For saleDock reportedVirtual tour
$12,500,000
5 beds5,765 sq ft
Ocean or gulf · CanalDirect parcel frontage
332 Costanera RdCoral Gables, FL 33143
House · MLS 12036250
Listing courtesy of Compass Florida, LLC · MyStateMLS
Under contractVirtual tour
$14,850,000
5 beds4,928 sq ft0.26 acres
750 Lugo AveCoral Gables, FL 33156
Homes, condos and townhomes · MLS 11802285 · Listed 146 days ago (Jun 5, 2026)
Ocean or gulf · Bay, harbor, inlet or sound · Direct parcel frontage · Waterfront details
Under contract: The seller has accepted an offer with conditions. Some sellers still accept backup offers.
About this property
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.
Description provided by the listing brokerage.
MLS-reported waterfront
Waterfront details
The listing represents the offered parcel itself as adjoining the water. This is what the listing reports, not a survey or a title finding.
- Relationship to the water
- Direct parcel frontage
- Water type
- Ocean or gulf, Bay, harbor, inlet or sound
- Water body
- Not provided. Ask the listing agent.
- Frontage length
- Not provided. Ask the listing agent.
- Water access arrangement
- Not provided. Ask the listing agent.
- Docks, slips, lifts, moorings
- Dock reported
- Dock depth
- Not provided. Ask the listing agent.
- Shoreline
- Not provided. Ask the listing agent.
- Seasonal or tidal conditions
- Not provided. Ask the listing agent.
- Boating limits (bridges, depth, open-water access)
- Not provided. Ask the listing agent.
The listing reports a dock. It does not say whether the dock is private, shared or transferable, or what boats it fits.
Why this is listed as waterfront
WaterfrontYN“Yes”: The listing is marked waterfront.WaterfrontFeatures“Ocean Front, Boat Dock, Bay”: Includes a "… Front" value describing frontage.PropertyTypeDetail“house”: Property form used to read the frontage relationship.
Classified from fields in the MyStateMLS listing data. It has not been independently verified, and it is not a survey, title examination or legal determination of shoreline or access rights. Rules version 2026-10-29.1. How we classify waterfront
Something wrong with this classification? Report a waterfront classification issue. Questions about frontage, docks or access are best answered by Compass Florida, LLC.
Facts
- List price
- $14,850,000
- Status
- Under contract
- Property type
- House
- Bedrooms
- 5
- Full baths
- 5
- Interior area
- 4,928 sq ft
- Lot size
- 0.26 acres (11,500 sq ft)
- Year built
- 1988
- Garage spaces
- 2
- County
- Miami-Dade County
- MLS number
- 11802285
- Annual property tax (2025)
- $129,853
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them.
Features
Interior
- Walk-In Closet(s)
Appliances
- Washer
- Range
- Microwave
- Refrigerator
- Dryer
- Dishwasher
Flooring
- Tile
- Marble
- Hardwood
Heating
- Electric
Parking
- Driveway
Roof
- Tile
- Flat
Water
- Public (Water Source)
Sewer
- Other
Virtual tours
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or shoreline, and no flood, wetland or hazard conclusion should be drawn from it. See more listings in Coral Gables.
Price and status history
Changes observed by Waterfront Homes in MyStateMLS data since Oct 29, 2026. This is not a public-record sales history; MyStateMLS does not publish sold prices.
Estimate a monthly payment
$2,970,000
Illustrative. Replace with a quote from your lender.
From the listing (tax year 2025). Taxes can change after a sale.
Get a quote; rates vary widely by location.
Manufactured homes on a leased lot.
Applied only while the loan is over 80% of the price. Illustrative.
Estimated monthly payment
$90,244 per month
Principal and interest$75,090
Property tax$10,821
Homeowners insurance$4,333
Loan amount$11,880,000
Total interest over the term$15,152,285
An estimate for comparison only, not a loan offer or approval. Actual rates, taxes, insurance, PMI and fees depend on your lender, credit, location and loan program.
Similar waterfront listings nearby
Waterfront listings of the same property type and water type in Coral Gables, priced within 25% of this listing ($11,137,500 to $18,562,500), newest first. Each one passes the same waterfront rules. See all matches
Under contractDock reportedVirtual tour
$11,399,000
3 beds3,886 sq ft
Ocean or gulf · CanalDirect parcel frontage
6944 Sunrise TerCoral Gables, FL 33133
House · MLS 11830102
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleVirtual tour
$13,950,000
5 beds6,239 sq ft1.04 acres
Ocean or gulf · Lake or reservoirDirect parcel frontage
5390 Banyan DrCoral Gables, FL 33156
House · MLS 11442118
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleDock reportedVirtual tour
$12,987,000
7 beds4,404 sq ft
Ocean or gulf · CanalDirect parcel frontage
7155 Los Pinos BlvdCoral Gables, FL 33143
House · MLS 11395280
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleReduced $1,000,000Dock reportedVirtual tour
$15,000,000
6 beds7,459 sq ft
Ocean or gulf · CanalDirect parcel frontage
4424 Granada BlvdCoral Gables, FL 33146
House · MLS 11394408
Listing courtesy of Compass Florida, LLC · MyStateMLS
Questions to ask before you buy
Questions worth investigating for any waterfront property. They are not claims that this property has a problem or meets any condition.
- Who owns the shoreline and the land under the water, and are there easements or public-access rights along it?Ownership can stop at a high-water line, a survey line or a seawall. A title search and survey answer this, not the listing.
- Is a dock, slip, lift or mooring included, and do the rights transfer to you?Docks can be shared, leased, assigned by an association or held under a permit that does not automatically transfer.
- What permits exist for the dock, seawall or other shoreline structures, and what would new work require?Shoreline work is often regulated by local, state and federal agencies.
- How much does the water level change by season, by tide or by reservoir management?Depth at a dock in one season can differ a lot in another.
- What does flood insurance cost for this property, and what does the current flood map show?Get a quote from an insurer or agent. A flood zone is not a premium, and no zone does not mean no risk.
- What maintenance does the shoreline need (seawall, bulkhead, riprap, erosion), and what has been done recently?Shoreline structures are expensive to repair; ask for records and inspection reports.
- How are water, sewer or septic, and power provided?Waterfront septic systems and wells can have extra rules and inspections.
- How do you reach the property by road year-round, and who maintains that road?Some waterfront roads are private, seasonal or shared.
- What local rules apply: rentals, docks, boat lifts, fences, tree removal, setbacks?Rules come from the town, county, state, lake authority or association and vary widely.
Printable due-diligence checklist · Ownership budget planner · FEMA Flood Map Service Center (official flood maps; look up the address yourself)
Guides and next steps
Listing courtesy of Compass Florida, LLC. Listings provided by MyStateMLS.
Listing last updated by the brokerage Oct 26, 2026, 11:50 AM UTC. Waterfront Homes last received MyStateMLS data Oct 29, 2026, 8:01 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing agent.