12222 Overseas Hwy, 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
Address | Type | Sq Ft | Class | |
---|---|---|---|---|
123rd St Gulf | Mixed use - store and office or store and residential or residential combination | 4,730 | B | |
12188 Overseas Hwy | Mixed use - store and office or store and residential or residential combination | 8,440 | B | |
300 122nd St Gulf | Single Family | 840 | B | |
Rt Of #402 | Church | 0 | L | |
12300 Overseas Hwy | Repair service shop (excluding automotive) | 6,300 | B | |
325 122nd St Gulf | Church | 6,274 | B | |
402 122nd St Gulf | Single Family | 720 | B | |
300 123rd St Gulf | Single Family | 2,140 | B | |
12235 Overseas Hwy | Mixed use - store and office or store and residential or residential combination | 4,190 | B | |
12350 Overseas Hwy | Single Family | 1,784 | B | |
203 124th St Gulf | Multi-family - less than 10 units | 1,596 | B | |
12221 Overseas Hwy | Store, one story | 2,498 | B | |
400 123rd St Gulf | Single Family | 1,296 | B | |
303 124th St Gulf | Multi-family - less than 10 units | 1,450 | B | |
12020 Overseas Hwy | Hotel or motel | 3,638 | B | |
408 122nd St Gulf | Single Family | 1,052 | B | |
501 123rd St Gulf | Single Family | 2,015 | B | |
403 124th St Gulf | Multi-family - less than 10 units | 1,450 | B | |
421 121st St Gulf | Single Family | 1,803 | B | |
423 121st St Gulf | Single Family | 1,979 | B | |
Vacant Overseas Hwy | Vacant Commercial | 0 | L | |
425 121st St Gulf | Single Family | 1,441 | B | |
500 123rd St Gulf | Single Family | 2,174 | B | |
12420 Overseas Hwy | Mixed use - store and office or store and residential or residential combination | 1,416 | B | |
419 121st St Gulf | Single Family | 3,841 | B | |
503 124th St Gulf | Multi-family - less than 10 units | 1,450 | B | |
435 121st St Gulf | Single Family | 3,040 | B | |
12399 Overseas Hwy Reception Building | Mixed use - store and office or store and residential or residential combination | 1,920 | B | |
12000 Overseas Hwy | Mixed use - store and office or store and residential or residential combination | 4,275 | B | |
412 122nd St Gulf | Single Family | 2,358 | B | |
Overseas Hwy | Mixed use - store and office or store and residential or residential combination | 1,240 | B | |
210 120th St Gulf | Single Family | 936 | B | |
212 120th Gulf | Single Family | 1,002 | B | |
760 122nd St Ocean | Single Family | 1,008 | B | |
212 120th St Gulf | Single Family | 1,002 | B | |
603 124th St Gulf | Multi-family - less than 10 units | 1,450 | B | |
112400 Overseas Hwy | Condominium | 1,493 | L | |
12400 Overseas Hwy | Condominium | 1,493 | L | |
12400 Overseas Hwy | Condominium | 1,493 | L | |
12400 Overseas Hwy | Condominium | 1,493 | L | |
12400 Overseas Hwy | Condominium | 1,493 | L | |
12400 Overseas Hwy | Condominium | 1,493 | L | |
12400 Overseas Hwy | Condominium | 1,493 | L | |
12400 Overseas Hwy | Condominium | 1,493 | L | |
12400 Overseas Hwy | Condominium | 1,493 | L | |
12400 Overseas Hwy | Condominium | 1,493 | L | |
12400 Overseas Hwy | Condominium | 1,493 | L | |
12400 Overseas Hwy | Condominium | 1,493 | L | |
12400 Overseas Hwy | Condominium | 1,493 | L |
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.
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%.
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