1104 S OCEAN SHORE BOULEVARD FLAGLER BEACH FL 32136 MLS #FC290302 | Gary Kusher | Florida Real Estate

1104 S OCEAN SHORE BOULEVARD
FLAGLER BEACH, FL, 32136
$3,900,000
Beds
0 Baths
5,257 SqFt
0.57 Acres
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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.

Property Details

Price:
$3,900,000
MLS #:
FC290302
Status:
Active
Beds:
0
Baths:
0
Address:
1104 S OCEAN SHORE BOULEVARD
Type:
Commercial
Subtype:
Hotel/Motel
City:
FLAGLER BEACH
Listed Date:
Mar 30, 2023
State:
FL
Finished Sq Ft:
5,257
ZIP:
32136
Lot Size:
25,000 sqft / 0.57 acres (approx)
Year Built:
1945
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I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.

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Schools

Interior

Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Cooling
Central Air
Flooring
Carpet, Ceramic Tile, Laminate, Parquet
Heating
Central Building, Exhaust Fan, Heat Pump

Exterior

Construction Materials
Stucco
Parking Features
19 to 30 Spaces, Ground Level, Lighted
Roof
Cement

Financial

Buyer Agent Compensation
2%%
Tax Year
2022
Taxes
$29,585

Map

Community

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1104 S OCEAN SHORE BOULEVARD
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