2511 Flagler Ave, Key West
Monroe County Real Estate - Key West
Key West is in South East Florida. It's population as recorded in the 2010 Census was 24,649. Key West is approximately 129 miles from Miami (population 399,457) and around 130 miles from Hialeah (population 224,669).
The median age for residents of Key West is 41.5. Around 19.9% of Key West households include school aged children and 22.9% of households include individuals aged 65 years or over. Census records indicate 83.7% of the Key West population are White, 9.7% are Black or African American, .4% American Indian, 1.6% Asian and 2% are Two or more Races. Key West has a significant Hispanic population. 21.2% (5,228) of Key West residents are of Hispanic or Latino origin. Of these 11.59% are of Mexican origin, 7.74% Puerto Rican, 46.32% Cuban and 34.33% are of other Hispanic or Latino origin.
There are 14,107 housing units in Key West. 3,178 (22.5%) of these were reported as vacant in the 2010 Census. Key West is a tourist destination, 60.8% (1,935) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 6,941 residential rental units in Key West. 6,409 of them were occupied in 2010 providing a residential rental vacancy rate of 7.1%.
Key West 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 | |
|---|---|---|---|---|
| 2513 Flagler Ave | Single Family | 1,426 | B |
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| 2505 Flagler Ave | Professional service building | 3,552 | A |
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| 2515 Flagler Ave | Single Family | 1,622 | B |
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| 2510 Staples Ave | Single Family | 862 | B |
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| 2514 Staples Ave | Multi-family - less than 10 units | 2,174 | B |
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| 2504 Staples Ave | Single Family | 2,452 | B |
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| 2518 Staples Ave | Single Family | 2,342 | B |
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| 2500 Staples Ave | Single Family | 2,414 | B |
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| 2523 Flagler Ave | Condominium | 691 | L |
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| 2527 Flagler Ave | Condominium | 691 | L |
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| 2521 Flagler Ave | Condominium | 691 | L |
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| 2525 Flagler Ave | Condominium | 691 | L |
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| 2522 Staples Ave | Single Family | 1,370 | B |
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| 1501 Government Rd | Professional service building | 2,445 | B |
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| 2432 Flagler Ave | Office building, non-professional service building, one story | 4,459 | A |
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| 2530 Staples Ave | Single Family | 2,016 | B |
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| 1420 7th St | Single Family | 1,683 | B |
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| 2508 Flagler Ave | Single Family | 1,971 | B |
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| 2421 Flagler Ave | Single Family | 1,125 | B |
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| 2428 Flagler Ave | Single Family | 2,124 | B |
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| 2509 Staples Ave | Single Family | 838 | B |
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| 2513 Staples Ave | Multi-family - less than 10 units | 1,224 | B |
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| 2422 Staples Ave | Single Family | 924 | B |
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| 2501 Staples Ave | Multi-family - less than 10 units | 2,614 | B |
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| 2515 Staples Ave | Multi-family - less than 10 units | 1,751 | B |
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| 2514 Flagler Ave | Single Family | 1,008 | B |
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| 2424 Flagler Ave | Single Family | 1,344 | B |
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| 2603 Flagler Ave | Multi-family - less than 10 units | 1,008 | B |
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| 2419 Flagler Ave | Single Family | 1,092 | B |
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| 2519 Staples Ave | Single Family | 2,071 | B |
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| 1417 8th St | Single Family | 1,350 | B |
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| 2418 Staples Ave | Single Family | 1,080 | B |
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| 2417 Staples Ave | Multi-family - less than 10 units | 1,620 | B |
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| 1517 Government Rd | Single Family | 1,008 | B |
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| 2418 Flagler Ave | Single Family | 1,639 | B |
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| 2433 Linda Ave | Single Family | 2,099 | B |
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| 2607 Flagler Ave | Multi-family - less than 10 units | 2,576 | B |
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| 2417 Flagler Ave | Single Family | 1,344 | B |
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| 1313 7th St | Single Family | 672 | B |
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| 2507 Linda Ave | Single Family | 2,053 | B |
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| 2413 And 2415 Staples Ave | Multi-family - less than 10 units | 1,620 | B |
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| 2429 Linda Ave | Single Family | 1,080 | B |
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| 2606 Staples Ave | Multi-family - less than 10 units | 1,741 | B |
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| 2506 Seidenberg Ave | Single Family | 1,922 | B |
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| 2508 Seidenberg Ave | Single Family | 1,092 | B |
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| 2504 Seidenberg Ave | Single Family | 1,519 | B |
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| 2518 Seidenberg Ave | Single Family | 1,916 | B |
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| 2513 Linda Ave | Single Family | 1,673 | 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 77 of all properties in this area. This suggests it would appeal to someone earning around $106,793 per year who should qualify for a mortgage between $213,586 and $266,983.
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 77 of all properties in this area. This corresponds to a rent of $1,700 per month and a monthly household income of $4,694 ($56,328 per year)
Nearby Companies
2515 Seidenberg Ave
2508 Seidenberg Ave
2518 Seidenberg Ave
2609 Staples Ave
2609 Staples Ave
1417 8th St
2627 Staples Ave B
2501 Staples Ave
2501 Staples Ave
2501 Staples Ave
2501 Staples Ave
2501 Staples Ave
2504 Staples
1512 7th Ter
2421 Linda Ave
2424 Flagler Ave
2503 Flagler Ave
2428 Flagler Ave
2505 Flagler Ave
2505 Flagler Ave
2505 Flagler Ave
2505 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2432 Flagler Ave
2525 Flagler Ave
2527 Flagler Ave
2527 Flagler Ave
1501 Government Rd
2508 Flagler Ave
2514 Flagler Ave
2609 Flagler Ave
2513 Linda Ave