Deep, liquid, and the most tightly regulated of the twelve. Underwrite it as a long-term hold or an end-user home, not as a nightly-rental play. There are 144 houses for sale today and 1 of them are at or under $700,000. We read the closings, house by house, and the rental rule, before anything here goes on a shortlist.
The market, not the pitch
Two sets of numbers, and the gap between them is the useful part. On the left, what sellers are asking today. On the right, what buyers actually paid over the last twelve months.
Source: MLS (Miami Realtors / Bridge), single-family houses in Coral Gables, Miami-Dade County, read on 21 September 2026. Active: 144 listings, 1 of them at or under $700,000, ranging from $489,000 to $78,000,000. Closed: 386 sales in the twelve months to that date, at a median 94.3% of the last asking price, in a median 51 days. Closed leases are excluded.
The book on the market is priced above what has been closing, by roughly 25% on price per square foot. That is a mix effect as much as a discount: the large and the waterfront sit longer. It is also the reason we underwrite from closings, never from asking prices.
One market, several prices
No. Grouped by postcode, the spread is real: 33134 asks a median $1,598,000 ($936/sf); 33146 asks a median $3,397,500 ($1,256/sf); 33156 asks a median $9,490,000 ($1,853/sf); 33143 asks a median $10,225,000 ($1,565/sf). Anyone quoting you a single average is averaging across all of them.
| Postcode | For sale | Median ask | $/sf | Closed 12 mo | Median paid | $/sf paid |
|---|---|---|---|---|---|---|
| 33134 | 57 | $1,598,000 | $936 | 192 | $1,662,500 | $869 |
| 33146 | 34 | $3,397,500 | $1,256 | 87 | $2,281,002 | $950 |
| 33156 | 27 | $9,490,000 | $1,853 | 49 | $6,350,000 | $1,450 |
| 33143 | 14 | $10,225,000 | $1,565 | 29 | $6,000,000 | $1,361 |
| 33133 | 8 | $7,175,000 | $1,242 | 19 | $3,300,000 | $1,016 |
| 33158 | 4 | · | · | 6 | $2,700,000 | $727 |
Read on 21 September 2026. Active listings and the closings of the twelve months to that date, grouped by postcode; a median on fewer than 5 records is withheld. The median house that sold was 2,413 sf and built in 1957. 29 of the 144 active houses are on water.
Live MLS · refreshed nightly
Pulled from the MLS every night. Open one to see the full record, or ask us to model it.
Before we recommend anything
0 of the 144 houses on the market mention Airbnb or short-term rental use in their own MLS text. Short stays are not permitted in houses here, and what makes this page useful is what the closings and the leases say about a house you keep or rent by the year. Here is what we read, on the property you are actually considering, before it goes on a shortlist.
The Coral Gables Zoning Code, section 4-101(A), lists the only uses permitted in the Single-Family Residential district, and short-term rental is not one of them. The City Attorney's opinion CAO 2013-055 of 5 December 2013 reads that provision as predating the 1 June 2011 cut-off in Florida Statute 509.032(7)(b), so the state preemption does not reach it, and the city publishes the rule plainly: stays of less than six months are not permitted in areas zoned single-family or multifamily residential. Read on 21 September 2026.
There is no licence to apply for, because the use is not permitted: a lease in a Coral Gables house runs six months at minimum, enforced by the city's Special Master under Administrative Order AO-2021-05. Annual and mid-term leases are unaffected.
What we read parcel by parcel is the record at the county and at the city, the flood zone and the roof age, and we note where we read it and on what date.
A homeowners association or a deed restriction can forbid what a city allows. On a house this is often the binding constraint.
What this means for an investor: this is bought for the house and the block, held or restored, and rented by the year in between. The annual leases in the file are the income line. Nothing here is a projection of what a house will earn.
Coral Gables Zoning Code, Article 4, section 4-101; City Attorney Opinion CAO 2013-055 (coralgables.com); the city's Short-Term Rental Reminder; Florida Statutes 509.032(7)(b), 2025 text. A verification carries the source, the date and the reader, and it expires after twelve months, because codes change. Nothing on this page certifies that a rental is legal at any address, and no number here is a projection of what a house will earn.
Same coast, other rules
Other house neighborhoods a few minutes away, each with its own price and its own rental rule. The question that decides between them is answered on its own page.
Asked before every shortlist
No. The Coral Gables Zoning Code, section 4-101(A), lists the only uses permitted in the Single-Family Residential district, and short-term rental is not one of them. The City Attorney's opinion CAO 2013-055 of 5 December 2013 reads that provision as predating the 1 June 2011 cut-off in Florida Statute 509.032(7)(b), so the state preemption does not reach it, and the city publishes the rule plainly: stays of less than six months are not permitted in areas zoned single-family or multifamily residential. Leases of a longer term are unaffected. Read on 21 September 2026.
144 are for sale on 21 September 2026, at a median asking price of $3,300,000 and $1,155 per square foot, from $489,000 to $78,000,000, with 1 of them at or under $700,000. Over the previous twelve months 386 sold, at a median $2,200,000 and $922 per square foot, in a median 51 days and at 94.3% of the last asking price.
327 single-family houses were leased through the MLS in the twelve months to 21 September 2026, at a median $7,750 a month and $4.01 per square foot. Against the median house sold in the same period that is a 4.2% gross yield before property tax, insurance, upkeep and vacancy, and it is a long-lease number, not a short-stay projection.
No. Grouped by postcode, the spread is real: 33134 asks a median $1,598,000 ($936/sf); 33146 asks a median $3,397,500 ($1,256/sf); 33156 asks a median $9,490,000 ($1,853/sf); 33143 asks a median $10,225,000 ($1,565/sf). Anyone quoting you a single average is averaging across all of them.
One email a week: what closed, what is new, one measured opinion. No listings dump.
The 12-month report · 24h
The closings of the last twelve months, the rents signed, and the rental rule with its source: the report behind the numbers on this page, plus a shortlist if you tell us the budget and what the house has to do.
What you get: the 12-month report on Coral Gables · a shortlist from the MLS and off-market · the parcel-level rental read, with its source and its date.
Send us the address. We come back with the closed comparables on its own street, the rents signed nearby and what the record says about rental use on that parcel.