Key Takeaways
- Tower 1 and Tower 2 are one condominium, not two — the county files all 195 homes at 10 and 60 Edgewater Drive under a single declaration.
- Waterfront Coral Gables trades at a fraction of oceanfront Miami Beach — roughly $790 to $990 per square foot here, against $1,500 to $2,500 in the Miami Beach and Bal Harbour buildings measured on this site.
- 96 homes in this tower, and 73 of them are two-bedrooms — running 2,570 to 10,190 square feet with a median of 2,955.
- The record sale is $6,200,000 — in March 2026, for a 5,230 square foot residence — the most recent large sale in either tower.
- Eleven qualified sales in four years — about one home in thirty-five each year, which is not enough to establish a price direction.
- Tower 1 homes are smaller than Tower 2’s but assessed higher — a median of $1,533,279 against $1,421,602, on a median 210 square feet less.
10 Edgewater Drive, Coral Gables, Florida 33133 | Neighborhood: Coral Gables
One condominium, two towers
The first thing to get right about Gables Club is that it is a single condominium. The Miami-Dade County Property Appraiser files all 195 homes at 10 and 60 Edgewater Drive under one declaration, and their common-element shares only close when both towers are counted together — each tower alone accounts for roughly half.
That matters practically. Assessments, reserves, insurance and governance are shared across both buildings, not separated by tower. If you are reading a budget or a reserve study for “Gables Club”, it covers 195 homes, not 96.
This page covers the 96 homes at 10 Edgewater Drive. Tower 2, at 60 Edgewater Drive, has its own page and its own numbers, and I have kept them separate wherever the county record allows it.
What is actually inside Tower 1
The county holds 96 folios at 10 Edgewater Drive, and every one is a residence — no commercial units, no separately assessed parking, cabana or storage.
This is a two-bedroom tower at heart: 73 two-bedrooms, 12 three-bedrooms, eight four-bedrooms, one five-bedroom and two six-bedrooms. But the two-bedrooms here are not small — the smallest home in the tower is 2,570 square feet, and the median is 2,955. There is no compact stock in this building at all.
The tower is unusually uniform. Four floorplates within twenty square feet of each other carry more than half of it: 2,950 square feet (27 homes), 2,960 (13), 2,970 (12) and 2,570 (10). The largest home is 10,190 square feet.
The 2026 assessed values run $397,271 to $7,534,893, with a median of $1,533,279.
One comparison worth making, because both towers are on this site. Tower 1’s homes are smaller than Tower 2’s — a median of 2,955 square feet against 3,165 — and yet they are assessed higher: $1,533,279 against $1,421,602. The county record establishes that the difference exists; it does not explain it, and I am not going to invent a reason. If you are choosing between the two towers, it is a question worth putting to a broker who knows the position of each line.
The price record, and what eleven sales can carry
Qualified, arm’s-length sales at 10 Edgewater Drive, from the county record, retrieved 21 August 2026.
| Year | Qualified sales | Median price | Median $/sq ft |
|---|---|---|---|
| 2023 | 3 | $2,600,000 | $875 |
| 2024 | 3 | $2,850,000 | $966 |
| 2025 | 2 | $2,200,000 | $791 |
| 2026 to date | 3 | $3,900,000 | $1,185 |
Eleven qualified sales in four years, in 96 homes — about one home in thirty-five each year. Two of those years rest on three sales and one on two. I am not going to draw a trend from that, and neither should anyone else.
But there is something useful in it, and it comes from having both towers in one declaration. Across all 195 homes the median size that sold was 3,035, 2,955, 2,970 and 3,035 square feet in the four years — essentially identical every year. So the usual explanation for a swinging per-foot figure — that different-sized homes came to market — is not available here. The swing from $790 in 2025 to $988 in 2026 across the whole condominium is simply what four to seven transactions a year look like. One home moves the median.
What the record does support is a band. Across both towers and four years, Gables Club has traded between roughly $790 and $990 per square foot. That is the number to negotiate against, and it is worth putting next to what the oceanfront buildings measured on this site did in the same period — roughly $1,500 to $2,500 per square foot in Miami Beach and Bal Harbour. Waterfront Coral Gables is priced at something closer to half of oceanfront Miami Beach, per square foot, for homes that are considerably larger.
The highest price recorded in this tower is $6,200,000, on 16 March 2026, for a 5,230 square foot residence — $1,185 per square foot, and the most recent large sale in either tower. Across the whole condominium the record is $9,250,000, in Tower 2.
Who this building suits
It suits a buyer who wants genuine space on the water and is not paying for a Miami Beach postcode. A 2,955 square foot median with no unit under 2,570 square feet, at $790 to $990 per square foot, is a different proposition from anything oceanfront — you are buying roughly twice the home for the money, on Biscayne Bay rather than the Atlantic.
It suits a buyer who needs certainty about value badly. Eleven sales in four years in this tower, and twenty-one across both, is very thin evidence. Any per-foot figure quoted to you for Gables Club rests on a handful of transactions, and the year-to-year swing has been 25% in a market where the homes selling barely changed in size. Treat the $790 to $990 band as the honest answer and be sceptical of anything more precise.
Ask about the declaration and the budget before you commit, and ask for them across both towers — they are one condominium, so a reserve shortfall or an insurance renewal in Tower 2 is your assessment too.
If you are selling here, expect it to take time. One home in thirty-five trades each year in this tower. Price against the band rather than against the single strongest recent comparable, and be aware that the $1,185 per square foot achieved in March 2026 is the top of four years of evidence, not the middle of it. Ask me for the comparables on your line, in both towers, before you set a number.
Verified 21 August 2026 against the Miami-Dade County Property Appraiser record for 10 Edgewater Drive, Coral Gables — all 96 folios retrieved individually and grouped by subdivision, every one of them residential. Gables Club is a single condominium spanning 10 and 60 Edgewater Drive: the two addresses were pulled separately and merged, and the declaration’s common-element shares only close across both (0.9899 of 1, with three combined folios carrying one unit’s share for two units — an omission in the county roll, not a missing home). Figures on this page are for the 96 folios at 10 Edgewater Drive except where stated as covering the whole condominium. Sale figures are qualified, arm’s-length transactions only, with bulk and portfolio transfers collapsed to a single transaction. Eleven qualified sales across four years is a thin record and no price direction is drawn from it; the quoted band is the range the record supports. The comparison to oceanfront pricing uses the 2023–2026 county medians for the Miami Beach and Bal Harbour buildings measured for this site. Building age, storey count, architect and amenity detail are omitted: no primary source has been confirmed for them. Re-check when the next tax roll publishes.
Gables Club Tower 1 — Frequently Asked Questions
Are Gables Club Tower 1 and Tower 2 separate buildings?
They are two towers but one condominium. The county files all 195 homes at 10 and 60 Edgewater Drive under a single declaration, and the common-element shares only close when both are counted. Assessments, reserves and governance are shared, so a budget for “Gables Club” covers 195 homes rather than 96.
What does a home at Gables Club cost per square foot?
Across both towers and four years, between roughly $790 and $990 per square foot. For context, the oceanfront Miami Beach and Bal Harbour buildings measured for this site traded between roughly $1,500 and $2,500 per square foot over the same period — waterfront Coral Gables is priced at closer to half, for larger homes.
Are prices at Gables Club rising or falling?
The record cannot say. Eleven qualified sales in four years in this tower, twenty-one across both, with individual years resting on two or three transactions. What is unusual is that the median size of home sold barely changed across the four years, so the swing from $790 to $988 per square foot is not a sales-mix effect — it is simply what a handful of transactions a year looks like.
How big are the homes in Tower 1?
From 2,570 to 10,190 square feet, with a median of 2,955 — there is no small stock at all. 73 of the 96 homes are two-bedrooms, and four floorplates within twenty square feet of each other cover more than half the tower: 2,950 square feet (27 homes), 2,960 (13), 2,970 (12) and 2,570 (10).
What is the most expensive sale at Gables Club Tower 1?
$6,200,000 on 16 March 2026, for a 5,230 square foot residence — $1,185 per square foot. Across the whole condominium the record is $9,250,000, set in Tower 2 in November 2022 for the 10,190 square foot home.
Which tower should I buy in?
The county record shows one difference clearly and does not explain it: Tower 1’s homes are smaller than Tower 2’s at the median — 2,955 square feet against 3,165 — yet they are assessed higher, $1,533,279 against $1,421,602. That gap is worth asking a broker about line by line rather than assuming it reflects the towers as a whole.
Sources and further reading
Interested in selling at Gables Club Tower I?
Learn more about selling your condo at Gables Club Tower I with Josh Stein.
Related coverage
Part of Miami Luxury Condos: What Buyers Actually Paid, Building by Building.