The building to the left of the picture is well known by local history enthusiasts in Miami; it is the Gralynn Hotel at the intersection of today's SE 1st Avenue and SE 2nd Street - this particular view is looking north. The Gralynn disappeared a long time ago but most of us knew it before it was demolished (though it was heavily transformed towards the end); I have attached a picture of it. The railroad tracks disappeared a long time ago; they were an east-west extension of the main line, connecting with the Royal Palm Hotel. Flagler's hotel suffered greatly during the 1926 hurricane and it was demolished shortly after, but I do not know how much longer the rails lasted. The aerial image shows two arrows: the black one marks the location and direction of the now-extinct railroad tracks; the red one shows the approximate location and direction from which the picture was taken. Some blocks have merged over the decades and therefore the railroad tracks are now partially buried underneath buildings like NationsBank, for instance. I also placed a very faint circle around the building which now occupies the old site of the Gralynn Hotel.

There are two locations with railroad tracks, and neither looks anything like this anymore. Not sure which location it is.

[The street sign in the photo is a clue. - Dave]

That woman's ghost seems to be heading straight towards the camera.