650 Lugo Ave, Coral Gables FL 33156 | Miami-Dade County | A11975789
- $28,000,000
- Single Family Residence
- 7
- 4.5
- 0
- 9287 Sq Ft
- $28,000,000
Description
Tip of the World on Lugo Avenue.Gables by the Sea Breathtaking location paired with a stunning contemporary residence. From every room, enjoy unparalleled 360° views framed by floor-to-ceiling impact glass windows & doors. The entrance door itself is a true showpiece, opening into soaring ceilings & a seamless flow of light-filled spaces. Choose your moment: sunrise, sunset ,the sparkling Miami skyline by night.Elevated & elegant, master suite features a spacious balcony overlooking Biscayne Bay. All-new. All-white.Effortless floor plan designed for modern living.The pool deck offers endless water views, complemented by a seawall . Gables by the Sea is a gated community w/Coral Gables Police patrol. 24/7 security. 3D tours, Matterport & videos available. Come see it. Fall in love.
Property Overview
This is a 7-bedroom, 4.5-bath home of about 9287 square feet at 650 Lugo Ave, Coral Gables FL 33156 (Coral Gables 33156), listed at $28,000,000.
Monthly Costs, Stated Plainly
This home has no mandatory HOA (single-family / no association on record).
The tax of record is $167,711 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $560,000/yr (≈ $46,667/mo); with the homestead exemption on a primary residence, about $559,000/yr (≈ $46,583/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The list price for 650 Lugo Ave is $28,000,000. The home is sold unfurnished, though fixtures and built-in appliances generally convey. The property includes a private in-ground pool.
Community or on-site amenities are separate from the home's physical assets and are confirmed upon request. Contact Christopher Lazaro, Coral Gables Real Estate Broker, to verify these details.
Where exactly is it, and what should I know about the location?
The property is located at 650 Lugo Ave in Coral Gables, FL 33156, situated within the coastal corridor. This estate features 7 bedrooms and 4.5 bathrooms across approximately 9287 sqft and is listed at $28,000,000.
Contact Christopher Lazaro, Coral Gables Real Estate Broker, to verify location details.
What are the HOA / association fees, and what do they cover?
This is a single-family home with no mandatory HOA or association on record. The owner handles all utilities and property upkeep independently. The property remains subject to city ordinances, which can be reviewed at https://library.municode.com/fl/coral-gables/codes/code_of_ordinances.
Contact Christopher Lazaro, Coral Gables Real Estate Broker, to verify these details.
What are the property taxes and homestead implications?
The tax of record is $167,711 (2025). As an ESTIMATE ONLY, Florida reassesses at sale; at this price and a Miami-Dade rate near 2.0%, the ESTIMATE is about $560,000/yr (≈ $46,667/mo) without homestead, or about $559,000/yr (≈ $46,583/mo) with the homestead exemption on a primary residence.
Florida's homestead exemption lowers taxable value only for a primary residence. Confirm these ESTIMATE figures with the Miami-Dade Property Appraiser and a tax professional, as they are not quotes. Contact Christopher Lazaro, Coral Gables Real Estate Broker, to verify.
Is the home in a flood zone, and what does that mean?
Flood zones categorize areas by their risk of flooding. You can find FEMA definitions here and View the FEMA flood map for this address to see the specific designation for 650 Lugo Ave. Lenders often require flood insurance in high-risk zones.
Contact Christopher Lazaro, Coral Gables Real Estate Broker, to verify these details.
Are pets allowed?
As a single-family home, this property has no condo or HOA board to dictate pet rules. Pets are at the owner's discretion, subject to city and county ordinances and any active lease. Documented service animals and ESAs carry separate federal protections.
Contact Christopher Lazaro, Coral Gables Real Estate Broker, to verify specific details.
How is the price set and is there room to negotiate?
Miami-Dade single-family homes have recently been closing at 95% of original list, around 41 days to contract (MIAMI REALTORS®, May 2026). The $28,000,000 price for 650 Lugo Ave is derived from a CMA.
I provide a Coral Gables-specific CMA to buyers before they set an offer. Contact Christopher Lazaro, Coral Gables Real Estate Broker, to verify these details.
What financing step do you recommend before touring?
Secure a pre-approval from a licensed Florida mortgage professional at Get-PreApproved.com before touring 650 Lugo Ave. This step ensures your financial capacity aligns with the $28,000,000 list price.
Contact Christopher Lazaro, Coral Gables Real Estate Broker, to verify these details.
Monthly Fees & Carrying Costs
- Membership Required: No
Have a question about this Coral Gables listing?
Talk directly with Christopher Lazaro, your Coral Gables real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: Lugo Ave
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City: Coral Gables
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State/county: Miami-Dade County
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Zip/Postal Code: 33156
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Area: CORAL BAY SEC B
Details
Updated on August 18, 2026 at 11:51 pm-
Property ID A11975789
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Price $28,000,000
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Property Size 9287 Sq Ft
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Bedrooms 7
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Room 0
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Bathrooms 4.5
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Garage 0
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Year Built 2002
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Type Single Family Residence
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Property Status Active, Residential
Additional details
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Flooring Ceramic Floor, Marble
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Waterfront Features Ocean Access
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Bedroom Features At Least 1 Bedroom Ground Level, Entry Level, Primary Bath Shower, Primary Bedroom Upstairs
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Cooling Central Air, Electric
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Association Type Other
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Building CORAL BAY SEC B
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Association Fee Frequency Quarterly
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Area Coral Bay Sec B
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Annual Tax 167711
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Association Yes
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Elementary School Pinecrest
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront Yes
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Full Bathrooms 4
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Subdivision CORAL BAY SEC B
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Restrictions No Restrictions
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Parking Circular Driveway, Guest, Paver Block, No Rv/Boats, No Trucks/Trailers
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Heating Central, Electric
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Structure Type House
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Tax Year 2025
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Construction Concrete Block Construction, CBS Construction
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Building Area 11744
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Covered Spaces 0
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Middle School Palmetto
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Frontage Bay
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View Bay
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Year Built Details Resale
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High School Miami Palmetto
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Pets Allowed Yes
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Inclusions Other
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Half Bathrooms 1
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Flood Zone VE
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Patio / Porch Open Balcony
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New Construction No
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Garage Spaces 0
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Style WF/Pool/Ocean Access
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Association Fee 0
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Lot Size (Sq Ft) 17250
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Membership Purchase Required No
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