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1520 Lugo Ave, Coral Gables FL 33156

House For Sale
$3,390,000

BTC: 42.00743494

ETH: 1,412.50000000

New
Waterfront
4 bds
5 ba
3,048 sqft

Overview

Virtually brand-new construction without the wait. Rebuilt down to the studs, this 4-bedroom, 5.5-bath waterfront residence offers modern design and high-end finishes inside gated Gables by the Sea. Every bedroom is en-suite with a walk-in closet, complemented by a chef’s kitchen with Thermador appliances, soundproofed home office, and seamless indoor-outdoor living. Set on a 12,500 SF lot connected to city sewer, the covered patio features an outdoor kitchenette and cabana bath overlooking the pool, tranquil waterway, and private dock. Impact windows and doors, new roof, 2-car garage, and new driveway. Enjoy waterfront living ideal for kayaking and paddleboarding; waterway does NOT provide ocean access.

Location

Details

Type:
Residential
Parking:
Circular Driveway / Driveway
Year Built:
1973
Lot:
12300 Square Feet
Heating:
Central
Price/sqft:
$1,112
Cooling:
Ceiling Fan(s) / Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,539,950
$925K – $2.7M
Confidence Low
List vs. estimate
$1.9M above estimate
List $3,390,000 · +120.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,112
-2.8% vs. city median $1,144
Based on
6 MLS comparables
+ 21 public-records sales within 0.5 mi
Median actual sale: $2.6M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$30,481
2025
Pool
In Ground
View
Canal, Water
Waterfront
WF/Pool/No Ocean Access, Canal Front
Garage
2 car garage
All facts and features
  • Flooring

    • Wood

    Heating

    • Central

    Cooling

    • Ceiling Fan(s)

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Range

    • Electric Water Heater

    • Ice Maker

    • Microwave

    • Refrigerator

    • Wall Oven

    • Washer

    Other interior features

    • First Floor Entry

    • Den/Library/Office

    • Utility Room/Laundry

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Bathrooms: 1

    • Full bathrooms: 5

  • Parking

    • Circular Driveway

    • Driveway

    Property

    • Exterior Features: Lighting

    Lot

    • Lot: 12300 Square Feet

    Other Property Information

    • Parcel Number: 03-51-18-007-0140

    • Zoning: 0100

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $30,481

  • Source details

    • MLS ID: A12077026

    Other facts

    • Construction Materials: Concrete Block Construction

    • Laundry Features: Utility Room/Laundry

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Patio And Porch Features: Deck / Patio

    • Pool Features: In Ground

    • Window Features: Blinds / High Impact Windows

    • Direction Faces: South

    • Architectural Style: Detached / One Story / Modern/Contemporary

    • Waterfront: Yes

    • Garage Spaces: 2

    • Garage: Yes

    • Living Area: 3048

    • Water Source: Municipal Water

    • Subdivision Name: CORAL BAY SEC C

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida, LLC