The city of Coral Gables is known for its luxurious old-world residential community as well as its vibrant financial and commercial district. It has a population of 49,700 and a total area of 37.31 square miles, with 12.93 square miles of land and 24.38 square miles of water.
Coral Gables in Miami-Dade County, Florida is located southwest of downtown Miami and is home to the University of Miami. It is near Coconut Grove, South Miami, West Miami, and Little Havana.
Real Estate Community in Coral Gables
Average Land Area/House Square Feet
The average size of Coral Gables houses for sale is around 2,000 square feet. Average rate per square feet is approximately $462.
Common Property Types or House Styles
Common property types in Coral Gables are single-family homes, huge estates, and waterfront mansions. There are also modern condos in the downtown part of Coral Gables.
Average Market Pricing
Homes for sale in Coral Gables have an average price of $925,000. Prices can go as high as $33, or more.
Common Design, Construction, or Architectural Types
Many homes in the city are in the Mediterranean Revival style. Homes are reminiscent of turn-of-the-century Venice and Granada. The influence of 20th century Spanish architecture is also evident in the home styles. Towering sculptures, elaborate fountains, and manicured landscapes are not uncommon in the Coral Gable properties.
Coral Gables has seen a lot of celebrities residing in the neighborhood over the years, including Dave Barry, Antoine Walker, and Pat Riley. Amongthese big names are Jennifer Lopez and her fiance Alex Rodriguez. Their 11,000-square-foot nest features retracting window walls that reveal an expansive yard, swimming pool, a bar pavilion, and trampoline.
Marc Anthony also recently acquired a 21,000-square-foot Mediterranean-style estate from Bacardi heiress Hilda Maria Bacardi. It has 12 bedrooms, an elevator, a 480-foot water frontage, and three kitchens.
Living in Coral Gables
General Cost of Living
100 is the national average in the cost of living index. Coral Gables scores 165, with housing as the main factor driving the high cost of living in the city. The general cost of living in the city is 66% higher than the Florida average and housing is 208% higher than the national average.
Average household income in Coral Gables is $100,843. Some of the most profitable career sectors are in healthcare, legal, architecture, engineering, and arts and entertainment.
Warmest months are July and August, with an average temperature of 91°F. Meanwhile, January is the coldest month, with temperatures ranging from 60.1°F to 75.9 °F.
Boutiques, wine shops, and cafes line Miracle Mile while Miami’s best restaurants are on Ponce de Leon Boulevard and Giralda Avenue. There are a few bars on Giralda serving craft cocktails. Notable establishments include Fugato, Hillstone, Eating House Miami, MKT Kitchen, and many more.
Miami-Dade School District serves Coral Gables. Some of the public schools in the city are Coral Gables High School, International Studies Preparatory Academy, Henry S. West Laboratory Elementary, Coral Gables Preparatory Academy, George Washington Carver Middle School, and Ponce de Leon Middle School.
Private schools in Coral Gables include Gulliver Academy - Marian C. Krutulis Campus, the lower campus of the Riviera Schools, St. Theresa Catholic School, St. Philip’s Episcopal School, French-American School of Miami, and St. Thomas Episcopal Parish School.
One of the easiest ways to get around is to ride the free Coral Gables trolley, which stops at different points of interest in the city. There are metrorail and metrobus stations in Coral Gables connecting the city to the rest of Miami.
Parks, Recreational Activities, and Attractions
Popular landmarks in the city are the award-winning Biltmore Hotel and Venetian Pool, the city’s historic public pool. University of Miami is also situated in Coral Gables.
Coral Gables Museum in the downtown is a must-visit for those who want to learn more about the city. This isn’t a tiny gallery; rather, the grounds are wide and can be explored by foot, on two wheels, or while canoeing. Books & Books is another site not to be missed. It is an independent bookshop containing classic and contemporary collections.
The Old Cutler Trail has one of Coral Gables’ picturesque landscapes, perfect for bikers and joggers. Matheson Hammock Park is recommended for those who would like to go fishing, hiking, or take photographs.
Other attractions include Actors’ Playhouse at Miracle Theatre, Bill Baggs Cape Florida State Park, Coral Gables Art Cinema, and Fairchild Tropical Botanic Garden.
If you want to live in a Mediterrenean-style city with dining, shopping, and local attractions within easy reach, Coral Gables may be for you. Get in touch with The Jills Zeder Group at 305.722.5721 or 305.341.7447 to get started.