Hotel Seacrest
4562 Bougainvilla Drive
Lauderdale-by-the-Sea, FL 33308
SOLD
$1,800,000
| Listing Status: | Sold |
| Property Type | Boutique Hotel / Inn |
| Building Square Feet: | 4,016 |
| Acres: | 0.28 |
| Year Built: | 1982 |
| Number of units | 8 |
| Listing ID | F10080810 |
Rich Barnhart, Broker
Direct: 954-980-7795
Office: 954-351-7007
Turn Key Opportunity
This is a fantastic opportunity to own an amazing boutique hotel in beautiful Lauderdale-by-the-Sea. The recently renovated Hotel Seacrest is completely turn-key and ready for you to take over. The hotel has 8 total units, including 2 one-bedroom apartments and 6 studios all with fully equipped kitchens. All rooms are very private and surround an exquisite pool with lush landscaping. This wonderful property is ideal for a resident operator, investor or current hotelier looking to expand their operation. With the latest in booking and communication technology you can run this hotel remotely! Located just 150 yards from the beach and a short walk to dozens of shops, bars, restaurants and fishing pier, this very special property provides its guests with the ultimate in walk-ability and local amenities.
Financial Summary and Unit Mix
*For additional financial information including 2016 detail and pro forma model please contact listing broker
| Year | 2016 | 2017 |
| Gross Income | $298,118 | $299,795 |
| Expenses | $150,382 | $135,886 |
| Net Operating Income | $147,736 | $163,909 |
| One Bedroom | 2 |
| Efficiency | 6 |
Property Highlights
- Excellent barrier island location in Lauderdale-by-the-Sea just steps to the beach and walking distance to restaurants and shopping
- Corner lot on quiet street close to ocean has potential for future development opportunity
- Flexible room mix provides owner and guests with plenty of booking options
- Property can be managed remotely or by on-site owner/manager
- Many major upgrades and renovations recently completed
- New impact windows and doors throughout
- New flooring in every room
- Fully renovated bathrooms and kitchens with new appliances
- ASK BROKER FOR COMPLETE LIST OF RENOVATIONS
Photo Gallery
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Location – Lauderdale-by-the-Sea, FL
Nestled in the heart of beautiful Lauderdale-by-the-Sea in the heart of South Florida’s Gold Coast, Hotel Seacrest offers an excellent location for its guests. Conveniently located within walking distance to dozens of restaurants, shopping and pristine white sand beaches, it doesn’t get any better than this. Convenient to Fort Lauderdale beach, Las Olas Blvd., Fort Lauderdale-Hollywood International Airport, International cruise port and the Fort Lauderdale Arts and Entertainment District, this quaint seaside inn is close to it all, yet just far enough off the beaten path to provide a quiet and relaxing vacation experience.
Lauderdale-by-the-Sea is known for its quaint shops, restaurants, world famous fishing pier and accessible coral reef. As the “Shore Dive Capital of South Florida” you are a short swim away from world class snorkeling and scuba diving.
Maps
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Property Video
Accolades
TripAdvisor: Top Rated Hotel in Lauderdale-by-the-Sea, Certificate of Excellence