Coral Terrace Multifamily Homes & Duplexes for Sale
About Coral Terrace
Coral Terrace in Miami is a well-established neighborhood known for its long-term residents and family-friendly atmosphere. The area features a mix of Spanish revival and ranch-style homes, typically with three bedrooms and around 1,500 square feet of living space. Many homes have been well-maintained or upgraded, with some properties available for those willing to undertake renovations. The neighborhood is conveniently located near the Palmetto Expressway and just a few blocks from Coral Gables, making it easy to access various amenities and destinations. Families have access to highly rated schools, including Flagami Elementary. A.D. “Doug” Barnes Park is a notable local feature, offering 65 acres of green space with amenities such as a lake for fishing, walking trails, and an outdoor exercise gym. The park also includes a unique Pine Rockland area and special activities for persons with disabilities. Nearby, Brothers to the Rescue Park provides baseball facilities and commemorates the efforts of Cuban pilots. For shopping and dining, Gables West Plaza offers a range of services, including health care, retail stores, and restaurants like El Rinconcito, known for its Cuban cuisine. Disco Fish on Southwest 67th Avenue is another popular spot, serving fresh seafood in a casual setting. The historic Biltmore Hotel in Coral Gables, less than 3 miles away, adds a touch of history and luxury with its championship golf course and large pool. Coral Terrace's central location allows for easy commutes to downtown Miami, South Miami, and Coral Gables, making it a practical choice for those seeking convenience and community.
Home Trends in Coral Terrace, FL
On average, homes in Coral Terrace, Miami sell after 73 days on the market compared to the national average of 47 days. The average sale price for homes in Coral Terrace, Miami over the last 12 months is $840,564, up 14% from the average home sale price over the previous 12 months.
Home Trends
In Coral Terrace, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $749,000 to $1,399,999, there's something for every budget. As of April, 2025 the median home price in Coral Terrace, Miami is $799,000, while the average sale price is $840,564, providing insight into local market trends. On average, multi-family homes spend 73 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Coral Terrace, Miami.
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