720 Lugo Avenue, Coral Gables, FL

$19,800,000

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0.74

Acres

About 720 Lugo Avenue

"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.

Residential Land/boat Docks property for sale in Coral Gables, FL at 720 Lugo Avenue.

Features of 720 Lugo Avenue

MLS® # A12013324
Price $19,800,000
Acres 0.74
Type Residential Land/boat Docks
Sub-Type Unimproved Land
Status Active

Community Information: Coral Gables

Address 720 Lugo Avenue
Area 2510
Subdivision CORAL BAY SEC B
City Coral Gables
County Miami-Dade
State FL
Zip Code 33156

Amenities of 720 Lugo Avenue

Utilities Cable Available, Electricity Available, Other, Sewer Available, Water Available
View Bay, Ocean
Is Waterfront Yes
Waterfront Bay Front,Ocean Front

Exterior of 720 Lugo Avenue

Lot Description Other

School Information

Elementary Pinecrest
Middle Palmetto
High Miami Palmetto

Additional Information On 720 Lugo Avenue

Listing Courtesy of Coldwell Banker Realty
Date Listed May 5th, 2026
Zoning 0100
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Realty

Listing Map

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