Coral Reef Estates Homes for Sale in Palmetto Bay

Know Coral Reef Estates before you buy there: what homes sell for, what they cost to own and how to make the right offer.

Ranch homes and canal lots in north central Palmetto Bay. Every home currently for sale in Coral Reef Estates, Palmetto Bay, straight from BeachesMLS and updated throughout the day.

Coral Reef Estates is a series of plats in north central Palmetto Bay, recorded as Coral Reef Estates and its numbered additions, on streets around SW 156th to SW 162nd Streets near SW 87th to SW 89th Avenues. The houses are single story homes built around 1970, with three and four bedrooms on lots from under a fifth of an acre to more than a third, and the additions along the canal put water behind some of them. Many have been remodeled with open kitchens, impact windows and new air conditioning. Coral Reef Elementary and Coral Reef Park share the name and are a short drive away. Ask whether the canal behind a lot connects to Biscayne Bay before you pay extra for it.

Coral Reef Estates Market at a Glance

Updated October 30, 2026 from BeachesMLS: homes and condos in Coral Reef Estates, Palmetto Bay.

Active listings4
Median list price$1,112,000
Median list price per sq ft$507/sq ft
Average days on market25 days
Sold in the last 180 days9
Median sold price (180 days)$950,000
Median sold price per sq ft$558/sq ft
Average days to sell62 days
Sale price as % of list price95.5%
Months of inventory2.7 months
Median sold price vs. a year ago-13.6%

Source: BeachesMLS, listings whose subdivision or remarks name Coral Reef Estates. Sold figures cover closings in the last 180 days, compared with the same 180 days one year earlier. Not an appraisal.

4 listings, newest first.

The 4 listings on this page run from $799,000 to $1,199,000, with a median of $1,112,000, about $507 per square foot, and they have been listed a median of 24 days.

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