Verified 21 August 2026Miami-Dade County Property Appraiser1 source
Gables on the Green — photography to follow
Building facts
- Address
- 626 Coral Way
- Neighborhood
- Coral Gables
- Year built
- 2002
- Residences
- 52
- Status
- Delivered — completed 2002
Key Takeaways
- East and West are two separate condominiums, not one building with two wings — the county files them as distinct declarations, each closing at exactly 100% on its own.
- There were no qualified sales in either declaration in 2026 — and none in East in 2023 — nine sales in total across four years and 52 homes.
- This is the cheapest per square foot of any Coral Gables building measured here — between $541 and $840 across the four years, against $790 to $990 at the waterfront Gables Club towers.
- 52 homes, and 44 of them are three-bedrooms — with a median of 2,100 square feet in both declarations.
- West is assessed materially lower than East — a 2026 median of $931,516 against $1,137,744, on the same median size.
- The record is $2,700,000 — in February 2007, for a 3,511 square foot home in East — nineteen years ago and unbeaten.
626 Coral Way, Coral Gables, Florida 33134 | Neighborhood: Coral Gables
Two condominiums, one address
Gables on the Green is usually described as one building. The Miami-Dade County Property Appraiser files it as two separate condominiums.
GABLES ON THE GREEN CONDO EAST holds 25 homes. GABLES ON THE GREEN CONDO WEST holds 27. Each declaration’s common-element shares close at exactly 100.0000% on its own — which is the test that settles it. They are not two halves of one condominium; they are two condominiums that share an address at 626 Coral Way.
That is not a technicality. Two declarations mean two budgets, two reserve studies, two boards and two sets of assessments. A reserve shortfall or an insurance renewal in one does not reach the other, and a document handed to you for “Gables on the Green” may cover only half the address. Ask which declaration the home you are looking at sits in, and ask for that declaration’s own budget.
Contrast that with Gables Club a few minutes away, where two physically separate towers at two different street addresses are a single condominium sharing everything. The county record is the only reliable guide to which arrangement you are buying into, and it is not visible from the street.
What is actually inside them
Fifty-two homes between the two, and every folio in both declarations is a residence — no commercial units, no separately assessed parking, cabana or storage.
This is a three-bedroom address. East is 23 three-bedrooms out of 25, plus one four-bedroom and one six-bedroom. West is 21 three-bedrooms out of 27, plus three two-bedrooms and three four-bedrooms.
Both declarations have a median home of exactly 2,100 square feet, and in both it is the dominant plate — 22 of East’s 25 homes and 14 of West’s 27. East runs 2,100 to 4,200 square feet; West runs wider, from 1,150 to 4,200.
The 2026 assessed values are where the two diverge, and it is worth pausing on. East runs $564,920 to $2,277,847 with a median of $1,137,744. West runs $367,272 to $2,376,091 with a median of $931,516. Same median size, and West is assessed 18.1% lower at the middle. The county record establishes that the gap exists and does not explain it; ask a broker who knows the two buildings before assuming it reflects anything other than position.
The price record, and the years with nothing in them
Qualified, arm’s-length sales from the county record, retrieved 21 August 2026, shown by declaration because the two are separate condominiums.
| Year | East — sales | East — median $/sq ft | West — sales | West — median $/sq ft |
|---|---|---|---|---|
| 2023 | 0 | — | 1 | $740 |
| 2024 | 3 | $833 | 3 | $840 |
| 2025 | 1 | $679 | 1 | $541 |
| 2026 to date | 0 | — | 0 | — |
Nine qualified sales in four years across 52 homes — about one home in twenty-three each year, and not a single sale in either declaration so far in 2026. I am showing the zeros rather than quietly presenting the years that have something in them.
This record cannot establish a price direction, and I will not pretend otherwise. Three of the eight year-and-declaration cells are empty and three more rest on a single transaction. The only cell with a usable sample is 2024, where both declarations happened to produce three sales and landed within seven dollars a foot of each other — $833 and $840. That agreement is the most reassuring thing in the table, because two independent condominiums arriving at the same number is harder to dismiss than one.
What the record does support is the level. Across four years these homes have changed hands between $541 and $840 per square foot — the cheapest per-foot pricing of any Coral Gables building measured for this site, against $790 to $990 at the waterfront Gables Club towers. For 2,100 square foot three-bedrooms, that is a genuinely low entry point in this city.
The highest price recorded at the address is $2,700,000, in February 2007, for a 3,511 square foot home in East. Nineteen years later nothing has beaten it. The West record is $2,600,000, in March 2023, for a 3,513 square foot home — essentially the same house at essentially the same price, sixteen years apart.
Who this building suits
It suits a buyer who wants a large three-bedroom in Coral Gables and cares more about the home than about the address on the water. Forty-four of the 52 homes are three-bedrooms and the typical one is 2,100 square feet, at a per-foot level well below anything else here. If the brief is space in the Gables for a sensible number, this is where the county record points.
It suits a buyer who needs to know what things are worth badly. Nine sales in four years, three empty year-cells and no 2026 activity at all is close to no evidence. Any confident price quoted to you for this address is built on one or two transactions, and the two 2025 sales — $679 and $541 per square foot — are the lowest readings in the record and rest on a single sale each.
The two-declaration structure is the thing I would actually spend time on. Establish which condominium the home sits in, get that declaration’s budget and reserve study, and do not accept documents for the other one. The 18.1% assessed-value gap between East and West at the same median size is a reason to ask what differs, not to assume it is arbitrary.
If you are selling here, plan for time and price against the level rather than the last sale. With four to six buyers a year for the whole address, the single strongest recent comparable is not a market, and the record shows nothing has beaten a 2007 price in nineteen years. Ask me for the comparables in your declaration before you set a number.
Gables on the Green — Frequently Asked Questions
Is Gables on the Green one building or two?
Two condominiums. The county files GABLES ON THE GREEN CONDO EAST (25 homes) and GABLES ON THE GREEN CONDO WEST (27 homes) as separate declarations, and each closes at exactly 100% of its own common elements. That means two budgets, two reserve studies and two boards — so establish which one your home sits in and ask for that declaration’s documents specifically.
How much do homes at Gables on the Green sell for per square foot?
Between $541 and $840 across the last four years — the cheapest per-foot pricing of any Coral Gables building measured for this site. The waterfront Gables Club towers traded at $790 to $990 over the same period. For 2,100 square foot three-bedrooms, this is a low entry point for the city.
Are prices at Gables on the Green rising or falling?
The record cannot say. Nine qualified sales in four years across 52 homes, with no sales at all in either declaration in 2026 and none in East in 2023. The only year with a usable sample is 2024, when both declarations produced three sales each and landed within seven dollars a foot of one another — $833 and $840.
What is the difference between the East and West buildings?
Legally, they are separate condominiums. Practically, West has a wider range of homes — from 1,150 square feet against East’s minimum of 2,100 — and West is assessed materially lower: a 2026 median of $931,516 against East’s $1,137,744, on the same median size of 2,100 square feet. The county record shows the 18.1% gap but does not explain it.
What is the most expensive sale at Gables on the Green?
$2,700,000 in February 2007, for a 3,511 square foot home in the East declaration — and nineteen years later nothing has beaten it. West’s record is $2,600,000 in March 2023 for a 3,513 square foot home: essentially the same house at essentially the same price, sixteen years apart.
How often do homes here come up for sale?
Rarely. Nine qualified sales across 2023, 2024, 2025 and 2026 to date, in 52 homes — about one home in twenty-three each year, and nothing at all so far in 2026. Expect a long sale and a small pool of buyers.
Sources and further reading
Interested in selling at Gables on the Green?
Learn more about selling your condo at Gables on the Green with Josh Stein.
Thinking about Gables on the Green?
I have sold South Florida property since 2002, more than $1 billion of it. Ask me for the recorded declaration, what has genuinely closed, or a straight answer on whether this building fits what you are after.
Josh Stein · Florida real estate sales associate, license SL3057661 · (305) 695-8257 · hello@joshsteinrealtor.comRelated coverage
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