Rent to Own Homes near Coral Terrace, FL

  • In the heart of the greater Miami area, Coral Terrace is one of the city's more established neighborhoods. Just 3.4 square miles, this urban residential neighborhood is densely populated with over 25,000 people calling it home. Its close proximity to shopping, recreation, the Miami International Airport and major roadways makes Coral Terrace one of the most desirable places to live in South Florida.

Check out Coral Terrace, FL homes for sale that may include: rent to own, foreclosure, HUD, for sale by owner and more

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Top 4 Reasons to Live in Coral Terrace, FL

  • Increased home value! After a slight dip, home appreciation soared by 16.5% in the last year. Demand and location make house buying here a sound real estate investment. The area is full of modest medium-sized, single-story houses with mature trees providing ample shade from the hot Florida sun. In the southwest quadrant of Coral Terrace, the Coral Gables canal cuts across the neighborhood, providing many homes along S. Waterway Drive with private waterfront views. With the majority of properties dating back to the 1940s, buyers will find charming post-war bungalows and cozy Spanish villas.
  • Prime location! Although Coral Terrace is predominantly residential, there are countless casual dining options within walking distance, and all the major amenities are just a short drive away. Bird Road is lined with fast food restaurants, and Bird Ludlam Shopping Center is a large shopping complex for picking up necessities and groceries. Just to the north is La Fogata Mall of the Americas, where residents can stock up on home decor, furniture and electronics to outfit their new homes. Several bus lines run along some of the busier thoroughfares for stress-free commutes into downtown and beyond.
  • Stable housing market! As a mature neighborhood in the middle of a big city, Coral Terrace continues to weather the unpredictable housing market. Unsurprisingly, prices for homeowners and renters are slightly higher in this area, while the vacancy rate of 9.7% is average for the area. Renters may have better luck finding vacant rent to own homes along S. Red Road in the summer months, while the nearby University of Miami is out of session.
  • An assortment of activities! Art collectors will appreciate the nearby Bird Road Art District, former warehouses now home to art galleries, studios, boutiques and antique shops. BRAD hosts a variety of cultural events, including a free monthly Gallery Night and local art festivals. Nature lovers can find tranquility and hiking trails in the neighborhood's A.D. (Doug) Barnes Park. This 65-acre park provide campgrounds, environmental programs and recreation options for all ages.