205 Wave Dr, Whitethorn, CA 95589-9158
- Motels
- 4,395 SF
- 0.50 lot acres
Current Use by Public Records
- Motels
Property Details for 205 Wave Dr
- Year built
- 1968
- Construction
- WOOD
- Lot size
- 0.50 lot acres
- Zone code
- CR-Q/A,D
- Property type
- Motels
- APN
- 109-361-048-000
- APU
- 109361048000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 28, 2022 | $5,650,000 | Ilc I LLC | Shelter Cove Ocean Front Suites INC | Grant Deed | $4M · Santa Cruz County Bank |
| Oct 11, 2018 | — | Shelter Cove Ocn Front Suites | — | Deed · related | $2.4M · Avid Commercial LLC |
| May 11, 2004 | — | Cove Ocean Front Suite Shelter | — | Trustees Deed · related | $995k · Humboldt Bank |
| Jul 2, 2002 | — | Cove Ocean Front Suite Shelter | White,steven & Millie | Grant Deed | $412k · White Trust |
| Sep 28, 2000 | — | Steven White | White Construction Ci INC | Quit Claim Deed · related | — |
| May 2, 1997 | — | Cove Ocean Front Suite Shelter | White Construction Co | Grant Deed · related | — |
| Jan 29, 1997 | — | White Construction Co INC | White Trust | Quit Claim Deed · related | — |
| May 8, 1989 | — | Fay R Ws|de Vore Joyce M De Visser | Mcbride,clint | Grant Deed · related | — |
| Dec 2, 1985 | — | — | — | Grant Deed · related | — |
| — | — | Shelter Cove Ocn Front Suites | — | Deed Of Trust · related | $2.4M · Avid Commercial LLC |
| — | — | Shelter Cove Ocn Front Suites | — | Deed Of Trust · related | $250k · Umpqua Bank |
| — | — | Cove Ocean Front Suite Shelter | — | Deed Of Trust · related | $65k · Bellamy Trust |
| — | — | Cove Ocean Front Suite Shelter | — | Deed Of Trust · related | $402k · Umpqua Bank |
| — | — | Shelter Cove Suites INC | — | Deed Of Trust · related | $350k · Individual |
| — | — | Shelter Cove Suites INC | — | Deed Of Trust · related | $150k · J W White Trustee |
| — | — | White Trust | — | Deed Of Trust · related | $42k · Bellamy Trust |
| — | — | White Construction Co INC | — | Deed Of Trust · related | $550k · White Trust |
Description
This exceptional coastal hotel, the Inn of the Lost Coast, presents a lucrative investment opportunity. Located at 205 Wave Dr., Shelter Cove, CA 95589, this property boasts stunning ocean views from its clifftop perch. The 20,000+ square foot inn comprises three buildings, constructed in 1968, 1997, and 2007, with extensive renovations completed in 2017. The three-story wood-frame structures offer 18 guest rooms, a luxurious penthouse suite, and a manager's unit. All guest rooms feature balconies or patios with breathtaking ocean views, while suites include added amenities such as kitchenettes, in-room spa tubs, saunas, private decks, and gas fireplaces. Adding to the property's appeal are two leased commercial spaces: a coffee/gift shop and a pizza/bakery, providing additional stable income streams and convenient options for guests. The 21,780 square foot lot is zoned CR (Commercial Recreation). Detailed financial records are available, projecting a 2024 gross income of $819,719 and a net income of $491,831, resulting in a projected capitalization rate of 7.56%. This turnkey operation offers a unique blend of luxury accommodations and consistent revenue generation in a highly desirable coastal location. The property's exceptional location, high-quality amenities, and strong financial performance make it an ideal investment for discerning buyers.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,160,000
- ML approach
- $7,260,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Whitethorn
- County
- Humboldt
- State
- California
- Longitude
- -124.078
- Latitude
- 40.0346
- CBSA code
- 21700
- CBSA name
- EUREKA-ARCATA-FORTUNA, CA MICROPOLITAN STATISTICAL AREA
