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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

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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

  1. Listing updated with changes from the MLS®
  2. Listing first seen on site
  3. Status changed to Active
  4. Price changed to $19,800,000

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Listing courtesy of Coldwell Banker Realty (305) 915-2556

Stellar MLS

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.

Last checked: 2026-11-09 12:51 PM EST

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