22939 Sharp Ln, Cudjoe Key
Monroe County Real Estate - Summerland Key
Summerland Key is in South East Florida. Summerland Key is approximately 109 miles from Miami (population 399,457) and around 110 miles from Hialeah (population 224,669).
Summerland Key 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 | |
|---|---|---|---|---|
| 22929 Sharp Ln | Single Family | 912 | B |
 |
| 22938 Drake Ln | Single Family | 1,120 | B |
|
| 22949 Sharp Ln | Single Family | 960 | B |
|
| 22928 Drake Ln | Single Family | 2,128 | B |
|
| 22959 Sharp Ln | Single Family | 1,290 | B |
|
| 22940 Sharp Ln | Single Family | 4,312 | B |
|
| Vacant Land Sharp Ln | Vacant Residential | 0 | L | |
| 22960 Sharp Ln | Single Family | 975 | B |
|
| 22948 Drake Ln | Single Family | 1,660 | B |
|
| 22969 Sharp Ln | Single Family | 1,401 | B |
|
| 22958 Drake Ln | Single Family | 774 | B |
|
| 22927 Drake Ln | Single Family | 1,703 | B |
|
| 22980 Sharp Ln | Single Family | 992 | B |
|
| 22979 Sharp Ln | Single Family | 900 | B |
|
| 22931 Hawkins Ln | Single Family | 2,584 | B |
|
| 22921 Hawkins Ln | Single Family | 1,744 | B |
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| 22941 Hawkins Ln | Single Family | 912 | B |
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| 22968 Drake Ln | Single Family | 960 | B |
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| Vacant Land Drake Ln | Vacant Residential | 0 | L | |
| 22951 Hawkins Ln | Single Family | 780 | B |
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| 22961 Hawkins Ln | Single Family | 1,152 | B |
|
| 22957 Drake Ln | Single Family | 1,008 | B |
|
| 22971 Hawkins Ln | Single Family | 1,142 | B |
|
| 7 Teach Ln | Single Family | 1,420 | B |
|
| 22911 Hawkins Ln | Single Family | 1,288 | B |
|
| 22967 Drake Ln | Single Family | 1,440 | B |
|
| 701 Spanish Main Dr | Vacant Residential | 0 | L | |
| 701 Spanish Main Dr | Vacant Residential | 0 | L | |
| 22981 Hawkins Ln | Single Family | 1,232 | B |
|
| 701 Spanish Main Dr | Mobile Home | 694 | B |
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| 701 Spanish Main Dr | Vacant Residential | 0 | L | |
| 701 Spanish Main Dr | Mobile Home | 864 | B |
|
| 701 Spanish Main Dr | Mobile Home | 464 | B |
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| 701 Spanish Main Dr | Vacant Residential | 0 | L | |
| 22946 Teach Ln | Single Family | 1,158 | B |
|
| 701 Spanish Main Dr | Mobile Home | 828 | B |
|
| 701 Spanish Main | Mobile Home | 320 | B |
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| 22926 Teach Ln | Single Family | 1,368 | B |
|
| Vacant Hawkins Ln | Vacant Residential | 0 | L | |
| 22952 Hawkins Ln | Single Family | 1,440 | B |
|
| 701 Spanish Main Dr | Mobile Home | 628 | B |
|
| 22956 Teach Ln | Single Family | 996 | B |
|
| 22962 Hawkins Ln | Single Family | 1,160 | B |
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| 22910 Hawkins Ln | Single Family | 2,048 | B |
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| 701 Spanish Main Dr | Mobile Home | 408 | B |
|
| 701 Spanish Main Dr | Mobile Home | 692 | C |
|
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 85 of all properties in this area. This suggests it would appeal to someone earning around $135,011 per year who should qualify for a mortgage between $270,022 and $337,528.
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 85 of all properties in this area. This corresponds to a rent of $1,924 per month and a monthly household income of $5,402 ($64,824 per year)