658 5th Ave Ocean, Marathon

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

AddressTypeSq FtClass 
11688 6 Ave Ocean Single Family 1,428 B
11625 5th Ave Ocean Single Family 1,504 B
699 116th St Ocean Single Family 1,176 B
11683 6th Ave Ocean Multi-family - less than 10 units 3,415 B
598 4th Ave Ocean Single Family 837 B
11689 4th Ave Ocean Single Family 973 B
11611 6th Ave Ocean Multi-family - less than 10 units 2,176 B
587 116th St Ocean Single Family 832 B
11548 6th Ave Ocean Single Family 821 B
585 116th St Ocean Single Family 984 B
11585 6th Ave Ocean Single Family 1,331 B
11705 5th Ave Ocean Single Family 1,632 B
11554 5th Ave Ocean Single Family 1,222 B
11710 5th Ave Ocean Single Family 1,090 B
11507 5th Ave Ocean Single Family 1,868 B
11688 4th Ave Ocean Single Family 1,275 B
11555 6th Ave Ocean Single Family 1,715 B
11528 6th Ave Ocean Single Family 837 B
487 116th St Ocean Single Family 907 B
11563 4th Ave Ocean Single Family 1,637 B
398 116th 3rd Ave Ocean Single Family 804 B
368 3rd Ave Ocean Single Family 1,170 B
11715 5th Ave Ocean Single Family 2,446 B
475 117th St Ocean Single Family 1,160 B
11525 E 6th Ave Ocean Single Family 1,294 B
11554 4th Ave Ocean Single Family 732 B
11587 3rd Ave Ocean Single Family 850 B
11720 5th Ave Ocean Single Family 907 B
335 117th St Ocean Single Family 484 B
Vacant Lot 3rd Ave Vacant Residential 0 L
325 117th St Ocean Single Family 484 B
11725 5th Ave Ocean Single Family 2,368 B
298 116th St Ocean Single Family 808 B
3rd Ave Ocean Vacant Residential 0 L
11725 3rd Ave Ocean Single Family 854 B
11499 5th Ave Ocean Single Family 635 B
11740 5th Ave Ocean Single Family 1,080 B
11586 3rd Ave Ocean Single Family 1,221 A
235 117th St Ocean Single Family 755 B
11458 6th Ave Ocean Single Family 691 B
11499 6th Ave Ocean Single Family 1,778 B
225 117th St Ocean Single Family 748 B
11685 2nd Ave Ocean Multi-family - less than 10 units 1,008 B
265 116th St Multi-family - less than 10 units 1,123 B
11456 5th St Ocean Single Family 645 B
11552 3rd Ave Ocean Single Family 932 B
400 117th St Ocean Single Family 1,365 B
11745 5th Ave Ocean Single Family 1,626 B
11750 5th Ave Ocean Single Family 573 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 59 of all properties in this area. This suggests it would appeal to someone earning around $72,543 per year who should qualify for a mortgage between $145,086 and $181,358.

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 59 of all properties in this area. This corresponds to a rent of $1,335 per month and a monthly household income of $3,673 ($44,076 per year)

Nearby Companies

Alberto Cards, Inc.
265 116th St Ocean 8
The Foundation Wilson Inc.
3498 Ne 56th Ave
Paulette Thompson P.A.
11602 116th Street Ocean
R.B. Knot, Inc.
11602 116th Street Ocean
Cotelo Holdings Family Limited Partnership
11683 6th Ave Ocean
Ameristar Contracting Group, Inc.
11683 6th Ave Ocean
Disclaimers and Disclosures

Public Records Data

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