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

August 23, 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


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 8/23/2024, 11:47 AM UTC

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