Home/Search/720 Lugo Ave, Coral Gables FL 33156
720 Lugo Ave, Coral Gables FL 33156
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For Sale
Residential
Waterfront
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$19,800,000

720 Lugo Ave, Coral Gables FL 33156

—

Bedrooms

—

Bathrooms

32,025

Sq Ft

About This Property

"My Paradise” lives up to its name. Double waterfront parcels. 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.

Property Details

MLS #A12013324
Price$19,800,000
StatusActive
Days on Market129
Date ListedMay 5, 2026
Total Bathrooms—
Lot Size32025 sqft
Property TypeLand/Boat Docks
Property Sub TypeResidential

Structure TypeResidential
Lot FeaturesCity Location, Other Soil Type, 1/2 To Less Than 3/4 Acre Lot, Irregular Lot, Oversized Lot, Other
Lot Size32025 sqft
SewerPublic Sewer
Water SourceMunicipal Water

Area/RegionCoral Bay Sec B
Direction FacesNorth
Zoning0100
Township51
WaterfrontYes

Community FeaturesGated Community, Voluntary Hoa

Annual Tax Amount$68,572
Tax Year2025
Listing TermsAll Cash, Conventional
PossessionFunding
Parcel Number03-51-18-006-0320
Legal DescriptionCORAL BAY SEC B PB 65-115 LOTS 32 & 33 BLK 3 LOT SIZE 200.000 X 115 OR 11030-2312 0381 2

Location

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Listing courtesy of Coldwell Banker Realty. Data last updated September 11, 2026 at 08:19 PM.

Roger Pardo

Roger Pardo

Realty Group of Miami

Interested in this property? Contact Roger today for a private showing.