Gables Estates is one of the most desirable communities in Coral Gables. There are 192 canal-front lots, with the sea-walled canals weaving throughout the community connecting the homes to the Atlantic Ocean. Originally founded by Arthur Vining Davis, and later developed in the 1960s by Arvida Developers, the more than 200 acre Gables Estates neighborhood has become one of the most exclusive waterfront communities in South Florida.
Currently there are 22 listings in Gables Estates, 17 of which are luxury homes worth over $1 million. In the last six months there have been five transactions, up 67% from the previous six months. The average sold price was $11,440,000, up 70%, which led to an average of $956 per square foot. These powerful statistics demonstrate the strength of the community’s attraction to buyers.
Click here to review a full list of the 22 Gables Estates properties currently listed.
Work with an experienced Coral Gables real estate specialist as you explore real estate opportunities in chic island communities. Call today for a buyer or seller consultation with the Jill Penman Group at 305.807.9199. My expertise in local real estate and the global luxury market delivers extraordinary service that has firmly established my brand as an international luxury real estate leader for the past 12+ years. Read more about how I tirelessly chase the results that matter most to our clients and reach out to experience this for yourself.