Miami-Dade County Real Estate - Miami

Miami

Miami is Florida's second most populous city. Miami is also the second largest US city with a Spanish speaking majority, which accounts for its nickname of "the capital of Latin America." Industries with the largest influence in Miami include commerce, finance, and international business. Miami is home to the headquarters of many large businesses including Burger King, US Century Bank, Caribbean Cruise Lines, and World Fuel Services. The port of Miami is one of the nation's busiest ports and contributes $18 billion to the city's economy. The largest employers in Miami are Miami-Dade County Public Schools, Miami-Dade County, United States Government, Florida Government, University of Miami, and Baptist Health South Florida.

Miami is in South East Florida. It's population as recorded in the 2010 Census was 399,457.

The median age for residents of Miami is 38.8. Around 27.3% of Miami households include school aged children and 29.9% of households include individuals aged 65 years or over. Census records indicate 72.5% of the Miami population are White, 19.2% are Black or African American, .2% American Indian, .9% Asian and 2.6% are Two or more Races. Miami has a significant Hispanic population. 69.9% (279,456) of Miami residents are of Hispanic or Latino origin. Of these 2.08% are of Mexican origin, 4.57% Puerto Rican, 49.13% Cuban and 44.2% are of other Hispanic or Latino origin.

There are 183,994 housing units in Miami. 25,677 (13.9%) of these were reported as vacant in the 2010 Census. There are 118,493 residential rental units in Miami. 107,131 of them were occupied in 2010 providing a residential rental vacancy rate of 9.2%.

Miami 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 
1529 Palermo Ave Single Family 2,058 A
1523 Palermo Ave Single Family 2,102 A
1533 Palermo Ave Single Family 1,968 A
1542 Sevilla Ave Single Family 2,984 A
1519 Palermo Ave Single Family 3,264 A
2800 Alhambra Cir Single Family 7,113 B
1541 Palermo Ave Single Family 1,953 A
2723 Country Club Prado Single Family 4,191 A
2820 Alhambra Cir Single Family 3,927 A
1550 Sevilla Ave Single Family 2,266 A
1528 Palermo Ave Single Family 1,786 A
1534 Palermo Ave Single Family 2,073 A
1555 Palermo Ave Single Family 2,101 A
1518 Palermo Ave Single Family 2,429 A
2718 Alhambra Cir Single Family 3,234 A
1542 Palermo Ave Single Family 2,953 A
2719 Country Club Prado Single Family 3,508 A
2720 Country Club Prado Single Family 2,488 A
1559 Palermo Ave Single Family 2,201 A
2908 Alhambra Cir Single Family 3,414 A
2714 Alhambra Cir Single Family 1,649 A
1558 Sevilla Ave Single Family 2,716 A
1552 Palermo Ave Single Family 2,869 B
1531 Catalonia Ave Single Family 2,979 A
1535 Catalonia Ave Single Family 2,457 A
2710 Country Club Prado Single Family 2,401 A
1539 Catalonia Ave Single Family 2,493 A
1521 Catalonia Ave Single Family 3,357 A
1561 Palermo Ave Single Family 1,914 A
1555 Sevilla Ave Single Family 2,414 A
2700 Alhambra Cir Single Family 2,985 A
1498 Sevilla Ave Single Family 5,326 A
1556 Palermo Ave Single Family 1,822 A
2912 Alhambra Cir Single Family 3,176 A
2731 Red Rd Single Family 1,701 A
1549 Catalonia Ave Single Family 2,053 A
2819 Alhambra Cir Single Family 4,035 A
2650 Country Club Prado Single Family 5,272 A
1560 Palermo Ave Single Family 1,869 A
2721 Red Rd Single Family 1,701 A

Local Household Income

The median household income in this part of Florida is $77,610. The bottom 10% of the population earn less than $20,775 per year. The top 10% earn more than $310,335 per year. The top 1% earn more than $711,415 per year. Most renters earn between $30,924 (20th percentile) and $55,332 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $155,220 and $194,025.

The tax assessed value of this property places it in percentile 83 of all properties in this area. This suggests it would appeal to someone earning around $200,365 per year who should qualify for a mortgage between $400,730 and $500,913.

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 $1,209. Most renters earn between $2,577 and $4,611 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $947 (20th percentile) to $1,661 (80th percentile) range. The residential vacancy rate is 9%.

This property falls in percentile 83 of all properties in this area. This corresponds to a rent of $1,751 per month and a monthly household income of $4,896 ($58,752 per year)

Nearby Companies

Estarellas Properties, LLC
2650 Country Club Prado
5140 Estate, LLC
2650 Country Club Prado
7031-7033 Estates, LLC
2650 Country Club Prado
324-328 Estates, LLC
2650 Country Club Prado
2725 Estate, LLC
2650 Country Club Prado
5137 Estate, LLC
2650 Country Club Prado
Coco Plum Estate, LLC
2650 Country Club Prado
4721 Estate, LLC
2650 Country Club Prado
Aegis Digital, LLC
2720 Country Club Prado
Best Plan Insurance Corp.
1542 Sevilla Ave
Coronado Ii 1024, Inc.
20335 West Country Club Dr Apt # 506
Gfc Of Miami, Inc.
1528 Sevilla Ave
Pamsa Corp.
1561 Palermo Ave
Casa 82, Corp.
1561 Palermo Ave
Alsar Construction, Corp
1561 Palermo Ave
Matis Associates, LLC
1552 Palermo Ave
Carmonex LLC
1549 Catalonia Ave
Larz LLC
1535 Catalonia Ave
Jrt Risk Management, LLC
1528 Palermo Ave
Castano Group, L.C.
1528 Palermo Ave
De Zarraga Group, L.C.
1528 Palermo Ave
Cacicedo Group, L.C.
1528 Palermo Ave
Industrial Del Tropico, L.C.
1528 Palermo Ave
Aleman Holdings, Inc.
1528 Palermo Ave
Carranza Foundation, Inc.
1528 Palermo Ave
Henfay Corp.
1528 Palermo Ave
House Cover, LLC.
1540 Catalonia Ave
Fracine, Inc.
1518 Palermo Ave
Sardinas Design Studio, Pllc
2912 Alhambra Cir
Sardinas Architect, Inc.
2912 Alhambra Cir
Grand Marina 14, LLC
2800 Alhambra Cir
Olp Decision Systems Inc.
2908 Alhambra Cir
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

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