"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.
Property Details
- View
- Bay View,Ocean View
- Lot Features
- City Location, Other Soil Type, 1/2 To Less Than 3/4 Acre Lot, Irregular Lot, Oversized Lot, Other
- Lot Description
- City Location, Other Soil Type, 1/2 To Less Than 3/4 Acre Lot, Irregular Lot, Oversized Lot, Other
- Acres
- 0.735
- Lot Size (sqft)
- 32025.0
- Property Type
- Purchase
- Sewer Information
- Public Sewer
- Utility Source
- Municipal Water
- Utility Features
- Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Other, Sewer Available, Water A
- Subdivision
- CORAL BAY SEC B
- Community Features
- Gated Community, Voluntary Hoa
- County
- Miami-Dade County
- Region
- Coral Gables
- Zoning
- 0100
- Original List Price
- $19,800,000
- Taxes Annual
- $68,572
- MLS #
- A12013324
- Property Subtype
- Residential
- Waterfront
- 1
- Parcel Number
- 03-51-18-006-0320
- MLS #
- A12013324
- Waterfront Type
- Ocean Front
- Structure Type
- Residential
- Date Listed
- May 05, 2026
- Address
- 720 Lugo Ave
Location
Legal
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Provided By
Listed by Jill Eber (#0333469)
Listing Office: Coldwell Banker Realty (#CBRE68)
