Coral Gables
Condos for Sale
YOUR ULTIMATE GUIDE TO CITY BEAUTIFUL CONDO LIVING
THE BASICS
Introduction to Coral Gables
Nicknamed "The City Beautiful," Coral Gables is renowned for its Mediterranean Revival architecture, lush tree-lined streets, and high quality of life. This charming enclave offers a unique blend of history, culture, and modern conveniences, making it a prime destination for homebuyers seeking luxury, sophistication, and investment opportunities in South Florida, with many waterfront properties and Coral Gables condos for sale.
QUICK FACTS
48,375
POPULATION
$103K
INCOME
39
AVG. AGE
16,947
HOUSES
2,841
CONDOS
THE EDUCATIONAL SCENE
Education in Coral Gables
Coral Gables Preparatory Academy: A top-rated public school offering a rigorous academic program from kindergarten to eighth grade, known for its high ratings due to its strong emphasis on foundational education and extracurricular opportunities.
Ponce de Leon Middle School: Renowned for its gifted program and innovative teaching methods, this public middle school prepares students for academic excellence.
Coral Gables Senior High School: A flagship public high school that offers Advanced Placement courses, a strong athletic program, and a variety of extracurricular clubs.
Gulliver Preparatory School: This private institution provides a world-class education from pre-kindergarten to high school, emphasizing innovation and global citizenship.
St. Philip’s Episcopal School: A highly regarded private school known for its nurturing environment and robust academic and arts programs.
Riviera Day School: Catering to preschool and elementary students, Riviera focuses on personalized education and small class sizes.
Epiphany Catholic School: A parochial school providing a faith-based curriculum alongside strong academics and community service initiatives.
Somerset Gables Academy: A public charter school offering a STEM-focused curriculum with small class sizes and individualized attention.
Carrollton School of the Sacred Heart: A private all-girls school dedicated to holistic education, from early childhood through high school.
University of Miami: Located in the heart of Coral Gables, this prestigious institution offers diverse undergraduate, graduate, and professional programs, as well as a vibrant campus life.
THE RECREATIONAL SCENE
Attractions in Coral Gables
Venetian Pool: This historic freshwater pool, surrounded by Mediterranean-style architecture and cascading waterfalls, is a favorite for relaxation and family outings.
Fairchild Tropical Botanic Garden: Known globally for its stunning tropical plant collections, Fairchild offers serene walking trails, educational programs, and seasonal events that attract nature enthusiasts.
Coral Gables Museum: The museum celebrates the city’s history, architecture, and art, hosting rotating exhibits and community workshops.
Actors' Playhouse: This premier performing arts venue presents Broadway-quality productions, bringing the magic of live theater to Coral Gables residents.
Giralda Plaza: A vibrant pedestrian promenade featuring al fresco dining, live music, and seasonal events, creating a lively atmosphere for locals and visitors.
THE DINING SCENE
Restaurants in Coral Gables
Cibo Wine Bar: A vibrant Italian restaurant offering handcrafted pastas, wood-fired pizzas, and an extensive wine selection in a modern, stylish setting.
Ortanique on the Mile: A fine dining destination specializing in Caribbean-inspired dishes crafted with fresh, local ingredients, served in a cozy, upscale environment.
Fiola: Known for its innovative Italian cuisine, Fiola blends traditional flavors with contemporary techniques in a sophisticated atmosphere.
Bulla Gastrobar: A popular spot for Spanish tapas, Bulla features a lively ambiance and a menu filled with authentic, shareable dishes.
Threefold Cafe: This local favorite is celebrated for its artisanal coffee, fresh baked goods, and hearty breakfast and brunch offerings.
Green Gables Cafe: An organic eatery emphasizing sustainable practices, serving fresh salads, sandwiches, and wholesome entrees.
Pascal’s on Ponce: A French fine dining establishment known for its elegant dishes, impeccable service, and romantic ambiance.
Hillstone: An American classic offering premium steaks, fresh seafood, and a chic yet relaxed dining experience.
Aromas del Peru: Bringing the flavors of Peru to Coral Gables, this restaurant is loved for its ceviche, lomo saltado, and other traditional dishes.
Seasons 52: A grill and wine bar offering a seasonal menu of health-conscious yet flavorful dishes, paired with an extensive selection of wines.
Condo Buying in Coral Gables
Who Should Buy
Young Professionals: The city’s proximity to Miami’s business districts and vibrant social scene makes it an attractive choice for ambitious professionals.
Families: Excellent schools, safe neighborhoods, and a variety of family-friendly amenities draw families seeking a balanced lifestyle.
Retirees: The relaxed pace, cultural offerings, and natural beauty of Coral Gables appeal to retirees looking for a fulfilling retirement.
Investors: Coral Gables’ thriving real estate market, with high ROI potential, stable growth, and abundant investment opportunities, makes it a smart choice for property investors.
THE MARKET BASICS
Coral Gables Real Estate Market Overview
Market Trends (YoY Data):
Price Changes: The median condo price in Coral Gables has increased by 8% YoY, showcasing the sustained demand for upscale living in the area. This growth, in comparison to other areas, is driven by the city’s desirable location, unique architecture, and high quality of life, which consistently attract buyers from across the globe.
Inventory Changes: Inventory has decreased by 12% YoY, signaling a highly competitive market where available units are quickly snapped up. Buyers need to act swiftly and strategically to secure their ideal condo.
Condos Sold: The number of condos sold has increased by 5% YoY, demonstrating buyer confidence in Coral Gables’ market stability and the enduring appeal of the area’s lifestyle and amenities.
Average Condo Prices
One-bedroom condos: These typically range from $400,000 to $600,000, offering compact, stylish living spaces perfect for young professionals or couples seeking a central location.
Two-bedroom condos: With prices between $700,000 and $1,000,000, these units provide the ideal balance of space and luxury for small families or those seeking additional room for home offices or guest accommodations.
Luxury condos (three bedrooms or more): Ranging from $1.2 million to over $4 million, these expansive residences cater to buyers looking for high-end features, breathtaking views, and exclusive amenities.
Key Market Insights
Coral Gables’ proximity to downtown Miami and its walkable neighborhoods make it highly desirable for professionals, families, and retirees. The city’s infrastructure, combined with its cultural and recreational offerings, ensures a well-rounded lifestyle.
A growing trend in boutique condo developments emphasizes privacy and exclusivity, catering to buyers who value intimate communities with personalized services.
Condo Buying in Coral Gables
Suggestions
Understand HOA Fees: Homeowners association fees can vary widely, covering everything from maintenance and security to amenities. Ensure you understand what is included and budget accordingly.
Work with a Local Expert: A real estate agent with deep knowledge of Coral Gables can guide you through the competitive market and help you find the perfect condo.
Inspect the Property: Thoroughly evaluate the condo’s condition, layout, and features to ensure it aligns with your needs and expectations.
Plan for Future Value: Consider factors like proximity to amenities, neighborhood growth, and market trends to make a sound investment.
THE CONDO SCENE
Condo Living in Coral Gables: Popular Developments
Merrick Manor
Located near the heart of Coral Gables, Merrick Manor provides boutique-style living with resort-style amenities, including a pool deck, fitness center, and elegant common areas.
Biltmore Parc
A modern condo community, Biltmore Parc emphasizes spacious layouts and sophisticated interiors, making it a popular choice for discerning buyers.
Condo Living in Coral Gables: Pre-construction
The Avenue
One-bedroom condos: These typically range from $400,000 to $600,000, offering compact, stylish living spaces perfect for young professionals or couples seeking a central location.
Villa Biltmore
This exclusive development is steps away from the historic Biltmore Hotel and features spacious, upscale condos with refined finishes and access to golf and dining options.
Giralda Place
Combining contemporary design with an unbeatable location near Miracle Mile, Giralda Place is perfect for those who value modern amenities and urban convenience.
Villa Valencia
This collection of 39 ultra-luxury condos combines state-of-the-art features with timeless elegance, including expansive terraces and private elevators.