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For Sale
$14,850,000

750 Lugo Ave

Coral Gables, FL 33156 · CORAL BAY SEC B
5Beds
5Baths
4,928SqFt
11,500Lot SqFt
1988Year
3D / Virtual tour

Overview

Casa Dos Aguas - Rarely available, this extraordinary waterfront residence offers one of South Florida’s most coveted settings on a private peninsula within the exclusive, gated Gables by the Sea community in Coral Gables. It offers breathtaking open water views of Biscayne Bay to both the north and south, with a stunning downtown Miami skyline backdrop. Designed in the spirit of mid-century modern architecture, living areas are elevated on the second floor and additional bedrooms on the third - maximizing the spectacular panoramic bay views enjoyed from virtually every room. A three-story elevator provides effortless access throughout. Boasting 100 linear feet of deep-water frontage with no fixed bridges to Biscayne Bay, the property is a true yachtsman’s dream, capable of accommodating a large yacht with direct, unobstructed access to open water. The roof was redone in 2013 and has all-impact windows and doors. Designed for the South Florida lifestyle, the home features generous balconies to savor the constant bay breeze and sweeping water vistas, while the ground floor offers an expansive covered entertainment area perfect for hosting. The resort-style pool includes an in-pool spa and is heated for year-round enjoyment. Located just three properties in from the bay within one of Coral Gables’ most prestigious gated enclaves, this is a rare opportunity to own a true waterfront trophy property.

Property Details

  • MLS#A12029654
  • Home TypeSingle Family Residence
  • Year Built1988
  • Interior4,928 SqFt
  • Lot Size11,500 SqFt
  • Price / sqft$3,013
  • Listed2026-06-05
  • Days on Market18
  • BuildingCORAL BAY SEC B
  • SubdivisionCORAL BAY SEC B
  • CountyMiami-Dade County
  • Garage2 spaces
  • Annual Taxes$129,853 (2025)

Features & Amenities

  • Interior FeaturesSecond Floor Entry, Built-in Features, Elevator, Walk-In Closet(s), Family Room
  • Exterior FeaturesBarbeque, Lighting
  • AppliancesDishwasher, Dryer, Gas Range, Microwave, Refrigerator, Washer
  • FlooringMarble, Tile, Wood
  • CoolingCentral Air, Electric
  • HeatingCentral, Electric
  • RoofFlat Tile
  • ConstructionCBS Construction
  • ParkingCircular Driveway, Covered, Paver Block
  • Waterfront FeaturesOcean Access, Ocean Front
  • Pool FeaturesAbove Ground
  • Patio/PorchAwning(s)
  • CommunityGated Community, Public Road
  • ViewBay, Ocean, Pool
  • Architectural StyleDetached, Three Or More Stories
  • Water SourceMunicipal Water
  • SewerPublic Sewer

Schools

  • ElementaryPinecrest
  • Middle SchoolPalmetto
  • High SchoolMiami Palmetto

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Listing courtesy of Compass Florida, LLC, Benjamin Moss.
Equal HousingInformation provided by the MIAMI Association of REALTORS.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the MIAMI Association of REALTORS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection.

Last updated: 2026-06-23
Gerardo Gonzalez is a real estate agent affiliated with Compass. Compass Florida, LLC d/b/a Compass is a licensed real estate broker and abides by equal housing opportunity laws.