Coral Gables, Florida Homes for Sale Under $1M

736 Anastasia Ave., Coral Gables, FlLiving in Coral Gables, Fla. can be expensive, with homes near the water running $20 million or more. But this prime area with its thriving downtown away from the beach shouldn't be reserved for the mega-rich. Just head inland a bit to find a great Coral Gables home for less than $1 million.

It's a great city to live in, with a downtown commercial district along Ponce de Leon Boulevard that is more than two miles long and four blocks wide. A free trolley circulates around this main artery.

For less than $1 million, here are three homes in Coral Gables that might spark your interest in moving to "City Beautiful" and enjoying one of the most pedestrian-friendly in the country. They're not right on the beach, but at less than $1 million, it might be a sacrifice worth making.
736 Anastasia Ave., Coral Gables, FlHouse #1: $999,999 with a pool

This house at 736 Anastasia Ave. is less than six blocks from the historic and luxurious Biltmore Hotel. It's a great location near downtown.

The home is 2,121 square feet on a half-acre, with four bedrooms and two-and-a-half bathrooms. Features include an updated kitchen, impact-resistant windows (except for one window that opens), and terrazzo floors. It also has a pool and a big backyard. Built in 1949, the home shows its age and could use some work, or as the real estate agent suggests, could be torn down and a dream home built in its place.

The average for-sale price of similar homes in the area is $937,960.

House #2: $999,900 for lots of space

14500 64th Ct., Corabl Gables, FlThe house at 14500 64th Court isn't on the water, but it's close: It's within walking distance of some waterways at nearby Deering Bay Yacht & Country Club. It's a tri-level house in a gated community, with neighborhood access to the Deering Bay boat ramp.

The house has 4,761 square feet -- more than twice as much as the first house -- and has four bedrooms, three bathrooms, and other huge rooms throughout. The house was completely renovated with mahogany windows and doors, and has 15-foot wood-beamed ceilings in the living areas. A two-story master bedroom has a large walk-in closet and screened porch. There's also has a pool, hot tub, and a sundeck upstairs, off a loft in the master.

The price dropped 7 percent, or $75,100 in February, so it's like buying a $1,075,000 house for $999,900. Comparable homes in the area have sold for $967,000.

House #3: $999,000 condo with amenities

13621 Deering Bay Dr., Coral Gables, FlIf a condo is more your style, this one at 13621 Deering Bay Dr. is a good pick for less than $1 million. It's near House No. 2, so it's in a neighborhood close to the water. Plus it has views of the golf course, so if golf is your game, you're set.

If you don't want to have to deal with yardwork and don't want to leave home to go to the gym, living in a condo can offer amenities to make life easier. This condo has a pool, exercise room and tennis courts, providing plenty of chances to exercise. Boat slips are also nearby.

There's 2,814 square feet, which is huge for a condo -- three bedrooms and a bathroom. It was built in 2003.

Comparable homes aren't available on the real estate listing for this condo, but a three-bedroom condo with 3,500 square feet is selling for $1,349,000.

Our pick: House #2.

For the price of $999,900, this huge house seems like a great deal. All of the rooms are beautiful, and it's in a fantastic location near the water. Big rooms and 4,761 square feet of living space make it a place to stretch out.

See more great homes in Coral Gables, Fla., at AOL Real Estate.
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