720 Lugo Ave, Coral Gables, FL 33156 — MLS photo

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720 Lugo Ave, Coral Gables, FL 33156

Active · Residential

$19,800,000

720 Lugo Ave, Coral Gables, FL 33156

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
—
Lot size
32,025 sq ft
HOA fee
—
Annual tax
$68,572

About this property

"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.

Property location

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720 Lugo Ave, Coral Gables, FL 33156

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
Residential
Lot size
32,025 sq ft
Waterfront
Bayfront, Ocean Front
View
Bay, Ocean

Parking

Covered spaces
0

HOA, Community & Financials

Security
Gated Community
Annual tax
$68,572
Subdivision
CORAL BAY SEC B
County
Miami-Dade
Days on market
129
MLS listing ID
A12013324
Listing status
Active