720 Lugo Ave, Coral Gables FL 33156 | Miami-Dade County | A11953949
- $19,800,000
- Single Family Residence
- 5
- 5
- 1
- 3968 Sq Ft
- $19,800,000
Description
“My Paradise” earns its name! This 5BR/5BA estate sits on a 32,025 SF lot with 250’ of unobstructed pristine waterfront views on both sides, capturing mesmerizing sunrise-to-sunset across Biscayne Bay, Downtown, Miami Beach & Key Biscayne. Privately positioned at Lugo Avenue’s dead end, resort-style grounds feature lush landscaping, wooden & coral walkways, gazebo, sand beach, summer kitchen & serene fountains. Elevated pool deck w/glass railings frame sweeping bay & island vistas. Spacious open living room w/pitched wood-beam ceilings, skylights, formal dining, kitchen w/Bosch & Sub-Zero appliances. Principal suite offers amazing bayside views & spa bath. A yachtsman’s dream includes 66’ dock w/lift, boathouse & plans in progress to extend to 100’. Minutes to dining, shops, & top schools.
Property Overview
This is a 5-bedroom, 5-bath home of about 3968 square feet at 720 Lugo Ave, Coral Gables FL 33156 (Coral Gables 33156), listed at $19,800,000.
Monthly Costs, Stated Plainly
This home has no mandatory HOA (single-family / no association on record).
The tax of record is $68,572 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $396,000/yr (≈ $33,000/mo); with the homestead exemption on a primary residence, about $395,000/yr (≈ $32,917/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 720 Lugo Ave is $19,800,000. The home is unfurnished, though fixtures and built-in appliances generally convey with the property, including the above-ground private pool.
Shared community or on-site amenities are separate from the home's conveyed assets and are confirmed upon request. Contact Christopher Lazaro, Coral Gables Real Estate Professional, to verify these details.
Where exactly is it, and what should I know about the location?
The property is located at 720 Lugo Ave, Coral Gables FL 33156, within the coastal corridor of the city. This position determines the accessibility and environment of the $19,800,000 estate.
Contact Christopher Lazaro, Coral Gables Real Estate Professional, to verify specific location details.
What are the HOA / association fees, and what do they cover?
There is no mandatory HOA for this single-family home. The owner manages all utilities and property upkeep independently. The property remains subject to city ordinances, which are available at https://library.municode.com/fl/coral-gables/codes/code_of_ordinances.
Contact Christopher Lazaro, Coral Gables Real Estate Professional, to verify these details.
What are the property taxes and homestead implications?
The tax of record is $68,572 (2025), but Florida reassesses at sale. As an ESTIMATE ONLY, at this price and a Miami-Dade rate near 2.0%, taxes are about $396,000/yr (≈ $33,000/mo) without homestead, or about $395,000/yr (≈ $32,917/mo) with the homestead exemption. Florida's homestead exemption lowers taxable value only for a primary residence.
Confirm these figures with the Miami-Dade Property Appraiser and a tax professional, as they are estimates, not quotes. Contact Christopher Lazaro, Coral Gables Real Estate Professional, to verify.
Is the home in a flood zone, and what does that mean?
Flood zones identify areas prone to flooding, and you can find specific FEMA definitions at https://www.fema.gov/glossary/flood-zones. View the FEMA flood map for this address at https://msc.fema.gov/portal/search?AddressQuery=720%20Lugo%20Ave%2C%20Coral%20Gables%20FL%2033156 to see the designation for 720 Lugo Ave.
Lenders often require flood insurance in high-risk zones. Contact Christopher Lazaro, Coral Gables Real Estate Professional, to verify these requirements.
Are pets allowed?
As a single-family home, 720 Lugo Ave has no HOA board to dictate pet rules. Ownership determines pet permissions, 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 Professional, 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 $19,800,000 price for 720 Lugo Ave is derived from a Comparative Market Analysis (CMA) of the immediate vicinity.
I provide a Coral Gables-specific CMA to buyers before they set an offer to ensure the bid is grounded. Contact Christopher Lazaro, Coral Gables Real Estate Professional, to verify these figures.
What financing step do you recommend before touring?
Secure a pre-approval before touring 720 Lugo Ave to ensure your financial standing matches the $19,800,000 asking price. You should connect with a Florida-licensed mortgage originator to establish your buying power.
Contact Christopher Lazaro, Coral Gables Real Estate Professional, to verify these requirements.
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 19, 2026 at 7:42 am-
Property ID A11953949
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Price $19,800,000
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Property Size 3968 Sq Ft
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Bedrooms 5
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Room 0
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Bathrooms 5
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Garage 1
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Year Built 1972
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Type Single Family Residence
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Property Status Active, Residential
Additional details
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Flooring Other, Tile, Wood
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Waterfront Features Ocean Access, Ocean Front
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Bedroom Features Entry Level, Primary Bedroom Ground Level
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Cooling Central Air, Electric
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Association Type None
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Building CORAL BAY SEC B
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Area Coral Bay Sec B
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Annual Tax 68572
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Association No
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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 5
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Subdivision CORAL BAY SEC B
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Restrictions No Restrictions
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Parking Driveway, Other
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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 CBS Construction
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Building Area 4645
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Covered Spaces 1
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Middle School Palmetto
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Frontage Bay
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View Bay, Ocean, Direct Ocean, Pool
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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 Private Dock, Private Dock
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Half Bathrooms 0
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Flood Zone VE
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New Construction No
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Garage Spaces 1
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Style WF/Pool/Ocean Access
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Lot Size (Sq Ft) 32025
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Membership Purchase Required No
Features
- Built-in Features
- Custom Mirrors
- Dishwasher
- Disposal
- Dryer
- Entrance Foyer
- First Floor Entry
- Gas Range
- Has a View
- Has Cooling System
- Has Garage
- Has Heating System
- Has Waterfront
- Lighting
- Microwave
- Open Parking
- Other
- Other Equipment/Appliances
- Refrigerator
- Skylight
- Utility Room/Laundry
- Walk-In Closet(s)
- Wall Oven
- Washer
- Wet Bar
Mortgage Calculator
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Loan Amount
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