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Brevard County Real Estate - Melbourne

The City of Melbourne is located on east central Florida's Space Coast. Melbourne is about an hour's drive south of the Kennedy Space center, and 1-1/2 hours due east of Disney World. The City is in the southern portion of Brevard County. Interstate-95 runs through the county from north-to-south. Access roads from the west include the Beach line Expressway (formerly the Beeline) and US. 192, which runs through Melbourne to the beaches.

While most of Melbourne is located on the Florida mainland, a small portion is located on a barrier island. The Indian River Lagoon separates the mainland from the island. The island is a narrow strip of land that separates the Lagoon from the Atlantic Ocean. Spanning the Indian River Lagoon to connect the mainland to the barrier island are a pair of four-lane, high-rise bridges -- the Melbourne Causeway and the Eau Gallie Causeway.

The City is approximately 41 square miles in size, with about 75% of that land in use. The City of Melbourne population was 78,427 as of April 1, 2010, according to the University of Florida Bureau of Economic and Business Research. The population of Melbourne continues to grow at a modest rate. Melbourne is located at the center of a much larger urban area, the Palm Bay-Melbourne-Titusville, Florida Metropolitan Statistical Area.

Melbourne International Airport serves Florida's Space and Treasure Coasts with domestic and international passenger and air freight service. Melbourne International Airport is served by carriers including Delta Airlines and US Airways. The Airport also provides services including charter passenger flights, private aviation, and air freight flights. International services include U.S. Customs, I.N.S., and U.S.D.A.

The city was named Melbourne in honor of its first postmaster, Cornthwaite John Hector, an Englishman who had spent much of his life in Melbourne, Australia.

Melbourne contains defense and technology companies with a high concentration of high-tech workers. The following corporations have operations in Melbourne:

• DRS Technologies
• General Electric Transportation Systems and GE Energy Automation
• HarrisCorporation (including corporate headquarters)
• Northrop Grumman employed 1,640 workers in 2009
• Rockwell Collins employed 1,430 in 2009
• Embraer completed a 89,000 square feet hanger and administrative office at the Melbourne Airport in February 2011.
• Live TV has its headquarters in Melbourne

Melbourne has two downtown business districts, a result of the merger of Eau Gallie into Melbourne:

• Downtown Eau Gallie Arts District
• Historic Downtown Melbourne. Among other retail outlets, this has 26 eating and drinking establishments within a four block extent.

Melbourne links:

• Wikipedia
• Melbourne City Website
• Wikipedia
• Melbourne City Website

Links

• Melbourne Real Estate Market Data
• Brevard County Real Estate Market Data
• Walkscore for Zipcode 32901
• Melbourne, FL Property Values on Trulia

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
1700 New Haven Ave W	Regional Shopping Center	489,513	B
1801 Hibiscus Blvd W	Financial institution (bank, saving and loan company, mortgage company, credit services)	4,977	B
1421 Gateway Dr	Financial institution (bank, saving and loan company, mortgage company, credit services)	2,500	B
1775 Hibiscus Blvd W	Office building, non-professional service building, multi-story	35,644	B
1696 Hibiscus Blvd W	Office building, non-professional service building, one story	5,037	B
1696 Hibiscus Blvd W	Mixed use - store and office or store and residential or residential combination	0	L
1694 Hibiscus Blvd W	Mixed use - store and office or store and residential or residential combination	0	L
1698 Hibiscus Blvd W	Mixed use - store and office or store and residential or residential combination	0	L

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

Address	Miles	Sq Ft	Price
115 Irwin Ave Nw	.59	1,440	$360,413
2261 New Haven Ave W	.8	82,896	$275,000
2261 New Haven Ave W	.8	82,896	$540,000
1932 Abington Dr	1.08	1,440	$379,000
1600 Wickham Rd S	1.45	1,699	$235,000
855 Wickham Rd S	1.47	4,722	$1,550,000
800 Wickham Rd S	1.56	1,744	$995,000
580 Wickham Rd S	1.64	6,000	$2,100,000
111 New Haven Ave W	1.64	3,150	$865,000
7607 Coral Dr	1.83	7,894	$1,050,000
514 Wisteria Dr	2.04	936	$209,900
308 Strawbridge Ave E	2.14	0	$539,000
615 Sedgewood Cir	2.16	1,378	$325,000
406 Bluff Dr	2.3	3,324	$599,900
930 Harbor City Blvd S	2.4	68,102	$18,500,000