7244 E Lago Drive, Coral Gables, FL 33143

New Listing

$5,999,999

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12022575

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 6,122 Status: Active

Current Price: $5,999,999 List Date: 8/25/2026 Last Modified: 8/25/2026

Overview

Description

Located within the prestigious Islands of Cocoplum community in Coral Gables, the waterfront property represents a prime redevelopment opportunity. The existing residence is being offered for land value, providing developers or end users the chance to build a custom estate in one of South Florida’s most exclusive waterfront enclaves. Walking distance to private Clubhouse and amenities (tennis courts, basketball court, volleyball court, fitness center, playground and swimming pool). One time membership fee for new owners of $50,000.00. This sale is in connection with a Bankruptcy sale and is subject to court approval. The property is being sold “As-Is, Where-Is” with no representations, warranties, or guarantees of any kind, whether expressed or implied, by Trustee Realty. Buyers are responsible for conducting their own independent due diligence. Listing is subject to errors and omissions.

Listing Details MLS# A12022575

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 4
Bathrooms Full: 4
Building Area Main: 6122
Living Area Main: 4785
Adjusted Area Main: 5114
Year Built: 1982
Garage YN: Yes
Garage Spaces: 2
Covered Spaces: 2
Lot Size Area: 14700
Lot Size Acres: 0.34
Senior Community YN: Yes
Waterfront YN: Yes
Water Frontage Feet: 89
Outdoor Living Spaces YN: Yes
Stories Total: 2
Direction Faces: Northeast
Pool Private YN: Yes

Property Features

Application Information: Association Approval Required Association Amenities: Gated; Security Exterior Features: Other Flooring: Other Leasing Permitted Details: Okay To Lease Parking Features: Circular Driveway; Driveway Property Condition: Resale Appliances: Other Construction Materials: Block Cooling: Electric Association Type: Homeowner Association; Other Type of Association Heating: Electric Levels: Two Listing Terms: Cash; Conventional Other Equipment: Other Pool Features: In Ground Possession: Close Of Escrow Roof: Shingle Security Features: Security Patrol Sewer: Public Sewer Special Information: Sold As-Is View: Pool Water Access: Ocean Access; Other Water Source: Public Water View: Canal; Direct Ocean Waterfront Features: Canal Front Showing Requirements: Appointment Only; Call Listing Agent Outdoor Living Spaces: Patio Room Types: Other Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 5999999
Occupant Type: Call Listing Agent

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 7244
Street Direction Prefix: E
Street Name: Lago
Street Suffix: Drive
City Name: Coral Gables
Municipal Code: 3
State Or Province: FL
Postal Code: 33143
Postal Code +4: 6520
Postal Zip: 33143
Subdivision Name: COCOPLUM SEC 2 PLAT B
Area: 2410
Elementary School: Sunset
Middle Or Junior School: Ponce De Leon
High School: Coral Gables
Parcel Number: 0341320250220
Subdivision Number: 25
Zoning: 0100
Flood Zone: AE
Directions: GPS

Financial Information

Association YN: Yes
Association Fee: 1800
Association Fee Frequency: Quarterly
Estimated Monthly Assoc Recurring Fee: 600
Membership Fee Required YN: Yes
Membership Fee Amount: 50000
Tax Annual Amount: 26466
Tax Year: 2025
Tax Legal Description: COCOPLUM SEC 2 PLAT B PB 115-84 LOT 22 BLK 13 LOT SIZE 14700 SQ FT OR 12300-1797 1183 1

Status Change Information

Major Change Timestamp: 2026-08-25T05:15:11Z
Major Change Type: Back on Market
Status Change Date: 2026-08-25

More Information

Entry Information

Entry Level: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes

Pool Size Details

Pool Size (WxL): 0x0

Price Calculations

Current Price To SqFt: 1253.91

Section Details

Parcel Number MLX: 0220

Originating Details

Originating System Key: 485584708
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

Association Approval Required: Yes

Amenities

Clubhouse: Yes
Pool: Yes
Tennis Court(s): Yes
Other: Yes

Association Amenities

Gated: Yes
Security: Yes

Exterior Features

Other: Yes

Flooring

Other: Yes

Parking Features

Circular Driveway: Yes
Driveway: Yes

Property Condition

Resale: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Special Information

Sold As-Is: Yes

View

Pool: Yes

Heating

Electric: Yes

Water Access

Ocean Access: Yes
Other: Yes

Water View

Canal: Yes
Direct Ocean: Yes

Appliances

Other: Yes

Construction Materials

Block: Yes

Levels

Two: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Other Equipment

Other: Yes

Pool Features

In Ground: Yes

Roof

Shingle: Yes

Security Features

Security Patrol: Yes

Water Source

Public: Yes

Waterfront Features

Canal Front: Yes

Cooling

Electric: Yes

Association Type

Homeowner Association: Yes
Other Type of Association: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes

Outdoor Living Spaces

Patio: Yes

Room Types

Other: Yes

Acreage Description

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

Room Information

Room Name
Other

Listing Office: Trustee Realty Inc.

Last Updated: August - 25 - 2026

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7244 E Lago Drive, Coral Gables, FL 33143 (MLS# A12022575)