Gables Estates

Introduction

General Overview

Off the palm tree-lined Old Cutler Road lies Gables Estates, one of the extravagant gated communities within Coral Gables. This exclusive neighborhood offers world-class facilities and luxurious amenities, such as 24-hour security, private docks, and direct access to Biscayne Bay.

With only over 170 estates anchored in Gables Estates, residents experience utmost privacy and tranquility.

Location

Gables Estates is located in the southern part of Coral Gables, east of Old Cutler Road. Miami International Airport, University of Miami, and Biscayne Bay are all easily accessible from the affluent community of Gables Estates.

Real Estate Community in Gables Estates

Average Land Area/House Square Feet

Under the local rule in Gables Estates, homes must be at least 3,000 square feet in size. Many homes in Gables Estates exceed that requirement..

Common Property Types or House Styles

Residential properties in Gables Estates are single-family homes. These homes are actually mansions built from the 1960s to the present, and feature three to 10 bedrooms. Some homes are single-storey properties while others have more than two floors.

Average Market Pricing

Homes for sale in Gables Estates are typically priced from around $10 million to over $50 million. The prices of these properties may be on the steep side, but factoring in the large living spaces, waterfront location, modern fixtures, and luxurious architecture, the price point is definitely worth it.

Common Design, Construction, or Architectural Types

Residences in Gables Estates vary in architectural styles. There are Mediterranean-style homes, Spanish-style estates, and art deco-inspired mansions. These homes are finished with either modern or traditional details.

Notable Homeowners

Benjamin Leon Jr., founder of Leon Medical Centers, used to own the 620 Arvida Parkway address in Gables Estates. He sold it to John H. Ruiz, a high-profile trial attorney, for $49 million.

The 22,000-square foot waterfront mansion was built in 2017 and was designed by Architect Cesar Molina to mimic a tropical resort. It features 18,000 square feet of interior space, nine bedrooms, 14 bathrooms, a guest house, an eight-car garage, a wine cellar, three swimming pools, and a climate-controlled outdoor pavilion.

Living in Gables Estates

General Cost of Living

Coral Gables, the community where Gables Estates is, scores 165 on the cost of living index. The national average is 100. The general cost of living in the city is 66% higher than the Florida average. Housing costs are 208% higher than the national average.

Employment/Job Opportunities

Average household income in Coral Gables is $97,000. Some of the most common career sectors are in healthcare, legal, architecture, engineering, and arts and entertainment.

Weather

Warmest months are July and August, with an average temperature of 91°F. Meanwhile, January is the coldest month, with temperatures ranging from 60.1°F to 75.9 °F.

Restaurants

Boutiques, wine shops, and cafes line Miracle Mile while Miami’s best restaurants are on Ponce de Leon Boulevard and Giralda Avenue. There are a few bars on Giralda serving craft cocktails.

Schools

Miami-Dade School District serves Coral Gables. Some of the public schools in the city are Coral Gables High School, International Studies Preparatory Academy, Henry S. West Laboratory Elementary, Coral Gables Preparatory Academy, George Washington Middle School, and Ponce de Leon Middle School.

Private schools in Coral Gables include Gulliver Academy - Marian C. Krutulis Campus, the lower campus of the Riviera Schools, St. Theresa Catholic School, St. Philip’s Episcopal School, French-American School of Miami, and St. Thomas Episcopal Parish School.

Transportation

One of the easiest ways to get around is to ride the free Coral Gables trolley, which stops at different points of interest in the city. There are metrorail and metrobus stations in Coral Gables connecting the city to the rest of Miami.

Parks, Recreational Activities, and Attractions

Popular landmarks in the city are the award-winning Biltmore Hotel and Venetian Pool, the city’s historic public pool. University of Miami is also situated in Coral Gables.

Coral Gables Museum in the downtown is a must-visit for those who want to learn more about the city. This isn’t a tiny gallery; rather, the grounds are wide and can be explored by foot, on two wheels, or while canoeing. Books & Books is another site not to be missed. It is an independent bookshop containing classic and contemporary collections.

The Old Cutler Trail has one of Coral Gables’ picturesque landscapes, perfect for bikers and joggers. Matheson Hammock Park is recommended for those who would like to go fishing, hiking, or take photographs.

Other attractions include Actors’ Playhouse at Miracle Theatre, Bill Baggs Cape Florida State Park, Coral Gables Art Cinema, and Fairchild Tropical Botanic Garden.

Own a waterfront property in Gables Estates, one of the most prestigious addresses not only in Coral Gables, but in the whole of Miami. Get in touch with The Jills Zeder Group at 305.722.5721 or 305.341.7447 to get started.