Price Reduction - Waterfront
Address
1104 S Ocean Shore BOULEVARD, FLAGLER BEACH, FL
Price
$ 4,900,000
Property Attributes
- MLS#FC290302
- TypeCommercial
- CountyFLAGLER
- CityFLAGLER BEACH
- AreaFlagler Beach
- Zip32136
- StyleHotel/Motel
- Year Built1945
- Taxes$ 29584
- Price$ 4,900,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5257
- Lot Size0.57 Acres
Data Source:
Stellar MLS
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.
| Price History | |
|---|---|
| 3/31/2023 | Listed $6,580,056 |
| 5/4/2023 | 5% - $6,290,000 |
| 12/11/2023 | 13% - $5,499,000 |
| 4/24/2024 | 11% - $4,900,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central Building,Exhaust Fan,Heat Pump |
| Cooling | Central Air |
| Utilities | BB/HS Internet Capable,Electricity Available,Phone Available,Public,Water Connected |
| Roof | Cement |
| Appliances | Dishwasher,Dryer,Microwave,Refrigerator,Washer |
| Security Features | Security Lights,Smoke Detector(s) |
| Construction Materials | Stucco |
| Year Built | 1945 |
| Electric | 200+ Amp Service,Separate Meters |
| Levels | Two |
| Property SubType | Hotel/Motel |
| Tax Year | 2022 |
| Percent Ownership | Corporation |
| Waterfront Features | Waterfront,Beach,Gulf/Ocean |
| Accessibility | Accessible Approach with Ramp,Accessible Bedroom,Accessible Full Bath,Visitor Bathroom,Accessible Hallway(s) |
| County | Flagler |
| New Construction | No |
| Property Type | Commercial Sale |
| Facing Direction | East |
| Building Features | Bathrooms,Common Lighting,Elevator None,Fencing,Furnished,Kitchen Facility,Lit Sign on Site,On Site Shower,Ramp,Reception,Seating,Stone Counter,Waiting Room |
| Status | Active |
| 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 |
| City | FLAGLER BEACH |
| Buyer Agent Compensation | 2% |
| MLS Area | 32136 - Flagler Beach |
| Lot Size Square Feet | 25000 |
| Waterfront Y/N | Yes |
| Street Name | S Ocean Shore |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 29584.54 |
| Property Condition | Completed |
| Public Remarks | 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 c |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/FC290302 |
| Days on Market | 377 |
| Standard Status | Active |
| Tax Lot | 1,2,3 |
| Legal Description | GEORGE MOODY SUB DIV BLOCK 18 LOTS 1,2,3 OR 268 PG 391 |
| Water View | Beach,Gulf/Ocean - Full |
| Water Access Type | Beach,Gulf/Ocean |
| Water Access Y/N | Yes |
| Water View Y/N | Yes |
Interior Features
| Basement | Bath/Stubbed,Crawl Space,Finished,Full,Interior Entry |
|---|---|
| Flooring | Carpet,Ceramic Tile,Laminate,Parquet |
| Total Stories | 2 |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Double Pane Windows,Drapes,Impact Glass/Storm Windows,Insulated Windows,Low-Emissivity Windows,Tinted Windows |
| Street Suffix | BOULEVARD |
| LivingAreaSource | Appraiser |
| Living Area Units | Square Feet |
Exterior Features
| Parking Features | 19 to 30 Spaces,Ground Level,Lighted |
|---|---|
| Lot Features | Flood Insurance Required,Waterfront |
| Water Source | Public |
| Lot Size Area | 25000 |
| Foundation Details | Basement,Block,Crawlspace,Slab |
| Number of Buildings | 4 |
| Building Area Total | 5257 |
| Lot Size Acres | 0.57 |
| Road Surface Type | Asphalt |
| Lot Size Units | Square Feet |
| Road Frontage Type | State Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 32136
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 21, 2024 10:20 AM UTC
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