Residential buyers flock to Coral Gables because they know the City Beautiful is a safe bet for their home values to grow over time, in addition to the unmatched lifestyle, top-rated schools and overall quality of life. But don’t just take our word for it – let’s see what the numbers tell us!
A recent report from The Real Deal cites Axios data on which cities in the Miami metro area experienced the biggest gains in residential values between March 2023 and March 2024. During that 12-month span, Coral Gables tied for the No. 1 spot with a whopping 14% year-over-year appreciation rate. The “typical” Coral Gables home value as of March 2024 was $1.76 million, which reinforces why Merrick Manor’s last few available condominiums represent the city’s final inventory priced under $600,000 for the foreseeable future.
The report also called back to the Bloomberg piece that dubbed Coral Gables “the new Beverly Hills” due to the influx of tech and finance capital into the city. Coral Gables beat out New York, Beverly Hills and many other top U.S. markets in an analysis of the nation’s priciest neighborhoods.
As the city nears the century mark since its founding, Coral Gables is no longer South Florida’s best-kept secret.
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.”
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit our Model Residence 527 on the at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. Open from 11 a.m. to 5 p.m. on Monday through Friday and weekends by appointment.
