$36,000,000

650 Lugo Ave Coral Gables, FL 33156

Gables By The Sea Neighborhood

Estimated payment $214,923/month

Total Views 9,832
8 Beds
7 Baths
9,287 Sq Ft
$3,876 Price per Sq Ft

Highlights

  • Ocean View
  • Property has ocean access
  • Property Fronts a Bay or Harbor
  • Pinecrest Elementary School Rated A
  • Boating
  • Concrete Pool

About This Home

Casa Mar...the ONLY waterfront home in Miami-Dade County that offers 300-degree views of Biscayne Bay. Nestled at the end of a peninsula in Coral Gables in a gated community with over 120 feet on the water, this trophy property is turnkey (fully remodeled in 2024). Enjoy the sensation of private island views in the middle of Biscayne Bay. Destined to be a storehouse of value for years to come. Ensuite bathrooms throughout. Elevator. Elevated for storm protection. Dramatic 25-foot high ceilings. Rare opportunity to acquire a generational waterfront estate. Owner/Seller financing available for up to 40% at 7% interest, w/ terms up to 36 months. Minutes to Signature FBO and MIA. No bridges to bay. Brand new modern seawall.

Listing Agent

Jason Smith

Keller Williams Capital Realty License #0688165

Keller Williams Capital Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $167,711

Year Built

  • Built in 2002

Lot Details

  • 0.4 Acre Lot
  • 150 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • Waterfront Tip Lot
  • Northeast Facing Home
  • Fenced
  • Property is zoned 0100

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway
  • Open Parking

Property Views

  • Ocean
  • Bay

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 9,287 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Den
  • Recreation Room
  • Marble Flooring
  • High Impact Door

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer and Dryer Hookup

Outdoor Features

  • Concrete Pool
  • Property has ocean access
  • Seawall
  • Balcony
  • Patio
  • Porch

Schools

  • Pinecrest Elementary School
  • Palmetto Middle School

Utilities

  • Zoned Cooling
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 03-51-18-006-0350

Community Details

Overview

  • Coral Bay Sec B,Gables By The Sea Subdivision

Recreation

  • Boating

Home Details

Home Type

Single Family

Est. Annual Taxes

$167,711

Year Built

Built in 2002

Lot Details

0

HOA Fees

$17 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2002
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Two Story
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: CORAL BAY SEC B,Gables by the Sea
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: First Floor Entry, Second Floor Entry, Den/Library/Office, Family Room, Recreation Room, Utility Room/Laundry
  • Spa Yn: No
  • Full Bathrooms: 7
  • Total Bedrooms: 8
  • Door Features: High Impact Doors
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 9287
  • Bedroom Features: Other
  • Living Room Features: Den/Library/Office, Family Room, Recreation Room, Utility Room/Laundry

Exterior Features

  • Roof: Barrel Roof
  • View: Bay, Ocean
  • Exterior Features: Fruit Trees, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: Northeast
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Features: Concrete
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Point Lot, Seawall
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: CORAL BAY SEC B
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Covered, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Zoned
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry, Washer/Dryer Hook-Up

Condo/Co-op/Association

  • Association Fee: 200
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Boating
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Pinecrest
  • Middle Or Junior School: Palmetto

Lot Info

  • Parcel Number: 03-51-18-006-0350
  • Lot Size Sq Ft: 17250
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 167711

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $152,152 $9,135,767 $6,468,750 $2,667,017
2023 $152,152 $8,307,024 $5,606,250 $2,700,774
2022 $119,564 $6,341,072 $0 $0
2021 $110,484 $5,764,611 $3,148,125 $2,616,486
2020 $83,326 $4,350,220 $0 $0
2019 $80,787 $4,252,415 $0 $0
2018 $77,458 $4,173,126 $0 $0
2017 $77,747 $4,087,293 $0 $0
2016 $77,552 $4,003,226 $0 $0
2015 $77,623 $3,975,399 $0 $0
2014 $78,496 $3,943,849 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2025 02/12/25 For Sale $36,000,000 +210.3% $3,876 / Sq Ft
11/17/2022 11/17/22 Sold $11,600,000 -10.1% $1,249 / Sq Ft
10/22/2022 10/22/22 Price Changed $12,900,000 -13.4% $1,389 / Sq Ft
09/16/2022 09/16/22 For Sale $14,900,000 +104.1% $1,604 / Sq Ft
12/11/2020 12/11/20 Sold $7,300,000 -8.7% $786 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $7,999,000 -- $861 / Sq Ft
Source: MIAMI REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $7,300,000 None Available
Warranty Deed $957,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 Credit Line Revolving
Previous Owner $1,000,000 Adjustable Rate Mortgage/ARM
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11742039

MIAMI REALTORS® MLS

APN: 03-5118-006-0350

Florida Miami/Dade County Coral Gables 33156 Gables By The Sea

650 Lugo Ave, Coral Gables, FL

Homes for Sale in Coral Gables, FL

This home is located at 650 Lugo Ave, Coral Gables, FL 33156 and is currently priced at $36,000,000, approximately $3,876 per square foot. This property was built in 2002. 650 Lugo Ave is a home located in Miami-Dade County with nearby schools including Pinecrest Elementary School, Palmetto Middle School, and Miami Palmetto Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Jason Smith
Listing Agent
Jason Smith
Section Image
Keller Williams Capital Realty
(786) 326-8115