8608 Magnolia Bay Ln, 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 | |
|---|---|---|---|---|
| 8607 Magnolia Bay Ln | Single Family | 0 | L | |
| 8606 Magnolia Bay Ln | Single Family | 0 | L | |
| 8609 Magnolia Bay Ln | Single Family | 0 | L | |
| 8605 Magnolia Bay Ln | Single Family | 0 | L | |
| 8610 Magnolia Bay Ln | Single Family | 0 | L | |
| Magnolia Bay Ln | Condominium | 0 | L | |
| 8600 Magnolia Bay Ln | Single Family | 0 | L | |
| 8604 Magnolia Bay Ln | Single Family | 0 | L | |
| 8611 Magnolia Bay Ln | Single Family | 0 | L | |
| 8615 Magnolia Bay Ln | Single Family | 0 | L | |
| 8599 Magnolia Bay Ln | Single Family | 0 | L | |
| 8612 Magnolia Bay Ln | Single Family | 0 | L | |
| 8603 Magnolia Bay Ln | Single Family | 0 | L | |
| 8614 Magnolia Bay Ln | Single Family | 0 | L | |
| 8613 Magnolia Bay Ln | Single Family | 0 | L | |
| 8602 Magnolia Bay Ln | Single Family | 0 | L | |
| 8616 Magnolia Bay Ln | Single Family | 0 | L | |
| 8601 Magnolia Bay Ln | Single Family | 0 | L | |
| 8598 Magnolia Bay Ln | Single Family | 0 | L | |
| 8617 Magnolia Bay Ln | Single Family | 0 | L | |
| 8597 Magnolia Bay Ln | Single Family | 0 | L | |
| 8618 Magnolia Bay Ln | Single Family | 0 | L | |
| 8596 Magnolia Bay Ln | Single Family | 0 | L | |
| 8619 Magnolia Bay Ln | Single Family | 0 | L | |
| 8595 Magnolia Bay Ln | Single Family | 0 | L | |
| 8620 Magnolia Bay Ln | Single Family | 0 | L | |
| 8594 Magnolia Bay Ln | Single Family | 0 | L | |
| 8593 Magnolia Bay Ln | Single Family | 0 | L | |
| 8074 Fountains Dr | Single Family | 3,262 | B |
 |
| 8592 Magnolia Bay Ln | Single Family | 0 | L | |
| 8561 Turnberry Dr | Condominium | 0 | L | |
| 8586 Magnolia Bay Ln | Single Family | 0 | L | |
| 8585 Magnolia Bay Ln | Single Family | 0 | L | |
| 8562 Turnberry Dr | Condominium | 0 | L | |
| 8075 Fountains Dr | Single Family | 2,676 | B |
|
| 8591 Magnolia Bay Ln | Single Family | 0 | L | |
| 8072 Fountains Dr | Single Family | 2,479 | B |
|
| 8563 Turnberry Dr | Condominium | 0 | L | |
| 8584 Magnolia Bay Ln | Single Family | 0 | L | |
| 8564 Turnberry Dr | Condominium | 0 | L | |
| 8071 Fountains Ln | Single Family | 2,455 | B |
|
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 86 of all properties in this area. This suggests it would appeal to someone earning around $102,271 per year who should qualify for a mortgage between $204,542 and $255,678.
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 86 of all properties in this area. This corresponds to a rent of $1,125 per month and a monthly household income of $3,684 ($44,208 per year)
Nearby Companies
Magnolia Bay Ln
8584 Magnolia Bay Ln