The only Hotel on the ocean available in Miami Beach. Possibility to build another 14,000sqft or to annex it with the adjacent property to build a Luxury Condo Project with an FAR of 3.0. Develop today, or stabilize and hold long term. Total unit count with next door would be about 150. This is probably the last opportunity to own an Oceanfront Property in Miami Beach that makes sense as an income producing and/or development opportunity. Pictures on the way.