For SaleLandActive
720 Lugo Ave
Coral Gables, FL 33156
$19,800,000
188 Days On Site
- 0.735Acres
- 0100Zoning
- Miami-DadeCounty
- Subdivision
- Coral Bay Sec B
- County
- Miami-Dade
- MLS®
- A12013324
Overview
"My Paradise” lives up to its name. Double waterfront parcels. Set on a remarkable 32,025 SF lot with 250 feet of unobstructed, pristine waterfront views on both sides, this exceptional property presents a rare opportunity to create a world-class estate with unparalleled redevelopment flexibility, privacy, and natural beauty. Capturing breathtaking sunrise-to-sunset views across Biscayne Bay, Downtown Miami, Miami Beach, and Key Biscayne, it is privately positioned at the end of Lugo Avenue. The resort-style grounds feature lush tropical landscaping, wooden and coral stone walkways, a gazebo, sandy beach, summer kitchen, and tranquil fountains. An elevated pool deck with glass railings frames sweeping bay and island vistas. A true yachtsman’s retreat, the property includes a 66-foot dock with boat lift, a spacious boathouse, and plans in progress to extend to 100 feet. Ideally located just minutes from Coconut Grove, Downtown Miami, Miami Beach, and Miami International Airport, and close to fine dining, premier shopping, cultural and sporting venues, and top-rated schools. This offering represents an extraordinary opportunity to develop a landmark waterfront estate in one of Miami’s most coveted locations.
Listing Snapshot
- Price
- $19,800,000
- Days On Site
- 188 Days
- Bedrooms
- N/A
- Inside Area (SqFt)
- N/A
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- N/A
- Lot Size
- 0.735 Acres
- Year Built
- N/A
- MLS® Number
- A12013324
- Status
- Active
- Property Tax
- $68,572 (2025)
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- N/A
Property Details
General Features
8 items
- Acres
- 0.735
- Building Features
- Other
- Direction Faces
- North
- Security
- Gated Community
- Sewer
- Public Sewer
- Utilities
- Cable Available, Electricity Available, Other, Sewer Available, Water Available
- Water Source
- Public
- Zoning
- 0100
Exterior Features
6 items
- Frontage
- 250
- Lot Features
- Irregular Lot, Waterfront
- View
- Bay, Ocean
- Waterfront
- Yes
- Waterfront Features
- Ocean Front
- Waterview
- Bay, Ocean
Community Features
4 items
- Community Features
- Gated
- MLS Area
- 51
- Financing Terms Available
- Cash, Conventional
- Roads
- Paved
Location
720 Lugo Ave, Coral Gables, FL 33156 · 51
Neighborhood & Commute
ZIP Code 33156
- Median household income
- $127,293
- Income per person
- $69,014
- Households
- 11,798
- Average household size
- 2.74
- Median age
- 42.4
Source: Walk Score.
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Price & Status History
- Listing updated with changes from the MLS®
- Listing first seen on site
- Status changed to Active
- Price changed to $19,800,000
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