Coral Lakes May 2019 Market Report
For May 2019 there is only 1 home available for sale in Coral Lakes in Stuart FL. This home is listed for $599,999 which is equal to $131.29 per sq. ft. of living area.
There is also 1 home currently under contract in Coral Lakes. This home was listed for $465,000 or $186.82 per sq. ft. of living area and was on the market for 64 days before going under contract.
8 homes have sold in the past 12 months in Coral Lakes. These homes sold for prices ranging from $335,000 up to $445,000. This equals an average sales price of $388,000 which works out to $178.41 per sq. ft. of living area. These homes were on the market for an average of 113 days before going under contract and sold for 97% of the list price.
About Coral Lakes in Stuart FL:
The gated Stuart FL community of Coral Lakes is off Willoughby Blvd between Pomeroy Street and Salerno Road. Communities like this are no longer being developed in most centrally located areas as all of the lots are a minimum of a ½ acre and a number are over an acre.
There are just under 100 home sites in Coral Lakes with the first homes built in 1980 and the most recently completed one was in 2005. Homes come in all sizes and shapes with different builders and range from just over 1,600 sq. ft. 2 bedrooms and 2 bathrooms homes up to over 4,500 sq. ft. homes with 5 bedrooms and 4 bathrooms and multi-car garages.
Other than a storage lot for boats, RV’s and trailers there are no additional amenities in Coral Lakes and the low HOA fee of $450 per year covers maintenance of the common areas, gates, and management (as of March 2019). Many homes have private pools in these spacious single family home sites as well as other much-desired amenities.
The location makes it easy for residents of Coral Lakes to commute via I-95 to parts north or south of Martin County and yet still be close to shopping, restaurants, medical facilities, beaches and waterways, and the other great attractions that make Stuart FL so popular among families.
Currently, children attend the Pinewood Elementary, Dr. David L. Andersen Middle, and Martin County High Schools.
Check here to see which Coral Lakes homes are available for sale.
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