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720 Lugo Ave, Coral Gables FL 33156

Lots/Land For Sale
$19,800,000

BTC: 309.37500000

ETH: 11,123.59550562

29 days
Waterfront
0 room(s)

Overview

"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.

Location

Florida • Coral Gables • 33156 • Lots/Land • For Sale • Waterfront

Details

Type:
Land/Boat Docks
Parking:
No Data
Year Built:
No Data
Lot:
0.73 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,740,000
$1.3M – $11.7M
Confidence Low
List vs. estimate
$17.1M above estimate
List $19,800,000 · +622.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
+ 2 public-records sales within 0.5 mi
Median actual sale: $5.7M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$68,572
2025
View
Bay View, Ocean View
Waterfront
Ocean Front
All facts and features

  • Lot

    • Lot: 0.73 Acres

    Other Property Information

    • Parcel Number: 03-51-18-006-0320

    • Zoning: 0100

  • Type and style

    • Property Type: Land/Boat Docks

    • Property Sub Type: Residential

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Electricity Available

    • Other

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $68,572

  • Source details

    • MLS ID: A12013324

    Other facts

    • Lot Features: City Location / Other Soil Type / 1/2 To Less Than 3/4 Acre Lot / Other

    • Direction Faces: North

    • Other Structures: Other Bldg Incl

    • Waterfront: Yes

    • Water Source: Municipal Water

    • Subdivision Name: CORAL BAY SEC B

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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Market around this address

Live counts in the same area.
View all
This zip
33156
322
median $3.2M
Active
Same city
Coral Gables
367
median $2.4M
Active
Same type
Lots/Land
13
median $2.6M
Active
Similar price
$13.9M – $25.7M
19
median $18.0M
Active

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: Coldwell Banker Realty