The Avenue Coral Gables Location & Neighborhood
351 San Lorenzo Avenue, Coral Gables, FL 33146
The Neighborhood
What's within reach.
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Shops at Merrick Park Walking distance0.3 mi
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Miracle Mile Walking distance0.4 mi
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US-1 Direct access0.2 mi
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Miami Metrorail Short drive0.5 mi
Life at The Avenue Coral Gables
Coral Gables — one of the most carefully zoned and architecturally regulated cities in Florida — has historically restricted short-term rentals across its luxury condos. The Avenue's status as the first STR-approved residential building marks a significant moment for investor-buyers seeking Coral Gables luxury with Airbnb flexibility.
First STR-Approved in Coral Gables
The Avenue is the first new boutique condo building in Coral Gables to be approved for short-term rentals — a meaningful distinction in a market with strict leasing restrictions.
On-Site Hotel Management Office
The building includes an on-site Hotel & Residences Management office, providing professional short-term rental management for owners who prefer turnkey rental operations.
Adriana Hoyos Interiors
Interiors by Adriana Hoyos Design Studio — internationally recognized for residential and hospitality design, also serving Smart Brickell Luxe and other notable South Florida projects.
Steps from Shops at Merrick Park
Walking distance to The Shops at Merrick Park, Miracle Mile, and the broader Coral Gables retail and dining scene.
360-Degree Rooftop Views
Resort-style landscaped pool deck on Level 11 with unobstructed 360-degree views of Coral Gables — a rare offering in a height-restricted city.
The Avenue Coral Gables Investment & Market Outlook
Why Coral Gables Pre-Construction Outperforms
South Florida pre-construction has historically delivered double-digit appreciation between contract and delivery, especially in branded residences. Coral Gables specifically has seen sustained demand from international buyers seeking US dollar-denominated real estate, tax advantages from Florida's no-income-tax structure, and currency hedging against home-market inflation.
Branded residences like The Avenue Coral Gables typically command 25–35% price premiums over comparable non-branded inventory in the same submarket, and resale price retention has consistently outpaced the broader Miami condo index over the past decade.
Friends & Family Pricing
As pre-construction specialists with direct developer relationships, we offer qualified buyers access to friends-and-family pricing — typically 4–8% below current public release pricing — along with extended deposit schedules, custom unit selection, and priority on the most desirable exposures and floors.
Deposit Structure
Standard Coral Gables pre-construction deposit structures range from 20% at contract to 50% by delivery, with milestone payments at groundbreaking, top-off, and certificate of occupancy. The Avenue Coral Gables follows the Coral Gables market standard. Our team can walk you through the full deposit schedule and any current developer incentives reducing the at-contract deposit requirement.
How to Reserve a Residence at The Avenue Coral Gables
Pre-construction purchases follow a different path than resale transactions. Here's what to expect, step by step.
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01
Initial Consultation
We start with a 30-minute call to understand your goals — primary residence, investment, legacy asset — and walk you through current availability, pricing tiers, and the floor plans best suited to your needs.
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02
Floor Plan Selection & Reservation
Once you've narrowed your selection, a refundable reservation deposit (typically $25,000–$100,000) holds your residence for 14–30 days while contracts are prepared. You'll receive the full developer reservation package and the most current pricing for your specific unit.
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03
Contract & First Deposit
The purchase contract is executed with the developer, and the first deposit (typically 10–20% of the purchase price) is wired to the developer's escrow account at a Florida-licensed institution. All funds are protected under Florida pre-construction escrow law until milestones are reached.
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04
Construction Milestones
Subsequent deposits are released as construction reaches defined milestones — typically groundbreaking, top-off, and certificate of occupancy. You'll receive quarterly construction updates, photo documentation, and the option to tour the unit once interiors are roughed in.
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05
Closing & Delivery
At closing, the final balance is funded (cash or financing via approved lenders), title transfers, and you receive keys. Closing typically occurs 30–60 days after the developer issues the certificate of occupancy. Move-in coordination, designer access, and Mercedes-Benz/Bentley/Armani concierge enrollment all happen at this stage.
The Avenue Coral Gables FAQs
Answers to the most common questions about The Avenue Coral Gables pricing, amenities, and policies. For anything else, our team is here to help.
How much do The Avenue Coral Gables condos cost?
The Avenue pricing starts at approximately $625,000 for 1-bedroom units (571 sq ft). 2-bedrooms from $850K reaching $1.2M for larger 978 sq ft layouts. Pricing varies; contact our team for the latest availability.
Can I Airbnb my Avenue unit?
Yes — The Avenue is Coral Gables' first new boutique condo building approved for short-term rentals. Owners can use Airbnb, VRBO, or any short-term rental platform. The building includes an on-site Hotel & Residences Management office for owners who want professional rental management.
Why is short-term rental approval significant here?
Coral Gables historically restricts short-term rentals across its luxury condos to preserve neighborhood character. The Avenue's STR approval makes it among the only Coral Gables condos where investor-buyers can Airbnb their units — a unique value proposition in this market.
Who is the developer?
The Avenue is developed by Roger Development Group.
Who designed The Avenue?
Architecture by Bermello Ajamil & Partners. Interiors by Adriana Hoyos Design Studio.
When will The Avenue be completed?
Construction began November 2023 with foundation pour April 2024. Delivery is targeted for 2025-2026.
How many residences does The Avenue have?
54 fully furnished 1- and 2-bedroom residences across 9 stories, with 3,861 sq ft of ground-floor luxury retail.
What's included in each residence?
Smart home-ready data lines and fiber internet, 9 to 11 ft ceilings, porcelain flooring options, European kitchens with imported cabinets, high-arc gourmet faucet with integrated sprayer, custom finished floor, frameless glass shower enclosure, Sub-Zero refrigerators, and Wolf cooktops.
