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Coral Bay

Coral Bay

Suburban Neighborhood in Margate, Florida

Broward County 33063
$511,466 Average Value
$321 Average Price per Sq Ft
17 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 Melissa Carbonell, 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

Coral Bay Demographics and Home Trends

Housing Trends

Median List Price
$517,000
Median Sale Price
$485,000
Median Single Family Sale Price
$498,998
Median Change From 1st List Price
4%
Last 12 months Home Sales
34
Median Home Sale Price YoY Change
-2%
Average Price Per Sq Ft
$321

Neighborhood Facts

Number of Homes in Neighborhood
985
Number of Homes for Sale
17
Median Year Built
1993
Months of Supply
6.00
Average Single Family Home Size Sq Ft
1,566
Below the national average
1,924
Average Townhouse Size Sq Ft
1,142
Median Lot Size Sq Ft
3,920

Open Houses

  • Sunday, Aug 31
    12 - 3pm

    6440 Fern St, Margate, FL 33063

    $484,900

    • 3 Beds
    • 2.5 Baths
    • 1,500 Sq Ft
    • 6440 Fern St
    • New 13 days ago

    Welcome to one of the largest lots in The Cape at Coral Bay! This single-family home features a rare oversized driveway for 4 cars, plus a 15x15 screened patio. The expansive backyard is a tropical retreat with banana and mango trees, coconut palms perfect for a hammock and beautiful Christmas & fishtail palms that add charm and character. There’s plenty of room for entertaining, a future pool or

    Gonzalo Realtor Vargas Parrot Realty LLC

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  • Sunday, Aug 31
    2 - 4pm

    6458 Buena Vista Dr Unit 38, Margate, FL 33063

    $725,000

    • 5 Beds
    • 2.5 Baths
    • 2,334 Sq Ft
    • 6458 Buena Vista Dr
    • Unit 38

    Discover this stunning 5-bedroom, 2.5-bath home in the gated community of Coral Bay! This beautiful residence features 100% impact windows and doors, a beautifully upgraded kitchen, and new flooring throughout. Experience serene wide lake views from your private, screen-enclosed pool. Coral Bay offers an abundance of amenities including (3) community pools, (3) private community parks, and boat

    Gregory Mullen True Floridian Realty

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  • Sunday, Aug 31
    12:30 - 2:30pm

    3083 W Buena Vista Dr, Margate, FL 33063

    $497,000

    • 3 Beds
    • 2.5 Baths
    • 1,344 Sq Ft
    • 3083 W Buena Vista Dr

    Discover your own slice of paradise in the heart of of Islamorada at Coral Bay. This charming two-story home offers 3 bedrooms, 2.5 bathrooms, and a thoughtfully designed layout perfect for comfort and relaxation.On floor one we have a spacious living and dining area, a well-appointed kitchen, and a convenient half bath. Upstairs, you'll find three serene bedrooms and two full bathrooms,

    Zalman Abramchik United Realty Group Inc

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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 Melissa Carbonell, 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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Reviews

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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
Melissa Carbonell
Real Broker LLC
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