Community · Palmetto Bay, FL
Coral Reef Estates Palmetto Bay, FL Homes For Sale & Real Estate
Coral Reef Estates, Palmetto Bay, FL, is a community in Miami-Dade County with 1 home for sale right now. Coral Reef Estates is a community in Palmetto Bay, Miami-Dade County, Florida.
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Coral Reef Estates Market at a Glance
Live MLS · Updated Oct 14, 2026
- Active Inventory
- 1
- New Listings (30d)
- 1
- Pending Sales
- 2
- Median List Price
- $1,225,000
- Avg Days on Market
- 7
Residential MLS data for Coral Reef Estates, updated nightly. View full market reports →
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Market Overview
Coral Reef Estates real estate market
There is 1 home for sale in Coral Reef Estates right now. It is listed at $1,225,000, about $568 per square foot. With so few homes on the market, these asking prices describe that home rather than Coral Reef Estates as a whole, so recent closed sales are the better guide to value here. These figures update from the MLS as the market moves.
Coral Reef Estates Market Stats
MLS data updated October 9, 2026- Active Listings
- 1
- Median List Price
- $1,225,000
- Median $/Sq Ft
- $568
- Avg Days on Market
- 7
- Price Range
- $1,225,000 to $1,225,000
Frequently Asked Questions
- How many homes are for sale in Coral Reef Estates?
- There is 1 home for sale in Coral Reef Estates right now, and the count updates from the MLS nightly as homes come on the market and go under contract. Inventory this thin means a buyer who wants to live in Coral Reef Estates is usually waiting for the next listing rather than choosing between several, so it pays to be ready before one appears. Ask us to set up a search alert and you will see new Coral Reef Estates listings the day they reach the market.
- What do homes in Coral Reef Estates cost?
- The one home for sale in Coral Reef Estates is listed at $1,225,000, about $568 per square foot. An asking price is one seller's opinion, and with so few listings it says more about that house than about Coral Reef Estates. Recent closed sales in Coral Reef Estates are the better measure, and we can pull them for a specific home.
About Coral Reef Estates
Coral Reef Estates, Palmetto Bay, FL, is a community in Miami-Dade County with 1 home for sale right now. Coral Reef Estates is a community in Palmetto Bay, Miami-Dade County, Florida. Active listings are priced from $940,000 to $1,500,000. Homes were built between 1959 and 1966. Pure Equity lists homes in Coral Reef Estates and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
Homes & Architecture
Homes for sale in Coral Reef Estates
Homes for sale in Coral Reef Estates offer 4 bedrooms and 2 baths. Living areas are around 2,158 square feet. The mix here includes single family homes. The 12 most recent sales in Coral Reef Estates had 3 to 6 bedrooms and 1,413 to 3,369 square feet, which is a fuller picture of the homes here than the current listings alone. Those homes were built between 1958 and 1969.
Schools
Schools near Coral Reef Estates
Homes for sale in Coral Reef Estates are typically zoned for the Palmetto Bay public schools below, based on current MLS listings. Confirm the exact attendance zone for any specific address with the Miami-Dade County school district before you buy.
- Elementary School
- Coral Reef (Miami-Dade)
- Middle School
- Southwood
- High School
- Miami Palmetto
Map
Where Coral Reef Estates is in Palmetto Bay
Centred on the homes listed and recently sold in Coral Reef Estates.
Recent Sales
Recently sold homes in Coral Reef Estates
These are the last 12 recorded closings in Coral Reef Estates, with the price each home actually sold for rather than what it was listed at. They closed at a median of $523 per square foot. The most recent closed on October 14, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$1,915,000
Sold · October 14, 2026
8600 SW 162nd Street
6 bed · 3 bath · 3,369 sqft · $568/sqft
$84,000 under the asking price
Sold$922,000
Sold · October 9, 2026
15200 SW 88th Avenue
3 bed · 2 bath · 2,536 sqft · $364/sqft
$227,000 under the asking price
Sold$1,450,000
Sold · July 20, 2026
15845 SW 87th Avenue
4 bed · 3 bath · 3,000 sqft · $483/sqft
$145,000 under the asking price
Sold$885,000
Sold · July 10, 2026
15821 SW 86th Avenue
3 bed · 2 bath · 1,436 sqft · $616/sqft
$5,000 under the asking price
Sold$980,000
Sold · June 3, 2026
15720 SW 87th Court
3 bed · 2 bath · 1,504 sqft · $652/sqft
Sold$950,000
Sold · May 22, 2026
8700 SW 159th Street
3 bed · 2 bath · 1,902 sqft · $499/sqft
$45,000 under the asking price
| Address | Closed | Sold for | Beds / baths | Sq ft | $/sq ft |
|---|---|---|---|---|---|
| 15501 SW 88th Avenue | May 11, 2026 | $833,000 | 3 / 2 | 1,470 | $567 |
| 15420 SW 86th Avenue | January 16, 2026 | $820,000 | 3 / 2 | 1,413 | $580 |
| 8845 SW 156th Terrace | November 13, 2025 | $1,125,000 | 4 / 3 | 3,021 | $372 |
| 15730 SW 87th Court | September 25, 2025 | $1,100,000 | 3 / 2 | 2,113 | $521 |
| 15710 SW 87th Court | September 11, 2025 | $1,099,000 | 3 / 2 | 2,162 | $508 |
| 15920 SW 85th Avenue | August 27, 2025 | $1,030,000 | 4 / 2 | 1,970 | $523 |
See every recorded sale in Coral Reef Estates or find out what your Coral Reef Estates home is worth.
Market & Value
Coral Reef Estates market and home values
The Coral Reef Estates real estate market reads best through the community's own recent activity, not a county-wide average. Only one home is for sale in Coral Reef Estates right now, listed at $1,225,000 or about $568 per square foot, so there is no meaningful asking median to compare with the Miami-Dade County figure. Recorded closings are the better guide, because they show what buyers in Coral Reef Estates actually paid. For pricing an offer or a listing, comparable sales within Coral Reef Estates carry more weight than any headline number, since homes of the same type and size set the real range. Pure Equity can pull the active and recently sold homes in Coral Reef Estates so you work from real numbers, not an estimate.
How It Compares
Coral Reef Estates compared to nearby Palmetto Bay communities
Coral Reef Estates has only 1 home for sale, so its row reflects that listing rather than a community median. Price per square foot is the fairer comparison between communities, because it adjusts for the fact that one neighborhood builds bigger homes than another. Days on market shows how quickly each one is actually selling.
| Community | Homes | Median | $/Sq Ft | Days |
|---|---|---|---|---|
| Lychee Nut Grove | 2 | $1,775,000 | $553 | 167 |
| Southwood | 3 | $1,295,000 | $670 | 104 |
| Coral Reef Estates this page | 1 | $1,225,000 | $568 | 7 |
| Bel Aire Sec 16 | 5 | $749,900 | $496 | 54 |
| Casa Granada | 3 | $269,500 | $347 | 93 |
| Village Homes Condos At | 4 | $194,950 | $266 | 129 |
| Villagio At Palmetto Bay | 3 | $179,000 | $311 | 55 |
Medians come from active listings in each community and move as inventory turns over. They describe the homes currently for sale, not what any one home is worth.
Who It Suits
Is Coral Reef Estates right for you?
It helps to know who Coral Reef Estates tends to suit before you tour. Coral Reef Estates suits a range of buyers, from first-time owners to move-up families, who want a home in Palmetto Bay with the everyday conveniences of the area close by. Whether Coral Reef Estates is right for you depends on how you plan to use the home, full time or seasonally, and Pure Equity can walk you through the tradeoffs before you commit.
Amenities & Lifestyle
Living in Coral Reef Estates
Coral Reef Estates is a residential neighborhood, and its homeowners association maintains the shared areas and community standards.
Location
Coral Reef Estates location
Coral Reef Estates is located in Palmetto Bay, part of Miami-Dade County, Florida. Residents are close to the shopping, dining, schools, and parks of the Palmetto Bay area, with the wider job centers, beaches, and airports of the region within driving distance.
Buying in Coral Reef Estates
Buying a home in Coral Reef Estates
The buying process in Coral Reef Estates is the one used across Miami-Dade County. Getting a mortgage pre-approval first tells you your real budget and lets you move quickly when the right home comes up. Property taxes factor into the monthly payment: the median annual property tax in Miami-Dade County is about $3,516. Florida's homestead exemption lowers the taxable value of a primary residence, and the Save Our Homes cap limits how fast that assessed value can rise from year to year. Budget for homeowners insurance as well. Rates in Florida reflect wind and flood exposure, so gather quotes early and check whether a specific address sits in a FEMA flood zone. Once you are under contract, plan for a home inspection and, if you are financing, a lender appraisal, both of which fall inside the inspection period. Working with an agent who knows Palmetto Bay means you see new listings in Coral Reef Estates the day they reach the market.
Selling in Coral Reef Estates
Selling a home in Coral Reef Estates
Selling a home in Coral Reef Estates starts with pricing it correctly for current conditions. Homes that are decluttered, professionally photographed, and priced to recent comparable sales tend to draw the most interest in the first two weeks, when a listing is newest and gets the most views. Florida sellers usually pay the documentary stamp tax on the deed, currently $0.70 per $100 of the sale price in most counties, along with prorated property taxes and, by local custom in many areas, the owner's title insurance policy. We provide a no-obligation home valuation for Coral Reef Estates owners in Palmetto Bay, so you can see what your property could sell for before you commit to listing.
Thinking of Selling?
What is your Coral Reef Estates home worth?
Online estimates miss what makes a home different. Tell us about yours and a licensed listing agent will send you a pricing opinion based on what has actually closed near you in Coral Reef Estates.
Listing agents and seller representation in Coral Reef Estates
Thinking about selling in Coral Reef Estates? The agent you pick shapes two numbers: what your home closes for, and how long it takes. A listing agent, also called a seller's agent, prices the property against what has actually closed nearby. They also prepare and market it, screen the offers that arrive, and negotiate the terms rather than just the price.
Conditions in Coral Reef Estates sit close to balanced, which rewards sellers who price against real closed sales instead of neighboring asking prices.
Community-level detail matters most here. Association rules, what the fees cover, and which buildings sell fastest all affect your outcome. So does whether a buyer needs board approval before closing. None of it appears in a listing description. All of it decides whether a sale closes on time.
Pure Equity is a licensed Florida brokerage serving Coral Reef Estates. Onias Derilus is the broker of record, Florida Real Estate Broker license BK3276618. A broker holds a higher license than an agent working under one. In practice that means the person advising you on price is also the one legally responsible for the file. That matters most when a deal gets complicated.
More on this: what a listing marketing plan should include · selling a house with title problems
Realtors and real estate agents serving Coral Reef Estates
People search for realtors, real estate agents, and real estate brokers more or less interchangeably. For most purposes the job title matters less than licensing and representation. Every licensed agent in Florida works under a broker. That broker carries final responsibility for the transaction.
What separates real estate professionals in Coral Reef Estates is specificity. Can they answer questions about your street, not just your city? Ask what they have closed nearby and how they arrived at a price. A grounded answer cites particular recent sales. It also explains why those homes compare to yours. Vague reassurance is the warning sign.
More on this: what affects home value in South Florida? · home value after a renovation: what actually adds · what it costs to sell a house here
Buyer's agents in Coral Reef Estates
A buyer's agent represents the purchaser rather than the owner. They identify properties that actually fit and research what comparable homes sold for, not what they asked. They also advise on offer strategy. Finally, they manage inspection and financing deadlines through to closing.
Where buyers have room to negotiate, as they do in Coral Reef Estates, the leverage is only worth something if you know where it exists and what to ask for. If you are buying and selling at the same time, which is common for people moving within Miami-Dade County, sequencing the two is its own skill: contingencies, timing, and what happens if one closing slips all need planning before either home goes on the market.
What representation costs
Real estate commissions are negotiable. No law, multiple listing service, or association sets them. If an agent tells you there is a standard rate, they are misinforming you. What you pay is agreed between you and the brokerage you hire. Get it in writing before the work begins.
Industry rules changed in 2024. Now a buyer and their agent must put compensation in a written buyer agreement before touring homes together. Sellers may still offer to contribute toward the buyer's side. However, that is negotiated rather than assumed. It is worth thinking through with your listing agent before you go live.
More on this: how commission is actually structured · listing photographs, and why they decide the outcome · what Florida sellers have to disclose
Buying Instead?
Search Coral Reef Estates with someone local
We will tell you which listings are worth your time, what comparable homes actually closed for, and how to structure an offer that holds up through inspection and financing.
Frequently asked questions
How do I find a listing agent in Coral Reef Estates?
Ask any listing agent you interview two questions. Which homes have they closed near Coral Reef Estates, and how did they arrive at their suggested price? A grounded answer names recent closed sales. It also explains why those homes compare to yours. Optimistic pricing costs sellers more than almost any other decision. Verify the license too. Florida licenses are public and searchable through the state's DBPR portal. Pure Equity is a licensed brokerage serving Miami-Dade County. You can reach the broker directly at (561) 835-5400.
What does a seller's agent actually do?
A seller's agent prices the home against comparable closed sales. Before it goes live, they advise on repairs and presentation. Then they handle photography and marketing, and put the home in front of buyers and other agents. When offers arrive, they screen them and negotiate both price and terms. Terms matter as much as the number, because inspection windows, financing contingencies, and closing dates all affect whether an offer reaches the closing table.
How much does a real estate agent cost in Coral Reef Estates?
Commissions are fully negotiable. No law or real estate board sets them. What you pay is whatever you and your brokerage agree to in writing before work begins. Since the 2024 rule changes, buyers and their agents must agree compensation in a written buyer agreement before touring homes. Any seller contribution toward the buyer's side is negotiated rather than automatic. Ask any agent you interview to put their fee in writing.
What is the difference between a realtor, a real estate agent, and a broker?
A real estate agent holds a state license to represent buyers and sellers. A broker holds a higher-level license and can operate a brokerage. That broker also carries final legal responsibility for the office's transactions. Realtor is a membership term for agents belonging to the National Association of Realtors. For someone buying or selling in Coral Reef Estates, three practical questions matter. Is the person licensed, who do they represent in your transaction, and what can they actually tell you about your local market?
Do I need an agent to buy a home in Coral Reef Estates?
You are not legally required to use one, but most buyers in Coral Reef Estates do. A buyer's agent handles the parts that are easy to get wrong. That means identifying what comparable homes actually closed for, spotting condition or association issues early, and managing inspection and financing deadlines. Even in a slower market, negotiating room is only useful if you know where it exists.
Can one agent help me sell my current home and buy the next one?
Yes. For people moving within Miami-Dade County it is often the more practical route, because one person coordinates both timelines. Sequencing is the hard part. Should your purchase be contingent on your sale? How would you cover a gap if the closings do not line up? What happens if one side is delayed? Plan all of that before either home is listed, rather than after an offer arrives.
Public Records
Look up Coral Reef Estates property records
Anything on this page that affects what a home costs to own, assessed value, exemptions, flood zone, is published by a public agency. These are the official sources, not our summaries of them.
Miami-Dade County Property Appraiser
Assessed value, homestead exemption status, and recorded sales history for any parcel.
FEMA Flood Map Service Center
Look up the official flood zone for an address before you budget for insurance.
Florida Department of Revenue, property taxes
How Florida assesses property, and which exemptions you can claim.
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