Coral Terrace | Flagami, Miami — A Cheat Sheet for Buyers, Visitors, & the Curious

LIVING IN CORAL TERRACE | FLAGAMI

What is the average home price in Coral Terrace and Flagami? 

The average home price typically ranges between $550,000 and $750,000, depending on size, condition, and proximity to Coral Way or Flagler Street.

Fully updated homes with impact windows and modern interiors can exceed $800,000, while original-condition properties may trade in the high $400,000s to low $500,000s. 

This positions the area well below Coral Gables pricing while preserving central access.

What is the typical price range for homes in Coral Terrace and Flagami? 

Most single-family homes fall between $500,000 and $850,000.

Two-bedroom homes ranging from approximately 1,100 to 1,400 square feet anchor the lower tier.

Renovated three- to four-bedroom properties occupy the middle and upper segments.

Duplexes and small multifamily properties may command higher pricing depending on rental performance.

How do Coral Terrace and Flagami prices compare to Coral Gables and Westchester? 

Homes in Coral Terrace and Flagami are generally 40–60 percent less expensive than comparable Coral Gables properties, where entry-level single-family homes commonly begin near $1.4 million.

Compared to Westchester, pricing is often competitive, though pockets closer to the airport or expressways may reflect modest location-driven premiums.

Residents do not pay Coral Gables municipal millage rates.

Are there condos, duplexes, or mostly single-family homes in Coral Terrace and Flagami?  

The area is primarily composed of single-family detached homes, but Flagami contains a higher density of duplexes and small multifamily lots than many surrounding neighborhoods.

Low-rise condominium buildings also appear along major commercial corridors. 

This mixed housing pattern attracts both homeowners and small-scale investors.

Is Coral Terrace | Flagami a good place to live?

For buyers prioritizing accessibility and value, yes.

The neighborhood sits within minutes of Miami International Airport, Coral Gables, West Miami, and major highways. 

While it does not offer preservation-district aesthetics, it provides strong logistical convenience for airport employees, healthcare workers, multigenerational households, and first-time buyers.

Is Coral Terrace | Flagami considered safe? 

Like most urban Miami neighborhoods, safety varies from block to block.

Interior residential streets generally experience fewer incidents than high-traffic commercial corridors. 

Overall, the area is considered stable relative to other mid-priced central Miami zones.

Is airplane noise an issue in Flagami? 

Yes, and this is one of the most common questions from buyers.

Due to its proximity to Miami International Airport, areas closer to SW 57th Avenue and the western sections of Flagami may experience noticeable overhead flights. 

Noise intensity varies by runway usage and specific location, but buyers should expect intermittent aircraft presence.

Are Coral Terrace and Flagami in a flood zone? 

Much of Coral Terrace and Flagami falls within FEMA Flood Zone X, indicating minimal flood risk. 

Some individual parcels may fall within Zone AE depending on elevation.

Neighborhood elevations typically range between approximately 8 and 10 feet above sea level. 

Flood designation should always be verified by property address.

What are typical flood insurance costs? 

Properties in Zone X may carry optional flood insurance ranging from $600 to $1,200 annually.

Zone AE properties may see premiums between $2,000 to $4,500 annually, depending on elevation, coverage amount, and FEMA Risk Rating 2.0 criteria.

Is Coral Terrace | Flagami in a hurricane evacuation zone?  

Most of Coral Terrace and Flagami fall outside the primary evacuation zones for coastal storm surge because of their inland locations. 

However, evacuation orders are issued by Miami-Dade County based on storm strength and individual flood risk classifications, so residents should verify their specific address through the county’s emergency management resources during hurricane season.

What are the average homeowners' insurance costs? 

Homeowners insurance premiums typically range between $5,500 and $11,000 annually.

Roof age, wind mitigation features, impact protection, and coverage level influence the costs.

As much of the housing stock dates to the late 1940s through the 1960s, roof condition significantly affects pricing.

How long do homes in Coral Terrace and Flagami stay on the market? 

Homes in Coral Terrace and Flagami generally remain active approximately 25 to 60 days, depending on pricing and condition. 

Meanwhile, duplex and income-producing properties may move more quickly due to steady investor demand.

What are property taxes like in Coral Terrace and Flagami? 

On a $650,000 home, annual property taxes may range from approximately $10,000 to $14,000, depending on homestead exemptions and assessed value.

Property taxes are governed by Miami-Dade County and applicable local jurisdictions.

Are there HOA fees in Coral Terrace and Flagami? 

Most properties in Coral Terrace and Flagami are not part of mandatory homeowner associations.

There are no master-planned community dues typical of newer suburban developments.

What public schools serve Coral Terrace and Flagami?

Miami-Dade County Public Schools serve Coral Terrace and Flagami.

Commonly zoned schools may include Sylvania Heights Elementary, Flagami Elementary School, West Miami Middle School, and South Miami Senior High School, though exact assignments depend on property address.

Families should confirm school zoning through the official Miami-Dade County Public Schools boundary tool before purchasing.

You may also check Best Schools in Coral Terrace and Flagami for a comprehensive list of private and public school options.

Are there private schools near Coral Terrace & Flagami? 

Yes. Within 10 to 20 minutes, families can access private schools in Coral Gables, West Miami, and surrounding communities offering PK through 12th-grade education.

Is Coral Terrace | Flagami good for families? 

Yes, particularly for families who prioritize location and accessibility.

Sidewalk coverage, smaller residential blocks, and proximity to parks make these neighborhoods practical for households seeking central Miami access without higher municipal tax exposure.

Is this a good area for rental income?  

Yes, primarily for long-term leases.

Proximity to Miami International Airport, healthcare facilities, and Coral Gables employment centers supports steady tenant demand. 

Updated three-bedroom homes typically rent for $3,000 to $4,000 per month, while typically rent between $1,800 and $2,800 per unit. 

Gross rental yields often fall between approximately 5 and 7 percent, depending on acquisition price and improvements.

Is Airbnb allowed in Coral Terrace and Flagami? 

Short-term rentals are subject to City of Miami and Miami-Dade County regulations. 

Not all residential zones permit unrestricted short-term rental activity, so investors should verify zoning classification before purchasing based on projected Airbnb income.

Can you add an ADU or efficiency unit in Coral Terrace and Flagami? 

Certain zoning classifications may allow accessory units or legally permitted efficiencies, subject to lot size, parking requirements, and city review. 

Buyers should confirm zoning regulations before relying on additional rental projections.

VISITING CORAL TERRACE | FLAGAMI

Where are Coral Terrace and Flagami located? 

Coral Terrace and Flagami sit west of Coral Gables and east of Miami International Airport, forming part of central Miami’s western residential corridor.

What are Coral Terrace's and Flagami's boundaries? 

Coral Terrace typically spans Coral Way between approximately SW 37th Avenue and SW 57th Avenue. 

Flagami extends north toward Flagler Street and west toward airport-adjacent corridors. 

However, exact boundary interpretations vary slightly depending on the mapping authority.

What major roads provide access? 

Primary corridors include Coral Way (SW 22nd Street), Flagler Street, SW 57th Avenue (Red Road), and the Palmetto Expressway (SR 826), providing strong east–west and north–south connectivity.

How close is Coral Terrace | Flagami to Miami International Airport?  

Miami International Airport is approximately 5 to 10 minutes by car, making Coral Terrace and Flagami among the closest established residential areas to the airport.

How long is the commute to Brickell and Downtown? 

Non-peak commute times from Coral Terrace and Flagami to Brickell and Downtown average 15 to 20 minutes. 

During rush hour, travel times typically range from 25 to 40 minutes, depending on congestion patterns.

What parks are nearby? 

Nearby recreational areas include A.D. “Doug” Barnes Park, the West Miami Recreation Center, and Coral Villas Park.

These parks provide green space, open fields, and community gathering areas within a short drive.

Meanwhile, dog owners can check out Dog-Friendly Parks in Coral Terrace and Flagami.

UNDERSTANDING CORAL TERRACE | FLAGAMI

What is the difference between Coral Terrace and Flagami? 

Coral Terrace is positioned slightly south and closer to Coral Gables, while Flagami extends north toward Flagler Street and closer to airport-adjacent zones. 

Flagami generally contains a higher concentration of duplex inventory.

When were Coral Terrace and Flagami developed? 

Most homes in Coral Terrace and Flagami were built between the late 1940s and 1960s, during Miami’s post-war expansion era.

What are typical lot sizes in Coral Terrace and Flagami? 

Most residential lots range between approximately 5,000 and 7,500 square feet, consistent with mid-century subdivision patterns common throughout central Miami.

Is Coral Terrace the same as West Miami?

No. West Miami is an incorporated municipality, while Coral Terrace is a census-designated area within unincorporated Miami-Dade County.

They are frequently grouped due to proximity and similar housing stock.

Why are Coral Terrace and Flagami often grouped? 

They share similar housing styles, price tiers, investment appeal, airport proximity, and central access advantages. 

Real estate platforms and searchers commonly treat them as one practical residential corridor.

Who typically lives in Coral Terrace and Flagami? 

Residents include first-time buyers, multigenerational households, airport and healthcare employees, long-term Miami residents, and small-scale real estate investors seeking a central location and moderate pricing.