$1,900,000
$1,999,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
5,285 SqFt
SOLD DATE : 08/17/2021
Key Details
Sold Price $1,900,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,285 sqft
Price per Sqft $359
MLS Listing ID 1080225
Sold Date 08/17/21
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 2001
Property Description
TURN KEY BUSINESS! Boutique Florida Oceanfront Inn & Residence with Private Beach Access. Enjoy living a quiet Florida beach lifestyle while benefiting from income generated from eight private villas. Located in Flagler Beach, Florida, and recognized as one of the ''top 10 hidden hotel gems'' by TripAdvisor, Island Cottage Oceanfront Inn combines the warmth of a fine B&B with the ambiance of a Caribbean-themed beach resort. With an Excellent Rating from nearly 300 reviews on TripAdvisor, guests describe the inn as a ''great place for a romantic getaway,'' a ''wonderful honeymoon'' spot with breathtaking views, and a ''wonderful place to relax, enjoy the beautiful beach, swim in the crystal clear pool.'' ALSO listed for sale as a VACATION RENTAL. The Attractive Property and Turnkey Business Offers:
Spacious 3BR owners' quarters with private garage/entrance, ocean views, and fireplace
Eight private suites with amenities ranging from Jacuzzi tubs, fireplaces, private balconies, and ocean views
Charming café for serving breakfast, appetizers, and dinner (currently licensed for wine and beer)
Beautiful deck overlooking the ocean
Relaxing solar-heated pool (resurfaced in 2019)
Attractive fountains and gardens
Private beach access
Separate entrances for each villa
Property offers 13 off-street parking spaces (12 for guests & 1 dedicated space for the owner)
Covered pavilion ideal for wedding receptions & casual parties up to 40 guests
Last renovated in 2018
Newly designed website with professional photography and video
Active advertising and marketing are in place.
Operating as a luxury beachfront inn for almost 20 years.
Many repeat guests.
Past Awards:
Superior Small Inns White Glove Award.
Best Hidden Gem in the U.S. - Trip Advisor.
One of Top 10 most romantic Properties in the U.S. - Trip Advisor.
One of Top 10 most romantic inns in the world - B&B.com.
Wonderful Income Potential Located in a Desirable Vacation Area
With nearly 20 miles of natural, and unspoiled beaches and waterways, Flagler Beach attracts vacationers from around the world looking to fish, go boating or kayaking, or just relax in the sun.
Guests of the inn can enjoy over 45 nearby parks and 125 miles of trails for walking, bird watching, or biking.
The inn is also conveniently located a half-hour from two major tourist towns historic St. Augustine and fun-filled Daytona Beach.
Room to Increase Income Potential
The spacious property has ample room to develop additional income-generating ventures, including a spa and massage facility, and a full-service restaurant open to the public.
Additionally, the owner's quarters could be modified to allow an increase from 8 to 10 licensed hospitality or event/function rooms. The inn could also expand the space available as a wedding venue.
Take Advantage of this Rare Beach Lifestyle and Livelihood Potential NOW
Florida oceanfront residential and income-producing inn combinations rarely come on the market.
The property is perfect for owners who want to live full-time near the ocean. It's also a great opportunity for investors who desire to hire and house a manager and/or staff.
The current owners will be available to train the new owners, management, and staff.
The owners are looking for serious inquiries only.
Location
State FL
County Flagler
Area 606-Flagler County South-Beach
Direction SR 100 East to Flagler Beach. Head south to property entrance on the right. Ocean access to the left.
Interior
Heating Central, Heat Pump
Flooring Carpet
Exterior
Utilities Available Cable Available, Cable Connected
Waterfront Description Navigable Water,Ocean Front
Roof Type Shingle
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Structure Type Concrete,Frame,Stucco
Others
Tax ID 1912320150000100180
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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