Home » Coral Gables » 1220 Lugo Ave, Coral Gables, FL 33156 | A11613330

Sold 1220 Lugo Ave, Coral Gables, FL 33156

$8,500,000
closed for a price of $6,200,000

Property Highlights

Listing ID A11613330 Status of this Listing: Closed Sold Property Type Residential Single Family House 4 Bedrooms 3 Bathrooms Total 2 Full Bath 1 Half Bath Living Space 2,101 Sqft/195.19 m2 approx. Building Area 3,212 Sqft/298.40 m2 approx. Lot area 18,219 Sqft/1692.60 m2 approx. Year Built 1971 Waterfront Time of this property from published date until Closing Date 70 Days

1220 Lugo Ave, Coral Gables, FL 33156

Property Description: Experience luxurious living in this stunning oversized corner lot with direct ocean access located in the prestigious gated community of Gables by the Sea. This 2-story home features a private boat dock accommodating up to two 75 ft boats and two 32 ft boats. Enjoy mesmerizing sunsets, sunrises, and dolphins passing by from the spacious backyard, perfect for entertaining with its ample patio space. The property includes 4 bedrooms, 2.5 bathrooms, and a 3-car garage, and has been thoughtfully designed and fully renovated less than a year ago with modern stainless steel appliances, impact windows, an emergency generator, and brand new air conditioning. The sizable driveway fits 4+ cars. Additionally, it offers easy access to Lugo Point and is surrounded by top-rated schools.

Useful Info

Contingency:Pending Inspections
Original List Price:$8,500,000
Close Price:$6,200,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is

Land Lot (Parcel) Details

Lot Features:
  • Corner Lot
  • Oversized Lot
  • Quartertohalfacrelot
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • Two Story
  • Detached
Levels:Two
Construction Materials:
  • Block
Flooring:
  • Marble
Stories:2

Property Features

Has View:Yes
View from the Property:
  • Water
  • Canal
  • Bay
Waterfront:Yes
Waterfront Features:
  • Canal Front
  • Navigable Water
  • Other
Frontage Length:0
Security:
  • Smoke Detector(s)
  • Gated Community
Appliances:
  • Dryer
  • Dishwasher
  • Microwave
  • Refrigerator
  • Washer
  • Other
  • Electric Range
Interior Features:
  • First Floor Entry
  • Bedroom On Main Level
Exterior Features:
  • Security/high Impact Doors
  • Patio
  • Other
Patio and Porch Features:
  • Patio
Roof:
  • Concrete
Window Features:
  • Impact Glass
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central
Property Entrance Faces:
  • South

Taxes and Expenses

Tax Annual Amount:$67,957

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Association Fee Frequency:
  • Monthly
Property Tax Status:Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Owner
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Cash
Lease Considered:No

Community

Subdivision Name:CORAL BAY SEC C
Community Features:
  • Gated
  • Home Owners Association
Senior Community:No
Restrictions:No Restrictions

Parking

Garage:Yes
Garage Spaces:3
Covered Spaces:3
Parking Features:
  • Driveway
  • Garage Door Opener
  • Covered

Public Schools Assigned

Note: provided by seller, please contact the school district to confirm the school assignment for this property address.

Elementary School:Groveland Elem
High School:Miami Palmetto
Middle Or Junior School:Palmetto

Utilities

Sewer:
  • Public Sewer
Electric:
  • Generator Hookup
Water Source:
  • Public

More Details

Other Information:
Tax InformationTax Reflects No Exemptions
Housing Older Persons ActUnverified
Flood ZoneAE
Type of AssociationNone
Rooms DescriptionNo Additional Rooms
Style WF/No Ocean Access
FEMA Flood Zone DesignationsAE
Municipal Code3
Subdivision Number7
Buyer Country of ResidenceUnknown/Withheld
Water Access Description:Other,Private Dock,Unrestricted Salt Water Access

Zoning and Legal

Tax Legal Description:18 55 41 CORAL BAY SEC C PB 65-147 LOT 1 BLK 5 LOT SIZE 110.420 X 165
Real Estate Folio Number (Parcel Number):03-51-18-007-0010
Zoning Description:0100
Public Survey Township:3
Public Survey Range:51
Public Survey Section:18

Listing History

Update/EventDate/Days
Published Date:July 3, 2024 12:14 pm
On Market Date:June 25, 2024
Close Date:September 11, 2024
Price Change Date Time:June 25, 2024 7:10 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:September 12, 2024 10:14 am
Status Last Changed:September 12, 2024 10:14 am
Photos Last Modified:July 3, 2024 4:38 pm
Last Modified:September 12, 2024 2:14 pm
Days on the Market Reference Date:September 12, 2024
Days on the Market (updated on Last Modified*):34
Cumulative Days on the Market (updated on Last Modified**):34

Additional Information

Lot Size Range:1/4 To Less Than 1/2 Acre Lot,Corner Lot,Oversized
Number of Photos:78
Location:,,1/4 To Less Than 1/2 Acre Lot,Corner Lot,Oversized Lot
Included:,,
Geographical Area:Davie (3780-3790;3880)
Area:51
Courtesy of:Casabella Miami Realty
Universal Property Id:US-12025-N-0351180070010-R-N

Location

Show Property Address:Yes
Street Name:Lugo Ave
Street Number:1220
Street Address:1220 Lugo Ave
City : Coral Gables
State : Florida
Zip Code : 33156
County : Miami-Dade
Full Address:1220 Lugo Ave, Coral Gables, FL 33156
Latitude:N25° 39' 8.6''
Longitude:W81° 43' 17.3''

Neighborhood

Postal City:Coral Gables

Property Map

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