Living in Coral Gables, FL
Miami-Dade County
Coral Gables is a planned city, not an organically grown one -- developer George Merrick laid it out in the 1920s as a City Beautiful showcase of Mediterranean Revival architecture, wide tree-canopied boulevards, and coral-rock construction, and a strict architectural review code still governs new building today. The University of Miami's main campus sits inside city limits, and downtown's Miracle Mile gives Coral Gables a genuinely walkable core that most of its South Florida neighbors lack. It is also the most expensive city in this batch by a wide margin, with a citywide median near $1.7M that still conceals a large range from historic bungalow blocks to waterfront estates.
Explore Coral Gables in depth
- Moving to Coral Gables: Pros, Cons & What to Know
- Cost of Living in Coral Gables
- Housing in Coral Gables
- Taxes & Insurance in Coral Gables
- Climate in Coral Gables
- Schools & Families in Coral Gables
- Healthcare & Safety in Coral Gables
- Pros and Cons of Living in Coral Gables
- Best Areas to Live in Coral Gables
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Learn moreHousing
Down 0.06% YoY at that snapshot; $822/sqft, up 10.3% YoY. Neighborhood variance is enormous even within the city -- Central Gables ran $593K in the same window while Gables by the Sea ran $4.3M -- so this citywide figure blends genuinely different submarkets and should be read as directional.
Taxes
Not independently sourced at the Miami-Dade County level this session. Florida carries no income tax statewide. See the Florida hub page for the statewide property tax context -- do not treat that figure as Coral Gables-specific.
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Get local guidanceThe tradeoffs
Pros
Historic Mediterranean Revival architecture and a walkable downtown core that's rare in car-dependent South Florida; University of Miami's campus is inside the city, not a commute away.
Cons
The most expensive city in this batch, with a $1.7M citywide median that puts most of the housing stock well out of reach for first-time buyers; strict architectural review can limit renovation flexibility.
Who this fits
Best for: Luxury buyers and families drawn to historic architecture, top-tier schools, and walkable urbanism who have the budget for it.
Maybe not for you if: Budget-conscious buyers should look at Homestead or Hialeah in this batch instead -- Coral Gables prices at the very top of the Miami-Dade market.
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