2541 Cabernet Ci, Ocoee
Orange County Real Estate - Ocoee
Ocoee is in East Central Florida. It's population as recorded in the 2010 Census was 35,579. Ocoee is approximately 10 miles from Orlando (population 238,300) and around 21 miles from Kissimmee (population 59,682).
The median age for residents of Ocoee is 35.4. Around 45.2% of Ocoee households include school aged children and 18.2% of households include individuals aged 65 years or over. Census records indicate 66.7% of the Ocoee population are White, 17.5% are Black or African American, .3% American Indian, 5.5% Asian and 3.3% are Two or more Races. Ocoee has a significant Hispanic population. 20.7% (7,394) of Ocoee residents are of Hispanic or Latino origin. Of these 41.11% are of Mexican origin, 27.73% Puerto Rican, 4.96% Cuban and 26.18% are of other Hispanic or Latino origin.
There are 12,802 housing units in Ocoee. 1,010 (7.8%) of these were reported as vacant in the 2010 Census. There are 3,065 residential rental units in Ocoee. 2,816 of them were occupied in 2010 providing a residential rental vacancy rate of 7.8%.
Ocoee links:
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Orange County
Orange County is part of the East Central Florida region along with Brevard, Volusia, Sumter, Seminole, Lake, and Osceola Counties. With a population over 1.1 million, Orange is the fifth most populous county in Florida. Incorporated municipalities include Apopka, Bay Lake, Belle Isle, Edgewood, Lake Buena Vista, Maitland, Ocoee, Orlando, Winter Garden, Winter Park, Eatonville, Oakland, and Windermere.
Orlando is Orange County's largest city and is home to many of the country's most popular theme parks, making tourism the county's primary industry. Other main industries for Orange County are life sciences & health care resources; modeling, simulation & training resources; optics & photonics resources; and clean technology. Orange County's largest private sector employers are Walt Disney World, Adventist Health Systems, Universal Orlando, Orlando Health, and Busch Entertainment Corp. Top public sector employers are Orange County Public Schools, Greater Orlando Aviation Authority, Orange County Government, and The University of Central Florida.
For many in the United States and across the world, Orlando is synonymous with the Walt Disney World Resort. Indeed, Disney produced a study indicating that the resort and businesses associated with it were responsible for an $18 billion economic impact, 2.5% of the GDP of the state of Florida. The Greater Orlando area also hosts the Universal Orlando theme parks, each of which features a Harry Potter-themed section. In addition, numerous tourist attractions exist, mostly catering to a family audience, such as miniature golf courses, arcades, and amusement parks.
Greater Orlando has a business side, too. Orange County is also home to the University of Central Florida, which is the second largest public university in the country at approximately 60,000 students. UCF has a partnership with the Central Florida Research Park, the seventh-largest research park in the country, located next close to the university. Orlando is an important city for the military, including pilot training with its varied flight simulators and production facilities. Madden NFL Football, the most popular video game franchise in the country, is created in Orlando by Electronic Arts.
As its name implies, rural Orange County is a center of citrus production. Much of the land is given over to orange groves. Apopka hosts a Minute Maid juice flavoring plant.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 2525 Cabernet Ci | Single Family | 4,164 | C |
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| 397 Merlot Dr | Single Family | 4,103 | C |
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| 2573 Cabernet Ci | Single Family | 3,324 | C |
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| 401 Merlot Dr | Single Family | 2,939 | C |
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| 425 Merlot Dr | Single Family | 3,221 | C |
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| 393 Merlot Dr | Single Family | 3,475 | C |
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| 2540 Cabernet Ci | Single Family | 3,221 | C |
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| 415 Merlot Dr | Single Family | 4,140 | C |
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| 2556 Cabernet Ci | Single Family | 3,456 | C |
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| 2524 Cabernet Ci | Single Family | 4,063 | C |
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| 2589 Cabernet Ci | Single Family | 2,932 | C |
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| 381 Merlot Dr | Single Family | 3,791 | C |
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| 373 Merlot Dr | Single Family | 3,482 | C |
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| 2572 Cabernet Ci | Single Family | 3,429 | C |
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| 2508 Cabernet Ci | Single Family | 3,221 | C |
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| 365 Merlot Dr | Single Family | 3,854 | C |
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| 2588 Cabernet Ci | Single Family | 3,850 | C |
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| 2496 Cabernet Ci | Single Family | 3,888 | C |
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| 656 Cimarosa Ct | Single Family | 3,674 | C |
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| 400 Merlot Dr | Single Family | 3,529 | C |
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| 343 Merlot Dr | Single Family | 3,850 | C |
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| 406 Merlot Dr | Single Family | 3,832 | C |
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| 652 Cimarosa Ct | Single Family | 2,788 | C |
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| 349 Merlot Dr | Single Family | 4,098 | C |
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| 360 Chablis Wa | Undefined - Reserved for Use by Department of Revenue | 0 | L | |
| 2604 Cabernet Ci | Single Family | 2,932 | C |
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| 412 Merlot Dr | Single Family | 3,489 | C |
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| 565 Zinfandel Ct | Single Family | 2,781 | C |
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| 430 Merlot Dr | Single Family | 2,802 | C |
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| 394 Merlot Dr | Single Family | 3,797 | C |
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| 424 Merlot Dr | Single Family | 2,799 | C |
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| 648 Cimarosa Ct | Single Family | 3,929 | C |
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| 600 Fortanini Ci | Vacant Residential | 0 | L | |
| 660 Cimarosa Ct | Single Family | 2,782 | C |
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| 602 Fortanini Ci | Vacant Residential | 0 | L | |
| 418 Merlot Dr | Single Family | 3,514 | C |
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| 388 Merlot Dr | Single Family | 3,503 | C |
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| 0 Ocoee Apopka Rd | Government Undefined | 0 | L |
Local Household Income
The median household income in this part of Florida is $61,167. The bottom 10% of the population earn less than $18,452 per year. The top 10% earn more than $143,179 per year. The top 1% earn more than $374,851 per year. Most renters earn between $25,140 (20th percentile) and $48,348 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $122,334 and $152,918.
The tax assessed value of this property places it in percentile 82 of all properties in this area. This suggests it would appeal to someone earning around $111,737 per year who should qualify for a mortgage between $223,474 and $279,343.
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 $1,031. Most renters earn between $2,095 and $4,029 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $756 (20th percentile) to $1,383 (80th percentile) range. The residential vacancy rate is 11%.
This property falls in percentile 82 of all properties in this area. This corresponds to a rent of $1,414 per month and a monthly household income of $4,171 ($50,052 per year)
Nearby Companies
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352 Merlot Dr
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