Home » Most Expensive Neighborhoods » Coral Gables » Granada Place/ Granada Terrace

Description

Granada Place and Granada Terrace are two distinguished neighborhoods located in the historically rich and architecturally vibrant city of Coral Gables, Florida. These areas epitomize the vision of George E. Merrick, who founded Coral Gables in the 1920s as one of the nation’s first planned communities, infusing it with distinct Mediterranean Revival style that continues to draw admiration.

Development History

The development of Granada Place and Granada Terrace was integral to Merrick’s broader plan for Coral Gables, which was designed to offer an idyllic blend of residential tranquility and aesthetic elegance. These neighborhoods were developed during the Florida land boom...


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Granada Place and Granada Terrace are two distinguished neighborhoods located in the historically rich and architecturally vibrant city of Coral Gables, Florida. These areas epitomize the vision of George E. Merrick, who founded Coral Gables in the 1920s as one of the nation’s first planned communities, infusing it with distinct Mediterranean Revival style that continues to draw admiration.

Development History

The development of Granada Place and Granada Terrace was integral to Merrick’s broader plan for Coral Gables, which was designed to offer an idyllic blend of residential tranquility and aesthetic elegance. These neighborhoods were developed during the Florida land boom of the 1920s, a period characterized by rapid growth and ambitious architectural undertakings. Granada Terrace, in particular, was designed to feature spacious single family homes with expansive lots, ensuring privacy and exclusivity for its residents. The area's layout was carefully planned to include tree lined streets, wide avenues, and lush green spaces that highlight the natural beauty of South Florida.

Community and Lifestyle

Both Granada Place and Granada Terrace today are reflective of Coral Gables’ overall atmosphere, which is one of sophistication and quiet luxury. The neighborhoods are known for their well manicured landscapes, stately homes, and streets that showcase the classic Coral Gables canopy of banyan trees and tropical foliage. This environment provides a serene living experience that is highly valued by residents. Residents in these areas enjoy access to a plethora of Coral Gables’ amenities, including world class golf courses, country clubs, and the historic Venetian Pool. Additionally, the proximity to downtown Coral Gables means easy access to high-end shopping, fine dining, and cultural institutions like art cinemas and galleries.

Architectural Significance

The homes in Granada Place and Granada Terrace often feature Mediterranean Revival architecture, which is synonymous with George Merrick’s vision. This style is characterized by stucco walls, red tile roofs, arched doorways, and intricate ironwork, which collectively imbue the neighborhoods with a romantic, old-world charm. Many homes have been preserved or restored to maintain their historical integrity while incorporating modern conveniences.

Real Estate Market

The real estate market in Granada Place and Granada Terrace remains robust, with homes often fetching premium prices due to their architectural significance and desirable location. The stability of property values in these neighborhoods is bolstered by their historic status and ongoing community preservation efforts. Granada Place (also known as Granada Terrace) in Coral Gables is a historic neighborhood known for its charming Mediterranean Revival homes, tree-lined streets, and proximity to Coral Gables’ cultural landmarks. Here’s an overview of notable architects, famous residents, and helpful links for further information:

Notable Architects

  1. George Merrick – The visionary behind Coral Gables, Merrick developed the Mediterranean Revival aesthetic that characterizes Granada Place. Though he wasn’t an architect, Merrick’s influence was instrumental in shaping the neighborhood.
  2. Phineas Paist – Merrick’s chief architect, Paist, contributed heavily to Coral Gables’ signature look, designing numerous homes and public spaces in the Mediterranean style, which are seen throughout Granada Place.
  3. Walter De Garmo – As one of Coral Gables’ most prominent early architects, De Garmo’s designs are marked by arched entryways, stucco exteriors, and terracotta roofs, which are characteristic of Granada Place’s historical architecture.

Famous Residents

Granada Place has attracted several notable figures over the years due to its historical charm and proximity to Coral Gables’ bustling center:
  1. Al Capone – While he primarily resided on Palm Island, Capone reportedly owned property in Coral Gables and is linked to Granada Place’s history as part of Miami’s early real estate development.
  2. Business Executives and Local Politicians – Due to its location near Miracle Mile and Downtown Coral Gables, Granada Place has been popular with Miami business executives and political figures who value its historical appeal and central location.

Nearby Parks and Places

  1. Granada Golf Course – Granada Golf Course - A historic nine hole course near Granada Place, offering a scenic golfing experience.
  2. Venetian Pool – Venetian Pool - A landmark spring fed pool with waterfalls and grottoes, located nearby and offering a unique recreational option.
  3. Miracle Mile – Miracle Mile - Coral Gables’ premier shopping and dining area, within walking distance from Granada Place.

Helpful Links

Granada Place remains one of Coral Gables’ most charming historical neighborhoods, attracting those who appreciate its rich architecture, lush surroundings, and proximity to the city’s cultural and recreational offerings.  

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For Sale (16)
Pending (1)
For Rent (16)
Sold (16)
Rented (16)

Current Listings

Status Key: CS Coming Soon A Active AC Active With Contract P Pending RNT For Rent
Address St Price Bed/Bath FTΒ² $/SF CDOM
7851 48th Pl, Miami, FL 33143 A $5,500,000 5/5.5 3,461 $1,589
1407 San Marco Ave, Coral Gables, FL 33134 A $2,675,000 4/3 2,014 $1,328
1203 Madrid St, Coral Gables, FL 33134 A $1,695,000 3/2
1230 Pizarro St, Coral Gables, FL 33134 A $1,400,000 3/2 1,403 $998
1102 Genoa St, Coral Gables, FL 33134 A $1,225,000 3/1 1,334 $918
1256 Algeria Ave, Coral Gables, FL 33134 A $1,100,000 2/2 1,300 $846
5152 6th St, Miami, FL 33134 A $1,085,000 5/4 1,765 $615
812 Columbus Blvd, Coral Gables, FL 33134 A $850,000 2/2 1,276 $666
9341 Bay Harbor Dr #PH-B, Bay Harbor Islands, FL 33154 A $757,000 2/2.5 1,640 $462
201 Ocean #603, Pompano Beach, FL 33062 A $385,000 2/2 1,000 $385
201 Ocean Blvd #509, Pompano Beach, FL 33062 A $350,000 1/1 775 $452
201 Ocean #302, Pompano Beach, FL 33062 A $345,000 1/1 775 $445
8701 141st St #L5, Palmetto Bay, FL 33176 A $281,999 2/2 777 $363
201 Ocean #1102, Pompano Beach, FL 33062 A $275,000 1/1 775 $355
8701 141st St #K6, Palmetto Bay, FL 33176 A $274,900 2/2 777 $354
8701 141st St #H6, Palmetto Bay, FL 33176 A $261,000 2/2 777 $336
2002 Granada #E1, Coconut Creek, FL 33066 AC $75,000 1/1.5 798 $94
1015 Madrid, Coral Gables, FL 33134 RNT $6,750 3/2 1,385 $5
#9E, Coral Gables, FL 33134 RNT $5,500 3/3 1,650 $3
5171 6th St, Miami, FL 33134 RNT $4,950 4/3 1,192 $4
1301 MILAN AVE #5, Coral Gables, FL 33134 RNT $3,800 1/1 900 $4
2002 Granada #K3, Coconut Creek, FL 33066 RNT $3,500 2/2 1,156 $3
201 Ocean #208, Pompano Beach, FL 33062 RNT $3,100 2/2 1,100 $3
201 Ocean #Ph1, Pompano Beach, FL 33062 RNT $3,000 1/1 775 $4
201 Ocean #410, Pompano Beach, FL 33062 RNT $2,800 1/1 775 $4
1301 MILAN AVE #3, Coral Gables, FL 33134 RNT $2,700 1/1 700 $4
8701 141st St #L3, Palmetto Bay, FL 33176 RNT $2,400 2/2 777 $3
201 Ocean #1106, Pompano Beach, FL 33062 RNT $2,350 1/1 775 $3
8701 141st St #H3, Palmetto Bay, FL 33176 RNT $2,300 2/2 777 $3
8701 141st St #L6, Palmetto Bay, FL 33176 RNT $2,195 2/2 777 $3
1209 Aguila Ave, Coral Gables, FL 33134 RNT $1,850 1/1 893 $2
2001 GRANADA #L2, Coconut Creek, FL 33066 RNT $1,800 2/2 1,156 $2
5115 5th St, Miami, FL 33134 RNT $1,750 2/1 350 $5

Recent Sold & Rented

Address St Price FTΒ² $/SF Sold / Rented Date
1400 Madrid St, Coral Gables, FL 33134 SOLD $895,000 1,582 $566 08/20/2026
1110 Pizarro St, Coral Gables, FL 33134 RENTED $5,800 1,787 $3 07/17/2026
1418 Cordova St, Coral Gables, FL 33134 RENTED $7,500 1,436 $5 07/01/2026
1015 Pizarro St, Coral Gables, FL 33134 RENTED $6,200 1,519 $4 06/25/2026
5181 7th St, Miami, FL 33134 SOLD $720,000 1,820 $396 06/22/2026
5181 5th St, Miami, FL 33134 SOLD $734,000 1,572 $467 06/18/2026
2005 Granada Drive #K1, Coconut Creek, FL 33066 SOLD $97,000 1,156 $84 06/03/2026
1428 Medina Ave, Coral Gables, FL 33134 RENTED $7,390 2,017 $4 06/01/2026
1240 Ortega Ave, Coral Gables, FL 33134 RENTED $5,700 2,071 $3 06/01/2026
9980 128th St #9980, Miami, FL 33176 RENTED $7,250 2,792 $3 05/23/2026
1501 Lisbon St, Coral Gables, FL 33134 RENTED $6,300 1,296 $5 05/14/2026
1212 Aguila Ave, Coral Gables, FL 33134 RENTED $7,300 1,557 $5 05/11/2026
837 Alberca St, Coral Gables, FL 33134 RENTED $6,300 1,576 $4 04/02/2026
5000 5, Miami, FL 33134 SOLD $615,000 1,634 $376 04/02/2026
1514 Capri St, Coral Gables, FL 33134 RENTED $6,700 2,333 $3 04/01/2026
1114 Genoa St, Coral Gables, FL 33134 RENTED $6,050 1,870 $3 03/20/2026
4845 78th St, Miami, FL 33143 SOLD $8,800,000 8,485 $1,037 02/25/2026
2005 Granada Dr #N2, Coconut Creek, FL 33066 SOLD $95,000 1,156 $82 02/17/2026
9341 Bay Harbor Dr #4C, Bay Harbor Islands, FL 33154 SOLD $675,000 1,510 $447 02/17/2026
1433 Ortega Ave, Coral Gables, FL 33134 SOLD $975,000 1,362 $716 01/30/2026
1409 Medina Ave, Coral Gables, FL 33134 SOLD $950,000 1,273 $746 01/14/2026
1231 Ferdinand St, Coral Gables, FL 33134 RENTED $5,900 1,784 $3 01/01/2026
814 Capri St, Coral Gables, FL 33134 SOLD $915,000 1,366 $670 12/02/2025
1240 La Mancha Ave, Coral Gables, FL 33134 SOLD $887,500 1,395 $636 11/05/2025
1401 Red, Coral Gables, FL 33144 SOLD $877,500 2,261 $388 10/17/2025
817 Lorca St, Coral Gables, FL 33134 SOLD $675,000 1,534 $440 10/16/2025
1503 Genoa St, Coral Gables, FL 33134 RENTED $9,500 2,456 $4 10/15/2025
1208 Mariana Ave, Coral Gables, FL 33134 RENTED $7,800 2,028 $4 10/14/2025
1261 San Miguel Ave, Coral Gables, FL 33134 RENTED $6,200 1,460 $4 10/01/2025
1230 Pizarro St, Coral Gables, FL 33134 SOLD $850,000 1,403 $606 09/24/2025
2002 Granada Dr #G3, Coconut Creek, FL 33066 SOLD $60,000 742 $81 09/19/2025
1202 Ferdinand, Coral Gables, FL 33134 RENTED $6,500 1,942 $3 09/12/2025
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