605 Lighthouse Way, Sanibel
Lee County Real Estate - Sanibel
Sanibel is in South West Florida. It's population as recorded in the 2010 Census was 6,469. Sanibel is approximately 9 miles from Cape Coral (population 154,305) and around 27 miles from Lehigh Acres (population 86,784).
The median age for residents of Sanibel is 65. Around 9% of Sanibel households include school aged children and 62.2% of households include individuals aged 65 years or over. Census records indicate 97.9% of the Sanibel population are White, .6% are Black or African American, 0% American Indian, .3% Asian and .6% are Two or more Races.
There are 7,821 housing units in Sanibel. 4,462 (57%) of these were reported as vacant in the 2010 Census. Sanibel is a tourist destination, 85.3% (3,808) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 702 residential rental units in Sanibel. 406 of them were occupied in 2010 providing a residential rental vacancy rate of 40.3%.
Sanibel 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 | |
|---|---|---|---|---|
| 569 Lighthouse Way | Single Family | 3,391 | B |
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| 615 Lighthouse Way | Single Family | 7,935 | A |
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| 568 Lighthouse Way | Single Family | 2,571 | B |
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| 600 N Yachtsman Dr | Single Family | 6,592 | A |
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| 561 Lighthouse Way | Single Family | 7,354 | A |
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| 576 Lighthouse Way | Single Family | 8,148 | A |
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| 623 Lighthouse Way | Single Family | 7,313 | A |
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| 610 N Yachtsman Dr | Single Family | 5,589 | B |
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| 558 Lighthouse Way | Single Family | 8,239 | A |
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| 566 N Yachtsman Dr | Single Family | 3,330 | B |
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| 584 Lighthouse Way | Single Family | 7,734 | A |
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| 618 N Yachtsman Dr | Single Family | 5,704 | B |
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| 558 N Yachtsman Dr | Single Family | 3,517 | B |
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| 550 Lighthouse Way | Single Family | 7,824 | A |
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| 553 Lighthouse Way | Single Family | 7,614 | B |
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| 629 Lighthouse Way | Vacant Residential | 0 | L | |
| 592 Lighthouse Way | Single Family | 3,905 | B |
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| 603 N Yachtsman Dr | Single Family | 3,191 | B |
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| 550 N Yachtsman Dr | Single Family | 4,961 | B |
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| 611 N Yachtsman Dr | Single Family | 4,874 | B |
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| 567 N Yachtsman Dr | Single Family | 3,639 | B |
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| 544 Lighthouse Way | Single Family | 8,186 | B |
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| 545 Lighthouse Way | Single Family | 9,388 | B |
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| 619 N Yachtsman Dr | Single Family | 5,581 | B |
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| 547 N Yachtsman Dr | Single Family | 5,336 | B |
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| 637 Lighthouse Way | Single Family | 4,302 | B |
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| 628 Lighthouse Way | Single Family | 7,278 | B |
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| 542 N Yachtsman Dr | Single Family | 4,365 | B |
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| 536 Lighthouse Way | Single Family | 7,149 | B |
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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 95 of all properties in this area. This suggests it would appeal to someone earning around $370,169 per year who should qualify for a mortgage between $740,338 and $925,423.
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 95 of all properties in this area. This corresponds to a rent of $2,931 per month and a monthly household income of $7,798 ($93,576 per year)
Nearby Companies
5601 Buchanan St
550 North Yachtsman Dr
584 Lighthouse Way
584 Lighthouse Way
561 Lighthouse Way
610 North Yachtsman Dr
610 North Yachtsman Dr