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Coral Gables
Coral Gables

FL

Coral GablesCity Guide

Merrick's Mediterranean grid, the Biltmore tower, banyan tunnels and a Michelin star.

Population~49,600
Incorporated1925
Median sale price$1.46M
Median rent$3,550/mo
Walk Score56
Tree canopy58%

Coral Gables is a 12.9-square-mile city south-west of downtown Miami, incorporated on April 29, 1925 by developer George Merrick as one of the first fully planned cities in the United States. Merrick wrote the City Beautiful movement into the zoning code: Mediterranean Revival was mandated for nearly every building, streets got Spanish names on white coral-rock markers instead of signs, and entrances were marked with stone gates. A century on, the Census estimates 49,578 residents (July 2025), a Board of Architects still reviews exterior changes, and the city reports a 58% tree canopy with about 39,000 public trees, among the highest of any Florida city by its own count. Browse homes for sale in Coral Gables to see what that code produces: cream stucco, barrel-tile roofs and lots shaded by banyans planted in the 1920s.

Is Coral Gables a good place to live?

For families, University of Miami faculty and professionals who want a house with a yard inside the urban core, yes, with a clear price of entry. The ACS 2020-2024 puts median household income at $134,216, owner-occupancy at 64.5%, median age at 39.1, and the population at 56.6% Hispanic and 37.7% foreign-born. The city runs its own police (191 sworn officers) and fire departments, has held its millage flat at 5.559 for twelve straight years, and reported more than 150 new businesses in 2026 alongside City National Bank moving roughly 800 head-office staff downtown. The trade-offs are real: the citywide Walk Score is 56, so outside the Miracle Mile core you drive; exterior paint colours, windows and fences need city approval; and even a modest two-bedroom condo costs more than a house in most of Miami-Dade.

Coral Gables vs Coconut Grove, Pinecrest and South Miami

As of August 2026 the Coral Gables median sale price was $1,455,000, against $2,525,000 in Coconut Grove next door, $2,425,000 in Pinecrest to the south, $840,000 in South Miami, $1,550,000 in Key Biscayne and $585,000 across the City of Miami. The Grove sells bayfront and village bohemia at a higher price per foot; Pinecrest sells acre lots and no downtown; South Miami is the value play with a smaller commercial strip. Coral Gables is the one that pairs a real, trolley-served downtown with historic single-family streets, and it is home to Shingo, one of a handful of Michelin-starred restaurants in Miami-Dade.

What's changing in Coral Gables in 2026

The Venetian Pool reopened on December 9, 2025 after a $6 million restoration. The Underline's three-mile Coral Gables section, from Douglas Road station to Stanford Drive, is opening in phases through late 2026. The fourth and final Link at Douglas tower broke ground in June 2026 beside the Metrorail station, taking that transit-oriented cluster to 1,557 apartments. Downtown, construction of the $70 million Mobility Hub at 245 Andalusia Avenue is scheduled to start in October 2026, and the city is planning a 5.5-acre Centennial Park on the former Lee Lincoln site as its largest park. New condo stock is thin and recent: The Avenue Coral Gables completed in 2025 and Merrick Manor in 2019, while most of the waterfront towers on Edgewater Drive, such as Gables Waterway Towers, date from 1968 to 1970.

Condo buyers: the August 2026 median monthly fee on sold Coral Gables condos was $1,331, about $1.17 per square foot and up 44% year-over-year as older towers fund reserve studies and repairs required by Florida's post-Surfside condo laws. Ask for the structural integrity reserve study and the last two years of special assessments before you offer. House buyers: check your exact address on the city's Forerunner flood-zone tool; the bayfront and canal streets off Old Cutler Road carry flood insurance requirements the inland historic core mostly does not.

Coral Gables is the part of Miami that was designed before it was built: a 1925 plan still enforced block by block, with a Michelin star, a free trolley and 39,000 city-owned trees to show for it.

“The goal is not growth for growth's sake.”

— Mayor Vince Lago, State of the City address, September 2026

Key Details

What makes Coral Gables special

What to Expect

A 12.9-square-mile planned city of about 49,600 people where a 1925 Mediterranean Revival code still governs what gets built, and a Board of Architects reviews exterior changes down to paint colour. The core is a real downtown along Miracle Mile, Giralda Plaza and Ponce de Leon Boulevard; everything else is low-density residential under a 58% tree canopy, stretching south along Old Cutler Road to gated bayfront enclaves. Median age is 39.1, 56.6% of residents are Hispanic, 64.5% own their homes, and Spanish is heard as often as English on the Mile.

The Market

As of August 2026 the median sale price was $1,455,000 at $756 per square foot, up 6.8% year-over-year on price while price per foot slipped 7.7%; the median sale took 104 days (up 18.9%) and sellers accepted a median 94.3% of asking. Over the 12 months to September 2026, medians ran $386,450 for one-bedrooms, $610,000 for two, $1,545,000 for three, $2,770,000 for four and $4,100,000 for five, with six-bedroom estates at $7.6 million. Buyers hold the leverage: 1,233 active listings against 32 August sales, 488 of them already price-cut by a median 6.25%.

Cost of Ownership

The August 2026 median condo fee on sold units was $1,331 a month, about $1.17 per square foot, up 44% year-over-year; gross rental yield was 2.9% on a $3,550 median monthly rent, among the lowest in Miami-Dade because prices run so far ahead of rents. The city millage is 5.559 for the twelfth straight year in the $323.3 million FY2026-27 budget, and the city ranks tenth-lowest for total millage among Miami-Dade municipalities, roughly $5,629 in city tax on the average homesteaded value of $1.01 million (versus about $7,454 in Miami). Bayfront and canal homes need flood insurance under Risk Rating 2.0; check the address on the city's Forerunner tool.

Districts

Central Business District: Miracle Mile, Giralda Plaza and the Ponce corridor, the walkable core, with the Mobility Hub under construction from October 2026. North Gables: 1920s cottages and small apartment blocks near Douglas Road station and the Link at Douglas towers (Walk Score 87). Country Club section: Merrick-era homes around the Granada Golf Course, the 1922 Country Club and the DeSoto Fountain. Merrick Park and the Crafts Section: bungalows beside the Shops at Merrick Park, the city's highest Walk Score at 93. Riviera: mid-century ranches and new builds around the University of Miami. Ponce-Davis and Snapper Creek Lakes: acre lots and a gated waterfront enclave with its own marina. Cocoplum and Gables Estates: gated bay and canal estates off Old Cutler, the most expensive addresses in the city. Old Cutler, Hammock Oaks, Gables by the Sea and Deering Bay: the canopy road past Matheson Hammock and Fairchild, ending in a gated golf-and-marina community at the southern tip.

Who It's For

Families who want top-rated public elementaries and a yard within 20 minutes of Brickell, University of Miami faculty and medical staff, Latin American buyers who want an established, Spanish-speaking, architecturally consistent city, and estate buyers who want bay access without living on the barrier island. It is a harder fit for anyone who wants nightlife past midnight (there is little beyond Giralda), for car-free living outside the Crafts, Douglas and downtown pockets, for buyers who want to remodel freely (the Board of Architects will have opinions), and for investors: a 2.9% gross yield does not cover a mortgage.

Getting Around

The free Coral Gables Trolley runs Monday to Saturday, 6:30am to 10pm, on the Ponce de Leon and Grand Avenue routes from Douglas Road Metrorail, carrying more than a million riders a year; a Southern Loop pilot to Red Road via the University of Miami launched in November 2025 with a continuation decision due around November 2026. Metrorail's Douglas Road and University stations put Brickell about 15 minutes away and Government Center about 20. Miami International Airport is roughly 5 miles and 20 minutes north on LeJeune Road. Walk Score is 56 citywide (Transit 38, Bike 56), rising to 93 in the Crafts Section and 87 around Douglas Road. The Underline's Coral Gables section, with a dog park at 4500 Ponce, pickleball courts and an amphitheatre at Stanford Drive, opens in phases through late 2026.

Schools

Miami-Dade County Public Schools earned an A district grade for the seventh straight year in July 2026. GreatSchools' 2026 ratings give Coral Gables Preparatory Academy (PK-8), George Washington Carver Elementary and Middle, the UM-affiliated Henry S. West Laboratory School (K-8) and Somerset Gables Academy charter a 10 out of 10 each; Ponce de Leon Middle rates 6 and Coral Gables Senior High, the zoned high school with an International Baccalaureate programme, rates 5. Private options inside the city include St. Theresa (Catholic, PK-8), St. Philip's Episcopal (PK-5) and Riviera Schools (PK-12), with Gulliver Prep in Pinecrest and Carrollton in Coconut Grove nearby. The University of Miami's 453-acre main campus enrolled 20,104 students in fall 2025 and its Lowe Art Museum is free to visit.

Storm Risk & Climate

The city sits between sea level and about 10 feet of elevation. The bayfront and canal neighbourhoods along Old Cutler Road (Cocoplum, Gables Estates, Gables by the Sea, Deering Bay) sit in FEMA's high-risk flood zones and need flood insurance; the inland historic core is mostly outside them, but the city asks every buyer to look up the exact address on its Forerunner tool. The FY2026-27 budget carries $5 million for sea-level-rise mitigation and $6.2 million for sewer projects on top of the Cocoplum pump station. Miami-area climate models (ClimateCheck, First Street data) give buildings roughly a 73% chance of a 1.7-foot flood over 30 years and project days above 92°F rising from about seven a year in 1990 to about 89 by 2050. As of September 21, 2026 the hurricane season had produced no watches or warnings for South Florida.

Recently Listed

For Sale in Coral Gables

NEW
5902 SW 105TH ST - 125
$10,600,000
6bd7ba7,050sqft
5902 SW 105TH ST
MLS A120970441 day ago
NEW
3416 SW 16TH ST - 128
$849,000
3bd2ba1,409sqft
3416 SW 16TH ST
MLS A121008011 day ago
NEW
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$699,000
2bd2ba1,174sqft
1607 PONCE DE LEON BLVD, Unit 9A
MLS A121021311 day ago
NEW
Image not found
$1,449,000
3bd2ba2,009sqft
1209 LA MANCHA AVE
MLS A121003441 day ago
NEW
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$4,290,000
5bd5ba3,284sqft
4100 HARDIE AVE
MLS A120997601 day ago
NEW
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$1,125,000
3bd3ba2,191sqft
3657 SW 23RD TER, Unit 3655
MLS A121004311 day ago

Recently Listed

For Rent in Coral Gables

NEW
11001 OLD CUTLER RD - 1102
$19,500
5bd5ba5,716sqft
11001 OLD CUTLER RD
MLS A121029121 day ago
NEW
14640 SNAPPER DR - 159
$6,900
4bd2ba2,592sqft
14640 SNAPPER DR
MLS A121029111 day ago
NEW
43 MALAGA AVE - 141
$6,800
3bd2ba1,331sqft
0 - 43 MALAGA AVE
MLS A121003271 day ago
NEW
532 SW 44TH AVE - 124
$4,999
4bd3ba1,318sqft
0 - 532 SW 44TH AVE
MLS A121027931 day ago
NEW
90 EDGEWATER DR, Unit PH15 - 127
$5,250
2bd2ba1,373sqft
90 EDGEWATER DR, Unit PH15
MLS A121028151 day ago
NEW
Image not found
$2,300
0bd1ba700sqft
3180 SW 22ND TER, Unit 1003
MLS A121013561 day ago

Lifestyle & Highlights

The best of Coral Gables

Where to Eat

Coral Gables holds a 2026 Michelin star, two Bib Gourmands and a half-dozen recommended rooms, most of them within four blocks of Giralda Plaza.

Shingo

Shingo

Coral Gables' only Michelin star, retained in the 2026 Florida guide: Osaka-trained Shingo Akikuni runs a 14-seat omakase counter in the 1924 La Palma building with fish flown almost entirely from Japan.

112 Alhambra Cir, Coral Gables, FL 33134
$$$$OmakaseMichelin star
Zitz Sum

Zitz Sum

Pablo Zitzmann's borderless dumpling house, a 2026 Michelin Bib Gourmand: Niman Ranch short-rib dumplings and tamarind-black-garlic har gow, dinner Tuesday to Saturday.

396 Alhambra Cir Ste 155, Coral Gables, FL 33134
$$DumplingsBib Gourmand
Luca Osteria

Luca Osteria

Giorgio Rapicavoli's Michelin-recommended osteria on the pedestrian plaza: handmade pastas, seasonal menus and the biggest patio on Giralda.

116 Giralda Ave, Coral Gables, FL 33134
$$$ItalianPatio
Eating House

Eating House

Rapicavoli's original modern-American room, dinner Wednesday to Sunday with weekend brunch; still on the Miami Spice roster in 2026.

128 Giralda Ave, Coral Gables, FL 33134
$$$Modern American
Bouchon Bistro

Bouchon Bistro

Thomas Keller's French bistro in the 1924 La Palma courtyard: bistro classics with caviar and truffle upgrades in a room that sits between formal and casual.

2101 Galiano St, Coral Gables, FL 33134
$$$$French
Daniel's Miami

Daniel's Miami

The Fort Lauderdale steakhouse's second location, in the former Fiola space near the university, Michelin-recommended within six months of opening for Florida-ranch steaks.

1500 San Ignacio Ave, Coral Gables, FL 33146
$$$$Steakhouse
MIKA

MIKA

Chef Michael White's first standalone Florida restaurant, at The Plaza Coral Gables: coastal-Riviera crudos, pasta and steak.

3007 Ponce de Leon Blvd, Coral Gables, FL 33134
$$$$Mediterranean
Mottai

Mottai

Opened February 2026 at The Plaza: modern Japanese from Brazil's Attivo Group, with Brian Nasajon directing the kitchen and sushi chef Hiroshi Shintaku at the counter.

2881 Ponce de Leon Blvd, Coral Gables, FL 33134
$$$$JapaneseNew 2026
Caffe Abbracci

Caffe Abbracci

The 1989 white-tablecloth Italian still run on founder Nino Pernetti's brand of hospitality; the room locals book for anniversaries and closing dinners.

318 Aragon Ave, Coral Gables, FL 33134
$$$ItalianInstitution
Frenchie's Diner

Frenchie's Diner

A chalkboard-menu French bistro in a tight side-street room: onion soup and duck confit done properly, at side-street prices.

2618 Galiano St, Coral Gables, FL 33134
$$French bistro
Christy's

Christy's

Coral Gables' oldest steakhouse, open since 1978: prime rib and aged steaks in a dark, Mad Men-era room.

3101 Ponce de Leon Blvd, Coral Gables, FL 33134
$$$$SteakhouseSince 1978
RÒ Steakhouse

RÒ Steakhouse

Inventive steakhouse in a cave-like room at the base of Alhambra Towers: dry-aged cuts, a raw bar and a rib eye priced below its neighbours.

121 Alhambra Plaza, Coral Gables, FL 33134
$$$$Steakhouse

Frequently Asked Questions

Common questions about Coral Gables

Talk to a Coral Gables specialist

From Mediterranean Revival homes around the Granada golf course to bayfront estates in Cocoplum and condos on Ponce, our agents know which Coral Gables streets fit your budget and flood zone. Tell us what you're looking for.