$19,800,000
720 Lugo Avenue
Coral Gables, FL 33156
Explore the area: Coral Gables homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $19,800,000
- Price per sq ft
- $4,990
- Original price
- $22,500,000
- Days on market
- 231
This 5-bedroom single-family home in Coral Bay Sec B is listed at $19,800,000, or $4,990 per square foot. The asking price has come down 12% from its original $22,500,000. It has been on the market for 231 days.
Estimated monthly payment
$104,058 /mo
Principal and interest only, based on $3,960,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $19,800,000
- Days on Site
- 231 Days
- Bedrooms
- 5
- Total Baths
- 5
- Full Baths
- 5
- Partial Baths
- 0
- Living Area
- 3,968 sqft
- Total Sq Ft
- 4,645 sqft
- Lot Size
- 0.74 Acres
- Year Built
- 1972
- Property Type
- Single Family
- MLS #
- A11953949
- Property Tax
- $68,572 (2025)
- Subdivision
- CORAL BAY SEC B
- County
- Miami Dade
- Status
- Active
About This Property
“My Paradise” earns its name! This 5BR/5BA double-waterfront estate sits on a 32,025 SF lot with 250’ of unobstructed pristine waterfront views on both sides, capturing mesmerizing sunrise-to-sunset across Biscayne Bay, Downtown, Miami Beach & Key Biscayne. Privately positioned at Lugo Avenue’s dead end, resort-style grounds feature lush landscaping, wooden & coral walkways, gazebo, sand beach, summer kitchen & serene fountains. Elevated pool deck w/glass railings frame sweeping bay & island vistas. Spacious open living room w/pitched wood-beam ceilings, skylights, formal dining, kitchen w/Bosch & Sub-Zero appliances. Principal suite offers amazing bayside views & spa bath. A yachtsman’s dream includes 66’ dock w/lift, boathouse & plans in progress to extend to 100’. Minutes to dining, shops, & top schools.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Active
- Year Built
- 1972
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Garage Spaces
- 1
- Parking
- Driveway
- Direction Faces
- North
- Lot Size (Acres)
- 0.74
- Living Sq Ft
- 3,968
- Total Sq Ft
- 4,645
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 0100
Interior Features
- Appliances
- Dryer / Dishwasher / Disposal / Gas Range / Microwave / Oven / Refrigerator / Washer
- Cooling
- Central Air / Electric
- Heating
- Central / Electric
- Flooring
- Other / Tile / Wood
- Interior Features
- Wet Bar / Built In Features / Bedroom On Main Level / Breakfast Area / Bathtub / Dining Area / Separate Formal Dining Room / Dual Sinks / Entrance Foyer / Custom Mirrors / Main Level Primary / Soaking Tub / Separate Shower / Walk In Closets
- Windows
- Skylights
- Furnished
- Unfurnished
Exterior Features
- Construction
- Block
- Roof
- Concrete
- Exterior Features
- Lighting / Other
- Private Pool
- Yes
- Pool Features
- Above Ground
- Lot Features
- Irregular Lot / Oversized Lot
- Waterfront
- Yes
- Waterfront Features
- Bayfront / Ocean Access / Ocean Front
- Frontage
- Waterfront
- Frontage Length
- 250.00 ft
- View
- Bay / Ocean / Pool
Community & HOA
- Association Amenities
- Gated
- Utilities
- Cable Available
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions
- MLS Area
- 2510
Schools
- Elementary School
- Pinecrest
- Middle School
- Palmetto
- High School
- Miami Palmetto
About the Community
Coral Bay Sec B is a luxury waterfront, luxury community in Coral Gables, Miami-Dade County, Florida. Properties are priced from $5,500,000 to $28,000,000. Pure Equity lists homes in Coral Bay Sec B and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 7
- Median List Price
- $19,737,500
- Median $/Sq Ft
- $3,014
- Avg Days on Market
- 261
Frequently Asked Questions
- How do I schedule a tour of 720 Lugo Avenue, Coral Gables, FL 33156?
- Use the Tour button on this listing to request a showing of 720 Lugo Avenue, Coral Gables, FL 33156. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 720 Lugo Avenue, Coral Gables, FL 33156 still available?
- 720 Lugo Avenue, Coral Gables, FL 33156 is currently listed as Active, and has been on the market 231 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 720 Lugo Avenue, Coral Gables, FL 33156?
- With 20% down ($3,960,000) on the $19,800,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 720 Lugo Avenue, Coral Gables, FL 33156 is about $104,058/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 720 Lugo Avenue, Coral Gables, FL 33156?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 720 Lugo Avenue, Coral Gables, FL 33156. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 720 Lugo Avenue, Coral Gables, FL 33156?
- 720 Lugo Avenue, Coral Gables, FL 33156 is zoned for Pinecrest (elementary), Palmetto (middle), Miami Palmetto (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 720 Lugo Avenue, Coral Gables, FL 33156?
- Often, yes. The right offer on 720 Lugo Avenue, Coral Gables, FL 33156 depends on how it's priced against comparable single family sales in Coral Gables, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Coldwell Banker Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$19,800,000
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Listed by Jill H Eber, Coldwell Banker Realty
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Recent Sales
Recently sold homes in Coral Bay Sec B
These are the last 4 recorded closings in Coral Bay Sec B, with the price each home actually sold for rather than what it was listed at. They closed at a median of $1,605 per square foot. The most recent closed on August 21, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$4,750,000
Sold · August 21, 2026
1115 San Pedro Avenue
4 bed · 3.5 bath · 2,960 sqft · $1,605/sqft
$749,000 under the asking price
Sold$5,875,000
Sold · June 5, 2026
1140 San Pedro Avenue
3 bed · 2 bath · 3,079 sqft · $1,908/sqft
$325,000 under the asking price
Sold$5,000,000
Sold · May 21, 2026
1145 San Pedro Avenue
4 bed · 4.5 bath · 3,601 sqft · $1,389/sqft
$175,000 under the asking price
Sold$6,850,000
Sold · March 19, 2026
1051 San Pedro Avenue
5 bed · 4.5 bath · 4,809 sqft · $1,424/sqft
$200,000 under the asking price
See every recorded sale in Coral Bay Sec B or find out what your Coral Bay Sec B home is worth.
