PALM ISLAND UNIQUE WATERFRONT OPPORTUNITY TO WORK ON PLANS FOR A REMODEL OR NEW CONSTRUCTION WITH HEFTY RENTAL INCOME! Tenant Occupied through Aug 2022 @ $25,500/M. Here is your Opportunity to have any Construction Plans Designed & Approved whilst Receiving an Excellent Rental Income. This 7,000 Sq Ft Private Cul-de-Sac LOT on Palm Island Featuring 50' of Waterfrontage with Direct Ocean Access and Features Magnificent Skyline Views. Mediterranean Villa with High Ceilings Renovated in 2014 with 3,686 Sq Ft of Living Space Encompassing 5 Bedrooms + Office + 3.5 Baths with Fireplace & Laundry Room. Royal Palms Frame the Dock and Pool Deck Receiving Direct Sunlight All Day. Nestled between South Beach & Downtown with Gated Security, Park & Tennis courts. PALM ISLAND IS PERFECT FOR FAMILIES!