368 Nikomas Way, Melbourne Beach
Brevard County Real Estate - Grant
Grant-Valkaria is a town located south of Melbourne in Brevard County, Florida. Grant was originally established in 1925 as a fishing village, and since 1966, the city has held the annual Grant Seafood Festival. The revenues collected through the seafood festival go back into the community through college scholarships and summer break activities for the local children. Originally two separate communities, Grant and Valkaria were joined in July of 2006 to create the single Incorporated Town of Grant-Valkaria.
Grant is in East Central Florida. Grant is approximately 46 miles from Port Saint Lucie (population 164,603) and around 8 miles from Palm Bay (population 103,190).
Grant 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 | |
|---|---|---|---|---|
| 374 Nikomas Way | Single Family | 1,349 | B |
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| 362 Nikomas Way | Single Family | 1,720 | B |
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| 369 Nikomas Way | Single Family | 1,914 | B |
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| 375 Nikomas Way | Single Family | 1,730 | B |
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| 363 Nikomas Way | Single Family | 2,347 | B |
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| 356 Nikomas Way | Single Family | 1,738 | C |
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| 380 Nikomas Way | Single Family | 2,582 | B |
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| 381 Nikomas Way | Single Family | 1,976 | B |
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| 357 Nikomas Way | Single Family | 2,389 | B |
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| 350 Nikomas Way | Vacant Residential | 0 | L | |
| 387 Nikomas Way | Single Family | 1,396 | B |
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| 364 Arrowhead Ln | Single Family | 2,298 | B |
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| 370 Arrowhead Ln | Single Family | 2,347 | B |
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| 351 Nikomas Way | Single Family | 1,494 | B |
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| 358 Arrowhead Ln | Single Family | 2,498 | B |
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| 376 Arrowhead Ln | Single Family | 2,549 | B |
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| 344 Nikomas Way | Single Family | 1,933 | B |
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| 393 Nikomas Way | Single Family | 1,754 | B |
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| 382 Arrowhead Ln | Single Family | 1,702 | B |
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| 345 Nikomas Way | Single Family | 2,346 | B |
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| 346 Arrowhead Ln | Single Family | 1,784 | B |
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| 399 Nikomas Way | Vacant Residential | 0 | L | |
| 365 Arrowhead Ln | Single Family | 2,376 | B |
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| 371 Arrowhead Ln | Single Family | 2,587 | B |
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| 359 Arrowhead Ln | Single Family | 1,992 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 333 Woody Cir | .36 | 3,023 | $1,150,000 |
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| 6830 Highway A1a | .64 | 0 | $439,000 | |
| 110 Warsteiner Way | .69 | 2,400 | $829,900 |
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| 356 Aquarina Blvd | .76 | 2,103 | $675,000 |
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| 6465 Highway A1a | 1.29 | 4,048 | $3,397,777 |
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| 47 Vip Is | 1.41 | 1,150 | $699,900 |
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| 6240 Highway 1 | 1.8 | 1,152 | $1,899,900 |
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| 5865 Highway A1a | 2.39 | 2,763 | $2,695,000 |
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| 4850 Old Dixie Hwy | 2.56 | 16,632 | $3,400,000 |
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| 5835 Riverside Dr | 2.58 | 2,089 | $425,000 |
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| 5675 Highway A1a | 2.74 | 4,461 | $3,999,000 |
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| 5675 Highway A1a | 2.74 | 4,461 | $4,150,000 |
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| 5587 Cord Grass Ln | 3 | 1,033 | $499,000 |
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| 7656 Highway 1 | 3.01 | 1,447 | $549,900 |
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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 66 of all properties in this area. This suggests it would appeal to someone earning around $101,194 per year who should qualify for a mortgage between $202,388 and $252,985.
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 66 of all properties in this area. This corresponds to a rent of $1,184 per month and a monthly household income of $4,441 ($53,292 per year)
Nearby Companies
363 Nikomas Way
364 Arrow Head Ln
387 Nikomas Way