Coral Reef Estates
Homes for Sale in Palmetto Bay, FL
All 15 homes for sale in Palmetto Bay, FL · median $281,999 · 55 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 October 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). 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).
Last 30 days in Coral Reef Estates: 1 new listing (median asking $1,175,000), 1 under contract right now. As of October 16, 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 October 16, 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 147 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 2,055 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 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.
29% 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 (2026-10-17).
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 1 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 2026-10-13, 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.
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.
Email me new listings in Coral Reef Estates
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Coral Reef Estates
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Coral Reef Estates will answer, and the answer is published on this page for the next buyer.
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.
See all homes for sale in Palmetto Bay →
Recently off market in CORAL REEF ESTATES
Homes in CORAL REEF ESTATES that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 2 on record.
- 15200 SW 88th Ave · off market
- 8600 SW 162nd Street · off market
| 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.
Every Home for Sale in Coral Reef Estates Right Now (3)
All 3 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 · pending · 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
More Palmetto Bay home searches
Recent Developments in Coral Reef Estates
Development, infrastructure, retail, and school activity affecting Coral Reef Estates, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Retail & Dining
Shops at Sunset Place nears demolition for mixed-use redevelopment
The plan calls for 1,513 residences in seven towers of 12 to 33 stories, a 287-room hotel, a 1,300-seat theater, 202,462 square feet of retail and 65,892 square feet of office. Demolition is now targeted for early 2027 and a first phase around 2029. Plans estimate about $149 million in infrastructure improvements.
What it may mean for the marketReplaces a largely vacant mall with housing, hotel and street-level retail near Dadeland and the South Dade Metrorail line. The site is about 1 mile northwest of Coral Reef Estates.
Source: Miami Today - October 2026Development
Casa Bella Residences opens at 1400 Biscayne Boulevard in Downtown Miami
Related Group and Alta Developers completed the 56-story, 650-foot tower with 319 residences, including 10 penthouses. Closings are underway and first residents have moved in, with more than 90 percent of homes reported under contract. Construction began in November 2023.
What it may mean for the marketAdds 319 completed homes to the downtown Biscayne corridor, close to existing transit, offices and dining. The site is about 8 miles northeast of Coral Reef Estates.
Source: Florida YIMBY - October 2026Builder Activity
Swire Properties breaks ground on Residences at Mandarin Oriental, Miami on Brickell Key
Swire Properties started construction at 500 Brickell Key Drive and 750 Claughton Island Drive on two towers, 66 stories (850 feet) and 33 stories (426 feet). The project includes 326 residences and a 121-room hotel, with Moss as general contractor and completion scheduled for 2030.
What it may mean for the marketAdds multi-year construction activity and future hotel and residential supply on Brickell Key, near the Brickell employment core. The site is about 7 miles northeast of Coral Reef Estates.
Source: Florida YIMBY - September 2026Development
University of Miami agreement with Coral Gables would add a hospital of up to 100 beds
A development agreement would allow construction of a hospital with up to 100 beds on the university's Coral Gables campus, offering inpatient, outpatient and emergency care. The agreement would also reshape the campus, which includes the Gables Village residential complex of 1,458 beds slated for mid-2029. Cost, size and timeline for the hospital were not stated.
What it may mean for the marketA campus hospital would add inpatient and emergency care capacity and healthcare employment in the Coral Gables area. The site is about 2 miles north of Coral Reef Estates.
Source: Miami Today - September 2026Civic
Miami-Dade commissioners adopt $14.26 billion budget with flat tax rate
County commissioners approved the fiscal year 2026-27 budget after a meeting that ran from Thursday afternoon into Friday morning. The operating property tax rate stays flat at 4.57 mills. The county says the plan prioritizes public safety, parks and transportation amid slowing revenue growth.
What it may mean for the marketA flat operating millage keeps the county's property tax rate steady for owners across Miami-Dade for the coming fiscal year. The site is about 7 miles northeast of Coral Reef Estates.
Source: Local 10 News - September 2026Infrastructure
County committee reviews $101 million contract for MIA North Terminal baggage screening machines
A county committee is reviewing a $101 million contract to replace 25 explosives detection machines in the North Terminal's baggage-handling system at Miami International Airport. The work would take about four and two-thirds years and be phased to limit disruption.
What it may mean for the marketBaggage system upgrades at the airport support passenger throughput and airport-related operations over several years. The site is about 7 miles north of Coral Reef Estates.
Source: Miami Today
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
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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: October 13, 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.
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More on Coral Reef Estates
- Home values · What homes in Coral Reef Estates actually sell for
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