Coral Reef Estates
Homes for Sale in Palmetto Bay, FL
All 17 homes for sale in Palmetto Bay, FL · median $281,999 · 53 homes for sale in 33157 · Miami-Dade County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via MIAMI MLS
As of September 2026, Coral Reef Estates in Palmetto Bay, FL has 2 homes for sale. Over the 12 months ending 2026-09-20, 8 recorded sales closed at a median of $965,000, $544 per square foot, a median 16 days on market, sellers accepting 96% of original asking (-6% versus the prior year). Homes listed or recently sold were built 1966–1972. At the median price and Miami-Dade County's FY2025-26 rate of 17.59 mills, annual property tax runs about $16,980 ($16,260 with the full homestead exemption).
| Location | Palmetto Bay, Miami-Dade County, FL · ZIP 33157 |
|---|---|
| Sale prices, last 12 months | $965,000 median across 8 closed sales · $544 per sq ft · -6.3% vs the prior 12 months |
| Days on market (closed sales) | 16 median |
| For sale right now | 2 active, 2 pending · median asking $1,062,000 |
Data as of September 20, 2026. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2015 through 2026. Market figures describe homes, not residents. Cite as: Momentum Realty, “CORAL REEF ESTATES key facts,” movewithmomentum.com/neighborhoods/coral-reef-estates, data as of September 20, 2026.
Last 30 days in Coral Reef Estates: 1 new listing (median asking $1,225,000), 2 under contract right now. As of September 23, 2026, Listing information provided by the Southeast Florida MLS (SEFMLS) / MIAMI Association of REALTORS(R). Information is deemed reliable but not guaranteed by the MLS to be accurate.
Coral Reef Estates is pricing at a median of $1,005,000, with price per square foot running $521.71 — a figure that puts the community solidly in the upper tier of Miami-Dade activity. The 16.2% year-over-year gain is a meaningful move, and it lines up with a market heat score of 59, which reads as firm demand without the frenzy of a truly overheated segment.
Only 8 closings sit in the current window, so treat any single data point here as a signal, not a certainty — small sample sizes swing medians more than they would in a higher-volume community. Homes are moving at a median of just over 25 days, which tells us buyers are acting with some urgency but sellers still have room to be selective on offers.
Coral Reef Estates right now
🟡 Off the recent peak. The trailing-12-month median ($965K) is down 6.3% from the prior 12 months ($1.03M). With about 7 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level MIAMI MLS closed sales, 12-month windows ending September 20. Confidence: Low (8 and 5 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 26, 2026 · Live data: MIAMI MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Coral Reef Estates market snapshot (as of September 20, 2026): the median sale price is about $965K ($544 per sq ft over the trailing 12 months of closed sales), and a median 16 days on market for closed sales. The trailing-12-month median is down 6% from the prior 12 months, computed from record-level MIAMI MLS closed sales (8 closings in the current window).
In ZIP 33157 (Palmetto Bay), 572 homes closed in the last 12 months at a median of $588K ($383/sq ft), down 1.6% year over year, with a median 52 days on market. Right now 199 active and 76 pending listings put supply at about 3.6 months — a balanced market. See the live ZIP 33157 housing market and the Miami-Dade County market.
MIAMI REALTORS sales records identify 146 homes in CORAL REEF ESTATES that have changed hands since 2006, built between 1957 and 2003 (median 1966), with a median living area of about 2,054 sq ft and a typical 4-bedroom, 2-bath layout; 100% are single-family homes. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Coral Reef Estates sits in Miami-Dade County, where recent activity reflects a smaller number of closings priced well above the county's broader median — a pattern that puts more weight on condition and precise comparables than on the headline number alone.
The setting & the homes.
Aerial and on-site photos of Coral Reef Estates. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Coral Reef Estates
Coral Reef Estates
Coral Reef Estates
Coral Reef EstatesPhotos from MIAMI MLS listings in Coral Reef Estates; content deemed reliable but not guaranteed.
Who Coral Reef Estates is best for.
Best for
- Buyers targeting a purchase near or above the $1,005,000 median who have flexibility on timing
- Sellers with a well-maintained home who want to test pricing against a market that has trended upward
- Buyers comfortable doing extra diligence on comparables given the limited recent closing count
Probably not for
- Buyers who want a large, recent sales history to lean on before making an offer
- Anyone assuming specific community amenities are included — current MLS listings do not identify any
- Buyers working with a tight budget well below the community's current median price point
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level MIAMI MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($965K) IS the median in the snapshot above, and the move from 2025 ($1.03M) IS the -6.3% one-year change.
Windows contain 0 to 13 sales each (8 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2015 through 2026. Deemed reliable but not guaranteed.
36% of homes for sale in ZIP 33157 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-24).
Coral Reef Estates Market Scorecard
Coral Reef Estates is currently a balanced market., a median asking price of $1,062,000, and homes go under contract in about 120 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: MIAMI MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in Coral Reef Estates
Live MLS inventory for Coral Reef Estates. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Coral Reef Estates listings as of 2026-09-18, priced high to low. Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2015 through 2026. Tap any home to ask about it.
Every Home for Sale in Coral Reef Estates Right Now (4)
All 4 active and pending Coral Reef Estates listings with a detail page, newest first, refreshed twice a day from the MLS.
- 15725 SW 89th Ave · $1,225,000 · 4 bd / 2 ba · listed Sep 18, 2026 · listed by Mikasita Realty Inc.
- 15700 SW 87th Ave · $899,000 · 4 bd / 2 ba · listed Sep 11, 2026 · listed by Compass Florida, LLC
- 8600 SW 162nd Street · $1,999,000 · 6 bd / 3 ba · pending · listed Jul 23, 2026 · listed by BHHS EWM Realty
- 15200 SW 88th Ave · $1,149,000 · 3 bd / 2 ba · pending · listed Jun 27, 2026 · listed by Coldwell Banker Realty
The Coral Reef Estates buying strategy.
If we were buying in Coral Reef Estates today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Coral Reef Estates.
What's Actually Driving Price Here
With only 8 closings in the current window, the $1,005,000 median and $521.71 per-square-foot figure should be read as directional rather than definitive. A handful of transactions can move both numbers meaningfully, so buyers and sellers alike benefit from pulling the specific comparable sales behind the median rather than anchoring to it outright.
The 16.2% year-over-year increase paired with a 59 heat score suggests the community has held or built value recently without showing signs of a stalled or cooling market. A median 25.5-day time on market backs that up — homes are not sitting, but they are also not selling instantly, which points to a market that rewards realistic pricing over aggressive listing strategies.
The location and the amenities are priced into every listing in Coral Reef Estates. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community with only 8 recent closings, the difference between a well-supported offer and a guess comes down to how carefully the comparables are read. Momentum pulls the underlying sales behind the median — not just the headline number — so pricing and offer strategy in Coral Reef Estates are built on the actual transactions, not a broad county average.
Coral Reef Estates in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Coral Reef Estates buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Coral Reef Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Coral Reef Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Coral Reef Estates home worth?
Get a no-obligation home value based on real comparable sales in Coral Reef Estates, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Coral Reef Estates?
How long do homes in Coral Reef Estates take to sell?
Who is the best real estate agent for Coral Reef Estates?
How do I find a top Palmetto Bay real estate agent who knows Coral Reef Estates?
Can Momentum Realty connect me with an agent for Coral Reef Estates?
Where is Coral Reef Estates, and what county is it in?
Should you buy in Coral Reef Estates?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | MIAMI MLS, refreshed twice daily (last: September 18, 2026) |
| Community market stats | MIAMI MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | MIAMI MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2015 (70 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of MIAMI MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the MIAMI MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how CORAL REEF ESTATES fits the bigger picture — live prices, inventory, and Momentum Scores:
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