Frequently Asked Questions about Moving to Coral Gables and Coral Gables Homes for Sale

Is Coral Gables a Rich Area?

Coral Gables is one of Miami’s most desired and exclusive areas, so yes it is considered an upscale and rich area. Coral Gables does offer a really wide variety of homes for sale; from smaller homes in the $500K- $1M range all the way to $10M+ waterfront mansions in gated communities. The east part of the Gables, which is closer to the bay, offers many exclusive gated communities and is more desired than the west part of Coral Gables. Generally speaking the west part is more accessible and affordable although several streets/areas here are equally desired as some parts east of the US1. The most desired real estate in West Coral Gables can be found around the Coral Gables Waterways, the Riviera Golf Course , the Granada Golf Course and the Biltmore Golf Course.

How Expensive is Coral Gables Real Estate?

To make it easier to digest we separated the west part (west of the US1) from the east part. In the west part of the Gables, smaller/dated homes start selling around $500K and the upper-end of the market trades for approximately $4M/$5M although this amount can be much higher with brand new waterfront constructions. Waterfront homes here are located on one of the canals and further away from the open water, which means you will most likely find bridges on your way to the open water. The average sales price in 2020 was $1.1M. Waterfront homes generally start at $1.3 Million for a dated “Fixe-upper” property, while ready-to-move-in waterfront homes will start at $3.5M.

The more upscale eastern part, which is close to the open water and home to many gated communities, starts selling at around $1M for decent, dry lot homes that will often still require some upgrades or renovations. In 2020, the average sales price in this part of the Gables was $3M, while the average sales price for waterfront homes was $6.1M. This market is home to Miami’s most exclusive waterfront mansions some of which are located on bay front lots, which will easily trade for $10M+. This market, together with Miami Beach, is most preferred by ultra-luxury buyers.

Does Coral Gables have Good Schools?

Coral Gables offers some of Miami’s best private schools and is also close to areas such as Pinecrest and Coconut Grove that offer equally well-rated schools. As mentioned before many families choose to live in the Gables for this very reason. The links below will provide you with very useful information; one article is about Coral Gables schools and one shows you were to live to be close to Miami’s best private schools. You will see that most of these schools can be easily reached from Coral Gables.

What are the Best Gated Communities in Coral Gables?

Coral Gables offers several gated communities, most of which are waterfront and located along the Biscayne Bay. Via the orange button below you can read everything there is to know about these Coral Gables gated communities and search directly for homes for sale in these communities. I cannot tell you what the best gated community is, as this is really subjective, but some of the most exclusive communities are: Tahiti Beach, Gables Estates, Old Cutler and Snapper Creek.

What is Coral Gables Famous for?

The City Beautiful has several historic landmarks such as the Biltmore Hotel and the Venetian Pool. It has several great dining and shopping venues such as the Miracle Mile and the Shops at Merrick Park. Coral Gables is also home to the University of Miami. Last but not least, Coral Gables is known for its excellent living conditions, quality of life, schools and beautiful homes. It is a desired and upscale neighborhood specially among families and therefore has a certain prestige that goes along with the name.

Does Coral Gables have a beach?

No, Coral Gables does not have a beach unless you are a resident of Tahiti Beach and are one of the fortunate homeowner with a private beach. Coral Gables is not a touristic part of town, it is a purely residential part of town, but it is close to areas with beaches. Within 20/30 minutes you can be in South Beach or Key Biscayne to enjoy the beach. Key Biscayne offers many public beaches and so does Miami Beach. In Miami Beach you can find great beaches with beach service from one of the hotels.