UPDATED:
11/08/2024 05:00 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,068 sqft
Price per Sqft $434
Subdivision Cochran Place Sub
MLS Listing ID V4933160
Bedrooms 11
HOA Y/N No
Originating Board Stellar MLS
Year Built 1986
Annual Tax Amount $15,936
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50x100
Property Description
Bombora Oceanside Suites is a Five Unit, fully operational, vacation rental property located on scenic SR A1A with unobstructed ocean views in the tourist district of downtown Flagler Beach. This property is turn-key, is extremely well maintained, and has a solid reputation with Super Hosts and Premier Hosts designations on Airbnb and VRBO, respectively. The owners have built a solid self-managed vacation rental business which is seeing a significant increase in repeat guests. Current projects in Flagler Beach include the $12.5 million Flagler Pier replacement and the new $17 million 100 room Margaritaville Hotel by Compass one block west of A1A on State Rd 100, just 9 blocks south of Bombora. These projects, which will raise the community’s exposure nationally, are expected to increase the upside potential of Bombora Oceanside Suites.
Location! A dune walkover to the beach is directly across the street. Within one mile of the property are a myriad of choices of entertainment, shopping and restaurants: Break Awayz, Flagler Beachfront Winery, Next Door Bistro, The Golden Lion Cafe (an annual top10 Florida beachfront bar/restaurant), FARO Beachside Eatery, Rocky’s Pizzeria, Finns Beachside Pub, The Funky Pelican, Romeros Italian, Wham Burger, Tortugas Florida Kitchen, Flagler Fish Company as well as the Flagler Pier and Veterans Oceanfront Park. This walkability, plus the laid-back nature of Flagler Beach, have lured visitors away from busier beach towns like Hilton Head and New Smyrna Beach. Added to the customer base are bookings from the Northeast US, Georgia, Tennessee and many from Florida, including the Orlando, Jacksonville and Tampa areas.
There is a large ocean front patio with picnic tables and a firepit for Bombora’s guests. All Five Units have been updated including kitchens, bathrooms, lighting, flooring, painting and furnishings. A common free laundry is located on the first floor for guests. Four of the units have one bedroom, one bath with full kitchen, large living area, and a sleeper sofa to accommodate up to four guests. The largest unit, currently owner occupied, has 180 degree views from the two story glass front and second floor ocean front balcony. At just over 2000 sf, it encompasses the entire third floor and part of the second and has two living areas, a pocket office, three bedrooms and two baths, a large kitchen, private laundry, and can sleep 10 or more. And, there is a very large two car garage that can be separately rented or used by the owner.
Location
State FL
County Flagler
Community Cochran Place Sub
Zoning TC
Interior
Interior Features Ceiling Fans(s), Open Floorplan, Solid Surface Counters
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Luxury Vinyl, Tile
Fireplace false
Laundry Corridor Access, Inside, Laundry Room
Exterior
Exterior Feature Balcony, Outdoor Shower, Rain Gutters, Sidewalk
Garage Garage Door Opener, Garage Faces Side, Guest, Off Street
Garage Spaces 2.0
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Street Lights, Water - Multiple Meters, Water Connected
Waterfront true
Waterfront Description Gulf/Ocean
View Y/N Yes
Water Access Yes
Water Access Desc Beach,Gulf/Ocean
View Water
Roof Type Built-Up,Metal
Porch Deck
Parking Type Garage Door Opener, Garage Faces Side, Guest, Off Street
Attached Garage true
Garage true
Private Pool No
Building
Lot Description CoastalConstruction Control Line, Corner Lot, City Limits, Level, Sidewalk, Paved
Entry Level Three Or More
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Pets Allowed No
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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