36-Unit Boutique Hotel with
New
For Sale
$8,950,000
6904 W County Highway 30A #Multiple, Santa Rosa Beach, FL 32459
Two lodging buildings are complemented by an event venue, a pool, and a four-unit office/live-work property.
Property Size53,579 SF
Price / SF$167.04
Days on Market2
Property Features for 6904 W County Highway 30A #Multiple
General Information
Standard status
Active
Size
53,579 SF
Total Parking Spaces
59
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Sprinkler System
Yes
Tenant in Place
Yes
Amenities
community pool
private elevator access
Building Details
Buildings
4
Listing Agency:
Compass
Listed By:
Delawalla Group
(850) 225-9899
Source:
Bestofemeraldcoast
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 2:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This hospitality property combines 36 lodging units across two buildings: 15 one-bedroom suites completed in 2010 and 21 studio units completed in 2018. The suites have full kitchens, separate living rooms, private bedrooms, full bathrooms, in-unit washers and dryers, and balconies. Studios include kitchenettes, flexible bed configurations, and mini-split HVAC. A passenger elevator serves the inn and suites building, and both lodging buildings have fire sprinkler and alarm systems. The site also includes a community pool and 59 parking spaces.
A 4,242-square-foot celebration hall, built in 2011, is leased for weddings and special events. The property also includes a four-unit office/live-work building at 64 Topsail Village Drive, measuring 2,754 square feet. The lodging and event components are located along Scenic Highway 30A in Santa Rosa Beach, near Gulf Place, Grayton Beach, Seaside, Grand Boulevard, and Topsail Hill Preserve State Park.
A 4,242-square-foot celebration hall, built in 2011, is leased for weddings and special events. The property also includes a four-unit office/live-work building at 64 Topsail Village Drive, measuring 2,754 square feet. The lodging and event components are located along Scenic Highway 30A in Santa Rosa Beach, near Gulf Place, Grayton Beach, Seaside, Grand Boulevard, and Topsail Hill Preserve State Park.
Key Highlights
- 36 lodging units: 15 one‑bedroom suites and 21 studios
- 11,457 SF of suites built in 2010; 12,186 SF of studios built in 2018
- Suites feature full kitchens, private balconies, and in‑unit washers and dryers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$496,376
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,927,520
$9.9M
Cap Rate 7%
$7,091,086
$7.1M
Cap Rate 9%
$5,515,289
$5.5M
Market Conditions
NOI Build-Up for 53,579 SF
Gross rent
$868.0K $16.20/SF
− Vacancy
−$73.8K −$1.38/SF
EGI
$794.2K $14.82/SF
− OpEx
−$297.8K −$5.56/SF
NOI
$496.4K $9.26/SF
Area
Walton County, FL
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,927,520
Cap Rate 7%
$7,091,086
Cap Rate 9%
$5,515,289
Alternative Uses
Best Use
Mixed Use
$7.09M
$6.20M – $8.27M
NOI $496,376 @ 7.0% cap · market cap 5.55%
Second Best
Hotel Hospitality
$2.29M
$2.00M – $2.67M
NOI $160,335 @ 7.0% cap · market cap 1.79%
Theoretical Best
Office A
$13.47M
$11.79M – $15.72M
NOI $943,205 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
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Business Placement
Demographics for 32459, FL
20,567
Population
17,700
Households
1.2
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
377
Density / Sq Mi
$101,067
Median Household Income
$53,393
Median Earnings
$2,165
Median Rent
$613,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Two lodging buildings are complemented by an event venue, a pool, and a four-unit office/live-work property.
Where is this hotel located?
The property is located at 6904 W County Highway 30A #Multiple Santa Rosa Beach, FL.
What is the asking price?
The asking price for this property is $8,950,000.
What are key features of this property?
This property features: 36 lodging units: 15 one‑bedroom suites and 21 studios; 11,457 SF of suites built in 2010; 12,186 SF of studios built in 2018; Suites feature full kitchens, private balconies, and in‑unit washers and dryers
