Buying a Home in Coral Gables for $33.5 Million and $45 Million

What $33.5 Million and $45 Million Will Buy in Coral Gables 

Residential real estate in Coral Gables continues to rise in price, making it among the most valuable in South Florida. According to Redfin, the average home in Coral Gables now costs $835,000, up 23.7 percent from last year. What is more remarkable is the brisk pace of sales for homes at the top of the market. There are typically only a handful of houses that sell for stratospheric prices each year; this year has seen a score of such sales already, from Don Peebles’ home on Old Cutler Road for $13 million to Marc Anthony’s home in Cocoplum for $22.4 million (see page 20). Here are two examples of houses on the market today. 

Modern Gables Estate 

390 Casuarina Concourse 
Listing Price $33.5m
8 bed/11 bath. 9,125 sq. ft. 

On 1.42 acres in Gables Estates, this newly built home with 200 feet of waterfront was designed by architect Cesar Molina as a one-story, resort-style estate. The front courtyard is built around a specimen banyan tree, expansive windows allow for sunlight, and a spacious entertainment area extends to the covered terrace. His and hers bathrooms off the master suite. 

Listing Agent: Marilda Fernandes (Compass), 305.213.1251 

Waterfront Haven 

8585 Old Cutler Road 
Listing Price $45m 
7 bed/8 bath/1 half bath. 16,212 sq. ft. 

Located on four acres of land, this compound has it all: Gourmet kitchen, breakfast area, formal dining room, home theater, lush gardens, luxurious bathrooms, wine cellar, spa, game room, summer kitchen, tennis courts, and a large lap pool. Did we mention a dock on 205 feet of waterfront and no bridges to the bay? 

Listing Agent: Judy Zeder (Coldwell Banker), 305.613.5550