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High End Condos/Townhouses In Downtown Coral Gables

December 19th, 2009 Written By

My wife and I went out to dinner in Coral Gables last night at Por Fin, a spanish tapas restaraunt that we found to be excellent.  We purposely parked several blocks away so that we could have a walk down Ponce before and after our meal.   Our night reminded me how great the downtown area of Coral Gables is in the evening.  There were people everywhere, young and old who were out enjoying what the Gables had to offer.  That is something you can’t find in many places, a thriving city in the day and night.

It made me think about the real estate market in downtown Gables.  How much it has changed over the years.   But I think that many people don’t realize that there are several high end condos/townhouses that are currently being built or recently completed that are sure to change the real estate market in downtown Coral Gables even more.

Old Spanish Village, Coral Gables

Old Spanish Village, 162 Palermo Avenue

This is a luxury community of townhouses and mid-rise condominiums still under contstruction that will feature cobblestone streets, hidden fountains and gas street lamps.  There is currently a 4 bedroom, 4 bath townhouse on the market for $1,700,000. 

Ponce Tower, Coral Gables

Ponce Tower, 1805 Ponce de Leon Boulevard

Ponce Tower is a high rise condominium that was completed in 2008.  It is located directly adjacent to Coral Gables Elementary.  It is a high end luxury condominium with all of the amenities that you would expect, concierge, pool, gym, gameroom etc.  The penhouse unit is on the market for $1,300,000 but other units are on the market in the $700,000 range.

Villa Alhambra, Coral Gables

Villa Alhambra, 50 Alhambra

Villa Alhambra is a gated enclave of 36 villa type residences, completed in 2008.  Special features of these units include grand master bath, large balcony and terraces, 10 foot ceilings.  Prices in Villa Alhambra are in the $500,000’s.

If you are interested in buying or selling real estate in Coral Gables area, please give me a call at 305.342.1623 or send me an email at

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