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Gables Estates

Gables Estates

$8,646,493 Average Value
$2,463 Average Price per Sq Ft
16 Homes For Sale

A coastal paradise for outdoor lovers

From gated, canal-front communities with direct access to Biscayne Bay to large estates tucked away on quiet, tree-lined streets, the Gables Estates area of Coral Gables is known for its luxury and sophistication. “Gables Estates is one of the most prestigious neighborhoods in Miami,” says Andres Morales, a Realtor with Coldwell Banker Realty, who lives 10 minutes away in Pinecrest and has been selling real estate in Miami for the past several years. “Some of Miami’s top billionaires live here. They like the privacy and security. Plus, Miami is only a 10-mile drive north.” With top-rated schools, upscale shopping and fine dining nearby, Gables Estates has all the trappings of an elite enclave.

On weekends, Gables Estates cyclists head to the scenic Matheson bike trails.
On weekends, Gables Estates cyclists head to the scenic Matheson bike trails.
A view of the saltwater pool and marina in Gables Estates.
A view of the saltwater pool and marina in Gables Estates.
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From bike paths to butterfly gardens

Old Cutler Road Trail, a 13.5-mile bike path, cuts through the neighborhood and is shaded by centuries-old fichus and banyan trees. Residents can bike it to Matheson Hammock Park and Marina, which offers a picnic pavilion made from coral rock, a full-service marina, and a beach with a manmade atoll pool that fills with the tide every day. The coast here is ideal for kiteboarding because the waters are calm and the ocean breezes are always active. Right below the park, Fairchild Tropical Botanic Garden features 83 acres of walking paths, lakes, rare tropical plants and a butterfly garden with over 40 species exhibited throughout the year.

Fairchild Gardens near Gables Estates has outdoor event spaces.
Fairchild Gardens near Gables Estates has outdoor event spaces.
Matheson Park near Gables Estates is the perfect place to make family memories.
Matheson Park near Gables Estates is the perfect place to make family memories.
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Large estates with resort amenities

Homes in Gables Estates are meticulously maintained, selling for between $4.5 million and $70 million. Architectural styles range from Mediterranean to contemporary, with lush and mature landscaping and resort-style amenities like pools, tennis courts and private docks. “The lots here are large — at least a half-acre to over a full acre of land in many cases,” Morales says. “It’s rare to see properties this large in Miami or Miami Beach. You can also keep up to a 100-foot boat docked at your home if you live on a canal with access to the bay.”

Gables Estates homes sit on large plots of land.
Gables Estates homes sit on large plots of land.
A large luxury home in Gables Estates sits by the water.
A large luxury home in Gables Estates sits by the water.
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Art, mangos and chocolate

Carnival on the Mile is an annual two-day street festival along the Miracle Mile in Downtown Coral Gables, with local art, live music, food and children’s entertainment. Even closer, Fairchild Tropical Botanical Garden hosts events like the International Mango Festival and A Festival of Chocolate, each with cooking lessons, tastings, entertainment and samples.

A multitude of little shops invade Miracle Mile during the Carnival.
A multitude of little shops invade Miracle Mile during the Carnival.
Gables Estates residents get to see their favorite bands during the carnival.
Gables Estates residents get to see their favorite bands during the carnival.
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Dining and shopping destinations

On the beach at Matheson Hammock Park, visitors can walk over to Noma Beach at Redfish, a waterfront restaurant known for its rooftop dining and coastal Italian cuisine. Glasshouse Café in the Fairchild Tropical Botanical Garden serves organic food made from local ingredients and boasts gorgeous views of the gardens. Whole Foods Market and Publix are about 3 miles east, and The Shops at Merrick Place, about 4 miles north, is an outdoor mall with stunning architecture and luxury brands, such as Gucci and Louis Vuitton.

Fairchild Gardens' Glasshouse Cafe has outdoor seating for Gables Estates locals.
Fairchild Gardens' Glasshouse Cafe has outdoor seating for Gables Estates locals.
Patrons and members of the Fairchild Gardens enjoy having lunch in the Estates.
Patrons and members of the Fairchild Gardens enjoy having lunch in the Estates.
NOMA Beach at Redfish restaurant in Gables Estates.
NOMA Beach at Redfish restaurant in Gables Estates.
The Glasshouse Cafe in Gables Estates.
The Glasshouse Cafe in Gables Estates.
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Nationally recognized schools

The schools that serve the community all received above-average grades from Niche. Sunset Elementary scored an A-minus and was designated an exemplary high-performing national blue-ribbon school by the U.S. Department of Education. Ponce de Leon Middle, a B school, features an International Baccalaureate Middle Years Magnet Program and is a designated gold STEM school. At Coral Gables Senior High, another A-minus school, students can choose from several career academies, including finance; business, management and information technology; and visual and performing arts.

Ponce De Leon Middle School offers a great curriculum to its students.
Ponce De Leon Middle School offers a great curriculum to its students.
Sunset Elementary School was awarded an A- on Niche.
Sunset Elementary School was awarded an A- on Niche.
Coral Gables High School serves residents and neighbors alike.
Coral Gables High School serves residents and neighbors alike.
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Public transit and highway access

Gables Estates offers easy access to the Miami International Airport via the Palmetto Expressway, about a 15-mile trip. Downtown Miami is about 10 miles up Route 10/South Dixie Highway, passing the University of Miami, just 3 miles north en route. Miami-Dade Metrobuses stop in Gables Estates, such as the 73 and 136, and the closest Metrorail station is Dadeland North, 3.5 miles east on Southwest 88th Street.

Other important information

The nearby University of Miami enrolls over 19,000 students, bringing a vibrant energy to the area. St. Thomas Episcopal Church at the corner of Southwest 88th Street and 57th Avenue offers weekly mass, socials, and men’s and women’s groups. The closest hospital, Baptist Health South Maimi, is less than 3 miles away. According to the CAP Index, Gables Estates is one of the safest communities in the country, although it's also very susceptible to flooding due to its proximity to major bodies of water, such as Biscayne Bay.

Christopher Kopczynski
Written By
Christopher Kopczynski
Eduardo Ford
Photography Contributed By
Eduardo Ford
Matt Ferguson
Video By
Matt Ferguson

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Miami International

26 min drive

Gables Estates Demographics and Home Trends

Housing Trends

Median List Price
$14,900,000
Median Sale Price
$10,825,000
Median Single Family Sale Price
$13,025,000
Median Change From 1st List Price
16%
Last 12 months Home Sales
13
Median Home Sale Price YoY Change
-19%
Average Price Per Sq Ft
$2,463

Neighborhood Facts

Number of Homes in Neighborhood
360
Number of Homes for Sale
16
Median Year Built
1972
Months of Supply
14.80
Average Single Family Home Size Sq Ft
7,063
Significantly above the national average
1,925
Average Townhouse Size Sq Ft
4,767
Median Lot Size Sq Ft
39,204

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
1,155
Median Age
49
Population Density
2 ppl/acre
Population under 18
20.3%
On par with the national average
23.8%
Population over 65
27%
Above the national average
19.1%

Finances

Median Household Income
$201,099
Significantly above the national average
$71,702
Average Household Income
$205,428

Education and Workforce

High School Graduates
98.3%
College Graduates
71%
Significantly above the national average
34.1%
Advanced Degrees
39.7%
Significantly above the national average
13.3%
% Population in Labor Force
67.4%

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

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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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.
NEIGHBORHOOD
Gables Estates
Elizabeth Ristine
Pan Florida Realty, Inc.
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