Dennis Cordero

Coral Gables

Why you'd want to live in Coral Gables

Coral Gables (/krleblz/), officially the City of Coral Gables, is a city in Miami-Dade County, Florida, United States, located in the southwest of Downtown Miami. According to United States Census Bureau estimates conducted in 2013, the city had a population of 49,631. Coral Gables is home to the University of Miami. Coral Gables was one of the first planned communities, and prefigured the development of the gated community and the homeowners association. It is famous for its strict zoning regulations.The city was developed by George Edgar Merrick during the Florida land boom of the 1920s. The city's architecture is almost entirely Mediterranean Revival style. By 1926, the city covered 10,000 acres (4,000ha) and had netted $150 million in sales, with over $100 million spent on development. Coral Gables is known for its sweeping, tree-lined streets and Mediterranean-style buildings, including the palatial 1920s Biltmore Hotel. Chic boutiques, home decor stores and jewelers line upscale Miracle Mile, also home to the Actors’ Playhouse at the Miracle Theatre, which stages musicals and comedy. The spring-fed Venetian Pool, with waterfalls, grottos and lush tropical foliage, makes for atmospheric lounging.

Coral Gables Market Report

$2,168,396

AVERAGE PRICE OF 856 HOMES

$539,343

AVERAGE PRICE OF 16 DISTRESSED HOMES

$3,792,314

AVERAGE PRICE OF 429 MULTI-MILLION DOLLAR HOMES

$3,356,518

AVERAGE PRICE OF 90 NEWLY BUILT HOMES

$3,590,373

AVERAGE PRICE OF 252 HOMES WITH A POOL

$1,534,370

AVERAGE PRICE OF 349 REDUCED PRICE HOMES

Average Home

Average Price $2,168,396
Avg Bedrooms 3.07 beds
Avg Bathrooms 3.2 baths

Average Price by Bedrooms

1 bedroom $284,400
2 bedrooms $532,785
3 bedrooms $1,087,246
4 bedrooms $1,767,561
5 bedrooms $2,988,778
Coral Gables Home Price Trends
  9/2018 8/2018 7/2018 6/2018 5/2018
Total Listings 834 845 850 906 913
Average Price $2,115,897 $2,063,197 $2,024,822 $1,979,953 $1,936,648
Avg Price Change +2.55% +1.90% +2.27% +2.24% n/a
Median Price $990,413 $1,005,837 $991,090 $983,981 $993,026
Med Price Change -1.56% +1.49% +0.72% -0.92% n/a
Avg Bedrooms 3.02 beds 3.02 beds 3 beds 3.03 beds 3.05 beds
Avg Bathrooms 3.17 baths 3.17 baths 3.15 baths 3.13 baths 3.14 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Coral Gables 181 $2,260,056 120 days
Coral Glades High 31 $1,684,352 155 days
Miami Palmetto 46 $2,021,541 160 days
Palm Beach Central 1 $598,000 37 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 856 $2,168,396 143 days
Distressed Homes 16 $539,343 136 days
Multi-Million Dollar Homes 429 $3,792,314 158 days
Newly Built Homes 90 $3,356,518 221 days
Homes with a Pool 252 $3,590,373 133 days
Reduced Price Homes 349 $1,534,370 177 days

School Data

Highly Rated Coral Gables Schools

8

COCONUT GROVE ELEMENTARY SCHOOL
Elementary School
Public

8

DAVID FAIRCHILD ELEMENTARY SCHOOL
Elementary School
Public

8

HOWARD DRIVE ELEMENTARY SCHOOL
Elementary School
Public

10

SUNSET ELEMENTARY SCHOOL
Elementary School
Public

9

SUNSET LAKES ELEMENTARY SCHOOL
Elementary School
Public

9
9

HENRY S. WEST LABORATORY SCHOOL
Middle School
Public

8

PALMETTO MIDDLE SCHOOL
Middle School
Public

8