820 Shore Dr, Miramar Beach
Walton County Real Estate - Miramar Beach
Miramar Beach is in North West Florida. It's population as recorded in the 2010 Census was 6,146. Miramar Beach is approximately 51 miles from Pensacola (population 51,923) and around 44 miles from Panama City (population 36,484).
The median age for residents of Miramar Beach is 52.1. Around 16.1% of Miramar Beach households include school aged children and 37.4% of households include individuals aged 65 years or over. Census records indicate 93.8% of the Miramar Beach population are White, 1.1% are Black or African American, .3% American Indian, 1.7% Asian and 1.5% are Two or more Races.
There are 12,385 housing units in Miramar Beach. 9,383 (75.7%) of these were reported as vacant in the 2010 Census. Miramar Beach is a tourist destination, 75.4% (7,079) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,763 residential rental units in Miramar Beach. 929 of them were occupied in 2010 providing a residential rental vacancy rate of 64.2%.
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Walton County
Walton County is part of the Northwest Florida region, along with Bay, Santa Rosa, Escambia, Holmes, Jackson, Washington, Okaloosa, Calhoun, Liberty, Gulf, Franklin, Gadsden, Leon, Jefferson, and Wakulla counties. Largest industries by employment are leisure & hospitality; trade, transportation, & utility; and education & health services. Major private sector employers for Walton County are Sandestin Golf and Beach Resort, Sacred Heart on the Emerald Coast, ResortQuest, and Hilton Sandestin Beach Golf Resort & Spa. Top public sector employers include Walton County School Board and Walton County Government. Cities and towns in Walton County include DeFuniak Springs, Freeport, and Paxton.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 794 Shore Dr | Single Family | 2,904 | B |
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| 836 Shore Dr | Single Family | 4,094 | A |
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| 780 Shore Dr | Single Family | 3,264 | B |
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| 854 Shore Dr | Single Family | 2,322 | B |
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| 793 Shore Dr | Single Family | 3,082 | B |
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| 762 Shore Dr | Single Family | 3,850 | A |
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| 777 Shore Dr | Single Family | 3,272 | B |
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| 847 Shore Dr | Single Family | 2,749 | B |
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| 765 Shore Dr | Single Family | 2,665 | B |
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| 1154 Forest Shore Dr | Single Family | 2,941 | B |
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| 871 Shore Dr | Single Family | 3,289 | B |
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| 1180 Forest Shore Dr | Single Family | 1,954 | B |
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| 1144 Forest Shore Dr | Single Family | 2,180 | B |
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| 736 Shore Dr | Single Family | 3,000 | A |
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| 896 Shore Dr | Single Family | 4,091 | B |
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| 1196 Forest Shore Dr | Single Family | 2,614 | B |
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| 1128 Forest Shore Dr | Single Family | 2,476 | B |
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| 739 Shore Dr | Single Family | 1,996 | B |
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| 1100 Forest Shores Dr | Single Family | 2,014 | B |
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| 897 Shore Dr | Single Family | 1,965 | B |
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Local Household Income
The median household income in this part of Florida is $50,843. The bottom 10% of the population earn less than $15,071 per year. The top 10% earn more than $118,419 per year. The top 1% earn more than $409,192 per year. Most renters earn between $20,136 (20th percentile) and $39,888 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $101,686 and $127,108.
The tax assessed value of this property places it in percentile 92 of all properties in this area. This suggests it would appeal to someone earning around $129,170 per year who should qualify for a mortgage between $258,340 and $322,925.
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 $744. Most renters earn between $1,678 and $3,324 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $486 (20th percentile) to $1,034 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 92 of all properties in this area. This corresponds to a rent of $1,291 per month and a monthly household income of $4,336 ($52,032 per year)
Nearby Companies
896 Shore Dr
896 Shore Dr
1196 Forest Shore Dr
847 Shore Dr
762 Shore Dr