Best Condos For Airbnb in Coral Gables, Miami

Coral Gables, a vibrant city within Miami-Dade County, is known for its historic landmarks, lush green avenues, and Mediterranean Revival architecture. This affluent neighborhood is an ideal location for Airbnb investments due to its mix of cultural attractions, upscale dining, and proximity to Miami’s bustling urban centers. In this article, we explore the best condos for Airbnb in Coral Gables to help you make an informed decision.

Why Invest in Coral Gables for Airbnb?

Best Condos For Airbnb in Coral Gables, Miami

Average Daily Rate: $300
Max Daily Rate (March): $348
Occupancy Rate: 58%
Max Occupancy Rate (March): 66%
Total Available Listings: 430
Average Annual Revenue: $49,800
Max Monthly Revenue (March): $5,900
Revenue per Available Rental (RevPAR): $173.1
Weekend RevPAR: $356
Best Month for Revenue: March
Market Score: 73
Average Home Value in Coral Gables, FL: $1,496,668
Home Value Increase Over the Past Year: 12.2%

High Demand for Short-Term Rentals

Coral Gables boasts a steady influx of tourists, business travelers, and university visitors, ensuring a consistent demand for short-term rentals. The city’s beautiful scenery, safety, and numerous amenities make it a prime choice for those seeking temporary accommodation. According to AirDNA data, Coral Gables has an average daily rate of $300, with peak rates reaching $348 in March. The occupancy rate averages 58%, peaking at 66% in March, highlighting a significant demand for Airbnb properties. With 430 total available listings, investors have ample opportunity to cater to a broad range of guests, ensuring consistent revenue streams.

Proximity to Key Attractions

The city is home to several attractions such as the Venetian Pool and Fairchild Tropical Botanic Garden. Additionally, its close proximity to Miami International Airport and downtown Miami makes it a convenient base for travelers. These attractions draw a diverse crowd year-round, from vacationers enjoying the luxurious amenities of the Biltmore Hotel to nature enthusiasts exploring the botanic garden. This variety ensures a continuous flow of guests, enhancing the appeal of Coral Gables as a prime Airbnb location.

Strong Real Estate Market

Coral Gables has a robust real estate market characterized by its high property values and steady appreciation rates. The average home value in Coral Gables is $1,496,668, representing a 12.2% increase over the past year. This stability is attractive to investors looking for reliable returns on their investments. The average revenue for an Airbnb property in Coral Gables is $49,800 annually, with peak monthly revenues reaching $5,900 in March. Revenue per available rental (RevPAR) stands at $173.1, with weekend RevPAR peaking at $356, demonstrating the profitability of short-term rentals in this market. Coral Gables’ market score of 73 indicates strong investment potential, driven by consistent demand and high rental income.

Best Condos For Airbnb in Coral Gables

Feature	Cassia Miami	The Avenue Coral Gables
Location	4011 Salzedo Street, Coral Gables, FL 33146	351 San Lorenzo Avenue, Coral Gables, FL 33146
Completion Year	2026	2024
Number of Units	174	54
Number of Stories	12	9
Units for Sale	50 condos ranging from $155,000 to $2,150,000	6 condos available
Walk Score®	87 (Very Walkable)	89 (Very Walkable)
Transit Score®	58 (Good Transit)	56 (Good Transit)
Bike Score®	78 (Very Bikeable)	78 (Very Bikeable)
Avg Price / Sq Ft	N/A	$1,503
Avg Assoc Fee	N/A	$1.70 / sq ft / month
Rental Policy	Daily, no restrictions	Daily
Pet Policy	Pets allowed	Pets allowed
Ceiling Height	N/A	9- to 11-foot ceilings
Kitchens	Chef-inspired kitchens with sleek countertops, backsplash, and self-closing imported Italian custom cabinetry	European kitchens with stone counters, Sub-Zero and Wolf appliances, and Italian cabinetry
Appliances	Bosch kitchen appliances, front-loading in-unit washer/dryer, Nest thermostats	Sub-Zero and Wolf appliances
Bathrooms	Spa-like bathrooms with modern finishes, dual spa bathrooms, custom cabinetry	Frameless glass showers, premium European style features
Flooring	N/A	Porcelain flooring
Interiors	Custom lighting packages, floor-to-ceiling high-impact glass, blackout shades in living rooms and bedrooms	Designer paint, private terraces
Entertainment	TVs in living rooms and primary bedrooms, built-out closets, RH furniture packages	N/A
Views	Panoramic views of Miami city skyline and Coral Gables	Sweeping views of Coral Gables
Terraces	Serene terraces	Private terraces
Landscaping	Tropical lush landscaping	N/A
Pool	Heated pool with cabanas, lounging nooks, day beds/chaise lounges	Resort-style pool with cabanas and chaise lounges
Summer Kitchen	Outdoor dining areas, BBQ stations, eat-in counter, dining tables	Elegant summer kitchen
Dining	Kitchen and private dining area for large parties	Family-friendly dining area
Relaxation	Hammock garden	Hammock garden
Retail Space	N/A	3,536 square feet of luxury retail space
Lobby	Double-height lobby with curated art sculpture	Artfully designed lobby
Concierge	24-hour concierge	N/A
Spa	Full-service spa with steam rooms, dry sauna, massage room, dual spa bathrooms	N/A
Fitness	State-of-the-art fitness center	N/A
Business	Executive business center, co-working lounge	N/A
Nearby Attractions	Gourmet restaurants, international shops, art galleries, tennis clubs, and golf courses	Gourmet restaurants, international shops, art galleries, tennis clubs, and golf courses
Investment Potential	Daily, no restrictions	Daily

Cassia Miami Pre-Construction: A New Benchmark in Luxury Living

Located at 4011 Salzedo Street, Coral Gables, FL 33146, Cassia Miami is an upcoming pre-construction condominium that promises to redefine luxury living in Coral Gables. Slated for completion in 2026, this exquisite 12-story development will feature 174 units, offering an unparalleled blend of comfort, convenience, and style.

A Vibrant and Convenient Locale

Cassia Miami enjoys an enviable location in the heart of Coral Gables’ urban core. Residents will be within walking distance of an array of gourmet restaurants, international shops, art galleries, tennis clubs, and golf courses. The area’s high walkability (Walk Score® of 87), good public transit (Transit Score® of 58), and bike-friendly infrastructure (Bike Score® of 78) ensure that getting around is both easy and enjoyable.

Exquisite Living Spaces

Each unit at Cassia Miami is designed with meticulous attention to detail, providing residents with a serene and sophisticated living experience. Highlights of the residence features include:

Panoramic Views: Enjoy breathtaking views of the Miami city skyline and the scenic Coral Gables.
Spacious Terraces: Serene terraces provide a perfect retreat for relaxation and entertainment.
Modern Kitchens: Chef-inspired kitchens with sleek countertops, backsplash, and self-closing imported Italian custom cabinetry.
High-End Appliances: Bosch kitchen appliances, front-loading in-unit washer/dryer, and Nest thermostats for ultimate convenience.
Designer Interiors: Custom lighting packages, floor-to-ceiling high-impact glass, and blackout shades in living rooms and bedrooms.
Luxurious Bathrooms: Spa-like bathrooms with modern finishes, dual spa bathrooms, and custom cabinetry.
Entertainment Ready: TVs in living rooms and primary bedrooms, built-out closets, and RH furniture packages for an elegant touch.

Unmatched Building Features

Cassia Miami offers a plethora of building features designed to enhance the lifestyle of its residents:

Tropical Lush Landscaping: A beautifully landscaped environment that exudes tranquility.
Resort-Inspired Pool Deck: A heated pool with cabanas, lounging nooks, day beds/chaise lounges, BBQ stations, and outdoor dining areas create a perfect resort-like ambiance.
24-Hour Concierge: Providing round-the-clock assistance to cater to every need.
Curated Art Sculpture: A stunning art piece by a renowned artist graces the double-height lobby.
Amenities for Entertaining: A kitchen and private dining area for large parties, an entertainment media center, and an outdoor eat-in counter with dining tables.
Spa and Wellness: A full-service spa with steam rooms, dry sauna, massage room, and dual spa bathrooms.
Fitness Center: A state-of-the-art fitness center to keep you in top shape.
Business Facilities: An executive business center and co-working lounge for the modern professional.

Flexible Rental Policy

Cassia Miami offers a flexible rental policy with no restrictions on daily rentals, making it an ideal investment for Airbnb hosts looking to maximize their rental income potential.

Investment Opportunities

Cassia Miami presents an excellent opportunity for short-term rental investors, with 50 condos available for sale ranging from $155,000 to $2,150,000. Whether you’re looking for a cozy one-bedroom unit or a luxurious penthouse, Cassia Miami caters to diverse preferences and budgets.

Nearby Attractions

Cassia Miami’s prime location means residents are never far from the best that Coral Gables has to offer. Enjoy close proximity to:

Gourmet Restaurants: A fine collection of dining options featuring cuisines from around the world.
International Shops: Boutique shopping experiences with a global flair.
Art Galleries: Cultural and artistic venues showcasing local and international artists.
Tennis Clubs and Golf Courses: Premier recreational facilities for sports enthusiasts.

Cassia Miami is poised to become one of the most sought-after addresses in Coral Gables. With its luxurious features, prime location, and flexible rental policies, it offers an exceptional lifestyle for residents and a lucrative investment opportunity for discerning buyers and Airbnb hosts. Explore the future of elegant living at Cassia Miami.

The Avenue Coral Gables: Luxury Living Redefined

Nestled at 351 San Lorenzo Avenue in Coral Gables, Florida, The Avenue Coral Gables is an exquisite pre-construction project that promises to elevate the standards of luxury living. With an expected completion in 2024, this nine-story condominium offers an exclusive lifestyle with only 54 units available, including six currently up for sale.

Prime Location and Accessibility

The Avenue Coral Gables enjoys a prime location with a high Walk Score® of 89, indicating a very walkable neighborhood. Residents will find it easy to access nearby shops, restaurants, and amenities. The area also boasts a Transit Score® of 56, reflecting good public transportation options, and a Bike Score® of 78, indicating it is very bike-friendly.

Exceptional Residence Features

Each residence at The Avenue Coral Gables is designed with attention to detail and premium finishes to ensure a sophisticated living experience.

Spacious Interiors: Residences feature ceilings ranging from 9 to 11 feet, creating an airy and open ambiance.
European Kitchens: Kitchens are equipped with stone countertops, Sub-Zero and Wolf appliances, and Italian cabinetry, making them both functional and stylish.
Luxurious Bathrooms: Frameless glass showers and premium European-style features add a touch of elegance to the bathrooms.
Quality Flooring: Porcelain flooring throughout the units ensures durability and a sleek look.
Designer Touches: High-quality designer paint and private terraces add to the upscale feel of each home.

Exclusive Building Amenities

The Avenue Coral Gables offers a range of amenities designed to enhance the lifestyle of its residents.

Artfully Designed Lobby: The lobby is crafted with artistic details, providing a grand entrance to the building.
Resort-Inspired Pool: Residents can enjoy a resort-style pool complete with cabanas and chaise lounges for ultimate relaxation.
Elegant Summer Kitchen: The summer kitchen is perfect for outdoor dining and entertaining.
Family-Friendly Dining Area: A dedicated dining space ensures that families can enjoy meals together in a pleasant environment.
Hammock Garden: For those looking to unwind, the hammock garden offers a serene retreat.
Luxury Retail Space: The building includes 3,536 square feet of luxury retail space, adding convenience and style to daily living.
Breathtaking Views: Residents can take in sweeping views of Coral Gables from various vantage points within the building.

Pet-Friendly Policy

The Avenue Coral Gables welcomes pets, making it an ideal choice for pet owners looking for a luxurious living space that accommodates their furry friends.

Investment Potential

With an average price of $1,503 per square foot and an average association fee of $1.70 per square foot per month, The Avenue Coral Gables presents a compelling investment opportunity. The rental policy allows for daily rentals, providing flexibility for Airbnb investors seeking to maximize their rental income.

Proximity to Attractions

Living at The Avenue Coral Gables means being close to a vibrant array of attractions and amenities. Whether it’s dining at gourmet restaurants, shopping at international boutiques, or exploring local art galleries, residents will find everything they need within walking distance.

The Avenue Coral Gables is poised to become a premier address in Coral Gables, offering a blend of luxury, convenience, and style. With its top-notch residence features and exceptional building amenities, it stands out as a top choice for discerning buyers and investors alike.

Key Considerations for Airbnb Investments in Coral Gables

Local Regulations

Before investing in an Airbnb property in Coral Gables, it is crucial to understand the local regulations regarding short-term rentals. The city strictly prohibits short-term rentals, defined as any period shorter than six months, from operating in residential districts. These rentals are only permitted in Coral Gables’ Commercial-Limited, Commercial, and Industrial Districts. Violating this regulation by listing a property in the city’s single-family residential districts can result in significant penalties, with fines of $150 per day. Ensure that your property is compliant with these zoning laws and obtain any necessary permits to avoid legal complications.

Property Management

Effective property management is essential for maximizing returns on your Airbnb investment. Consider engaging a reputable property management company like MasterHost to oversee the daily operations of your rental property. This includes guest communications, cleaning, maintenance, and ensuring that the property is always in top condition. Professional property management can enhance the guest experience, leading to positive reviews and repeat bookings, which are crucial for maintaining high occupancy rates and rental income.

Market Trends

Staying informed about the local real estate market trends in Coral Gables is vital for making strategic investment decisions. Monitor key metrics such as occupancy rates, average rental prices, and seasonal demand fluctuations. Understanding these trends can help you adjust your pricing strategy to maximize revenue. For instance, Coral Gables experiences peak rental demand in March, with occupancy rates reaching up to 66% and average daily rates peaking at $348. Being aware of these trends allows you to capitalize on high-demand periods and optimize your rental income.

Guest Experience

Providing an exceptional guest experience is key to securing positive reviews and repeat bookings, which are crucial for the success of your Airbnb investment. Ensure that your condo is well-maintained and offers modern amenities that meet the expectations of today’s travelers. High-impact glass windows, contemporary kitchen appliances, comfortable furnishings, and fast, reliable internet are just a few features that can enhance the guest experience. Additionally, clear communication and excellent customer service are paramount. Respond promptly to guest inquiries, provide detailed check-in instructions, and address any issues quickly to ensure a smooth and enjoyable stay for your guests.

Conclusion

Investing in condos for Airbnb in Coral Gables, Miami, presents a lucrative opportunity due to the city’s appeal to a wide range of travelers. By choosing the right property and managing it effectively, investors can achieve high occupancy rates and substantial returns. The aforementioned condos are some of the best options available, each offering unique benefits and investment potential.

Best Condos For Airbnb in Coral Gables, Miami