Daytona Beach Shores, FL Real Estate News

By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
My clients came to see this three-bedroom/three baths direct oceanfront unit in Bella Vista in Daytona Beach Shores. The view is excellent, view east to the ocean and north, making it a panoramic spectacular view. Unit is in perfect condition. They liked the unit. The question is: «Isn't it overpriced?» I know why the question came. Just yesterday another unit, just next to it (not direct oceanfront) was closed for just under $400K. So, is it overpriced? There are 7 units for sale in Bella Vista and this particular unit for $421 is the least expensive unit. Next unit just one floor higher is $488,900. No, it is not overpriced. When there are several units for sale in Bella Vista, and this one is the  least expensive, it is not overpriced. What "overpriced" means? Only that in this marke...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
This is a story from the peak of the market, but with the first signs of slowing market. We were negotiating a condo unit in Bella Vista in Daytona Beach Shores. Developer was a straightforward guy, and it was a pleasure to negotiate, no tricks, arm twisting, and all that. This somehow sent a wrong signal to the Buyer, who came with demands, and with every demand answered, now wanted more and more... and when everything he wanted was met, he demanded another discount and the developer said «No». So, the buyer walked away. The pasture was not green enough... I was frustrated but this was life. It happened to all of us. Few days later the unit went «Pending» in the MLS and I tried to forget about the whole thing that left a sour taste in my mouth. And I forgot about it, until a few weeks ...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
St. Kitts Condominiums. 2855 S Atlatic Ave, Daytona Beach Shores, FL 32118 St. Kitts is one of the condominium buildings in Costa Bella collection by Cook Development. Other condominiums in the series are Marbella, Bella Vista, and Palma Bella. All of them are in Daytona Beach Shores. Located at 2855 S Atlantic Ave in Daytona Beach Shores, St. Kitts, built in 2004, is the first and at 6 storeys and 24 units - the smallest building in Costa Bella collection (Marbella also has 24 units, but it is a 7-storey building). St. Kitts is the last condo on the north side of the Oceans condo complex. North of it there is over half a mile of beachfront single family homes. St. Kitts is an L-shaped building with the unit counts going counterclockwise, with units 1, 2 and 3 being direct oceanfront, a...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Bella Vista Condominiums in Daytona Beach Shores. Bella Vista is one of not many condos built after the Hurricanes of 2004. By the time it was complete in 2007, the market was already softening, and they had quite a few scared buyers, who opted to lose their 15% deposit and not close. But the developer – Cook Development – were still lucky, they were able to sell the remaining unsold unit at minimum discount and get out of there before the market hit the bottom (if we assume that it already hit the bottom). All these newer condos are beautiful, and there is no comparison to older condominium buildings in the area. If the market would have stayed high for another 3 years, we would have one of the most beautiful condos dotting the shoreline. I have seen the designs, and they were so nice....
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Bella Vista Condominiums in Daytona Beach Shores. Bella Vista, built in 2007, is one of planned 5 in Costa Bella collection of fine condos by Cook Development company (3 were built so far). By the time Bella Vista was complete in 2007, the market was already softening, but the was still lucky, they were able to sell the remaining unsold units. These newer condos are beautiful, and there is no comparison to older condominium buildings in the area. The really brought luxury to Daytona Beach area. Bella Vista starts fro the beautiful lobby and magnificent hallways. There is a large size beautiful oceanfront pool, state-of-the-art gym, beautiful social room, kitchen, pool table... All units are 3-bedroom / 3 baths. Units are large, the smallest is 2,070 sf and the largest is 2,536. There ar...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
One of the nicest condos in Daytona Beach Shores is Bella Vista. I was showing a 3-bedroom unit there a couple of days ago, and could not resist the temptation to take the photo from the balcony. Imagine living in this building, and getting in the morning the rising sun, and watch the ocean change as the sun goes up and then down. Never boring. Always beautiful. Call me if this view is what you would like to see from your balcony. Search condos in Bella Vista in Daytona Beach Shores
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Bella Vista Condominiums. 2515 S Atlantic Ave., Daytona Beach Shores, FL 32118. My last Market report about Bella Vista in Daytona Beach Shores was in April. But things change quite fast lately, so here is the update for May 2012. Bella Vista doesn’t really need introduction to anyone in the area. If you drive along Atlantic Ave in Daytona Beach Shores, you can’t  miss this magnificent 100-unit condominium building on the ocean. It starts from a magnificent lobby and hallways. Their oceanfront pool is long and gorgeous… The amenities also include a state-of-the-art gym, beautiful social room, kitchen, pool table... Units are 3-bedroom / 3 baths. The smallest is 2,070 sf and the largest is 2,536. There are built-in electric grills on extra large tiled balconies. Association dues start fr...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
My clients bought a condo unit in Bella Vista in Daytona Beach Shores for a very good price. They still have money and are thinking of investing, but are very particular about the buildings. It has to be a nice one, and nice one by their standards. When in 2 months the listing agent called me about the short sale he had there and said that the bank agreed to a very significantly reduced priced (by $100K), I sent my clients an e-mail suggesting that they buy this unit, and then resell for a nice profit. They ask questions. They need to know what it was initially purchased for, what they were selling for, and so on and so forth. However, the most important fact that this is the second lowest price in this building ever eludes them. That it was bought for $693,550 and is now for sale for $...
Comments 55
By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
My May Market report about Bella Vista in Daytona Beach Shores had 4 units for sale. One month later there are only 3 units for sale on MLS. For a building with 100 units it is a very low number. In "normal" market there should be on average 7 units for sale, give or take... And when there are fewer units on the market, the prices are generally higher... It is the same old supply and demand thing. Yes, the demand is still soft, but the supply is very low. And it results in higher prices. Not by much yet, but higher.   Bella Vista Condominiums, built in 2007, is a beautiful luxury condo built by Cook Development. Designed by Charlan & Associates, an architectural firm of Orlando, the condominium building is one of the most luxurious in Daytona Beach Area. All units are 3-bedroom / 3 bath...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
- I am not in a rush. I have time... I heard it twice from my customers in the last couple of days. It is fascinating how time changes the way I respond. It is 2012, and my answer is that time is unaffordable luxury. Oh, no. They tell me that I do not understand. They are looking for a great price, and can wait for a terrific foreclosure or some other deal. They do not have to buy right now. Oh yes, I understand it. And when we are talking about beachside condos, the worst deal today may be the best deal tomorrow. The only luxury that our buyers do not have today is time. They had plenty of it yesterday, but not today. Not with beachside condos... Here is a real story. 4-5 months ago there was a 3-bedroom condo in Bella Vista in Daytona Beach Shores. Unit 610. Short sale, the Bank was w...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Bella Vista Condominiums 2515 S Atlantic Ave. Daytona Beach Shores, FL 32118 Bella Vista, built in 2007, is one of condominium buildings in Mediterranean-style Costa Bella collection by Cook Development Company. Designed by Charlan & Associates from Orlando (David Portwood, architect), the condominium building is one of the most luxurious in Daytona Beach area.  Bella Vista greets you with a beautiful lobby and magnificent hallways. There is a large size (80') oceanfront pool, state-of-the-art gym, beautiful social room, kitchen, pool table... Underground garage with one reserved space and ample additional parking, outside corridor system, secured entry, on-site association manager, excellent maintenance team. 100 units in the 11-storey building, 10 units per floor. All units are 3-bedr...
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By Jon Zolsky, your Daytona Condo Agent
(FunCoast Realty 386-405-4408)
Oceans Six 2967 S Atlantic Ave. Daytona Beach Shores, FL 32118 Oceans Six is one of the later built condos in the Oceans family. Built in 1993. Developed by Bellemead Corp. The line of oceanfront condo buildings stretches for half a mile. On the north end there is another half mile of single family residential oceanfront homes, so, there is a mile stretch with no hotels/motels. Across from the condo is a Shopping Plaza, anchored by Publix. They actually demolished the Publix we had, and are building a new one on the same place, so while it is a small inconvenience now, we will soon have it back. There is also a bank, a drug store... A rare place in Daytona Beach area, where you can live without a car. 16-storey U-shape building, 120 units,  8 units per floor, four 2-bedrooms/ 2 baths. A...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
A condo in Oceans Grand in Daytona Beach Shores. 2 showings in one day. The first couple walks in, looks at the unit, checks the view, asks a few questions, and then the lady asks to show her the indoor pool. Sorry, there is no indoor pool in Oceans Grand. The Buyers are upset.  Turns out they told their agent that they were coming only in winter and indoor pool was an absolute must. The agent keeps a leather face. She has no clue. She thought that all condos have indoor pools. She has a list of condos she lined up for showing, and, probably, none of those have the indoor pool. She never sold a condo before, and looks like she is not breaking her record today. Buyers are way more knowledgeable than the agent. Second couple walked in already pissed off, because they told the agent they o...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Oceanside Inn is a 191-unit condo-hotel in Daytona Beach Shores. It may not be the best condo-hotel in terms of occupancy or the amount of rentals – Ocean Walk and Plaza would beat Oceanside Inn, and, probably, Daytona Beach Resort & Conference Center might be the same or slightly ahead, but the reason I call it this way is because it has what a modest Daytona condo-hotel should have, and no fancy extras, which cost owners money, but hardly bring any income. The resort is clean, smells good, toilets in the lobby are nice and clean (and this is how my wife is getting her first impression of any property she goes to). They have one outdoor pool. No indoor pool, but outdoor pool is heated. Continental breakfast for guests in the morning... They have conference room enough to house small gr...
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By Jon Zolsky, your Daytona Condo Agent
(FunCoast Realty 386-405-4408)
It is the time when we look at how the market was in 2013 and trying to predict the condo market in Daytona Beach Shores for 2014. But first ler's look at the numbers: At a glance, anything from these numbers? I think yes. The numbers for 2012 and 2013 are very close. But it is not stagnation. The condo market, which was sort of in free fall for several years, shows signs of stability. And this feeling is deceptive. I believe this is a time when two trends exist at the same time. Some properties are priced low as the inertia of bad market makes people do it, and some went up, as people start noticing the change. And it is easy to see if you look at the stats. One-bedroom units on the market start significantly higher than sales in 2012 and 2013. With all the fluctuations and knowing tha...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
What happened in Castaways Beach Resort in the last several months is very symptomatic, and sets some guidelines for all 5 condo-hotels in the City of Daytona Beach Shores, Daytona's southern neighbor. Group of owners attempted to change the use from condo-hotel with a Front Desk and daily rentals to residential condominiums, with only long-term rentals, and allowing use as primary residence for the owners, who wanted it. Castaways always allowed homestead. When buyers insisted on something very inexpensive right on the ocean, where they could live, we used to suggest Castaways Beach Resort. Boy, were we wrong... When a group of owners decided to convert to residential condos, it was not met peacefully. Not by some other owners, not by the City. It turned into a war ... To learn what ha...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Oceanside Inn is a premier 191-room condo-hotel in Daytona Beach Shores. There are 17 units for sale on MLS in Oceanside Inn as of today. From March to July 2013 only 2 units sold (in one we represented the Buyer). Same period of 2012 – 11 units sold. Is it unusual? For example, in 2011 there were 4 units sold in the same period. If you look at the number of condo-hotel units sold in the area in the same period in 2012 and 2013, you will see that 2012 is slower. However prices are higher than where they were in Oceanside Inn a year ago, and, especially, 2-3 years ago. Same is pretty much true for condo-hotel units in other resorts in the area.   Follow the link to read more 
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Royal Atlantic Condominium 3743 S Atlantic Ave, Daytona Beach Shores, FL 32118 Direct Oceanfront Penthouse 2 bedroom/2 bath completely renovated condo. Panoramic views to die for. Very stylish, contemporary unit with super cool bathrooms, dream kitchen with white Quartz countertops, modern lighting… One of the nicest condos on the market at a very reasonable price. $329,900 Yes, this is now. When we bought it for the investor a little less than a year ago, it was very different. We ended up gutting the whole unit and even had to replace the drywall on the walls to make them straight. We did not have a GC, and learned what it means to deal with workers in Florida. But we had enough brain to bring in an excellent professional interior designer. We learned a lot. Our investor loves it, and...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
I usually take my long walks on the beach in the evening, when the sun is low, and UV exposure is at a minimum. But today I went to the beach at 9 in the morning, as in the evening we are eating out with the family celebrating Mother’s Day. The park in Daytona Beach Shores where I go was still not packed, and I had no problem parking the car. The weather is what you can dream of: low 80s, slight ocean breeze, light clouds covering the sun to give rest to our skin… As I was making my circles, the beach was getting less and less deserted. People were coming, putting tents, chairs, umbrellas, fishermen were setting their lines, kids were playing in the water and in the sand, and a bunch of old timers were walking and jogging. There was a funny group of couples coming to the beach and walki...
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By Jon Zolsky, your Daytona Condo Agent
(FunCoast Realty 386-405-4408)
Bella Vista Condominiums, built in 2007, is one of the most luxurious and beautiful condominiums not only in Daytona Beach Shores, but in the whole area. One of the 5 in the so called Costa Bella collection (3 out of 5 were completed) by Cook Development. This was one of the condos came with the wave of the high prices of the hot market. We all learned that market could cool down. The new reality that we need to learn now is that they also can heat up. Actually, what we call normal market are those short periods of time between the swings of the pendulum. And nobody knows when and how high they will go. But years and years of slump made some people think that it never ends. And the thought that they might pay more today for a condo than a year or two ago is unnerving to some. Lately I h...
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