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Waterfront · Single Family Residence
$3,390,000$1,112 / sqft
1520 Lugo Ave, Coral Gables FL 33156
Listed
4
Bedrooms
6
Bathrooms
3,048 sqft
Interior
1973
Year built
Single Family Residence
Type
About this home
Virtually brand-new construction without the wait. Rebuilt down to the studs, this 4-bedroom, 5.5-bath waterfront residence offers modern design and high-end finishes inside gated Gables by the Sea. Every bedroom is en-suite with a walk-in closet, complemented by a chef’s kitchen with Thermador appliances, soundproofed home office, and seamless indoor-outdoor living. Set on a 12,500 SF lot connected to city sewer, the covered patio features an outdoor kitchenette and cabana bath overlooking the pool, tranquil waterway, and private dock. Impact windows and doors, new roof, 2-car garage, and new driveway. Enjoy waterfront living ideal for kayaking and paddleboarding; waterway does NOT provide ocean access.
Features
- First Floor Entry
- Den/Library/Office
- Utility Room/Laundry
- Lighting
- Canal
- Water
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan payment
$17,142 + HOA
Run the numbers
We fill in the price. This listing doesn't state its HOA dues, so that's yours to enter too, along with tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 4-bed rentals in Coral Gables, from 21 active listings; the middle half ask $11,000–$18,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
Not stated in this listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter HOA, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.