1. Florida
  2. Flagler Beach
  3. 1104 S Ocean Shore BOULEVARD
$3,500,000

1104 S Ocean Shore BOULEVARD, Flagler Beach, FL 32136

  • 5,257 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1945
  • Property Lot Size Icon0.57acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $666/sqft
  • Property List Date Icon Listed 2 years ago

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.

Listing Status:
Active
Date Added:
March 30, 2023 at 05:00AM
Listing Office:
GOLDEN MAGNOLIA REALTY CORP : 386-986-4070
Listing Agent:
Marianna Gorshelev : 386-237-0301
MLS ID:
FC290302
  • Appliances: DishwasherDryerMicrowaveRefrigeratorWasher
  • Basement: Bath/StubbedCrawl SpaceFinishedFullInterior Entry
  • Flooring: CarpetCeramic TileLaminateParquet
  • A/C: Central Air
  • Heating: Central BuildingExhaust FanHeat Pump
  • Disability Feature: Accessible Approach with RampAccessible BedroomAccessible Full BathVisitor BathroomAccessible Hallway(s)

This listing courtesy of Marianna Gorshelev, GOLDEN MAGNOLIA REALTY CORP

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Old Kings Elementary School

301 Old Kings Rd S, Flagler Beach, FL, 32136

Grades PK-5

3.08 miles away

I

Imagine School at Town Center

775 Town Center Blvd, Palm Coast, FL, 32164

Grades KG-8

4.46 miles away

F

Flagler Palm Coast High School

5500 E State Highway 100, Palm Coast, FL, 32164

Grades 9-12

5.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.