Coral Gables Condos Compared: Every Trophy Building in the City Beautiful (2026)

Coral Gables was chartered in April 1925 as one of the earliest master-planned cities in the United States, laid out by George Merrick on City Beautiful principles and given a Mediterranean Revival design code that the municipal architectural review board still enforces almost a hundred years later. The result is the most architecturally cohesive city in South Florida: barrel-tile roofs, arched loggias, plazas modeled on Seville and Granada, tree-lined avenues named for Spanish and Italian towns, the coral-rock Venetian Pool converted from a 1924 quarry, the 1926 Biltmore Hotel with its Donald Ross golf course, and the University of Miami campus that Merrick seeded with a 600-acre land donation the same year the city was incorporated.

The condominium market inside that envelope breaks into three geographies. First is the waterfront on the Gables Waterway near Cocoplum -- the Gables Club trilogy plus the 1969 Gables Waterway Towers, where private-marina, country-club-model living sits on a guarded campus. Second is the downtown Miracle Mile corridor, the pedestrianized retail spine from Alhambra Circle through Aragon and Andalusia down to Merrick Park, where the delivered mid-2000s and 2010s stock lives and where the current preconstruction wave is landing. Third is the 2020s preconstruction wave -- Cora Merrick Park, Alhambra Parc, Cassia Residences, Ponce Park, Seventeen Gables, The Avenue Coral Gables, and The Village at Coral Gables -- which together represent the largest condo build cycle Coral Gables has ever run.

How Coral Gables's Residential Inventory Works

Because the city's zoning code caps height at 190 feet in the Mediterranean Zoning District and enforces facade, setback, and material rules through architectural review, the condominium stock is small by design and reads in four tiers.

Tier 1: Waterfront Trophy (1969-2003). The Gables Club campus on Edgewater Drive plus Gables Waterway Towers across the water. Robert M. Swedroe architecture on the Gables Club pair, Marc Kovens development, 42-slip deep-water marina and clay-court tennis on the shared 10.5-acre campus.

Tier 2: Delivered Downtown (2003-2019). Alhambra Towers (2003, office anchor), Ten Aragon (2004), 100 Andalusia (2005), Gables Marquis (2007), 55 Merrick (2008), 1300 Ponce Condos (2009), and Merrick Manor (2019). Each carries the mandated Mediterranean Revival exterior.

Tier 3: Villa Valencia (2022). Villa Valencia at 515 Valencia Avenue is the only ground-up estate-scale condominium delivered in Coral Gables in the current cycle. Thirty-nine three- to six-bedroom residences from Location Ventures.

Tier 4: 2020s Preconstruction (2027-2028). Seven active projects: Cora Merrick Park, Cassia Residences, Seventeen Gables, Alhambra Parc, Ponce Park, The Avenue, and The Village. More than 600 new residences will land by 2028.

Outside the four tiers sit Plaza Coral Gables (mixed-use with rental residential), Cocoplum Towers inside the Cocoplum gated enclave, and the Ponce Davis parcel on the Coral Gables-South Miami border.

The Quick Comparison

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The Difference in One Line Each

• Gables Waterway Towers -- 1969 vintage, the entry point onto the Gables Waterway.
• Gables Club Tower I -- Swedroe waterfront, the 1996 half of the Gables Club campus.
• Gables Club Tower II -- 2003 sister tower, 19 stories with duplex suites on top.
• Alhambra Towers -- 16-story Class A office anchor, not a residential condominium.
• Ten Aragon -- 184-unit mixed-use tower one block off Miracle Mile.
• 100 Andalusia -- Boutique 97-unit 1-2 BR downtown building.
• Gables Marquis -- 20-story east-Gables tower on the Coral Way corridor.
• 55 Merrick -- 8-story Fullerton Diaz downtown mid-rise with rooftop pool.
• 1300 Ponce Condos -- Fullerton Diaz sister on Ponce Circle Park.
• Merrick Manor -- 227-unit Astor Companies delivery across from the Shops at Merrick Park.
• Plaza Coral Gables -- Agave Holdings seven-acre mixed-use campus (office, hotel, rental residential).
• Villa Valencia -- 39-residence Location Ventures boutique, delivered 2022.
• The Avenue Coral Gables -- Roger Development condo-hotel with short-term rental flexibility.
• Cassia Residences -- 174 RH-furnished units at 4011 Salzedo, Alta Developers.
• Cora Merrick Park -- Arquitectonica wellness-first boutique, rooftop padel court.
• Seventeen Gables -- BAM Development lower-priced end-user product at 1715 Douglas.
• Alhambra Parc -- MG Developer and Vertical Developments, 78 units, 2028 target.
• Ponce Park -- Allen Morris top-of-market 58-residence tower on Ponce Circle Park.
• The Village at Coral Gables -- MG Developer Plaza de Espana-inspired villa community.
• Cocoplum Towers -- Multifamily address inside the Cocoplum gated enclave.
• Ponce Davis -- Multifamily parcel on the Coral Gables-South Miami border.

The Waterfront Trophy Tier: Gables Club I, II, and Gables Waterway

The Edgewater Drive frontage on the Gables Waterway is the only stretch of Coral Gables where guarded, marina-facing, high-rise condominium living exists in meaningful volume.

Gables Club Tower I (10 Edgewater Drive, 1996) -- 99 residences across 16 stories on the shared Gables Club campus. Robert M. Swedroe architecture, Marc Kovens development. Two- to six-bedroom flow-through layouts with private elevator access on the larger residences. The 42-slip deep-water marina on the shared campus is deep enough for vessels into the 70-foot range; four lighted clay tennis courts, a putting green, fitness center, spa, clubhouse, and private restaurant round out the country-club operation.

Gables Club Tower II (60 Edgewater Drive, 2003) -- 99 residences across 19 stories, delivered seven years after Tower I. Two- to four-bedroom configurations plus a small set of duplex tower suites on the top floors. Private elevator foyers, floor-to-ceiling windows, wraparound terraces. Shares the 10.5-acre campus with Tower I. Because operations are shared, buyers cross-shopping the campus generally price Tower II above Tower I -- reserves are meaningfully younger and the duplexes are one of the largest floor plate options on the waterfront.

Gables Waterway Towers (90 Edgewater Drive, 1969) -- 331 residences across 13 stories. One- and two-bedroom layouts, roughly 910 to 1,570 square feet. Heated waterfront pool, tennis courts, fitness room, sauna, community room. The 1969 vintage means unit condition varies significantly by renovation status, and buyers routinely trade the older mechanicals for the price gap versus Gables Club.

The 2020s Preconstruction: Cora, Alhambra Parc, Cassia, Seventeen, Ponce Park

More new condominium supply is under construction in Coral Gables today than at any point in the city's history. Five of the seven active projects break ground within a 24-month window from early 2025 through mid-2026.

Cora Merrick Park (4241 Aurora Street, target 2027) -- 74 residences across 12 stories from Constellation Group and The Boschetti Group. Arquitectonica architecture, Urban Robot Associates interiors. Wellness-first amenity program with the first rooftop padel court in Coral Gables, hot and cold plunges, hammam, sauna, movement studio. Pricing from the $900,000s into the $4 million range. Cora Merrick Park building page.

Alhambra Parc (33 Alhambra Circle, target 2028) -- 78 residences across 8 stories from MG Developer and Vertical Developments. Bellin Pratt & Fuentes Architects, interiors by Raymond Nicolas. One- to three-bedroom layouts of 858 to 2,801 square feet, Wolf and Sub-Zero appliances, Italkraft cabinetry. Two rooftop decks, resort pool, Paraiso Garden, Technogym fitness center. Ground floor holds roughly 18,000 square feet of retail and 13,000 square feet of office. One-lease-per-year rental policy keeps the building owner-oriented. The $100 million construction loan closed in June 2026. Alhambra Parc building page.

Cassia Residences (4011 Salzedo Street, target 2027) -- 174 residences across 12 stories from Alta Developers. Behar Font & Partners architecture, IDDI interiors. Delivered fully furnished with RH furniture packages and Italkraft kitchens. One- to three-bedroom layouts of 662 to 1,461 square feet. Pricing from approximately $700,000 -- the most accessible of the Merrick Park preconstruction cohort. Broke ground March 2025 with a $94.2 million construction loan.

Seventeen Gables (1715 Douglas Road, target 2027) -- 117 residences across 8 stories from BAM Development and Ascendra Capital. Caymares Martin A&E Design, interiors by Asprea Studio. Studio through three-bedroom layouts aimed at end users and long-term investors. Pricing from the mid-$600,000s, most residences positioned below $1 million. $60 million construction loan from Dwight Mortgage Trust closed February 2026.

Ponce Park (3000 Ponce de Leon Boulevard, target 2028) -- 58 residences across 11 stories from The Allen Morris Company. Zyscovich Architects (John Cunningham), interiors by Meyer Davis Studio. Two- to five-bedroom residences of roughly 1,900 to more than 6,500 square feet, 11- to 12-foot ceilings, private elevators, Italian-crafted kitchens. Pricing from approximately $3.1 million -- the top of the current preconstruction cohort. Allen Morris also delivered Alhambra Towers in the same corridor.

The Avenue Coral Gables (351 San Lorenzo Avenue) and The Village at Coral Gables (535 Santander Avenue) round out the wave. The Avenue is a 48-to-54-residence Roger Development Group condo-hotel with Bermello Ajamil & Partners architecture and Adriana Hoyos interiors, offering short-term rental flexibility -- a first for new Coral Gables product. The Village is MG Developer's Plaza de Espana-inspired 48-residence enclave designed by De La Guardia Victoria Architects & Urbanists, a mix of 24 flats, 4 lofts, 16 townhomes, and 4 villas arranged around courtyards two blocks south of Miracle Mile.

Villa Valencia: The Location Ventures Boutique

Villa Valencia at 515 Valencia Avenue is the only ground-up estate-scale condominium delivered in Coral Gables in the current cycle, sitting alone between the delivered downtown stock and the 2020s preconstruction wave.

• Delivered May 2022 by Location Ventures
• 39 residences across 13 stories, three- to six-bedroom flow-through layouts, roughly 2,616 to 6,263 square feet
• Hamed Rodriguez Architects, interiors by CMA Design Studio
• Italkraft Italian kitchens, Wolf and Sub-Zero appliances
• Delos DARWIN Home Wellness Intelligence integrated in every residence -- the first U.S. condominium to include the system building-wide
• 78-foot resort pool, hammam, hydrotherapy plunge pools, his-and-her saunas across 19,000-plus square feet of amenity space

Villa Valencia sold through at roughly 95 percent with more than $100 million in closings within about a year of delivery. Location Ventures later became the subject of an SEC enforcement action and multiple lawsuits from 2023 onward, and construction on the top penthouse was subject to litigation; the residential program itself operates as a completed, occupied condominium and the on-site amenity program is running. Villa Valencia building page.

The Downtown Miracle Mile Corridor: Delivered Stock

Six delivered residential condominium buildings and one office anchor make up the walkable downtown Gables condo market.

Merrick Manor (301 Altara Avenue, 2019) -- 227 residences across 10 stories from The Astor Companies (Henry Torres). Behar Font & Partners architecture, interiors by Steven G. One- to four-bedroom layouts with 10-foot ceilings, Italian porcelain flooring, Bosch appliances. Nineteen thousand square feet of ground-floor retail wraps the residential lobby directly across from the Shops at Merrick Park (Neiman Marcus, Nordstrom, Equinox, Whole Foods). Largest new residential building delivered in Coral Gables in nearly a decade on delivery.

55 Merrick (55 Merrick Way, 2008) -- 166 residences across 8 stories from Dayco, Fullerton Diaz Architects. Ten-foot ceilings, floor-to-ceiling glass, Italian porcelain flooring, European cabinetry, Bosch appliances. Rooftop pool with cabanas, fitness center, residents' lounge with billiards, private theater. One block off Miracle Mile.

1300 Ponce Condos (1300 Ponce de Leon Boulevard, 2009) -- 124 residences across 12 stories from the same Fullerton Diaz team. One-, two-, and three-bedroom layouts. Twenty-five-thousand-square-foot lanai pool deck. Directly across from Ponce Circle Park, the tree-lined green space that Ponce Park (target 2028) is investing $11 million to upgrade.

100 Andalusia (100 Andalusia Avenue, 2005) -- 97 residences across 8 stories, one- and two-bedroom floor plans of 915 to 2,038 square feet. Concierge, covered parking, pool, gym, club room, billiard room. One block off Miracle Mile.

Ten Aragon (10 Aragon Avenue, 2004) -- 184 residential units stacked above commercial, retail, and office space in a 15-story mixed-use tower. Charles Allem on the design program. 1BR/1BA, 2BR/2BA, and 3BR/2BA layouts. Rooftop pool deck, fitness center, sauna and steam room. Because the building is mixed-use, floors are shared with office and retail tenants.

Gables Marquis (3232 SW 22nd Terrace, 2007) -- 177 condominium residences plus 8 tri-level townhomes across a 20-story tower. EB Developers, Cohen, Freedman, Encinosa & Associates architecture. One- to three-bedroom layouts of 792 to 1,575 square feet. Palazzo-style pool and spa, clubroom, fitness center. Pet-friendly with a two-pet, 40-pound-per-pet limit -- a friendlier policy than most Gables towers. East-Gables position on the Coral Way corridor, closer to Coconut Grove and Brickell than the Miracle Mile core.

Non-condominium anchors: Alhambra Towers (121 Alhambra Circle, 2003) is a 16-story Allen Morris Class A office building (295 feet, second-tallest in the city) with a Giralda-Tower-inspired weathervane on the west tower -- included here because it is one of the most-searched Gables addresses but is not a residential condominium. Plaza Coral Gables (2801 Ponce de Leon, delivered 2022-2024) is Agave Holdings's seven-acre, 2.25-million-square-foot mixed-use campus with Class A office, a 242-key hotel, retail, and a 17-story luxury rental residential building (135 units) -- included here because the campus is regularly cross-shopped by Gables residence buyers, though the residential is rental rather than for-sale condominium.

Edge-of-Gables: Cocoplum Towers and Ponce Davis

Two addresses sit outside the downtown grid but inside the greater Gables residential market. Cocoplum Towers is the multifamily address inside the 345-acre Cocoplum gated community off Old Cutler Road -- 302 estate homes plus a limited number of condominium and villa addresses, with its own gatehouse, marina, and clubhouse. Ponce Davis is the multifamily parcel on the Coral Gables-South Miami border at 8955 SW 72nd Street; the surrounding neighborhood is predominantly single-family estate homes on half-acre-plus lots, which gives any Ponce Davis multifamily address rarity value.

Which Coral Gables Building Suits Which Buyer

Buyer 1: Waterfront Trophy Shopper. Gables Club Tower I or Gables Club Tower II. The 10.5-acre campus with 42-slip deep-water marina and clay-court tennis is the only country-club-model residential program inside Coral Gables. Tower II is taller and newer; Tower I is the more established resale market.

Buyer 2: Delivered Downtown Boutique. Villa Valencia. The only 2020s ground-up estate-scale delivery inside the city, with Delos DARWIN wellness systems and 39 three-to-six-bedroom residences. For preconstruction that continues the positioning, Cora Merrick Park and Alhambra Parc are the closest peers.

Buyer 3: Preconstruction with the Longest Runway. Ponce Park at the top ($3.1M-plus, Meyer Davis interiors), Alhambra Parc in the middle ($1.1M-plus, MG Developer), and Seventeen Gables at the accessible end (mid-$600Ks-plus, BAM Development) bracket the pipeline.

Buyer 4: Turnkey, Rental-Flexible. Cassia Residences delivers fully furnished by RH; The Avenue Coral Gables offers short-term rental flexibility as an integrated condo-hotel, a first for the Gables.

Buyer 5: Walk-to-Miracle-Mile Entry. 55 Merrick, 1300 Ponce Condos, 100 Andalusia, and Ten Aragon all sit within a few blocks of the pedestrianized Miracle Mile spine.

FAQ

How many condominium buildings are in Coral Gables? Coral Gables has fewer condominium buildings than any comparable South Florida luxury submarket, a direct result of the city's 190-foot height cap in the Mediterranean Zoning District and its architectural review process. The delivered stock in the downtown corridor totals roughly a dozen buildings, plus the waterfront Gables Club campus and Gables Waterway Towers, plus seven active preconstruction projects that will together add more than 600 new residences by 2028.

What is the newest condominium in Coral Gables? Villa Valencia at 515 Valencia Avenue, delivered in May 2022, is the newest ground-up estate-scale condominium delivered inside Coral Gables. The next round of deliveries lands in 2027 and 2028 with Cora Merrick Park, Cassia Residences, Seventeen Gables, Alhambra Parc, and Ponce Park.

Which Coral Gables condo has waterfront access? The Gables Club campus at 10 and 60 Edgewater Drive is the only guarded, marina-facing residential campus inside Coral Gables. Gables Club Tower I, Gables Club Tower II, and Gables Waterway Towers share the Edgewater Drive frontage on the Gables Waterway as it opens onto Biscayne Bay.

Is Alhambra Towers a residential condominium? No. Alhambra Towers at 121 Alhambra Circle is a 16-story Class A office building delivered in 2003 by The Allen Morris Company. At approximately 295 feet it is the second-tallest building in Coral Gables and headquarters Allen Morris itself.

What is the difference between Cora Merrick Park and Alhambra Parc? Cora Merrick Park is 74 residences at 4241 Aurora Street, adjacent to the Shops at Merrick Park, by Constellation Group and The Boschetti Group with Arquitectonica architecture -- wellness-first, rooftop padel court. Alhambra Parc is 78 residences at 33 Alhambra Circle in the northside downtown corridor by MG Developer and Vertical Developments with Bellin Pratt & Fuentes Architects -- one-lease-per-year rental policy, 18,000 square feet of ground-floor retail.

How does Coral Gables zoning affect what can be built? The city's Mediterranean Zoning District caps building height at 190 feet in the downtown core and enforces Mediterranean Revival facade, material, and setback standards through the Board of Architects review process. That is why the delivered condominium stock is small, why most buildings max out at 8 to 13 stories, and why every new preconstruction project pulls barrel-tile, arched-loggia, or stucco cues from George Merrick's original 1920s vocabulary.

Which Coral Gables condo is the largest by residence count? Gables Waterway Towers at 90 Edgewater Drive is the largest at 331 residences. Among the newer delivered buildings, Merrick Manor leads at 227, Ten Aragon follows at 184, and Gables Marquis at 177. In the preconstruction wave, Cassia Residences at 174 units is the highest count.

Where does Villa Valencia rank on Coral Gables per-square-foot pricing? Villa Valencia set the record for downtown Coral Gables new-construction pricing at delivery in 2022, averaging around $1,100 per square foot at initial sell-out. Ponce Park, targeting 2028 delivery with pricing from approximately $3.1 million and Meyer Davis interiors, is currently positioned to eclipse that band.

How To Use This Guide

Start with the tier question -- waterfront Gables Club campus, delivered downtown stock, Villa Valencia's boutique format, or a preconstruction reservation -- and narrow by exposure, floor plan, and delivery timing within the tier. The Coral Gables neighborhood guide covers zoning, schools, and lifestyle context. Deep-dive guides live for Villa Valencia, Alhambra Parc, and Cora Merrick Park.

We track resale activity, HOA changes, and preconstruction pricing across every Coral Gables building continuously. If you want a custom comp set on a specific building or floor plan, reach out.

Related Reading

• Villa Valencia Coral Gables Guide
• Alhambra Parc Coral Gables Guide
• Cora Merrick Park Coral Gables Guide
• The 5 Most Luxurious Condos in Coral Gables, Ranked
• Coconut Grove vs. Coral Gables

This guide is for informational purposes and does not constitute a solicitation or offer to buy or sell real estate. Unit counts, price ranges, delivery targets, and design-team credits are compiled from public listings, developer announcements, and public reporting and may change over time. Prospective buyers should verify current specifications, HOA dues, and unit availability directly with each building's sales team or association before making purchase decisions.