Active

$3,500,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFRFC290302
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$3,500,000
HOA Fee:
N/A
Tax Amount:
$29584.54
Price per SqFt:
$665.78
Tax Legal Description:
GEORGE MOODY SUB DIV BLOCK 18 LOTS 1,2,3 OR 268 PG 391
Exterior Features
Lot Size:
25000
Lot Features:
Flood Insurance Required, Waterfront
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
Parking Spaces - 19 to 30, Ground Level, Lighted
Roof:
Cement
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central, Exhaust Fan, Heat Pump
Cooling:
Central Air
Appliances:
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Furnished:
No
Floor:
Carpet, Ceramic Tile, Laminate, Parquet
Levels:
Two
Additional Features
Property Sub Type:
Hotel/Motel
Style:
N/A
Year Built:
1945
Construction Type:
Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    1104 S OCEAN SHORE BLVD
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