Property Details

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720 Lugo Ave
Coral Gables, FL 33156
FOR
SALE
$19,800,000
Active
0.74
Acres
MLS# A12013324
Cumulative Days on Market: 138 · Includes prior listings · Currently listed since 05/05/26 · Data provided by the MLS.

Property 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.

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Property Highlights

Property Type
Land/Boat Docks
Property Sub Type
Residential
Acres
0.74
Cumulative Days On Market
129

Location

Area
Coral Bay Sec B
City/Township
Coral Gables
Direction Faces
North
Waterfront
Yes
View
Bay View, Ocean View
Subdivision
CORAL BAY SEC B
County
Miami-Dade County
Zoning
0100

Lake/Waterfront Information

Waterfront Features
Ocean Front

Property Details

Price
$19,800,000
Property Type
Land/Boat Docks
Property Sub Type
Residential

Building

Structure Type
Residential

Community

Community Features
Gated Community, Voluntary Hoa

Building Details

Construction

Development Status
Recorded Plat

Terms

Terms

Inclusions
Private Dock, Private Dock
Special Terms
All Cash, Conventional
Cumulative Days On Market
129

Taxes

Tax

Tax (Annual)
$68,572

Heating, Cooling & Utilities

Utilities

Utilities
Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Other, Sewer Available, Water Available
Sewer
Public Sewer
Water Source
Municipal Water

Lot

Acres
0.74
Lot Size Area Sq Ft
32,025
Lot Features
City Location, Other Soil Type, 1/2 To Less Than 3/4 Acre Lot, Irregular Lot, Oversized Lot, Other
Road Surface
Paved Road, Paved
Road Frontage
Paved Road
Listed by Coldwell Banker Realty
Listing Data last updated 09/21/2026 06:40 am
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Property History

3 days ago
Property information last updated
138 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 138 days (includes prior listings) · Currently listed since May 5, 2026. Data provided by the MLS.

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