The least expensive waterfront property on exclusive gated Hibiscus Island in South Beach, minutes from World famous Ocean Drive, Downtown Miami & Brickell. Make it your home or tear it down & build another luxurious Palace on the Island! One of the last waterfront homes or site available at close to land value. The Island also includes tennis courts for outdoor sports. The private dock for your boat & jet ski lifts overlook the peaceful wide canal. Property has direct access to the Intracoastal Waterways & the Ocean. Great floor plan: a separate wing at entrance leads to 2 bed/2 baths. Den/office enjoys the entire living area. 2 master suites open to the pool deck & overlook the Palaces of Palm Island across the sparkling blue waters. Enjoy South exposure & Downtown views! CASH DEAL ONLY