$4,900,000
Active
16 Days Online
0 Beds0 Baths5,257 SQFT
Active

1104 S Ocean Shore Boulevard Flagler Beach, FL 32136

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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 TypeCommercial
  • NeighborhoodN/A
  • CountyFlagler
  • Taxes$29,584
  • HOA/Condo/Coop Fees$0
  • Days on Site16 Days
  • MLS StatusActive
  • MLS ID NumberFC290302
  • Home Size Source Appraiser
  • Year Built1945
  • Lot Size0.57 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction Stucco
  • Building Features BathroomsCommon LightingElevator – NoneFencingFurnishedKitchen FacilityLit Sign on SiteOn Site ShowerRampReceptionSeatingStone CounterWaiting Room
  • Parking Parking Spaces - 19 to 30Ground LevelLighted
  • Sewer Public Sewer
  • Electric 200+ Amp Service
  • Basement Bath/ StubbedCrawl SpaceFinishedFullInterior Entry
  • Number of Stories 2
  • Acreage 0.57
  • Water Public
  • Security Security LightsSmoke Detector(s)
  • Accessibility Features Accessible Approach with RampAccessible BedroomAccessible Full BathVisitor BathroomAccessible Hallway(s)
  • Property Sub Type Hotel- Motel
  • Utilities Electricity AvailablePhone AvailableWater Connected
  • Foundation BlockSlab
  • Direction Faces East
  • Ownership Corporation
  • Parcel Number 12-12-31-4500-00180-0010

Interior Features

  • Cooling Central Air
  • Heating CentralExhaust FanHeat Pump
  • Appliances DishwasherDryerMicrowaveRefrigeratorWasher
  • Flooring CarpetCeramic TileLaminateParquet
  • Window Features Double Pane WindowsDrapesImpact Glass/ Storm WindowsInsulated WindowsLow Emissivity WindowsTinted Windows

Exterior Features

  • Waterfront Property Yes
  • Waterfront Features Beach FrontGulf/ Ocean
  • Lot Flood Insurance RequiredWaterfront
  • Road Frontage State Road

Community Features

  • Township 12
  • MLS Area 32136 - Flagler Beach
  • Security Features Security LightsSmoke Detector(s)
  • Building Features BathroomsCommon LightingElevator – NoneFencingFurnishedKitchen FacilityLit Sign on SiteOn Site ShowerRampReceptionSeatingStone CounterWaiting Room

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Monthly Payment (Est.)

$26,133
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