Coral Gables Condos for Sale Under $500,000

Find the Coral Gables condo that fits your life, with the association, the fees and the offer understood before you commit.

Live BeachesMLS listings matching this search in Coral Gables, Florida, updated throughout the day.

The entry-level condo market in Coral Gables is made of studios and one- and two-bedroom apartments in older buildings, a few of them from the city's early years. The David William on Biltmore Way and Gables Waterway Towers on the Coral Gables Waterway belong on this page, alongside buildings such as Santona, Puerta de Palmas and Villa Capri. What a buyer gets is a Coral Gables address in a modest building rather than resort amenities, so the building's condition matters more than the unit's finishes. Florida's milestone inspection and structural integrity reserve study apply at three stories and above, so read both with the budget and any planned assessment. Near the university, ask how many units are leased and whether the building caps rentals.

16 listings, newest first.

The 16 listings on this page run from $390,000 to $500,000, with a median of $489,000, about $516 per square foot, and they have been listed a median of 53 days.

The communities with the most listings here are Gables Waterway Towers Co (6), Puerta De Palmas (3) and 1300 Ponce (2), 11 of the 16; the others are spread across 5 more communities. All of them are condos. Bedrooms run from 1 to 2, a median of 1; they were built between 1969 and 2009, a median of 2003. 6 are on the water. They sit in 2 ZIP codes: 33133 and 33134.

Ask About These Coral Gables Condos Under $500,000

Tell us which of these homes you want to see, or what you are looking for that is not here, and a Coral Gables agent replies with the homes that fit, the questions to ask about each and a time to see them. Call or text (786) 914-1017 or send the form on this page.

Coral Gables Condos Under $500,000: What Is on the Market

What the 16 condos under $500,000 for sale in Coral Gables tell you about this market, counted from the listings on this page as of November 9, 2026. Every figure moves with the inventory. Ask about any of these homes or request a showing from this page.

Listings on this page16
Asking prices$390,000 to $500,000
Median asking price$489,000
Median price per square foot$516/sq ft
Median living area910 sq ft
Bedrooms1 to 2, median 1
Year built1969 to 2009, median 2003
Median association fee (condos)$1,140/mo
Median days on market53 days
Listings with a price cut2 of 16
On the water6 of 16
With ocean access2 of 16
No fixed bridges to the inlet2 of 16
Garage spaces1 to 2

Communities With the Most Listings

CommunityListingsMedian asking price
Gables Waterway Towers Co6$489,000
Puerta De Palmas3$486,000
1300 Ponce2$495,444

Counted from the listings on this page, BeachesMLS, as of November 9, 2026. Asking prices, not sale prices. Not an appraisal.

Coral Gables Condos Under $500,000: Questions Buyers Ask

How much do condos under $500,000 cost in Coral Gables?
The 16 condos under $500,000 for sale in Coral Gables on this page ask from $390,000 to $500,000, a median of $489,000 or about $516 per square foot, from BeachesMLS listings as of November 9, 2026. Asking prices are not sale prices: the Coral Gables housing market report shows what homes closed for.
How many condos under $500,000 are for sale in Coral Gables right now?
16 condos under $500,000 are listed for sale in Coral Gables as of November 9, 2026, and the typical one has been on the market 53 days; 2 of them have cut the asking price since listing. The list refreshes from the MLS through the day, and the alert on this page sends each new one the day it lists.
Which Coral Gables communities have condos under $500,000 for sale?
Gables Waterway Towers Co (6, median $489,000), Puerta De Palmas (3, median $486,000) and 1300 Ponce (2, median $495,444) hold the most condos under $500,000 for sale in Coral Gables today. The rest are spread across 5 more communities.
What are the association fees on condos under $500,000 in Coral Gables?
The median association fee on the condos in this search is $1,140 a month, from $450 to $1,409, as the listings state them as of November 9, 2026. The fee depends on what the association covers, from insurance and reserves to staff and amenities; we read the budget, the reserve study and any assessment before you offer.

Before You Buy: The Guides

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