Coral Gables

General Overview

The city of Coral Gables is known for its luxurious old-world residential community as well as its vibrant financial and commercial district. It has a population of 49,700 and a total area of 37.31 square miles, with 12.93 square miles of land and 24.38 square miles of water.

Location

Coral Gables in Miami-Dade County, Florida is located southwest of downtown Miami and is home to the University of Miami. It is near Coconut Grove, South Miami, West Miami, and Little Havana.

Real Estate Community in Coral Gables

Average Land Area/House Square Feet

The average size of Coral Gables houses for sale is around 2,000 square feet. Average rate per square feet is approximately $462.

Notable Homeowners

Coral Gables has seen a lot of celebrities residing in the neighborhood over the years, including Dave Barry, Antoine Walker, and Pat Riley. Amongthese big names are Jennifer Lopez and her fiance Alex Rodriguez. Their 11,000-square-foot nest features retracting window walls that reveal an expansive yard, swimming pool, a bar pavilion, and trampoline.

Living in Coral Gables

General Cost of Living

100 is the national average in the cost of living index. Coral Gables scores 165, with housing as the main factor driving the high cost of living in the city. The general cost of living in the city is 66% higher than the Florida average and housing is 208% higher than the national average.

Employment/Job Opportunities

Average household income in Coral Gables is $100,843. Some of the most profitable career sectors are in healthcare, legal, architecture, engineering, and arts and entertainment.

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 Carver 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.