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Coral Gables

Coral Gables

Located in Miami/Dade County

$3,755,414 Average Value
$843 Average Price per Sq Ft
357 Homes For Sale

The City Beautiful in South Florida’s Miami metro area

The South Florida city of Coral Gables sits between vibrant downtown Miami and the 1.5-million-acre natural wonderland of the Everglades. Developer George Merrick in the early 1900s envisioned the city as a Mediterranean-style oasis. Today the city’s layout features a botanical garden and multimillion-dollar waterfront properties to the south, and historic homes, mature oak trees and canals to the north. Its tranquil streets brim with public art, orchid gardens and farmers markets. And the city’s park system, infrastructure and roster of corporate headquarters continue growing. With all of this, it is no wonder “The City Beautiful” has proven attractive. “Our very active residents include a lot of the who’s who from South Florida — former governors, Florida supreme court justices, Fortune 500 CEOs,” says Ariel Fernandez, city commissioner. “You’ll see people you know in coffee shops, in churches… The whole community comes together on a daily basis and welcomes new residents with open arms.”

Developer George Merrick in the early 1900s was the visionary of Coral Gables.
Developer George Merrick in the early 1900s was the visionary of Coral Gables.
Giralda Plaza Artisanal Market offers an array of artisanal and handmade goods.
Giralda Plaza Artisanal Market offers an array of artisanal and handmade goods.
Waterfront homes in Lower Riviera can access the Bay via the Coral Gables Waterway.
Waterfront homes in Lower Riviera can access the Bay via the Coral Gables Waterway.
Many Coral Gables Section residents head over to Gerald Ave for dinner.
Many Coral Gables Section residents head over to Gerald Ave for dinner.
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International business is on the rise in Coral Gables

Business thrives in Coral Gables. Companies like Catalyst Pharmaceuticals and Veritran are headquartered in town. Many international corporations have operations here, as well, including FIFA, which just opened a 60,000-square-foot office in preparation for the 2026 World Cup. New businesses aside, the University of Miami remains the city’s largest employer, boasting four Nobel Prize-winning alums and a reputation as one of the nation’s top research universities.

Downtown Coral Gables has recently gone through a transformation with new buildings.
Downtown Coral Gables has recently gone through a transformation with new buildings.
Coral Gables has plenty of office spaces harboring many corporate headquarters like FIFA.
Coral Gables has plenty of office spaces harboring many corporate headquarters like FIFA.
Eating and shopping on Miracle Mile is a popular activity amongst Coral Gables residents.
Eating and shopping on Miracle Mile is a popular activity amongst Coral Gables residents.
Students can easily walk to class across the Lakeside Walkway in Upper Riviera.
Students can easily walk to class across the Lakeside Walkway in Upper Riviera.
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Summertime swims at the historic Venetian Pool, golf at the Biltmore

The city is home to more than 60 public parks and green spaces, and more than 40 miles of waterways. “We just inaugurated a dog run at Salvadore Park, and we’re working on a new pickleball facility close to downtown,” Fernandez says. The newest on the horizon is the Hammock Playground Plaza, transforming the land under Miami’s Metrorail into a state-of-the-art recreation space.

The city is also full of remarkable destinations, including the glittering Venetian Pool and the elegant Biltmore Hotel. The Venetian Pool – drained and refilled daily with clear water from the Biscayne aquifer – draws tourists worldwide to marvel at how a coral rock quarry was transformed into a showplace for beauty contests and famous actors in the 1920s. The Biltmore Hotel, renowned for A-list guests like Judy Garland and Franklin Delano Roosevelt, is a popular wedding venue. The hotel’s restaurants and the GableStage Theater make for great date nights.

The famous Biltmore Golf Course is a classic 18 hole facility with stunning views.
The famous Biltmore Golf Course is a classic 18 hole facility with stunning views.
Have a dip at The Venitian Pool, just south of Granada, FL.
Have a dip at The Venitian Pool, just south of Granada, FL.
Salvador Park is a large park in the heart of Coral Gables famous for its tennis courts.
Salvador Park is a large park in the heart of Coral Gables famous for its tennis courts.
Stand up paddling is a fun activity for Cocoplum residents to enjoy.
Stand up paddling is a fun activity for Cocoplum residents to enjoy.
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Eateries and happenings on the Miracle Mile

Downtown Coral Gables is known for its stretch of shopping, dining and entertainment that has become known as the Miracle Mile. “It’s our main strip where everyone comes to enjoy nights out on the town,” Fernandez says. “Recently, the city invested a few million into expanding the sidewalks to allow for more outdoor dining.” Bugatti Bistro and Christy’s have been mainstays for decades. New restaurants include the Michelin-star Bouchon Bistro, offering French cuisine by world-class Chef Thomas Keller. Down the boulevard, Shops at Merrick Park offers around 100 options for retail therapy.

There’s always something going on in Coral Gables. Small Business Saturdays mean free parking in the garages downtown. Gallery Nights on First Fridays push fine art into the frame. In 2022, the city collaborated with consulates to launch the new International Cultural Events Program, introducing events like the Carnaval de Barranquilla parade – a late-April celebration of Colombian Caribbean culture. The festive spirit carries over into March, which kicks off with Carnaval on the Mile. “[It’s] a huge party… we close down four blocks on Miracle Mile for art and live music,” Fernandez says. “And our Fourth of July festival on the Biltmore Lawn brings more than 28,000 for a concert and fireworks.”

Carnival on the Mile is a big event in Gables Estates
Carnival on the Mile is a big event in Gables Estates
Doc B's in Miracle Mile, east of Granada, FL, is an excellent place for lunch and dinner.
Doc B's in Miracle Mile, east of Granada, FL, is an excellent place for lunch and dinner.
Gables Gallery Night
Gables Gallery Night
76th Annual Miracle on the Mile Parade
76th Annual Miracle on the Mile Parade
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Century-old oaks around the university, mansions on the Biscayne Bay

Coral Gables homes range from one-bedroom condos in central and northern districts – priced between $200,000 and $800,000 – to seven-bedroom mansions on the Biscayne Bay going for as much as $70 million. Properties north of the university and around golf courses, such as the prestigious Riviera Country Club, average between $1 million and $3 million. With a median single-family home price of $2 million, Fernandez says, “We’re one of South Florida’s most expensive ZIP codes and one of the largest coastal cities in South Florida. But it’s not like Miami Beach. We have one beach park, and the rest are homes along the waterfront.”

Homeowners appreciate “white-glove garbage pickup,” as Fernandez calls it. “No one brings trash out front,” he says. “We pick up twice a week from beside and behind homes. We’re also working with Florida Power and Light to underground all our power utilities.” Flood insurance is mandatory for a federally guaranteed mortgage, and there is often a 30-day waiting period for new policies. Hurricane season on the coast is taken seriously, and new residents should familiarize themselves with hurricane preparation and evacuation routes.

A contemporary one-level single-family home in the Coral Gables Section neighborhood.
A contemporary one-level single-family home in the Coral Gables Section neighborhood.
People can find beautiful homes along the waterways of Cocoplum.
People can find beautiful homes along the waterways of Cocoplum.
Welcome to the beautiful Sunrise Point neighborhood in Coral Gables, FL.
Welcome to the beautiful Sunrise Point neighborhood in Coral Gables, FL.
Sunrise Point also has lots of condos to choose from.
Sunrise Point also has lots of condos to choose from.
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A-plus International Studies Preparatory Academy

Coral Gables is served by Miami-Dade Public Schools, graded A-minus on Niche. All the city’s schools earn a B-minus or higher, including the A-plus International Studies Preparatory Academy. ISPA partners with the Spanish, Italian and French Education Ministries to award equivalent European diplomas. In 2024, Coral Gables Senior High is undergoing significant renovations, including a new gym and courtyard. Gulliver Preparatory, graded A-plus, is among the city’s private options, and the University of Miami offers more than 180 undergraduate programs.

International Studies Preparatory Academy offers European diplomas.
International Studies Preparatory Academy offers European diplomas.
Coral Gables High School has a large sporting complex.
Coral Gables High School has a large sporting complex.
Gulliver Preparatory School is an A+ school in Pinecrest, FL.
Gulliver Preparatory School is an A+ school in Pinecrest, FL.
Upper Riviera is home to the University of Miami.
Upper Riviera is home to the University of Miami.
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U.S. Route 1 to Miami

Being home to a major university has contributed to traffic challenges over the years. Since 2000, the University of Miami’s mobility programs, such as subsidizing mass transit, establishing UBike and reducing speeds to encourage walking, have achieved a nearly 40 percent reduction in peak residential area traffic around campus.

Main thoroughfare U.S. Route 1 offers a direct route to downtown Miami, roughly 6 miles away. The vintage-style Coral Gables Trolley provides free transportation along Ponce de Leon Boulevard, connecting commercial districts to the Metrorail. Miami International Airport is 12 miles away. “Because of our location, we’re a cut-through city, and that can have a huge impact during rush hour,” Fernandez says. “But we’ve been implementing a 5-year plan for traffic calming.”

Crime statistics

According to FBI Crime Data Statistics, Coral Gables’ violent crime reports declined from 79 in 2012 to 51 in 2020. Property crime reports also fell from 2,277 in 2012 to 1,167 in 2020. Compared to crime statistics in nearby Miami Beach, Coral Gables trends significantly lower.

Micaela Willoughby
Written By
Micaela Willoughby
Daniele Giuseppe Del Gaudio
Photography Contributed By
Daniele Giuseppe Del Gaudio
Houston Knight
Video By
Houston Knight

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Coral Gables Housing Trends

Housing Trends

Median List Price
$1,427,778
Median Sale Price
$1,227,500
Median Single Family Sale Price
$2,137,500
Median Townhouse Sale Price
$1,937,500
Median 2 Bedroom Sale Price
$585,000
Median Change From 1st List Price
7%
Last 12 months Home Sales
660
Median Home Sale Price YoY Change
3%
Average Price Per Sq Ft
$843

Area Facts

Number of Homes
17,139
Number of Homes for Sale
357
Median Year Built
1961
Months of Supply
6.50
Average Single Family Home Size Sq Ft
2,651
Significantly above the national average
1,929
Average Townhouse Size Sq Ft
2,709
Average 2 Bedroom Size Sq Ft
1,260
Average 1 Bedroom Size Sq Ft
764
Average Studio Size Sq Ft
383
Median Lot Size Sq Ft
7,840

Open Houses

  • Sunday, Nov 2
    Open Sun 12PM - 2PM

    4000 Alhambra Cir, Coral Gables, FL 33146

    $1,749,900

    • 4 Beds
    • 2.5 Baths
    • 2,612 Sq Ft
    • 4000 Alhambra Cir
    • New 2 days ago

    Bright & spacious 2-story home on a desirable corner lot in the heart of Coral Gables, located on prestigious Alhambra Circle. This airy 4-bedroom, 3-bath residence boasts high ceilings, tile flooring throughout, and generous living and dining areas filled with abundant natural light. The kitchen opens to expansive living spaces, perfect for both everyday living and entertaining. The primary

    Agent Photo
    Wesley Ulloa
    Luxe Properties
    (786) 788-8434
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  • Saturday, Nov 1
    Open Sat 12PM - 2PM

    924 El Rado St, Coral Gables, FL 33134

    $995,000

    • 2 Beds
    • 1 Bath
    • 1,181 Sq Ft
    • 924 El Rado St
    • New 2 days ago

    Nestled on one of North Gables’ quietest streets, this classic 2-bedroom, 1-bath home captures timeless Coral Gables charm. Overlooking Lisbon Park, it sits on a 6,773 sq. ft. lot surrounded by mature trees and natural light, offering rare privacy in this coveted area. A fully paved driveway enhances its curb appeal, while the bright sunroom opens to a warm living space with original pine floors

    Sara Arroyo Compass Florida, LLC

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  • Saturday, Nov 1
    Open Sat 10AM - 1PM

    1032 Obispo Ave, Coral Gables, FL 33134

    $1,399,000

    • 3 Beds
    • 2 Baths
    • 1,585 Sq Ft
    • 1032 Obispo Ave
    • New 2 days ago

    .Beautiful Coral Gables home, Ready to Move-in. Just 1 minute walk to the Granada Golf Course. This home features 3 spacious bedrooms and 2 bathrooms; one walk in shower and one with bath tub. Refinished wood floors throughout with tiles in family and kitchen. 1 car-garage with air-conditioning wall unit. Scenic Landscaping. Large Lot 50 x 150. Enjoy the outdoors, fully fenced yard. Home is

    Ivonne Gonzalez Green Street Realty

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Homes for Sale

Homes for Rent

Condo Buildings

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Coral Gables

Property Mix - Square Feet

Coral Gables Has More Owners

Demographics

Total Population
47,641
Median Age
43
Population under 18
20.3%
On par with the national average
23.8%
Population over 65
21.7%
On par with the national average
19.1%

Finances

Median Household Income
$113,341
Significantly above the national average
$71,702
Average Household Income
$146,607

Education and Workforce

High School Graduates
97%
College Graduates
70.1%
Significantly above the national average
34.1%
Advanced Degrees
38.2%
Above the national average
13.3%
% Population in Labor Force
63.8%

Weather

Annual Precipitation
68''
Average Winter Low Temperature
62°F
Average Summer High Temperature
91°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

37 / 100

Car-Dependent

Walk Score®®

11 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Coral Gables