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720 Lugo Ave

Coral Gables, FL 33156
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SqFt32,025

Sqft(Lot)

"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 b oathouse, 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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Detail Ic Property Details

Property Type : Land

Price : $19,800,000

AD Id : 77978904

MLS Id : A12013324

Lot Size : 32,025 Sqft(Lot)

County : Miami-Dade

Subdivision: Coral Bay

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Feature Features

  • Heating & Cooling

    Water front: 1

  • Lot Information

    Main Square Feet: 32025 Lot Size Acres: 0.735 Lot Size Square Feet: 32,025

    Property Information

    Subdivision: CORAL BAY SEC B Source Property Type: Land Postal Code Plus 4: 6320 Zoning Description: 0100 Property SubType: Residential Direction Faces: North

  • Listing Price Information

    Listing Price: $19800000
    Cash, Conventional

  • Tax Information

    Parcel Number: 03-51-18-006-0320 Tax Year: 2025 Annual Tax: $68572 Tax Legal Desc: CORAL BAY SEC B PB 65-115 LOTS 32 & 33 BLK 3 LOT SIZE 200.000 X 115 OR 11030-2312 0381 2

  • Utility Information

    CableAvailable, ElectricityAvailable, Other, SewerAvailable, WaterAvailable
  • Location Information

    WaterSource: Public Security Features: GatedCommunity
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
9490 Old Cutler Ln, Coral Gables, FL, 33156 $12,500,000 -- -- -- 67,235 Sqft(Lot)
30 Leucadendra Dr, Coral Gables, FL, 33156 $17,500,000 -- -- -- 38,762 Sqft(Lot)
5355 Hammock Dr, Coral Gables, FL, 33156 $18,750,000 -- -- -- 90,705 Sqft(Lot)
10550 Old Cutler Rd, Coral Gables, FL, 33156 $11,999,000 -- -- -- 49,658 Sqft(Lot)
XXX Sierra Cir, Coral Gables, FL, 33156 $5,750,000 -- -- -- 45,065 Sqft(Lot)

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ByOwner last updated this listing 06/08/2026 @ 10:13

MLS: A12013324 LISTED BY: Jill Eber, Coldwell Banker Realty 305-672-6300 SOURCE: SEFMIAMI

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