Coral Gables Fl real estate is a great city to invest in South Florida. The city is located in the heart of Miami Dade. The story began in 1911, when Merrick inherited 1,600 acres of citrus and avocado groves from his father. Through judicious investment he nearly doubled the tract to 3,000 acres by 1921. Merrick dreamed of building an American Venice here, complete canals and homes. Working from his vision, he began designing a city based on centuries old prototypes from Mediterranean countries. Merrick embraced the garden city theory of urban planning that was so popular in the 1920´s and planned lush landscaping, magnificent neighborhood entrances, and broad boulevards named for Spanish explorers, cities, and provinces. Relying on the advice of his uncle, Merrick hired architects trained abroad to create neighborhoods, or villages, with a single family architectural or historical style, such as Florida pioneer, Chinese, French, Dutch South African, and Italian.
Unfortunately for Merrick, the devastating no name hurricane of 1926, followed by the Great Depression, prevented him from fulfilling many of his plans. His city languished until after World War II, but then it grew rapidly. Today Coral Gables has a population of about 43,000, More than 150 multinational companies maintain headquarters or regional offices, and the university of Miami campus in the southern part of the Gables brings a youthful vibrancy to the area, a southern branch of the city extends down the shore of Biscayne Bay through neighborhoods threaded with canals. The gorgeous Fairchild Tropical Garden and beachfront Matheson Hammock Park dominate this part of Coral Gables.
Like much of Greater Miami, Coral Gables has realized the aesthetic and economic importance of historic preservation and has passed a Mediterranean design ordinance that rewards businesses for maintaining their buildings´ architectural style. Even the street signs are preserved for their historical value. These ground level markers are hard to see in daylight, impossible to see at night, but such inconveniences can be tolerated, and not only to honor the memory of Merrick. The community of broad boulevards and Spanish-Mediterranean architecture is entirely justified in calling itself the City Beautiful.
Needless to say, this fantastic city has real estate which many say is still under-valued. In June of 2012 median condo price in Coral Gables is $429,000. There are 124 condos 6 in foreclosures and 283 homes for sale, the highest priced condo sold for $470,000 at Villas de Santander, the lowest priced condo sold for $105,000 at Antillas condo. There are still great deals in this magnificent city but you need a market expert to help you. Guillermo Parapar and his team have been in the real estate industry for more than 11 years, archiving more than $20,000,000 of real estate transactions. For a local and knowledgeable service in Coral Gables Fl real estate market contact Guillermo at 305.778.6933.