Skip To Content

720 Lugo Ave

Coral Gables, FL 33156
  • $19,800,000
  • STATUS: Active
  • ON SITE: 65 Days
  • MLS #: A12013324
$19,800,000
  • 0
    BEDS
  • 0.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

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.

Monthly Payment Calculator



Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2026-07-09T23:50:59.28.
www.miltongarciaproperties.com/homes/176120071
Print Image

720 Lugo Ave Coral Gables, FL 33156

  • Price: $19,800,000
  • Status: Active
  • On Site: 65 Days
  • MLS #: A12013324
0
Beds
0
Baths
0
½ Baths
0.74
Acres
Neighborhood:
Coral Bay Sec B
County:
Miami-Dade
Area:
Coral Bay Sec B
Property 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.
Exterior Features

Direction Faces North Frontage Length 250 Frontage Type Bay Inclusions Private DockPrivate Dock Lot Features City LocationOther Soil Type1/2 To Less Than 3/4 Acre LotOther Other Structures Other Bldg Incl Pool Private YN No Road Frontage Type Paved Road Road Surface Type Paved RoadPaved View Bay ViewOcean View View YN Yes Waterfront Features Ocean Front Waterfront YN Yes

Property Features

Additional Parcels YN Yes Association YN No Building Name CORAL BAY SEC B Community Features Gated CommunityVoluntary Hoa Documents Available Plans AvailableSurvey Available Horse YN No Listing Terms All CashConventional New Construction YN No Property Sub Type Residential Public Survey Section 18 Sewer Public Sewer Structure Type Residential Tax Annual Amount 68572 Tax Year 2025 Water Source Municipal Water Zoning 0100

Listing courtesy of Coldwell Banker Realty: 305-915-2556 .


Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2026-07-09T23:50:59.28.
 
https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A12013324-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A12013324-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A12013324-2.jpg
Logo
PMG Residential
398 NE 5th St
Miami FL, 33132