Date
Details
Price
Change
Source
5/05/2026
Listed
$19,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/71
$19,800,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/71
Property Description
"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.
Full Property Details
Full Property Details for 720 Lugo Ave
General
- Price: $19,800,000
- Taxes: $68,572 (2025)
- Status: Active
- Type: Residential Lots
- Source: Greater_Miami
- MLS ID: A12013324
- Updated: 5/5/2026
- Added to Site: 1 day(s) ago
Location
- Area: Coral Bay Sec B
- County: Miami-Dade County
- Subdivision: CORAL BAY SEC B
- Building Name: CORAL BAY SEC B
- Direction Faces: North
Community
- Community Name: Coral Bay Sec B
- Gated community: Yes
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
- Utility Description: Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Other, Sewer Available, Water Available
Structural Information
- Structure Type: Residential
- Detached/Attached: Detached
- Current Bldg. Use: Residential, Other Usage
Additional Structures
- Other Structures: Other Bldg Incl
Lot Features
- Property View: Bay View, Ocean View
- Lot Size (Acres): 0.735
- Lot Size (Sq. Ft.): 32,025
- Frontage: Bay
- Frontage Feet: 250
- Street/Road Desc.: Paved Road, Paved
- Elevation (Approx.): 15
- Lot Features: City Location, Other Soil Type, 1/2 To Less Than 3/4 Acre Lot, Other
- Development Status: Recorded Plat
- Trees/Vegetation: Other Trees, Other Ground Cover
- Zoning: 100
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Ocean Front
Financial Considerations
- Tax Amount: $68,572
- Tax Year: 2025
- Terms: All Cash, Conventional
Disclosures and Reports
- Documents Avail.: Plans Available, Survey Available
- 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
- Inclusions: Private Dock, Private Dock
- Property ID: 03-51-18-006-0320
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Meet the listing agent
Meet the listing agent
— 720 Lugo Ave —
(305) 915-2556 mobile
(305) 672-6300 direct
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 720 Lugo Ave
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Pinecrest Elementary School, Miami, FL 10250 Southwest 57th Avenue, Miami, FL 33156 | PK-5 | 1.9 mi |
Palmetto Middle School 7351 Sw 128th St, Miami, FL 33156 | 6-8 | 2.8 mi |
Miami Palmetto Senior High School 7460 Sw 118th St, Miami, FL 33156 | 9-12 | 3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 720 Lugo Ave
Tax History
Tax History for 720 Lugo Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$38,073
3%
$2,051,369
3%
2024
$36,962
6%
$1,993,556
3%
2023
$34,756
—
$1,935,492
6%
2021
$34,679
-1%
$1,824,388
-3%
2022
$34,882
1%
$1,879,119
4%
2021
$34,679
3%
$1,799,200
2%
2019
$33,618
4%
$1,758,749
2%
2018
$32,248
1%
$1,725,956
2%
2017
$32,017
—
$1,690,457
2%
2016
$31,858
-1%
$1,655,688
1%
2015
$32,260
-1%
$1,644,179
1%
2014
$32,513
2%
$1,631,130
1%
2013
$31,982
—
$1,607,025
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 720 Lugo Ave
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Condo
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,540Sq. Ft.
- Condo
- Active
- Updated 13 hours ago
- 2Beds
- 2Total Baths
- 1,010Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 7Beds
- 6Total Baths
- 4,278Sq. Ft.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 1 day ago
- 6Beds
- 7Total Baths
- 4,646Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 6Beds
- 7Total Baths
- 4,866Sq. Ft.
- Condo
- Active
- Updated 4 days ago
- 4Beds
- 6Total Baths
- 3,886Sq. Ft.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
720 Lugo Ave, Coral Gables, FL 33156 (MLS# A12013324) is a Residential Lots property with a lot size of 0.735 acres. 720 Lugo Ave is currently listed for $19,800,000 and was received on May 05, 2026. This property is listed by The Jills Zeder Group from our Miami Beach Lincoln Building Office.Want to learn more about 720 Lugo Ave? Do you have questions about finding other Residential Lots real estate for sale in Coral Gables? You can browse all Coral Gables real estate or contact a Coldwell Banker agent to request more information.