Gables Waterway
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Condos for Sale & for Rent in Coral Gables
90 Edgewater Dr, Coral Gables, FL 33133
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UNITS331
STORIES13
YEAR BUILT1969
Building Amenities
About Gables Waterway
Gables Waterway Towers is a 13-story condominium at 90 Edgewater Drive in Coral Gables, completed in 1969. The Gables Waterway building holds 331 residences in one- and two-bedroom layouts, with floor plans running from approximately 910 to 1,570 square feet. Gables Waterway Towers sits on Edgewater Drive directly across from the newer Gables Club complex, and the tower's east-facing units look out across the Gables Waterway toward Biscayne Bay, while west-facing units pick up the Coral Gables tree canopy and the University of Miami campus beyond. The 1969 vintage makes Gables Waterway one of the earliest high-rises along this stretch of Coral Gables, predating the neighboring Gables Club Tower I by nearly three decades. The Edgewater Drive corridor runs along the Gables Waterway, the navigable canal that links the Cocoplum Circle area to Biscayne Bay. From Gables Waterway Towers, the University of Miami sits about five minutes inland, the Coral Gables business district about ten minutes north along Ponce de Leon, and Coconut Grove about ten minutes east. Matheson Hammock Park, the Fairchild Tropical Botanic Garden, and the Cocoplum gated community are each within a short drive south along Old Cutler Road, and Miami International Airport is about twenty minutes north. The Brickell financial district and the South Beach causeways sit roughly twenty minutes northeast, with the Coral Gables Country Club and the Biltmore Hotel a few minutes inland. Gables Waterway Towers amenities include a waterfront swimming pool, a fitness center, a sauna, tennis courts, a community room, on-site management, secured covered parking, and 24-hour security. The large floor plate and waterfront orientation, combined with the building's 1969 vintage, give Gables Waterway Towers a wider mix of unit sizes and price points than the newer high-rises along Edgewater Drive. Many Gables Waterway units have been remodeled with updated kitchens and baths, hurricane-impact glazing, and reconfigured open-plan layouts, while retaining the original wraparound balcony footprints that look directly onto the waterway.
Available Condos at Gables Waterway
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FOR SALE
20
$795,000
2 BD
2 BA
1,310 sq ft
Gables Waterway · #225
MLS-reported DOM: 90
FOR SALE
34
$775,000
2 BD
2.5 BA
1,570 sq ft
Gables Waterway · #104
MLS-reported DOM: 76
FOR SALE
36
$775,000
2 BD
2 BA
1,373 sq ft
Gables Waterway · #PH15
MLS-reported DOM: 92
FOR SALE
51
$729,000
2 BD
2.5 BA
1,510 sq ft
Gables Waterway · #327
MLS-reported DOM: 54
FOR SALE
32
$675,000
2 BD
2 BA
1,470 sq ft
Gables Waterway · #114
MLS-reported DOM: 114
FOR SALE
19
$499,000
1 BD
1.5 BA
910 sq ft
Gables Waterway · #PH11
MLS-reported DOM: 85
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Data provided by Miami MLS
The Team
Documents
Location
90 Edgewater Dr, Coral Gables, FL 33133
Gables Waterway Floor Plans & Unit Mix
Building Market Overview
Median closed price per square foot — the cleanest apples-to-apples value trend.
Based on closed sales over a trailing 90-day window. Updated daily.
Location
90 Edgewater Dr, Coral Gables, FL 33133
More in Coral Gables
Frequently Asked Questions About Gables Waterway
How much do condos at Gables Waterway cost?
Condos currently listed for sale at Gables Waterway range from $420K to $795K, per active MLS listings. Price within the building varies with floor, view, line, and condition.
What are rents at Gables Waterway?
Rental units currently listed at Gables Waterway run from $2,950 to $5,950 per month, per active MLS listings. Furnished units and shorter lease terms typically price at the upper end.
How many units are available at Gables Waterway right now?
Gables Waterway currently has 11 condos for sale and 6 rentals available on the MLS. Inventory updates daily as listings go active, pending, and closed.
How many units does Gables Waterway have?
Gables Waterway has 331 residences across 13 floors in Coral Gables.
What have condos at Gables Waterway sold for recently?
11 recorded sales closed at Gables Waterway in the last twelve months, with a median sale price of $440,000 and a median of $484 per square foot. Individual results vary with floor, view, and condition.
Have values at Gables Waterway gone up or down since 2022?
Median closed price per square foot at Gables Waterway is up 10.4% versus 2022 — from $433 (14 sales in 2022) to $478 (21 sales since 2025). This is a building-level median and does not adjust for which floors or lines happened to trade.
What are the HOA fees at Gables Waterway?
Across 11 current listings at Gables Waterway, the median association fee is $1,146 per month, or about $1.25 per square foot per month. Fees scale with unit size, and this figure excludes any special assessment — ask the association for its reserve study and assessment history.
Does Gables Waterway allow short-term rentals?
No — annual leases only. Listing agents report a 13-month minimum lease at Gables Waterway, according to 14 current MLS listings. Rental rules are set by the condominium declaration and can be amended by the board, so verify against the current documents before buying for rental income.
Is Gables Waterway pet-friendly?
13 of 17 current listings at Gables Waterway report the pet policy as "allowed", which reads as pet-friendly. Size, breed, and count limits are common — confirm the current rule with the association before you buy.
When was Gables Waterway built?
Gables Waterway was completed in 1969. Ask the association for its current milestone inspection reports, structural integrity reserve study, and any outstanding assessments. Inspection deadlines depend on the certificate of occupancy and local requirements; the year built alone does not confirm a report's completion or when an inspection is due.