7516 Coral Tree, Punta Gorda
Charlotte County Real Estate - Punta Gorda
Punta Gorda is in South West Florida. It's population as recorded in the 2010 Census was 16,641. Punta Gorda is approximately 26 miles from Cape Coral (population 154,305) and around 33 miles from Lehigh Acres (population 86,784).
The median age for residents of Punta Gorda is 64.1. Around 10.7% of Punta Gorda households include school aged children and 60.7% of households include individuals aged 65 years or over. Census records indicate 93.3% of the Punta Gorda population are White, 3.3% are Black or African American, .2% American Indian, 1.1% Asian and 1.3% are Two or more Races.
There are 11,580 housing units in Punta Gorda. 3,137 (27%) of these were reported as vacant in the 2010 Census. Punta Gorda is a tourist destination, 51.5% (1,616) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,031 residential rental units in Punta Gorda. 1,608 of them were occupied in 2010 providing a residential rental vacancy rate of 19.3%.
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Charlotte County
Charlotte County is located in the southwest region of Florida, along with Lee and Collier County. The only incorporated municipality in Charlotte County is Punta Gorda. Other neighborhoods include Port Charlotte, Grove City, Rotonda, Cleveland, South Punta Gorda Heights, and Pirate Harbor. The county has a population in excess of 150,000.
The top industries providing employment are educational, health and social services; retail trade; arts, entertainment, recreation, accommodation and food services; and construction. Targeted industries for Charlotte County are manufacturing, communications & production of communications equipment, back office operations, marine and related industries, aircraft and avionics related industries, aquaculture and related support industries, and green technology industries. Major private sector employers in Charlotte County include Wal-Mart, Peace River Regional Medical Center, Charlotte Regional Medical Center, Publix Supermarkets, and Fawcett Memorial Hospital Inc. Top public sector employers are Charlotte County School Board, Board of County Commissioners, Charlotte County Sheriff's Office, and Charlotte Correctional Institute.
The county seat of Punta Gorda is home to over 15,000. Phosphate mining is an important part of the region?s economy. It used to be that phosphate was shipped down the Peace River to the city, but the railroad extension to Port Boca Grande headed off the need for that transit. Today, Punta Gorda?s economy is reliant on healthcare and tourism.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 7522 Coral Tree | Single Family | 1,952 | B |
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| 7510 Coral Tree | Single Family | 1,178 | C |
|
| 7528 Coral Tree | Single Family | 2,189 | C |
|
| 7517 Coral Tree | Single Family | 1,663 | B |
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| 7504 Coral Tree | Single Family | 2,024 | C |
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| 7523 Coral Tree | Single Family | 1,832 | C |
|
| 7511 Coral Tree | Single Family | 1,709 | C |
|
| 421 Vitex | Single Family | 0 | B | |
| 430 Podocarpus | Single Family | 1,810 | B |
|
| 426 Podocarpus | Single Family | 2,092 | B |
|
| 426 Vitex | Single Family | 2,172 | B |
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| 7529 Coral Tree | Single Family | 2,094 | B |
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| 7534 Coral Tree | Single Family | 2,186 | B |
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| 7500 Coral Tree | Single Family | 1,756 | C |
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| 7505 Coral Tree | Vacant Residential | 0 | L | |
| 7503 Coral Tree | Single Family | 1,862 | C |
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| 427 Podocarpus | Single Family | 1,841 | B |
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| 7535 Coral Tree | Vacant Residential | 0 | L | |
| 422 Vitex | Single Family | 1,580 | C |
|
| 417 Vitex | Single Family | 1,806 | B |
|
| 422 Podocarpus | Vacant Residential | 0 | L | |
| 7540 Coral Tree | Single Family | 2,172 | B |
|
| 503 Philodendron | Single Family | 1,349 | C |
|
| 7541 Coral Tree | Single Family | 1,626 | B |
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| 425 Podocarpus | Single Family | 1,911 | B |
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| 500 Philodendron | Vacant Residential | 0 | L | |
| 418 Vitex | Single Family | 1,929 | B |
|
| 505 Philodendron | Vacant Residential | 0 | L | |
| 416 Podocarpus | Vacant Residential | 0 | L | |
| 7528 Coco Plum | Single Family | 2,013 | B |
|
| 423 Podocarpus | Single Family | 1,936 | B |
|
| 533 Royal Poinciana | Vacant Residential | 0 | L | |
| 407 Vitex | Vacant Residential | 0 | L | |
| 7525 Coco Plum | Single Family | 3,149 | B |
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| 448 Gold Tree | Single Family | 2,341 | B |
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| 539 Royal Poinciana | Single Family | 3,341 | B |
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| 527 Royal Poinciana | Single Family | 2,907 | B |
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| 7534 Coco Plum | Single Family | 2,279 | B |
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| 412 Vitex | Vacant Residential | 0 | L | |
| 504 Philodendron | Single Family | 1,472 | B |
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| 440 Gold Tree | Single Family | 1,603 | C |
|
| 545 Royal Poinciana | Single Family | 0 | B | |
| 410 Podocarpus | Single Family | 1,671 | B |
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| 432 Gold Tree | Single Family | 2,209 | B |
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| 7547 Coral Tree | Single Family | 2,161 | B |
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Local Household Income
The median household income in this part of Florida is $54,839. The bottom 10% of the population earn less than $20,497 per year. The top 10% earn more than $125,742 per year. The top 1% earn more than $399,493 per year. Most renters earn between $26,976 (20th percentile) and $50,376 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $109,678 and $137,098.
The tax assessed value of this property places it in percentile 68 of all properties in this area. This suggests it would appeal to someone earning around $73,605 per year who should qualify for a mortgage between $147,210 and $184,013.
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 $910. Most renters earn between $2,248 and $4,198 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $670 (20th percentile) to $1,270 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 68 of all properties in this area. This corresponds to a rent of $1,085 per month and a monthly household income of $3,595 ($43,140 per year)
Nearby Companies
7517 Coral Tree
7523 Coral Tree