100 Palermo Dr, Plantation Key
Monroe County Real Estate - Islamorada
Islamorada is in South East Florida. Islamorada is approximately 65 miles from Miami (population 399,457) and around 68 miles from Hialeah (population 224,669).
Islamorada 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 | |
|---|---|---|---|---|
| 106 Palermo Dr | Single Family | 1,836 | B |
 |
| 105 Palermo Dr | Single Family | 1,594 | B |
|
| 111 Palermo Dr | Multi-family - less than 10 units | 2,176 | B |
|
| 112 Palermo Dr | Single Family | 1,728 | B |
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| 101 San Remo Dr | Single Family | 2,784 | B |
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| 103 San Remo Dr | Single Family | 2,412 | C |
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| 115 Palermo Dr | Single Family | 1,370 | C |
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| 105 San Remo Dr | Single Family | 3,729 | B |
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| 118 Palermo Dr | Single Family | 1,200 | B |
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| 107 San Remo Dr | Single Family | 1,848 | B |
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| 110 Porto Salvo Dr | Office building, non-professional service building, multi-story | 1,596 | B |
|
| 121 Palermo Dr | Single Family | 840 | B |
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| 124 Palermo Dr | Single Family | 2,229 | B |
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| 100 San Remo Dr | Single Family | 1,964 | B |
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| 104 San Remo Dr | Single Family | 1,111 | B |
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| 85996 Overseas Hwy | Office building, non-professional service building, multi-story | 2,050 | B |
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| 120 Porto Salvo Dr | Office building, non-professional service building, one story | 1,000 | A |
|
| 123 Palermo Dr | Single Family | 2,000 | B |
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| 85992 Overseas Hwy | Office building, non-professional service building, multi-story | 1,568 | B |
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| 106 San Remo Dr | Single Family | 1,952 | B |
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| 85988 Overseas Hwy | Vacant Commercial | 0 | L | |
| 121 San Remo Dr | Single Family | 896 | B |
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| 85994 Overseas Hwy | Office building, non-professional service building, multi-story | 1,960 | B |
|
| 112 San Remo Dr | Single Family | 1,092 | B |
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| 126 Palermo Dr | Single Family | 1,326 | B |
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| 85970 Overseas Hwy | Airport (private or commercial), bus terminal, marine terminal, pier or marina. | 0 | B | |
| 85998 Overseas Hwy | Office building, non-professional service building, multi-story | 1,568 | B |
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| 127 Palermo Dr | Multi-family - less than 10 units | 2,688 | B |
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| 130 Porto Salvo Dr | Office building, non-professional service building, one story | 1,568 | A |
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| 116 San Remo Dr | Single Family | 2,052 | B |
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| 85999 Overseas Hwy | Mixed use - store and office or store and residential or residential combination | 1,820 | B |
|
| 120 San Remo Dr | Single Family | 2,658 | B |
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| 85968 Overseas Hwy | Office building, non-professional service building, one story | 700 | 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 89 of all properties in this area. This suggests it would appeal to someone earning around $156,307 per year who should qualify for a mortgage between $312,614 and $390,768.
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 89 of all properties in this area. This corresponds to a rent of $2,093 per month and a monthly household income of $5,840 ($70,080 per year)
Nearby Companies
85996 Overseas Hwy
85996 Overseas Hwy
85992 Overseas Hwy
85992 Overseas Hwy
85992 Overseas Hwy
85998 Overseas Hwy
85998 Overseas Hwy
85998 Overseas Hwy
85999 Overseas Hwy
111 Palermo Dr
112 Palermo Dr
120 Porto Salvo Dr
130 Porto Salvo Dr
130 Porto Salvo Dr