Old Cutler Bay
Homes for Sale in Coral Gables, FL

Old Cutler Bay market snapshot (as of September 12, 2026): the median sale price is about $16.98M ($2796 per sq ft over the trailing 12 months of closed sales), and a median 94 days on market for closed sales. The trailing-12-month median is up 70% from the prior 12 months, computed from record-level MIAMI MLS closed sales (8 closings in the current window).

In ZIP 33156 (Coral Gables), 381 homes closed in the last 12 months at a median of $1.10M ($382/sq ft), up 2.8% year over year, with a median 60 days on market. Right now 190 active and 53 pending listings — a buyer's market. See the live ZIP 33156 housing market and the Miami-Dade County market.

MIAMI REALTORS sales records identify 65 homes in OLD CUTLER BAY that have changed hands since 2006, built between 1965 and 2024 (median 1973), with a median living area of about 6,269 sq ft and a typical 5-bedroom, 5.5-bath layout; 100% are single-family homes. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Old Cutler Bay sits at the very top of the Miami-Dade price ladder, where per-square-foot pricing and lot characteristics matter more than any packaged amenity set.

At a median of $2,831.72 per square foot, this community sits well outside typical per-foot benchmarks, which is consistent with waterfront lots, larger footprints, and construction quality driving price rather than shared clubhouse or recreational infrastructure. Buyers should expect the appraisal and negotiation conversation to center on the physical asset — the parcel, the water access, the build — since there is no amenity package to underwrite part of the value.

A median 40-day market time at this price tier is a meaningful data point: it suggests that well-priced, well-presented estate properties are transacting on a reasonable timeline rather than languishing, even though the pool of comparable closings is thin. With only 10 closings in the window, sellers and buyers alike should lean on a specific, property-level comp analysis rather than trusting the median alone to set expectations.

A market this thin — 10 closings, a median price near $17 million, and per-square-foot figures north of $2,800 — punishes generic pricing models and rewards a broker who reads each closing individually rather than trusting an automated median. We build the comp set property by property, flag when a data point is an outlier versus a trend, and negotiate accordingly.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.