NOT LISTED FOR SALE

1421 Lugo Ave Coral Gables, FL 33156

Gables By The Sea Neighborhood

Estimated Value: $1,330,598 - $7,841,000

0.28 Acre
$13,563,929 Price per Acre
12,197 Sq Ft Lot

Last Sold October 05, 2020

Last sale price $637,000

Est. 496% increase in value since last sale

Current estimated payment $21,608/month

271 Days on Market

Highlights

  • Gated Community
  • Home fronts a canal
  • Landscaped with Trees
  • Pinecrest Elementary School Rated A
  • No HOA
  • 1-minute walk to Coral Bay Park

About This Lot

As of October 2020

Great residential waterfront lot on a treelined street located in the sought-after gated community of Gables by the Sea. Situated within walking distance to neighborhood park, easy access to Old Cutler Road, close to shopping, malls, fine restaurants, arts/entertainment, marinas, golf, tennis, canoeing, fitness centers, A+ public/private schools and more! Ready to Build your Dream Home on one of the last available lots in Gables by the Sea. No access to bay.

Last Agent to Sell the Property

James Gillis

Palm Shores Realty License #3031612 Listed on: 11/30/2019

Last Buyer's Agent

James Gillis

Palm Shores Realty License #3031612 Listed on: 11/30/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,972

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 107x113
  • Home fronts a canal
  • South Facing Home
  • Cleared Lot
  • Landscaped with Trees
  • Property is zoned 0100

Additional Features

  • Canal Views
  • City Lot
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 03-51-18-005-0200

Community Details

Overview

  • No Home Owners Association
  • Voluntary home owners association
  • Gables By The Sea Condos
  • Gables By The Sea Subdivision
  • The community has rules related to building or community restrictions

Security

  • Gated Community

Recreation

  • Canal Width is 81-120 Feet

Property Details

Property Type

Land

Est. Annual Taxes

$8,972

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Co List Office Phone: 305-283-9179
  • Directions: Old Cutler Road to Lugo Avenue - head east to visitor's gate, no appointment needed.
  • Horses: No
  • Inclusions: Other
  • Lot Size Acres: 0.28
  • Lot Size: 107x113
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Paved Road, Public Road
  • Road Surface Type: Paved Road, Paved
  • Structure Type: Residential
  • Subdivision Name: Gables by the Sea
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Primary

Exterior Features

  • View: Canal View
  • Direction Faces: South
  • Lot Features: City Location, Other Soil Type, 1/4 To Less Than 1/2 Acre Lot, Cleared
  • Other Structures: None
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Canal Front, Canal Width 81-120 Feet, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Gables by the Sea

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Utilities: Cable Available, Electricity Available, Other, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No
  • Community Features: Gated Community, Subdivision Restrictions, Voluntary Hoa

Lot Info

  • Parcel Number: 03-51-18-005-0200
  • Additional Parcels: No
  • Current Use: Residential, Unused
  • Development Status: Recorded Plat
  • Lot Size Sq Ft: 12190
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 8972

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2019
Closed on
Oct 2, 2020
Sold by
Miles Kris A and Miles Babette B
Bought by
Debrito Carlos J and Debrito Maria Carolina
Seller's Agent
James Gillis
Palm Shores Realty
Buyer's Agent
James Gillis
Palm Shores Realty
List Price
$750,000
Sold Price
$637,000
Premium/Discount to List
-$113,000
-15.07%
Current Estimated Value
$3,797,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,160,900
Avg. Annual Appreciation
42.41%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Debrito Carlos J $637,000 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2020 10/05/20 Sold $637,000 -9.0% --
08/27/2020 08/27/20 Pending -- -- --
01/31/2020 01/31/20 Price Changed $700,000 -6.7% --
11/30/2019 11/30/19 For Sale $750,000 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,378 $2,706,373 -- --
2024 $15,894 $693,612 -- --
2023 $15,894 $630,557 $0 $0
2022 $12,121 $573,234 $0 $0
2021 $10,329 $521,122 $521,122 $0
2020 $10,312 $521,122 $521,122 $0
2018 $9,279 $427,584 $0 $0
2017 $8,972 $388,713 $0 $0
2016 $8,694 $353,376 $0 $0
2011 -- $219,420 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    James Gillis

    Palm Shores Realty

    (305) 283-9179

    31 Total Sales

    James Gillis
    Section Image

  • E

    Buyer Co-Listing Agent in 2020

    Elaine Gillis

    Palm Shores Realty

    (305) 283-9179

    26 Total Sales

    Elaine Gillis
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10780395

MIAMI REALTORS® MLS

APN: 03-5118-005-0200

Florida Miami/Dade County Coral Gables 33156 Gables By The Sea

1421 Lugo Ave, Coral Gables, FL

This home is located at 1421 Lugo Ave, Coral Gables, FL 33156 since 30 November 2019 and is currently estimated at $3,797,900. 1421 Lugo Ave is a home located in Miami-Dade County with nearby schools including Pinecrest Elementary School, Palmetto Middle School, and Miami Palmetto Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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