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)
Daytona Beach Shores. A glimpse of the condo market. There are 256 condominium units for sale in Daytona Beach Shores as of April 1, 2012 starting from $69,900 and going all the way to $1,200,000. 13 condominium units out of 254 are 1 bdr unit starting from $104,900 900 to $229,000. 109 condominiums are 2 bedroom units starting from $69,900 900 and the highest price is $599,900. 127 units are 3 bedroom condos starting from $189,900 to $1,200,000. And there are 7 condominiums with 4 bedrooms starting from $369,900 to  $999,000. I actually do not know how many condominium units are there in Daytona Beach Shores, but with about 2,250 units only in the Oceans, there are probably another 2,250 in all other Daytona Beach Shores. So, 256 condos out of 4,500 condo units 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)
I received a call earlier today from an agent who sells foreclosures. He told me that tomorrow he is putting on MLS a listing on a double unit in Oceanside Inn in Daytona Beach Shores. He always calls me when he gets the notice from the Bank, because I sell more condo-hotels in Oceanside than everybody else combined. This is a double unit on the south side, good view of the pool and the ocean, and exceptional price of $47,900. Look at the list of units in Oceanside Inn. The lowest priced double room on the south side is unit 803 and it is $54,900. This unit was sold at the height of the market in December 2005 for $247,500. It is not a joke. If you move really fast, you can get it for $47K. To those who still believe that the market has not bottomed out yet, here is the news. The prices...
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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 sad story. An older lady owns a condominium unit free and clear. This is a 2 bedr/2 bath direct oceanfront unit with gorgeous vistas of the ocean. Even from the bedrooms. The unit gets on the foreclosure list. The plaintiff is the condo Association. The judgment is a bit over $7K. We can’t believe our eyes. Checking county records, and can’t find any mortgage. Check clerk of the court’s site and can’t find anything there. Asking the manager, no info except that seems like there is no problem with the unit itself. Searching for the phone number of the owner, calling, no answer. Paying for hidden phone numbers, calling, no answer. Sending a letter begging her to call us, no answer. Going to the auction. Many people bidding but they stopped at about $90K. We get into the game, an...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Daytona Beach Shores. March 2012 Daytona is getting ready for summer. Bikers are rolling out, two weeks of  fun, noise and roar of thousands of Harley is practically over, and this starts our real estate hot and passionate season. People think that Bikeweek is a big deal in Real Estate, but it is not. It is the opposite. It is dead as it can be. And same thing during the races. People come with agenda. It is bikes, beer and fun, and it is not real estate. But with the roar of Harley disappearing in the distance, the real estate boom starts. This year it looks like it is going to be a crazy active real estate year. But we still have a few hours remaining on Sunday, and we can enjoy the best weather, nice beach, warm ocean... So, we relax, and enjoy... we will need it all during the busy ...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
I have posted about Oceanside Inn, a premium condo-hotel  in Daytona Beach Shores, on March 9, just 2 days ago. At this moment I knew about a big change for Oceanside Inn, but did not know the details, and, what is even more important, what it means for the owners of condo-hotel units in Oceanside Inn. Several months ago Integra Resorts, owner of commercial units in Oceanside Inn, and who were running the Front Desk operations, have sold their Orlando holdings to Wyndham Resorts. Wyndham did not want to include Oceanside Inn in the purchase. They tried to sell on their own, the price was mentioned, some inquiries were made, some talks took place... the first deal fell apart... I knew of a potential company for this property, and, before going and talking to them, I asked Integra’s CEO w...
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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. 1909 South Atlantic Ave., Daytona Beach Shores, FL 32118 Oceanside Inn in Daytona Beach Shores is on my list of preferred condo-hotels in Daytona Beach area. You run into people here who are genuinely nice and – a big plus - professional. In my opinion this is one of the best conversions from a old rundown hotel to a decent condo-hotel. The company, that runs the Front Desk, owns the first floor commercial space and has vested interest in the success of operations (unless they decide to sell their interest). This is supposed to add stability to the longevity of the condo-hotel. The company is running hotel rentals, they operate the Front Desk, so when you walk in the lobby, these are the people that greet you. The resort is a 9-story building with 191 rooms, everything fr...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Hawaiian Inn Resort. Market Snapshot. Daytona Beach Shores. March 2012 Hawaiian Inn Resort is a popular resort in Daytona Beach Shores. It has been converted to condo-hotel a decade ago and since then enjoyed popularity among both owners and guests. The resort has undergone massive renovation in the last 3 years. Concrete restoration has been completed. The sliding doors, which were not included in the Assessment and were the responsibility of owner, have been installed, and it is a fully functional condo-hotel at this time. Maintenance fee is for now same $450 a month. It can be changed after the Assocation decides on reserves. No pets policy. WiFi available in all rooms and in the lobby. The resort had a series of pricy Special Assessments to complete the project, and I am sure owners...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Towers Grande Condominiums. Daytona Beach Shores. Market Report. February 2012 Towers Grande in Daytona Beach Shores is a 16-story direct oceanfront condominium built in 2004 by DiMucci Development Corporation. There are no residential units on the ground floor, and there is no 13th floor. Regular layout is 10 units per floor on floors 2 to 14. Two 2 bdr/2 bath units per floor, 1,860 sq. ft. Eight 3 bedr units. The largest 3 bedr / 3 baths is 2,378 sq. ft. Only 6 units per floor on 15th and 16th floor. All units there are larger, starting from 2,385 sq. ft. to 4,011 sq. ft 2 units combined). Towers Grande in Daytona Beach Shores is one of just few condo buildings in the area with minimal pet and rental restrictions. Two pets up to 60 pounds each are permitted. Two week minimal rental ma...
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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 on my list of preferred condo-hotels in Daytona Beach area. You run into people here who are genuinely nice and – a big plus - professional. In my opinion this is one of the best examples of conversion from a old rundown hotel to a decent condo-hotel. The company, that runs the Front Desk in Oceanside Inn, owns the first floor commercial space and has vested interest in the success of operations (unless they decide to sell their interest). The company is running hotel rentals, they operate the Front Desk, so when you walk in the lobby, these are the people that greet you. The resort is a 9-story building with 191 rooms, everything from a studio to triple units. The majority of units are double units. Double and triple units you can only buy it as a package, you can only...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Quiet "Winter" morning on the Intracoastal in Daytona Beach Shores We are getting just days away from February, but the temperature is more like in March, and in the last week even the water in the ocean went up from 66F to 68F. It is really comfortably warm, and in the car you need AC. It was 76F on the beach at 6 PM. Absolutely not bad. Of course, we have another month – February – which is considered second coldest month, and the weather can change practically instantly, so the winter is not over yet, but there isn’t much time for “cold” winter left anyway. Interestingly, I start feeling that our seasonal slowdown in real estate is also ending, and the level of activity is going up after the New Year. Which is welcome. We are always ready for that. Come visit Daytona area. It is warm...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Once upon a time there was a listing. Price for this 3 bdr /3 bath oceanview condo in Daytona Beach Shores was very good, and I rushed to call the listing office for the showing instructions. There was a slight hesitation, and then I got the listing agent on the other line. And we know each other. - Jon, it is actually not for sale at this particular moment… I was puzzled. It is on MLS as active, so what is the deal? Well, the seller has a much more expensive piece of property in South Florida, and he is trying to short sell this way over a million-dollar beauty, and until he sells it, this one is not going to go anywhere. - Then why have it active on MLS? - The Seller wants it this way… I did not want to argue that it does not matter what the Seller wants, and that we have our rules on...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Daytona Beach Shores 3 bedroom condos on the ocean start at $190,000. There are only two 3 bdr condos for sale for less than $200K. Not a big number by any stretch. Lowest priced 3 bedroom unit sold in Daytona Beach Shores in 2011 was a unit in Sea Fern ($114,500), but still only 3 units were sold for under $200K. In 2010 there were fewer units sold, but the lowest priced oceanfront unit was $200K. This is not surprising that we see more activity in the 2 bedroom segment, than in 3 bedroom, but the gap is not wide and usually 3 bedroom units are next to start going up. Looking for a condo in Daytona Beach Shores? Call me at 386-405-4408, or shoot me an e-mail.
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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 looking at 2/2 units for sale in all oceanfront buildings in The Oceans in Daytona Beach Shores. Changes from just a few months ago are stunning. The lowest price went up from $110,000 to $174,900. Such a dramatic rise in such a short time during the slowest season in Daytona is remarkable. Total number of 2/2 units for sale is 40 in 11 Oceanfront buildings is really a small number. This is just another striking sign of decreasing inventory, which usually is accompanied by increase in prices. If we look at sales, there were 36 units sold in 2011, starting from $110,000. Out of these 36 units 22 units were sold for less than the lowest price for a 2 bedroom unit today. For comparison, in 2010 there were 31 units sold in The Oceans sand the prices were from $130,000. 2011 started wit...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
This question came from Trulia. I thought that to someone who has not been to Oceanside Inn, it is really not clear what "double unit" means. So, here is the explanation. Oceanside Inn at 1909 South Atlantic Ave., Daytona Beach Shores, FL 32118 was a 192-room hotel. It was completely renovated and converted into condo-hotel in 2002-2004. This is how hotel rooms became condo units. Those that were single rooms (with a kitchenette and a bathroom) are called "studios. They range in size from  406 sf to 543 sf. Maintenance fee for those varies from high 200s to low 300s depending on the size. Some of them were combined and the doors were put between the rooms. Now they can be rented as one unit, or they can be rented separately as two units. Those are from 750 sf to 802 sq. ft. Maintenance ...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
My wonderful out of state client bought a condo in one of the nicest condo buildings in Daytona Beach Shores, and he likes it so much that he tells his friends and relatives about the opportunities. He thinks that the time is right and this makes a lot of sense to buy the most beautiful condos for half of their price. Which makes two of us. He calls me and tells me that he is bringing his relatives to stay with him for a few days and they want to buy a condo like his. Well, they have never been here, so this does sound strange, but they are relatives, so maybe relatives follow each other... They come, we spend 3 days showing condos going to see the units multiple times from early in the morning to late in the evening, and then the whole routine again, and then next day again… There are ...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
My client bought a unit in Oceans Five in Daytona Beach Shores 2 years ago. He bought it for a good price, unit needed some updating, and Jim, a builder himself, did a good job. He was renting it short terms, and, like it is usually in Daytona Beach area, it is challenging. Maybe things changed for Jim, but he called me the other day and said he would like to sell his unit. So, let us see what is happening in Oceans Five in Daytona Beach Shores... There are 3 active for sale units in Oceans Five:   1806 Oceans Five 1977 2 2 1062 $148,900   2006 Oceans Five 1975 2 2 1062 $184,900   1004 Oceans Five 1977 2 2 1171 $179,000 None of them are foreclosure or short sale. The one for $148,900 need updating, but it sold partially furnished. Two others are sold fully furnished. The one for $184,90...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Every week I get calls about condos in Daytona area on the beach, and the first question is whether I can get them information about REO units (owned by the banks) or Short Sales. What puzzles me is that people are not asking about best deals. They are asking about REOs and Short Sales. As if their hobby is to buy only REOs and Short Sales, and any other deals are not good for them.  But we all know that all they are looking for are good deals. They simply assume that REOs and Short Sales are the best deals. Is this true? Let's check it out. There are 35 two bdr/two baths condo units for sale in all those 11 direct oceanfront buildings in the Oceans family in Daytona Beach Shores. Prices start from $148,900 for a 1,062 sf unit in Oceans Five and peak at $369K for a 1,825 unit in newer O...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Perfect evening in Daytona Beach Shores. Air temperature – 83F, water temperature – 83F.  It all changes tomorrow as the first cold front is coming and for the first time in several months night temperature will fall below 70F. They say that on Saturday we will not go higher than 78F, and after high 80s and low 90s for months, it will feel like winter (don't laugh at me, it is all relative...) But today I am enjoying this warm temperature. The water is so perfect, that I did not want to get out of the Ocean. This is the beauty of living in Florida.     There is always room for few good people to join us in Daytona Beach Shores as full time, or vacation owners. The Market can't be better for the Buyers. Just call me 386-405-4408. Search properties 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)
It is time for a market update for Hawaiian Inn in Daytona Beach Shores. Hawaiian Inn, built in 1965, is one of most popular Daytona Beach Shores vacation places, and always enjoyed great loyalty from vacationers. The resort turned condo-hotel in the very end of the 90s. Developer was on a tight budget, and to maintain the property in decent shape, they always had higher than average maintenance fee, but avoided those Special Assessments. But time was taking its toll, and the need for major concrete work was becoming a necessity. And a Special Assessment was unavoidable. The problem was compounded by weakening economy, and there were concerns that non-paying owners cold drag the Association into bankruptcy. Whether a miracle or not, but the fact is that they were able to overcome the to...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
3043 S Atlantic Ave., Daytona Beach Shores, Florida Oceans Three Condominium is one in the family of The Oceans, a popular condominium development in Daytona Beach Shores. Excellent location in Daytona Beach Shores. Shopping Center anchored by Publix is across the street. A rare place in greater Daytona where you can live without a car. Built in 1974, this oceanfront 21-story condo houses 120 two-bedroom/2 baths units. 6 units per floor, units are about 1,200 sq. ft. on average, all have excellent oceanfront exposure and from 4th floor up also a view of the Intracoastal (Halifax River). Outside oceanfront pool, exercise room, social room. On-site association manager. Maintenance fee ranges from $372 to $425, minimum rental -2 months, small pets allowed. There are 7 units for sale starti...
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