Explore Coral Gables
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Why Live in Coral Gables
Coral Gables, FL, known as "The City Beautiful," is situated between downtown Miami and the Everglades. Envisioned by developer George Merrick in the early 1900s, the city features Mediterranean-style architecture, multimillion-dollar waterfront properties, historic homes, mature oak trees, and canals. Residents enjoy tranquil streets adorned with public art, orchid gardens, and farmers markets. The city boasts more than 60 parks and green spaces, including the Venetian Pool and the Biltmore Hotel, both popular attractions. The Miracle Mile offers a vibrant stretch of shopping, dining, and entertainment, with eateries like Bugatti Bistro and Michelin-starred Bouchon Bistro. Coral Gables hosts numerous cultural events, such as Carnaval on the Mile and Fourth of July festivities. Homes range from one-bedroom condos to seven-bedroom mansions, with a median single-family home price of $2 million. The city is served by highly rated schools, including International Studies Preparatory Academy and Gulliver Preparatory. The University of Miami, the largest employer, contributes to the city's international business presence. Coral Gables is well-connected, with U.S. Route 1 providing direct access to downtown Miami, 6 miles away, and Miami International Airport, 12 miles away. The Coral Gables Trolley offers free transportation along Ponce de Leon Boulevard.
Home Prices in Coral Gables, FL
The median home sale price in Coral Gables, FL is $1,236,000, down 1% year-over-year. Homes in Coral Gables sell in 102 days on average, compared to the national average of 56 days.
Home Price Trends
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Median Sale Price
$1,236,000
|
Median Single Family Sale Price
$2,287,500
|
|
Median Townhouse Sale Price
$3,316,000
|
Median 2 Bedroom Sale Price
$598,000
|
|
Median 1 Bedroom Sale Price
$350,000
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Average Price Per Sq Ft
$917
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Number of Homes for Sale
291
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Last 12 months Home Sales
770
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Months of Supply
4.50
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Median List Price
$1,398,000
|
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Median Change From 1st List Price
7%
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Median Home Sale Price YoY Change
-1%
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