1104 S Ocean Shore Boulevard, Flagler Beach, FL 32136 (MLS # FC290302)
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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.
| DAYS ON MARKET | 540 | LAST UPDATED | 8/20/2024 |
|---|---|---|---|
| YEAR BUILT | 1945 | COMMUNITY | 32136 - Flagler Beach |
| COUNTY | Flagler | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Jun 3, '24 | $4,900,000 |
|---|---|
| Jun 3, '24 - Jun 11, '24 | $4,600,000 |
| Jun 11, '24 - Today | $3,900,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Microwave, Refrigerator, Washer |
| AREA | 32136 - Flagler Beach |
| BASEMENT | Bath/Stubbed, Crawl Space, Finished, Full, Interior Entry |
| CONSTRUCTION | Stucco |
| HEAT | Central, Exhaust Fan, Heat Pump |
| LOT | 0.57 acre(s) |
| LOT DESCRIPTION | Waterfront |
| PARKING | Lighted |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 29584.54 |
| UTILITIES | Electricity Available, Phone Available, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Beach, Water |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Beach Front, Ocean Front, Beach Access |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Marianna Gorshelev, GOLDEN MAGNOLIA REALTY CORP
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 9/20/24 6:37 AM PDT.
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