$19,800,000
Coral Gables, FL 33156
MLS# A12013324
1 / 71
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.
Details
Maps
Documents
Contract Information
Comp Sale YN: No
LP/Acre: 26938775.51
Listing Date: 2026-05-05
Status: Active
Original List Price: 19800000
List Price: $19,800,000
Current Price: $19,800,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Coral Gables
Municipal Code: 3
Postal Zip: 33156
Subdivision Number: 6
Flood Zone: VE
Country: United States
Street Number: 720
Street Name: Lugo
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33156
Postal Code +4: 6320
Subdivision Name: CORAL BAY SEC B
Area: 2510
Elementary School: Pinecrest
Middle Or Junior School: Palmetto
High School: Miami Palmetto
Parcel Number: 0351180060320
Zoning: 0100
General Property Information
Number Of Lots: 2
Lot Size Dimensions: 32025
Water Frontage Feet: 250
LP/SqFt: 618.27
Property Sub Type: Unimproved Land
Lot Size Acres: 0.74
Lot Size Square Feet: 32025
Additional Parcels YN: 1
Waterfront YN: 1
Direction Faces: North
Financial Information
Association Membership: Voluntary
Association YN: 1
Tax Year: 2025
Tax Annual Amount: 68572
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
Office/Member Information
DXORIGMLSID: SEF
Documents Available
Plans: 1
Survey: 1
Current Use
Residential: 1
Single Family: 1
Other: 1
Development Status
Recorded Plat: 1
Location of Property
City Location: 1
Other Structures
Other: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Soil Type
Other: 1
Trees
Other: 1
Utilities
Cable Available: 1
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Other: 1
Vegetation
Other: 1
Water View
Bay: 1
Ocean: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Other: 1
Road Surface Type
Paved: 1
Water Source
Public: 1
Waterfront Features
Bayfront: 1
Ocean Front: 1
Boat and Dock Information
Dock: Yes
Boat and Dock Features
Private Dock: 1
Showing Requirements
Call Listing Agent: 1
Showing Service: 1
Section Details
Parcel Number MLX: 0320
Elevation Description
15-20 Feet Above Sea Level: 1
Acreage Description
1/2 To Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-05-05T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-05-05
Originating Details
Originating System Key: 462267146
Originating System ID: M00000151
Property Features
Current Use: Residential; Single Family; Other
Development Status: Recorded Plat
Documents Available: Plans; Survey
Location of Property: City Location
Other Structures: Other
Possession: Negotiable
Sewer: Public Sewer
Soil Type: Other
Trees: Other
Utilities: Cable Available; Electricity Available; Sewer Available; Water Available; Other
Vegetation: Other
Boat and Dock Features: Private Dock
Listing Terms: Cash; Conventional
Lot Features: Other
Road Surface Type: Paved
Water Source: Public
Water View: Bay; Ocean
Waterfront Features: Bayfront; Ocean Front
Showing Requirements: Call Listing Agent; Showing Service
Elevation Description: 15-20 Feet Above Sea Level
Acreage Description: 1/2 To Less Than 1 Acre Lot
Survey 
Listing Office: Coldwell Banker Realty
Last Updated: May - 20 - 2026
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