A rare double-exposure waterfront estate in Coral Gables has hit the market for $22.5 million, offering something almost unheard of even in South Florida’s luxury tier: 250 feet of open Biscayne Bay frontage with unobstructed sunrise and sunset views.
Known as “My Paradise,” the five-bedroom residence at 720 Lugo Avenue sits on a 32,025-square-foot lot at the very end of a gated peninsula inside Gables by the Sea.
The property is listed by Jill Eber and Judy Zeder of The Jills Zeder Group and spans 3,968 square feet, with resort-style grounds that place water at the center of daily life.
Its position delivers sweeping views stretching from Matheson Hammock and Coconut Grove to Downtown Miami, Key Biscayne, and Miami Beach.
A coveted location inside one of Coral Gables’ most private enclaves
The estate sits at the end of Lugo Avenue within Gables by the Sea, a 24-hour guard-gated waterfront community known for its privacy and boating access.
Approached through a gated coral stone entrance framed by mature landscaping, the property immediately feels separated from the surrounding neighborhood. A secondary gated exit enhances security while reinforcing the compound-like layout.
Its elevated position adds both privacy and protection, offering commanding views over the bay.
250 feet of rare open bay frontage on both sides
Few properties in Coral Gables offer water exposure in multiple directions.
Located at 720 Lugo Avenue, “My Paradise” captures open bay views to both the northeast and southwest, allowing residents to experience sunrise over Biscayne Bay and sunset over the open water from the same property.
The positioning also provides sightlines toward Key Biscayne, Coconut Grove, and the Downtown Miami skyline.
An entry designed to introduce water views immediately
Inside, the entry foyer opens toward the main living areas and the bay beyond.
The transition is gradual rather than abrupt, allowing the views to emerge naturally as you move deeper into the home.
Seating areas positioned near the entrance create a welcoming arrival experience.
A living room framed by skylights and wood beam ceilings
The main living room features a pitched ash wood-beam ceiling with skylights that bring natural light into the center of the space.
Custom millwork adds architectural texture, while large openings connect directly to the pool terrace and waterfront beyond.
A wet bar connecting interior and exterior entertaining
A wet bar positioned near the living room opens directly to the outdoor terrace.
This placement allows gatherings to flow between indoor and outdoor areas without interruption, in line with the home’s overall emphasis on waterfront entertaining.
A kitchen designed with natural materials and skylights
The kitchen continues the home’s use of wood beam ceilings and skylights, creating a consistent architectural language throughout.
Custom cabinetry, granite surfaces, and Sub-Zero and Bosch appliances add functionality without overwhelming the space visually. A central island anchors the room.
A formal dining room detailed with etched glass
The dining room includes custom millwork featuring etched glass motifs inspired by nature.
Large windows frame water views, ensuring the setting remains connected to the landscape even during formal meals. Set near the kitchen, it’s handy for both daily use and entertaining.
A primary suite positioned directly on the bay
The principal suite faces the water, offering direct access to poolside areas and unobstructed views.
Its layout includes a separate entry space that can function as a lounge, dressing room, or exercise area before entering the bedroom itself.
A spa-style bathroom designed around the view
The primary bathroom incorporates a sunken soaking tub positioned to face the bay.
Skylights above and open design elements allow light to move through the space throughout the day, while dual sinks and separate shower areas reinforce usability.
The bathroom maintains direct access to the outdoor pool area.
A resort-style pool deck overlooking the bay
The elevated pool terrace faces directly toward the water, offering unobstructed views in multiple directions.
Glass railings preserve sightlines, while the heated pool includes a ramp entry designed for easy access. Lounge areas surrounding the pool create multiple zones for outdoor living and entertaining.
From here, the property feels suspended above the bay.
A newly built dock designed for serious boating
The estate includes a new 66-foot dock constructed from IPE wood, complete with a boat lift and dedicated maintenance areas.
The dock connects directly to Biscayne Bay, providing immediate access to open water. Plans are already underway to extend the dock to 100 feet, allowing accommodation for substantially larger vessels.
The boathouse includes storage and its own bathroom, reinforcing the property’s boating-focused design.
A private sandy beach and waterfront lawn
Unlike most waterfront homes that rely solely on docks and seawalls, the property includes its own private sand beach.
The beach sits alongside a wide grassy expanse anchored by a copper-roofed mahogany gazebo overlooking the bay. This portion of the property feels more like a private coastal park than a typical residential yard.
Palm trees and coral stone pathways connect the spaces naturally.
A gazebo designed for waterfront living
The mahogany gazebo offers a shaded vantage point above the shoreline.
Positioned along the water’s edge, it serves as both an architectural focal point and a functional outdoor living area — a place to sit, gather, or simply watch boats pass across Biscayne Bay.
Its copper roof adds a distinctive material element rarely seen in residential settings.
Grounds designed for privacy and entertaining
The property’s landscaping serves both aesthetic and functional roles.
Dense greenery forms natural privacy barriers along the property’s edges while maintaining open water views toward the bay. Multiple seating areas allow for gatherings at different scales.
Parking capacity rarely seen in waterfront homes
The property includes parking space for approximately fifteen vehicles across multiple areas.
This level of capacity is unusual even among luxury waterfront estates and supports the home’s entertaining orientation.
Infrastructure designed for long-term resilience
The home includes a whole-house propane generator supported by multiple fuel tanks.
Additional structural features such as insulated crawl spaces and dehumidification systems enhance efficiency and durability. These elements support the home’s long-term functionality.
A waterfront position that defines the property (and its price point)
Ultimately, the defining feature of “My Paradise” is its relationship with Biscayne Bay.
With water on multiple sides, a private beach, dock, and elevated living areas, the property functions less like a typical waterfront home and more like a private coastal compound.
At $22.5 million, it represents one of the more distinctive waterfront offerings currently available in Coral Gables.
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