Coral Gables Homes for Sale and Prices

It is the city George Merrick planned — mapped on paper by early 1921 and incorporated on April 29, 1925 — and the plats recorded after it: the lettered sections, Granada, the Country Club Section in six parts, Crafts, Biltmore, the Riviera Section, the Biscayne Bay Section, the Coconut Grove Section and the rest the City's zoning code lists by name. No guardhouse and, almost always, no association: 4 of the 317 sales outside the gated communities reported one. Since 2022, 1,557 of the city's 1,827 single-family sales have been outside the gated communities, 85%.

Two differences show in the same twelve months. Homes outside the gates sold in a median 42 days on market, against 84.5 inside them. And the water is mostly inside the gates: 41 of the 72 gated sales were waterfront, 11 of the 317 outside the gates.

US-1 — South Dixie Highway — crosses Coral Gables from the southwest to the northeast. North of US-1 lie the lettered sections, Granada, the Country Club Section, Biltmore and the Coconut Grove Section; east of US-1, the part of the Riviera Section on that side, the Biscayne Bay Section and, nearer the bay, the gated communities. North of US-1, Coral Gables carries 251 of the 317 single-family sales outside the gated communities in the twelve months to September 29, 2026, by MLS closed sales, on smaller and older lots; east of US-1 the lots are larger and the median price is higher by $922,500.

The lettered sections and Granada hold the oldest houses in the table: sales in Coral Gables Sections A to E have a median year built of 1938. Granada, the northernmost of them, shares its name with the City's Granada Golf Course, opened in 1923. The Country Club Section was platted in six parts; Part One opened in 1924. The Biltmore Section opened with the Country Club's Part Six on August 24, 1925 — the year Donald Ross designed the Biltmore Golf Course. The Coconut Grove Section is the easternmost of these northern residential sections.

Across the city, every new house, addition and exterior alteration is reviewed by the Board of Architects before a permit is issued, minor items by the City Architect. A property on the Coral Gables Register of Historic Places — more than 1,000 are — needs a certificate of appropriateness, and demolishing even an undesignated building needs the Historic Preservation Officer's approval. In the older sections, that is what an owner can and cannot change.

The Riviera Section is the one large section on both sides of US-1. Merrick promoted it in 1925 together with the University of Miami, whose campus was drawn on Riviera Section land. In the twenty-four months to September 29, 2026 it was the busiest section outside the gated communities: 132 sales at a median of $2,275,000 — 55 north of US-1 at a median of $2,000,000 and 77 east of it at $2,375,000. 13 of the 132 were on the water.

A historic district immediately east of US-1: its land was bought in 1925 and its first houses — frame vernacular bungalows and shotgun houses — were built in 1926. The City designated it in 1989, and in 1994 it was listed on the National Register of Historic Places — the only historic district in Coral Gables on the National Register. It and the Crafts Section closed fewer than 10 sales each in the window and carry no figures here.