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720 Lugo Avenue, Coral Gables, FL 33156

$19,800,000
Property Type: Land & Docks Lot Size (sq. ft.): 32,025 Status: Active
Current Price: $19,800,000 List Date: 5/05/2026 Last Modified: 5/20/2026

Description

"My Paradise” lives up to its name. 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.

More Information MLS# A12013324

Contract Information

Comp Sale YN: No LP/Acre: 26938775.51 Listing Date: 2026-05-05 Status: Active Original List Price: 19800000 List Price: $19,800,000 Current Price: $19,800,000

Location and Legal

County Or Parish: Miami-Dade County Parish Name: Miami-Dade City Name: Coral Gables Municipal Code: 3 Postal Zip: 33156 Subdivision Number: 6 Flood Zone: VE Country: United States Street Number: 720 Street Name: Lugo Street Suffix: Avenue State Or Province: FL Postal Code: 33156 Postal Code +4: 6320 Subdivision Name: CORAL BAY SEC B Area: 2510 Elementary School: Pinecrest Middle Or Junior School: Palmetto High School: Miami Palmetto Parcel Number: 0351180060320 Zoning: 0100

General Property Information

Number Of Lots: 2 Lot Size Dimensions: 32025 Water Frontage Feet: 250 LP/SqFt: 618.27 Property Sub Type: Unimproved Land Lot Size Acres: 0.74 Lot Size Square Feet: 32025 Additional Parcels YN: 1 Waterfront YN: 1 Direction Faces: North

Financial Information

Association Membership: Voluntary Association YN: 1 Tax Year: 2025 Tax Annual Amount: 68572 Tax Legal Description: CORAL BAY SEC B PB 65-115 LOTS 32 & 33 BLK 3 LOT SIZE 200.000 X 115 OR 11030-2312 0381 2

Office/Member Information

DXORIGMLSID: SEF

Documents Available

Plans: 1 Survey: 1

Current Use

Residential: 1 Single Family: 1 Other: 1

Development Status

Recorded Plat: 1

Location of Property

City Location: 1

Other Structures

Other: 1

Possession

Negotiable: 1

Sewer

Public Sewer: 1

Soil Type

Other: 1

Trees

Other: 1

Utilities

Cable Available: 1 Electricity Available: 1 Sewer Available: 1 Water Available: 1 Other: 1

Vegetation

Other: 1

Water View

Bay: 1 Ocean: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Other: 1

Road Surface Type

Paved: 1

Water Source

Public: 1

Waterfront Features

Bayfront: 1 Ocean Front: 1

Boat and Dock Information

Dock: Yes

Boat and Dock Features

Private Dock: 1

Showing Requirements

Call Listing Agent: 1 Showing Service: 1

Section Details

Parcel Number MLX: 0320

Elevation Description

15-20 Feet Above Sea Level: 1

Acreage Description

1/2 To Less Than 1 Acre Lot: 1

Status Change Information

Major Change Timestamp: 2026-05-05T04:00:00Z Major Change Type: New Listing Status Change Date: 2026-05-05

Originating Details

Originating System Key: 462267146 Originating System ID: M00000151

Property Features

Current Use: Residential; Single Family; Other Development Status: Recorded Plat Documents Available: Plans; Survey Location of Property: City Location Other Structures: Other Possession: Negotiable Sewer: Public Sewer Soil Type: Other Trees: Other Utilities: Cable Available; Electricity Available; Sewer Available; Water Available; Other Vegetation: Other Boat and Dock Features: Private Dock Listing Terms: Cash; Conventional Lot Features: Other Road Surface Type: Paved Water Source: Public Water View: Bay; Ocean Waterfront Features: Bayfront; Ocean Front Showing Requirements: Call Listing Agent; Showing Service Elevation Description: 15-20 Feet Above Sea Level Acreage Description: 1/2 To Less Than 1 Acre Lot

Documents

Listing Office: Coldwell Banker Realty
Last Updated: May - 20 - 2026
720 Lugo Avenue, Coral Gables, FL 33156- MLS# A12013324
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