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720 Lugo Ave, Coral Gables, Florida 33156

Active For Sale
$19,800,000
  • Beds 0
  • Baths 0
  • Sq Ft 0 Sqft
  • Visits: 1 in 1 days

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.

Features

  • Security: Gated Community

Address Map

  • Country: US
  • State: FL
  • County: Miami-Dade
  • City: Coral Gables
  • Subdivision: CORAL BAY SEC B
  • Zipcode: 33156
  • Street: Lugo Ave
  • Street Number: 720
  • Floor Number: 0
  • Longitude: W81° 43' 57.7''
  • Latitude: N25° 39' 8.8''
  • MLS Area: 51

MLS Addon

  • Association Fee: $0
  • Building Features: Other
  • Close Price: $0
  • Community Features: Gated, Home Owners Association
  • Development Status: Site Plan Filed
  • Insurance Expense: $0
  • Listing Terms: Cash, Conventional
  • New Taxes Expense: $0
  • Tax Annual Amount: $68,572
  • Tax Year: 2025
  • Utilities: Cable Available, Other, Electricity Available, Sewer Available, Water Available
  • Water Front Features: Ocean Front, Bayfront

Location

Listing Updated: 2026-05-05 18:20:30

  • Property Type : Land
  • Property Sub Type : Residential
  • Listing Type : For Sale
  • Listing ID : A12013324
  • Price : $19,800,000
  • View : Bay, Ocean
  • Bedrooms : 0
  • Bathrooms : 0
  • Half Bathrooms : 0
  • Square Footage : 0 Sqft
  • Year Built : 0
  • Lot Area : 0.74 Acre
  • Listing Status : Active
  • Days On Market : 0
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