Home » Coral Gables » 650 Lugo Avenue, Coral Gables, FL 33156 | A11742039

For Sale 650 Lugo Avenue, Coral Gables, FL 33156

$36,000,000

Property Highlights

Listing ID A11742039 Status of this Listing: Active For Sale Property Type Residential Single Family House 8 Bedrooms 7 Bathrooms Total 7 Full Bath Living Space 9,287 Sqft/862.79 m2 approx. Building Area 11,744 Sqft/1091.05 m2 approx. Lot area 17,250 Sqft/1602.58 m2 approx. POOL Year Built 2002 Waterfront Seller considers Owner Financing Has view of the Ocean Time of this property on Rebonus 27 Day(s)

650 Lugo Avenue, Coral Gables, FL 33156

Property Description: Only waterfront home in Miami-Dade County that offers 300-degree Bayfront views. Nestled at the end of a secluded peninsula in Coral Gables in a gated community, this trophy property showcases dramatic open water views from all rooms. Enjoy the sensation of living on your own private island in the middle of Biscayne Bay. Destined to be a storehouse of value for years to come. Fully remodeled in 2024 w/ elevator. Ensuite bathrooms throughout. Elevated for storm protection. Dramatic 25-foot high ceilings. Rare opportunity to acquire a generational waterfront estate. (New seawall to be completed by May 2025-see permit attached-over 150 ft on water). Owner/Seller financing available for up to 40% at 7% interest, w/ terms up to 36 months. Minutes to Signature FBO and MIA. No bridges to bay.

Useful Info

Original List Price:$36,000,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is

Land Lot (Parcel) Details

Lot Features:
  • 1/4 To 1/2 Acre Lot
Lot Size Unit:Square Feet

Construction

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

Property Features

Has View:Yes
View from the Property:
  • Ocean
  • Bay
Waterfront:Yes
Waterfront Features:
  • Ocean Access
  • Seawall
  • Point Lot
  • Bayfront
Frontage Length:150
Swimming Pool Features:
  • Concrete
  • Pool
Furnished:
  • Unfurnished
Interior Features:
  • First Floor Entry
  • Other
  • Second Floor Entry
Exterior Features:
  • Security/high Impact Doors
  • Fence
  • Balcony
  • Porch
  • Patio
  • Fruit Trees
Patio and Porch Features:
  • Patio
  • Balcony
  • Open
  • Porch
Roof:
  • Barrel
Laundry Features:
  • Washer Hookup
  • Dryer Hookup
Air Conditioning:Yes
Air Conditioning System:
  • Zoned
Heating System:
  • Other
Property Entrance Faces:
  • Northeast

Taxes and Expenses

Tax Annual Amount:$167,711

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:2024
Association Fee:$200
Association Fee Frequency:
  • Annually
Property Tax Status:Tax Reflects No Homestead Exemption

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note)
  • Other
Occupant Type:
  • Vacant
Buyer Possession:
  • Closing & Funding
  • Close Of Escrow
Lease Considered:No

Community

Subdivision Name:CORAL BAY SEC B
Community Features:
  • Boat Facilities
Senior Community:No
Development Name:Gables by the Sea
Restrictions:No Restrictions

Parking

Garage:Yes
Garage Spaces:2
Covered Spaces:2
Attached Garage:Yes
Parking Features:
  • Driveway
  • Garage
  • Attached
  • Covered

Public Schools Assigned

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

Elementary School:Pinecrest
Middle Or Junior School:Palmetto

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available
Water Source:
  • Public

More Details

Other Information:
Tax InformationTax Reflects No Homestead Exemption
Housing Older Persons ActNo HOPA
Flood ZoneVE
Type of AssociationHomeowners
Rooms DescriptionDen/Library/Office,Family Room,Recreation Room,Utility Room/Laundry
StyleWF/Pool/Ocean Access
FEMA Flood Zone DesignationsVE
Municipal Code3
Ref1107044037
Subdivision Number6
Water Access Description:Other

Zoning and Legal

Tax Legal Description:CORAL BAY SEC B PB 65-115 LOT 35 & E1/2 OF LOT 34 BLK 3 LOT SIZE 150.000 X 115 OR 18889-2446 1199 1 & OR 18915- 0861-1299-1
Real Estate Folio Number (Parcel Number):03-51-18-006-0350
Zoning Description:0100
Public Survey Township:3
Public Survey Range:51
Public Survey Section:18

Listing History

Update/EventDate/Days
Published Date:February 12, 2025 11:39 am
On Market Date:February 12, 2025
Price Change Date Time:February 10, 2025 10:43 am
Last Important Update Description:New Listing
Date and Time of Last Important Update:February 12, 2025 11:39 am
Status Last Changed:February 12, 2025 11:39 am
Photos Last Modified:March 11, 2025 5:25 pm
Last Modified:March 11, 2025 5:14 pm
Days on the Market Reference Date:March 11, 2025
Days on the Market (updated on Last Modified*):27
Cumulative Days on the Market (updated on Last Modified**):39

Additional Information

Lot Size Range:1/4 To Less Than 1/2 Acre Lot
Number of Photos:100
Location:,,1/4 To Less Than 1/2 Acre Lot
Included:,,
Area:51
Automated Valuation Display:Yes
Courtesy of:Keller Williams Capital Realty
Universal Property Id:US-12025-N-0351180060350-R-N

Location

Show Property Address:Yes
Street Name:Lugo Avenue
Street Number:650
Street Address:650 Lugo Avenue
City : Coral Gables
State : Florida
Zip Code : 33156
County : Miami-Dade
Full Address:650 Lugo Avenue, Coral Gables, FL 33156
Latitude:N25° 39' 8.7''
Longitude:W81° 44' 0.2''

Neighborhood

Postal City:Coral Gables
City Region:Gables By The Sea

Property Map

Mortgage Calculator

Please note: The calculator shows the current listing asking price as home value. Update all fields at your convenience.

Calculate Your Mortgage Payment

$.00
$.00
6.5
30

Taxes and Insurance

$.00
$.00
%

Financial Analysis

%

%

$

$

$

$

$