720 Lugo Ave, Coral Gables FL 33156, CORAL GABLES, FL, 33156
Active193 days on marketListed Feb 4, 2026MLS #A11953949
About this home
720 Lugo Ave, Coral Gables FL 33156
“My Paradise” earns its name! This 5BR/5BA 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.
Facts & features
The home at a glance
5
Bedrooms
5
Bathrooms
3,968
Sqft
1
Garage
1972
Year built
$4,990
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$120,139 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$120,139/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Coral Gables actives
$4,990 vs $1,006
Days on market
193 vs 67 typical
Where $4,990/sqft sits among the 279 Coral Gables actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Gables By The Sea
Get to know Coral Gables. See the full Coral Gables guide →
Gables By The Sea — neighborhood snapshot
Population
682
Median age
50
Median income
$250,001
Median home value
$1,945,100
Avg household
3
Households w/ children
105
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Coral Gables market
$1.6M → $1.3M
Coral Gables median sold, yr/yr
96.2%
Sale-to-list ratio (12 mo)
25 of 279
Coral Gables actives have cut their price
This home is listed 4124% above the CORAL GABLES 33156 median. See the full Coral Gables market guide →
Paper trail
This home's history
Reality check
What actually sold near 720 Lugo Ave
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$5,000,000
1145 San Pedro Ave, Coral Gables FL 33156 · same community
4 bd · 4.5 ba · 3,601 sqft · $1,389/sqft · 222 DOM
Sold · Oct ’25$4,451,078
13032 Mar St, Coral Gables FL 33156
6 bd · 5 ba · 3,957 sqft · $1,125/sqft · 119 DOM
Sold · Aug ’25$4,487,500
11100 Paradela St, Coral Gables FL 33156
5 bd · 5.5 ba · 3,882 sqft · $1,156/sqft · 25 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 720 Lugo Ave — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 720 Lugo Ave — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
720 Lugo Ave FAQs
What would the monthly payment be for 720 Lugo Ave, Coral Gables FL 33156?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $120,139/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 720 Lugo Ave, Coral Gables FL 33156?+
The most recent tax bill on record (2025) was $68,572. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 720 Lugo Ave, Coral Gables FL 33156?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Coral Gables?+
At $19,800,000, this home is listed about 780% above the Coral Gables median of $2,250,000. The market section on this page shows how the area is trending.
Which schools are assigned to 720 Lugo Ave, Coral Gables FL 33156?+
Pinecrest Elementary School (elementary), Palmetto Middle School (middle), Miami Palmetto Senior High School (high), Instructional Center System Wide (), District Instructional Center (Dic) (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Positioned at the premium end
$19,800,000 runs 4124% above the CORAL GABLES 33156 median — but at 3,968 sqft it's also nearly twice the size of the typical Coral Gables listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
193 days on market against a Coral Gables median of 67 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Pinecrest Elementary School, Palmetto Middle School, Miami Palmetto Senior High School, Instructional Center System Wide, District Instructional Center (Dic), Title I Migrant Education Program — Pinecrest Elementary School rates 5 of 5. Always verify assignments with the district.
05The price has already moved
Listed at $22,500,000, now $19,800,000 — a $2.7M cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of Coldwell Banker Realty · Jill Eber. MLS #A11953949.
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 Miami Association of REALTORS®.
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