South Florida boutique hotel located in the quaint seaside village of Lauderdale by the Sea -Submarket of Ft Lauderdale / Miami. A unique well maintained property in a one of a kind location. Hollywood International Airport–7 miles. Palm Beach International–40 miles. 8 miles to downtown / Las Olas. One block to one of the most beautiful beaches in S Florida. 3 Diamond / 3 Star–Highest rating in its category from AAA. Owner or manager 2 bedroom, 2 bath penthouse with private elevator. Office. Heated pool & central air. Lush, tropical grounds. New roof, impact windows & other recent improvements. Excellent visibility–200’ of N. Ocean Drive frontage Ground lease–Approximately 79 years remaining. 2020 rent-$17,482. Annual rent is CPI adjusted and cannot increase more than 2% per year.