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Numbers Don’t Lie: the Value Opportunity in Coral Gables is with Condominiums

The single-family market is out of reach for many buyers in Coral Gables, as prices continue to skyrocket. That means condominiums are a great value option for those who seek to call the City Beautiful home.

Over the three-month period from August through October 2020, the median price of Coral Gables single-family homes surged to $1.05 million, a year-over-year jump of 14.5% (from $900,000) and 11% increase from the previous three months ($939,000), according to a Berkshire Hathaway HomeServices EWM Realty analysis of Multiple Listing Service (MLS) data. Many potential buyers are being priced out of the city’s single-family market.

Another factor that makes condominiums more appealing, particularly Merrick Manor – the only brand-new condominium offering in Coral Gables – is that many of the single-family homes in the city are older and need significant renovations despite their expensive price tags. Merrick Manor residences are turnkey and available for prices starting at $489,990.

Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor also 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 the Sales Gallery on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact us directly at 561-573-9824. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday.

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