Very RARE opportunity to own a “GEM” studio unit on WORLD FAMOUS OCEAN DRIVE in Miami Beach! This historic ART DECO LANDMARK in the heart of South Beach was restored and converted into a luxury boutique condominium overlooking a lovely courtyard and private walkway entrance. Located just across the 42 block long boardwalk, Lummus Park, muscle beach and the ocean but also near restaurants, stores, night life and much more! Building has new roof and it is in great condition. Building and local zoning law allow DAILY SHORT TERM RENTALS in the unit with no restrictions. Perfect location for your family and guests or to rent short term producing HIGH REVENUES. New Central AC, Italian ceramic tiles, security guard on site, video cameras and valet parking available 24/7.