720 Lugo Avenue, Coral Gables, FL 33156 (MLS# A12013324)

720 Lugo Avenue, Coral Gables, FL 33156

$19,800,000

Virtual Tour

https://vimeo.com/1161882421

Property Type: Land & Docks Lot Size (sq. ft.): 32,025 Status: Active

Current Price: $19,800,000 List Date: 5/05/2026 Last Modified: 8/26/2026

Overview

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, prem ... (Read more)

Listing Details MLS# A12013324

General Property Information

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

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

Contract Information

Comp Sale YN: No
Original List Price: 19800000
LP/Acre: 26938775.51

Location and Legal

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

Financial Information

Association YN: Yes
Association Membership: Voluntary
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

Status Change Information

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

More Information

Boat and Dock Information

Dock: Yes

Price Calculations

Current Price To SqFt: 618.42

Section Details

Parcel Number MLX: 0320

Originating Details

Originating System Key: 462267146
Originating System ID: M00000151

Listing Office: Coldwell Banker Realty

Last Updated: August - 26 - 2026

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