Coral Bay Terrace

Overview

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Coral Bay Terrace offers independent living options for residents over 62 years old in the heart of Cutler Bay, Florida. This beautiful community is designed to cater to the needs of its senior residents, providing a safe, comfortable, and engaging living environment. The area is surrounded by well-lit, tree-lined streets, and residents have convenient access to nearby grocery stores, making day-to-day living both easy and enjoyable.

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The professional leasing team at Coral Bay Terrace is dedicated to ensuring that residents have everything they need to feel at home. With 154 self-contained efficiency apartments, this community allows for a sense of independence while also offering opportunities for social engagement and community activities. The emphasis on creating a welcoming and supportive environment makes it an ideal place for seniors looking to maintain an active lifestyle while having access to necessary amenities and services.

Residents of Coral Bay Terrace can enjoy a wide range of facilities designed to enhance their quality of life. From the moment you step into this community, it’s clear that every detail has been considered to provide a fulfilling and independent senior living experience.

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Amenities and Features

Independent living for residents over 62 years old
154 self-contained efficiency apartments
Well-lit, tree-lined streets
Grocery stores nearby
Professional leasing team available
Opportunities for social engagement and community activities
Safe, comfortable, and engaging living environment

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Coral Bay Terrace Location

Address: 8160 Sw 210th St, Cutler Bay, FL 33189

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About Cutler Bay, Florida

Cutler Bay, a city located in the state of Florida (FL), is home to a population of approximately 44,738 people. Cutler Bay boasts a median age of 40.9, with around 20.8% of its residents aged 60 or above. 3.4% of the population identifies as US Veterans. 11% of Cutler Bay residents are disabled. The city has an average household income of $78,569, while the unemployment rate stands at 4.4%, and around 10.4% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Cutler Bay is $379,069, with a monthly rent averaging $1,806.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.