Coral Gables Merrick Residences
Mediterranean Revival meets boutique condo, in The City Beautiful.
An 11-storey condominium designed in Coral Gables' signature Mediterranean Revival vocabulary, two blocks from Miracle Mile. Two- to four-bed units, private courtyard with fountain, walking distance to Books & Books, Bulla Gastrobar, and the Biltmore Hotel.
About this project
Coral Gables — George Merrick's 1925 master-planned ''City Beautiful'' — protects its Mediterranean Revival aesthetic through tight zoning. New residential is rare, and what does get approved has to match the historic vocabulary.
Merrick Residences sits two blocks from Miracle Mile and a short walk to the Biltmore Hotel.
Why this project
- City-Beautiful aesthetic vocabulary
- Miracle Mile walkable
- Boutique 11-storey (no tower density)
- 2027 delivery
Amenities
- · Mediterranean Revival architecture
- · Central courtyard with fountain
- · Two blocks from Miracle Mile
- · Walking distance to the Biltmore
Project specifics
- Property type
- Condominium
- Status
- Under construction
- Address
- Coral Way at Granada Boulevard, Coral Gables, FL 33134
- Expected delivery
- October 2027
About the builder
The architect-driven Miami developer — Park Grove, Mr. C, Five Park.
Coconut Grove, Miami, Florida · est. 2001
Terra is the Pedro Martin–led Miami developer behind Park Grove (OMA / Rem Koolhaas), Five Park Miami Beach (Arquitectonica), Mr. C Residences (Kobi Karp + Tara Bernerd), and the Coral Gables Country Club redevelopment. Architect-driven, low-volume, hold-for-quality.
Visit Terra profile →The neighborhood
Mediterranean Revival, banyan canopies, old money.
Miami's most planned city, built in the 1920s by George Merrick. Banyan tunnels, Mediterranean facades, the University of Miami, and Miracle Mile — the neighborhood for buyers who find the towers too loud.
Explore Coral Gables →What's nearby
- Vizcaya Museum3.2 mi
- loanDepot Park (Marlins)3.3 mi
- Miami Int'l Airport (MIA)3.6 mi
- Brickell City Centre4.5 mi
- Brightline MiamiCentral4.6 mi
- Fairchild Tropical Garden5.1 mi
Before you commit, the answers most international buyers wish they'd read first.
What is FIRPTA, and how much will the IRS withhold when I sell my Miami property?
FIRPTA, the Foreign Investment in Real Property Tax Act, requires US buyers to withhold 15% of the gross sale price when buying real estate from a foreign person. You can reduce or eliminate this through a withholding certificate (Form 8288-B) filed before closing, based on your actual expected capital gain.
What is the Florida property tax cap, and how does Save Our Homes protect my Miami home?
Florida's Save Our Homes (SOH) amendment caps annual assessed-value increases at 3% (or CPI, whichever is lower) for homesteaded primary residences. Combined with the $50,000 Homestead Exemption, it's the single biggest tax shield for owner-occupants in Miami-Dade, but it does NOT apply to investment property or non-resident foreign buyers.
How does pre-construction escrow work in Florida (Section 718)?
Florida Statute 718 governs condominium pre-construction purchases. Deposits up to 10% must be held in an escrow account; additional deposits between 10% and 20% can be used by the developer with statutory disclosures. After 20% the developer can typically use funds for construction. All escrow disclosures must be in the Purchase and Sale Agreement.