940 Plantation Rd, Key Largo
Monroe County Real Estate - Key Largo
Key Largo is in South East Florida. It's population as recorded in the 2010 Census was 10,433. Key Largo is approximately 50 miles from Miami (population 399,457) and around 54 miles from Hialeah (population 224,669).
The median age for residents of Key Largo is 47.8. Around 21.9% of Key Largo households include school aged children and 29.9% of households include individuals aged 65 years or over. Census records indicate 93% of the Key Largo population are White, 2.3% are Black or African American, .5% American Indian, .7% Asian and 1.8% are Two or more Races. Key Largo has a significant Hispanic population. 23.6% (2,471) of Key Largo residents are of Hispanic or Latino origin. Of these 21.2% are of Mexican origin, 4.97% Puerto Rican, 55.84% Cuban and 17.96% are of other Hispanic or Latino origin.
There are 8,459 housing units in Key Largo. 3,753 (44.3%) of these were reported as vacant in the 2010 Census. Key Largo is a tourist destination, 78.2% (2,938) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,922 residential rental units in Key Largo. 1,607 of them were occupied in 2010 providing a residential rental vacancy rate of 14.7%.
Key Largo 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 | |
|---|---|---|---|---|
| 957 Plantation Rd | Mobile Home | 840 | C |
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| 328 Lake Surprise Blvd | Mobile Home | 696 | B |
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| 334 Lake Surprise Rd | Single Family | 1,152 | B |
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| 322 Lake Surprise Blvd | Mobile Home | 1,344 | B |
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| 959 Plantation Rd | Mobile Home | 672 | C |
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| 339 Windley Rd | Single Family | 1,529 | B |
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| 963 Plantation Rd | Mobile Home | 672 | B |
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| 341 Windley Rd | Mobile Home | 672 | C |
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| 329 Windley Rd | Mobile Home | 1,010 | B |
|
| 965 Plantation Rd | Mobile Home | 672 | C |
|
| 316 Lake Surprise Blvd | Mobile Home | 778 | B |
|
| 955 Plantation Rd | Vacant Residential | 0 | L | |
| 327 Windley Rd | Mobile Home | 672 | C |
|
| 1 Mangrove Ln | Single Family | 2,296 | B |
|
| 967 Plantation Rd | Mobile Home | 854 | B |
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| 953 Plantation Rd | Single Family | 1,269 | B |
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| 758 Largo Rd | Mobile Home | 969 | B |
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| 756 Largo Rd | Mobile Home | 672 | B |
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| 969 Plantation Rd | Mobile Home | 1,344 | B |
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| 760 Largo Rd | Mobile Home | 672 | B |
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| 754 Largo Rd | Mobile Home | 798 | B |
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| 762 Largo Rd | Single Family | 1,400 | B |
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| 321 Windley Rd | Multi-family - less than 10 units | 1,896 | B |
|
| 2 Mangrove Ln | Single Family | 960 | B |
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| 329 Lake Surprise Blvd | Single Family | 1,269 | B |
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| 949 Plantation Rd | Vacant Residential | 0 | L | |
| 335 Lake Surprise Blvd | Single Family | 1,800 | B |
|
| 752 Largo Rd | Mobile Home | 624 | B |
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| 319 Lake Surprise Blvd | Mobile Home | 1,404 | B |
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| 344 Windley Rd | Single Family | 1,288 | A |
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| 764 Largo Rd | Mobile Home | 1,150 | B |
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| 971 Plantation Rd | Mobile Home | 672 | C |
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| 338 Windley Rd | Single Family | 1,248 | B |
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| 317 Lake Surprise Blvd | Mobile Home | 672 | B |
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| 750 Largo Rd | Mobile Home | 792 | B |
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| 332 Windley Rd | Single Family | 1,248 | B |
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| 766 Largo Rd | Single Family | 1,364 | B |
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| 947 Plantation Rd | Mobile Home | 798 | B |
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| 3 Mangrove Ln | Single Family | 1,350 | B |
|
| 326 Windley Rd | Single Family | 1,248 | B |
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| 748 Largo Rd | Mobile Home | 840 | C |
|
| 768 Largo Rd | Mobile Home | 460 | B |
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| 311 Lake Surprise Blvd | Multi-family - less than 10 units | 2,422 | C |
|
| 320 Windley Rd | Single Family | 0 | A | |
| 945 Plantation Rd | Mobile Home | 1,944 | B |
|
| 4 Mangrove Ln | Single Family | 1,120 | B |
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| 746 Largo Rd | Single Family | 576 | A |
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| 314 Windley Rd | Mobile Home | 668 | B |
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| 973 Plantation Rd | Mobile Home | 1,568 | 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 46 of all properties in this area. This suggests it would appeal to someone earning around $53,601 per year who should qualify for a mortgage between $107,202 and $134,003.
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 46 of all properties in this area. This corresponds to a rent of $1,122 per month and a monthly household income of $3,175 ($38,100 per year)
Nearby Companies
957 Plantation Rd
957 Plantation Rd
744 Largo Rd
744 Largo Rd
106240 Overseas Hwy
106240 Overseas Hwy
106240 Overseas Hwy
766 Largo Rd
802 Largo Rd
344 Windley Rd
326 Windley Rd
1-32 Mangrove Ln
949 Plantation Rd
945 Plantation Rd
945 Plantation Rd
945 Plantation Rd