Lifestyle

Community spotlight: Coral Gables

Luxury home market boasts lively downtown, quality schools
  • The University of Miami is the city's largest employer.
  • The city's downtown is four blocks wide by two miles long.
  • Homes values in the city are predicted to slightly decline during the next 12 months.

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Developed in the 1920s by George Merrick, Coral Gables is considered one of the first planned communities and a precursor to gated communities and HOAs. Today the city of roughly 50,000 is known mostly for its four-block by two-mile long downtown, the University of Miami and luxury homes. The city's largest employer, the University of Miami boasts an enrollment of nearly 17,000 students. The university is also responsible for a noticeable portion of development activity in the city. Two upcoming construction projects include a 845-space parking garage and a new health center. Both projects have received permits, according to the city's website. Other notable, permitted projects upcoming within Coral Gables include a hotel and a mixed-use building located on LeJeune Road and Ponce de León Boulevard, respectively. The later mentioned boulvevard intersects the city's downtown. Housing market in Coral Gables According to Realtor.com, the median list price for a home in C...