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Coral Terrace

Coral Terrace

Neighborhood in Miami, Florida

Miami/Dade County 33144, 33155

$774,809 Average Value
$517 Average Price per Sq Ft
65 Homes For Sale

When people move to Coral Terrace, they stay, says Debbie Lazoff, a real estate professional with Berkshire Hathaway Home Services EWM Realty. “This is a community of families and residents who have been here for years,” she says. With great schools, wonderful parks, the Palmetto Expressway nearby, and Coral Gables just a few blocks away, you can get almost anything and to almost anywhere in minutes.

On average, most single-family homes in Coral Terrace feature three bedrooms and around 1,500 square feet of living space. Spanish revival design, featuring tile roofs and stucco siding, is popular here. Ranch-style houses, too, dominate the neighborhood and often include carports or single-car garages. Most of these homes were built between 1940 and 1990 and have been expertly maintained or upgraded. “Turnkey homes can sell for over $700,000,” Lazoff says. But if you’re willing to do the work, you can still find properties in the $400,000s that need updating. Single-family homes in the eastern part of the neighborhood often sell for over $1 million, and as much as $2.9 million for new construction — a fraction of what these same houses would cost just a few miles east in Coral Gables. Investment properties, such as twin homes or duplexes, also go on the market for $600,000 to $800,000, many with tenants already in place.

Families with children have several options when it comes to public education. Flagami Elementary scored a B-plus from Niche and received a high overall score (9/10) from GreatSchools. West Miami Middle was named a Merit School of Distinction by Magnet Schools of America for its ecology and technology program, which focuses on environmental awareness, consumption and waste, and similar issues. South Miami Senior High, too, received a Merit School of Distinction award for its Magnet School of the Arts program, taught by educators actively working in their respective arts disciplines. South Miami also offers a comprehensive curriculum of advanced placement, honors, dual enrollment and Cambridge International coursework.

The A.D. “Doug” Barnes Park is a 65-acre green space that borders a canal at one end and features a lake for fishing at the other. Here, you’ll find covered pavilions, an outdoor exercise gym, walking trails and a beautifully redone basketball court. It’s common to see birthday parties or baby showers being celebrated here. The park also offers 15 acres of Pine Rockland, where pine trees grow despite ground hardened by limestone, and special activities for persons with disabilities, including a summer camp. A few blocks north, you’ll find Brothers to the Rescue Park, a baseball center with four full-sized lighted baseball diamonds. The park pays tribute to four airplane pilots who were shot down over Cuba in 1996 on a mission to spread leaflets encouraging the overthrow of the Castro government. They were part of the Brothers to the Rescue organization formed in 1991 to aid Cubans fleeing the island on rafts.

History is no stranger to Coral Terrace, especially with the historic Biltmore Hotel in Coral Gables less than 3 miles away. Opened in 1926, the hotel offers an 18-hole, 71-par championship golf course and the largest hotel pool on the East Coast. Its specular Mediterranean architecture with Italian, Moorish and Spanish influences has been designated a national historic landmark. It’s also an exciting place to have lunch poolside or enjoy a cooking class through the hotel’s culinary academy. For everyday needs, Gables West Plaza is one of several shopping centers throughout the neighborhood that offer health-care services, pharmacies, retail stores and restaurants all in one place. El Rinconcito is one of them, a Cuban family restaurant with big portions, great prices and lots of flavors, such as their media noche sandwich made with sweet Cuban bread, ham, sliced pork and tons of Swiss cheese. Speaking of good eats, enjoy the ceviche or any of the fresh seafood at Disco Fish on Southwest 67th Avenue. This casual and quirky eatery serves some of the best whole fish in town. For anything else, the Palmetto Expressway borders the neighborhood and will get you to places like Dadeland Mall or Westland Mall in minites.

“Coral Terrace has the perfect central location,” says Lourdes Cuenca, broker-owner of The Real Estate Firm Inc. “You could have dinner downtown, in South Miami or Coral Gables and still get home early,” she says. If you’ve been hunting for a well-established neighborhood, where residents have everything they need or a fast expressway to get it, set your sights on Coral Terrace.

Christopher Kopczynski
Written By
Christopher Kopczynski
Yanan Sun
Photography Contributed By
Yanan Sun
Bill Jennings
Video By
Bill Jennings

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 Richard Corrales, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Miami International

15 min drive

Bus

SW 67 Av & SW 32 Te

Bus

SW 24 St & SW 65 Av

Bus

SW 67 Av & SW 26 Te

Bus

SW 8 St & SW 75 Av

Bus

SW 67 Av & SW 18 St

Bus

SW 8 St & SW 70 Av

Bus

SW 62 Av & SW 30 St

Crime and Safety

1 - Low Crime, 10 - High Crime Coral Terrace US
Homicide 2 4
Sexual Assault 3 4
Assault with Weapon 3 4
Robbery 3 4
Burglary 3 4
Motor Vehicle Theft 3 4
Larceny 3 4
Crime Score 3 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$720,000
Median Single Family Price
$749,000
Median Townhouse Price
$827,500
Median 2 Bedroom Price
$517,000
Average Price Per Sq Ft
$517
Number of Homes for Sale
65
Last 12 months Home Sales
167
Months of Supply
4.70
Median List Price
$799,000
Median Discount From 1st List Price
4%
Median Home Sale Price YoY Change
9%

Home Facts

Number of Homes in Neighborhood
6,325
Median Year Built
1953
Avg. Single Family Home Size Sq Ft
1,575
Below the national average
1,935
Average Townhouse Size Sq Ft
2,060
Average 2 Bedroom Size Sq Ft
1,061
Average 1 Bedroom Size Sq Ft
523
Median Lot Size Sq Ft
7,405

Open Houses

  • Sunday, Apr 27
    11am - 12pm

    3930 SW 61st Ave, Miami, FL 33155

    $849,000

    • 3 Beds
    • 2 Baths
    • 1,447 Sq Ft
    • 3930 SW 61st Ave
    • New 23 days ago

    Welcome to your dream home in this vibrant & sought-after neighborhood of Miami! One story 3-bedroom, 2-bathroom residence offers the perfect blend of comfort, style, & convenience. Nestled in a serene tropical feel, & centrally located, the home has inviting open layout. Step inside to discover a thoughtfully designed interior, complete with a fully updated kitchen featuring sleek countertops,

    Agent Photo
    Jessica Wolf
    Luxe Properties
    (305) 912-8825
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  • Saturday, Apr 26
    12 - 3pm

    3953 SW 60th Ave, Miami, FL 33155

    $1,250,000

    • 3 Beds
    • 2 Baths
    • 2,013 Sq Ft
    • 3953 SW 60th Ave
    • New 7 days ago

    This beautifully remodeled property boasts a perfect blend of modern design and comfort. Featuring contemporary finishes, new appliances, and stylish décor throughout, every detail has been thoughtfully curated. Ideal for those seeking a move-in-ready home with spacious living areas, and a vibrant atmosphere. Backyard features a spacious covered patio IPE wood deck & jacuzzi, perfect for

    Maria Prieto Luxe Properties

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  • Sunday, Apr 27
    1 - 3pm

    5912 SW 31st St, Miami, FL 33155

    $1,095,000

    • 4 Beds
    • 2 Baths
    • 1,608 Sq Ft
    • 5912 SW 31st St
    • New 16 days ago

    Welcome to your slice of heaven in Schenley Park! Just 2 blocks away from Coral Gables, this tastefully renovated 4 bed /2 bath is move in ready in one of the best locations in Miami! This home is situated on an oversized 8,385 sqft lot, with 1,608 sqft of living space. Wonderful floor plan with 3 large bedrooms, office space/den, spacious entertaining spaces, beautifully appointed bathrooms,

    Jonathan Vega One Sotheby's International Realty

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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 Richard Corrales, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
19,947
Median Age
47
Population Density
12 ppl/acre
Population under 18
19%
On par with the national average
23.8%
Population over 65
23.6%
On par with the national average
19.1%

Finances

Median Household Income
$68,370
On par with the national average
$71,702
Average Household Income
$95,462

Education and Workforce

High School Graduates
84.4%
On par with the national average
89.1%
College Graduates
29.4%
On par with the national average
34.1%
Advanced Degrees
8.8%
% Population in Labor Force
63.1%

Weather

Annual Precipitation
68''
Average Winter Low Temperature
62°F
Average Summer High Temperature
91°F
Annual Snowfall
0''

Area Factors

Bikeable

Bike Score®

51 / 100

Very Walkable

Walk Score®

70 / 100

Some Transit

Transit Score®

38 / 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 Terrace
Richard Corrales
Silverleaf Realty Group
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