There
are many fabulous places to call home but one of the most beautiful includes
more than 200 acres of lush shoreline along Biscayne Bay. The secluded
waterfront enclave known as Gables Estates represents the ultimate in living a life of opulence, luxury
and sophistication.
Gable
Estates was the loving creation of industrialist Arthur Vining Davis
who was the successful manager of Alcoa, the first company to manufacture
commercial aluminum. His estate was valued at $400 million at the time of his
death in 1962, and his private investments financed Gable Estates back in the
early 1960s. Sea-walled canals meander along the magnificent residences that
comprise Gable Estates.
Davis
envisioned a secluded, elitist community that exceeded in terms of amenities
the wildest dreams of the country’s richest of men and women. He created a demand
for memberships to the Gables Estates Club, which is required before an individual
is allowed to purchase one of the residences at Gables Estates.
The
homes in Gables Estates represent a blend of architectural styles encompassing Mediterranean, traditional Spanish,
Mediterranean and Art Deco flourishes. The interiors are grandiose with beautiful
cathedral ceilings, deluxe marble floors, spacious walk-in closets and
fireplaces.
Among
available Coral Gables real estate, this secluded community represents one of
the most difficult subdivisions to buy into. It is among the most desirable enclaves
both in South Florida and in the nation. Its location is secluded and yet within
easy access to Miami’s International Airport, Biscayne Bay, the University of
Miami, National Parks and the Greater Miami Area.
Gables
Estates is comprised of 170 estate homes located east of Old Cutler Road on
Biscayne Bay and those seeking to buy a home here must be sponsored by at least
two residents, not including the seller or anyone involved with the sale of a
home. Potential residents must also pay a hefty, non-refundable fee of $18,000,
which covers membership in the homeowner’s association. All of the homes in
Gables estates are at least 3,000 square feet in size and median home values are
currently at 2 million and up.
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