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 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.

 

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