720 Lugo Ave, Coral Gables FL 33156 | Miami-Dade County | A12013324
- $19,800,000
- Residential
- Square Feet
- $19,800,000
Description
“My Paradise” lives up to its name. 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.
Address
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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 May 6, 2026 at 3:31 am-
Property ID A12013324
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Price $19,800,000
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Land Area 0.735 Square Feet
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Type Residential
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Property Status Land/Boat Docks
Additional details
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AdditionalParcelsYN 1
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BuildingAreaUnits Square Feet
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BuildingName CORAL BAY SEC B
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CommunityFeatures Gated Community, Voluntary Hoa
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ContractStatusChangeDate 2026-05-05
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CurrentUse Residential, Other Usage
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DaysOnMarket 0
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DevelopmentStatus Recorded Plat
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DirectionFaces North
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DocumentsAvailable Plans Available, Survey Available
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DocumentsCount 2
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Elevation 15
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ExpirationDate 2026-08-12
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FrontageLength 250
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FrontageType Bay
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Inclusions Private Dock, Private Dock
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InternetAddressDisplayYN 1
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InternetEntireListingDisplayYN 1
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ListAOR A-Miami Association of REALTORS
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ListAgentDirectPhone 305-915-2556
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ListingTerms All Cash, Conventional
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LotFeatures City Location, Other Soil Type, 1/2 To Less Than 3/4 Acre Lot, Other
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LotSizeSquareFeet 32025
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MLSAreaMajor Coral Bay Sec B
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MajorChangeTimestamp May 5, 2026 at 04:10pm
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MajorChangeType New
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MlsStatus Active
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ModificationTimestamp May 5, 2026 at 04:10pm
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OnMarketDate 2026-05-05
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OriginalEntryTimestamp May 5, 2026 at 04:10pm
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OriginalListPrice 19800000
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OriginatingSystemID miamire
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OriginatingSystemKey miamire
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OriginatingSystemName Miami Association of REALTORS®
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OtherExpense 0
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OtherStructures Other Bldg Incl
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ParcelNumber 03-51-18-006-0320
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PhotosChangeTimestamp May 5, 2026 at 04:13pm
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PhotosCount 71
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Possession Funding
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PostalCode 33156
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PostalCodePlus4 6320
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PriceChangeTimestamp May 5, 2026 at 03:45pm
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PublicSurveyRange 51
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PublicSurveySection 18
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PublicSurveyTownship 51
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RoadFrontageType Paved Road
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RoadSurfaceType Paved Road, Paved
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Sewer Public Sewer
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ShowingContactType Agent
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ShowingInstructions Call Listing Agent, Showing Assist
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SourceSystemKey 462267146
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StateOrProvince FL
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StatusChangeTimestamp May 5, 2026 at 04:10pm
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StreetName Lugo Ave
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StreetNumber 720
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StreetNumberNumeric 720
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StructureType Residential
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SyndicationRemarks "My Paradise” lives up to its name. 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.
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TaxAnnualAmount 68572
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TaxLegalDescription CORAL BAY SEC B PB 65-115 LOTS 32 & 33 BLK 3 LOT SIZE 200.000 X 115 OR 11030-2312 0381 2
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TaxYear 2025
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Utilities Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Other, Sewer Available, Water Available
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Vegetation Other Trees, Other Ground Cover
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View Bay View, Ocean View
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WaterSource Municipal Water
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WaterfrontFeatures Ocean Front
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Zoning 0100
Features
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