Market Overview: Steady Momentum in a Historic Setting
Coral Gables continues to stand out in 2025 as a market where heritage meets opportunity—especially in the mid‑tier luxury segment. Properties priced between $3M and $6M are setting the pace, with buyers rewarding thoughtful updates and character preservation. Meanwhile, inventory is growing in both $1M–$3M and $6M–$10M brackets, signaling a market that favors precision and presentation.
Luxury Condos Holding Strong
When paired with Coconut Grove, Coral Gables’ luxury condo market continues to outperform. In Q2 2025:
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Condo sales volume rose nearly 9% year-over-year.
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The median condo price climbed 14%, reaching approximately $1.825M.
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Price per square foot increased 5%—to about $855.
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Average days on market dropped to just 53, making it one of Miami’s fastest-selling markets.
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Inventory remains lean at about 12 months, reinforcing its balanced appeal.
Where Growth Is Taking Shape: Spotlight on Merrick Park District
A major zone of transformation is the Merrick Park District (MPD), a once-industrial area now blossoming into a vibrant luxury hub. New projects like Merrick Manor, Cassia Residences (opening early 2027), and Ponce Park are emerging—offering walkable access to shops, dining, and green space while honoring the city’s Mediterranean architectural roots.
Ultra-Luxury Prestige: Gables Estates’ New Crown
Coral Gables now claims America’s priciest neighborhood: Gables Estates. Exceeding Beverly Hills in home value rankings, it includes waterfront estates, private docks, and exclusive security—where new residents pay a $100,000 non-refundable application fee, and homes routinely list above $21 million.
What This Means for Buyers & Sellers
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Content strategy matters: Standout design and storytelling—whether your home is pre‑war or modern—can tip the scales.
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Brand-new developments in walkable hubs like MPD offer fresh options for lifestyle-oriented buyers.
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Ultra-luxury demand remains strong among privacy-seeking, globally mobile high-net-worth individuals.