$945,904Average Value$980Average Price per Sq Ft9Homes For Sale
The walkable, European-style charm of Downtown Gables
Residents of Downtown Gables are treated to a European-style village every time they leave home, thanks to the vision of George Merrick, founder of Coral Gables, “The City Beautiful.” Merrick set out in the 1920s to create a walkable “community of villages.” Fast-forward to today, and those who call this South Florida community home live steps away from boutiques, international restaurants, music venues and art galleries; all of it set against a backdrop of tropical landscaping and elegant Mediterranean Revival architecture.
Downtown Gables’ Miracle Mile is historic corridor shaped by merchants, leaders and generations of local pride.
With its lush streetscapes and cultural vibrancy, Downtown Gables offers a walkable, curated lifestyle in South Florida.
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Transit, quick highway access and a short drive to Miami’s core
Thoughtful street planning makes Downtown Gables walkable, but there are still plenty of cars. Traffic is worst around signature events like the annual Coral Gables Festival and during the winter tourist season when snowbirds flock to the area. The neighborhood centers around Ponce de Leon Boulevard, lined with Metrobus and Coral Gables Trolley stops. Another main thoroughfare, Douglas Road, is a straight shot to Miami International Airport, about 4 miles north. Downtown Miami is just over 6 miles away. Nearby highways include U.S. Route 1, the Dolphin Expressway, the Palmetto Expressway and Interstate 95.
What to expect pricewise in Downtown Gables
The market in Downtown Gables features houses, condos and a smattering of townhouses. Listings typically take over 90 days to sell, with a median price of just under $900,000. Prices begin with condos, starting in the low $300,000s and maxing out in the mid $800,000s. Houses roughly range from the mid $900,000s to $2 million. Owners of condos and townhouses in the neighborhood pay regular fees to their respective homeowners associations, while most single-family properties here are HOA-free. Flood insurance is another cost to consider. There are a few special flood zones in Downtown Gables. Residences located within them may require flood insurance to qualify for federally backed mortgages.
Houses from the 1920s and 1950s add timeless character
Local Lindsey Brown, a Realtor with Berkshire Hathaway HomeServices EWM Realty, says neighborhoods in Coral Gables are renowned for their beauty, and the city’s heart is no exception. "It has a lot of really beautiful old Spanish and Mediterranean [Revival] homes, which many people have recently refurbished,” she says. “This architecture is a big part of the community, and it gives it some nice character." Many of these earthy, stucco-sided, terracotta-roofed homes were originally built in the 1950s, though some date back as early as the ‘20s. Lots are small, with a median just over an acre. As for condominiums, there are low-rise, midrise and high-rise options. Boutique buildings like 100 Andalusia offer luxury units for a higher price tag.
Mediterranean Revival and Spanish eclectic cottages from the mid-20th century are common.
Ranch-style homes in Downtown Gables offer single-level living with timeless design and lush surroundings.
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Hundreds of shops and dozens of restaurants on the famed Miracle Mile
The Miracle Mile, a famous section of Coral Way, is home to hundreds of places to shop and dine. Local favorites include La Pata Gorda, an Ecuadorian seafood favorite for its fresh ceviche; Fratellino, a cozy trattoria serving classic pizzas and pastas; and CRAFT, serving elevated Americana dishes in a chic setting. Good eats aren’t limited to the Miracle Mile. Brown suggests exploring the nearby Giralda Avenue. “It’s a brick street, cute area for walking around or getting a bite to eat,” she says. “It has some really great restaurants, my favorite is a great Italian spot, Luca Osteria."
Top-rated public, charter and magnet schools serve Downtown Gables
Downtown Gables is served by a top-rated school district, Miami-Dade County Public Schools, and top-rated schools, such as George W. Carver Elementary School and Coral Gables Senior High School. Top-rated charter and magnet schools are also nearby, including Somerset Gables Academy and International Studies Preparatory Academy. Students are placed into magnet programs through a lottery; however, arts school admissions are based on an audition. Open enrollment lets students switch schools depending on seat availability.
George Washington Carver Elementary, located in Downtown Gables, is a top-rated public school offering strong academics and international magnet programs.
Since opening in 1950, Coral Gables Senior High has stood as a proud educational landmark in Downtown Gables.
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
Are you familiar with the Downtown Gables neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Downtown Gables
US
Homicide
2
4
Sexual Assault
3
4
Assault with Weapon
3
4
Robbery
3
4
Burglary
4
4
Motor Vehicle Theft
4
4
Larceny
3
4
Crime Score
3
4
Source: WhatIsMyCrimeRisk.com
Downtown Gables Demographics and Home Trends
On average, homes in Downtown Gables, Miami sell after 93 days on the market compared to the national average of 53 days. The median sale price for homes in Downtown Gables, Miami over the last 12 months is $895,000, up 8% from the median home sale price over the previous 12 months.
Discover a rare chance in the heart of Coral Gables. Situated on a 4,000 sq ft lot, 345 Malaga Ave sits in one of South Florida’s most prestigious and sought-after neighborhoods. This versatile property is zoned for mixed use, allowing possibilities such as a medical office, dog grooming facility, day care, boutique workspace, parking garage, and more. Located just moments from Miracle Mile, fine
Totally pristine and immaculate unit in one of Coral Gables' favorite boutique buildings: 100 Andalusia is now available. Located just one block from Miracle Mile and everything that the center of Coral Gables has to offer. This north-facing unit of 2 bedrooms and 2.5 bathrooms has large dressing rooms, a balcony, a separate storage space with air conditioning and a secure, covered and assigned
The Most Exquisite Expression of Home, set among the pristinely landscaped streets and refined energy of Coral Gables—shaded by a canopy of live oak and mahogany trees—Ponce Park is a balance of high design and individual character, iconic interiors, and graceful discretion. Perfectly European, unexpectedly evocative, and flawlessly detailed, with architecture by renowned neoclassicist John
Totally pristine and immaculate unit at one of Coral Gables most favorite boutique buildings: 100 Andalusia is now available. Located just one block from Miracle Mile and all that Downtown Coral Gables has to offer. This 2-bedroom, 2.5 bath North-facing unit has spacious walk-in closets, a balcony, a separate air-conditioned storage space, and assigned, covered, secure parking on the same floor
Discover this beautiful (3/2) home ideally situated in the heart of Coral Gables, just steps away from shops, restaurants, and galleries. This unfurnished gem is ready for immediate move-in. Features: Modern Kitchen: Equipped with quartz counter tops and brand-new stainless-steel appliances. Private Backyard: Enjoy a large, secluded backyard featuring mango and avocado trees. Spacious Laundry
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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.
