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

$1,902,367

AVERAGE PRICE OF 778 HOMES

$491,118

AVERAGE PRICE OF 16 DISTRESSED HOMES

$3,354,002

AVERAGE PRICE OF 376 MULTI-MILLION DOLLAR HOMES

$2,738,083

AVERAGE PRICE OF 87 NEWLY BUILT HOMES

$3,339,645

AVERAGE PRICE OF 213 HOMES WITH A POOL

$1,919,580

AVERAGE PRICE OF 279 REDUCED PRICE HOMES

Average Home

Average Price $1,902,367
Avg Bedrooms 3 beds
Avg Bathrooms 3.48 baths

Average Price by Bedrooms

1 bedroom $269,058
2 bedrooms $546,364
3 bedrooms $1,086,160
4 bedrooms $1,642,013
5 bedrooms $3,412,470
Coral Gables Home Price Trends
  12/2017 11/2017 10/2017 9/2017 8/2017
Total Listings 775 791 788 814 759
Average Price $1,960,901 $1,887,822 $1,873,758 $1,869,879 $1,858,931
Avg Price Change +3.87% +0.75% +0.21% +0.59% +6.05%
Median Price $993,713 $967,933 $959,094 $948,557 $968,550
Med Price Change +2.66% +0.92% +1.11% -2.11% +0.77%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 3.5 baths 3.46 baths 3.49 baths 3.51 baths 3.48 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Market
Coral Gables 132 $1,953,608 n/a
Coral Glades High 42 $1,838,374 n/a
Miami Palmetto 36 $1,926,245 n/a
New World School Of Art 1 $2,950,000 n/a
Young Mans Prep Academy 1 $1,599,000 n/a
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 778 $1,902,367 n/a
Distressed Homes 16 $491,118 n/a
Multi-Million Dollar Homes 376 $3,354,002 n/a
Newly Built Homes 87 $2,738,083 n/a
Homes with a Pool 213 $3,339,645 n/a
Reduced Price Homes 279 $1,919,580 n/a

School Data

Highly Rated Coral Gables Schools

8

COCONUT GROVE ELEMENTARY SCHOOL
Elementary School
Public

8

CORAL TERRACE ELEMENTARY SCHOOL
Elementary School
Public

8

DAVID FAIRCHILD ELEMENTARY SCHOOL
Elementary School
Public

8

HOWARD DRIVE ELEMENTARY SCHOOL
Elementary School
Public

10

PALMETTO ELEMENTARY SCHOOL
Elementary School
Public

10

SUNSET ELEMENTARY SCHOOL
Elementary School
Public

9
8

PALMETTO MIDDLE SCHOOL
Middle School
Public

10

SOUTH MIAMI MIDDLE SCHOOL
Middle School
Public

9

COOPER CITY HIGH SCHOOL
High School
Public

10

NEW WORLD SCHOOL OF THE ARTS
High School
Public