Gerry Willis of FOX Business on the demand for luxury real estate.
Coral Gables is a city in Florida that offers the benefits of the state’s warm climate and low taxes, access to neighboring Miami and the green and peaceful tranquility of a smaller community.
Could it be your next home?
Nicknamed “The City Beautiful”, Coral Gables is one of the first examples of a planned community incorporated in 1925. Its houses feature Mediterranean-style revival architecture, and the city has been carefully planned around a main thoroughfare and with green spaces designed by Frederick Law Olmstead, who also designed New York’s Central Park.
Coral Gables is located southwest of Miami. It is the home of the University of Miami and the headquarters of companies like Fresh Del Monte Product and Bacardi USA.
The rich community is also home to several celebrities. Some of those who allegedly bought houses there include Jennifer Lopez and Alex Rodriguez, Timbaland and Pharrell.
Many houses in the city are on the National Register of Historic Places, and its Biltmore Hotel is a national historic landmark.
The average selling price at Coral Gables reached a high of more than $ 1.1 million last September, according to ONE Sotheby’s International Realty. And last month, homes were spending an average of less than 100 days on the market. The number of active listings has dropped from almost 200 from January 2020 to January 2021.
See what you can achieve in Coral Gables, Florida, with a budget of $ 1.5 million:
Alhambra Circle – $ 1,459 million
This home in Coral Gables is asking for $ 1,459 million. (Sotheby’s International Realty)
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This home is on a huge lot one block from a golf course.
The 2,718-square-foot home includes four bedrooms, three bathrooms and a half bath, according to Cristina Soler’s listing.
This home in Coral Gables is asking for $ 1,459 million. (Sotheby’s International Realty)
The house has a foyer with a vaulted ceiling. The living room has a fireplace and is open to the family room and formal dining room. There are marble floors on the lower floor and wooden floors on both levels.
Two bedrooms are on the main floor, while the master suite and a second suite are upstairs.
This home in Coral Gables is asking for $ 1,459 million. (Sotheby’s International Realty)
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Outside, the property has a patio and swimming pool, as well as an extra large garage for two cars.
Giralda Place – $ 1.25 million
This condo is listed for $ 1.25 million in Coral Gables. (Ander & Co)
This two-storey townhouse on the seventh floor offers great views and amenities.
The 1,783 square foot home has two bedrooms, two bathrooms and a guest toilet, according to Eduardo Pruna’s listing.
This condo is listed for $ 1.25 million in Coral Gables. (Ander & Co)
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The house features an open floor plan with floor to ceiling windows. The kitchen has a counter and marble floors extend across the kitchen and the living room.
The master suite offers views of downtown Coral Gables. The bathroom includes a large shower and a separate bathtub.
This condo is listed for $ 1.25 million in Coral Gables. (Ander & Co)
This condo is ready to move in. It is fully furnished.
The house includes a private elevator entrance that skirts the main lobby of the condominium building, but also offers direct access to the pool and leisure deck.