5-Bed Single Family Residence at CORAL BAY SEC B in Coral Gables

$19,800,000

Listing courtesy of Coldwell Banker Realty; Jill Eber. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.

For Sale
bedrooms

5

bathrooms

5

Square Footage

3968

Type of Property

Single Family Residence, Residential

Details

Overview

Sub Type
Single Family Residence
Price Per Sqft
$4,990/sqft
Built In
1972
Taxes
$68,572/yr

Description

“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.

This single family residence home located at 720 Lugo Ave, Coral Gables FL 33156 is currently for sale and has been available on Brickellsold for 219 days. This property is listed at $20M. It has 5 beds, 5 bathrooms, and is 3968 square feet. It was built in 1972. 720 Lugo Ave, Coral Gables FL 33156 is in Coral Gables county Miami-Dade County.

Interior

Bedrooms
5
Bathrooms
5
Bathrooms Full
5
Features
  • Flooring: Other, Tile, Wood
  • Common walls with other units/homes: Attached, One Story
Heating
Central, Electric
Cooling
Central Air, Electric
Appliances
Dishwasher, Disposal, Dryer, Microwave, Other Equipment/Appliances, Gas Range, Refrigerator, Wall Oven, Washer
Total structure area
4,645
Total interior livable area
3,968 sqft

Property

Parking
  • Covered Spaces: 1
  • Parking Features: Driveway,Other
  • Garage Spaces: 1
Parcel Number
03-51-18-006-0320
Features
  • Entry location: First Floor Entry, Built-in Features, Custom Mirrors, Entrance Foyer, Skylight, Walk-In Closet(s), Wet Bar, Utility Room/Laundry
  • Exterior Features: Lighting, Other
  • Has View: Yes
  • View Description: Bay, Ocean, Direct Ocean, Pool

Construction

Property subtype
Single Family Residence, Residential
Materials
CBS Construction
Condition
  • Year Built: 1972

Community & HOA

Community
  • Security Features:
  • Subdivision: CORAL BAY SEC B
HOA
  • Amenities:
Region
Coral Gables

Financial

Price Per Sqft
$4,990/sqft
Taxes
$68,572/yr
On Market Date
2/3/2026
Listing Terms
All Cash, Conventional

Metadata

Added
2/4/2026
Updated
9/11/2026
MLS#
A11953949
Days on Market
219
Listed By
Coldwell Banker Realty
Originating MLS
A-Miami Association of REALTORS

Neighborhood Insights

School and crime data are from public sources and are informational only.

Nearby Schools

Within 5 miles

  • Pinecrest Elementary • 0.0 mi • K-12
  • Palmetto Middle • 0.0 mi • K-12
  • Palmetto Elementary • 0.0 mi • K-12
  • Miami Palmetto Senior High • 0.0 mi • K-12
  • Miami Palmetto Adult Education • 0.0 mi • K-12
  • Howard Drive Elementary • 0.0 mi • K-12

Nearby Hospitals

Within 3 miles

No nearby hospitals found.

Crime Overview

Crime data unavailable for this area.

Map

Price History

EventPriceDate
Original list price$22,500,000Feb 4, 2026
Current list price$19,800,000May 4, 2026

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