To provide a coated heat-expandable microcapsule that maintains a high expansion ratio and can produce a foam-molded product where streaky flaws or white spot is less likely to occur; and to provide a method of producing the coated heat-expandable microcapsule.

A coated heat-expandable microcapsule comprises: a heat-expandable microcapsule formed such that a volatile inflating agent is included as a core agent in a shell consisting of a polymer; a silica that adheres to a surface of the shell; and a coating layer for coating the shell and the silica.