22 Bay Dr, Saddlebunch Key
Monroe County Real Estate - Summerland Key
Summerland Key is in South East Florida. Summerland Key is approximately 109 miles from Miami (population 399,457) and around 110 miles from Hialeah (population 224,669).
Summerland Key links:
Links
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 | |
|---|---|---|---|---|
| 20 Bay Dr | Single Family | 1,140 | B |
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| 24 Bay Dr | Single Family | 1,080 | B |
|
| 26 Bay | Single Family | 1,065 | C |
|
| 18 Bay Dr | Single Family | 1,806 | B |
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| 43 Palm Dr | Single Family | 0 | B | |
| 45 Palm Dr | Vacant Residential | 0 | L | |
| 41 Palm Dr | Mobile Home | 552 | B |
|
| 39 Palm Dr | Single Family | 2,250 | B |
|
| 47 Palm Dr | Mobile Home | 504 | B |
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| 17 Bay Dr | Single Family | 888 | B |
|
| 37 Palm Dr | Single Family | 0 | B | |
| 3 Boulder Dr | Single Family | 950 | B |
|
| 28 Bay Dr | Single Family | 1,120 | B |
|
| 49 Palm Dr | Mobile Home | 432 | B |
|
| 16 Bay Dr | Single Family | 2,538 | B |
|
| 35 Palm Dr | Single Family | 1,173 | B |
|
| 5 Boulder Dr | Vacant Residential | 0 | L | |
| 15 Bay Dr | Single Family | 2,028 | B |
|
| 33 Palm Dr | Single Family | 960 | B |
|
| 8 Boulder Dr | Single Family | 2,515 | B |
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| 29 Bay Dr | Vacant Residential | 0 | L | |
| 51 Palm Dr | Mobile Home | 1,234 | B |
|
| 36 Palm Dr | Mobile Home | 500 | B |
|
| 31 Palm Dr | Single Family | 1,399 | B |
|
| 34 Palm Dr | Mobile Home | 560 | B |
|
| 30 Bay Dr | Single Family | 1,299 | B |
|
| 14 Bay Dr | Single Family | 2,062 | B |
|
| 7 Boulder Dr | Single Family | 1,769 | B |
|
| 32 Palm Dr | Single Family | 1,400 | B |
|
| 13 Bay Dr | Single Family | 1,200 | B |
|
| 29 Palm Dr | Mobile Home | 720 | B |
|
| 55 Palm Dr | Mobile Home | 801 | B |
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| 30 Palm Dr | Mobile Home | 1,248 | B |
|
| 52 Beach Dr | Multi-family - less than 10 units | 1,510 | B |
|
| 27 Palm Dr | Mobile Home | 672 | B |
|
| 28 Palm Dr | Single Family | 1,188 | B |
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| Vacant Palm Dr | Vacant Residential | 0 | L | |
| 58-B Bay Dr | Single Family | 598 | B |
|
| 59 Palm Dr | Single Family | 0 | B | |
| 9 Boulder Dr | Single Family | 2,249 | B |
|
| 42 Palm Dr | Mobile Home | 920 | B |
|
| 11 Bay Dr | Single Family | 1,379 | B |
|
| 26 Palm Dr | Single Family | 0 | B | |
| 12 Bay Dr | Single Family | 962 | B |
|
| 46 Beach Dr | Vacant Residential | 0 | L | |
| 42 Beach Dr | Mobile Home | 912 | B |
|
| 24 Palm Dr | Mobile Home | 573 | C |
|
| 23 Palm Dr | Vacant Residential | 0 | B |
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 63 of all properties in this area. This suggests it would appeal to someone earning around $78,185 per year who should qualify for a mortgage between $156,370 and $195,463.
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 63 of all properties in this area. This corresponds to a rent of $1,406 per month and a monthly household income of $3,831 ($45,972 per year)
Nearby Companies
22 Boulder
52 Beach Dr
24 Boulder Dr
34 Palm Dr
20 Bay Dr
17 Bay Dr
14 Bay Dr
58-B Bay Dr
41 Bay Dr
41 Bay Dr
41 Bay Dr
41 Bay Dr