ActiveMLS® A11953949

$19,800,000

720 Lugo Avenue, Coral Gables, FL 33156

Beds: 5
Baths: 5
Sqft: 3,968

Est. payment$118,352/mo

Home type: Single Family Residence
Year built: 1972
Lot size: 32,234 sqft
Price / sqft: $4,990
HOA: $0/mo
Community: CORAL BAY SEC B

Property description

“My Paradise” earns its name! This 5BR/5BA double-waterfront estate sits on a 32,025 SF lot with 250’ of unobstructed pristine waterfront views on both sides, capturing mesmerizing sunrise-to-sunset across Biscayne Bay, Downtown, Miami Beach & Key Biscayne. Privately positioned at Lugo Avenue’s dead end, resort-style grounds feature lush landscaping, wooden & coral walkways, gazebo, sand beach, summer kitchen & serene fountains. Elevated pool deck w/glass railings frame sweeping bay & island vistas. Spacious open living room w/pitched wood-beam ceilings, skylights, formal dining, kitchen w/Bosch & Sub-Zero appliances. Principal suite offers amazing bayside views & spa bath. A yachtsman’s dream includes 66’ dock w/lift, boathouse & plans in progress to extend to 100’. Minutes to dining, shops, & top schools.

Listing activity

Days on market: 261
Listed: Feb 4, 2026
MLS listing updated: Sep 11, 2026
Feed last checked: 4 minutes ago

Listed by Jill H Eber · Coldwell Banker Realty

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 5
Bathrooms (decimal): 5
Full bathrooms: 5
Half bathrooms: 0

Rooms & features

Rooms: 1
Interior features: Built-in Features, Custom Mirrors, Entrance Foyer, Walk-In Closet(s), Wet Bar
Flooring: Tile, Wood, Other
Appliances: Dishwasher, Disposal, Dryer, Gas Range, Microwave, Oven, Refrigerator, Washer, Other
Furnished: Unfurnished
Window features: Skylight(s)
Other equipment: Other

Heating & cooling

Heating: Central, Electric
Cooling: Central Air, Electric

Property

Parking

Garage spaces: 1
Garage: Yes
Covered spaces: 1
Parking features: Driveway
Attached garage: No

Exterior

Stories: 1
Building area: 4,645 sqft
Entry level: 1
Exterior features: Lighting, Other
Pool: Yes
Pool features: Above Ground
View: Ocean, Direct Ocean, Bay, Pool
Waterfront: Ocean Access, Bay, Ocean
Waterfront property: Yes

Lot

Lot size: 32,234 sqft
Lot size (acres): 0.74 acres
Lot features: Irregular Lot, Oversized Lot
Zoning: 0100
Road frontage: Public Road

Construction

Type & style

Home type: Single Family Residence
Year built: 1972
New construction: No

Materials

Construction: CBS
Roof: Concrete
Property condition: Resale
Levels: One
Faces: North

Utilities & green energy

Utilities

Sewer: Public Sewer
Water: Public
Utilities: Cable Available

Community & HOA

Community

Subdivision: CORAL BAY SEC B
MLS area: 2510
Pets allowed: No Restrictions, Yes
55+ community: No

Association

Has association: Yes
Estimated monthly dues: $0
Amenities: Gated

Lease details

Not reported by the listing source.

Location

Area details

City: Coral Gables
County: Miami-Dade
ZIP code: 33156

Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number: A11953949
Possession: Negotiable
Original list price: $22,500,000
Parcel number: 0351180060320
Annual property tax: $68,572
Tax year: 2025
Tax legal description: CORAL BAY SEC B PB 65-115 LOTS 32 & 33 BLK 3 LOT SIZE 200.000 X 115 OR 11030-2312 0381 2

Additional MLS details

Reported by the listing source

Association Amenities: Gated
Association: Yes
Bathrooms Total Decimal: 5
Bathrooms Total Integer: 5
Building Area Total: 4645
Construction Materials: CBS
County Or Parish: Miami-Dade
Days On Market: 261
Direction Faces: North
Elementary School: Pinecrest
High School: Miami Palmetto
List Price: 19800000
Listing Contract Date: 2026-02-04
Living Area: 3968
Lot Size Acres: 0.74
Lot Size Area: 32025
MLSArea Major: 2510
Middle Or Junior School: Palmetto
Mls Status: Active
On Market Date: 2026-02-04
Photos Count: 73
Postal Code: 33156
Price Change Timestamp: 2026-05-04T22:49:31Z
Property Sub Type: Single Family Residence
Property Type: Residential
Road Frontage Type: Public Road
Rooms Total: 1
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-02-04T18:01:40Z
Stories Total: 1
Subdivision Name: CORAL BAY SEC B
Water Source: Public
Waterfront Features: Ocean Access, Bay, Ocean
Tax Annual Amount: 68572
Bathrooms Full: 5
Pool Private: Yes
Bedrooms Total: 5
Bathrooms Half: 0

Market value

Automated estimate—No licensed valuation source connected

Estimated sales range—Ask Karim for a local market analysis

Estimated rent—No licensed rental valuation source connected

Price history

Date	Event	Price
Feb 4, 2026	ListedMIAMI REALTORS® MLS	$22,500,000$5,670/sqft
May 4, 2026	Price reducedMIAMI REALTORS® MLS	$19,800,000$4,990/sqft

Public tax history

Year	Property taxes	Assessment
2025	$68,572	—

Payment calculator

Estimated monthly payment$118,352/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $102,738
Property taxes: $5,714
Insurance: $9,900
Association dues: $0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

CORAL BAY SEC B

Coral Gables · Miami-Dade County · 33156

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

PinecrestElementary

—

PalmettoMiddle

—

Miami PalmettoHigh

—

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

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