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Presented by
Melanie Gowen |
Bombora Oceanside Suites presents a rare investment opportunity in the heart of Flagler Beach’s vibrant business district. Located directly across from the Atlantic Ocean, this beautifully renovated, income producing property is zoned Tourist Commercial and features four fully operational vacation rental units, along with a spacious penthouse style owner’s quarters. The owner’s unit can be used as a private residence or converted into an additional rental to further maximize income.
The property’s prime oceanfront location offers sweeping panoramic views, especially from the top floor penthouse, which features expansive windows and a large oceanfront deck added in 2021. All units have been thoughtfully updated with modern kitchens, stone countertops, and select new cabinetry, along with tastefully renovated bathrooms designed to deliver a high quality guest experience.
Bombora operates as a turnkey short term rental business with a stellar reputation for cleanliness, hospitality, and strong repeat clientele. Its established brand presence within the Flagler Beach community adds significant value, with detailed rental income available upon request.
Additional features include a deep two car garage offering 563 square feet of space, laundry facilities on both the first floor and in the owner’s suite, and a new roof installed in 2017. The property has been well maintained, is located in a non flood zone, and was unaffected by any recent hurricanes.
Guests enjoy direct beach access via a dune walkover just across the street and are steps from the iconic Flagler Beach pier, as well as popular restaurants, beach bars, coffee shops, art galleries, and boutique stores.
The property also offers flexible use potential, with the option to utilize the lower units for commercial purposes while continuing to rent the upper units. Historically, one of the lower spaces operated as a bakery, highlighting its versatility.
Flagler Beach is a charming, laid back coastal community known for its “Old Florida” atmosphere, unspoiled beaches, locally owned businesses, weekly farmers markets, and frequent community events. Its relaxed pace, natural beauty, and welcoming vibe make it a highly desirable destination for both visitors and residents.
Whether you’re seeking a lifestyle property, a high performing income generator, or a mixed-use investment, Bombora Oceanside Suites offers exceptional value and opportunity in one of Florida’s most beloved seaside towns.
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.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$1,799,999
Luxury Properties Specialist
William Raveis Real Estate
Phone: 202.365.0240
Melanie.Gowen@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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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 | $1,439,999 | $1,439,999 | $1,439,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.110% | 6.097% |
| Monthly Tax Payment | $1,400 | $1,400 | $1,400 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,403 | $8,634 | $12,055 |
| Total Monthly Payment | $9,928 | $10,159 | $13,580 |
* 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.