Miami
Coral Gables
Miami-Dade's Beautiful City, with Mediterranean architecture protected since 1925

Coral Gables

A historic city with active architectural control, a $134,216 median household income and zero new construction

Coral Gables is a city of about 50,600 residents, incorporated in 1925 by George Merrick as "The City Beautiful," one of the first planned communities in the United States. Its Mediterranean architecture — arches, courtyards, tile roofs and coral rock — still undergoes active design review through the city's Board of Architects. Its condo market is entirely resale, with a median price of $625,000 and an entry point of $277,900 at the 10th percentile.

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Listings

Available properties in Coral Gables

A selection of active listings in Coral Gables, updated in real time.

Listings via IDX (BeachesMLS / Miami Association of REALTORS®) through Trestle/CoreLogic. Information deemed reliable but not guaranteed.

Why this area

What makes Coral Gables unique

Coral Gables was designed in 1925 by George Merrick together with architects Phineas Paist and Denman Fink, with canals inspired by Venice's waterways and a Mediterranean design code the city still enforces today through its Board of Architects. It's one of South Florida's highest-median-income cities, at $134,216 a year.

If you're investing

  • Active architectural control since 1925: every facade goes through design review, protecting the area's character and value long-term.
  • A 100% resale market — zero new-construction condos active today — in a fully built-out city with no new-supply pressure.
  • A median household income of $134,216, among the highest in South Florida, sustaining demand from high-net-worth buyers.

If you'll live here

  • Protected Mediterranean architecture throughout the city: arches, courtyards and tile roofs along canals inspired by Venice.
  • University of Miami anchors the city's academic and institutional life, with steady demand for nearby housing.
  • Riviera Country Club, a private 1924 golf course designed by Donald Ross, sustains an established country-club lifestyle.
Where to invest

Best places to invest in Coral Gables

Coral Gables' highest-demand segments:

Resale condo
Resale

Resale condo

Median price of $625,000, in a city with no active new construction.

Mediterranean architecture
History

Mediterranean architecture

Protected design since 1925, with active review from the city's Board of Architects.

Proximity to University of Miami
Institutional

Proximity to University of Miami

Steady housing demand tied to the campus.

Buy

Options to buy in Coral Gables

Condo near Miracle Mile

Coral Gables' historic commercial corridor, steps from restaurants and shops.

Condo near University of Miami

Steady demand tied to the campus, among the city's busiest areas.

Condo in a historic residential area

Protected Mediterranean architecture, on tree-lined streets along the city's canals.

Rent

Options to rent in Coral Gables

Annual rental

Professionals and institutional tenants tied to University of Miami and the area's high household income.

Executive rental

Proximity to corporate offices and the Biltmore, with a high-net-worth tenant profile.

Furnished rental

Foreign buyers who want flexibility before deciding where to live permanently.

Location

Location and connectivity

  • Miracle Mile and the historic downtown, the city's commercial heart.
  • The Biltmore Hotel, a historic 1926 hotel and one of Florida's grand hotel landmarks.
  • Venetian Pool, a public pool carved from a coral rock quarry in 1924, on the National Register of Historic Places.
  • University of Miami, anchoring the city's academic and institutional life.
  • 15 minutes from Brickell and 10 minutes from Miami International Airport.
FAQ

What every investor asks

The city is fully built out, with a Mediterranean design code active since 1925 that protects its architecture. Today 100% of the active condo inventory for sale is resale.

The median price is $625,000, with units starting at $277,900 at the 10th percentile. We can send you current availability based on what you're looking for.

Both: condos make up 38% of active inventory for sale, and the rest are houses. If you're looking for a condo, filtering by property type matters in this area.

Yes. International buyers can purchase property without being U.S. residents or citizens. Financing alternatives exist for foreigners depending on the buyer's profile and the property type; we help you access those options.

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