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.

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.