Leading real estate development firm MG Developer proudly announces a record-breaking milestone for their highly anticipated residential project, The Village at Coral Gables. The esteemed Spanish Colonial enclave achieved the highest price per square foot for new construction in Coral Gables. Villa 4, the corner residence on Santander Avenue, sold for $4.8 million at $1,675 per square foot. Setting a newfound standard of luxury living within the current market, this has solidified the city’s standing as one of the most sought-after residential communities in South Florida.
Inspired by the colonial aesthetic of 19th century Seville, Spain, The Village also honors Coral Gables’ rich history and lush landscapes with architecture by De La Guardia Victoria Architects & Urbanists. With sales for the remaining residences beginning at $2.65 million, condominium units boast layouts from one-bedroom to three-bedroom plus den configurations. Nestled within a pedestrian-friendly landscape, the property presents 24 flats, 16 three-story townhomes, four three-story lofts, and four two-story villas.
As each address is meticulously designed with bespoke finishes and private courtyards, residents are expected to move into their new homes later this summer. Located in the heart of Coral Gables, the development offers unparalleled proximity to the vibrant downtown area saturated by world-class dining, upscale shopping, and cultural attractions. The Village is designed to foster a sense of community while prioritizing privacy and exclusivity within a sophisticated urban sanctuary.
With the goal to create timeless residences melding together the rich architectural history of Coral Gables and contemporary luxury living, Alirio Torrealba, Founder & CEO of MG Developer, shares that MG Developer does more than “just create homes—[they] offer an opportunity to become part of the city’s beautiful storied past and its dynamic future.” Representing the buyer for this transaction was Ramon Dominguez of Lifestyle International Realty while the seller was represented by MG Developer’s Sales Director Anniella Tabraue and Banna Fakhoury of One Sotheby’s International Realty.
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