650 Lugo Avenue, Coral Gables, FL 33156

$11,600,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11271594

Property Type: Residential Bedrooms: 5 Baths: 6 Square Footage: 11,744 Status: Closed

Current Price: $11,600,000 List Date: 8/31/2022 Last Modified: 2/11/2026

Overview

Description

Stunning one-of-a-kind bayfront estate in the best location in the gated community of Gables By The Sea. Opportunity to purchase a unique open-bay home with 360 degrees of water views. The house is being sold AS Is with approved plans with the city of Coral Gables for a complete renovation. Perfect for a developer, investor, and waterfront lover to finish this incredible masterpiece. Permits for a new seawall and dock are almost ready!

Listing Details MLS# A11271594

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 6
Bathrooms Full: 5
Bathrooms Half: Yes
Building Area Main: 11744
Living Area Main: 9287
Adjusted Area Main: 7405
Year Built: 2002
Garage YN: Yes
Garage Spaces: 2
Covered Spaces: 2
Lot Size Area: 17250
Lot Size Acres: 0.4
Senior Community YN: Yes
Waterfront YN: Yes
Water Frontage Feet: 150
Outdoor Living Spaces YN: Yes
Stories Total: 3
Direction Faces: North
Pool Private YN: Yes

Property Features

Association Amenities: Gated Flooring: Other Parking Features: Driveway Property Condition: Resale Construction Materials: CBS Cooling: Other Fencing: Fenced Heating: Other Levels: Three Or More Listing Terms: Cash; Conventional Other Equipment: None Pool Features: In Ground Possession: Negotiable Restrictions: No Restrictions Road Frontage Type: Public Road Roof: Barrel Sewer: Public Sewer Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler Tax Information: Tax Reflects No Exemptions Water Access: Ocean Access; Other Water Source: Public Water View: Bay; Ocean Waterfront Features: Bayfront; No Fixed Bridges Showing Requirements: 24 Hour Notice Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open Contingencies: Inspection Room Types: Family Room Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 14900000
Occupant Type: Vacant

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 650
Street Name: Lugo
Street Suffix: Avenue
City Name: Coral Gables
Municipal Code: 3
State Or Province: FL
Postal Code: 33156
Postal Code +4: 6367
Postal Zip: 33156
Subdivision Name: CORAL BAY SEC B
Development Name: Gables by the Sea
Area: 2510
Parcel Number: 0351180060350
Subdivision Number: 6
Zoning: 0100
Flood Zone: VE

Financial Information

Association YN: Yes
Association Membership: Voluntary
Membership Fee Required YN: No
Tax Annual Amount: 110484
Tax Year: 2021
Tax Legal Description: CORAL BAY SEC B PB 65-115 LOT 35 & E1/2 OF LOT 34 BLK 3 LOT SIZE 150.000 X 115 OR 18889-2446 1199 1 & OR 18915- 0861-1299-1

Status Change Information

Major Change Timestamp: 2022-11-18T04:41:07Z
Major Change Type: Status Change
Price Change Timestamp: 2022-10-22T19:59:40Z
Status Change Date: 2022-11-17
Under Contract Date: 2022-10-26
Close Date: 2022-11-17
Close Price: 11600000
Buyer Financing: Cash

More Information

Entry Information

Entry Level: 2

Buyer Details

Intended Use: Unknown/Withheld

Concessions

Seller Concessions: No

Price Calculations

Current Price To SqFt: 1249.06

Section Details

Parcel Number MLX: 0350

Originating Details

Originating System Key: 373949466
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Association Amenities

Gated: Yes

Flooring

Other: Yes

Parking Features

Driveway: Yes

Property Condition

Resale: Yes

Fencing

Fenced: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Special Information

Sold As-Is: Yes

Heating

Other: Yes

Sprinkler Description

Auto Sprinkler: Yes

Water Access

Ocean Access: Yes
Other: Yes

Water View

Bay: Yes
Ocean: Yes

Construction Materials

CBS: Yes

Levels

Three Or More: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Other Equipment

None: Yes

Pool Features

In Ground: Yes

Road Frontage Type

Public Road: Yes

Roof

Barrel: Yes

Water Source

Public: Yes

Waterfront Features

Bayfront: Yes
No Fixed Bridges: Yes

Cooling

Other: Yes

Showing Requirements

24 Hour Notice: Yes

Master Bedroom/Bath

Other: Yes

Pool Size Details

Pool Size (WxL): No

Restrictions

No Restrictions: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Open: Yes

Contingencies

Inspection: Yes

Room Types

Family Room: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes

Room Information

Room Name
Family Room

Documents

CHACON RES - XREF - PROPOSED FLOORPLAN F ›

CHACON RES - XREF - PROPOSED FLOORPLAN S ›

22070 NGVD 29 w. trees 04.05.22 (1) ›

Listing Office: Compass Florida, LLC

Last Updated: February - 11 - 2026

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650 Lugo Avenue, Coral Gables, FL 33156 (MLS# A11271594)