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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

$2,196,250

AVERAGE PRICE OF 873 HOMES

$513,989

AVERAGE PRICE OF 20 DISTRESSED HOMES

$3,847,844

AVERAGE PRICE OF 437 MULTI-MILLION DOLLAR HOMES

$3,341,852

AVERAGE PRICE OF 91 NEWLY BUILT HOMES

$3,949,043

AVERAGE PRICE OF 252 HOMES WITH A POOL

$1,556,391

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $2,196,250
Avg Bedrooms 3.05 beds
Avg Bathrooms 3.16 baths

Average Price by Bedrooms

1 bedroom $275,095
2 bedrooms $548,127
3 bedrooms $1,074,301
4 bedrooms $1,767,147
5 bedrooms $3,197,476
Coral Gables Home Price Trends
  12/2018 11/2018 10/2018 9/2018 8/2018
Total Listings 892 877 862 834 845
Average Price $2,209,943 $2,167,309 $2,144,775 $2,115,897 $2,063,197
Avg Price Change +1.97% +1.05% +1.36% +2.55% +1.90%
Median Price $1,000,747 $1,039,816 $997,607 $990,413 $1,005,837
Med Price Change -3.90% +4.23% +0.73% -1.56% +1.49%
Avg Bedrooms 3.06 beds 3.06 beds 3.05 beds 3.02 beds 3.02 beds
Avg Bathrooms 3.18 baths 3.18 baths 3.19 baths 3.17 baths 3.17 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Coral Gables 163 $2,496,103 139 days
Coral Glades High 33 $1,780,615 163 days
Miami Palmetto 36 $1,997,504 170 days
Palm Beach Central 1 $598,000 130 days
South Miami 1 $380,000 35 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 873 $2,196,250 159 days
Distressed Homes 20 $513,989 179 days
Multi-Million Dollar Homes 437 $3,847,844 185 days
Newly Built Homes 91 $3,341,852 221 days
Homes with a Pool 252 $3,949,043 161 days
Reduced Price Homes 23 $1,556,391 154 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
Renny Plus Seve Real Estate Experts Team, at Worldwide Select Group Inc
Renny Plus Seve Real Estate Experts Team
12595 SW 137th Ave, Suite 110
Miami, FL 33186
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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