For information on the first phase of Coral Gables development, read History of Coral Gables Part 1
Coral Gables real estate began as the inspiration of legendary real estate developer George Edgar Merrick in the 1920's, the land boom era in South Florida real estate. The initial development was quick for Merrick, however this ended quickly.
Unfortunately, the country’s recession caused the building in Coral Gables to slow for decades, ultimately stopping the city’s progression just as it was getting going. Then in the 1950s, Miracle Mile was built. This brick-paved portion of Coral Way brought many high-end shops and restaurants to the area, and encouraged building to continue as the area was becoming highly desired again.
In 1973, Coral Gables established one of Florida’s first Historical Resources Ordinances to protect the many historical buildings, especially in the historic Mediterranean Revival style of architecture. The Biltmore Hotel was placed on the list of National Landmarks as well, one of only three in Miami. Coral Gables is also home to nine properties on the National Register of Historic Places including Coral Gables City Hall, Merrick House, and the Venetian Pool.
Today, Coral Gables real estate has become a hot commodity, drawing residents from all over the world. Homes for sale in Coral Gables are a terrific investment for all who appreciate the historic charm of the City Beautiful.
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