720 Lugo Ave ,Residential, Coral Bay Sec B for Sale & Rent

720 Lugo Ave for Sale & Rent

Price $19,800,000.00

• Lot size 32025
• Year Build
• Waterfront Ocean Front
• Zip 33156
• Style
• Parking Description
• Pool Yes
• Status Active

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.

CORAL BAY SEC B PB 65-115 LOTS 32 & 33 BLK 3 LOT SIZE 200.000 X 115 OR 11030-2312 0381 2

City Location, Other Soil Type, 1/2 To Less Than 3/4 Acre Lot, Other

"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.

City:Coral Gables,View:1:Ocean View,View Y N:1,Zoning:0100,List A O R:A-Miami Association of REALTORS,Tax Year:2025,Latitude:25.6524208,Elevation:15,List Price:19800000,Listing Id:A12013324,Longitude:-80.2674966,Mls Status:Active,Utilities:1:Sewer Connected,2:Water Connected,3:Cable Available,4:Electricity Available,5:Other,6:Sewer Available,7:Water Available,Current Use:1:Other Usage,Inclusions:Private Dock, Private Dock,Postal Code:33156,Street Name:Lugo Ave,Vegetation:1:Other Ground Cover,Coordinates:1:25.6524208,Lot Features:1:Other Soil Type,2:1/2 To Less Than 3/4 Acre Lot,3:Other,Photos Count:71,Building Name:CORAL BAY SEC B,Days On Market:32,Listing Terms:1:Conventional,Lot Size Acres:0.735,Lot Size Units:Square Feet,M I A M I R E_ Area:51,M L S Area Major:Coral Bay Sec B,On Market Date:2026-05-05,Parcel Number:03-51-18-006-0320,Property Type:Land/Boat Docks,Street Number:720,Waterfront Y N:1,Public Remarks:"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.,County Or Parish:Miami-Dade County,Direction Faces:North,Documents Count:2,Expiration Date:2026-08-12,Frontage Length:250,List Office Name:Coldwell Banker Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6320,Property Sub Type:Residential,Road Surface Type:1:Paved,State Or Province:FL,Subdivision Name:CORAL BAY SEC B,Tax Annual Amount:68572,Unparsed Address:720 Lugo Ave, Coral Gables FL 33156,Listing Agreement:Exclusive Right To Sell,Building Area Units:Square Feet,Community Features:1:Voluntary Hoa,Leasable Area Units:Square Feet,Lot Size Square Feet:32025,M I A M I R E_ Flood Zone:VE,Original List Price:19800000,Public Survey Range:51,Documents Available:1:Survey Available,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:"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.,Additional Parcels Y N:1,Listing Contract Date:2026-05-05,Originating System I D:miamire,Public Survey Section:18,Showing Instructions:Call Listing Agent,Showing Assist,Street Number Numeric:720,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,M I A M I R E_ Current Price:19800000,Public Survey Township:51,M I A M I R E_ Municipal Code:3,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:A rare 32,025 SF lot with 250 ft of waterfront on guard-gated Gables by the Sea with redevelopment potential. Wide bay views.,M I A M I R E_ Parcel Number M L X:0320,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2026-05-05,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,M I A M I R E_ Subdivision Number:6,M I A M I R E_ Agent Alternate Phone:305-915-2556,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:720 Lugo Ave,M I A M I R E_ Subdivision Information:1:Voluntary Hoa,