Direct Answer
Ponce Park Residences is a 58 residence boutique condominium rising at 3000 Ponce de Leon Boulevard in Coral Gables, directly beside Ponce Circle Park and steps from Miracle Mile. Developed by The Allen Morris Company, with architecture by John Cunningham with Zyscovich and interiors by Meyer Davis, it offers two to five bedroom residences from about 1,900 to 6,500 square feet, priced from $3.35M in published availability as of October 2026. Construction began in December 2025 and completion is expected in early 2028. It suits buyers who want park front, ultra luxury living in the Gables and are comfortable buying pre-construction.
Ponce Park Residences in Coral Gables: A Buyer's Guide
Some buildings sell a view. Ponce Park Residences sells a setting. Set at 3000 Ponce de Leon Boulevard, directly alongside Ponce Circle Park and a short stroll from Miracle Mile, it is the Gables' most prominent new luxury address, and it was designed from the start around its relationship with the park outside its doors.
If you are considering new construction in Coral Gables, here is an honest look at what Ponce Park is, who it is for, and what to know before you buy.
Where It Sits, and Why the Location Matters
Ponce Park occupies the block bounded by Catalonia Avenue, Ponce de Leon Boulevard, and Malaga Avenue, with Ponce Circle Park as its front yard. Miracle Mile's shops and restaurants are steps away, and The Plaza Coral Gables sits directly across the street.
Location news worth knowing: in October 2026, the City of Coral Gables unveiled a $10 million-plus redesign of Ponce Circle Park, with The Allen Morris Company serving as development manager. The new park will feature a monumental Frank Stella sculpture in a reflecting pool, an open air stage, and new street crossings, with construction planned from January 2027 and completion expected in the first quarter of 2028. Buying beside a park is one thing. Buying beside a park that is being transformed at the same time the building rises is another.
The Residences
Ponce Park will hold 58 residences across 11 stories, a deliberately small collection. Published plans span 26 layouts across two, three, four, and five bedroom homes, from about 1,900 to more than 6,500 square feet for the penthouses.
The details read like a private residence rather than a typical condo: ceilings rising to 11 and 12 feet, an 11 foot deep terrace with a summer kitchen on every home, chef grade kitchens, Italian wood cabinetry, spa style baths with freestanding soaking tubs, and smart home technology throughout. Interiors and amenity spaces are by the Meyer Davis studio, and the architecture, by John Cunningham with Zyscovich, nods to Coral Gables' Mediterranean character with a contemporary hand.
Pricing in the developer's published availability sheet dated October 15, 2026 starts at $3.35M, with the collection reported to range up to about $6.4M. One brokerage reported the project roughly half sold as of fall 2026, with residences still available in every line. Prices and availability change as homes sell, so any residence you are considering should be confirmed on request.
Amenities and the Life Around Them
The amenity program covers about 30,000 square feet. A rooftop pool and residents' lounge crown the building with views across the Gables, joined by a spa, fitness center, Sky Bar, and an artisanal café. At street level, about 22,000 square feet of curated retail will include Quintín, an indoor outdoor restaurant opening onto Ponce de Leon Boulevard.
The feeling the developer is after is hotel style ease without leaving the neighborhood: swim in the morning, coffee downstairs, dinner on Miracle Mile, all within a few blocks.
Buying Pre-Construction: What to Expect
Ponce Park broke ground in December 2025, and the developer anticipates completion in early 2028. All dates are estimates and can shift, so treat the timeline as a plan, not a promise.
A few practical notes for pre-construction buyers:
Deposits are staged. Expect a series of deposits tied to milestones, with the balance due at closing. Ask for the developer's current schedule in writing before you reserve, since terms are set by the developer and can change.
The developer's documents matter more than the brochure. Before signing, review the condominium documents, the budget, and the milestone schedule with your own attorney. Renderings show intent. Documents show obligations.
Resales and assignments have rules. If your plans might change before 2028, understand the developer's policy on assigning your contract to another buyer before closing.
Work with a realtor who knows the Gables, not just the sales gallery. The sales team represents the developer. Your own agent, one who knows Coral Gables block by block, represents you. If you are weighing Ponce Park against a resale home or another new building, that independent perspective is worth having early.
Ponce Park or CORA Merrick Park?
The two new developments buyers ask about most are Ponce Park and CORA Merrick Park, and they are genuinely different choices. Ponce Park is park front ultra luxury: larger residences, from $3.35M, aimed at buyers who want presence and scale in the heart of the Gables. CORA Merrick Park, at 4241 Aurora Street, is the wellness play: 74 residences from the $900,000s, designed around health and well being, including participation in the WELL for residential program. I recorded a walkthrough of CORA with Carlos Escoto that shows the lifestyle difference clearly, and I will be publishing a full buyer's guide to CORA next in this series.
Frequently Asked Questions
How much do residences at Ponce Park cost?
Published availability as of October 2026 starts at $3.35M, based on the developer's availability sheet dated October 15, 2026. The collection has been reported to range up to about $6.4M. Pricing is set by the developer and changes as residences sell.
When will Ponce Park be completed?
Construction began in December 2025, and the developer anticipates completion in early 2028. Treat all dates as estimates.
Who is developing Ponce Park?
The Allen Morris Company, a Miami based firm with more than 65 years and over 85 developments across the Southeast. Architecture is by John Cunningham with Zyscovich, and interiors are by the Meyer Davis studio.
How many residences are there, and what sizes?
58 residences across 11 stories, with 26 published layouts spanning two to five bedrooms, from about 1,900 to more than 6,500 square feet.
Is Ponce Park a good investment?
New construction beside a major civic park investment has a reasonable story behind it, but no one can promise appreciation. Buy because the home, the location, and the timeline suit your life. Investment potential is a secondary question to answer with your financial advisor, not a sales presentation.
Can I buy at Ponce Park if I live outside the United States?
Yes, international buyers purchase pre-construction in Coral Gables regularly. You will want guidance on financing as a nonresident, tax considerations, and how title is held, ideally from a Florida attorney and a cross border tax advisor alongside your realtor.
A Quiet First Step
Ponce Park is a considered purchase, and it deserves a considered process. I am Alexandra Zeidan, a Coral Gables based realtor with about 11 years of experience. I work on my own, and my practice centers on luxury homes and new construction in Coral Gables. I have been following Ponce Park since before groundbreaking, and I recorded an early video tour of the project on my YouTube channel that gives you a feel for the setting.
If Ponce Park is on your list, I would be glad to walk you through the current availability, compare it honestly with CORA and with resale options in the Gables, and help you decide whether the timing is right. You can reach me through alexandrazeidan.com.
From strategy to sold, the right home starts with the right information.
