“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.
Property Details
Price:
$19,800,000
MLS #:
A12013324
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Residential
Subdivision:
CORAL BAY SEC B
Neighborhood:
coralbaysecb
Listed Date:
May 5, 2026
Lot Size:
32,025 sqft / 0.74 acres (approx)
See this Listing
Schools
Interior
Exterior
Community Features
Gated Community, Voluntary Hoa
Direction Faces
North
Lot Features
City Location, Other Soil Type, 1/2 To Less Than 3/4 Acre Lot, Other
Other Structures
Other Bldg Incl
View
Bay View, Ocean View
Waterfront Features
Ocean Front
Financial
Tax Year
2025
Taxes
$68,572
Map
Community
- Address720 Lugo Ave Coral Gables FL
- SubdivisionCORAL BAY SEC B
- CityCoral Gables
- CountyMiami-Dade County
- Zip Code33156
Market Summary
Current real estate data for Single Family in Coral Gables as of Jun 30, 2026
241
Single Family Listed
159
Avg DOM
1,480
Avg $ / SqFt
$7,467,533
Avg List Price
Property Summary
- Located in the CORAL BAY SEC B subdivision, 720 Lugo Ave Coral Gables FL is a Single Family for sale in Coral Gables, FL, 33156. It is listed for $19,800,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space.The average price per square foot for Single Family listings in Coral Gables is $1,480. The average listing price for Single Family in Coral Gables is $7,467,533. To schedule a showing of MLS#a12013324 at 720 Lugo Ave in Coral Gables, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.
Similar Listings Nearby

720 Lugo Ave
Coral Gables, FL

Recent Comments