Real Estate January 10, 2023

Buy or rent a house in Coral Gables

This is the most important choice during your expatriation in Miami: finding the house to buy or rent to settle down with your family. Coral Gables is one of Magic City’s most desirable residential areas because not only are the homes and properties available comfortable and spacious, but the location also boasts top-notch French and international schools. Head to Coral Gables to find the home of your dreams!

 

Coral Gables is your last say

 

Every year, hundreds of French people come to settle in Miami to change their profession or life and offer new opportunities to their children. And the Covid crisis has only amplified this phenomenon. In 2022, Magic City is a destination more coveted than ever by expatriates. Among fashionable neighborhoods, Coral Gables is on the rise.

Coral Gables first attracts because it is a place steeped in history. Highlights include Merrick House, the original home of the city’s founder, City Hall, the John M. Stable Building and Coral Gables Elementary School, all built in the 1920s.

Security is also one of the great advantages of the neighborhood: Considered one of the safest communities in Miami – safer than approximately 44% of cities in the United States The crime rate in this community has decreased by approximately 19% compared to 2021.

The community of Coral Gables is very conducive to outdoor activities. There are indeed many trees and greenery found there. The city is home to many golf courses and parks as well as some outdoor family attractions such as the Venetian Pool or Matheson Hammock Park

Finally, the city has Fairchild Tropical Garden for those who like to admire exotic shrubs. There are also many parks that have palm trees, well-kept green spaces and shaded areas where you can relax. Here are some more fresh ideas of what to do in the Gables

 

Coral Gables, a very French neighborhood

 

Expats will be delighted to learn that the place is home to high-level French and international schools, including the French-American School of Miami . For the record, EFAM was the first school in the State of Florida to provide immersion primary education in accordance with the official instructions of the French Ministry of National Education. It accepts children from kindergarten to CM2. Just on the other side of the US1, there are many options for middle and high school with ISPA (public high school with French program), Gulliver High (private high school with optional French). Further towards Calle Ocho, there is also ISCHS (charter school with French Baccalaureate).

 

The Coral Gables Real Estate Market

 

Houses, more houses

Coral Gables has been welcoming new developments with townhouses or apartments for the past ten years. (condos). For example, Merrick Manor , this turnkey apartment complex with high-end amenities, located just steps from the shops of the Village of Merrick Park shopping center

However, the neighborhood is mainly made up of individual houses (73% in 2022), in the Spanish style of haciendas, or “Mediterranean Revival”. Known for their warm color palette, these homes typically feature clay tile roofs and floors, asymmetrical facades, high ceilings with exposed beams, and especially wrought iron features that give them a unique style.

There are luxury residential complexes such as Cocoplum, particularly popular with European customers. This enclave of 302 residences (including 172 waterfront residences) has been designed by world-renowned architects and builders. It offers the ultimate in privacy, elegance and exclusivity.

In the same vein a little further on Old Cutler, Gables Estates located on the palm-lined Old Cutler Road in the southern part of Coral Gables and bordered by the picturesque Biscayne Bay.

Further north and more intimate, Biltmore Parc Residences, a 5-story complex with 32 units, each with 2-3 bedrooms. Conveniently located in the heart of Coral Gables, Biltmore Parc is near the Granada Golf Course and Venetian Pool. Then, it is your choice wether you decide to buy or rent a house in The Gables!

 

Coral Gables is beautiful… and intends to remain so

 

Buy or rent a house in Coral Gables is a privilege and the City is very strict about respecting the planning code.

To maintain the beauty and traditional aesthetics of the community, local authorities impose rules on landlords. It keeps the value of homes in the neighborhood alive. As you will have understood, investing in a property in Coral Gables is a safe bet.

 

Some numbers (2022) on the Coral Gables real estate market:

– 33 houses and 34 apartments are sold per month in this area

– The average price per SqFt is $908 for a house and $613 for a condo

– 52% of homes sell in less than 30 days.

 

In conclusion, get closer to a real estate agent specializing in expatriation and who knows the neighborhood and its specificities, particularly if you are a first time buyer