531 10th St, Key Colony Beach
Monroe County Real Estate - Key Colony Beach
Key Colony Beach is in South East Florida. It's population as recorded in the 2010 Census was 797. Key Colony Beach is approximately 89 miles from Miami (population 399,457) and around 91 miles from Hialeah (population 224,669).
The median age for residents of Key Colony Beach is 61.8. Around 7.6% of Key Colony Beach households include school aged children and 50.6% of households include individuals aged 65 years or over. Census records indicate 98.6% of the Key Colony Beach population are White, .5% are Black or African American, .2% American Indian, .1% Asian and .5% are Two or more Races.
There are 1,431 housing units in Key Colony Beach. 999 (69.8%) of these were reported as vacant in the 2010 Census. Key Colony Beach is a tourist destination, 86.9% (869) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 195 residential rental units in Key Colony Beach. 108 of them were occupied in 2010 providing a residential rental vacancy rate of 42.6%.
Key Colony Beach links:
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Monroe County
Monroe County is part of the southeast Florida region along with Miami-Dade, Indian River, St. Lucie, Martin, Palm Beach, and Broward. Key West is the county seat. Other incorporated municipalities are Marathon, Key Colony Beach, Layton, and Islamorada. The county's population is over 70,000.
Monroe County is the southernmost county in Florida and the continental United States. 99% of the population of Monroe County lives in the Florida Keys, which are wholly contained within Monroe County. Mainland Monroe County is covered by wetlands. Portions of Everglades National Park and Big Cypress National Preserve form the entirety of the section of Monroe County that lies on the peninsula. 22% of the properties in Monroe County are government owned.
The largest industry in Monroe County is tourism. In 2010, The Keys alone had 3.8 million visitors. Major private sector employers are Kmart, HMA, Baptist Mariner's Hospital, HTA, and Hawks Cay Resort. Public employers are US Armed Forces, Monroe County Schools, Monroe County Government, and Florida Keys Community College.
Visitors go to the Keys for the year-round warm weather, sandy beaches, and stunning vistas of both the Atlantic Ocean and Gulf of Mexico. The islands of the Keys offer a variety of maritime recreation opportunities, including boating, fishing, and windsurfing. The Keys are sometimes referred to as the Conch Republic after the islands seceded from the United States in 1982 and immediately surrendered to protest a blockade at the mainlands to search for drugs.
Once the largest city in Florida, Key West is still the southernmost in the lower 48. The cultural and economic heart of Monroe County is at the southern terminus of US 1. The southern islands have long been a naval base, dating back to its establishment in 1823 to combat piracy. Today, Naval Air Station Key West is used as a forward base to combat the narcotics trade in the Caribbean and as a flight training center.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 521 10th St | Single Family | 1,368 | B |
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| 541 10th St | Single Family | 1,878 | B |
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| 511 10th St | Single Family | 915 | B |
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| 551 10th St | Single Family | 1,444 | B |
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| 501 10th St | Single Family | 1,171 | B |
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| 561 10th St | Single Family | 1,023 | B |
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| 491 10th St | Single Family | 1,923 | B |
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| 571 10th St | Single Family | 1,023 | B |
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| 530 10th St | Single Family | 1,183 | B |
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| 540 10th St | Single Family | 1,940 | B |
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| 520 10th St | Single Family | 1,379 | B |
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| 550 10th St | Single Family | 1,940 | B |
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| 510 10th St | Single Family | 1,056 | B |
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| 481 10th St | Single Family | 1,140 | B |
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| 560 10th St | Single Family | 1,318 | B |
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| 500 10th St | Single Family | 1,056 | B |
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| 581 10th St | Single Family | 3,296 | B |
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| 550 11th St | Single Family | 1,125 | B |
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| 560 11th St | Single Family | 2,058 | B |
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| 540 11th St | Single Family | 1,061 | B |
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| 570 10th St | Single Family | 870 | B |
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| 490 10th St | Single Family | 1,328 | B |
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| 570 11th St | Single Family | 2,058 | B |
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| 530 11th St | Single Family | 1,418 | B |
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| 471 10th St | Single Family | 900 | B |
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| 580 11th St | Single Family | 1,141 | B |
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| 520 11th St | Single Family | 1,883 | B |
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| 480 10th St | Single Family | 1,424 | B |
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| 590 11th St | Single Family | 1,141 | B |
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| 510 11th St | Single Family | 1,806 | B |
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| 590 10th St | Multi-family - less than 10 units | 4,053 | B |
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| 461 10th St | Single Family | 900 | B |
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| 601 10th St | Single Family | 1,023 | B |
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| 600 11th St | Single Family | 1,184 | B |
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| 500 11th St | Single Family | 1,806 | B |
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| 470 10th St | Single Family | 2,675 | B |
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| 451 10th St | Single Family | 885 | B |
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| 611 10th St | Single Family | 1,023 | B |
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| 600 10th St | Single Family | 1,570 | B |
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| 610 11th St | Single Family | 1,184 | B |
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| Vacant Land | Vacant Residential | 0 | L | |
| 620 11th St | Single Family | 1,110 | B |
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| 441 10th St | Single Family | 885 | B |
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| 610 10th St | Single Family | 1,570 | B |
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| 450 10th St | Single Family | 990 | B |
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| 621 10th St | Single Family | 2,562 | B |
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| 630 11th St | Single Family | 1,110 | B |
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| 470 11th St | Single Family | 1,080 | B |
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| 491 9th St | Single Family | 885 | B |
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Local Household Income
The median household income in this part of Florida is $59,750. The bottom 10% of the population earn less than $15,113 per year. The top 10% earn more than $164,280 per year. The top 1% earn more than $542,576 per year. Most renters earn between $26,844 (20th percentile) and $59,088 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $119,500 and $149,375.
The tax assessed value of this property places it in percentile 74 of all properties in this area. This suggests it would appeal to someone earning around $100,754 per year who should qualify for a mortgage between $201,508 and $251,885.
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 $1,192. Most renters earn between $2,237 and $4,924 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $756 (20th percentile) to $1,775 (80th percentile) range. The residential vacancy rate is 10%.
This property falls in percentile 74 of all properties in this area. This corresponds to a rent of $1,633 per month and a monthly household income of $4,467 ($53,604 per year)
Nearby Companies
520 11th St
540 9th St
581 10th St
581 10th St
581 10th St