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Land for sale at 720 Lugo Ave, Coral Gables, FL 33156 | MLS# A12013324 | Listing updated on 2026-11-04
Photo 1 of Land for sale at 720 Lugo Ave, Coral Gables, FL 33156 | MLS# A12013324 | Listing updated on 2026-11-04
Photo 2 of Land for sale at 720 Lugo Ave, Coral Gables, FL 33156 | MLS# A12013324 | Listing updated on 2026-11-04
Photo 3 of Land for sale at 720 Lugo Ave, Coral Gables, FL 33156 | MLS# A12013324 | Listing updated on 2026-11-04
Photo 4 of Land for sale at 720 Lugo Ave, Coral Gables, FL 33156 | MLS# A12013324 | Listing updated on 2026-11-04
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$19,800,000

Monthly Est:$98,552

  • Beds Icon-- Bed
  • Beds Icon
    -- Bath
  • Beds Icon32,025sqft lot

720 Lugo Ave, Coral Gables, FL 33156

$98,552/moEst:

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  • Unimproved Land

  • Built in -

  • $-- HOA

  • 32,025 sqft lot

  • $618/sq.ft

Description

"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.

  • Houzeo last checked: 13 minutes ago
  • Listing updated: November 4, 2026 at 2:40 pm
  • Listing Provided by: Jill H Eber (305) 915-2556 DRE #0333469, Judith H Zeder (305) 613-5550 DRE #0650944 | Coldwell Banker Realty (305) 672-6300
  • Source: Beaches MLS-FL | MLS#: A12013324 Beaches MLS-FL

Property Details

  • Status

    Active

  • Type

    Land

  • No. of Stories

    -

  • County

    Miami Dade County

  • City

    Coral Gables

  • Neighborhood

    --

  • Year Built

    -

  • HOA Fees

    -

  • Finished Area

    - sqft

  • Lot Size

    32,025 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    Beaches MLS

  • MLS Number

    A12013324

  • MLS Status

    Active

  • Days on Market

    190

  • Cumulative Days on Market

    183

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedroom: --

    Bathroom: --

Interior

  • Sewer

    Public Sewer

Utilities & Energy

  • Water Source

    Public

  • Utilities

    Cable Available, Electricity Available, Other, Sewer Available, Water Available

Other Features

  • Subdivision Name

    Coral Bay Sec B

  • Vegetation

    Other

  • Lot Features

    City Lot, Irregular Lot, Oversized Lot, Other

Price History

DateEventPrice

05/05/2026

Source: mls_logoBeaches MLS-FL #A12013324

Off Market

$19,800,000 -12.00%

$4,990/sqft

02/04/2026

Source: #A11953949

Listed for Sale

$22,500,000 +13.64%

$5,670/sqft

02/04/2026

Source: #A11953949

Price Change

$19,800,000

$4,990/sqft

Nearby Homes

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by BeachesMLS. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market. Based on information © 2026 BeachesMLS, Inc. All Rights Reserved.

Advertising Broker: Moe Mossa (Savvy Avenue) | Savvy Avenue, LLC

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