Miami-Dade County Real Estate - Key Biscayne

Key Biscayne is in South East Florida. It's population as recorded in the 2010 Census was 12,344. Key Biscayne is approximately 8 miles from Miami (population 399,457) and around 13 miles from Hialeah (population 224,669).

The median age for residents of Key Biscayne is 41.8. Around 38.4% of Key Biscayne households include school aged children and 32.9% of households include individuals aged 65 years or over. Census records indicate 96.1% of the Key Biscayne population are White, .4% are Black or African American, .1% American Indian, 1% Asian and 1.2% are Two or more Races. Key Biscayne has a significant Hispanic population. 61.5% (7,602) of Key Biscayne residents are of Hispanic or Latino origin. Of these 6.7% are of Mexican origin, 2.52% Puerto Rican, 26.97% Cuban and 63.78% are of other Hispanic or Latino origin.

There are 7,072 housing units in Key Biscayne. 2,368 (33.4%) of these were reported as vacant in the 2010 Census. Key Biscayne is a tourist destination, 80% (1,896) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,678 residential rental units in Key Biscayne. 1,456 of them were occupied in 2010 providing a residential rental vacancy rate of 12.3%.

Key Biscayne 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 
7841 Sw 182 Ter Single Family 3,002 C
7801 Sw 182 Ter Single Family 3,618 B
7820 Sw 181 Ter Single Family 3,652 B
7820 Sw 182 Ter Single Family 3,516 C
7800 Sw 181 Ter Single Family 3,302 C
7840 Sw 181 Ter Single Family 3,207 C
7800 Sw 182 Ter Single Family 3,423 C
7840 Sw 182 Ter Single Family 3,389 B
7861 Sw 182 Ter Single Family 3,306 B
7761 Sw 182 Ter Single Family 3,633 B
7760 Sw 181 Ter Single Family 3,025 C
7860 Sw 181 Ter Single Family 3,196 C
7760 Sw 182 Ter Single Family 4,003 B
7821 Sw 181 Ter Single Family 3,669 C
7821 Sw 183 Ter Single Family 4,015 B
7860 Sw 182 Ter Single Family 4,338 B
7805 Sw 183 Ter Single Family 3,616 C
7801 Sw 181 Ter Single Family 3,353 C
7841 Sw 183 Ter Single Family 4,266 C
7761 Sw 183 Ter Single Family 3,557 B
7741 Sw 182 Ter Single Family 3,373 B
7881 Sw 182 Ter Single Family 4,006 C
7740 Sw 182 Ter Single Family 4,275 B
7761 Sw 181 Ter Single Family 3,301 B
7861 Sw 181 Ter Single Family 3,948 B
7740 Sw 181 Ter Single Family 3,589 C
7865 Sw 183 Ter Single Family 3,822 C
7880 Sw 181 Ter Single Family 3,649 B
7820 Sw 180 Ter Single Family 3,160 C
7870 Sw 182 Ter Single Family 3,654 B
7800 Sw 180 Ter Single Family 3,275 C
7840 Sw 180 Ter Single Family 3,903 C
7745 Sw 183 Ter Single Family 3,581 C
7741 Sw 181 Ter Single Family 3,565 B
7881 Sw 181 Ter Single Family 3,110 C
7760 Sw 180 Ter Single Family 2,968 C
18245 Sw 78 Pl Single Family 3,964 B
7860 Sw 180 Ter Single Family 3,060 C
7720 Sw 182 Ter Single Family 4,296 C

Local Household Income

The median household income in this part of Florida is $93,333. The bottom 10% of the population earn less than $26,702 per year. The top 10% earn more than $344,964 per year. The top 1% earn more than $765,737 per year. Most renters earn between $34,464 (20th percentile) and $73,464 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $186,666 and $233,333.

The tax assessed value of this property places it in percentile 98 of all properties in this area. This suggests it would appeal to someone earning around $591,431 per year who should qualify for a mortgage between $1,182,862 and $1,478,578.

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 $1,158. Most renters earn between $2,872 and $6,122 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $881 (20th percentile) to $1,776 (80th percentile) range. The residential vacancy rate is 5%.

This property falls in percentile 98 of all properties in this area. This corresponds to a rent of $3,735 per month and a monthly household income of $10,835 ($130,020 per year)

Nearby Companies

Florida Cpa Firm, LLC
7740 Sw 182 Ter
Iris Cohen, LLC
7761 Sw 182nd Ter
Grandslam Orthopedics Corp.
7861 Sw 182 Terrace
Lucas Holdings LLC
7860 Sw 182 Terrace
Lucas Goldsmith Properties, Inc.
7860 Sw 182 Terrace
One Pink Lotus, LLC
7861 Sw 182nd Ter
Claire Darnel Productions LLC
7820 Sw 180 Terrace
Vali Ranch Holdings, LLC.
7820 Southwest 181st Ter
Vali Rentals, LLC.
7820 Southwest 181st Ter
Dj Global Marketplace, Inc.
7821 Sw 183 Terr
Daygrace LLC
7821 S W 183 Terrace
Disclaimers and Disclosures

Public Records Data

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