720 Lugo Ave, Coral Gables FL 33156

For sale Days on market 113

CORAL BAY SEC B [ Residential ]

$19,800,000

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Overview

0.735 acres

Property Type

Residential

Property 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.

Property Details

MLS#

A12013324

Building

CORAL BAY SEC B

Address

720 Lugo Ave

City

Coral Gables

State/county

Zip/Postal Code

33156

Area

Coral Bay Sec B

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$68,572

Maint Fee

$--

Tax Year

2025

Bay View

Ocean View

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