720 Lugo Ave - Image 1
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$19,800,000

Price Changed

720 Lugo Ave

Coral Gables, FL 33156Miami-Dade CountyCORAL BAY SEC B
LandFor SaleActive

Property Highlights

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Beds / Baths

0

Square Feet

0.73

Acres

About This Property

"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

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Lot Size0.73 acres

Listing Information

MLS IDA12013324
MLS NameMiamiAssociationOfRealtors
Sale TypeFor Sale
Days on Market13 days
Last UpdatedMay 5, 2026
Price ChangedMay 5, 2026

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Quick Stats

Property Type:Land
Status:Active
Listed:N/A