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1104 S Ocean Shore Boulevard

Flagler Beach, FL 32136
  • $4,900,000
  • STATUS: Active
  • ON SITE: 390 Days
  • MLS #: FC290302
Price Reduced
UPDATED: 152 min ago
$4,900,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1945
County:

School Ratings & Info

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.

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-04-24T12:51:03.247.
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1104 S Ocean Shore Boulevard Flagler Beach, FL 32136

  • Price: $4,900,000
  • Status: Active
  • On Site: 390 Days
  • Updated: 152 min ago
  • MLS #: FC290302
0
Beds
0
Baths
0
½ Baths
0.57
Acres
1945
Built
Neighborhood:
Flagler Beach
County:
Flagler
Area:
Flagler Beach
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.
Exterior Features

Adjoining Property Commercial Construction Materials Stucco Direction Faces East Foundation Details BasementBlockCrawlspaceSlab Lot Features Flood Insurance RequiredWaterfront Number Of Bays Grade Level 2 Parking Features 19 to 30 SpacesGround LevelLighted Road Frontage Type State Road Road Surface Type Asphalt Roof Cement Water Access BeachGulf/Ocean Water Access Yn Yes Water Extras Yn No Water View BeachGulf/Ocean - Full Water View Yn Yes Waterfront Features WaterfrontBeachGulf/Ocean Waterfront Feet Total 0 Waterfront Yn Yes

Interior Features

Accessibility Features Accessible Approach with RampAccessible BedroomAccessible Full BathVisitor BathroomAccessible Hallway(s) Appliances DishwasherDryerMicrowaveRefrigeratorWasher Basement Bath/StubbedCrawl SpaceFinishedFullInterior Entry Building Area Total 5257 Ceiling Type Drywall Cooling Central Air Cooling YN Yes Flooring CarpetCeramic TileLaminateParquet Heating Central BuildingExhaust FanHeat Pump Heating YN Yes Levels Two Number Of Conference Meeting Rooms 1 Sewer Public Sewer Stories Total 2 Water Source Public Window Features Double Pane WindowsDrapesImpact Glass/Storm WindowsInsulated WindowsLow Emissivity WindowsTinted Windows

Property Features

Annual Expenses 337515 Electric 200+ Amp ServiceSeparate Meters Flood Zone Code el11 Listing Terms CashConventional New Construction Yn No Ownership Corporation Property Condition Completed Property Sub Type Hotel/Motel Realtor Info List Agent is OwnerSurvey Available Security Features Security LightsSmoke Detector(s) Special Listing Conditions None Tax Annual Amount 29584.54 Total Annual Fees 0 Total Monthly Fees 0 Utilities BB/HS Internet CapableElectricity AvailablePhone AvailablePublicWater Connected


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of GOLDEN MAGNOLIA REALTY CORP: 386-986-4070.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-04-24T12:51:03.247.
 
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