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Community · Palmetto Bay, FL
Coral Reef Estates is a community in Palmetto Bay, Miami-Dade County, Florida. Active listings are priced from $940,000 to $1,500,000.
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Coral Reef Estates Market at a Glance
Live MLS · Updated Sep 2, 2026
Residential MLS data for Coral Reef Estates, updated nightly. View full market reports →
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Market Overview
There are 4 active listings for sale in Coral Reef Estates right now. The median list price is $1,324,500, or about $586 per square foot. Listings span $940,000 to $1,999,000, so there is inventory across most budgets. Homes are averaging 53 days on market. These figures update from the MLS as the market moves.
Coral Reef Estates Market Stats
Live MLSFrequently Asked Questions
About Coral Reef Estates
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 Realty lists homes in Coral Reef Estates for 1% commission and represents buyers at no cost.
Homes & Architecture
Homes for sale in Coral Reef Estates offer 3 to 6 bedrooms and 2 to 3 baths. Floor plans span roughly 1,622 to 3,369 square feet. The mix here includes single family homes. Current prices run from $940,000 to $1,999,000. The homes on the market were built between 1959 and 1969.
Schools
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.
Market & Value
The Coral Reef Estates real estate market reads best through the community's own recent activity, not a county-wide average. The median list price in Coral Reef Estates is around $1,324,500, or roughly $586 per square foot. That sits about 122% above the Miami-Dade County median, which shows where Coral Reef Estates lands in the local market. Recent asking prices have run from $940,000 to $1,999,000, so the home you choose within Coral Reef Estates matters as much as the community average. Homes here have recently taken about 53 days to go under contract, a useful gauge of how quickly the Coral Reef Estates market is moving. 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 Realty can pull the active and recently sold homes in Coral Reef Estates so you work from real numbers, not an estimate.
Who It Suits
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. On price, Coral Reef Estates sits in the upper tier, drawing buyers who want more space, newer construction, or a stronger location. Whether Coral Reef Estates is right for you depends on how you plan to use the home, full time or seasonally, and Pure Equity Realty can walk you through the tradeoffs before you commit.
Amenities & Lifestyle
Coral Reef Estates is a residential neighborhood, and its homeowners association maintains the shared areas and community standards.
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
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 starts with pricing it correctly for current conditions. List prices in Coral Reef Estates currently center around $1,324,500, which is a starting reference for where a comparable home might be positioned. 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.
Public 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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