A novel method for producing monodisperse, submicron-sized magnetic latex particles is described. The method provides coating of polymer particles with surface-modified magnetic particles during soap-free polymerization. Experiments were performed with styrene monomer, potassium persulfate initiator, Fe3O4 magnetic particles, and silane-coupling reagents of methacryloxypropyltrimethoxysilane (MPTMS) and methacryloxypropyldimethoxysilane (MPDMS). The morphology of the magnetic particles depended on the silane-coupling reagents. Use of the tri-functional coupling reagent MPTMS produced particles having a disk-like or concave-like shape, whereas use of the di-functional coupling reagent MPDMS produced spherical particles that had a coefficient of variation of 4.4%, which was much smaller than the standard criteria of monodispersity, 10%.