720 Lugo Ave, Coral Gables FL 33156, CORAL GABLES, FL, 33156
Active101 days on marketListed May 5, 2026MLS #A12013324
About this home
720 Lugo Ave, Coral Gables FL 33156
"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.
Facts & features
The home at a glance
0.735 ac
Lot size
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.
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)
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 · Dec ’25$1,609,000
1422 Coruna Ave, Coral Gables FL 33156
3 bd · 2 ba · 1,898 sqft · $848/sqft · 36 DOM
Sold · Dec ’25$1,885,000
1460 Campamento Ave, Coral Gables FL 33156
3 bd · 3 ba · 1,974 sqft · $955/sqft · 29 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.
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
Three things that matter here
01Positioned at the premium end
$19,800,000 runs 4124% above the CORAL GABLES 33156 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Strong 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.
Keep looking
Similar homes nearby
Listing courtesy of Coldwell Banker Realty · Jill Eber. MLS #A12013324.
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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