Coral Gables
About Coral Gables
Pros & Cons
Top 3 Things To Do
Median Price
The Location
Day & Nightlife
Walk Score
Comparable Neighborhoods
Demographics
About Coral Gables
Coral Gables, AKA the Gables. A Mediterranean Oasis in The Magic City.
Description of the Neighborhood:
Coral Gables, a distinguished enclave in Miami, radiates elegance with its Mediterranean-inspired architecture, tree-lined avenues, and a harmonious blend of upscale living and cultural richness.
This meticulously planned community exudes a timeless charm that sets it apart as a city within a city.
Pros & Cons
PROS:
Mediterranean Elegance:
This area of Miami boasts a unique architectural identity with its Mediterranean-inspired homes and meticulously planned urban spaces.
Cultural Institutions:
The city is home to cultural landmarks such as the Biltmore Hotel, the Coral Gables Museum, and the University of Miami, enriching the community’s cultural fabric.
Family-Friendly Environment:
The community prioritizes green spaces, excellent schools, and a range of family-oriented activities, creating a welcoming atmosphere.
CONS:
Higher Cost of Living:
The upscale nature of Coral Gables comes with a higher cost of living, making it one of the more expensive areas in Miami.
Limited Nightlife:
While there are quality dining options, Coral Gables is not known for a bustling nightlife scene compared to some other Miami neighborhoods.
Top 3 Things To Do
Top 3 Things to Do in the area:
Venetian Pool:
Experience the historic Venetian Pool, a picturesque swimming venue created from a coral rock quarry.
Miracle Mile Shopping:
Explore Miracle Mile, known for its upscale boutiques, art galleries, and diverse dining options.
Fairchild Tropical Botanic Garden:
Immerse yourself in the lush beauty of the Fairchild Tropical Botanic Garden, a haven for plant enthusiasts.
Median Price
Median Residential Rent:
Residential rentals in Coral Gables range from $2,500 to $6,000 per month, reflecting the city’s reputation for upscale living and well-preserved historic properties.
Median Residential Sale:
The median residential sale price in Coral Gables is notably high, often surpassing $1 million. The real estate landscape features a mix of Mediterranean-style villas, historic estates, and modern luxury residences.
Median Commercial Rent:|
Commercial rental rates in Coral Gables vary based on location, with median prices ranging from $35 to $60 per square foot. The city’s upscale ambiance attracts businesses seeking a sophisticated and well-established environment.
Median Commercial Sale:
Commercial properties in Coral Gables have a median sale price ranging from $400 to $800 per square foot, emphasizing the city’s allure for businesses looking for a premium location.
Data as of 12/2023 researched by RealFeed Research Department.
The Location
Situated southwest of downtown Miami, Coral Gables is renowned for its grand boulevards, historic landmarks, and upscale residences. This meticulously planned city boasts a unique character, offering a mix of luxury estates, fine dining, and cultural institutions. The city’s central location provides easy access to Miami’s key areas while maintaining an exclusive and tranquil atmosphere.
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Day & Nightlife
What’s Happening?
Coral Gables offers a sophisticated daytime atmosphere, perfect for exploring historic landmarks, upscale shopping, and cultural institutions.
As the sun sets, the city’s dining scene takes center stage, offering diverse culinary experiences. While not known for a bustling nightlife, Coral Gables provides refined and upscale venues for those seeking an elegant evening out.
Walk Score
Very walkable neighborhood. Lots to see.
4071 Southwest 2nd Terrace
Very Walkable
Comparable Neighborhoods
Comparable areas are;
Coconut Grove:
Embracing a bohemian atmosphere, Coconut Grove shares a focus on historic charm and upscale living.
Brickell:
Located nearby, Brickell offers a cosmopolitan environment with a mix of high-rise residences and vibrant commercial spaces.
Similar Areas
Demographics
Coral Gables attracts an affluent demographic, with residents often comprising professionals, executives, and families seeking a sophisticated yet family-friendly environment.
The city’s commitment to cultural events and education adds depth to its diverse community.