Homes in Coral Gables – What $1.5 to 2M Will Buy

The average price for a home in Coral Gables is now $2.3 million, according to Ron Shuffield, the CEO of BHHS EWM Realty. That is a 25 percent rise from year ago, when it was $1.85 million. The problem, he says, is that demand is outstripping supply. In October, there were 124 single family Gables homes for sale. A year earlier there were 306. Does that mean you should hold off buying? “The prices probably won’t drop,” says Shuffield. “We have landed on a higher plateau.” To see what $1.5 to $2 million buys today, we asked two real estate agents to submit one of their homes for sale in that price range. 

Two Stories, Charleston Style 

1015 Bayamo Ave. 
Listing Price: $2.15m 
4 bed/4 bath. Pool. 3,317 sq. ft. 

Homes in Coral Gables
1015 Bayamo AveListing Price: $2.15m 
1015 Bayamo AveListing Price: $2.15m   

Homes in Coral Gables
1015 Bayamo AveListing Price: $2.15m 

This elegant, South Gables home has an antebellum feel to its backyard, with an upstairs master bedroom overlooking the large pool (with brick pavers) from a private veranda. French glass doors from the family room (with fireplace) also lead to the pool, which is framed by a wing of additional bedrooms. Listing Agent: Ashley Cusack (BHHS EWM Realty), 305.798.8685 

Contemporary in the Central Gables 

637 Palmarito Court 
Listing Price: 1.549m 
3 bed/2.5 bath. Pool. 2,920 sq. ft. 

Homes in Coral Gables
637 Palmarito Court Listing Price: 1.549m 
637 Palmarito CourtListing Price: 1.549m 

Homes in Coral Gables
637 Palmarito CourtListing Price: 1.549m 

Located in “the Golden Triangle of Coral Gables” a block from the public library and University Park, this contemporary home has floors of marble and natural wood, and 12-foot ceilings in the main living area. It also has a free-form pool with a jacuzzi, a one-car garage, impact windows and a full generator. Listing Agent: Mercedes E. Hernandez (Coldwell Banker Realty), 305.609.4602