5546 Palmetto St, Fort Myers Beach
Lee County Real Estate - Fort Myers Beach
Fort Myers Beach is in South West Florida. It's population as recorded in the 2010 Census was 6,277. Fort Myers Beach is approximately 8 miles from Cape Coral (population 154,305) and around 23 miles from Lehigh Acres (population 86,784).
The median age for residents of Fort Myers Beach is 63.2. Around 6.4% of Fort Myers Beach households include school aged children and 54.5% of households include individuals aged 65 years or over. Census records indicate 97.7% of the Fort Myers Beach population are White, .2% are Black or African American, .1% American Indian, .5% Asian and .7% are Two or more Races.
There are 9,420 housing units in Fort Myers Beach. 5,976 (63.4%) of these were reported as vacant in the 2010 Census. Fort Myers Beach is a tourist destination, 79.5% (4,756) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,826 residential rental units in Fort Myers Beach. 841 of them were occupied in 2010 providing a residential rental vacancy rate of 52.2%.
Fort Myers Beach 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 | |
|---|---|---|---|---|
| 5542 Palmetto St | Single Family | 2,400 | B |
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| 5550 Palmetto St | Single Family | 2,808 | B |
|
| 5536 Palmetto St | Single Family | 4,976 | B |
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| 5556 Palmetto St | Single Family | 2,802 | B |
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| 5557 Estero Blvd | Multi-family - less than 10 units | 4,594 | B |
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| 5560 Palmetto St | Single Family | 3,058 | B |
|
| 5530/5532 Palmetto St | Multi-family - less than 10 units | 2,953 | B |
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| 5551 Estero Blvd | Single Family | 3,381 | B |
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| 5545 Palmetto St | Vacant Residential | 0 | L | |
| 5531 Estero Blvd | Single Family | 2,216 | C |
|
| 5571/73 Palmetto St | Multi-family - less than 10 units | 2,804 | B |
|
| 5566 Palmetto St | Single Family | 3,128 | B |
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| 5524 Palmetto St | Multi-family - less than 10 units | 2,140 | B |
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| 5541 Palmetto St | Vacant Residential | 0 | L | |
| 5560 Estero Blvd | Condominium | 429 | C |
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| 5537 Palmetto St | Single Family | 3,586 | B |
|
| 5577 Estero Blvd | Condominium | 738 | C |
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| 5550 Estero Blvd | Office building, non-professional service building, one story | 920 | C |
|
| 5525 Estero Blvd | Multi-family - less than 10 units | 3,632 | B |
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| 5583 Estero Blvd | Multi-family - less than 10 units | 3,844 | B |
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| 5531 Palmetto St | Single Family | 3,120 | B |
|
| 5520 Palmetto St | Multi-family - less than 10 units | 3,546 | B |
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| 5611/13 Easy St | Multi-family - less than 10 units | 3,328 | B |
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| 5525 Palmetto St | Single Family | 2,400 | B |
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| 5540/5550 Rhode Island Pl | Multi-family - less than 10 units | 5,130 | B |
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| 5570 Palmetto St | Single Family | 2,959 | C |
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| 5513 Estero Blvd | Single Family | 5,198 | B |
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| 5510 Palmetto St | Multi-family - less than 10 units | 3,608 | B |
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| 5612/14 Easy St | Multi-family - less than 10 units | 4,392 | B |
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| 5540 Oak Ridge Ave | Multi-family - less than 10 units | 5,880 | B |
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| 5530 Estero Blvd | Condominium | 430 | C |
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| 5524 Estero Blvd | Condominium | 446 | C |
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| 5511 Estero Blvd | Multi-family - less than 10 units | 3,372 | B |
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| 307 Lazy Way | Multi-family - less than 10 units | 2,392 | B |
|
| 305 Lazy Way | Vacant Residential | 0 | L | |
| 210 Dakota Ave | Multi-family - less than 10 units | 3,166 | B |
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| 311 Lazy Way | Single Family | 1,249 | B |
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| 5440 Palmetto St | Multi-family - less than 10 units | 2,996 | B |
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| 5608/10 Easy St | Multi-family - less than 10 units | 3,653 | B |
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| 321 Lazy Way | Single Family | 2,602 | B |
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| 5530 Oak Ridge Ave | Single Family | 1,904 | B |
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| 5503 Estero Blvd | Multi-family - less than 10 units | 3,976 | B |
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| 220/224 Dakota Ave | Single Family | 2,128 | B |
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| 5550 Oak Ridge Ave | Single Family | 1,846 | B |
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| 5615 Lewis St | Single Family | 3,927 | B |
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| 289 Lazy Way | Single Family | 1,936 | C |
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| 5502 Oak Ridge Ave | Multi-family - less than 10 units | 2,230 | B |
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| 5560/5562 Oak Ridge Ave | Multi-family - less than 10 units | 2,368 | B |
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| 5619 Lewis St | Single Family | 1,402 | 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 70 of all properties in this area. This suggests it would appeal to someone earning around $114,842 per year who should qualify for a mortgage between $229,684 and $287,105.
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 70 of all properties in this area. This corresponds to a rent of $1,335 per month and a monthly household income of $4,771 ($57,252 per year)
Nearby Companies
5525 Estero Blvd
5550 Estero Blvd
5550 Estero Blvd
5550 Estero Blvd
5550 Estero Blvd
5577 Estero Blvd
5577 Estero Blvd
5580 Estero Blvd
5580 Estero Blvd
5615 Lewis St