Premier Brokers International
720 Lugo Avenue, Coral Gables, FL 33156
ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A12013324
$19,800,000

720 Lugo Avenue, Coral Gables, FL 33156

Beds
—
Baths
0
Sqft
—
Est. payment$118,352/mo
Home type
Unimproved Land
Year built
—
Lot size
32,234 sqft
Price / sqft
—
HOA
$0/mo
Community
CORAL BAY SEC B

Property 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.

Listing activity

Days on market
141
Listed
May 5, 2026
MLS listing updated
Sep 11, 2026
Feed last checked
10 minutes ago

Listed by Jill H Eber · Coldwell Banker Realty

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms
0
Bathrooms (decimal)
0
Property

Exterior

Other structures
Other
View
Ocean, Bay
Waterfront
Bay, Ocean
Waterfront property
Yes

Lot

Lot size
32,234 sqft
Lot size (acres)
0.74 acres
Lot dimensions
32025
Lot features
Irregular Lot, Oversized Lot, Other
Zoning
0100
Road surface
Paved
Construction

Type & style

Home type
Unimproved Land

Materials

Faces
North
Utilities & green energy

Utilities

Sewer
Public Sewer
Water
Public
Utilities
Cable Available, Electricity Available, Sewer Available, Water Available, Other
Community & HOA

Community

Subdivision
CORAL BAY SEC B
MLS area
2510

Association

Has association
Yes
Estimated monthly dues
$0
Lease details

Not reported by the listing source.

Location

Area details

City
Coral Gables
County
Miami-Dade
ZIP code
33156
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12013324
Possession
Negotiable
Original list price
$19,800,000
Parcel number
0351180060320
Annual property tax
$68,572
Tax year
2025
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
Additional MLS details

Reported by the listing source

Association
Yes
Bathrooms Total Decimal
0
Bathrooms Total Integer
0
County Or Parish
Miami-Dade
Days On Market
141
Direction Faces
North
Elementary School
Pinecrest
High School
Miami Palmetto
List Price
19800000
Listing Contract Date
2026-05-05
Lot Size Acres
0.74
Lot Size Dimensions
32025
MLSArea Major
2510
Middle Or Junior School
Palmetto
Mls Status
Active
On Market Date
2026-05-05
Photos Count
73
Postal Code
33156
Property Sub Type
Unimproved Land
Property Type
Land & Docks
Road Surface Type
Paved
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-05-05T04:00:00Z
Subdivision Name
CORAL BAY SEC B
Water Source
Public
Waterfront Features
Bay, Ocean
Tax Annual Amount
68572

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
May 5, 2026ListedMIAMI REALTORS® MLS$19,800,000

Public tax history

YearProperty taxesAssessment
2025$68,572—

Payment calculator

Estimated monthly payment$118,352/moIllustrative estimate, not a loan offer.
Principal & interest
$102,738
Property taxes
$5,714
Insurance
$9,900
Association dues
$0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

CORAL BAY SEC B

Coral Gables · Miami-Dade County · 33156

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

PinecrestElementary
—
PalmettoMiddle
—
Miami PalmettoHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

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MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Coldwell Banker Realty. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.