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Coral Gables

Why you'd want to live in Coral Gables

Coral Gables was one of the first planned communities, and prefigured the development of the gated community and the homeowners association. It is infamous for its strict zoning regulations. The city was developed by George Merrick during the Florida land boom of the 1920s. The city's architecture is almost entirely Mediterranean Revival style, including the Coral Gables Congregational Church, donated by Merrick. The domed, Catholic Church of the Little Flower was built somewhat later, in a similar Spanish Renaissance style. By 1926, the city covered 10,000 acres (4,000 ha) and had netted $150 million in sales, with over $100 million spent on development. A section of historic Coral Gables Rapid Transit track on Segovia Avenue. Merrick meticulously designed the downtown commercial district to be only four blocks wide and more than two miles (3 km) long. Merrick could boast that every business in Coral Gables was less than a two-block walk. The city used to have an electric trolley system, which was replaced by the popularity of modern automobiles, but now a new free circulator trolley system, initiated in November 2003, runs down Ponce de León Boulevard. In 1925, roughly simultaneous to the founding of Coral Gables, the city was selected as the home to the University of Miami, which was constructed that year on 240 acres. During World War II many Navy pilots and mechanics were trained and housed in Coral Gables.

Coral Gables Market Report

$2,878,401

AVERAGE PRICE OF 445 HOMES

$682,333

AVERAGE PRICE OF 3 DISTRESSED HOMES

$4,603,719

AVERAGE PRICE OF 258 MULTI-MILLION DOLLAR HOMES

$5,726,807

AVERAGE PRICE OF 57 NEWLY BUILT HOMES

$5,669,573

AVERAGE PRICE OF 149 HOMES WITH A POOL

$2,138,545

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $2,878,401
Avg Bedrooms 2.91 beds
Avg Bathrooms 3.13 baths

Average Price by Bedrooms

1 bedroom $305,340
2 bedrooms $624,478
3 bedrooms $1,325,419
4 bedrooms $2,155,263
5 bedrooms $3,752,333
Coral Gables Home Price Trends
  9/2021 8/2021 7/2021 6/2021 5/2021
Total Listings 470 500 551 611 643
Average Price $2,937,746 $3,016,640 $2,905,472 $2,706,381 $2,640,553
Avg Price Change -2.69% +3.83% +7.36% +2.49% +5.29%
Median Price $1,251,033 $1,235,726 $1,202,567 $1,197,759 $1,196,881
Med Price Change +1.24% +2.76% +0.40% +0.07% -0.04%
Avg Bedrooms 2.91 beds 2.92 beds 2.94 beds 3 beds 3.03 beds
Avg Bathrooms 3.09 baths 3.13 baths 3.12 baths 3.18 baths 3.19 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Centennial 1 $980,000 51 days
Coral Gables 92 $2,385,154 77 days
Coral Glades High 18 $977,833 99 days
Miami Palmetto 15 $2,788,267 125 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 445 $2,878,401 115 days
Distressed Homes 3 $682,333 75 days
Multi-Million Dollar Homes 258 $4,603,719 129 days
Newly Built Homes 57 $5,726,807 202 days
Homes with a Pool 149 $5,669,573 124 days
Reduced Price Homes 9 $2,138,545 72 days
Renny Plus Seve Real Estate Experts Team, at Worldwide Select Group Inc
Renny Plus Seve Real Estate Experts Team
13818 SW 162nd St. #356
Miami, FL 33177
305-378-9900

The multiple listing information is provided by MIAMI Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listingare © 2018 MIAMI Association of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
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