3009 SR 109, Copalis Beach, WA 98535
- $2,700,000
Listing courtesy of Windermere R.E. Ocean Shores.
- List Price
- $2,700,000
- Status
- ACTIVE
- MLS#
- 2552382
- Days on Market
- 19
- Annual Tax Ammount
- 18195
Property Description
You have options with owner financing available. Direct beach access. Run as a resort, active over 55 complex, apartment rentals, employee housing or consider selling individual condo units and even adding more condo units for sale. Unique, secluded boutique resort on Washington's Pacific Coast located between Ocean Shores and Seabrook. Treed entrance sets a calming tone. Property consists of 15.72 acres, 335 ft of creek & ocean frontage, 20 - 1 bdrm condos (650 SF) with full kitchens and large living rooms. 20 individual condos, , 2 bdrm apt, 2 studios, laundry and storage facility, seasonal outdoor pool, hot tub, clubhouse with ping pong & pool tables and meeting space. Solarium with exercise equipment and sauna. Trail to ocean. Room for expansion for RVs/glamping or multi-level ocean view condos. Ideal opportunity to market to groups, reunions, weddings and company retreats. Could consider monthly rentals. Owner financing available with $1.2 million down payment, 20 year term, 6% interest with 3 year cash out.
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Additional Information
- Community
- Copalis Beach
- Style
- 64 - Hotel/Motel
- Year Built
- 1967
- Waterfront
- Yes
- Waterfront Description
- Creek, Ocean Front
- Roof
- Composition
- Tax Year
- 2023
- Potential Terms
- Cash, Conventional
- Flooring
- Ceramic Tile, Laminate
- Driving Directions
- Resort is located just South of Copalis Beach at 3009 SR 109.
- Electric Expenses
- 18091
- Other Expenses
- 193167
- Energy Source
- Electric
- Net Operating Income
- $265,771
- Gross Adjusted Income
- $507,108
- Water/Sewer/Garbage Expenses
- $2,043
- Cap Rate
- 11
- Total Expenses
- $241,337
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.