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Coral Bay

Coral Bay

Suburban Neighborhood in Margate, Florida

Broward County 33063
$507,669 Average Value
$324 Average Price per Sq Ft
11 Homes For Sale

Coral Bay offers waterfront living close to the highway

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 is unique because it’s “in the middle of Coral Springs, Parkland and Margate,” says real estate broker Sheng Kim with Full Service 3% Realty. “It's a great central location for parks, attractions and highway access.”

Coral Bay Lake borders residential communities.
Coral Bay Lake borders residential communities.
Coral Bay has many shops within it borders on Atlantic Blvd.
Coral Bay has many shops within it borders on Atlantic Blvd.
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Spanish-style homes and manufactured homes with lake and river views

“Coral Bay draws working families with its clubhouses, activities and low HOA fees,” Kim says. 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.

Gated communities come with Mediterranean homes.
Gated communities come with Mediterranean homes.
A typical modular home in Coral Bay, Margate.
A typical modular home in Coral Bay, Margate.
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Public, private and charter school options with magnet programs

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.

Margate Elementary School serves students in grades PK-5th in North Margate.
Margate Elementary School serves students in grades PK-5th in North Margate.
Coral Springs High School prepares students for the future.
Coral Springs High School prepares students for the future.
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Parks and resort-style amenities help Coral Bay residents stay active

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.

Coral Bay's own You Fit gym gives residents a place to work on their fitness.
Coral Bay's own You Fit gym gives residents a place to work on their fitness.
Canals border the Coral Bay Enclave.
Canals border the Coral Bay Enclave.
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Grocery stores, local markets and restaurants off North State Road 7

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 Bonefish Mac Sports Grille is a great place to eat and watch the game.
Coral Bay Bonefish Mac Sports Grille is a great place to eat and watch the game.
Suvlaki Skewers from
Suvlaki Skewers from "It's all Greek to me" in Coral Bay.
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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

Parks in this Area

Transit

Airport

Fort Lauderdale/Hollywood International

35 min drive

Bus

Us 441 & Colonial Drive

Bus

Turtle Creek Drive & South Bay Drive

Bus

Northwest 31st Street - (Coral Bay Drive) & Us 441

Reviews

Are you familiar with the Coral Bay neighborhood? to let others know what life in this neighborhood is like.

Crime and Safety

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

Source: WhatIsMyCrimeRisk.com

Neighborhood Facts

Number of Homes
1,063
Number of Homes for Sale
11
Median Year Built
1993
Months of Supply
2.80
Average Single Family Home Size Sq Ft
1,648
Below the national average
1,933
Average Townhouse Size Sq Ft
1,142
Median Lot Size Sq Ft
3,920

Open Houses

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Rental Home Trends

Number of Homes for Rent
9
Median Rent
$3,200
Median Single Family Home Rent
$3,198
Median 4 Bedroom Single Family Home Rent
$4,300

Demographics

Total Population
5,080
Median Age
44
Population Density
9 ppl/acre
Population under 18
20.6%
On par with the national average
23.8%
Population over 65
20.8%
On par with the national average
19.1%

Finances

Median Household Income
$70,291
Below the national average
$79,597
Average Household Income
$106,408

Education and Workforce

High School Graduates
92.1%
On par with the national average
89%
College Graduates
34.5%
Advanced Degrees
13.1%
% Population in Labor Force
70.1%
Above the national average
64.9%

Weather

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

Area Factors

Fairly bikeable

Bikeability®

40 / 100

Fairly walkable

Walkability®

50 / 100

Minimal public transit

Transit®

10 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Nearby Neighborhoods

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
Alan Alcala
STX Realty LLC
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