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750 Lugo Ave, Coral Gables FL 33156

House For Sale
$14,850,000

BTC: 241.85667752

ETH: 8,505.15463918

1 days
Waterfront
5 bds
5 ba
4,928 sqft

Overview

Casa Dos Aguas - Rarely available, this extraordinary waterfront residence offers one of South Florida’s most coveted settings on a private peninsula within the exclusive, gated Gables by the Sea community in Coral Gables. It offers breathtaking open water views of Biscayne Bay to both the north and south, with a stunning downtown Miami skyline backdrop. Designed in the spirit of mid-century modern architecture, living areas are elevated on the second floor and additional bedrooms on the third - maximizing the spectacular panoramic bay views enjoyed from virtually every room. A three-story elevator provides effortless access throughout. Boasting 100 linear feet of deep-water frontage with no fixed bridges to Biscayne Bay, the property is a true yachtsman’s dream, capable of accommodating a large yacht with direct, unobstructed access to open water. The roof was redone in 2013 and has all-impact windows and doors. Designed for the South Florida lifestyle, the home features generous balconies to savor the constant bay breeze and sweeping water vistas, while the ground floor offers an expansive covered entertainment area perfect for hosting. The resort-style pool includes an in-pool spa and is heated for year-round enjoyment. Located just three properties in from the bay within one of Coral Gables’ most prestigious gated enclaves, this is a rare opportunity to own a true waterfront trophy property.

Location

Details

Type:
Residential
Parking:
Circular Driveway / Covered / Paver Block
Year Built:
1988
Lot:
11500 Square Feet
Heating:
Central / Electric
Price/sqft:
$3,013
Cooling:
Central Air / Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$7,000,000
$4.7M – $11.7M
Confidence Low
List vs. estimate
$7.8M above estimate
List $14,850,000 · +112.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$3,013
+144.8% vs. city median $1,230
Based on
5 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
$129,853
2025
Pool
Above Ground
View
Bay, Ocean
Waterfront
Ocean Access, Ocean Front
Garage
2 car garage
All facts and features
  • Flooring

    • Marble

    • Tile

    • Wood

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Dryer

    • Gas Range

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Second Floor Entry

    • Built-in Features

    • Elevator

    • Walk-In Closet(s)

    • Family Room

    Bedrooms and bathrooms

    • Bedrooms: 5

    • Full bathrooms: 5

  • Parking

    • Circular Driveway

    • Covered

    • Paver Block

    Property

    • Exterior Features: Barbeque / Lighting

    Lot

    • Lot: 11500 Square Feet

    Other Property Information

    • Parcel Number: 03-51-18-006-0310

    • Zoning: 0100

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $129,853

  • Source details

    • MLS ID: A12029654

    Other facts

    • Construction Materials: CBS Construction

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

    • Patio And Porch Features: Awning(s)

    • Pool Features: Above Ground

    • Direction Faces: South

    • Architectural Style: Detached / Three Or More Stories

    • Waterfront: Yes

    • Garage Spaces: 2

    • Garage: Yes

    • Living Area: 4928

    • Water Source: Municipal Water

    • Subdivision Name: CORAL BAY SEC B

Private inquiry
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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