Listing by: Marianna Gorshelev, GOLDEN MAGNOLIA REALTY CORP, 386-237-0301
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0 Beds
n/a Full bath
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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.
Property Details | ||
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Price | $4,900,000 | |
Lot Size Area | 25000 | |
Lot Size Area Units | Square Feet | |
Acres | 0.57 | |
Property Type | Commercial | |
Sub type | HotelMotel | |
MLS Sub type | Hotel/Motel | |
Year Built | 1945 | |
Roof | Cement | |
Heating | Central Building, Exhaust Fan, Heat Pump | |
Foundation | Basement, Block, Crawlspace, Slab | |
Accessibility | Accessible Approach with Ramp, Accessible Bedroom, Accessible Full Bath, Visitor Bathroom, Accessible Hallway(s) | |
Lot Description | Flood Insurance Required, Waterfront | |
Parking Description | 19 to 30 Spaces, Ground Level, Lighted | |
Geographic Data | ||
Directions | From I 95 head East, Turn south/right on A1A, Drive 0.5 mile, Hotel located on the right side at 1104 S Ocean shore Blvd | |
County | Flagler | |
Latitude | 29.474374 | |
Longitude | -81.124559 | |
Market Area | 32136 - Flagler Beach | |
Address Information | ||
Address | 1104 S Ocean Shore BOULEVARD, FLAGLER BEACH, FL 32136 | |
Postal Code | 32136 | |
City | FLAGLER BEACH | |
State | FL | |
Country | United States | |
Listing Information | ||
Listing Office | GOLDEN MAGNOLIA REALTY CORP | |
Listing Office Phone | 386-986-4070 | |
Listing Agent | Marianna Gorshelev | |
Listing Agent Phone | 386-237-0301 | |
Buyer Agency Compensation | 2% | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | None | |
Ownership | Corporation | |
Terms | Cash, Conventional | |
Virtual Tour URL | https://www.propertypanorama.com/instaview/stellar/FC290302 | |
MLS® Information | ||
Days on market | 377 | |
MLS® Status | Active | |
Listing Date | Mar 30, 2023 | |
Listing Last Modified | Apr 30, 2024 | |
Tax ID | 1212314500001800010 | |
Tax Year | 2022 | |
Tax Annual Amount | 29584 | |
MLS® Area | 32136 - Flagler Beach | |
MLS® # | FC290302 |
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This information is believed to be accurate, but without any warranty.