Coral Gables Real Estate: A Taste of the Mediterranean in Florida

Coral Gables Homes

Coral Gables Condos

Coral Gables MLS

by Courtney Ronan

Coral Gables real estate features some of its finest homes in Gables Estates, a community consisting of 192 lots. With easy access to Miami International Airport, the University of Miami, Biscayne Bay and the City of Miami, Coral Gables is one of South Florida's finest communities.

Just south of Miami, Coral Gables, Florida, is a city of 41,000 residents who enjoy close proximity to one of America's busiest and most culturally diverse hubs. A strong dedication to architectural aesthetics and restoration has resulted in the preservation of one of South Florida's most beautiful cities. High residential real estate values attest to the city's draw not only for new Floridians, but also for residents of Miami, many of whom are overflowing into Coral Gables to escape the comparative hustle and bustle of that much larger metropolis.

Coral Gables Florida

Coral Gables Real Estate - Arial View

Coral Gables Real Estate Market Value

Given Coral Gables' strong economy, the residential real estate market is thriving despite the market's asking prices, which are expensive. The average price for a single-family home (containing 3 or 4 bedrooms) ranges from $200,000 to $750,000. Smaller-sized homes aren't likely to give your budget much of a break; the average two-bedroom townhome in Coral Gables ranges from $175,000 to $300,000; and the average two-bedroom condominium will run you anywhere from $150,000 to $295,000.

Coral Gables Real Estate - Colonnade Hotel

Coral Gables Community

In addition to a strong local economy and progressive, diverse and educated populace, Coral Gables offers its residents an environment in which city developers and leaders take great care to promote the ongoing maintenance of the city's historic structures and its surrounding landscape. As long as all of these elements are in place, it's likely that property values will remain high in Coral Gables. This architectural gem of South Florida is likely to remain one of the state's strongest real estate markets well into the 21st century.

Courtney Ronan is a freelance writer who contributes a weekly column profiling various communities. She also writes a weekly review of real estate related web sites. Courtney's career in journalism has included recent stints as managing editor of Agent News and as associate editor of Texas Business magazine.