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1104 S Ocean Shore BOULEVARD, Flagler Beach, FL, 32136 | $3,900,000
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.
Features
- Property Type: Hotel/Motel
- Construction: Stucco
- Utilities: BB/HS Internet Capable, Electricity Available, Phone Available, Public, Water Connected
- Garage: 19 to 30 Spaces, Ground Level, Lighted
- Levels: 2
- Heating: Central Building, Exhaust Fan, Heat Pump
- Cooling: Central Air
- Year Built: 1945
- Acreage: 0.57
- Est. Taxes: $29,585
- Lot Desc: Flood Insurance Required, Waterfront
- Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
- MLS#: FC290302
- Days on Market: 485 days
- Website: https://www.raveis.com
/prop/FC290302/1104soceanshoreboulevard_flaglerbeach_fl?source=qrflyer
Listing courtesy of GOLDEN MAGNOLIA REALTY CORP Phone: 386-986-4070
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1104 S Ocean Shore BOULEVARD, Flagler Beach, FL, 32136
$3,900,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $3,120,000 | $3,120,000 | $3,120,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
| Monthly Tax Payment | $2,465 | $2,465 | $2,465 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $20,236 | $19,978 | $27,393 |
| Total Monthly Payment | $22,826 | $22,568 | $29,983 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388