What $4 to $5 Million Will Buy in Coral Gables

Coral Gables has some of the most valuable real estate in South Florida. As Forbes Magazine puts it, “Coral Gables has long set the high bar for luxury real estate,” with a median home value of $766,600, more than twice the median home value for Miami-Dade County as a whole. The median price per square foot ($451) is also more than twice the Miami-Fort Lauderdale-West Palm Beach average of ($221). To see what $4 to $5 million would buy today, we asked three real estate agents to submit one of their homes for sale in that price range – give or take a few hundred thousand dollars. Here is what they came up with, in different Gables locations.

Lush Bermuda Style

730 Calatrava Ave.

Listing Price: $4.5M

6 bed/8 bath 8,418 sq. ft.

Set on a double lot just in from Old Cutler Road, this spacious house with 12-foot ceilings is lavishly landscaped – with a natural hammock in the backyard. The house has a 3-car garage, elevator, chef’s kitchen with butler’s pantry, and limestone and wood floors throughout. Master suites both upstairs and down. Listing Agent: Michelle Cremata (Coldwell Banker Residential Real Estate) 786.344.5861

Boater’s Dream

12891 Deva St.

Listing Price: $5.0M

5 bed/4 bath/1 half bath/pool 4,575 sq. ft.

On a cul-de-sac in gated Gables by the Sea, this contemporary home (2001) has direct access to the ocean. Lots of light, with floor-to-ceiling hurricane impact windows. Out back is a huge covered deck, backyard and play area. The rooftop offers excellent views. Also features an elevator and heated lap pool. Listing Agent: Roberto A. Tercero (Douglas Elliman Real Estate), 305-343-4383

High Elegance

7270 W. Lago Drive

Listing Price: $4.185M

5 bed/5 bath/1 half bath/pool 5,784 sq. ft.

Located in the Islands of Cocoplum, this is a contemporary house dressed in Mediterranean style, with double-height ceilings in the foyer and living room. Large master suite on the second floor with huge terrace, walk-in closet, and vast bathroom. Lovely wood and marble floors, three-car garage and salt-water heated pool; 97-feet of waterfront. Listing Agent: Consuelo Stewart (Shelton and Stewart Realtors) 305.216.7348