Coral Reef Estates Homes for Sale

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.

Pure Equity Realty covers Coral Reef Estates and the Palmetto Bay 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 a single listing for Coral Reef Estates Palmetto Bay homes for sale as of October 2026. The median asking price is $1.23M.

That is 19% below the Palmetto Bay median of $1.52M. On a per-foot basis, homes here ask about $568 per square foot, roughly in line with the city at $568. So the median price buys roughly 2,150 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 7 days on the market. That is faster than the Palmetto Bay average of 94 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Coral Reef Estates date from 1959 to 1966. That puts them between 60 and 67 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 Coral Reef Estates have a median asking rent of $8,250 per month, across 1 active rental listing. For comparison, the Palmetto Bay median is $2,761, so rents here run 199% higher.

You can browse current Palmetto Bay rentals or ask us for a rent estimate on a specific Coral Reef Estates home.

Here is what the median Coral Reef Estates price means in Florida closing terms. At $1.23M, a 20% down payment comes to about $245,000, leaving a loan near $980,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $3,430. Next, the intangible tax of 0.2% adds about $1,960. 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 $7,350 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 Reef Estates listings show assignments to Coral Reef (Miami-Dade) (elementary), Southwood (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.