Residential 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

n/a

bathrooms

n/a

Square Footage

n/a

Type of Property

Residential, Land/Boat Docks

Details

Overview

Sub Type
Residential
Taxes
$68,572/yr

Description

"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.

This residential home located at 720 Lugo Ave, Coral Gables FL 33156 is currently for sale and has been available on Brickellsold for 129 days. This property is listed at $20M. It has N/A beds, N/A bathrooms, and is N/A square feet. 720 Lugo Ave, Coral Gables FL 33156 is in Coral Gables county Miami-Dade County.

Interior

Features
  • Flooring:
  • Common walls with other units/homes:
Heating
Cooling
Appliances

Property

Parking
  • Parking Features:
Parcel Number
03-51-18-006-0320
Features
  • Entry location:
  • Exterior Features:
  • Has View: Yes
  • View Description: Bay View, Ocean View

Construction

Property subtype
Residential, Land/Boat Docks
Materials
Condition

    Community & HOA

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

    Financial

    Taxes
    $68,572/yr
    On Market Date
    5/4/2026
    Listing Terms
    All Cash, Conventional

    Metadata

    Added
    5/5/2026
    Updated
    9/11/2026
    MLS#
    A12013324
    Days on Market
    129
    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$19,800,000May 5, 2026

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