Interior
- Bedrooms
- 5
- Bathrooms
- 5
- Living area
- 3,968 sq ft
Active · SingleFamilyResidence
$19,800,000
720 Lugo Ave, Coral Gables, FL 33156
- Beds
- 5
- Baths
- 5
- Living area
- 3,968 sq ft
- $ / sq ft
- $4,990/sq ft
- Year built
- 1972
- Lot size
- 32,025 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
“My Paradise” earns its name! This 5BR/5BA double-waterfront estate sits on a 32,025 SF lot with 250’ of unobstructed pristine waterfront views on both sides, capturing mesmerizing sunrise-to-sunset across Biscayne Bay, Downtown, Miami Beach & Key Biscayne. Privately positioned at Lugo Avenue’s dead end, resort-style grounds feature lush landscaping, wooden & coral walkways, gazebo, sand beach, summer kitchen & serene fountains. Elevated pool deck w/glass railings frame sweeping bay & island vistas. Spacious open living room w/pitched wood-beam ceilings, skylights, formal dining, kitchen w/Bosch & Sub-Zero appliances. Principal suite offers amazing bayside views & spa bath. A yachtsman’s dream includes 66’ dock w/lift, boathouse & plans in progress to extend to 100’. Minutes to dining, shops, & top schools.
Property location
Get Directions720 Lugo Ave, Coral Gables, FL 33156
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Facts & features
Exterior & Structure
- Property type
- SingleFamilyResidence
- Year built
- 1972
- Lot size
- 32,025 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Miami-Dade
- MLS listing ID
- A11953949
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$81,329
- Cap rate
- 0.8%
- Net yield
- 0.8%
- Cash-on-cash return
- -17.6%
- Gross yield
- 3.7%
- Mortgage payment
- $93,862/mo
- Down payment
- $4,950,000
- Loan amount
- $14,850,000
- Annual NOI
- $150,394
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.