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Coral Gables from above, with the Biltmore Hotel tower
PHOTO: Alexander Wark Feeney / Unsplash. Illustrative; does not show a property.

BEFORE IT WAS  /  THE BACKSTORY

The backstory of Coral Gables

A 160-acre family tract, a city mapped on paper and a hotel that opened in 1926. Where Coral Gables came from, and what its homes sold for last month.

CORAL GABLES, FL · MIAMI-DADE COUNTY

TWO PRICES  /  CORAL GABLES

CORAL GABLES · SINGLE-FAMILY HOMES · SEPTEMBER 2026

6.8%

below original asking price, net of seller credits (median)

Typical sale, as % of original ask93.2%
30Closed sales
9.6%September 2025 · 28 sales
5.5%Miami-Dade single-family, September 2026 · 850 sales

September 2026 numbers are based on MLS data for closings September 1–30, 2026 (September 1–30, 2025 for comparison), retrieved in November 2026. Cities are defined by the County municipal code recorded with each sale. Data is entered in the MLS by listing agents; it is deemed reliable but not guaranteed and may contain errors. Includes all brokerages’ sales, not only ours.

Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) / MIAMI Association of REALTORS® for the period September 1–30, 2026, retrieved in November 2026; compiled by The Fragomeno Group, not by the MLS.

The gap compares the final sale price, less seller credits, with the original list price. Includes sales that closed with no days on market. Past sales do not predict the price of any home. With 30 sales, a few homes can move the figure.

That is what Coral Gables homes sold for last month. Here is how Coral Gables got here.

BEFORE IT WAS CORAL GABLES

Six moments that shaped it

CORAL GABLES TODAY

The city, in facts

Coral Gables is its own city in Miami-Dade County. The 2020 Census counted 49,248 residents, and the Census Bureau’s July 2023 estimate was 48,353. The Venetian Pool, which dates to about 1923 (sources say 1923 or 1924), is open Tuesday through Sunday, 10 AM to 4:30 PM, and closed Mondays. Giralda Live runs on the first Friday of each month at Giralda Plaza.

Sources: U.S. Census Bureau QuickFacts; City of Coral Gables (Venetian Pool, events calendar). Confirm hours before you go.

NOW  /  WHAT’S HAPPENING

Updated monthly, with sources

  • Aug 25, 2026: Reported. The City Commission approved, 3–1, Crystal Residences at 110 Phoenetia Avenue: about nine stories (reports say eight or nine), 184 apartments and 16 live-work units, keeping Crystal Academy on the site. An attorney alleged some speakers in favor gave false addresses; the Commission referred the matter to authorities and Coral Gables police are investigating. The allegations are unproven. City records confirm the Commission adopted the land-use and zoning ordinances for 110 Phoenetia Avenue on Aug 25, 2026 (second reading; first reading July 7). The City’s online record does not show the vote count, the height or the police referral, so those remain as reported. The Real Deal
  • Oct 30, 2026: Reported. The City of Coral Gables bought the Biltmore Medical Center, 475–495 Biltmore Way, for about $24 million, giving it the full 400 block of Biltmore Way. The article does not state the intended use. City records confirm the Commission adopted, on Aug 25, 2026, an ordinance approving a purchase agreement with 475 Biltmore MOB, LLC for the building at 475–495 Biltmore Way. The purchase price is reported by news outlets; closing details are pending. The Real Deal
  • Oct 9, 2026: Reported. Baptist Health South Florida bought the office building at 2855 Le Jeune Road for about $39 million. Its plans for the building have not been announced. The Real Deal
  • Sep 29, 2026: The City Commission gave final approval, 5-0 on all six measures, to a 30-year development agreement with the University of Miami, including campus master plan changes and a hospital of up to 100 beds in the campus area. Reported by the Gables Gazette and, a week later, by Cuba Headlines (Oct 5, 2026), which gave no vote count or exact date. Gables Gazette; Cuba Headlines
  • Aug 27, 2026: Proposed. A redesign of the DeSoto Fountain circle as a roundabout with crosswalks, using a $1 million FDOT grant, was shown to the Transportation Advisory Board. This was a presentation, not a Commission vote. Gables Gazette

TOP 5 TO WATCH  /  UNDER WAY AND PLANNED

  • UNDER WAYPonce Park, 3000 Ponce de Leon Boulevard: 11 stories and 58 condos, with an $11 million renovation of the city-owned Ponce Circle Park. Construction reported to have begun in December 2025, completion expected in early 2028. The Real Deal
  • UNDER WAYCora Merrick Park, 4241 Aurora Street: 74 condos. Construction reported to have started in April 2026, completion expected in 2028. The Real Deal
  • PLANNEDAlhambra Parc, 33 Alhambra Circle: 8 stories and 74 condos, with a $100 million construction loan reported. Construction was expected to start in fall 2026; a start date has not been announced. The Real Deal
  • PROPOSEDPonce 8, 3808–3850 SW 8th Street: 16 stories and 201 apartments under the Live Local Act, with at least 40% of units set aside for incomes up to 120% of area median. Land purchased in May 2026; no approvals reported. The Real Deal
  • PLANNEDCity Hall restoration: funded in the City’s 2026–2030 Capital Improvement Program. No construction schedule has been published. City CIP

NOTABLE HOME SALES  /  REPORTED BY THE REAL DEAL

News reports, not our transactions; The Fragomeno Group was not involved. Prices as reported. Listings are asking prices, not sales.

  • ASKING PRICEA Gables Estates waterfront house of 12,500 sq ft on 2.4 acres, with 245 feet of deep-water frontage, was relisted Oct 1, 2026 at $148 million, about $11,850 per sq ft. The Real Deal reported it as the second-highest asking price in Miami-Dade after a $237 million Key Biscayne listing. It is a listing, not a sale. The Real Deal

LAST CHECKED: NOVEMBER 6, 2026  ·  NEWS COVERAGE AND PUBLISHED OFFICIAL PAGES, AUG 7 – NOV 5; PROJECTS, LAST 36 MONTHS. ITEMS MARKED “REPORTED” COME FROM NEWS COVERAGE. ITEMS THAT SAY “CITY RECORDS CONFIRM” CITE THE CITY’S PUBLISHED RECORDS.

SCHOOLS & COLLEGES

Schools near Coral Gables

Schools are listed by name, as the sources below describe them. We do not rate or rank schools. Public school assignment depends on your address, so confirm it with the district. The Florida Department of Education says it does not verify the data private schools submit, and a listing is not an approval.

PUBLIC AND CHARTER

Show all 14 public and charter schools

PRIVATE

Show all 28 private schools

COLLEGES AND UNIVERSITIES

University of Miami: established in 1925 per the university; more than 19,000 students (UM does not date that figure). The Coral Gables campus is the main campus, on a 239-acre tract about seven miles from downtown Miami.
Kellogg School of Management (Northwestern University), Miami classroom at 90 Alhambra Plaza

Public schools come from the City of Coral Gables 2026–27 education guide, which says the list includes schools outside city limits that serve city residents (Miami Palmetto Senior High is in the Village of Pinecrest). Private schools come from the City’s school list, Coral Gables Magazine (2024) and, for Riviera, the school’s own site. Addresses and grades were not all confirmed on each school’s own site.

Private schools within about five miles are included because many families drive to school and work across city lines. Distances are measured from the city limits, using the Miami-Dade County municipal boundary map and each school’s street address. The private schools were chosen from Niche’s list of top private schools in Miami-Dade County and are shown in no particular order. Catholic parish schools also come from the Archdiocese of Miami’s Catholic Schools Directory. A listing is not a recommendation, ranking or endorsement; check each school’s own site for current grades and admissions.

Florida Department of Education school grades (2025–26)  ·  Florida private school directory (FLDOE)  ·  Miami-Dade County Public Schools

To see which public school serves an address, use the school locator and enrollment information on the Miami-Dade County Public Schools site. Third-party school ratings and reviews also exist, for example Niche and GreatSchools. We do not produce, endorse or verify them, and they are not a substitute for visiting a school and checking with the district.

YOUR PRICE OPINION

What did the house down the street actually close at?

Ask us about Coral Gables. We’ll send this month’s sales in your neighborhood, and your two prices if you’re thinking of selling.

START HEREFOLLOW @THEFRAGOMENOGROUP

Sources: City of Coral Gables, history; ACHP, Coral Gables; City of Coral Gables, public schools; City events calendar; Gables Gazette (linked above); U.S. Census Bureau QuickFacts; The Real Deal, South Florida (news reports as linked; proposals are not approvals).

Disclosure: Neighborhood information, not advice. Facts come from the sources named; we take no position on schools or any area, and do not rank them. The photo is credited and does not show a property for sale. The Fragomeno Group is not affiliated with the City of Coral Gables or the University of Miami.

Written by Abdallah H. Fragomeno, REALTOR®, The Fragomeno Group at Chez Realty.

AT A GLANCE

What is the backstory of Coral Gables?

A 160-acre family tract, a city mapped on paper and a hotel that opened in 1926. Where Coral Gables came from, and what its homes sold for last month.

How far below asking price did Coral Gables single-family homes close in September 2026?

September 2026 MLS data: the median Coral Gables single-family home sale closed 6.8% below its original list price, net of seller credits, across 30 closed sales. This is a median of past sales and does not predict any home's price.

How often is this Coral Gables page checked?

Monthly. The "What's happening" section covers the last 90 days and "Top 5 to watch" covers the last 36 months, each item with a dated source. See the last-checked date on the page.