317 Ships Way, Big Pine Key
Monroe County Real Estate - Big Pine Key
Big Pine Key is in South East Florida. It's population as recorded in the 2010 Census was 4,252. Big Pine Key is approximately 104 miles from Miami (population 399,457) and around 106 miles from Hialeah (population 224,669).
The median age for residents of Big Pine Key is 49.7. Around 17.9% of Big Pine Key households include school aged children and 27.5% of households include individuals aged 65 years or over. Census records indicate 94.6% of the Big Pine Key population are White, 1.7% are Black or African American, .3% American Indian, .7% Asian and 1.7% are Two or more Races.
There are 2,981 housing units in Big Pine Key. 1,025 (34.3%) of these were reported as vacant in the 2010 Census. Big Pine Key is a tourist destination, 68.8% (706) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 734 residential rental units in Big Pine Key. 594 of them were occupied in 2010 providing a residential rental vacancy rate of 17.4%.
Big Pine Key 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 | |
|---|---|---|---|---|
| 324 Sunset Rd | Single Family | 864 | B |
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| 278 Sunset Rd | Single Family | 1,147 | B |
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| 29685 Independence Ave | Single Family | 1,292 | B |
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| 330 Sunset Rd | Single Family | 864 | B |
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| 263 Ships Way | Single Family | 1,097 | B |
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| 29686 Saratoga Ave | Single Family | 1,480 | B |
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| 348 Sunset Rd | Single Family | 864 | B |
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| 255 Ships Way | Single Family | 900 | B |
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| 29680 Saratoga Ave | Single Family | 948 | B |
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| 29756 Springtime Rd | Single Family | 1,182 | B |
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| 254 Sunset Rd | Single Family | 896 | B |
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| 29683 Ranger Ave | Single Family | 1,196 | B |
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| 29757 Springtime Rd | Single Family | 1,241 | B |
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| 357 Ships Way | Single Family | 1,187 | B |
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| 29687 Saratoga Ave | Single Family | 1,258 | B |
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| 29755 Frostproof Rd | Single Family | 1,152 | B |
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| 29758 Springtime Rd | Single Family | 1,040 | B |
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| 29672 Saratoga Ave | Single Family | 1,458 | B |
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| 250 Sunset Rd | Single Family | 1,632 | B |
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| 29670 Independence Ave | Single Family | 1,188 | B |
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| 29681 Saratoga Ave | Single Family | 960 | B |
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| 239 Ships Way | Single Family | 912 | B |
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| 29767 Frostproof Rd | Single Family | 960 | B |
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| 29780 Springtime Rd | Single Family | 1,102 | B |
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| 29677 Ranger Ave | Single Family | 912 | B |
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| 29664 Saratoga Ave | Single Family | 2,136 | B |
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| 29673 Saratoga Ave | Single Family | 1,150 | B |
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| 29782 Tropical Trader Rd | Single Family | 960 | B |
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| 231 Ships Way | Single Family | 1,300 | B |
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| 29688 Forrestal Ave | Single Family | 1,928 | B |
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| 29651 Independence Ave | Single Family | 1,280 | B |
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| 29652 Saratoga Ave | Single Family | 1,200 | B |
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| 29682 Forrestal Ave | Single Family | 1,318 | B |
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| 29766 Frostproof Rd | Single Family | 1,256 | B |
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| 223 Ships Way | Single Family | 960 | B |
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| 29661 Ranger Ave | Single Family | 1,140 | 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 52 of all properties in this area. This suggests it would appeal to someone earning around $62,468 per year who should qualify for a mortgage between $124,936 and $156,170.
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 52 of all properties in this area. This corresponds to a rent of $1,230 per month and a monthly household income of $3,359 ($40,308 per year)
Nearby Companies
348 Sunset Rd
348 Sunset Rd
29688 Forrestal Ave
29688 Forrestal Ave
29688 Forrestal Ave
29688 Forrestal Ave
29688 Forrestal Ave
29688 Forrestal Ave
29688 Forrestal Ave
29688 Forrestal Ave
29688 Forrestal Ave
29688 Forrestal Ave
223 Ships Way