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Susan Larkin

susan.larkin@engelvoelkers.com +1(781) 801-5885

$ 19,800,000

Est. payment -/mo

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Active

720 Lugo AVE Coral Gables, FL 33156

0.74 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Coral Bay Sec B

MLS Listing ID A12013324

HOA Y/N Yes

Annual Tax Amount $68,572

Tax Year 2025

Lot Size 0.740 Acres

Acres 0.74

Property Sub-Type Unimproved Land

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 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.

Location

State FL

County Miami-dade

Area 2510

Zoning 0100

Direction North

Rooms

Other Rooms Other

Interior

Interior Features InteriorFeatures

Fireplace No

Exterior

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

Waterfront Description Bayfront,Ocean Front

View Y/N Yes

Water Access Desc Public

View Bay, Ocean

Present Use Other,Residential,Single Family

Street Surface Paved

Building

Lot Description City Lot, Other

Faces North

Sewer Public Sewer

Water Public

Additional Building Other

Schools

Elementary Schools Pinecrest

Middle Schools Palmetto

High Schools Miami Palmetto

Others

Tax ID 0351180060320

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://vimeo.com/1161882421

Listed by Jill H Eber Coldwell Banker Realty

NEARBY SCHOOLS & PROPERTIES

Susan Larkin

Advisor | License ID: SL3570527

+1(781) 801-5885

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