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$12,895,000

Est. payment - /mo

New

5920 Highway 1 Elk, CA 95432

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Patrick Fossati

patrick@fossatigrp.com +1(805) 910-0463

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Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

MLS Listing ID C1-11176

HOA Y/N No

Property Sub-Type Hotel/Motel

Property Description

Experience coastal luxury, where every moment unfolds against the majestic backdrop of the Mendocino Coast. The Sacred Rock Inn sits on the edge of the Pacific Ocean in arguably one of the most serene stretches of coastlines in California. The offering features 22 luxurious seaside accommodations spread out over 5 parcels on 2.5+- acres with an eclectic collection of buildings plus 2 private residences, 2 separate restaurants, a lobby/reception with an office and a gift shop, and a detached conservatory (currently set up for yoga and spa treatments). There is also an extensive 'back of the house' network addressing housekeeping, maintenance, and storage needs and a separate lot that could be used for employee, event and overflow parking. A tour of the pristine and manicured grounds of the Inn makes it immediately apparent that no expense was spared in the restoration of this property. Master craftsmen and locally-sourced materials were used to create this magnificent compound that proudly will continue to weather the storms that roll in from the Pacific for years to come. The grounds of property can support larger gatherings for weddings and attract corporate retreats for an on-site working conference combined with nature-based activities. The Inn is closed in preparation for the transition to new ownership. PROPERTY HIGHLIGHTS: 22 unique guest units including a mix of cottages, two-story bungalows, inn units with ocean views and private decks; Fully-restored, turn-key Victorian/Craftsman inn located in the quiet idyll of Elk, which has been named the best small town in America for foodies and wine lovers; Elk is home to the first and only two-Michelin-starred restaurant in Mendocino County and attracts a discerning clientele; This unspoiled and rugged part of California's north coast features rocky promontories and redwoods tumbling down steep hillsides to the ocean; Coastal Mendocino which is recognized for its year-round tourism, events and 'wine, waves and wellness'; Two on-site restaurants - one an upscale dining room; and the second a more casual gastropub; Extensive landscaping with a network of meandering pathways and nooks throughout the gardens, and terraced decking along the bluff top; Meticulously updated and maintained property ensuring limited near-term capital improvements; Rare chance to own a turnkey boutique asset in a supply-constrained market.

Location

State CA

County Mendocino

Area Elk - Elk

Zoning RV 40K

Interior

Heating Propane

Cooling None

Inclusions Fully furnished Inn. Inventories to be provided.

Fireplace No

Appliance Dryer, Washer

Laundry Laundry Room

Exterior

Fence Partial

Utilities Available Electricity Connected, Propane, Other, Water Connected

Waterfront Description Ocean Front,Ocean Side Of Highway

Roof Type Composition

Present Use Commercial

Building

Lot Description Bluff, Landscaped

Dwelling Type Hotel/Motel,Mixed Use

Water Public

Others

Tax ID 1271811200

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://unbranded.youriguide.com/37vi2_5920_ca_1_elk_ca/

Listed by Greg Burke Mendo Sotheby's International Realty (707) 489-7027

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Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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5920 Highway 1 Elk, CA 95432

Patrick Fossati

Key Details

Location

Interior

Exterior

Building

Others

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5920 Highway 1