Closed

Gables By The Sea, 650 Lugo Ave, Coral Gables, FL 33156

12,900,000(-10.08% )
$11,600,000Price
5Beds
51/2Baths
9,287SqFt

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Details

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Status:
Sold - Nov 17, 2022
Parking: 2
Size: 9,287 SqFt (863 m2)
Price: $1,249/SqFt ($13,445/m2)
Type: Single Family Home
Built: 2002
MLS Number: A11271594
View: Bay,Ocean
On Site: 1048 Days
Updated: 985 Days ago
Page Views: 0
Stunning one-of-a-kind bayfront estate in the best location in the gated community of gables by the sea. Opportunity to purchase a unique open-bay home with 360 degrees of water views. The house is being sold as is with approved plans with the city of coral gables for a complete renovation. Perfect for a developer, investor, and waterfront lover to finish this incredible masterpiece. Permits for a new seawall and dock are almost ready!
Features
Bedrooms
  • Bedrooms: 5
Bathrooms
  • Bathrooms: 5
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: Balcony,Fence
  • View: Bay,Ocean
Interior, Heating and Cooling
  • Interior Features: SecondFloorEntry, Other
  • Equipment / Appliances: None
  • Heating Description: Other
  • Cooling Description: Other
Building and Construction
  • Floor Description: Other
  • Windows/Treatment: ImpactGlass
  • Year Built: 2002
  • Year Built Description: Resale
  • Style: Detached
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
    Other Property Info
    • Garage: 2
    • Listing Date: 2022-09-16T09:34:17.753-00:00
    • Directions: North
    Taxes, Fees & More
    • Taxes: 110484
    • Security Information: GatedCommunity
    • Parking Description: Driveway

    Price History

    11/16/2022

    Date

    Sold

    Event

    $11.6M

    Price

    -10.08%

    Change Rate

    $1,249 ft2 / $13,445 m2

    Price Per

    10/22/2022

    Date

    Price Reduced

    Event

    $12.9M

    Price

    -13.42%

    Change Rate

    $1,389 ft2 / $14,952 m2

    Price Per

    09/12/2022

    Date

    Listed

    Event

    $14.9M

    Price

    $1,604 ft2 / $17,270 m2

    Price Per

    Price per square foot and days on website are not provided values and are calculated by Subdivisions.

    Listed by Alexandra SierraCompass Florida, LLC • Buyer Agency Compensation .

    Instant Comps

    $400/ft²
    $1,200/ft²
    $2,200/ft²
    $3,100/ft²

    Unit 650 Lugo Ave – Asking

    $1,249/ft²

    (-2%) from Closed Medium $/ft²

    Closed Medium $/ft²

    $1,269/ft²
    Community $/Price Range (Closed) $556/ft² – $2951/ft²
    No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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