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Coral Bay

Coral Bay

Suburban Neighborhood in Margate, Florida

Broward County 33063

$508,613 Average Value
$325 Average Price per Sq Ft
18 Homes For Sale

Coral Bay is a neighborhood with two identities. To the north, the gated community of Coral Bay, where the neighborhood gets its name, is an all-ages community with eight subdivisions of single-family homes that wind around a 70-acre lake, the largest in the area. To the south, Coral Cay Plantation, a 55-plus mobile-home community, enjoys its own waterfront views with the Stranahan River and a canal on two sides. Both halves of the neighborhood enjoy exceptional amenities, a prime central location and attractive price points.

“Coral Bay draws working families with its clubhouses, activities and low HOA fees,” says real estate broker Sheng Kim with Full Service 3% Realty. This is a well-run community that’s only about 30 years old.” Most houses here are two stories with Spanish-style roofs, arched entryways, and prominent two-car garages. Some include backyard pools with built-in barbecues for entertaining; others enjoy stunning lakefront views. On average, these homes sell for between $320,000 for fixer-uppers and $700,000 for the largest and most recently updated. To the south, manufactured homes in Coral Cay Plantation often feature carports, screened-in porches and decks. Some enjoy backyard water access. And they’re priced much lower than Coral Bay — between $60,000 and $115,000. And HOA fees are higher — $950 per month, which includes the land lease.

The neighborhood’s public schools include Margate Elementary, which received a B from Niche, partly for its good 16 to 1 student-teacher ratio. Margate Middle, a C-plus school, offers a STEM magnet program for students interested in engineering or biomechanics that can earn them an automatic seat in a magnet high school. Students at Coral Springs High, which scored a B, can start early on their career interests through dual enrollment programs at five Florida colleges and universities. Families can also choose from several charter and private schools nearby, such as K-8 Renaissance Charter School at Coral Springs, which received a B-plus from Niche and an 8-of-out-10 rating from GreatSchools.

Amenities are a high priority to homebuyers interested in purchasing a home in the neighborhood. Coral Bay features three community swimming pools, one built on a narrow peninsula that juts into the central lake and offers stunning panoramic views. Residents can play tennis or basketball at North Bay Park, and kids can climb and slide on the playground in South Bay Park. As you might guess, a 55-plus community like Coral Cay has its own demand for social and recreational activities. That’s why, in addition to tennis and basketball courts, you’ll find bocce ball and shuffleboard courts, horseshoes, two heated pools, a spa and whirlpool, two beautiful clubhouses, a library, a billiard room, and social and sports activities that bring residents together. For anyone needing help with physical fitness, a You Fit Gym is nearby, too, where members can take advantage of group fitness classes and small group training led by personal trainers.

Serving the health-care needs of the region, HCA Florida Northwest Hospital features 289 beds and a medical center that leads the way in robotic surgery and emergency care. For everyday needs, you'll find many grocery stores at West Sample Road and North State Road 7, such as the Publix at Coral Landings. Not far away is an ALDI. And a short distance south is Broward Meat and Fish, which sells everything from ground beef to oxtail. For a bite to eat, you might stop at Dandee Donut Factory, which serves 50 varieties of donuts, Bonefish Mac’s, a seafood, burger and wings place, or It’s All Greek to Me, an eatery where you can get anything from pita wraps to classic Greek dishes. A few blocks north, you’ll find the Seminole Casino Coral Creek, a Las Vegas-style entertainment venue with slot machines, table games, restaurants and live entertainment. Go west, and you’ll hit Cornerstone Plaza. Dubbed the new downtown of Coral Springs, this vibrant city center with upscale restaurants, bars and cafés is surrounded by a flagship Hyatt hotel and luxury apartments.

Coral Bay is unique because it’s “in the middle of Coral Springs, Parkland and Margate,” Kim says, “a great central location for parks, attractions and highway access.” Whether you’re starting a family or newly retired, this neighborhood is where people stay active and enjoy life.

Christopher Kopczynski
Written By
Christopher Kopczynski
Eduardo Ford
Photography Contributed By
Eduardo Ford
Michael McAdams
Video By
Michael McAdams

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Alexandre Brice, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Fort Lauderdale/Hollywood International

35 min drive

Bus

Us 441 & Colonial D

Bus

Turtle Creek D & S Bay D

Crime and Safety

1 - Low Crime, 10 - High Crime Coral Bay US
Homicide 3 4
Sexual Assault 6 4
Assault with Weapon 4 4
Robbery 3 4
Burglary 5 4
Motor Vehicle Theft 4 4
Larceny 6 4
Crime Score 5 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$492,500
Median Single Family Price
$500,000
Average Price Per Sq Ft
$325
Number of Homes for Sale
18
Last 12 months Home Sales
39
Months of Supply
5.50
Median List Price
$519,997
Median Discount From 1st List Price
4%
Median Home Sale Price YoY Change
1%

Home Facts

Number of Homes in Neighborhood
944
Median Year Built
1993
Avg. Single Family Home Size Sq Ft
1,589
Below the national average
1,935
Average Townhouse Size Sq Ft
1,142
Median Lot Size Sq Ft
3,920

Open Houses

  • Saturday, Apr 26
    12 - 3pm

    6631 Saltaire Terrace, Margate, FL 33063

    $599,990

    • 4 Beds
    • 2.5 Baths
    • 2,113 Sq Ft
    • 6631 Saltaire Terrace
    • New 11 days ago

    This beautifully maintained 2-story gem offers the perfect blend of comfort, style, and convenience. Nestled in the desirable neighborhood of Coral Bay with the lowest HOA fees in the area, this home truly stands out. Step inside to discover updated appliances, new modern light fixtures, and a spacious layout perfect for both relaxing and entertaining. The freshly painted exterior and driveway

    Greg Sullivan ByOwner.Com

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  • Saturday, Apr 26
    12 - 3pm

    6611 Fern St, Margate, FL 33063

    $499,900

    • 3 Beds
    • 2.5 Baths
    • 1,464 Sq Ft
    • 6611 Fern St
    • New 19 days ago

    This beautiful 2-story home in the highly sought-after Coral Bay community offers 3 bedrooms plus a spacious loft, perfect for a home office or extra living space. The recently updated kitchen features Italian calacatta quartz countertops, a wine cooler, double ovens, and a large island with breakfast bar seating. This home is equipped with impact windows, a 2022 roof, 2022 A/C, and a 2021 water

    Gonzalo Realtor Vargas Parrot Realty LLC

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  • Saturday, Apr 26
    11am - 2pm

    6365 Ocean Dr, Margate, FL 33063

    $599,999

    • 4 Beds
    • 3 Baths
    • 2,113 Sq Ft
    • 6365 Ocean Dr

    Experience breathtaking lake views from this 4-bed, 2.5-bath home in Coral Bay! This rare find features a new roof (2024), fresh paint, brand-new vinyl flooring upstairs, and a new AC compressor fully recharged (2024). The upgraded kitchen boasts 2023 high-end Frigidaire Gallery appliances, including a refrigerator, induction stove, microwave, and Bosch dishwasher. Additional upgrades include

    Monica Berardinelli The Keyes Company

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Alexandre Brice, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
4,829
Median Age
44
Population Density
9 ppl/acre
Population under 18
20.6%
On par with the national average
23.8%
Population over 65
20.4%
On par with the national average
19.1%

Finances

Median Household Income
$72,901
On par with the national average
$71,702
Average Household Income
$94,326

Education and Workforce

High School Graduates
92.2%
On par with the national average
89.1%
College Graduates
34.6%
Advanced Degrees
13.3%
% Population in Labor Force
68%
On par with the national average
65.1%

Weather

Annual Precipitation
59''
Average Winter Low Temperature
59°F
Average Summer High Temperature
91°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®

34 / 100

Car-Dependent

Walk Score®

7 / 100

Some Transit

Transit Score®

36 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Coral Bay