8351 Chinaberry Rd, Indian River Shores
Indian River County Real Estate - Winter Beach
Winter Beach is in South East Florida. It's population as recorded in the 2010 Census was 2,067. Winter Beach is approximately 31 miles from Port Saint Lucie (population 164,603) and around 24 miles from Palm Bay (population 103,190).
The median age for residents of Winter Beach is 44.8. Around 32.7% of Winter Beach households include school aged children and 33.5% of households include individuals aged 65 years or over. Census records indicate 88.5% of the Winter Beach population are White, 6.2% are Black or African American, .2% American Indian, 1.9% Asian and 1.6% are Two or more Races.
There are 948 housing units in Winter Beach. 163 (17.1%) of these were reported as vacant in the 2010 Census. Winter Beach is a tourist destination, 25.1% (41) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 153 residential rental units in Winter Beach. 137 of them were occupied in 2010 providing a residential rental vacancy rate of 9.8%.
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Indian River County
Indian River County is part of the southeast region of Florida, along with St. Lucie, Miami-Dade, Palm Beach, Broward, Martin, and Monroe counties. Cities in Indian River County are Vero Beach (county seat), Sebastian, Fellsmere, Indian River Shores, and Orchid. The county?s population is over 135,000 people. Indian River is one of the wealthiest counties in the state and in the nation.
Indian River County has targeted clean energy, information technology, aviation/aerospace, and financial/professional services as its industries for expansion. Major private sector employers are Indian River Medical Center, Publix Supermarkets, Piper Aircraft Inc., Sebastian River Medical Center, and John's Island. Public sector employers are School District of Indian River County, Indian River County, City of Vero Beach, and City of Sebastian.
As with most counties along the treasure coast, tourism is a major industry. Agriculture also plays a large part in Indian River County's economy. Resources produced here include citrus, beef, and honey. Because so much of the economy revolves around agriculture, unemployment is often high in summer months.
The most populous city is Sebastian, home to 22,000. Sebastian Airport is headquarters for Velocity Aircraft. The city is also home to an Indian River State College campus.
Over 15,000 people live in Vero Beach, the seat of Indian River County. One of the largest employers in the county is Piper Aircraft, which maintains their general aviation production facility and headquarters in the city. Vero Beach is a tourist destination, known for golfing, fishing, and surfing. It also hosts a Disney resort.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 8311 Chinaberry Rd | Condominium | 1,707 | B |
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| 8309 Chinaberry Rd | Condominium | 2,017 | B |
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| 8321 Chinaberry Rd | Condominium | 2,151 | B |
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| 8323 Chinaberry Rd | Condominium | 2,017 | B |
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| 8325 Chinaberry Rd | Condominium | 1,860 | B |
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| 8327 Chinaberry Rd | Condominium | 2,017 | B |
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| 8329 Chinaberry Rd | Condominium | 1,707 | B |
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| 8331 Chinaberry Rd | Condominium | 2,017 | B |
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| 8341 Chinaberry Rd | Condominium | 2,017 | B |
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| 8343 Chinaberry Rd | Condominium | 1,707 | B |
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| 8345 Chinaberry Rd | Condominium | 1,707 | B |
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| 8347 Chinaberry Rd | Condominium | 2,207 | B |
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| 8349 Chinaberry Rd | Condominium | 2,017 | B |
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| 8353 Chinaberry Rd | Condominium | 2,017 | B |
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| 8317 Chinaberry Rd | Condominium | 1,707 | B |
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| 8307 Chinaberry Rd | Condominium | 2,017 | B |
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| 8305 Chinaberry Rd | Condominium | 1,707 | B |
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| 8303 Chinaberry Rd | Condominium | 2,207 | B |
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| 8301 Chinaberry Rd | Condominium | 2,151 | B |
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| 8315 Chinaberry Rd | Condominium | 2,207 | B |
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| 227 N Carmel Ct | Condominium | 2,008 | B |
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| 225 N Carmel Ct | Condominium | 2,056 | B |
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| 430 Ventura Pl | Single Family | 3,783 | A |
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| 224 N Carmel Ct | Condominium | 2,056 | B |
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| 221 N Carmel Ct | Condominium | 2,056 | B |
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| 222 N Carmel Ct | Condominium | 2,056 | B |
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| 420 Ventura Pl | Single Family | 2,347 | A |
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| 218 N Carmel Ct | Condominium | 2,056 | B |
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| 440 Ventura Pl | Single Family | 2,905 | A |
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| 8375 Baytree Dr | Condominium | 2,207 | B |
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| 8377 Baytree Dr | Condominium | 2,151 | B |
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| 219 N Carmel Ct | Condominium | 2,056 | B |
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| 8346 Sego Ln | Condominium | 1,707 | B |
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| 8348 Sego Ln | Condominium | 2,151 | B |
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| 8350 Sego Ln | Condominium | 2,151 | B |
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| 8343 Sego Ct | Condominium | 4,022 | B |
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| 216 N Carmel Ct | Condominium | 2,056 | B |
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| 8383 Satinleaf Ct | Condominium | 1,663 | B |
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| 8382 Satinleaf Ct | Condominium | 1,707 | B |
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| 8381 Satinleaf Ct | Condominium | 2,017 | B |
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| 8380 Satinleaf Ct | Condominium | 2,151 | B |
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| 8358 Sego Ln | Condominium | 2,151 | B |
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| 8352 Sego Ln | Condominium | 2,151 | B |
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| 8354 Sego Ln | Condominium | 2,151 | B |
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| 8356 Sego Ln | Condominium | 2,151 | B |
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| 8385 Satinleaf Ct | Condominium | 3,960 | B |
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| 8387 Satinleaf Ct | Condominium | 1,663 | B |
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| 8373 Baytree Dr | Condominium | 1,707 | B |
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Local Household Income
The median household income in this part of Florida is $56,422. The bottom 10% of the population earn less than $18,447 per year. The top 10% earn more than $165,349 per year. The top 1% earn more than $623,975 per year. Most renters earn between $24,468 (20th percentile) and $43,200 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $112,844 and $141,055.
The tax assessed value of this property places it in percentile 87 of all properties in this area. This suggests it would appeal to someone earning around $139,847 per year who should qualify for a mortgage between $279,694 and $349,618.
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 $848. Most renters earn between $2,039 and $3,600 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $625 (20th percentile) to $1,191 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 87 of all properties in this area. This corresponds to a rent of $1,346 per month and a monthly household income of $4,166 ($49,992 per year)
Nearby Companies
8311 Chinaberry Rd
8351 Chinaberry Rd
8351 Chinaberry Rd
8351 Chinaberry Rd
8351 Chinaberry Rd
8343 Sego Ln