Unimproved Land in 720 Lugo Avenue, Coral Gables, FL 33156 for sale with MLS# A12013324
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.
720 Lugo Avenue, Coral Gables, FL 33156
- Price:
- $19,800,000.00
- Original List Price:
- $19,800,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $618.42
- List Price per Sq Ft (Calculated, Approx.):
- $618.27
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Land & Docks
- Property Type:
- Unimproved Land
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- May 5, 2026 4:00 am
- Lot Area:
- 32,025 Sqft
- Lot Size Dimensions and Info:
- 32025
- Additional Parcels
- Lot Features:
- Other
- Lot Size Acres:
- 0.735
- Number of Lots:
- 2
- View from the Property:
- Ocean, Bay
- Waterfront:
- Yes
- Waterfront Features:
- Ocean Front, Bayfront
- Frontage Length:
- 250
- Other Structures:
- Other
- Current Use:
- Other, Single Family, Residential
- Boat and Dock Features:
- Private Dock
- Vegetation and Trees:
- Other
- Property Entrance Faces:
- North
- Flood Zone Code:
- VE
- Tax Annual Amount:
- $68,572.00
- Tax Year:
- 2025
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Available, Electricity Available, Sewer Available, Water Available, Other
- Water Source:
- Public
- Association
- Association Membership:
- Voluntary
- Subdivision Name:
- CORAL BAY SEC B
- Senior Community:
- No
- Development Status:
- Recorded Plat
- Community Dock
- Documents Available:
- Survey, Plans
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable
- 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
- Real Estate Folio Number (Parcel Number):
- 0351180060320
- Zoning:
- 0100
- Elementary School:
- Lighthouse
- High School:
- Miami Palmetto
- Middle Or Junior School:
- Palmetto
- Active on the market since:
- May 5, 2026
- Listing Agreement executed on:
- May 5, 2026
- Listing Status Last Changed On:
- May 5, 2026 4:00 am
- Photos updated on:
- July 31, 2026 6:06 pm
- Last Modified:
- July 31, 2026 6:11 pm
- Courtesy of:
- Coldwell Banker Realty
- Attribution:
- Not provided
- Road Surface Type:
- Paved
- Street Name:
- Lugo
- Street Number:
- 720
- City:
- Coral Gables
- State:
- Florida
- Zip Code:
- 33156
- County:
- Miami-Dade
- Latitude:
- N25° 39' 8.8''
- Longitude:
- W81° 43' 57.7''
- Street Suffix:
- Avenue
Want to schedule an in-person or virtual tour? Have questions?
Want to schedule an in-person or virtual tour? Have questions?
Schedule a Tour or Ask a Question
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad 720 Lugo Avenue, Coral Gables, FL 33156
