Coconut Grove Sec 1 Coral Homes for Sale

Coconut Grove Sec 1 Coral is a residential community in Coral Gables, Florida.

Pure Equity Realty covers Coconut Grove Sec 1 Coral and the Coral Gables area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 3 Coconut Grove Sec 1 Coral Coral Gables homes for sale as of October 2026. The median asking price is $1.3M. Asking prices run from $1.3M to $1.88M.

That is 33% below the Coral Gables median of $1.94M. On a per-foot basis, homes here ask about $1,024 per square foot, compared with $936 across Coral Gables. So the median price buys roughly 1,250 square feet of living area.

Listings here have averaged 20 days on the market. That is faster than the Coral Gables average of 135 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Coconut Grove Sec 1 Coral date from 1925 to 1956. That puts them between 70 and 101 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Rentals in Coconut Grove Sec 1 Coral have a median asking rent of $5,500 per month, across 3 active rental listings. For comparison, the Coral Gables median is $4,200, so rents here run 31% higher.

For investors, those medians imply a gross yield near 5.1% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Coral Gables rentals or ask us for a rent estimate on a specific Coconut Grove Sec 1 Coral home.

Here is what the median Coconut Grove Sec 1 Coral price means in Florida closing terms. At $1.3M, a 20% down payment comes to about $260,000, leaving a loan near $1.04M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $3,640. Next, the intangible tax of 0.2% adds about $2,080. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $7,800 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Coconut Grove Sec 1 Coral listings show assignments to Frances S. Tucker (elementary) and Coral Gables (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.