Coral Gables, FL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Coral Gables short-term rental market based on reliable data.

Listings

274 / 642

Reliable / Active

Cap Rate

2%

Middle-Earners Gross Yield

Revenue

$36,991

Middle-Earners Revenue

Occupancy

74%

Middle-Earners Occupancy

Home Value

$1,544,097

Median Home Sale Price

Top Earners

$103,726

Top-Earners Revenue

Coral Gables

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Coral Gables.

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D

Unfriendly to Investors

Coral Gables Regulations

STRs are prohibited in Single‑Family Residential Districts (the dominant residential zone) per CAO 2013‑055, with active enforcement and steep daily fines ($150–$500); outside SFRDs, lodging uses are allowed only in limited non‑residential zones and require state/local licensing and taxes, creating high compliance burden and investor risk.

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About Coral Gables

Coral Gables sits in southeastern Florida within Miami-Dade County, an affluent city of roughly 50,000 residents often called "The City Beautiful" for its Mediterranean Revival architecture, lush canopy roads, and carefully planned layout. It serves as both a refined residential destination in its own right and an elegant gateway to greater Miami. The city lies approximately six miles southwest of downtown Miami, placing South Florida's beaches, cruise ports, and entertainment corridors within a short drive.

A few minutes from the city's commercial core, the Venetian Pool is a historic public swimming pool carved out of a coral rock quarry in 1923. Fed by natural springs and ringed by waterfalls, grottos, and loggias, it remains one of the most photographed pools in the country and a beloved gathering place during the warm months, drawing both residents and visitors looking for a uniquely South Florida swimming experience.

Towering over the city, the Biltmore Hotel is a Mediterranean-style landmark completed in 1926 and once the tallest building in Florida. Within walking distance of the Miracle Mile shopping district, it has hosted heads of state and Hollywood stars and today operates as a luxury hotel with a championship golf course, spa, and several well-regarded restaurants that draw diners from across the Miami area.

About a ten-minute drive south of central Coral Gables, Fairchild Tropical Botanic Garden is one of the largest and most diverse tropical plant collections in the United States. Spread across roughly 83 acres, the garden includes rare palms, orchids, a butterfly conservatory, and seasonal events such as the winter orchid festival that draw visitors from across the region.

A short drive east in the neighboring Coconut Grove area, the Vizcaya Museum and Gardens is a Gilded Age estate built in the early twentieth century on the shore of Biscayne Bay. The Italian Renaissance-style villa and its formal European-inspired gardens offer a tranquil counterpoint to the bustle of downtown Miami, just minutes away, and make for an easy half-day excursion from a Coral Gables base.

With its tree-lined streets, walkable commercial districts, and historic landmarks, Coral Gables offers a quieter, more residential alternative to staying in the heart of Miami while keeping the region's beaches, nightlife, and cultural venues within a short drive. The combination of a polished in-city experience and quick access to South Florida's marquee attractions makes it an especially strong fit for short-term rental guests who want both relaxation and convenience.

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