Coral Gables tops list of most expensive neighborhood in the country

Betty Nguyen reports Gables Estates has bumped Beverly Hills from the top spot.

[abelcain]

For Coral Gables to be more expensive than Beverly Hills by a significant margin is unreal. The Gables is picturesque south with its tree lined roads, but I don't get the draw. It beat out Boca, Delray... hmm.

[juanalmos]

And all the Miami cuban mafia politicians live there…unreal

[trevorsutherland]

A decade ago I sold a house in Miami and the buyer offered cash a day after it listed. I was like "wow". My agent said "oh, shes coming out of a house in The Gables". 😂 I was from another State and thats when I learned what "The Gables" meant...

[letsgobrandon]

Moved to Tampa area from South Florida. Same sort of feel and far less expensive. Got a brand new home on a great lot with beautiful conservancy views at HALF the cost of a smaller older home in Miami in a worse neighborhood. Traffic is less too and insurance is too.

[danielakasmart]

This shift will reveal alot of underlining problems

[thedirtybubble]

California has huge tech industry and educational institutions so there is a reason they have wealth. Florida, or Miami in particular, has no industry other than foreign tourists and transportation. Where are these people getting rich and how are they getting rich? Does anyone ever question this?

[richardgarciagroup]

Coral Gables is always a good decision...

[junkyarddog]

First off there is no such thing as affordable housing especially in South Florida, that just a title given to any development for purpose of making people thing it will be afforable. Has anyone actually seen any of these affordable housing once you do see it you can only imagine what the definition of affordable housing is.

Then there's the comment people complaining that they are being priced out by people from out of state, but reallity is the problem isn't the buyer so much as the person selling it way above the markey value hoping someone (SUCKER) would snag his line because he has the bait they want and willing to pay his over priced property. Then everyone on the block tries the same looking to make a quick buck. Look at a good amount of the homes that sold in the last 5 year and you can see the prior purchase price and gauge the profit that person made from the last sales. In some cases I've seen property in 2020 sale for 300k then sale again in 2022 for 900K+.

Who the bad person the one having the funds to waste or the person fishing for a sucker. Oh and your local and state government don't care what its sold for they just see the benefit for themselves because that inflated price means more property taxes.

[exoressdelivers]

We're trapped in our house. We purchased it 40 years ago in North Miami by the Intracoastal for $100, 000. It's now valued at $800, 000. If we sell it for what it's valued at today we would simply be getting the same house in South Florida.

[robd]

The answer is simple: move. Miami is not an affordable city. Why put yourself through all that only to be disappointed with the reality that you can not buy a home in that city unless you're wealthy.

[vulcan]

How nice and pretty will Coral Gables be after a Cat 5 hurricane ?

[thedirtybubble]

No you don't have reliable mass transit and who's fault is that? 🤔

[MEOWMIX]

Sanchez better move to a different state....

[JoeJoe-tged]

You are not getting priced out, you are just looking at homes you can’t afford. That’s all, it has nothing to do with anyone else.

[thedirtybubble]

Coral Gables is also the most racist city in the country.