720 Lugo Ave Coral Gables, FL $ 19,800,000
720 Lugo Ave
$ 19,800,000
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720 Lugo Ave

Coral Gables, FL, 33156
$ 19,800,000
Baths0.0

Monthly Estimate*

$ 121,912

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Studio

Lots and Land for sale in Coral Gables, FL

for $19,800,000. The lot size is 0.735.

"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.

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Lots and Land Active

Price

$ 19,800,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 68,572

Style

Lot Size

0.735

Town/City

Coral Gables

County/Region

Miami-Dade

MLS | Web ID

A12013324

Features
General
Sewer Public Sewer
Utilities Cable Available Electricity Available Other Sewer Available Water Available
Possession Closing & Funding
Development Status Site Plan Filed
Security Features Gated Community
View Bay Ocean
Property Subtype Residential
Tax Year 2025
Waterfront Features Bayfront Ocean Front
Community Features Gated Home Owners Association
County Miami-Dade
Property Type Land
Subdivision Name CORAL BAY SEC B
Facing Direction North
Building Features Other
Status Active
City Coral Gables
Zoning Description 0100
MLS Area 51
Lot Size Units Square Feet
Lot Size Square Feet 32025
Listing Terms Cash Conventional
Tax Annual Amount 68572
Virtual Tour https://vimeo.com/1161882421
Standard Status Active
Occupancy Type Call Agent
Property Sub Type Additional Residential
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
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Interior
Total Baths 0
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Exterior
Vegetation Other
Water Source Public
Lot Size Area 32025
Lot Size Acres 0.735
Road Surface Type Paved
Frontage Length 250
Waterfront Y/N true
Covered Spaces 0
Number of Lots 2
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* Excluded Features
List By
Coldwell Banker Realty

Broker

jille@jillszeder.com

Email

Affordability Calculator

$127,626
Per Month
96%
4%
0%
Monthly Principal & Interest
$121,912
Monthly Property Taxes
$5,714
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/5/2026$19,800,000 Listed Price

Map


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720 Lugo Ave, Coral Gables, FL, 33156 is a Lots and Land for sale at $19,800,000 with a lot size of 0.735. 720 Lugo Ave is a studio with 0.0 baths. The property's zip code is 33156 which is in Coral Gables, FL