Villa Valencia Coral Gables: Buyer's Guide (2026)

Villa Valencia is the 39-residence Mediterranean Revival boutique condominium at 515 Valencia Avenue in downtown Coral Gables, delivered in May 2022 with construction complete and sales cleared to roughly 95% of inventory at $100M-plus in closings. The 13-story building was designed by local firm Hamed Rodriguez Architects, with interiors by CMA Design Studio and landscape by Local Office Landscape Architecture.

Two design ideas anchor the building. The first is Coral Gables' Mediterranean Revival vocabulary -- the same 1920s design DNA George Merrick set into the City Beautiful masterplan when he founded Coral Gables in the 1920s. The second is a wellness-first program built around the Delos DARWIN Home Wellness Intelligence system, integrated throughout residences and public spaces: continuous air and water quality monitoring, circadian lighting programs, and enhanced sleep environments. Villa Valencia was the first U.S. condominium to integrate DARWIN.

The building is largely closed and thinly traded. Recent resale activity through mid-2026 has been sparse -- roughly one closing in the trailing 12 months on the Coral Gables MLS -- with active listings in the $3.6M to $5.9M range. Villa Valencia set a Coral Gables condo sale record on its way to closeout, averaging around $1,100 per square foot across the sponsor rollout.

View the Villa Valencia building page for current inventory, floor plans, and photos.

The Quick Take

Where is Villa Valencia?

The address is 515 Valencia Avenue, two blocks off Miracle Mile in the walkable core of downtown Coral Gables. The Gables was masterplanned in the 1920s by developer George Merrick as a Mediterranean-themed City Beautiful town; the 40-block downtown grid still runs on tree-canopied streets, Mediterranean architecture, and City-enforced zoning that caps high-rise density along most adjacent corridors.

Walking distance and short-drive access from Villa Valencia:

• Miracle Mile -- three blocks north; a four-block stretch of Coral Way lined with restaurants, boutiques, and the Actors' Playhouse at the Miracle Theatre
• Books & Books -- a block off Miracle Mile; the independent bookstore that anchors the Gables reading scene
• Bulla Gastrobar -- Spanish tapas on Miracle Mile
• Hyatt Regency Coral Gables -- one block from the site
• Village of Merrick Park -- six minutes south by car; the 800,000-square-foot open-air luxury retail center anchored by Neiman Marcus and Nordstrom (the first Nordstrom in Florida)
• Biltmore Hotel -- 15 minutes by car; the 1926 National Historic Landmark on Anastasia Avenue
• Venetian Pool -- 15 minutes; the 1924 coral-rock quarry-turned-swimming pool
• University of Miami -- eight minutes south
• Coconut Grove -- ten minutes east, including CocoWalk and Vizcaya Museum & Gardens
• Ponce de Leon Boulevard -- the Mediterranean commercial spine running north-south nearby

Miami International Airport is about 15 minutes north; Brickell and Downtown Miami are 15-20 minutes east across US-1.

Who's Behind Villa Valencia?

The developer is Location Ventures, a Miami-based real estate development company that had projects in Coral Gables, Coconut Grove, Miami Beach, and Fort Lauderdale.

For prospective resale buyers, one piece of context matters: Location Ventures' founder and former CEO, Rishi Kapoor, was subsequently federally indicted in matters unrelated to Villa Valencia itself; the SEC agreed to settle a related civil fraud lawsuit against him in late 2024. Those events pertain to other Location Ventures projects and the firm's overall capital raising, not to Villa Valencia's construction, condominium documents, or delivered state. Villa Valencia was delivered on schedule, closed out at approximately 95% sold to $100M-plus in sales, and is a stabilized condominium with its own HOA. Any resale due diligence should still verify HOA financials, reserves, and building-level operating condition directly, as with any building.

Architecture and Design

The design brief for Villa Valencia was explicit: deliver a boutique 39-residence tower that reads as a natural extension of Coral Gables' 1920s Mediterranean Revival vocabulary from the outside, and a tropical modern interior from within.

Hamed Rodriguez Architects -- the local Coral Gables firm -- designed the building's LEED-certified exterior. The 13-story massing carries Mediterranean detailing: terracotta roof tiles, arched openings, wrought iron detailing, and stucco facades that key into the palette Merrick set on Miracle Mile a century ago. The building steps back at the upper floors to give the top residences private terraces and rooftop volumes.

CMA Design Studio handled interiors. The design brief pairs the Mediterranean exterior with a tropical modern interior language: 10-foot ceilings, floor-to-ceiling glass, oversized private terraces, and open-plan living around a central kitchen and gathering space. Homes are delivered fully finished.

Local Office Landscape Architecture designed the landscape, which contributes around 10,000 square feet of on-site gardens and green space at ground level, including a dog park and the private porte-cochere arrival.

Residences at Villa Valencia

The 39-residence count is one of the smallest in Coral Gables new construction. Details:

• 39 total residences across 13 stories
• Three- to six-bedroom floor plans
• Approximately 2,616 to 6,263 square feet per residence
• 10-foot ceilings throughout
• Floor-to-ceiling glass with oversized private terraces
• Italkraft cabinetry in gourmet eat-in kitchens
• Sub-Zero and Wolf appliances -- Wolf steam oven, convection oven, induction cooktop, hood, microwave, dishwasher, Sub-Zero refrigerator, and Sub-Zero under-counter wine cooler
• Italian stone bathrooms with Brizo and Delta fixtures
• Soaking tub and floor-to-ceiling rain shower in the master bath
• Delos DARWIN Home Wellness Intelligence integrated throughout each residence -- advanced air purification, water filtration, circadian lighting, and enhanced sleep environments
• Private elevator entry into a private residential foyer on each home
• Summer kitchens on select terraces

Villa Valencia's sponsor closeout averaged around $1,100 per square foot, which set the record for the neighborhood at the time.

Architecture Heritage -- Coral Gables and George Merrick

The architectural context is a significant part of the Villa Valencia value proposition, and worth pausing on.

Coral Gables was masterplanned by developer George Merrick in the early 1920s. He named it after his father's Coral Gables home and set out to build a Mediterranean-themed City Beautiful town of coral-rock walls, tree-canopied avenues, and Mediterranean Revival architecture. The 40-block downtown grid, Miracle Mile, the Biltmore Hotel (1926), the Venetian Pool (1924), and the University of Miami (founded 1925) all trace to that original plan.

The Mediterranean Revival vocabulary Merrick codified -- terracotta roofs, stucco walls, arcaded loggias, arched openings, wrought iron -- is enforced today by strict City of Coral Gables design review and zoning. That is the reason the Gables looks the way it does a century later, and it is what limits new high-rise construction along most adjacent corridors.

Villa Valencia's architectural claim is that it reads as a modern extension of that vocabulary rather than a rupture from it. The Mediterranean exterior is not decoration -- it's the code the neighborhood is built on.

The Delos DARWIN Wellness System

The wellness program at Villa Valencia is not marketing gloss; it is a specific product integration.

Delos is a New York-based wellness real estate company. Its DARWIN Home Wellness Intelligence platform is a monitoring-and-adjustment system for indoor environmental quality: air quality sensors, purification systems, water filtration, circadian lighting that tunes light color and intensity across the day, and enhanced sleep environments.

Villa Valencia was the first U.S. condominium to integrate DARWIN across residences and common areas. The system runs across:

• Each individual residence -- air and water monitoring, circadian lighting
• The lobby, drawing room, and library
• The gym, spa, and hammam
• The pool deck and outdoor amenity spaces

Villa Valencia later debuted a bespoke wellness program called Elevate Wellness, layered on top of DARWIN. Elevate provides spa and wellness services tailored to residents -- physician-led health evaluations, dietician-led consultations, acupuncture, and closet organization among the offerings.

Amenities

The Villa Valencia amenity program runs to over 19,000 square feet of indoor and outdoor space, organized around wellness and social use.

Pool and outdoor

• 78-foot resort pool with lap lane and waterfall
• Two summer kitchens on the pool deck
• Resident-owned cabanas and spacious sunbeds
• Landscaped grounds with dog park, 10,000 sf on-site parks and gardens
• Porte-cochere arrival with valet parking and electric vehicle charging stations

Spa and wellness

• Hammam
• Steam room
• His-and-her saunas
• Hydrotherapy plunge pools
• State-of-the-art fitness center
• Movement studio with Pilates and yoga

Social and indoor

• Lobby lounge in a double-height entrance
• Drawing room with serving kitchen
• Boardroom with conference center
• Library with outdoor terrace
• Entertainment space with billiards and golf simulator
• Private wine room
• Screening lounge
• Kids' room

Services

• 24-hour concierge
• Valet parking in a gated garage
• Available golf carts for resident use
• Pet services including a dog wash

The wellness density is unusual for Coral Gables' predominantly historic mid-rise product; Villa Valencia effectively brought a Delos-grade wellness program to a neighborhood whose existing luxury inventory (Colonnade, Gables Club, Merrick Manor) leans social and boutique rather than wellness-programmed.

How Villa Valencia Compares to Other Coral Gables Trophy Condos

Coral Gables' zoning caps high-rise density, so the trophy condo cohort is small. Recent-vintage and near-term inventory worth comparing Villa Valencia against:

A few takeaways:

• Villa Valencia is closed and delivered. Cora and Cassia are still pre-construction. Villa Valencia's HOA has been running for four-plus years by mid-2026, which makes underwriting the carrying cost meaningfully easier.
• Largest-plate condominium in the Gables trophy set. 2,616-6,263 sf per residence exceeds most competing boutique product; buyers effectively size into single-family square footage inside a boutique condo shell.
• Wellness pedigree predates Cora. Villa Valencia's DARWIN integration was in place at delivery in 2022; Cora's more recent WELL-certification track is a next step for the neighborhood's wellness segment rather than the first.
• Resale is thin. With only 39 residences and low turnover -- roughly one closing on MLS in the trailing 12 months as of late 2025 -- comparables here move slowly and pricing is driven by exact stack, exposure, and finish package on the specific unit for sale.

The Coral Gables Neighborhood

Coral Gables is the historic residential city southwest of Downtown Miami, still often called "The City Beautiful" after its 1920s City Beautiful masterplan. Villa Valencia sits at the walkable core of downtown Coral Gables.

Retail and Dining

• Miracle Mile -- four-block downtown stretch of Coral Way with restaurants, bridal shops (nicknamed Bridal Row), boutiques, and the Miracle Theatre
• Village of Merrick Park -- Neiman Marcus, Nordstrom, Equinox Fitness, and about 115 additional stores in an 800,000-square-foot open-air mall six minutes south
• Books & Books -- the neighborhood's independent bookstore near Miracle Mile
• Ponce de Leon Boulevard -- the Mediterranean commercial spine

Historic landmarks

• Biltmore Hotel (1926) -- National Historic Landmark on Anastasia Avenue, 15 minutes by car
• Venetian Pool (1924) -- coral-rock quarry-turned-swimming pool designed by Denman Fink and Phineas Paist
• Merrick House -- George Merrick's boyhood home, preserved as a museum

Culture and Education

• University of Miami -- eight minutes south, with the Coral Gables Campus, Frost School of Music, and Lowe Art Museum
• Coral Gables Museum -- adjacent to Miracle Mile
• Actors' Playhouse at the Miracle Theatre -- Miracle Mile

Adjacent neighborhoods

• Coconut Grove -- ten minutes east; CocoWalk, Vizcaya Museum, Kennedy Park
• Brickell -- 15-20 minutes east across US-1
• South Miami and Pinecrest -- ten minutes south

Schools Coral Gables sits in a strong A-rated public school corridor and is one of the highest-rated private school neighborhoods in the county. Family buyer demand in the Gables is anchored by that schooling profile, which supports resale pricing more consistently than pure trophy-branding.

Villa Valencia's specific location -- two blocks off Miracle Mile, walkable to Merrick Park mall, minutes to the Biltmore -- puts it in the highest-walkability slice of the Gables.

Resale Market and 2026 Snapshot

Villa Valencia has been a low-turnover building since delivery. Details worth knowing:

• Approximately 95% of the 39 units closed at sponsor stage, generating over $100M in sales
• Sponsor closings averaged approximately $1,100 per square foot, which set a Coral Gables condo record at the time
• Trailing 12-month resale activity as of October 2025 showed roughly one MLS closing -- listed at $3.6M, sold at $3.375M (a 94% list-to-sell ratio), 69 days on market
• Active listings in mid-2026 have priced in the $3.6M to $5.9M range

Because 39 units and low resale turnover produce thin comparables, buyers should verify recent closes and stack-specific pricing rather than relying on averages.

Buyer Fit

Villa Valencia is a fit for:

• Buyers who specifically want Coral Gables -- Mediterranean architecture, tree-canopy streets, A-rated schools, walk-to-Miracle-Mile -- rather than a Miami waterfront address
• Owners downsizing from Gables single-family homes who want condominium services without giving up the neighborhood or square footage
• Wellness-first buyers interested in Delos DARWIN integration
• Boutique-scale owners who want a 39-unit HOA rather than a 200+ unit tower
• Family buyers -- 3-6 bedroom floor plans with private elevator entry fit multi-generational and school-aged household use

It's probably not the right fit for:

• Buyers who require direct waterfront -- Villa Valencia is inland Coral Gables, not bay or ocean
• Full-service hotel branding buyers -- Villa Valencia is a purely residential condominium, not a branded residence with hotel operations
• Short-term-rental investors -- Coral Gables' condominium and City rental restrictions are not conducive to STR
• Buyers who prioritize Brickell-style high-rise density and rooftop nightlife -- the Gables trades that for a residential rhythm

FAQ

Where is Villa Valencia located?

Villa Valencia is at 515 Valencia Avenue, Coral Gables, FL 33134, in downtown Coral Gables. It sits two blocks off Miracle Mile, six minutes by car from the Village of Merrick Park mall, and 15 minutes from the Biltmore Hotel.

When was Villa Valencia completed?

May 2022. Construction is complete, the building is occupied, and roughly 95% of the 39 residences closed at sponsor stage with over $100M in sales.

Who developed Villa Valencia?

Location Ventures, a Miami-based real estate development firm. Villa Valencia was delivered on schedule and represents a stabilized, closed condominium.

Who designed Villa Valencia?

Hamed Rodriguez Architects designed the LEED-certified Mediterranean Revival exterior. Interiors are by CMA Design Studio and landscape is by Local Office Landscape Architecture.

How many residences are at Villa Valencia?

39 residences across 13 stories, in three- to six-bedroom floor plans ranging from approximately 2,616 to 6,263 square feet.

What is the Delos DARWIN system at Villa Valencia?

Delos DARWIN Home Wellness Intelligence is an integrated wellness technology platform installed across residences and common areas. It provides continuous air quality monitoring and purification, water filtration, circadian lighting, and enhanced sleep environments. Villa Valencia was the first U.S. condominium to integrate DARWIN.

What amenities does Villa Valencia include?

Over 19,000 square feet of amenities -- a 78-foot resort pool with lap lane and waterfall, two summer kitchens, hammam, steam room, his-and-her saunas, hydrotherapy plunge pools, a movement studio with Pilates and yoga, state-of-the-art fitness center, a private wine room, screening lounge, kids' room, drawing room with serving kitchen, boardroom, library, entertainment space with billiards and golf simulator, 24-hour concierge, valet parking, EV charging, and a dog park.

What are Villa Valencia resale prices in 2026?

Active listings in mid-2026 have ranged roughly $3.6M to $5.9M. Sponsor closings averaged approximately $1,100 per square foot. Verify current actives and recent closed sales for the specific stack and floor plan you're considering.

Bottom Line

Villa Valencia is the delivered, closed, wellness-programmed boutique condominium at the walkable core of downtown Coral Gables. Thirty-nine residences at 515 Valencia Avenue, Mediterranean Revival exterior by Hamed Rodriguez, Delos DARWIN integrated throughout, Sub-Zero and Wolf kitchens, and over 19,000 sf of amenity space. Resale activity has been thin since delivery, but for buyers who want single-family-scale square footage inside a boutique Gables condominium -- with a stabilized HOA and four-plus years of building operating history -- this is the recent-vintage comp to underwrite.

Want a Data-Driven Read on Villa Valencia?

If you're evaluating a Villa Valencia resale -- floor selection, exposure, or comp analysis against Cora Merrick Park, Ponce Park Residences, and the rest of Coral Gables' boutique inventory -- reach out to Kyle Benjamin, REHub Miami.

View the Villa Valencia building page | Browse Coral Gables condos | Contact us

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Disclaimer: This article is for general informational purposes. Pricing, inventory, HOA figures, and finish specifications change. Always verify details directly with the building's official sales team and recent closed sales before making a purchase decision.