What $1.25 Million Will Buy in Coral Gables

Coral Gables continues to be a seller’s market, with an ever-shrinking inventory of homes. At the end of February, there were just 202 houses on the market, compared to 614 in February 2008. The condo market also shrank, from 429 to 189 units. “This is the least number of homes for sale since we started keeping records 15 years ago,” says Ron Shuffield, president and CEO of BHHS/EWM Realty, who supplied these numbers. The sweet spot for inventory is homes just over $1 million. To see what $1.25 million would buy today, we asked three real estate agents to submit one of their homes in that price range. 

Urban Condo

642 Valencia Ave.
Listing Price: $1.275 million
3 bed/3.5 bath/2,264 sq. ft.

Just blocks from the downtown, this oversized condominium has elegant finishes, including marble and wooden floors. European style kitchen, plus open living and dining area with balcony providing lots of natural light. The master suite has a private balcony, walk-in closets and spa-like bath. Additional features include a private elevator and impact windows. Listing Agent: Michael Martinez (ONE Sotheby’s International Realty), 305.979.9367.

642 Valencia Ave - What $1.25 Million Will Buy in Coral Gables
642 Valencia Ave.
642 Valencia Ave.

Townhouse Living

527 Anastasia Ave.
Listing Price: $1.395 million
3 bed/3.5 bath/2,976 sq. ft.

Located across from the tennis courts and playing fields of University Park, this elegant townhouse built in 2014 has 10-foot ceilings and an 800-square foot central private terrace. Marble floors throughout and a two-car garage with electric charging station add to amenities that include a gourmet kitchen and Smart House technology. Listing Agent: Alicia Constain (Coldwell Banker Realty), 305.310.6000.

What $1.25 Million Will Buy in Coral Gables - 527 Anastasia Ave.

Historic Home

1301 Asturia Ave.
Listing Price: $1.250 million
3 bed/3 bath/2,455 sq. ft.

Half a block from the southern edge of the Granada Golf Course, this historic home (built in 1928) has an updated kitchen and updated master bath, with impact windows and doors throughout. Preserved are the original old Spanish details, including a sublimely high living room ceiling with fireplace. Lush landscaping with garage and office. Listing Agents: Laura Mullaney & Jane Gomez-Mena (BHHS/EWM Realty), 305.790.1000 & 305.491.6485. 

What $1.25 Million Will Buy in Coral Gables - 1301 Asturia Ave