HomeCondos for SaleGables PlazaUnit 103
625 Biltmore Way, Unit 103
625 Biltmore Way, Unit 103 photo 1625 Biltmore Way, Unit 103 photo 2625 Biltmore Way, Unit 103 photo 3625 Biltmore Way, Unit 103 photo 4625 Biltmore Way, Unit 103 photo 5625 Biltmore Way, Unit 103 photo 6625 Biltmore Way, Unit 103 photo 7625 Biltmore Way, Unit 103 photo 8
+34 more
$625K

Gables Plaza Unit 103

625 Biltmore Way, Unit 103 • Coral Gables, FL 33134

at Gables Plaza

Beds
2
Baths
2
Living Area
1,206 SF
Price / SF
$518
HOA / Monthly
$1,596
Days on Market
0
Insider Price

About This Unit

Beautifully upgraded 2-bedroom, 2-bath residence featuring a spacious layout and offered fully furnished for true turnkey living. This modern home showcases high-end finishes, 10-foot ceilings, hurricane-impact windows, and motorized shades in the living areas. Lots of closet space which include 3 walk ins & 2 for linens/storage. Enjoy the ease of first-floor living with amenities just steps away, including the pool, jacuzzi, and sauna—no elevator needed for daily convenience. Additional highlights include covered parking and a private exterior storage unit. Ideally located directly across from Granada Golf Course and just a short walk to Miracle Mile, offering premier dining, cafés, shopping, and everyday conveniences. Gables Plaza is a well-managed, boutique building in the heart of Coral Gables. All required certifications are in place with no special assessments. SIRS and Milestone reports have been completed and are available, providing added confidence for buyers. Enjoy two-zone A/C powered by the association, which includes cooling and water heating—helping keep monthly electric expenses remarkably low. 3D Matterprot tour available for immediate virtual viewing, please inquire.

Pricing at Gables Plaza — $518/sqft
Gables Plaza Unit 103 is listed at $518/sqft.
Gables Plaza Unit 103 vs Active Listings at Gables Plaza: This condo is -2.4% lower ($13/less per sqft) than the building's active 2BR median of $531/sqft, based on 2 active 2BRs.
Gables Plaza Unit 103 vs Recent Sold Listings at Gables Plaza: This unit is +15.9% higher (+$71/more per sqft) than recent 2BR sales (median $447/sqft, based on 2 sales over 9 months).
Insider Negotiation Strategy: 2BR units at Gables Plaza typically close at 100.0% of asking. At that ratio, this unit could plausibly trade around $625,063.
Based on live MIAMIRE active & closed listings at Gables Plaza.
Time on Market — 0 days
Gables Plaza Unit 103 has been on the market for 0 days.
This unit's 0 days on the market is 43 days shorter than the active 2BR median of 43 days (-100.0%).
Estimated Monthly Cost
Mortgage (P&I)
$3,394
HOA
$1,596
Property Tax
$612
Total / mo
$5,602
Assumes 7.20% rate on 20% down (30-year fixed). Tax effective rate 1.17%. HOA $1.32/sqft · All-in $4.64/sqft / month. Excludes wind / flood / contents insurance — verify your actual rate with a lender.

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Recent Comparable Sales

Active 2BR Comps at Gables Plaza

UnitListSqft$/sqftDOM
#1103 $595,000 1,093 $544 86
#103 $625,000 1,206 $518 0

Recent Closed 2BR Sales

ClosedUnitSold$/sqftvs List
2025-09-04 #902 $500,000 $392 100.0%
2026-04-29 #102 $550,000 $501 100.0%
Comps are limited to the same bedroom count. Sold prices reflect what closed buyers actually paid.
Insider Notes from Ricky
  • Gables Plaza is a 14-story mid-rise at 625 Biltmore Way, Coral Gables, FL 33134, built 1969. Currently 1 active listing on the market, with active asking prices ranging up to $595K.
  • Neighborhood: Coral Gables. Coral Gables is George Merrick's planned 1920s 'City Beautiful' -- Mediterranean Revival architecture written into the zoning code, oak canopy that survived a half-dozen hurricanes. Older neighborhood feel, school quality (Carrollton, St. Hugh, public Coral Gables Senior), and the University of Miami sits within the city.
  • Buyer profile here: Family buyers, established-wealth primary residents, multigenerational ownership patterns. Larger Spanish-speaking buyer share than other Miami neighborhoods.
  • Built 1969 (now 57 years old) -- past Florida's 25-year structural recertification trigger.
  • Mid-tier condo inventory ranging up to $595K.
  • At 14 stories, Gables Plaza is low-rise scale -- fewer total units typically means a more intimate building feel.
  • Compared anchor: Compared to Coconut Grove (bohemian-water, marinas), Gables is Mediterranean-formal, structured around the Miracle Mile shopping core.
  • Rental rules vary per association in this market -- most Miami-Dade condos require 6 or 12-month minimum leases. Verify per-association before assuming Airbnb potential.
  • Pre-offer diligence: Coral Gables broadly restricts short-term rentals citywide. Most associations require 6 or 12-month minimums.
  • Ricky has worked the Coral Gables market for years and can pull HOA documents, recent comps, and reserve study status on any unit you're considering. Text (305) 33-RICKY -- that's (305) 337-4259 -- for a same-week walk-through.
What to Verify
Flood Zone: This unit is in flood zone AH. High-risk shallow-flooding zone. Insurance typically required.
Building Age: Built in 1969 (57 years old) — past Florida's 40-year recertification trigger; verify milestone status.
Ricky will verify all of the above with the HOA before closing.
💰 Current Owner's Cost Basis
The current owner bought this unit Apr 2021 for $395,000 — held 5 years. They’re now asking $625,000+58.2% (+$230,000) vs. cost basis.
Source: most recent qualified deed on file with the Miami-Dade Property Appraiser.
Sales History
Date Price Type
Apr 2021 $395,000 arm’s-length
Jun 1987 $93,500 arm’s-length
Nov 1979 $89,900 arm’s-length
Source: Miami-Dade Property Appraiser. This unit owns 1.0805% of the building’s common elements. County living area: 1,206 sqft.
Building: Gables Plaza
Unit: 103
Year Built: 1969
Stories: 14
City: Coral Gables
Postal Code: 33134
HOA Fee: $1,596 / Monthly
View: Other View
Waterfront: No
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 0
Listed: May 4, 2026
MLS #: A12004858

Location

Tour with Ricky

Schedule your private showing. Get pricing history, negotiation strategy, and the things the listing won't tell you.

Text or Call (305) 33-RICKY
That's (305) 337-4259
Email About This Unit
Listing courtesy of: Coldwell Banker Realty
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A12004858 • Updated May 4, 2026
Ricky Garcia Miami Realtor
Your Miami Insider

Ready to Make an Offer?

Ricky Garcia  |  Global Luxury Realty  |  License #3521781

Ricky has closed deals at Gables Plaza. He knows the HOA, the best floors, and which units to avoid. Get a free no-pressure market analysis before you make any offer.

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