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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.,
FEATURES- Accessibility Features
Accessible Approach with Ramp
Accessible Bedroom
Accessible Full Bath
Accessible Hallway(s)
Visitor Bathroom - Building Area Total 5257
- City FLAGLER BEACH
- Construction Materials Stucco
- Cooling Central Air
- Cooling Yes
- Country US
- County Or Parish Flagler
- Days On Market 217
- Direction Faces East
- 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 - Electric
200+ Amp Service
Separate Meters - Fencing Fenced
- Flooring
Carpet
Ceramic Tile
Laminate
Parquet - Foundation Details
Slab
Basement
Crawlspace - Heating Yes
- Latitude 29
- Levels Two
- List Price 6999000
- Living Area Source Appraiser
- Living Area Units Square Feet
- Longitude -81
- Lot Size Acres 1
- Lot Size Square Feet 25000
- Lot Size Units Square Feet
- M L S Area Major 32136 - Flagler Beach
- Mls Status Active
- On Market Date 2023-03-30 00:00:00
- Original List Price 6580056
- Originating System Name stellar
- Ownership Corporation
- Parcel Number 12-12-31-4500-00180-0010
- Postal Code 32136
- Property Sub Type Hotel/Motel
- Property Type Commercial Sale
- Road Frontage Type State Road
- Road Surface Type Asphalt
- Roof Cement
- Sewer Public Sewer
- Special Listing Conditions None
- Standard Status Active
- State Or Province FL
- Stories Total 2
- Unparsed Address
1104 S OCEAN SHORE BOULEVARD
FLAGLER BEACH FL 32136 - Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/stellar/FC290302
- Waterfront Yes
- Water Source Public
- Window Features
Drapes
Insulated Windows
Low Emissivity Windows - Year Built 1945
Zulma Hernandez
LISTING AGENT
Listing Provided by:
Marianna Gorshelev
GOLDEN MAGNOLIA REALTY CORP
The multiple listing information is provided by Miami Association of REALTORS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©️2019 Miami Association of REALTORS. All Rights Reserved.
The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
- Accessibility Features
Accessible Approach with Ramp
