Homes for sale - 1104 S OCEAN SHORE BLVD, Flagler Beach, FL 32136

HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Additional details

Keith Francis

keith@roundtablerealty.com +1(904) 874-2066

$ 3,900,000

Est. payment | -/mo

5,257 SqFt

Save Virtual Tour

$ 3,900,000

Est. payment | -/mo

Save Virtual Tour

5,257 SqFt

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 5,257 sqft

Price per Sqft $741

MLS Listing ID FC290302

HOA Y/N No

Originating Board Stellar MLS

Year Built 1945

Annual Tax Amount $29,584

Lot Size 0.570 Acres

Acres 0.57

Property Description

Explore the Golden Magnolia Resort and Spa at 1104 Oceanshore Boulevard, a newly renovated and fully operational boutique beach retreat. The nine-room resort includes an oceanfront restaurant with a commercial kitchen, a plunge and 98-degree mineral pool, and a 1,672-square-foot full-service luxury spa.
Cap Rate 7.45%

Ample outside deck and pergola seating at the Golden Magnolia takes advantage of the breathtaking ocean and pool views throughout the property which lead to a beach entry offering guests miles of relaxing, sandy beaches. It also features poolside day beds, pool deck picnic tables and umbrellas, outdoor lounge areas, an outdoor gas fireplace, new air conditioning systems, and a new water heater, lowering the estimated capital expenditures for buyers. Additionally, the resort is fully licensed for liquor, restaurant, and spa services and is available to book through major booking sites, providing multiple avenues from which to capitalize.

Buyers can acquire an asset equidistant to Jacksonville and Orlando in a community projected to see a 16.5% growth in population by 2027. That figure reflects a trend throughout the region of new residents looking to Northern Florida’s warmer climate to provide a perpetual vacation destination unrivaled by the rest of the country. That will buoy already high traffic counts that exceed 16,000 vehicles per day, adding to the number of potential guests attracted to the retreat. The Golden Magnolia Resort and Spa at 1104 Oceanshore Boulevard is ideally suited for buyers searching for their next investment in a rapidly-growing community.

Location

State FL

County Flagler

Interior

Heating Central, Exhaust Fan, Heat Pump

Cooling Central Air

Flooring Carpet, Ceramic Tile, Laminate, Parquet

Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer

Exterior

Parking Features Parking Spaces - 19 to 30, Ground Level, Lighted

Utilities Available BB/HS Internet Capable, Electricity Available, Phone Available, Public, Water Connected

Waterfront Description Beach Front,Gulf/Ocean

View Y/N Yes

Water Access Yes

Water Access Desc Beach,Gulf/Ocean

Roof Type Cement

Building

Lot Description Flood Insurance Required, Waterfront

Story 2

Entry Level Two

Foundation Basement, Block, Crawlspace, Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Stucco

New Construction false

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by GOLDEN MAGNOLIA REALTY CORP

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 469-7653

admin@roundtablerealty.com

1637 Racetrack Rd, Jacksonville, FL, 32259

1104 S OCEAN SHORE BLVD Flagler Beach, FL 32136