Active
1104 S OCEAN SHORE BLVD
FLAGLER BEACH FL, 32136
$3,900,000
$741.87 per sqft
Active
5,257 sqft
Commercial
Built in 1945
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.
FC290302
MLSⓇ ID
March 31, 2023
Listed
October 10, 2024
Updated
Map
1104 S OCEAN SHORE BLVD
FLAGLER BEACH FL, 32136
Interior Features
Total Stories
2
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Floor Description
Carpet, Ceramic Tile, Laminate, Parquet
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Exhaust Fan, Heat Pump
Exterior/Building Features
Lot Size
0.57 Acres
Lot Features
Flood Insurance Required, Waterfront
Roof
Cement
Sewer
Public Sewer
Other Property Details
Area Name
32136 - Flagler Beach
Taxes
$29,585
Tax Frequency
Annually
Days on Market
485
Association Fee Frequency
Monthly
Garage
No
Parking
Parking Spaces - 19 to 30, Ground Level, Lighted
View
No
County
Flagler
Municipality
12
Water Source
Public
Pool
No
Waterfront
Yes
Listing History
Date | Event | Price |
---|---|---|
8/20/2024 | Active | — |
8/18/2024 | Pending | — |
6/11/2024 | Price change | $3,900,000 -16% |
6/3/2024 | Price change | $4,600,000 -7% |
Listed by GOLDEN MAGNOLIA REALTY CORP
Listing Contact: 386-237-0301
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Data last updated 10/10/2024, 3:10 AM UTC