Listing by: Marianna Gorshelev, GOLDEN MAGNOLIA REALTY CORP, 386-237-0301

0 Beds

n/a Full bath

n/a SqFt

Active

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
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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