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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1945
Sq.Footage
N/A
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 & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central, Exhaust Fan, Heat Pump
Exterior
-
Garage
No
-
Construction Materials
Stucco
-
Parking
Lighted
-
Pool
No
-
Waterfront YN
YES
-
View
Beach, Water
Area & Lot
-
Lot Features
Waterfront
-
Lot Size(acres)
0.57
-
Property Type
Commercial Sale
-
Property Sub Type
Hotel/Motel
Price
-
Sales Price
$3,500,000
-
Tax Amount
29584.54
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Accessibility Features
Accessible Entrance, Accessible Approach with Ramp, Accessible Bedroom, Accessible Full Bath, Visitor Bathroom, Accessible Hallway(s)
-
Foundation Details
Block, Slab
-
Ownership
Corporation
-
Sewer
Public Sewer
-
Tax Lot
1, 2, 3
-
Water Source
Public
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Location
County
Flagler
Elementary School
Middle School
High School
Listing Courtesy of Marianna Gorshelev , GOLDEN MAGNOLIA REALTY CORP
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Business Coach | Executive Sales Associate | Realtor®
MichaelGraf
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