720 Lugo Avenue, Coral Gables, FL 33156
$19,800,000
Property Type:
Land & Docks
Lot Size (sq. ft.):
32,025
Status:
Active
Current Price:
$19,800,000
List Date:
5/05/2026
Last Modified:
6/16/2026
Overview
Description
...
(Read more)
"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.
Listing Details MLS# A12013324
General Property Information
- Property Sub Type
- Unimproved Land
- Number Of Lots
- 2
- Lot Size Acres
- 0.74
- Lot Size Square Feet
- 32025
- Lot Size Dimensions
- 32025
- Additional Parcels YN
- Yes
- Waterfront YN
- Yes
- Water Frontage Feet
- 250
- Direction Faces
- North
- LP/SqFt
- 618.27
Property Features
Current Use:
Residential; Single Family; Other
Development Status:
Recorded Plat
Documents Available:
Plans; Survey
Location of Property:
City Location
Other Structures:
Other
Possession:
Negotiable
Sewer:
Public Sewer
Soil Type:
Other
Trees:
Other
Utilities:
Cable Available; Electricity Available; Sewer Available; Water Available; Other
Vegetation:
Other
Boat and Dock Features:
Private Dock
Listing Terms:
Cash; Conventional
Lot Features:
Other
Road Surface Type:
Paved
Water Source:
Public
Water View:
Bay; Ocean
Waterfront Features:
Bayfront; Ocean Front
Showing Requirements:
Call Listing Agent; Showing Service
Elevation Description:
15-20 Feet Above Sea Level
Acreage Description:
1/2 To Less Than 1 Acre Lot
Contract Information
- Comp Sale YN
- No
- Original List Price
- 19800000
- LP/Acre
- 26938775.51
Location and Legal
- Country
- United States
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- Street Number
- 720
- Street Name
- Lugo
- Street Suffix
- Avenue
- City Name
- Coral Gables
- Municipal Code
- 3
- State Or Province
- FL
- Postal Code
- 33156
- Postal Code +4
- 6320
- Postal Zip
- 33156
- Subdivision Name
- CORAL BAY SEC B
- Area
- 2510
- Elementary School
- Pinecrest
- Middle Or Junior School
- Palmetto
- High School
- Miami Palmetto
- Parcel Number
- 0351180060320
- Subdivision Number
- 6
- Zoning
- 0100
- Flood Zone
- VE
Financial Information
- Association YN
- Yes
- Association Membership
- Voluntary
- Tax Year
- 2025
- Tax Annual Amount
- 68572
- Tax Legal Description
- CORAL BAY SEC B PB 65-115 LOTS 32 & 33 BLK 3 LOT SIZE 200.000 X 115 OR 11030-2312 0381 2
Status Change Information
- Major Change Timestamp
- 2026-05-05T04:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-05-05
More Information
Boat and Dock Information
- Dock
- Yes
Price Calculations
- Current Price To SqFt
- 618.42
Section Details
- Parcel Number MLX
- 0320
Originating Details
- Originating System Key
- 462267146
- Originating System ID
- M00000151
Office/Member Information
- DXORIGMLSID
- SEF
Documents Available
- Plans
- Yes
- Survey
- Yes
Current Use
- Residential
- Yes
- Single Family
- Yes
- Other
- Yes
Development Status
- Recorded Plat
- Yes
Location of Property
- City Location
- Yes
Other Structures
- Other
- Yes
Possession
- Negotiable
- Yes
Sewer
- Public Sewer
- Yes
Soil Type
- Other
- Yes
Trees
- Other
- Yes
Utilities
- Cable Available
- Yes
- Electricity Available
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
- Other
- Yes
Vegetation
- Other
- Yes
Water View
- Bay
- Yes
- Ocean
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Other
- Yes
Road Surface Type
- Paved
- Yes
Water Source
- Public
- Yes
Waterfront Features
- Bayfront
- Yes
- Ocean Front
- Yes
Boat and Dock Features
- Private Dock
- Yes
Showing Requirements
- Call Listing Agent
- Yes
- Showing Service
- Yes
Elevation Description
- 15-20 Feet Above Sea Level
- Yes
Acreage Description
- 1/2 To Less Than 1 Acre Lot
- Yes
Documents
Listing Office:
Coldwell Banker Realty
Last Updated: June - 16 - 2026
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