245 N 5th StreetJacksonville, OR97530

$2,095,000
1 total units
5460 sq. ft
0.23 acres
Zoning: HC
929 days on market
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Price per ft²$383.70/ft²
Recent price drop$104,000
Price per acre$9.11M/ac
Time on market929 days

Property Description

Rare opportunity to own one of the premier bed and breakfasts in Southern Oregon! Jacksonville's Magnolia Inn, built in 1928 and located in the heart of historic Jacksonville, boasts nine comfortably elegant rooms, each featuring premium linens, private bath, central air and views of lush gardens and historic buildings. This boutique hotel has been in operation for over 20 years, and is rated #1 in Jacksonville by Trip Advisor. Also included is the owners home - an attached 4-bedroom, 2.5-bathroom, kitchen, dining and living room, all of which is complemented by a private spa area, and expansive outdoor kitchen featuring a custom water feature, fire boulder and wisteria covered pergola. The boutique Inn has been completely renovated and provides a unique blend of casual elegance filled with charming hospitality. Just a block away from shopping, restaurants and all of Jacksonville's many amenities! Ready for new owners to continue the rich traditions of this timeless Inn!

Financial Data

Price ChangeDropped $104,000 on 09/02/2022
Total $104,000 drop
Original Price$2,199,000
Current Price$2,095,000
Property Taxes$8,963

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Home Facts

StatusPending
Year Built1928
MLS ID220133317