Miami-Dade County Real Estate - Miami Beach

Miami Beach is a resort city located on a series of barrier islands located between Biscayne Bay and the Atlantic Ocean.  The city's main economic driver is tourism and it has a population of approximately 88,000.  The city's origins lie in the 1870 purchase of the land by Henry and Charles Lum.  The land was purchased for 25 cents an acre and its development continued in the following decades with the planting of coconut, avocado, and various other fruit plantations.  Chartered in March 1915, Miami Beach became a city in 1917.

Miami Beach exists in four different zip codes 33139, 33140, and 33141.  The main three neighborhoods in Miami Beach are South Beach, Mid Beach, and North Beach.  South Beach covers most of the 33139 zip code, Mid-Beach exists in both 33140 and parts of 33139, and North beach covers both the 33140 and 33141 zip codes.

South beach is the biggest and most populous neighborhood in Miami beach.  It has a population of approximately 39,000.  South Beach is known for its status as a popular entertainment destination, as it is home to many upmarket restaurants, hotels, and nightclubs.  South Beach's major thoroughfare, Ocean Drive, is the center of the famous Miami Art Deco district.  The road starts at Miami Beach's southernmost point, South Pointe Park, and runs north through the city stopping at 15th street.

Mid-Beach is Miami Beach's smallest and least populous section, home to about 10,000 people.  The area is mostly residential, and its most notable neighborhoods include Oceanfront, Bayshore, and Nautilus.  Mid-Beach is known for being home to a series of high-end houses known as millionaire's row.

The northernmost section of Miami Beach, North Beach, is home to approximately 28,000 residents.  North Beach's most populous neighborhood, Isles of Normandy, is located on the eastern shore of Biscayne Bay.  It has a population of approximately 9,000.  Other neighborhoods located in this section of the city include Biscayne Pointe and La Gorce.

Miami Beach is among the fastest growing cities in the US.  Its location and residents have created a subculture unique to Miami Beach and distinct from that of Miami.  Spanish is a first language for more than half of Miami Beach's citizens, as 53% of the city's population is made up of Latin American immigrants and their descendants.  Non-hispanic caucasians account for about 40% of the population and the remaining 7% of the population is made up of African and Aisian Americans, as well as mixed raced citizens.

Miami Beach is in South East Florida. It's population as recorded in the 2010 Census was 87,779.

The median age for residents of Miami Beach is 40.3. Around 14.9% of Miami Beach households include school aged children and 23.4% of households include individuals aged 65 years or over. Census records indicate 87.3% of the Miami Beach population are White, 4.3% are Black or African American, .2% American Indian, 1.8% Asian and 2.6% are Two or more Races. Miami Beach has a significant Hispanic population. 53% (46,564) of Miami Beach residents are of Hispanic or Latino origin. Of these 3.32% are of Mexican origin, 6.96% Puerto Rican, 37.79% Cuban and 51.91% are of other Hispanic or Latino origin.

There are 67,499 housing units in Miami Beach. 20,331 (30.1%) of these were reported as vacant in the 2010 Census. Miami Beach is a tourist destination, 58.9% (11,988) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 33,960 residential rental units in Miami Beach. 28,974 of them were occupied in 2010 providing a residential rental vacancy rate of 14%.

Miami Beach links:

Miami-Dade County

Miami-Dade County is part of the southeast Florida region along with Indian River, St. Lucie, Martin, Palm Beach, Broward, and Monroe counties. Miami Dade County has 35 cities and incorporates many different geographical areas. The north, central, and east regions are heavily urbanized, with many large skyscrapers and a dense population. The southern region of Miami-Dade County is sparsely populated and is the heart of Miami-Dade's agricultural economy. The western region of the county includes the Everglades National Park and is inhabited only by a tribal village. The county is home to around 2.5 million people, making it the most populous in Florida and number seven in the country.

Major industries for this county are tourism, international trade, international banking, and transportation. Top public employers are Miami-Dade County Public Schools, Miami-Dade County, the Federal Government, Florida State Government, and Jackson Health Systems. Major private employers include the University of Miami, Baptist Health South Florida, Publix Supermarkets, American Airlines, and Precision Response Corporation.

The county's seat and largest city is Miami. Miami's close proximity to Latin America and the Caribbean makes it the center for international trade with those areas. The city?s population is 70% Hispanic. The concentration of Latin American businesses and international banks in the city has given it the nickname ?Capital of Latin America?. PortMiami acts as one of the largest cruise spots in the world. Miami International Airport is one of the busiest ports of entry for foreign travelers and handles the most international air cargo of any airport in the country.

Miami-Dade is also a major tourist destination, especially in the city of Miami Beach. The historic 1920s Art Deco hotels on Ocean Drive are well-known landmarks, many of which have historic designations. Visitors enjoy the warm weather, sandy beaches, and nightlife of South Beach. It is also a major convention destination. The annual Art Basel Miami and its satellite fairs bring the foremost art collectors to South Beach and the Miami neighborhood of Wynwood.

Miami-Dade County is home to numerous large universities including the private University of Miami, public Florida International University, and Catholic Barry University. The county is also home to historically-black Florida Memorial University and Miami Dade College, the second-largest public university in the nation by enrollment. The Miami-Dade County Public School System is the fifth-largest in the nation.

Neighboring Properties

AddressTypeSq FtClass 
524 Washington Ave 313 Condominium 418 B
524 Washington Ave 312 Condominium 418 B
524 Washington Ave 311 Condominium 418 B
524 Washington Ave 310 Condominium 418 B
524 Washington Ave 314 Condominium 700 B
524 Washington Ave 308 Condominium 418 B
524 Washington Ave 101 Condominium 630 B
524 Washington Ave 201 Condominium 660 B
524 Washington Ave 202 Condominium 530 B
524 Washington Ave 203 Condominium 418 B
524 Washington Ave 204 Condominium 418 B
524 Washington Ave 205 Condominium 418 B
524 Washington Ave 206 Condominium 418 B
524 Washington Ave 207 Condominium 418 B
524 Washington Ave 208 Condominium 418 B
524 Washington Ave 209 Condominium 418 B
524 Washington Ave 210 Condominium 418 B
524 Washington Ave 211 Condominium 418 B
524 Washington Ave 212 Condominium 418 B
524 Washington Ave 213 Condominium 418 B
524 Washington Ave 214 Condominium 700 B
524 Washington Ave 301 Condominium 660 B
524 Washington Ave 302 Condominium 530 B
524 Washington Ave 303 Condominium 418 B
524 Washington Ave 304 Condominium 418 B
524 Washington Ave 305 Condominium 418 B
524 Washington Ave 306 Condominium 418 B
524 Washington Ave 307 Condominium 418 B
601 5 St Store, one story 14,436 B
504 Washington Ave Vacant Commercial 0 L
555 Washington Ave Office building, non-professional service building, multi-story 137,579 B
534 Washington Ave Hotel or motel 14,658 B
437 Washington Ave Mixed use - store and office or store and residential or residential combination 17,120 B
540 Washington Ave Mixed use - store and office or store and residential or residential combination 5,034 B
520 Euclid Ave 2 Cooperative 0 B
520 Euclid Ave 7 Cooperative 0 B
520 Euclid Ave 8 Cooperative 0 B
518 Euclid Ave 1 Condominium 815 B
520 Euclid Ave 3 Cooperative 0 B
520 Euclid Ave 11 Cooperative 0 B
520 Euclid Ave 12 Cooperative 0 B
520 Euclid Ave 9 Cooperative 0 B
518 Euclid Ave 2 Condominium 780 B
518 Euclid Ave 3 Condominium 850 B
518 Euclid Ave 6 Condominium 850 B
520 Euclid Ave Vacant Residential 0 L
520 Euclid Ave 10 Cooperative 0 B
518 Euclid Ave 5 Condominium 780 B

Local Household Income

The median household income in this part of Florida is $51,244. The bottom 10% of the population earn less than $14,115 per year. The top 10% earn more than $176,321 per year. The top 1% earn more than $695,784 per year. Most renters earn between $28,044 (20th percentile) and $55,728 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $102,488 and $128,110.

The tax assessed value of this property places it in percentile 13 of all properties in this area. This suggests it would appeal to someone earning around $16,398 per year who should qualify for a mortgage between $32,796 and $40,995.

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 $1,035. Most renters earn between $2,337 and $4,644 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $717 (20th percentile) to $1,527 (80th percentile) range. The residential vacancy rate is 7%.

This property falls in percentile 13 of all properties in this area. This corresponds to a rent of $584 per month and a monthly household income of $2,073 ($24,876 per year)

Nearby Companies

Alacran Group, LLC
555 Washington Ave
Warner Music Latina Inc.
555 Washington Ave
Studio 23 Miami LLC
555 Washington Ave
Alacran Publishing, LLC
555 Washington Ave
Longo Group LLC
555 Washington Ave
Prace LLC
555 Washington Ave
Holdun Family Office, LLC
555 Washington Ave
Prana Cafe, LLC
555 Washington Ave
Sal'S Miami LLC
555 Washington Ave
Foundation Wealth Capital, LLC
555 Washington Ave
Klimate Group Inc
555 Washington Ave
South Services Corporation
555 Washington Ave
South Beach Dermatology, Plc
555 Washington Ave
Miami Tropical Spaghettis, LLC
601 Washington Ave
Vintage Frames LLC
601 Washington Ave
Cafe Unido Gth LLC
601 Washington Ave
Src Properties, LLC
230 5th St
Src Greenbrier, LLC
230 5th St
Ggf Management LLC
230 5th St
Robins Realty LLC
230 5th St
Silver Tree, Inc.
230 5th St
Royal Robins, LLC
230 Fifth St
Unidatec LLC
441 Collins Ave
Mch & Associates LLC
441 Collins Ave
Trubar Juice Bar LLC
520 Collins Ave
Sunny 5 LLC
510 Washington Ave
Aqua Beach Ll Inc.
510 Washington Ave
Sushi Sake Sobe, LLC
431 Washington Ave
Surf Liquors, Inc.
544 Washington Ave
Sobe Miami Tours LLC
524 Washington Ave
Ata Beach Corp.
524 Washington Ave
Zarina'S Beauty Bar LLC
542 Washington Ave
Jet Air Management LLC
555 Washington Avenue Ste 420
Skcp Fund Management LLC
555 Washington Avenue Ste 420
Altair Construction LLC
421 Washington Ave
Flb Miami, Inc.
437 Washington Ave
Kiss Tea Inc
640 6th St
Vault Place LLC
540 Washington Ave
Kush Gods LLC
628 6th St
560 Babylon LLC
560 Washington Ave
21 Babylon LLC
560 Washington Ave
Blueprint Group, LLC
555 Washington Ave Suite 240
Blueprint Group Ii, LLC
555 Washington Ave Suite 240
Pointe South, LLC
709 Fifth St
3dmarc, LLC
709 Fifth St
1153 101 Street LLC
709 Fifth St
Rmt Limited LLC
709 Fifth St
Aviator General, Inc.
709 Fifth St
Aviator Limited, Inc.
709 Fifth St
Lauracorp Inc.
709 Fifth St
Pivaut Inc.
709 Fifth St
Mar And Tin, LLC
707 5th St
Business Gon LLC
707 5th St
Sobris LLC
707 5th St
Maymkt, LLC
707 5th St
Appaloosa Management L.P.
404 Washington Ave
Appaloosa Partners Inc.
404 Washington Ave
404 Wash Ave Corp.
404 Washington Ave
Eat/Kiss LLC
404 Washington Ave
Amlp Holdings LLC
404 Washington Ave
Usa Sports Holdings, Inc.
404 Washington Ave
Appaloosa Partners Ii Inc.
404 Washington Ave
Probuilt Group LLC
635 Euclid Ave
Santos Jomar, LLC
635 Euclid Ave
5 - 18 Condominium, Inc.
518 Euclid Ave
T-Station, LLC.
710 6th St
Ojo Vision LLC
710 6th St
609-7 Euclid LLC
609 Euclid Ave
609-1 Euclid LLC
609 Euclid Ave
Kath Group LLC
536 Euclid Ave
Variety Paris LLC
550 Washington Ave
550 Landlord LLC
550 Washington Ave
550 Washington LLC
550 Washington Ave
Brahim Brothers LLC
534 Washington Ave
536 Washington LLC
534 Washington Ave
Adco 49 LLC
746 5th St
Cristian Rose, LLC
733 5th St
Larva Maxi LLC
733 5th St
Pegaso Fly, LLC
733 5th St
Blanco Studio LLC
733 5th St
305 Nails & Spa LLC
733 5th St
Lb Promotions LLC
715 5 Street
Sparks Law, Pllc
418 Euclid Ave
Alton Star 302, LLC
418 Euclid Ave
Alton Star 502, LLC
418 Euclid Ave
Lenox Plaza 310, LLC
418 Euclid Ave
Fertile Earth Foundation, Inc.
428 Collins Avenue #8
Ar Visions LLC
425 Washington Ave
Kalamata LLC
423 Washington Ave
Max & Frank, L.L.C.
419 Washington Ave
14 At 3 Ot, LLC
411 Washington Ave
Harrison Hotel, Inc.
411 Washington Ave
Disclaimers and Disclosures

Public Records Data

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