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650 Lugo Avenue, Coral Gables, FL 33156

$11,600,000
Property Type: Residential Bedrooms: 5 Baths: 6 Square Footage: 11,744 Status: Closed
Current Price: $11,600,000 List Date: 8/31/2022 Last Modified: 2/11/2026

Description

Stunning one-of-a-kind bayfront estate in the best location in the gated community of Gables By The Sea. Opportunity to purchase a unique open-bay home with 360 degrees of water views. The house is being sold AS Is with approved plans with the city of Coral Gables for a complete renovation. Perfect for a developer, investor, and waterfront lover to finish this incredible masterpiece. Permits for a new seawall and dock are almost ready!

More Information MLS# A11271594

Contract Information

Comp Sale YN: No Occupant Type: Vacant Listing Date: 2022-08-31 Status: Closed Original List Price: 14900000 Sold Price: $11,600,000 Current Price: $11,600,000

Location and Legal

County Or Parish: Miami-Dade County Parish Name: Miami-Dade City Name: Coral Gables Municipal Code: 3 Postal Zip: 33156 Development Name: Gables by the Sea Subdivision Number: 6 Flood Zone: VE Country: United States Street Number: 650 Street Name: Lugo Street Suffix: Avenue State Or Province: FL Postal Code: 33156 Postal Code +4: 6367 Subdivision Name: CORAL BAY SEC B Area: 2510 Parcel Number: 0351180060350 Zoning: 0100

General Property Information

Adjusted Area Main: 7405 Living Area Main: 9287 Lot Size Area: 17250 Water Frontage Feet: 150 Senior Community YN: Yes Outdoor Living Spaces YN: Yes Stories Total: 3 Pool Private YN: Yes Property Sub Type: Single Family Residence Bedrooms Total: 5 Bathrooms Total: 6 Bathrooms Full: 5 Bathrooms Half: 1 Building Area Main: 11744 Year Built: 2002 Garage YN: 1 Garage Spaces: 2 Covered Spaces: 2 Lot Size Acres: 0.4 Waterfront YN: 1 Direction Faces: North

Financial Information

Association Membership: Voluntary Membership Fee Required YN: No Association YN: 1 Tax Annual Amount: 110484 Tax Year: 2021 Tax Legal Description: CORAL BAY SEC B PB 65-115 LOT 35 & E1/2 OF LOT 34 BLK 3 LOT SIZE 150.000 X 115 OR 18889-2446 1199 1 & OR 18915- 0861-1299-1

Office/Member Information

DXORIGMLSID: SEF

Status Change Information

Buyer Financing: Cash Major Change Timestamp: 2022-11-18T04:41:07Z Major Change Type: Status Change Price Change Timestamp: 2022-10-22T19:59:40Z Status Change Date: 2022-11-17 Under Contract Date: 2022-10-26 Close Date: 2022-11-17 Close Price: 11600000

Association Amenities

Gated: 1

Entry Information

Entry Level: 2

Flooring

Other: 1

Parking Features

Driveway: 1

Property Condition

Resale: 1

Fencing

Fenced: 1

Possession

Negotiable: 1

Sewer

Public Sewer: 1

Special Information

Sold As-Is: 1

Heating

Other: 1

Sprinkler Description

Auto Sprinkler: 1

Water Access

Ocean Access: 1 Other: 1

Water View

Bay: 1 Ocean: 1

Construction Materials

CBS: 1

Levels

Three Or More: 1

Listing Terms

Cash: 1 Conventional: 1

Other Equipment

None: 1

Pool Features

In Ground: 1

Road Frontage Type

Public Road: 1

Roof

Barrel: 1

Water Source

Public: 1

Waterfront Features

Bayfront: 1 No Fixed Bridges: 1

Cooling

Other: 1

Showing Requirements

24 Hour Notice: 1

Master Bedroom/Bath

Other: 1

Pool Size Details

Pool Size (WxL): 0

Restrictions

No Restrictions: 1

Tax Information

Tax Reflects No Exemptions: 1

Outdoor Living Spaces

Balcony: 1

Balcony Details

Balcony - Open: 1

Contingencies

Inspection: 1

Room Types

Family Room: 1

Buyer Details

Intended Use: Unknown/Withheld

Concessions

Seller Concessions: No

Price Calculations

Current Price To SqFt: 1249.06

Section Details

Parcel Number MLX: 0350

Acreage Description

1/4 To Less Than 1/2 Acre Lot: 1

Originating Details

Originating System Key: 373949466 Originating System ID: M00000151

Property Features

Association Amenities: Gated Flooring: Other Parking Features: Driveway Property Condition: Resale Construction Materials: CBS Cooling: Other Fencing: Fenced Heating: Other Levels: Three Or More Listing Terms: Cash; Conventional Other Equipment: None Pool Features: In Ground Possession: Negotiable Restrictions: No Restrictions Road Frontage Type: Public Road Roof: Barrel Sewer: Public Sewer Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler Tax Information: Tax Reflects No Exemptions Water Access: Ocean Access; Other Water Source: Public Water View: Bay; Ocean Waterfront Features: Bayfront; No Fixed Bridges Showing Requirements: 24 Hour Notice Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open Contingencies: Inspection Room Types: Family Room Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Room Information

Family Room

Documents

Listing Office: Compass Florida, LLC
Last Updated: February - 11 - 2026
650 Lugo Avenue, Coral Gables, FL 33156- MLS# A11271594
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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