650 Lugo Avenue

Coral Gables, FL 33156

$11,600,000
Last Sold Price
5
Beds
5
Baths
1
1/2 Bath
9,287 Sq. Ft.
$1,249 / Sq. Ft.
9,287
Sq. Ft.
$1,249
per Sq. Ft.

Description

Stunning one-of-a-kind bayfront estate in the best location in the gated community of Gables By The Sea. Opportunity to purchase a unique open-bay home with 360 degrees of water views. The house is being sold AS Is with approved plans with the city of Coral Gables for a complete renovation. Perfect for a developer, investor, and waterfront lover to finish this incredible masterpiece. Permits for a new seawall and dock are almost ready!Stunning one-of-a-kind bayfront estate in the best location in the gated community of Gables By The Sea. Opportunity to purchase a unique open-bay home with 360 degrees of water views. The house is being sold AS Is with approved plans with the city of Coral Gables for a complete renovation. Perfect for a developer, investor, and waterfront lover to finish this incredible masterpiece. Permits for a new seawall and dock are almost ready!

Listing Agent

Property Details for 650 Lugo Avenue

Subdivision
CORAL BAY SEC B
Style
WF/Pool/Ocean Access
Waterfront
Yes
Waterfront Description
Bay Front, No Fixed Bridges, Ocean Access
View
Bay, Ocean View
Area
51
Auction
No
Sq Ft Total
11744

Location

Sold By Compass Florida, LLC

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LISTING UPDATED: 11/17/2022 04:50 PM

Property Details for 650 Lugo Avenue

StatusClosed
MLS #A11271594
Days on Market56
Taxes$110,484 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeSingle Family / Single
Year Built2002
Lot Size0.40 AC / 17,250 SF
CountyMiami-Dade County

Location

Sold By Compass Florida, LLC

Add your commute

Building Information for 650 Lugo Avenue

Stories3Year Built2002Building Size-Lot Size0.40 AC / 17,250 SF

Payment Calculator

$72,513 per month

30 year fixed, 7.25% Interest

Principal and Interest

$63,306

Property Taxes

$9,207

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 650 Lugo Avenue

Location Information
Location Information
  • Parcel Number Free Text: 03-51-18-006-0350
  • Parcel Number MLX: 0350
  • MLS Area: 51
  • Municipal Code: 3
  • Township Range: 51
  • Section: 18
  • Subdivision Number: 6
  • Subdivision Complex Bldg: CORAL BAY SEC B
  • Zoning Information: 0100
  • Development Name: Gables by the Sea
General Information
Parking
  • Num Garage Spaces: 2
  • Parking Description: Driveway
General Information
  • Front Exposure: North
  • Housing Older Persons Act: Unverified
  • Property Sq Ft: 17250
  • Lot Description: 1/4 To Less Than 1/2 Acre Lot
  • Waterfront Frontage: 150
  • Water Access: Other
  • Pool: Yes
  • Pool Description: Below Ground Pool
  • Pool Dimensions: 0
  • Design: Detached
  • Design Description: Three Or More Stories
  • Construction: CBS Construction
  • Construction Type: CBS Construction
  • Roof Description: Barrel Roof
  • Flooring: Other Floors
  • Floor Description: Other Floors
Room Information
Room Information
  • Rooms Description: Family Room
  • Bedroom Description: Other
Additional Property Information
Utilities
  • Heating Description: Other
  • Cooling Description: Other
  • Sprinkler Description: Auto Sprinkler
  • Water Description: Municipal Water
  • Sewer Description: Municipal Sewer
Additional Property Information
  • Guest Accommodations: No
  • Room Count: 0
  • Interior Features: Second Floor Entry
  • Equipment Appliances: No Equipment
  • Windows Treatment: Impact Glass
  • Exterior Features: Fence, Open Balcony
  • Subdivision Information: Gated Community, Public Road
Financial Information
Financial Information
  • Type of Association: Voluntary
  • Flood Zone: VE
  • Tax Year: 2021
  • Tax Information: Tax Reflects No Exemptions
  • Special Information: As Is
Rental Information
Furnished / Unfurnished
  • Furnished Info Sold: Unfurnished

Property History for 650 Lugo Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 650 Lugo Avenue

Taxable ValueLand$5,606,250Additions$2,700,774Total$8,307,024
Tax Record2023$152,152 ($12,679 / month)
Home Facts
Beds5Total Finished SqFt9,287 SqFtAbove Grade Finished SqFt9,287 SqFtStories3Lot Size17,250 SqFtStyleSingle Family ResidenceYear Built2002Zoning0100:SINGLE FCountyMIAMI-DADEAPN03-5118-006-0350

Schools near 650 Lugo Avenue

This home is within Miami-Dade.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 8 to 12
Rating
School
Distance
Pinecrest Elementary School
PublicPK to 5

Palmetto Middle School
Public6 to 8

Miami Palmetto Senior High School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.