1104 S Ocean Shore Boulevard, FLAGLER BEACH, FL 32136
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Priced at Only: $3,500,000
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Address: 1104 S Ocean Shore Boulevard, FLAGLER BEACH, FL 32136
Property Location and Similar Properties
- MLS#: FC290302 ( Commercial Sale )
- Street Address: 1104 S Ocean Shore Boulevard
- Viewed: 4
- Price: $3,500,000
- Price sqft: $666
- Waterfront: Yes
- Wateraccess: Yes
- Waterfront Type: Beach Front,Gulf/Ocean
- Year Built: 1945
- Bldg sqft: 5257
- Days On Market: 637
- Additional Information
- Geolocation: 29.4744 / -81.1246
- County: FLAGLER
- City: FLAGLER BEACH
- Zipcode: 32136
- Provided by: GOLDEN MAGNOLIA REALTY CORP
- Contact: Marianna Gorshelev
- 386-986-4070
- DMCA Notice
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DescriptionExplore 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 Floridas 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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- Property Tax $
- Home Insurance $
- HOA Fees $
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Features
Building and Construction
- Basement: Bath/Stubbed, Crawl Space, Finished, Full, Interior Entry
- Covered Spaces: 0.00
- Flooring: Carpet, Ceramic Tile, Laminate, Parquet
- Living Area: 0.00
- Roof: Cement
Property Information
- Property Condition: Completed
Land Information
- Lot Features: Flood Insurance Required, Waterfront
Garage and Parking
- Garage Spaces: 0.00
- Parking Features: Parking Spaces - 19 to 30, Ground Level, Lighted
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Electric: 200+ Amp Service, Separate Meters
- Heating: Central, Exhaust Fan, Heat Pump
- Road Frontage Type: State Road
- Sewer: Public Sewer
- Utilities: BB/HS Internet Capable, Electricity Available, Phone Available, Public, Water Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Net Operating Income: 845515.00
- Tax Year: 2022
Other Features
- Accessibility Features: Accessible Approach with Ramp, Accessible Bedroom, Accessible Full Bath, Visitor Bathroom, Accessible Hallway(s)
- Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Country: US
- Legal Description: GEORGE MOODY SUB DIV BLOCK 18 LOTS 1, 2, 3 OR 268 PG 391
- Levels: Two
- Area Major: 32136 - Flagler Beach
- Parcel Number: 12-12-31-4500-00180-0010
- Possession: Negotiable
Nearby Subdivisions
- Sabrina Robles-Ocasio
- Tropic Shores Realty
- Let's Make It Happen