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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

$2,121,653

AVERAGE PRICE OF 958 HOMES

$1,503,575

AVERAGE PRICE OF 16 DISTRESSED HOMES

$3,622,924

AVERAGE PRICE OF 490 MULTI-MILLION DOLLAR HOMES

$3,361,785

AVERAGE PRICE OF 97 NEWLY BUILT HOMES

$3,573,052

AVERAGE PRICE OF 306 HOMES WITH A POOL

$1,695,832

AVERAGE PRICE OF 31 REDUCED PRICE HOMES

Average Home

Average Price $2,121,653
Avg Bedrooms 3.1 beds
Avg Bathrooms 3.19 baths

Average Price by Bedrooms

1 bedroom $307,663
2 bedrooms $495,321
3 bedrooms $1,033,595
4 bedrooms $1,761,007
5 bedrooms $3,018,316
Coral Gables Home Price Trends
  4/2019 3/2019 2/2019 1/2019 12/2018
Total Listings 946 913 891 860 892
Average Price $2,133,202 $2,238,880 $2,265,371 $2,207,906 $2,209,943
Avg Price Change -4.95% -1.18% +2.60% -0.09% +1.97%
Median Price $1,013,101 $1,077,787 $1,074,688 $1,006,798 $1,000,747
Med Price Change -6.38% +0.29% +6.74% +0.60% -3.90%
Avg Bedrooms 3.06 beds 3.08 beds 3.06 beds 3.05 beds 3.06 beds
Avg Bathrooms 3.16 baths 3.2 baths 3.18 baths 3.17 baths 3.18 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Coral Gables 232 $2,487,769 121 days
Coral Glades High 41 $1,247,561 148 days
Miami Palmetto 39 $1,989,920 166 days
Miami Sunset 1 $325,000 37 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 958 $2,121,653 151 days
Distressed Homes 16 $1,503,575 185 days
Multi-Million Dollar Homes 490 $3,622,924 171 days
Newly Built Homes 97 $3,361,785 164 days
Homes with a Pool 306 $3,573,052 145 days
Reduced Price Homes 31 $1,695,832 107 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

AIR BASE ELEMENTARY SCHOOL
Middle School
Public

9
9

HENRY S. WEST LABORATORY SCHOOL
Middle School
Public

8

PALMETTO MIDDLE SCHOOL
Middle School
Public

Renny Plus Seve Real Estate Experts Team, at Worldwide Select Group Inc
Renny Plus Seve Real Estate Experts Team
12970 SW 187th St
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.