What $6 to $9 Million Will Buy

April 2020

The Coral Gables housing market has slipped slightly over the past year, but the prognosis is good. While prices are down 0.8 percent from last year, Zillow predicts that prices will rise 2.8 percent by 2021, so now might be a good time to buy. Currently, the median value of a home in Coral Gables is $797,290 – more than twice the median home value for Miami-Dade County as a whole ($302,600). The median price per square foot ($454) is also almost twice the Miami-Fort Lauderdale-West Palm Beach average ($230).To see what $6 to $9 million would buy today, we asked three real estate agents to submit one of their homes for sale in that price range.

On the Gables Waterway

287 Las Brisas Court

Listing Price: $7.875 million

6 bed/7 bath/3 car garage 6,389 sq. ft.

Located in the Islands of Cocoplum, this house is designed by an award-winning architect in the Polynesian Contemporary style. The residence, set back from a cul-de-sac, offers no-bridge access to Biscayne Bay. It has a living green wall, reflection pools, glass front door and a double-height glass stair atrium. Listing Agent: Tere Shelton Bernace (Shelton and Stewart Realtors), 305.607.7212

Living Large Off Old Cutler

4850 SW 88th Street

Listing Price: $6 million

6 bed/7.5 bath/pool 7,989 sq. ft.

Located in leafy South Gables, not far from Gables Estates, this is a modern, light-filled classic. With white marble floors and impact glass throughout, the chef’s kitchen with pantry room has a double oven and large double-door refrigerator. With descending staircase and working fireplace, the house boasts a four-car garage and large patio with built-in custom-made summer kitchen. Listing Agent: David Siddons (Douglas Elliman Real Estate), 305.508.0899

Oasis in the Sky

60 Edgewater Drive, Unit TS-E

Listing Price: $8.75 million

3 bed/7 bath 8,000 sq. ft.

This two-story condominium has incredible views in all directions and enormous entertainment areas as well as more intimate areas, including den with wood paneling and fireplace. Within the unit is a gourmet kitchen, a private gym, a movie theater, and a second bar and kitchen upstairs for simpler family gatherings. Listing Agent: Sheila Freed (Coldwell Banker Realty), 305.793.0005