Residential real estate in Coral Gables continues to be among the most valuable in South Florida, though it is currently something of a buyer’s market. According to Redfin, homes are currently selling for about six percent below list price, and according to Zillow, Gables home values have declined 1.6 percent over the past year. Having said that, the median home value in Coral Gables, at $753,400, is still twice the median home value for Miami-Dade County as a whole. But what can you actually buy for that amount? To see what less than $1 million would buy today, we asked three real estate agents to submit one of their homes for sale in that price range. Here is what they came up with, in different Gables locations.
On the Edge of the Grove
321 Manor Place
Listing Price: $980,000
3 bed/3 bath/pool/3,067 sq. ft.
This vintage (1946) home, with French glass doors leading onto the pool, is heavy with charm: Wooden and tile floors, a working fireplace, and a brick driveway. With a generator and new roof, the house is on a large lot (10,000 square feet) a block from Ingraham Park on the Coral Gables Waterway. Listing Agents: Isabelle Andrews 305.546.5421; Alba Biondi 305.323.2595 (Both BHHS EWM Realty). Photos courtesy of BHHS EWM Realty.
Near the UM Campus
1445 Alegriano Ave.
Listing Price: $899,000
3 bed/2 bath/2,629 sq. ft.
Walking distance to UM (and its Gifford Arboretum), this modern home (built 2005) has plenty of space, including a two-car garage. Set amidst a canopy of trees, it has a warm feeling, with wood-beamed ceilings and an eat-in kitchen with oak cabinets. It is also hurricane ready, boasting impact windows and generator. Listing Agent: Carole Smith (Compass) 305.710.1010. Photos courtesy of AlexTphoto.
In Central Gables
3315 Monegro St.
Listing Price: $975,000
4 bed/3.5 bath/3,067 sq. ft.
This 2-story, corner-lot home is light-filled, with full impact windows and doors. A spacious floor plan with open kitchen leads to living, dining and family rooms. The first floor has a master suite overlooking the garden and en-suite guest quarters. The second floor has two bedrooms plus an open loft area. Listing Agent: Pam Williams (Coldwell Banker Realty) 305.342.3663. Photos courtesy of Coldwell Banker.
Also read: What Less than $2 Million Will Buy