Coral Gables Real Estate
Coral Gables, is referred to as Miami’s “Beverly Hills”. Developed in the early 1920’s by George Merrick. Merrick was fascinated by the large villas in Italy with white stucco walls along with terra cotta barrel tile roofs, arches and beautiful gardens. His dream was to recreate this in Miami. He decided to develop a new city with thousands of homes all along the Italian Mediterranean style. The city included the 1920’s Venetian pool, Fairchild Tropical Gardens, and Miracle Mile (the main street for chic shops and restaurants).
Built for the super rich, Coral Gables has only improved with age. Merrick Park is a large high-end shopping mall with chic shops such as Cartier, Hermes and Prada. The famous Biltmore Hotel is in the heart of Coral Gables with the largest pool in the United States (and the site of the first Miss America pageant).
Driving thru the Gables, you will see Grand Italian style villas, wide boulevards, tropical landscaped medians, and golf courses.
Coral Gables was planned based on the City Beautiful Movement, which includes strict zoning regulations. The city was developed by George Merrick, during the Florida land boom of the 1920s. The city’s architecture is mostly Mediterranean Revival style which was mandated by the plan. By 1926, the city covered 10,000 acres and had netted $150 million in sales, with over $100 million spent on development.
Merrick meticulously designed the downtown commercial district to be only four blocks wide and more than two miles long. The main artery bisected the business district. Merrick could boast that every business in Coral Gables was less than a two-block walk. The city used to have an electric trolley system, which was replaced by the popularity of modern automobiles, but now a new free circular trolley system, initiated in November 2003, runs down Ponce de León Boulevard.
In 1925, the city was selected as the home to the University of Miami, which was constructed that year on 240 acres of land just west of U.S. 1, approximately two miles south of downtown Coral Gables.
Coral Gables is a pedestrian-friendly destination. Located four miles from Miami International Airport, the “City Beautiful” has around 140 dining establishments and gourmet shops, and many notable international retailers. Among the landmarks in Coral Gables are the Venetian Pool, Douglas Entrance and the Miami Biltmore hotel.
Coral Gables has a population of 126,522 with average household income of $136,699.
The city of Coral Gables has its own newspaper, Coral Gables News, which is published bi-weekly.
- The University of Miami has been the largest employer in Coral Gables since the city’s beginning.
- Baptist Hospital of Miami is the second largest employer in Coral Gables.
- Bacardi has its headquarters with 300 employees at 2701 Le Jeune Road.
- Capital Bank Financial has its headquarters in Coral Gables.
- American Airlines maintains the Ponce de Leon Travel Center at 901 Ponce De Leon Boulevard.
- MoneyGram has its Miami Office in Coral Gables.
- Dolphin Entertainment is an independent film studio that is located in Coral Gables.
The City of Coral Gables also provides a free trolley service, with a trolley running a continuous circuit up and down Ponce de Leon Boulevard during the day.
University of Miami, a university ranked in the top tier of national universities with particular national status in the fields of business, engineering, law, marine science, medicine, communications, and music, and of course, sports.
Coral Gables schools are part of the Miami-Dade School District, which serves Miami-Dade County. The district has:
One high school, Coral Gables Senior High School, which educates students in grades 9 through 12. It also has a
K-8 school, Coral Gables Preparatory Academy (formerly Coral Gables Elementary School), with two campuses, including a historic campus located on Ponce de Leon Boulevard. Henry S. West Laboratory Elementary is another school for K-6.
Two middle schools: George Washington Carver Middle School located on Lincoln Dr, and Ponce de Leon Middle School located across from The University of Miami on the East side of U.S. 1 on Augusto Street. Present day George Washington Carver Middle was moved to the current location on Grand Avenue on land donated by George Merrick. When Carver died in 1942 the school was renamed in his honor.
Gulliver Academy – Marian C. Krutulis Campus, a PreK-8 school that is a member of Gulliver Schools, is within Coral Gables[ The management offices of Gulliver Schools were formerly located in Coral Gables.
St. Philip’s Episcopal and Riviera Day School, both PreK-5 schools, are also located in Coral Gables. Riviera Day School is also one of the Riviera Schools.