How much is 720 Lugo Avenue?

720 Lugo Avenue is listed at $19,800,000. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.

What are the property taxes on 720 Lugo Avenue?

The listing reports annual property taxes of $68,572 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.

How long has 720 Lugo Avenue been on the market?

720 Lugo Avenue has been listed for 166 days. Days on market and price changes are the first signals of how much room there is to negotiate.

Is 720 Lugo Avenue waterfront?

Yes. The listing describes the water as bayfront ocean front. For a home with dockage, confirm the water depth at low tide, the seawall condition and whether the route to the inlet passes under any fixed bridges before you offer.

Which schools serve 720 Lugo Avenue?

The MLS lists Pinecrest (elementary), Palmetto (middle), Miami Palmetto (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.

How do I see 720 Lugo Avenue?

Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

720 Lugo Avenue, Coral Gables, FL 33156

$19,800,000 · Active

0 baths
Unimproved Land
Lot 32,016.6 sq ft
Miami-Dade County
MLS# A12013324
Coral Bay Sec B

Photo 1 at 720 Lugo Avenue, Coral Gables

Photo 2 at 720 Lugo Avenue, Coral Gables

Photo 3 at 720 Lugo Avenue, Coral Gables

Photo 4 at 720 Lugo Avenue, Coral Gables

Photo 5 at 720 Lugo Avenue, Coral Gables

Photo 6 at 720 Lugo Avenue, Coral Gables

Photo 7 at 720 Lugo Avenue, Coral Gables

Photo 8 at 720 Lugo Avenue, Coral Gables

About this home

"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.

Video Tour

Watch the video tour of 720 Lugo Avenue

Features

Bayfront
Ocean Front

Schools

Elementary: Pinecrest
Middle: Palmetto
High: Miami Palmetto

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Coldwell Banker Realty · Darrell.Burks@Floridamoves.com · Listing agent: Jill H Eber

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 720 Lugo Avenue.

Questions About 720 Lugo Avenue

How much is 720 Lugo Avenue?: 720 Lugo Avenue is listed at $19,800,000. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the property taxes on 720 Lugo Avenue?: The listing reports annual property taxes of $68,572 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
How long has 720 Lugo Avenue been on the market?: 720 Lugo Avenue has been listed for 166 days. Days on market and price changes are the first signals of how much room there is to negotiate.
Is 720 Lugo Avenue waterfront?: Yes. The listing describes the water as bayfront ocean front. For a home with dockage, confirm the water depth at low tide, the seawall condition and whether the route to the inlet passes under any fixed bridges before you offer.
Which schools serve 720 Lugo Avenue?: The MLS lists Pinecrest (elementary), Palmetto (middle), Miami Palmetto (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 720 Lugo Avenue?: Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

Explore

Explore Nearby

Nearby Cities

Coral Gables Neighborhoods

Nearby ZIP Codes

Coral Gables neighborhoods include Biltmore Section and Country Club Section. Nearby ZIP codes include 33134 and 33146. This property also neighbors Pinecrest, South Miami, and Coconut Grove. Compare it with the Coral Gables housing market report.