395 Royal Tern Dr, Boca Grande
Lee County Real Estate - Boca Grande
Boca Grande is in South West Florida. Boca Grande is approximately 23 miles from Cape Coral (population 154,305) and around 40 miles from Lehigh Acres (population 86,784).
Boca Grande links:
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Lee County
Lee County is located in the southwest Florida region, along with Collier and Charlotte counties. The communities in Lee County include Bonita Springs, Cape Coral, Fort Myers, Fort Myers Beach, Lehigh Acres, North Fort Myers, San Carlos Park, Sanibel/Captiva, and South Fort Myers. Incorporated communities are Cape Coral, Fort Myers, Fort Myers Beach, Bonita Springs, and Sanibel. The population of Lee County is in excess of 600,000.
Top industries currently providing employment are trade, transportation, and utilities; leisure and hospitality; education and health services; and professional and business services. Major private sector employers in Lee County are Publix Supermarkets, Wal-Mart, Chico's FAS Inc., Bonita Bay Group, and WCI Group. Top public sector employers are Lee County School District, Lee County Administration, Lee County Sheriff's Office, and the City of Cape Coral.
Historically, Lee County was best known for its agricultural industry and still heavily produces crops such as sweet corn, cucumbers, peppers and potatoes. Seafood is also produced in large quantities in Lee County. Annually, over five million pounds of fish and two million pounds of shellfish are harvested in Lee County. Today, however, the most dominant industries are tourism, construction, and other service related industries.
The most populous city in southwest Florida is Cape Coral, home to over 150,000. The U.S. Census Bureau estimated that the city grew by 10% from 2010-2013. The city lies on a peninsula surrounded by Charlotte Harbor, with the Caloosahatchee River on the city?s southern border. There are over 400 miles of inland navigable waterways within city limits, the most of any city in the world.
Located across the Caloosahatchee, the county seat of Fort Myers has a population over 60,000 people. The economic heart of Lee County, the city?s strength is in the services, including the healthcare and tourism industries. Just south of the city is Florida Gulf Coast University, Florida's newest public university. Additionally, Florida SouthWestern State College, formerly Edison State College, is located within city limits.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 399 Royal Tern Dr | Single Family | 5,118 | A |
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| 391 Royal Tern Dr | Single Family | 4,826 | A |
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| 403 Royal Tern Dr | Single Family | 4,769 | A |
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| 383 Royal Tern Dr | Multi-family - less than 10 units | 10,262 | B |
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| 407 Royal Tern Dr | Single Family | 6,103 | A |
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| 379 Boca Bay Dr | Single Family | 4,443 | B |
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| 411 Rock Dove Dr | Single Family | 5,058 | A |
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| 375 Night Heron Dr | Single Family | 5,601 | A |
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| 371 Night Heron Dr | Single Family | 4,929 | A |
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| 415 Rock Dove Dr | Single Family | 3,957 | A |
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| 419 Rock Dove Dr | Single Family | 3,922 | B |
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| 367 Night Heron Dr | Single Family | 6,646 | A |
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| 423 Green Teal Dr | Single Family | 2,782 | B |
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| 363 Pilot Point Ln | Single Family | 2,800 | B |
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| 427 Green Teal Dr | Single Family | 4,106 | A |
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| 359 Pilot Point Ln | Single Family | 3,664 | A |
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| 355 Pilot Point Ln | Single Family | 4,943 | A |
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Local Household Income
The median household income in this part of Florida is $73,506. The bottom 10% of the population earn less than $26,913 per year. The top 10% earn more than $265,939 per year. The top 1% earn more than $652,365 per year. Most renters earn between $32,964 (20th percentile) and $70,644 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $147,012 and $183,765.
The tax assessed value of this property places it in percentile 99 of all properties in this area. This suggests it would appeal to someone earning around $652,365 per year who should qualify for a mortgage between $1,304,730 and $1,630,913.
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 $1,081. Most renters earn between $2,747 and $5,887 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $807 (20th percentile) to $1,615 (80th percentile) range. The residential vacancy rate is 19%.
This property falls in percentile 99 of all properties in this area. This corresponds to a rent of $3,256 per month and a monthly household income of $10,127 ($121,524 per year)
Nearby Companies
387 Royal Tern Dr