Gables on the Green

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 an agent 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 23 September 2026, shown by declaration because the two are separate condominiums.

Eleven qualified sales in four years across 52 homes: about one home in nineteen each year, and only two sales so far in 2026, both in West. 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. Two 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 the yearly medians for these homes have run between $541 and $840 per square foot, against $790 to $990 at the waterfront Gables Club towers. For 2,100 square foot three-bedrooms, that is a lower per-foot level than at those towers.

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 below the Gables Club towers. 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. Eleven sales in four years, two empty year-cells and only two sales in 2026 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 one to six recorded sales 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.

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