141 Palm Island Ln, 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 | |
|---|---|---|---|---|
| 121 Palm Island Ln | Single Family | 3,893 | A |
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| 181 Palm Island Ln | Single Family | 4,067 | A |
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| 202 Coconut Creek Ct | Single Family | 4,235 | A |
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| 101 Island Plantation Ter | Vacant Residential | 0 | L | |
| 160 Palm Island Ln | Single Family | 2,977 | A |
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| 204 Coconut Creek Ct | Single Family | 4,055 | A |
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| 140 Palm Island Ln | Single Family | 2,864 | A |
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| 120 Palm Island Ln | Single Family | 2,767 | A |
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| 103 Island Plantation Ter | Vacant Residential | 0 | L | |
| 100 Palm Island Ln | Single Family | 2,767 | A |
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| 201 Coconut Creek Ct | Vacant Residential | 0 | L | |
| 180 Palm Island Ln | Single Family | 0 | A | |
| 80 Palm Island Ln | Single Family | 2,864 | A |
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| 206 Coconut Creek Ct | Single Family | 3,113 | A |
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| 105 Island Plantation Ter | Single Family | 3,810 | A |
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| 200 Palm Island Ln | Single Family | 3,579 | A |
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| 203 Coconut Creek Ct | Single Family | 4,339 | A |
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| 205 Coconut Creek Ct | Vacant Residential | 0 | L | |
| 241 Palm Island Ln | Vacant Residential | 0 | L | |
| 220 Palm Island Ln | Single Family | 0 | A | |
| 107 Island Plantation Ter | Single Family | 0 | A | |
| 208 Coconut Creek Ct | Single Family | 3,637 | A |
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| 207 Coconut Creek Ct | Single Family | 4,334 | A |
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| 240 Palm Island Ln | Vacant Residential | 0 | L | |
| 209 Coconut Creek Ct | Single Family | 3,643 | A |
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| 261 Palm Island Ln | Single Family | 4,205 | A |
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| 109 Island Plantation Ter | Vacant Residential | 0 | L | |
| 110 Island Plantation Ter | Condominium | 3,652 | B |
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| 104 Island Plantation Ter | Condominium | 2,685 | B |
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| 100 Island Plantation Ter | Vacant Residential | 0 | L | |
| 210 Coconut Creek Ct | Single Family | 5,645 | A |
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| 104 Island Plantation Ter | Condominium | 2,938 | B |
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| 104 Island Plantation Ter | Condominium | 2,685 | B |
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| 104 Island Plantation Ter | Condominium | 2,873 | B |
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| 104 Island Plantation Ter | Condominium | 2,873 | B |
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| 104 Island Plantation Ter | Condominium | 3,103 | B |
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| 104 Island Plantation Ter | Condominium | 2,938 | B |
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| 104 Island Plantation Ter | Condominium | 3,103 | B |
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| 104 Island Plantation Ter | Condominium | 3,103 | B |
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| 104 Island Plantation Ter | Condominium | 2,938 | B |
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| 104 Island Plantation Ter | Condominium | 3,103 | B |
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| 104 Island Plantation Ter | Condominium | 2,938 | B |
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| 211 Coconut Creek Ct | Vacant Residential | 0 | L | |
| 260 Palm Island Ln | Vacant Residential | 0 | L | |
| 281 Palm Island Ln | Single Family | 3,522 | A |
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| 306 Lady Palm Ter | Single Family | 4,664 | A |
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| 111 Island Plantation Ter | Vacant Residential | 0 | L |
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 96 of all properties in this area. This suggests it would appeal to someone earning around $348,208 per year who should qualify for a mortgage between $696,416 and $870,520.
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 96 of all properties in this area. This corresponds to a rent of $2,279 per month and a monthly household income of $6,150 ($73,800 per year)
Nearby Companies
530 Coconut Creek Rd
110 Island Plantation Ter
104 Island Plantation Ter