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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

$2,173,249

AVERAGE PRICE OF 876 HOMES

$506,959

AVERAGE PRICE OF 22 DISTRESSED HOMES

$3,753,399

AVERAGE PRICE OF 446 MULTI-MILLION DOLLAR HOMES

$3,476,269

AVERAGE PRICE OF 96 NEWLY BUILT HOMES

$3,611,938

AVERAGE PRICE OF 255 HOMES WITH A POOL

$1,601,739

AVERAGE PRICE OF 358 REDUCED PRICE HOMES

Average Home

Average Price $2,173,249
Avg Bedrooms 3.06 beds
Avg Bathrooms 3.18 baths

Average Price by Bedrooms

1 bedroom $278,197
2 bedrooms $544,195
3 bedrooms $1,072,675
4 bedrooms $1,814,496
5 bedrooms $3,035,383
Coral Gables Home Price Trends
  10/2018 9/2018 8/2018 7/2018 6/2018
Total Listings 862 834 845 850 906
Average Price $2,144,775 $2,115,897 $2,063,197 $2,024,822 $1,979,953
Avg Price Change +1.36% +2.55% +1.90% +2.27% +2.24%
Median Price $997,607 $990,413 $1,005,837 $991,090 $983,981
Med Price Change +0.73% -1.56% +1.49% +0.72% -0.92%
Avg Bedrooms 3.05 beds 3.02 beds 3.02 beds 3 beds 3.03 beds
Avg Bathrooms 3.19 baths 3.17 baths 3.17 baths 3.15 baths 3.13 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Coral Gables 182 $2,339,492 125 days
Coral Glades High 34 $1,752,791 157 days
Miami Palmetto 43 $2,040,556 173 days
Palm Beach Central 1 $598,000 65 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 876 $2,173,249 147 days
Distressed Homes 22 $506,959 150 days
Multi-Million Dollar Homes 446 $3,753,399 161 days
Newly Built Homes 96 $3,476,269 220 days
Homes with a Pool 255 $3,611,938 137 days
Reduced Price Homes 358 $1,601,739 182 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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