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Real Estate Prices & Overview

Mystic Pointe / Parc Central Aventura median real estate price is $669,365, which is more expensive than 79.6% of the neighborhoods in Florida and 79.0% of the neighborhoods in the U.S.

The average rental price in Mystic Pointe / Parc Central Aventura is currently $5,547, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 98.1% of the neighborhoods in Florida.

Mystic Pointe / Parc Central Aventura is a densely urban neighborhood (based on population density) located in Aventura, Florida.

Mystic Pointe / Parc Central Aventura real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Mystic Pointe / Parc Central Aventura neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Mystic Pointe / Parc Central Aventura. The current real estate vacancy rate here is 47.6%. This is higher than the rate of vacancies in 98.5% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (45.6%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Aventura, the Mystic Pointe / Parc Central Aventura neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

One of the really unique and interesting things about the look and setting of the Mystic Pointe / Parc Central Aventura neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 95.5% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 99.1% of all neighborhoods in America.

In addition, despite all of the residential real estate here in the Mystic Pointe / Parc Central Aventura neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 47.6%, which is higher than 98.5% of all U.S. neighborhoods.

Furthermore, the Mystic Pointe / Parc Central Aventura neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 45,404 persons per square mile in the neighborhood, it is more packed with people than 98.2% of the nation's neighborhoods.

Also of note, most neighborhoods are composed of a mixture of ages of homes, but the Mystic Pointe / Parc Central Aventura stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 86.6% of the residential real estate here was built in this one time period.

Finally, the Mystic Pointe / Parc Central Aventura neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 83.2% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.7% of residents in the Mystic Pointe / Parc Central Aventura neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 96.9% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Diversity

Did you know that the Mystic Pointe / Parc Central Aventura neighborhood has more Brazilian and South American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 9.8% of this neighborhood's residents have Brazilian ancestry and 24.3% have South American ancestry.

Mystic Pointe / Parc Central Aventura is also pretty special linguistically. Significantly, 3.2% of its residents five years old and above primarily speak Portuguese at home. While this may seem like a small percentage, it is higher than 98.7% of the neighborhoods in America.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Mystic Pointe / Parc Central Aventura neighborhood. What is interesting to note, is that the Mystic Pointe / Parc Central Aventura neighborhood has a greater percentage of residents born in another country (56.5%) than are found in 98.8% of all U.S. neighborhoods.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Mystic Pointe / Parc Central Aventura neighborhood in Aventura are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 45.5% of the neighborhoods in America. With 12.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 54.7% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Mystic Pointe / Parc Central Aventura neighborhood, 56.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 24.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.0%), and 5.4% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Mystic Pointe / Parc Central Aventura neighborhood is Spanish, spoken by 52.5% of households. Other important languages spoken here include English, Portuguese and Chinese.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Mystic Pointe / Parc Central Aventura neighborhood in Aventura, FL, residents most commonly identify their ethnicity or ancestry as South American (24.3%). There are also a number of people of Brazilian ancestry (9.8%), and residents who report Mexican roots (8.1%), and some of the residents are also of German ancestry (7.7%), along with some Polish ancestry residents (4.9%), among others. In addition, 56.5% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Mystic Pointe / Parc Central Aventura neighborhood spend between 15 and 30 minutes commuting one-way to work (40.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (60.6%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (10.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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