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720 Lugo Avenue Coral Gables FL 33156 | MLS #A11953949

There are multiple listings for this address:
720 Lugo Avenue
Coral Gables, FL, 33156
$19,800,000
5 Beds
5 Baths
3,968 SqFt
0.74 Acres
MLS #A11953949 image #0
“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.
Listing Provided Courtesy of Coldwell Banker Realty at 305-672-6300

Property Details

Price:
$19,800,000
MLS #:
A11953949
Status:
Active
Beds:
5
Baths:
5
Type:
Single Family
Subtype:
Unimproved Land
Subdivision:
CORAL BAY SEC B
Neighborhood:
2510
Listed Date:
Feb 4, 2026
Finished Sq Ft:
3,968
Lot Size:
1,395,009,000 sqft / 0.74 acres (approx)
WaterfrontOceanviewCoral Bay Sec BPinecrestPalmettoMiami PalmettoOceanResidential,single Family,other

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Schools

Elementary School:
Pinecrest
Middle School:
Palmetto
High School:
Miami Palmetto

Interior

Exterior

Direction Faces
North
Lot Features
Irregular Lot, Oversized Lot, Other
Other Structures
Other
View
Ocean, Bay
Waterfront Features
Bay, Ocean

Financial

Tax Year
2025
Taxes
$68,572

Map

Community

Market Summary

Current real estate data for Single Family in Coral Gables as of Nov 03, 2026
187
Single Family Listed
97
Avg DOM
1,533
Avg $ / SqFt
$8,342,198
Avg List Price

Property Summary

    Located in the CORAL BAY SEC B subdivision, 720 Lugo Avenue Coral Gables FL is a Single Family for sale in Coral Gables, FL, 33156. It is listed for $19,800,000 and features 5 beds, 5 baths, and has approximately 3,968 square feet of living space.The current price per square foot is $4,990. The average price per square foot for Single Family listings in Coral Gables is $1,533. The average listing price for Single Family in Coral Gables is $8,342,198.

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720 Lugo Avenue
Coral Gables, FL
720 Lugo Avenue
Coral Gables, FL, 33156
$19,800,000
Beds
0 Baths
0 SqFt
0.74 Acres
MLS #A12013324 image #0
“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.
Listing Provided Courtesy of Coldwell Banker Realty at 305-672-6300

Property Details

Price:
$19,800,000
MLS #:
A12013324
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Subtype:
Unimproved Land
Subdivision:
CORAL BAY SEC B
Neighborhood:
2510
Listed Date:
May 5, 2026
Lot Size:
32,025 sqft / 0.74 acres (approx)
WaterfrontOceanviewCoral Bay Sec BPinecrestPalmettoMiami PalmettoOceanResidential,single Family,other

Ask a Question

See this Listing

Send
  

Schools

Elementary School:
Pinecrest
Middle School:
Palmetto
High School:
Miami Palmetto

Interior

Exterior

Direction Faces
North
Lot Features
Irregular Lot, Oversized Lot, Other
Other Structures
Other
View
Ocean, Bay
Waterfront Features
Bay, Ocean

Financial

Tax Year
2025
Taxes
$68,572

Map

Community

Market Summary

Current real estate data for Land in Coral Gables as of Nov 03, 2026
187
Land Listed
97
Avg DOM
1,533
Avg $ / SqFt
$8,342,198
Avg List Price

Property Summary

    Located in the CORAL BAY SEC B subdivision, 720 Lugo Avenue Coral Gables FL is a Land for sale in Coral Gables, FL, 33156. It is listed for $19,800,000 and features 1 acres.

Similar Listings Nearby