Why Are Homes Expensive In Coral Gables?
Hello, residents of Miami and visitors from around the globe! If you've ever strolled around the charming streets of Coral Gables, you've undoubtedly noticed the gorgeous homes with Mediterranean architectural styles, lush greenery, and an air of elegance that seems to permeate every corner. But have you ever wondered why the prices of these exquisite properties are so exorbitant? Well, fasten your seatbelts because we're going to delve into the fascinating world of Coral Gables real estate!
Location, Location, Location
First of all, the most famous rule—location, location, location—and not just any neighborhood, but one of the most desirable communities, right next door to everything that Miami has to offer. Well, Coral Gables simply couldn't be better located in the middle of everything from the pulse-pounding, crazy nightlife of South Beach to the business-bustling Brickell. And as we all know, convenience doesn't come free!
A City Rich in History and Charm
But it's not just about the prime location. Coral Gables is a city steeped in history and architectural charm. Founded in the 1920s by visionary developer George Merrick, the city was meticulously planned to embody the best of Mediterranean Revival style. From the iconic Biltmore Hotel to the tree-lined streets and ornate fountains, Coral Gables is a living, breathing work of art. And let's be real - who wouldn't want to live in a masterpiece?
The Prestige Factor
Is there another factor contributing to the exorbitant cost of properties in Coral Gables? the element of status. Business titans and celebrities alike call Coral Gables home. It's the wealthiest neighborhood in Miami. There's an air of exclusivity associated with living in the same zip code as these high rollers, but that exclusivity has a premium price. The proverb states that you most likely cannot afford anything if you have to ask how much it costs!
A Thriving Local Economy
Not all of the glamor and flash comes from Coral Gables, though, as the city is home to a number of major international corporations and major employers like the University of Miami, which means that demand for housing is high and will continue to drive up prices. Additionally, because the city's unemployment rate is lower than the national average and its median household income is higher, Coral Gables residents can afford the high cost of real estate.
Sparkly Maid Miami: Keeping Coral Gables Homes Pristine
Certainly, there are challenges related to having a swanky residence in Coral Gables, one of which is keeping the place looking spick-and-span right from the day one of its owners buys it. That's where Sparkly Maid Miami will step in. This superior cleaning service capitalizes on eco-friendly products and unparalleled attention to detail to keep the immaculate abodes of Coral Gables.
Leave it to Sparkly Maid Miami for an in-depth cleaning before that important event, or routine maintenance to keep your home looking great. Their online booking system makes it very easy to keep your Coral Gables oasis spotless. You may visit their website to learn more and schedule your first cleaning today!
The Bottom Line
Well-documented below are the reasons which create the high asking prices of properties in Coral Gables. There exists a raft of reasons why purchasers are prepared to pay top price for a piece of the Coral Gables dream, all revolving around its ideal location, rich history, status, and booming economy.
However, if you're one of the chosen few who manages to lay your hands on one of these highly-sought-after properties, remember that with great real estate comes great responsibilities. If you're going to let Sparkly Maid Miami help you keep that little piece of paradise looking its best, you'll be living the high life in Coral Gables in no time!