Select Categories California
Luxury B&B on Unmatched Coastal Site in the Heart of the Monterey BayOnce-in-a-Lifetime Opportunity
$3,095,000Cash Flow: $224,000
Luxury B&B on Unmatched Coastal Site in the Heart of the Monterey BayOnce-in-a-Lifetime Opportunity

Monterey County, CA

This historic Bed and Breakfast Inn is located in the heart of the Monterey Bay only 16 miles north of Monterey and 25 miles south of Santa Cruz. This is an exceptional opportunity to buy a special piece of property on the coast right on a protected wildlife preserve adjoining the Monterey Bay Marine Sanctuary. Due to increasingly restrictive rules, nothing will ever again be built this close to the protected area – this is a truly unique site. The Inn is rated as 4+ stars on many travel sites, including TripAdvisor, for which it earned their Certificate of Excellence award. The Inn has two buildings with a total of 10 luxury guest rooms each with a different theme and decor. The beautiful and fully renovated historical building has four charming guest rooms, a comfortable common area, a bright dining room, and a commercial kitchen. The second building was recently built and has six contemporary rooms, each with an unobstructed 180-degree view of the estuary. The third building has a massage room, garage, and innkeeper’s quarters with full bath on the ground floor. On the second floor there is a completely renovated, beautiful 1000 sq. ft. 3bedroom 2-bath residence with a spectacular ocean view. Normally B&B owner quarters are simply a few rooms in the back of the guestrooms. With this property you are getting a wonderful fully private coastal home AND a great B&B. Alternatively the residence could be a source of longstay rental income. The grounds are attractively landscaped with over 200 succulents and with the wetlands as its backdrop, providing the most serene and romantic atmosphere. The property is the perfect venue for weddings, family reunions, and corporate events. The entire Inn is exquisitely furnished and maintained in first-rate condition. An ABC Type 70 license allows you to serve alcoholic beverages to guests and for events. Revenues and cash flow have been growing steadily, and the Inn is reliably profitable, enjoying a 6.8% cap rate. The business growth outlook is strong. The current owner lives some distance away and is selling to pursue other business ventures. This gives you a once-in-a-lifetime opportunity! Please do not visit the premises or contact employees. All visits must be coordinated by us. Offered at $3,290.000 by Carmel Business Sales.

Become a Premium Member Today!