Coral Bay Sec D Homes for Sale

Coral Bay Sec D is an age-restricted 55+ community in Coral Gables, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $6,900,000 to $8,800,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Coral Bay Sec D and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Coral Bay Sec D 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 Coral Bay Sec D Coral Gables homes for sale as of October 2026. The median asking price is $6.9M. Asking prices run from $4.75M to $8.75M.

That is 264% above the Coral Gables median of $1.9M. On a per-foot basis, homes here ask about $1,669 per square foot, compared with $934 across Coral Gables. So the median price buys roughly 4,150 square feet of living area.

Listings here have averaged 325 days on the market. That is slower than the Coral Gables average of 137 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Coral Bay Sec D date from 1972 to 2011. That puts them between 15 and 54 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

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.

Coral Bay Sec D includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

At a median near $6.9M, Coral Bay Sec D sits in the luxury tier of Coral Gables. Jumbo financing and proof of funds usually come up early in these negotiations.

Here is what the median Coral Bay Sec D price means in Florida closing terms. At $6.9M, a 20% down payment comes to about $1.38M, leaving a loan near $5.52M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $19,320. Next, the intangible tax of 0.2% adds about $11,040. 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 $41,400 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 Coral Bay Sec D listings show assignments to Pinecrest (elementary), Palmetto (middle) and Miami Palmetto (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.