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720 Lugo Ave , Coral Gables, FL 33156

$19,800,000
  • 720 Lugo Ave , Coral Gables, FL 33156 Main Photo

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New to the Market Active
LOT SIZE 0.735 acres MLS#A12013324
STATUSActive PROPERTY TYPELand - Residential SUBDIVISIONCORAL BAY SEC B

Property Description

My Paradise lives up to its name. 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 yachtsmans 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 Miamis most coveted locations.

720 Lugo Ave | MLS# A12013324

This land located at 720 Lugo Ave , Coral Gables, FL 33156 is currently listed for sale with an asking price of $19,800,000. The property has approximately 0.73 Acres. Search Coral Gables real estate on www.realty100.com today.

Property Features

Property Type: Land - Residential
Lot Size: 0.73 Acres
Taxes: $68,572

Feature Descriptions

Community Features: Gated Community, Voluntary Hoa
Crops Included Y/N: No
Days on Site: 1
Home Warranty Y/N: No
Lease Considered Y/N: No
Listing Terms: All Cash, Conventional
Lot: City Location, Other Soil Type,1/2 To Less Than 3/4 Acre Lot, Other
Parcel#: 03-51-18-006-0320
Property Attached Y/N: No
Property Sub-Type: Residential
Sewer: Public Sewer
Special View Info: Bay View, Ocean View
Utilities: Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Other, Sewer Available, Water Available
Water: Municipal Water
Water Features: Ocean Front

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Realty
Agency Phone: 305-672-6300

Shown By

Agency Title: Realty 100
Agency Phone: 954-859-2100

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Estimated Payment

$ 55,555.55 per month $44,066.22 Principal & Interest $5,714.33 Property Tax $5,775.00 Homeowner's Insurance

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