$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
- N/A
- Original price
- Unchanged
- Days on market
- 141
This lot in Coral Bay Sec B is listed at $19,800,000. It has been on the market for 141 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
- 141 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 0.74 Acres
- Property Type
- Land
- MLS #
- A12013324
- Property Tax
- $68,572 (2025)
- Subdivision
- CORAL BAY SEC B
- County
- Miami Dade
- Status
- Active
About This Property
"My Paradise” lives up to its name. Double waterfront parcels. 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.
Virtual TourGeneral Features
- Property Type
- Land
- Status
- Active
- Direction Faces
- North
- Lot Size (Acres)
- 0.74
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 0100
Exterior Features
- Lot Features
- City Lot / Irregular Lot / Oversized Lot / Other
- Waterfront
- Yes
- Waterfront Features
- Bayfront / Ocean Front
- Frontage
- Waterfront
- Frontage Length
- 250.00 ft
- View
- Bay / Ocean
Community & HOA
- Utilities
- Cable Available / Electricity Available / Other / Sewer Available / Water Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 2510
Schools
- Elementary School
- Pinecrest
- Middle School
- Palmetto
- High School
- Miami Palmetto
Features & Amenities
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 141 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 land 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.
