The Gables Club Condo: The Best Hidden Gem Condo in Coral Gables
The Gables Club is a often unknown but this hidden gem IS the best Condo in Coral Gables
Large Units | Mesmerizing Water Views | Finest Finishes | Excellent Services | Tranquility
A high-end condo that little has been talked about is the Gables Club Condo in Coral Gables. Between all the brand new construction in Miami and the fact that Coral Gables is pre-dominantly a single-family home market, one would oversee the luxurious Gables Club Condo.
This Coral Gables condo offers two waterfront towers built in 1996 (Tower 1) and 2003 (Tower 2). Each of these two condo towers offers 99 luxury residences varying between 2 and 6 bedrooms and between 1,500-10,190 SF.
Those who are looking at luxury condo towers like Grove Hill, Grove at Grand Bay or Grovenor House should definitely also consider this superb Coral Gables project on the water.
The value of the Gables Club Towers
The Gables Club Condos are located on a waterfront lot, offering stunning views of Miami and/or the Bay. The Gables Club offers a wide range of spacious units and great amenities. The residences are very expansive with a 2 bedroom condo often offering 3,000 SF of space. This is very unique and desired in Miami. The guard gated towers are known for their grace and impeccable amenities and services such as: Two pools, two fitness centers, a putting green, 24/7 security and concierge services, valet, tennis courts, a club house, a restaurant and a private marina that can host very large boats. Residents at the Gables Club can order from the restaurant and have it delivered to their condo. Another great feature are the hotel suites in the lower part of the building. Guests can stay in hotel suits that are extremely large (1,000 SF for a 1 bedroom, with a living room and kitchen). The residents at the Gables Club get a lot for their money and the HOA fees are lower than $1 per SF, which is low considering the services provided.
These perfectly located Coral Gables condos are in the desired area of Sunset Harbour in Coral Gables just steps away from South Coconut Grove. The advantage of this location is also the tranquility. This condo is not located on a big street or boulevard but on a quiet street overlooking the water as well as a private and gated community.
Price / Value Relationship
First of all luxury condos in Coral Gables and even Coconut Grove are scarce. Many families are looking for high-end condos in these areas and find their options limited. The Grove has recently responded to this demand with two brand new luxury condos, the Gables however is still offering extremely limited supply.
The Gables Club is one of the few luxury condos in the area that offers large interiors, impeccable finishes, great services and spectacular water views. Moreover the Gables Club is one of the few Miami condos with boat slips.
In 2016/2017, residences at the Gables Club sold between $650 per SF and $1,000 per SF, depending on finishes and views. Only 6 units sold in the last 12 months which means there is great stability in the building with a low renter to owner ratio.
If you want a waterfront condo in the Grove or the Gables with that much space, waterviews and services you are looking at condos like Grove at Grand Bay or Park Grove. These condos start selling between $800 and $1,000 per SF.
NOW LISTED AT THE GABLES CLUB: Unit 15F
3 Bedrooms | 3,5 Bathrooms | 2,950 SF | $2,300,000
Enjoy the incredible views from this superb 3 bedroom unit. This unit has it all; mesmerizing views, a great floor plan, a private elevator, nearly 3,000 SF of space, excellent services and a desired and tranquil location. All of this at a price impossible to beat.
Listed at $780 per SF, this extremely well maintained unit offers the finest in finishes as well as stunning views over the bay. Enjoy the tranquility from your balcony or the 5 star services of the Gables Club.
In the table on the right hand side we provide you with the sales prices per SF of luxury condos. As you can see the Gables Club 15F is by far one of the most affordable units. Grove Hill prices are the average prices of non-water facing, lower level units. (We decided to include this tower as it is comparable to the Gables club, but no water facing units were sold in recent months)
These are the most commonly asked Google Real Estate Related questions
1. What are the Current Best New Condos in Miami?
If you want to hear in more details our opinions on the best new Miami new construction condos. Please read this article:Best New Construction Condos 2022-2023.
2. What is the best New Construction Condo in Fort Lauderdale?
In our opinion, the Residences at Pier Sixty-six are certainly the most interesting and unique. Already well underway this 32 Acre project will be home to the first of its kind Marina where owners will be able to anchor up vessels up to a staggering 400 ft! For specifics of this project see our independent review of this project.
3. How can I compare the new luxury construction Condos to the best existing Luxury Condos in Miami?
Our Best Luxury Condos in Miami article will prove to be very useful to those looking to compare the existing to the new. You may also want to watch this video which shows the performance of the best Condos in Miami over the last 15 years!
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