Why Live in Downtown Gables
Downtown Gables in Miami, also known as Coral Gables, blends historic charm with modern amenities, making it a vibrant neighborhood for central city living. Developed in the 1920s, the area features Spanish Revival architecture and mature trees, creating a picturesque setting. The neighborhood offers a mix of single-family homes and multifamily properties, with ranch-style houses on the southern edges and condos in the heart of the area. Residents enjoy a variety of things to do, including dining at local spots like Gables Juice Bar and Muscle Pizza, and exploring the Miracle Mile, which is home to museums, theaters, and family-friendly entertainment. The area is known for its low crime risk, making it safer than the national average.
For families, the neighborhood provides access to highly rated schools such as Coral Gables Preparatory Academy, Coral Gables Senior High, and George Washington Carver Elementary. Ponce Circle Park offers a green space for picnics and a scenic spot to catch the free Coral Gables Trolley. The combination of residential and commercial spaces means residents can shop, dine, and explore within the neighborhood. Downtown Gables is a well-loved area that balances historic beauty with contemporary living, making it a desirable place to call home.
Home Trends in Downtown Gables, FL
On average, homes in Downtown Gables, Miami sell after 97 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Gables, Miami over the last 12 months is $1,042,500, up 33% from the median home sale price over the previous 12 months.
Median Sale Price
$1,042,500
Median Single Family Sale Price
$1,537,500
Median Townhouse Sale Price
$1,975,000
Median 2 Bedroom Sale Price
$750,000
Median 1 Bedroom Sale Price
$332,500
Average Price Per Sq Ft
$796
Number of Homes for Sale
6
Last 12 months Home Sales
12
Median List Price
$910,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
33%