648 Bayview Dr, Longboat Key
Manatee County Real Estate - Longboat Key
Longboat Key is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 6,888. Longboat Key is approximately 39 miles from Tampa (population 335,709) and around 25 miles from Saint Petersburg (population 244,769).
The median age for residents of Longboat Key is 70.4. Around 3% of Longboat Key households include school aged children and 76.9% of households include individuals aged 65 years or over. Census records indicate 98.4% of the Longboat Key population are White, .2% are Black or African American, .1% American Indian, .7% Asian and .3% are Two or more Races.
There are 8,814 housing units in Longboat Key. 4,931 (55.9%) of these were reported as vacant in the 2010 Census. Longboat Key is a tourist destination, 89.1% (4,397) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 607 residential rental units in Longboat Key. 305 of them were occupied in 2010 providing a residential rental vacancy rate of 47.9%.
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Manatee County
Manatee County is part of the Tampa Bay region of Florida, along with Sarasota, Polk, Hillsborough, Pinellas, Pasco, Hernando, and Citrus counties. Incorporated cities and towns in Manatee County include the county seat of Bradenton, Anna Maria, Bradenton Beach, Holmes Beach, Palmetto, and Longboat Key. The county?s population is over 300,000.
Major industries include retail trade, agriculture, tourism, and retirement. Other important parts of the Manatee County economy are manufacturing, agribusiness, and fishing. The cost of living in Manatee County is slightly higher than the rest of the state.
Manatee County's largest private sector employers are Bealls Inc., Manatee Memorial Hospital, Tropicana Products, Inc., and Publix. Major public sector employers are Manatee County School District, Manatee County Government, and Manatee County Sheriff?s Department. Bealls of Florida is headquartered in Manatee County.
The county seat is Bradenton, an old-Florida town that dates to the 1880s. As such, tourism is a strong economic driver, with tourists enjoying the warm weather and maritime recreation such as fishing. Bradenton also hosts a Tropicana juice production facility.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 639 Bayview Dr | Single Family | 2,136 | B |
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| 638 Bayview Dr | Single Family | 4,052 | A |
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| 629 Bayview Dr | Single Family | 1,682 | B |
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| 628 Bayview Dr | Single Family | 1,430 | B |
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| 619 Bayview Dr | Single Family | 1,704 | B |
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| 618 Bayview Dr | Single Family | 2,477 | A |
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| 630 De Narvaez Dr | Single Family | 3,035 | B |
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| 609 Bayview Dr | Single Family | 2,287 | A |
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| 608 Bayview Dr | Single Family | 2,012 | B |
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Local Household Income
The median household income in this part of Florida is $54,523. The bottom 10% of the population earn less than $18,447 per year. The top 10% earn more than $131,721 per year. The top 1% earn more than $409,221 per year. Most renters earn between $27,912 (20th percentile) and $48,372 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $109,046 and $136,308.
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 $409,221 per year who should qualify for a mortgage between $818,442 and $1,023,053.
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 $912. Most renters earn between $2,326 and $4,031 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $717 (20th percentile) to $1,218 (80th percentile) range. The residential vacancy rate is 13%.
This property falls in percentile 99 of all properties in this area. This corresponds to a rent of $3,177 per month and a monthly household income of $9,274 ($111,288 per year)
Nearby Companies
648 Bayview Dr