CORAL BAY SEC B,Gables by the Sea
650 Lugo Ave, Coral Gables FL 33156
5 beds · 5.5 baths · 9,287 ft²
5
Bedrooms
5.5
Bathrooms
9,287
Sq. Ft.
2002
Year Built
2
Garage
56
Days on Market
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!
Facts
- MLS#
- A11271594
- Subdivision
- CORAL BAY SEC B,Gables by the Sea
- Property Type
- Residential
- Property Sub Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 17,250 ft²
- Sq. Ft.
- 9,287 ft²
- Sq. Mt.
- 863 m²
- Price per sq. ft.
- $1,389/ft²
- Price per sq. mt.
- $14,948/m²
- Stories
- —
- Garage
- 2 spaces
- Pool
- —
- Days on Market
- 56 days
- Listed
- Aug 31, 2022
- Last Updated
- Nov 17, 2022
- Price/Lot Sq.Ft.
- $748/ft²
Comparable homes
Same ZIP, similar price + bedrooms.
SOLD$13,900,000
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Market insights for Coral Gables
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
48
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 11/17/2022 | Sold | $12,900,000 |
| 10/22/2022 | Price change | $12,900,000-13.4% |
| 8/31/2022 | Listed for sale | $14,900,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Aventura City Of Excellence SchoolKG,1,2,3,4,5,6,7,8 · charter · 0.4 mi
- Biscayne Academy
UG · private · 0.6 mi
- Philosophical and Spiritual University
UG · private · 0.7 mi
- Norman S. Edelcup/Sunny Isles Beach K-8
PK,KG,1,2,3,4,5,6,7,8 · public · 0.8 mi
- Spirit Of Christ Child Development Center & Academy
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.9 mi
- Spirit Of Christ Child Development Center
PK,KG · private · 0.9 mi
- Spirit of Christ Child Development Academy
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.9 mi
- Ojus Elementary School
PK,KG,1,2,3,4,5 · public · 0.9 mi
- SmartKids Miami
PK,KG · private · 0.9 mi
- St Lawrence Elementary School
KG,1,2,3,4,5,6,7,8 · private · 1.0 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$79,559/mo
Principal & Interest
$68,659
Property Tax
$10,750
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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