Coral Key Homes for Sale

Coral Key Condo is a community in Margate, Broward County, Florida. Active listings are priced from $210,000 to $255,000. Homes were built starting 1989. Pure Equity lists homes in Coral Key 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 Key and the Margate 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 14 Coral Key Margate homes for sale as of October 2026. The median asking price is $188,000. Asking prices run from $170,000 to $265,000.

That is 19% above the Margate median of $158,000. On a per-foot basis, homes here ask about $242 per square foot, compared with $165 across Margate. So the median price buys roughly 750 square feet of living area.

Listings here have averaged 134 days on the market. That tracks the Margate average of 132 days, so pricing and terms follow the wider city market.

Homes listed in Coral Key date from 1989, so they are about 37 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.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Coral Key is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Coral Key have a median asking rent of $1,900 per month, across 14 active rental listings. That is close to the Margate median of $1,900.

For investors, those medians imply a gross yield near 12.2% 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 Margate rentals or ask us for a rent estimate on a specific Coral Key home.

Here is what the median Coral Key price means in Florida closing terms. At $188,000, a 20% down payment comes to about $38,000, leaving a loan near $150,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $525. Next, the intangible tax of 0.2% adds about $300. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Coral Key median, that is about $1,313.

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 Key listings show assignments to Margate (elementary), Margate (middle) and Coral Springs (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.