138 Royal Ln, Plantation Key
Monroe County Real Estate - Tavernier
Tavernier is in South East Florida. It's population as recorded in the 2010 Census was 2,136. Tavernier is approximately 56 miles from Miami (population 399,457) and around 60 miles from Hialeah (population 224,669).
The median age for residents of Tavernier is 47.6. Around 22.4% of Tavernier households include school aged children and 27.7% of households include individuals aged 65 years or over. Census records indicate 94.8% of the Tavernier population are White, 1.5% are Black or African American, .5% American Indian, .4% Asian and 1.7% are Two or more Races. Tavernier has a significant Hispanic population. 29.4% (628) of Tavernier residents are of Hispanic or Latino origin. Of these 4.61% are of Mexican origin, 4.14% Puerto Rican, 73.56% Cuban and 17.67% are of other Hispanic or Latino origin.
There are 1,922 housing units in Tavernier. 948 (49.3%) of these were reported as vacant in the 2010 Census. Tavernier is a tourist destination, 83.5% (792) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 435 residential rental units in Tavernier. 387 of them were occupied in 2010 providing a residential rental vacancy rate of 10.1%.
Tavernier 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 | |
|---|---|---|---|---|
| 130 Royal Ln | Single Family | 1,706 | B |
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| 223 Plantation Blvd | Single Family | 1,254 | B |
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| 137 Royal Ln | Single Family | 1,229 | B |
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| 218 Plantation Blvd | Single Family | 3,868 | B |
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| 214 Plantation Blvd | Single Family | 3,093 | B |
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| 133 Royal Ln | Single Family | 1,272 | B |
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| 220 Plantation Blvd | Single Family | 3,131 | B |
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| 129 Royal Ln | Multi-family - less than 10 units | 1,538 | C |
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| 206 Plantation Blvd. | Single Family | 2,338 | B |
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| 210 Plantation Blvd | Single Family | 4,512 | B |
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| 125 Pippin Dr | Single Family | 1,837 | B |
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| 129 Pippin Dr | Single Family | 1,754 | B |
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| 127 Royal Ln | Single Family | 1,888 | B |
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| 219 Plantation Blvd | Single Family | 1,914 | B |
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| 138 Palm Ln | Single Family | 1,962 | B |
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| 121 W Pippin Dr | Single Family | 2,000 | B |
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| 134 Palm Ln | Single Family | 1,429 | B |
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| 133 Pippin Dr | Single Family | 2,487 | B |
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| 118 Royal Ln | Single Family | 1,536 | B |
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| 202 Plantation Blvd | Single Family | 2,975 | B |
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| 123 Royal Ln | Single Family | 0 | B | |
| 117 W Pippin Dr | Single Family | 2,149 | B |
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| 130 Palm Ln | Single Family | 2,796 | B |
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| 113 W Pippin Dr | Single Family | 2,101 | B |
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| 117 Royal Ln | Single Family | 1,422 | C |
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| 198 Plantation Blvd | Single Family | 2,260 | 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 50 of all properties in this area. This suggests it would appeal to someone earning around $59,750 per year who should qualify for a mortgage between $119,500 and $149,375.
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 50 of all properties in this area. This corresponds to a rent of $1,192 per month and a monthly household income of $3,305 ($39,660 per year)
Nearby Companies
220 Plantation Blvd
220 Plantation Blvd
138 Royal Ln
138 Royal Ln
138 Royal Ln
113 W Pippin Dr
113 W Pippin Dr
219 Plantation Blvd
127 Royal Ln
127 Royal Ln
130 Palm Ln