5281 Palmetto Woods Dr, Naples
Collier County Real Estate - Vanderbilt Beach
Vanderbilt Beach is in South West Florida. Vanderbilt Beach is approximately 23 miles from Cape Coral (population 154,305) and around 28 miles from Lehigh Acres (population 86,784).
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Collier County
Collier County is part of the southwest region of Florida, along with Lee and Charlotte counties. Collier County is Florida's largest county in area, though much of that territory is within Everglades National Park and Big Cypress National Preserve. Cities and towns in Collier County include Everglades City, Marco Island, and Naples. Collier County has a population over 300,000.
The major employment industries in Collier County are trade, transportation, and utilities; leisure & hospitality; and education and health services. Major private sector employers for Collier County are Wal-Mart, Marriott, Fifth Third Bank, Naples Grande Resort, and Barron Collier Partnership. Top public sector employers include Collier County Public Schools, Collier County Government, and Collier County Sheriff's Department.
Collier County is the site of the first oil well dug in the state of Florida. According to the U.S. Department of Housing and Urban Development (HUD), Collier County was one of the communities in the nation most impacted by the foreclosure crisis of 2008, but it is slowly picking back up again. The coastal areas in the western portion of the county are the centers of population, while interior areas are more devoted to agriculture.
One of the ten wealthiest cities in the U.S. per capita, the county seat of Naples is home for around 20,000. The city?s population is heavy on retirees, with half of residents over the age of 62. Nonetheless, the city has a strong economy and is the headquarters for about 10,000 businesses, including ASG Software Solutions, Beasley Broadcast Group, and Newsbank.
Marco Island is located off the mainland coast. Nearly half of the 16,000 residents are over 65. The developed island is a tourist destination.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 5261 Palmetto Woods Dr | Single Family | 12,162 | B |
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| 5311 Palmetto Woods Dr | Single Family | 2,405 | C |
|
| 5241 Palmetto Woods Dr | Single Family | 4,979 | B |
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| 5385 Palmetto Woods Dr | Single Family | 9,800 | C |
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| 5389 Palmetto Woods Dr | Single Family | 3,107 | C |
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| 5231 Palmetto Woods Dr | Single Family | 3,983 | C |
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Local Household Income
The median household income in this part of Florida is $78,156. The bottom 10% of the population earn less than $26,365 per year. The top 10% earn more than $300,037 per year. The top 1% earn more than $692,093 per year. Most renters earn between $32,112 (20th percentile) and $61,224 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $156,312 and $195,390.
The tax assessed value of this property places it in percentile 83 of all properties in this area. This suggests it would appeal to someone earning around $197,554 per year who should qualify for a mortgage between $395,108 and $493,885.
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 $1,039. Most renters earn between $2,676 and $5,102 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $791 (20th percentile) to $1,538 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 83 of all properties in this area. This corresponds to a rent of $1,647 per month and a monthly household income of $5,246 ($62,952 per year)
Nearby Companies
5389 Palmetto Woods Dr
5311 Palmetto Woods Dr
5281 Palmetto Woods Dr