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Slice RealtyPropiedad Futura

$14,850,000

5 bd · 5 ba · 4,928 sq ft · Single Family Residence

750 Lugo Ave, Coral Gables FL 33156

For Sale · Active listing

Est. payment $81,607/mo · Mortgage calculator

Listed by Compass Florida, LLC / Benjamin Moss

Contact: 305-793-4783 (listing contact).

Shown through Slice Realty. Requests from this page reach Slice Realty / Propiedad Futura, not the listing agent.

About this home

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.

Facts
MLS #
A12029654
Subdivision
CORAL BAY SEC B
Property type
Residential
Property subtype
Single Family Residence
Sq. ft.
4,928
Price per sq. ft.
$3,013 / sq ft
Year built
1988
Days on market
98
County
Miami-Dade County
Date listed
Jun 5, 2026
Last updated
Sep 11, 2026
Financial considerations
Taxes
$129,853 (2025)
Exterior features
Waterfront
Yes
View
Bay, Ocean, Pool
Construction
CBS Construction
Roof
Flat Tile
Additional features
Barbeque, Lighting
Interior features
Heating
Central, Electric
Cooling
Central Air, Electric
Appliances
Dishwasher, Dryer, Gas Range, Microwave, Refrigerator, Washer
Additional features
Second Floor Entry, Built-in Features, Elevator, Walk-In Closet(s), Family Room
Additional features
Community
Gated Community, Public Road

Mortgage calculator

Includes principal and interest, taxes and insurance.

Rate: Freddie Mac 30-year average (2026-10-22). Estimate only.

Loan amount$11,880,000
Total cost of mortgage$29,378,649
Monthly payment$81,607

Local context (our analysis)

282 homes and condos are listed for sale in Coral Gables, at a median list price of $1,937,500 and $939 per sq ft. This home asks $3,013 per sq ft.

Coral Gables market stats and buildings

Source: Southeast Florida MLS (SEFMLS). Last updated Sep 11, 2026, 3:28 PM ET

Listing data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.