new-construction-homes in Coral Gables

There are 23 new construction homes for sale in Coral Gables, Florida right now, priced from $1.1M to $40M. The median list price is $4,200,000. That puts this segment 113% above the overall Coral Gables median of $1,975,000 across 311 active listings.

These homes average 2,800 square feet of living area on lots averaging 0.27 acres. Average pricing runs $2,246 per square foot versus $1,853 citywide. The median year built is 2026. 22% of them include a private pool.

This segment averages 159 days on market, 47 days longer than the Coral Gables average of 112. The median closed-sale price in Coral Gables is $1,400,000. Deals close at 94.8% of list price. The absorption rate is 11.6%.

The largest concentration is in Coral Gables Biltmore Sec, with 9 available listings. The rest is spread across 10 other communities and 4 ZIP codes.

New construction here includes both builder inventory and recently completed resales. Delivery timelines, design-center allowances and CDD fees vary by community — those three items usually move the real cost more than the base price does.

María Delgado works the South Florida market daily and can send you the full list with photos, association documents and recent comparables — in English or Spanish.