$16,500,000
9340 Balada St, Coral Gables, FL 33156
OLD CUTLER BAY SEC 2
720 Lugo Ave, Coral Gables, FL 33156
$19,800,000— Beds— Baths
Coral Gables, FL 33156 · CORAL BAY SEC B
Status
Active
Type
Residential
Year Built
—
Days on Market
129
Lot Size
32,025 sqft
MLS #
A12013324
County
Miami-Dade County
About 720 Lugo Ave, Coral Gables, FL 33156
"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.
How This Listing Compares in Coral Gables
| This home | Coral Gables median (12 mo) | |
|---|---|---|
| Days on market | 129 | 58 |
Medians from closed MLS sales in Coral Gables; a starting point, not an appraisal.
Home Features at 720 Lugo Ave, Coral Gables, FL 33156
- Pool Private
- No
- Direction Faces
- North
The Building at 720 Lugo Ave, Coral Gables, FL 33156
- Building Name
- CORAL BAY SEC B
- Building Area Units
- Square Feet
- Association
- No
Lot, Views & Construction at 720 Lugo Ave, Coral Gables, FL 33156
- Lot Features
- City Location, Other Soil Type, 1/2 To Less Than 3/4 Acre Lot, Irregular Lot, Oversized Lot, Other
- Lot Size Square Feet
- 32,025
- Waterfront
- Yes
- Waterfront Features
- Ocean Front
- Frontage Length
- 250
- View
- Bay View, Ocean View
- Sewer
- Public Sewer
- Water Source
- Municipal Water
- New Construction
- No
Taxes & Public Record for 720 Lugo Ave, Coral Gables, FL 33156
- Parcel Number
- 03-51-18-006-0320
- Tax Annual Amount
- $68,572
- Tax Year
- 2,025
- 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
- Zoning
- 0100
- County Or Parish
- Miami-Dade County
Map & Neighborhood
720 Lugo Ave, Coral Gables, FL 33156 · More homes in Coral Gables
Courtesy of Coldwell Banker Realty
Comparable Listings in Coral Gables
720 Lugo Ave, Coral Gables, FL 33156 at a Glance
Offered for sale in Coral Gables 33156, 720 Lugo Ave is a property. The asking price is $19,800,000, on the market since May 5, 2026, with Coldwell Banker Realty as the listing brokerage. Public schools are run by the Miami-Dade County school district. Ask Matthew Gromadzki for a private showing, the full disclosure package, or comparable sales before you make an offer.