650 Lugo Avenue
Coral Gables, FL 33156
- 8 beds
- 7 baths
- 9,287 sqft
- ~1/2 acre lot
- $3,876 per sqft
- 2002 build
- – on site
The ONLY waterfront home in Miami-Dade County that offers 300-degree Bayfront views. Nestled at the end of a secluded peninsula in Coral Gables, this trophy property showcases dramatic open water views from every room. Enjoy the sensation of living on your own private island in the middle of Biscayne Bay. Words can not express the imagery you will experience living in this home. Destined to be a storehouse of value for years to come. Fully remodeled in 2024 w/ elevator. Elevated for storm protection. Dramatic 25-foot high ceilings. Rare opportunity to acquire a generational waterfront estate. (New seawall will be completed by May 2025-see permit attached-over 150 ft on water). Owner financing available for up to 40% at 7% interest, w/ terms up to 36 months. Minutes to Signature FBO.
Last checked:
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Checking…
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Last updated Feb 18, 2025
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MLS# A11742039 —
The Building
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Year Built:2002
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Year Built Details:Resale
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Construction Materials:Block
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Architectural Style:TwoStory
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Stories:2
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Levels:Two
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Roof:Barrel
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Exterior Features:Balcony, Fence, FruitTrees, SecurityHighImpactDoors, Porch, Patio
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Patio And Porch Features:Balcony, Open, Patio, Porch
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Direction Faces:Northeast
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Building Area Total:11744.0
Interior
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Interior Features:SecondFloorEntry, FirstFloorEntry, Other
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Furnished:Unfurnished
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Flooring:Marble
Room Dimensions
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Living Area:9287.0
Financial & Terms
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Lease Considered:false
The Property
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View:true
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View:Bay, Ocean
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Parcel Number:03 51 18 006 0350
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Subtype Additional:SingleFamilyResidence
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Zoning Description:0100
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Lot Features:QuarterToHalfAcreLot
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Lot Size Area:17250.0
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Lot Size SqFt:17,250 Sqft
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Lot Size Units:SquareFeet
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Frontage Length:150
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Waterfront:true
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Waterfront Features:Bayfront, OceanAccess, PointLot, Seawall
Listing Agent
- Contact info:
- Agent phone:
- (786) 326-8115
- Office phone:
- (305) 662-7325
Taxes
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Tax Year:2024
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Tax Annual Amount:$167,711
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Tax Legal Description:CORAL BAY SEC B PB 65-115 LOT 35 & E1/2 OF LOT 34 BLK 3 LOT SIZE 150.000 X 115 OR 18889-2446 1199 1 & OR 18915- 0861-1299-1
Beds
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Bedrooms Total:8
Baths
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Total Baths:7
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Full Baths:7
The Listing
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Virtual Tour Unbranded:
Heating & Cooling
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Heating:Other
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Cooling:Zoned
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Cooling:true
Utilities
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Utilities:CableAvailable
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Sewer:PublicSewer
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Water Source:Public
Appliances
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Laundry Features:WasherHookup, DryerHookup
Schools
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Elementary School:Pinecrest
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Middle Or Junior School:Palmetto
The Community
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Subdivision Name:Coral Bay Sec B
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Senior Community:false
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Community Features:BoatFacilities
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Spa:False
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Pool Features:Concrete, Pool
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Pets Allowed:No
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Association Fee:$200
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Association Fee Frequency:Annually
Parking
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Parking Features:Attached, Covered, Driveway, Garage
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Garage:true
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Attached Garage:true
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Garage Spaces:2.0
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Covered Spaces:2.0
Monthly cost estimate
Asking price
$36,000,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$192,769
|
| Taxes | $13,975 |
| Insurance | $9,900 |
| HOA fees | $17 |
| Utilities | $395 See report |
| Total | $217,056/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/12/25
Feb 12, 2025
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Listed / Active | MLSM | $36,000,000 | 210.3% (93.9% / YR) |
|
12/4/24
Dec 4, 2024
|
Listed / Active | GFLR | ||
|
11/17/22
Nov 17, 2022
|
MLSM | $11,600,000 | -10.1% |
