
MIAMI REALTORS® MLS720 Lugo Avenue, Coral Gables, FL 33156
- Beds
- —
- Baths
- 0
- Sqft
- —
- 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
Price history
| Date | Event | Price |
|---|---|---|
| May 5, 2026 | ListedMIAMI REALTORS® MLS | $19,800,000 |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2025 | $68,572 | — |
Payment calculator
- 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 BCoral Gables · Miami-Dade County · 33156
Climate risk
—No licensed climate-risk source is connected.
Nearby schools
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