Basic Information

  • MLS # A12013324
  • Type Residential
  • Status Active
  • Subdivision/Complex Coral Bay Sec B
  • Total Size 32,025 Sq.Ft / 0.74 Acre
  • Date Listed 05/05/2026
  • Days on Market 170
Description

"My Paradise” lives up to its name. Double waterfront parcels. 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

  • Waterfront Yes
  • Parking Spaces 0
  • Pool No
  • View Bay, Ocean
  • Waterfront Description Bayfront, Ocean Front
  • Parking Description
  • Style Residential

Interior Features

  • Adjusted Sqft 0.74 AcreSq.Ft
  • Sqft 0.74 AcreSq.Ft

Property Features

  • Address 720 Lugo Ave
  • Aprox. Lot Size 32,025
  • City Coral Gables
  • Community Features Gated, Home Owners Association
  • County Miami- Dade
  • Direction Faces North
  • Frontage Length 250
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • Lot Features Flood Zone, Irregular Lot, Oversized Lot
  • Occupant Type Call Agent
  • Possession Closing And Funding
  • Postal City Coral Gables
  • Public Survey Township 3
  • Sewer Description Public Sewer
  • HOA Fees $0
  • Subdivision Complex
  • Subdivision Info Coral Bay Sec B
  • Tax Amount $68,572
  • Tax Legal desc CORAL BAY SEC B PB 65-115 LOTS 32 & 33 BLK 3 LOT SIZE 200.000 X 115 OR 11030-2312 0381 2
  • Tax Year 2025
  • Terms Considered Cash, Conventional
  • Type of Property Residential
  • View Bay, Ocean
  • Water Source Public
  • Waterfront Description Bayfront, Ocean Front

720 Lugo Ave

Coral Gables, FL 33156

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