260 per month and a monthly household income of $4,647 ($55,764 per year)
Nearby Companies
618 North Sonora Cir
600 N Sonora Cir
600 N Sonora Cir
515 Rio Ln
400 Rio Ln
544 Rio Ln
455 Rio Casa Dr S