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Coral Terrace

Coral Terrace

Located in Miami/Dade County

$774,527 Average Value

Longtime residents enjoy Coral Terrace’s central location

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. “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.

Prices range from $400,000 fixer-uppers to $2.9 million new builds

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.

A traditional gable wing roof home nested in tropical foliage in Coral Terrace West.
A traditional gable wing roof home nested in tropical foliage in Coral Terrace West.
Hipped-roof ranch-style homes are common in Coral Terrace.
Hipped-roof ranch-style homes are common in Coral Terrace.
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Local schools include B-plus elementary and award-winning high school

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.

Flagami Elementary earns a B+ on Niche, serving Coral Terrace.
Flagami Elementary earns a B+ on Niche, serving Coral Terrace.
West Miami Middle School offers a variety magnet programs for its fellow students.
West Miami Middle School offers a variety magnet programs for its fellow students.
South Miami Senior High in South Miami, FL is a great school to enroll your child.
South Miami Senior High in South Miami, FL is a great school to enroll your child.
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Outdoor spaces mix nature, recreation and local heritage

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.

Cooper Park has an excellent playground fro children.
Cooper Park has an excellent playground fro children.
Enjoy a local baseball game at the Brothers To The Rescue Memorial Park.
Enjoy a local baseball game at the Brothers To The Rescue Memorial Park.
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Cuban and seafood restaurants are local favorites

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 minutes.

Enjoy fresh seafood and friendly and prompt service at Disco Fish & Grill.
Enjoy fresh seafood and friendly and prompt service at Disco Fish & Grill.
Gable West Plaza is filled with many
Gable West Plaza is filled with many "Mom-and-Pop" shops in Coral Terrace.
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Yanan Sun
Photography Contributed By
Yanan Sun
Bill Jennings
Video By
Bill Jennings

Interested in learning more about homes in this area? Reach out to Carlos A. Rojas, an experienced agent 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

Parks in this Area

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Coral Terrace Has More Owners

Demographics

Total Population
20,071
Median Age
47
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
$68,363
Below the national average
$79,601
Average Household Income
$95,363

Education and Workforce

High School Graduates
84.3%
On par with the national average
89%
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®®

72 / 100

Some Transit

Transit Score®®

38 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

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.
Coral Terrace