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Waterfront · Single Family Residence
$28,000,000$3,015 / sqft
650 Lugo Ave, Coral Gables FL 33156
Listed
7
Bedrooms
5
Bathrooms
9,287 sqft
Interior
2002
Year built
None
HOA
Single Family Residence
Type
About this home
Tip of the World on Lugo Avenue.Gables by the Sea Breathtaking location paired with a stunning contemporary residence. From every room, enjoy unparalleled 360° views framed by floor-to-ceiling impact glass windows & doors. The entrance door itself is a true showpiece, opening into soaring ceilings & a seamless flow of light-filled spaces. Choose your moment: sunrise, sunset ,the sparkling Miami skyline by night.Elevated & elegant, master suite features a spacious balcony overlooking Biscayne Bay. All-new. All-white.Effortless floor plan designed for modern living.The pool deck offers endless water views, complemented by a seawall . Gables by the Sea is a gated community w/Coral Gables Police patrol. 24/7 security. 3D tours, Matterport & videos available. Come see it. Fall in love.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Split Bedroom
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Den/Library/Office
- Family Room
- Lighting
- Open Balcony
- Bay
Run the numbers
We fill in the price and the building's HOA dues. That leaves 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 7-bed rentals across Miami-Dade, from 20 active listings; the middle half ask $21,000–$70,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the 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 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.