Tuesday, January 14, 2014

Why Do People Love Living in Coral Gables?

It has been awhile since we sang praises for the City Beautiful.  So that is just what we are going to do.  There are so many things to rave about when it comes to Coral Gables but here are a few of the highlights.

Coral Gables is a perfect blend of old and new.  Not only is there some of the most beautiful architecture in all of Florida along with lots of lush and tropical landscaping, there is definitely a newer atmosphere with commercial and residential development throughout the city.  Still, the entire atmosphere has that wonderful Mediterranean feel to it and offers so much to so many people.  It is a place where people come for a visit and immediately fall in love with everything about it. 

Reasons to Live in Coral Gables
Coral Gables offers its residents the best of everything from attractions to its locations to real estate.  Here are some of the reasons to live in Coral Gables:

We hear it all the time – “location, location, location.”  Coral Gables is situated just south of the city of Miami within a short drive to downtown and Brickell not to mention fabulous Miami Beach.  Additionally, Miami International Airport and the other major transportation hubs are also very close to Coral Gables. 
On top of being close to so much, Coral Gables is adjacent to Biscayne Bay.  There are so many canals and waterways that meander through the neighborhoods that make it a perfect place for boaters. 
There is so much to see, do and enjoy about living in Coral Gables.  There is definitely some of the best shopping and dining on the Miracle Mile.  Residents can easily walk along the street to pop in and out of some of the most unique shops and cafes.  At the Village at Merrick Park and Cocowalk (located in nearby Coconut Grove), everyone’s favorite national and regional retailers are easily accessible.  Additionally, there are more projects in the works as developers see the value and benefits of building in Coral Gables. 
Coral Gables has so many attractions that draw people.  Some of our favorites include the Venetian Pool, Dinner Key Marina and the nearby golf courses.  
The Venetian Pool is an amazing pool created in 1923 from a coral rock quarry that holds 820,000 gallons of spring water fed from an underground aquifer.  Even more amazing is that in the spring and summer seasons, the pool is filled and drained daily.
Area golf courses include the Biltmore Hotel and others located in neighborhoods in and around Coral Gables.  Doral is just a short drive and is known for its championship courses as well.
Real Estate
One of the most important aspects of settling down in Coral Gables is the real estate market.  All of South Florida has rebounded from the crash several years ago.  This includes the Coral Gables real estate market.  The past year saw a significant uptick in terms of the number of properties listed on the market as well as the list and sale prices.  The biggest increases shown are with the price per square foot which shows double digit increases across the board.  For example, the sale price per square foot for properties under $1 million saw a 15 percent increase from $248 to $286. 

For interested buyers, there are so many options in Coral Gables.  Many buyers looking for second homes and investment properties like Coral Gables because of all it has to offer.  Even first-time buyers are looking here as an alternative to Miami with the smaller homes and Coral Gables condominiums like 55 Merrick and Ten Aragon on the market.  There are also new developments on the horizon such as Merrick Manor.  High-end luxury real estate buyers often look to Coral Gables because of the amazing estate homes in unbelievable neighborhoods.  Celebrities and sports figures have flocked to Coral Gables because of the privacy there.

Coral Gables Has Everything to Offer
For those who want to live here, Coral Gables has everything to offer.  From all there is to do here to the options with Coral Gables real estate, it is easy to see why so many come here and decide to stay here.

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