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Why Buy in Coral Gables?

Located southwest of downtown Miami, Coral Gables is well known for its canopied and shaded streets, its many historic houses, and its exclusive private communities, such as Gable Estate and Coco Plum.

By Maryline Lacorre 19 Jan 2021

One of the oldest cities in South Florida

Founded by George Merrick in 1925, Coral Gables is the most upscale suburb of Miami and is home to the best schools in the district, including the University of Miami. Old meets new in this city with both the historic Biltmore Hotel and the newly developed Miracle Mile only steps away from each other. Coral Gables hosts some of the finest shopping and dining in the city, making it one of the most sought-after places in Miami. The real estate market in Coral Gables is in good shape — indeed, luxury homes have seen a price increase of 25% compared to last year. The number of closed sales has increased, too, with 23 sales (15 in 2019); however, we observed a listing discount of 19.3%, so as an investor you can likely negotiate a better deal. As for condos, prices have decreased 30% compared to 2019. It’s a good time for buyers to invest in a condo in Coral Gables before the market surges.

Where to buy in Coral Gables?

- Cocoplum: This enclave of 302 estate homes (including 172 waterfront residencies) designed by world-renowned architects and builders offers the ultimate in privacy, elegance, and exclusivity. Cocoplum is strategically located just minutes away from top schools, restaurants, entertainment, and the most exclusive shopping destinations. At Islands of Cocoplum, you can access the private Club House as well as its amenities (tennis courts, basketball court, volleyball court, fitness center, playground, and pool).

- Gables Estates: Gables Estates is located off the palm tree-lined Old Cutler Road in the southern section of Coral Gables and is bordered by picturesque Biscayne Bay. Gables Estates is one of the most prestigious residential communities in Florida, offering residents world-class facilities and truly luxurious living, with plenty of amenities. The family-friendly neighborhood is also home to some of the best schools and educational institutions in Florida, along with plenty of activities.

- Biltmore Parc Residences: This 5-story residence is composed of 32 units, each with 2-3 bedrooms. Ideally located in the heart of Coral Gables, Biltmore Parc is near the Granada Golf course and the Venetian Pool and is only a few minutes away from the University of Miami. This Mediterranean-style residence offers 24/7 concierge services and one-year membership to The Club at the Biltmore, which offers fitness and social activities, special privileges, and more.

- Villa Biltmore: Welcome to Coral Gables’ most exclusive golf course residences! Villa Biltmore is composed of 2 buildings with 11 luxurious residences, including 3 penthouses. Here you can enjoy breathtaking views of the world-renowned Biltmore greens and the outdoor pool with spa and sun deck.

Villa Biltmore

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