705 Flamevine Ln, Vero Beach
Indian River County Real Estate - Vero Beach
Vero Beach is in South East Florida. It's population as recorded in the 2010 Census was 15,220. Vero Beach is approximately 25 miles from Port Saint Lucie (population 164,603) and around 30 miles from Palm Bay (population 103,190).
The median age for residents of Vero Beach is 50.9. Around 18.5% of Vero Beach households include school aged children and 42.3% of households include individuals aged 65 years or over. Census records indicate 87.4% of the Vero Beach population are White, 4.8% are Black or African American, .2% American Indian, 1.8% Asian and 1.7% are Two or more Races.
There are 10,258 housing units in Vero Beach. 2,753 (26.8%) of these were reported as vacant in the 2010 Census. Vero Beach is a tourist destination, 41.4% (1,141) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 3,741 residential rental units in Vero Beach. 2,828 of them were occupied in 2010 providing a residential rental vacancy rate of 23.7%.
Vero Beach links:
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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 | |
|---|---|---|---|---|
| 2916 Highway A1a | Single Family | 2,367 | B |
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| 711 Flamevine Ln | Single Family | 2,594 | B |
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| 706 Flamevine Ln | Single Family | 2,277 | A |
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| 716 Flamevine Ln | Single Family | 2,825 | A |
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| 716 Dahlia Ln | Single Family | 2,315 | A |
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| 715 Flamevine Ln | Single Family | 2,187 | B |
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| 730 Dahlia Ln | Single Family | 1,548 | B |
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| 645 Flamevine Ln | Single Family | 2,055 | B |
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| 2815 Highway A1a | Single Family | 2,108 | B |
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| 742 Dahlia Ln | Single Family | 1,730 | B |
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| 726 Flamevine Ln | Single Family | 2,263 | A |
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| 676 Dahlia Ln | Single Family | 1,682 | B |
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| 705 Gayfeather Ln | Single Family | 2,514 | A |
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| 645 Gardenia Ln | Single Family | 1,595 | B |
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| 760 Dahlia Ln | Single Family | 1,454 | B |
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| 715 Gayfeather Ln | Single Family | 2,743 | A |
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| 635 Flamevine Ln | Single Family | 1,837 | B |
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| 725 Flamevine Ln | Single Family | 3,230 | B |
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| 636 Flamevine Ln | Single Family | 1,974 | B |
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| 656 Dahlia Ln | Single Family | 1,464 | B |
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| 736 Flamevine Ln | Single Family | 3,151 | A |
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| 725 Gayfeather Ln | Single Family | 3,038 | A |
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| 635 Gardenia Ln | Single Family | 1,914 | B |
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| 768 Dahlia Ln | Single Family | 1,415 | B |
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| 650 Dahlia Ln | Single Family | 1,459 | B |
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| 625 Flamevine Ln | Single Family | 1,804 | B |
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| 626 Flamevine Ln | Single Family | 2,381 | B |
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| 3006 Highway A1a | Single Family | 1,457 | B |
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| 725 Dahlia Ln | Single Family | 1,562 | B |
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| 745 Flamevine Ln | Single Family | 2,631 | B |
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| 735 Dahlia Ln | Single Family | 1,611 | B |
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| 2915 Eagle Dr | Single Family | 2,728 | A |
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| 735 Gayfeather Ln | Single Family | 2,308 | A |
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| 646 Dahlia Ln | Single Family | 1,483 | B |
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| 786 Dahlia Ln | Single Family | 2,044 | B |
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| 646 Gardenia Ln | Single Family | 2,638 | B |
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| 625 Gardenia Ln | Single Family | 1,678 | B |
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| 3005 Highway A1a | Single Family | 1,755 | B |
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| 747 Dahlia Ln | Single Family | 1,147 | B |
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| 746 Flamevine Ln | Single Family | 2,867 | A |
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| 706 Gayfeather Ln | Single Family | 1,939 | B |
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| 636 Dahlia Ln | Single Family | 1,672 | B |
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| 755 Dahlia Ln | Single Family | 1,519 | B |
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| 665 Dahlia Ln | Single Family | 1,572 | B |
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| 716 Gayfeather Ln | Single Family | 3,005 | A |
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| 636 Gardenia Ln | Single Family | 1,627 | B |
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| 796 Dahlia Ln | Single Family | 1,834 | B |
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| 615 Flamevine Ln | Single Family | 1,669 | B |
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| 616 Flamevine Ln | Single Family | 2,218 | 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 85 of all properties in this area. This suggests it would appeal to someone earning around $127,085 per year who should qualify for a mortgage between $254,170 and $317,713.
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 85 of all properties in this area. This corresponds to a rent of $1,287 per month and a monthly household income of $4,008 ($48,096 per year)
Nearby Companies
716 Gayfeather Ln
635 Flamevine Ln
725 Flamevine Ln