There are multiple listings for this address:
“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)
See this Listing
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
- Address720 Lugo Avenue Coral Gables FL
- SubdivisionCORAL BAY SEC B
- CityCoral Gables
- CountyMiami-Dade
- Zip Code33156
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.
Similar Listings Nearby

720 Lugo Avenue
Coral Gables, FL
“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)
See this Listing
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
- Address720 Lugo Avenue Coral Gables FL
- SubdivisionCORAL BAY SEC B
- CityCoral Gables
- CountyMiami-Dade
- Zip Code33156
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.
