7219 Simran Ln, Duck Key
Monroe County Real Estate - Marathon
Marathon is in South East Florida. It's population as recorded in the 2010 Census was 8,297. Marathon is approximately 86 miles from Miami (population 399,457) and around 88 miles from Hialeah (population 224,669).
The median age for residents of Marathon is 47.9. Around 22.2% of Marathon households include school aged children and 29.6% of households include individuals aged 65 years or over. Census records indicate 90.4% of the Marathon population are White, 4.7% are Black or African American, .3% American Indian, 1% Asian and 1.8% are Two or more Races. Marathon has a significant Hispanic population. 26.8% (2,224) of Marathon residents are of Hispanic or Latino origin. Of these 13.44% are of Mexican origin, 3.95% Puerto Rican, 56.47% Cuban and 26.12% are of other Hispanic or Latino origin.
There are 6,187 housing units in Marathon. 2,469 (39.9%) of these were reported as vacant in the 2010 Census. Marathon is a tourist destination, 67.7% (1,673) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,126 residential rental units in Marathon. 1,677 of them were occupied in 2010 providing a residential rental vacancy rate of 20.2%.
Marathon links:
Links
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 | |
|---|---|---|---|---|
| 7217 Simran Ln | Single Family | 1,960 | B |
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| 7221 Simran Ln | Single Family | 1,760 | B |
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| Simran Ln | Mining land, petroleum land, or gas land | 0 | L | |
| 7223 Simran Ln | Single Family | 1,620 | B |
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| 7215 Simran Ln | Single Family | 1,760 | B |
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| 7213 Simran Ln | Single Family | 1,620 | B |
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| 7224 Simran Ln | Single Family | 1,760 | B |
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| 7222 Simran Ln | Single Family | 1,760 | B |
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| 7226 Simran Ln | Single Family | 1,760 | B |
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| 7220 Simran Ln | Single Family | 1,760 | B |
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| 7211 Simran Ln | Single Family | 1,760 | B |
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| 7218 Simran Ln | Single Family | 1,620 | B |
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| 7228 Simran Ln | Single Family | 1,620 | B |
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| 7216 Simran Ln | Single Family | 1,760 | B |
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| 7209 Simran Ln | Single Family | 1,760 | B |
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| 7214 Simran Ln | Single Family | 1,620 | B |
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| 7212 Simran Ln | Single Family | 1,760 | B |
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| 7207 Simran Ln | Single Family | 1,760 | B |
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| 61 Hawk'S Cay Blvd | Hotel or motel | 43,981 | B |
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| 7210 Simran Ln | Single Family | 0 | B | |
| 7205 Simran Ln | Single Family | 1,620 | B |
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| 7208 Simran Ln | Single Family | 1,760 | B |
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| 1129 Pebble Beach Ln | Condominium | 860 | L |
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| 1129 Pebble Beach Ln | Condominium | 860 | L |
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| 1129 Pebble Beach Ln | Condominium | 860 | L |
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| 1129 Pebble Beach Ln | Condominium | 860 | L |
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| 1129 Pebble Beach Ln | Condominium | 860 | L |
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| 1129 Pebble Beach Ln | Condominium | 860 | L |
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| 1129 Pebble Beach Ln | Condominium | 860 | L |
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| 1129 Pebble Beach Ln | Condominium | 860 | L |
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| 1129 Pebble Beach Ln | Condominium | 860 | L |
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| 1129 Pebble Beach Ln | Condominium | 860 | L |
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| 1129 Pebble Beach Ln | Condominium | 860 | L |
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| 1129 Pebble Beach Ln | Condominium | 560 | L |
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| 7203 Simran Ln | Single Family | 1,760 | B |
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| 7101 Harbor Village Dr | Single Family | 930 | B |
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| 7206 Simran Ln | Single Family | 1,760 | B |
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| Sunset Village Dr | Vacant Residential | 0 | L | |
| 7104 Harbor Village Dr | Single Family | 942 | B |
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| 7102 Harbor Village Dr | Single Family | 900 | B |
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| 7103 Harbor Village Dr | Single Family | 930 | B |
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| 7105 Harbor Village Dr | Single Family | 942 | B |
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| 7201 Simran Ln | Single Family | 1,760 | B |
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| 7204 Simran Ln | Single Family | 1,760 | B |
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| 5080 Sunset Village Dr | Single Family | 780 | B |
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| 5081 Sunset Village Dr | Single Family | 900 | B |
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| 7202 Simran Ln | Single Family | 1,760 | B |
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| 5083 Sunset Village Dr | Single Family | 900 | B |
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| 5082 Sunset Village Dr | Single Family | 900 | 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 79 of all properties in this area. This suggests it would appeal to someone earning around $113,853 per year who should qualify for a mortgage between $227,706 and $284,633.
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 79 of all properties in this area. This corresponds to a rent of $1,753 per month and a monthly household income of $4,822 ($57,864 per year)
Nearby Companies
1129 Pebble Beach Ln
5087 Sunset Village Dr
5084 Sunset Village Dr
230 Harbor Village Ln
230 Harbor Village Ln
117 Harbor Village Ln
236 Harbor Village Ln
270 Harbor Village Ln