Land in Coral Gables, FL 33156Gables By The Sea, 720 Lugo Ave
$19,800,000
Beds
0.74
Acre$26,756,757
$/AcreUltra Luxury LandProperty Type
0.74 AcresLot Size
$26,756,757/AcrePrice per acre
Bay,OceanView
YesWaterfront
"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.
Listing Courtesy Of: Coldwell Banker Realty
Local Realty Services Provided By: Best of Luxury Realty
On Site: 188 DaysUpdated: 59 Days agoPage Views: 0
Features
MLS Number: A12013324
All features
- Property SqFt: 32025
- Remarks: "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.
- Internet Remarks: "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.
- View: Bay,Ocean
- Waterfront: Yes
- Directions: North
- Days on Market: 129
- Office Name: Coldwell Banker Realty
- Area: 32025
- Taxes: 68572
- Tax Year: 2025
- Listing Date: 2026-05-05T12:10:02.000-00:00
- Lot Size Square Feet: 32025
Apples-to-Apples Comparables
Price History
Current
$19.8M
High
$19.8M
Low
$19.8M
Total Change
0%Date
Event
Price
Change
Price Per
06/17/2026
Price Reduced
$19.8M
0%$618 ft2
$6,655 m2
05/05/2026
Listed
$19.8M
$618 ft2
$6,655 m2
06/17/2026
$19.8M
Event
Price Reduced
Change
0%Price Per
$618 ft2
$6,655 m2
05/05/2026
$19.8M
Event
Listed
Price Per
$618 ft2
$6,655 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Jill Eber • Coldwell Banker Realty • Buyer Agency Compensation .
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Community Snapshot
4 – 6 BR
Bedrooms
$2.7M – $21.9M
Price Tier
1,661 - 9,287
SqFt Range
1973
Year Build
2
Total Floors
377
Total Units
Subdivision Amenities
Controlled Access
Guard
Playground
All Coral Gables, FL Ultra Luxury Ultra Luxury Homes & Condos
- Almeria Row Townhouse0
- Almeria Square Townhouse0
- Biltmore Row Townhouse1
- Biscayne Bay House4
- Coconut Grove Manor House1
- Coral Estates House2
- Coral Gables No HOA House0
- Coral Gables Residential Mixed3
- Coral Waterway House0
- Gables By The Sea House10
- Gables Estates House5
- Gables Waterway Townhomes Townhouse1
- Giralda Place Condo1
- Hammock Lake Park House0
- Hammocks Oaks Harbor House1
- High Land Estates House1
- Journey's End Mixed1
- Journey’s End Estates House3
- Mariana Place House0
- Old Cutler Bay House4
- Palm Vista House0
- Riviera House23
- Riviera Waterways House0
- Sans Souci House1
- Snapper Creek Lakes House5
- South Brick Condo2
- Sunrise Harbour House5
- Sunrise Point House0
- Tahiti Beach At Cocoplum House1
- The French Village House1
- University Estates House1
- Villa Biltmore Mixed1
- Villa Valencia Condo1
Other Coral Gables, FL Homes & Condos Price Range Segments
Entry-Level
Entry-Level3
Premium
Premium6
Mid-Tier
Mid-Tier57
- 223 Calabria Condo0
- 29 Santillane Condo1
- 55 Merrick Condo2
- Admiral Farragut Condo2
- Almeria Gardens Condo1
- Amalfi In The Gables Condo1
- Anastasia Royal Condo0
- Andalusia Residences Condo2
- Barcelona Court Condo2
- Bella Majorca Condo0
- Biltmore 2 Condo0
- Biltmore Court Villas Townhouse0
- Coconut Grove Mixed8
- Coga Mixed0
- Edgewater East Condo0
- Edgewater Of Coral Gables Condo1
- Futura Sansovino Condo0
- Gables Bath Club Condo0
- Gables Park Tower Condo2
- Gables Plaza Condo4
- Gables South Condo1
- Gables Waterway Towers Condo9
- Golden Gate House0
- Ionian Plaza Condo0
- Louise Park House0
- Madrid Towers Condo0
- Majorca Plaza Condo0
- Mariposa Manor Condo0
- Mendoza Condo0
- One Alhambra Circle Condo0
- One Village Place Condo1
- Padua At Deering Bay Condo2
- Puerta De Palmas Condo10
- Quinary Club Condo1
- Salzedo In The Gables Condo1
- Segovia Street Village Mixed0
- Segovia Tower Condo0
- Ten Aragon Condo3
- The Biltmore Regent Condo1
- The David William Hotel Condo8
- The Merrick At Biltmore Village Condo0
- The Minorca Condo3
- The Ponce De Leon Condo0
- The Ponce Tower Condo1
- University Inn Condo0
- Valencia Grande Condo0
- Valencia Townhouse Mixed0
- Venice At Deering Bay Condo2
- Villa Adria Condo2
- Villa Calabria Condo0
- Villa Duzzi Villa0
- Villa Florini Condo1
- Villa Isabella Mixed0
- Villa Santander Condo1
- Village Park Condo0
- Villas De Majorca Townhouse0
- Waters Edge Of Coral Gables Condo3
High-End
High-End38
- 1300 Ponce Condo3
- Anastasia Coral Gables Townhouse1
- Bermuda Village At Coral Gables Mixed0
- Biltmore Parc Condo1
- Coconut Grove Terrace House1
- Cortez Place House0
- Dakota Townhouse0
- Davis Orchard House0
- Deering Bay Club Villas Townhouse1
- Deering Bay Estates Mixed1
- Flagler Street House4
- Gables Laroc Condo2
- Gables On The Green Condo0
- Glen Gables House0
- Granada House27
- Granada Groves House0
- Granada Place House3
- Granada Terrace House0
- Guma House1
- Hammock Heights House0
- Kerrwood Oaks House0
- Kings Bay House4
- Mac Farlane Homestead Mixed2
- Menores Condo2
- Merrick Manor Condo9
- Milano At Deering Bay Condo1
- Pine Bay Estates House1
- Snapper Creek Oaks House3
- Tamiami Place House5
- The Gables Club Condo9
- The Gallery Plaza Condo2
- The New French Village Mixed1
- University Place House0
- Verona At Deering Bay Condo1
- Villa Blanc Townhouse1
- Villa Toscana Mixed1
- Village Of Campo Sano Townhouse0
- Welbon House2
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