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daytona beach condos: Condo Living or How To Save A Penny and Lose a Shirt... and Pants - 03/26/12 05:46 PM
It used to be that if condo owners in Florida did not have their own insurance policy, the association would buy it and them pass the cost to the condo owner. The law was changed in 2010, and now the Association can’t force the condo owner to have insurance of the inside of the condo.
The way the law is written, it implicitly requires the insurance, but nowhere in SB 1196 it says that the owner has to have individual insurance policy.
Not that the owners shouldn’t, it is always a good idea to have, but it isn’t mandatory.
Why? … (10 comments)
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daytona beach condos: Oceans Six Condominium in Daytona Beach Shores - 05/04/11 01:53 AM
Oceans Six is one of newer Oceans buildings in Daytona Beach Shores. This direct oceanfront U-shaped 17 story 120-unit condominium was built in 1993, which means that it has sprinkler system, as they became mandatory, I think, in 1988. One outdoor and one indoor pool. Social room, exercise room, sauna, on-site property manager representing the Association.
No units on the ground level, 8 units per floor, split evenly between 2 bdr and 3 bdr units. Outside corridor system. Building is in great shape, clean and well maintained. Underground parking. 2 bdr units are 1,540 sf, and 3-bdr units are 1,668.Larger than … (6 comments)
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daytona beach condos: Opus Condominium at a Glance - 04/24/11 10:41 PM
This direct oceanfront 11-story condo in Daytona Beach Shores is the latest (and for now last) condominium development in Daytona Beach Shores and in greater Daytona area.
The condo project changed hands after it was built, the name has changed from Islamorada to Opus Condominium, and the sales started just recently.
Here are some facts about Opus Condominium.
Location: 2071 S Atlantic Ave., Daytona Beach Shores, FL 32118
Units: 53
5 units per floor.
2 units (model C and D) are 3/3 direct oceanfront. 1,951 sq. ft. Association fee $430 a month.
Units B and E are 3/2 oceanview … (2 comments)
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daytona beach condos: How Much Does it Cost to Become an Instant Guru? - 01/11/11 03:15 AM
We have a listing in Marina Grande on the Halifax in Daytona Beach Area. It is a short sale. 2 bdr/2 baths unit on the 14th floor was bought in 2007 for $490K. The 25-story tower with 243 units in one and 486 condos in 2 out of 4 built.
It’s been in the works for a long time and had its ups and downs. Already 2 BPOs and one appraisal have been done, case opened, closed, reopened… On Friday comes a phone call. The guy needs to do BPO and is asking about access to the property.
No, no … (12 comments)
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daytona beach condos: New Condo Name in Daytona Beach Shores - 12/26/10 11:52 PM
Actually, this is a new name but not a new Condominium Building in Daytona Beach Area. Recently Islamorada Condominiums in Daytona Beach Shores were sold to Canadian Investors, and they are changing the name to Opus.
The investors bought it for about $12 Mil, which is half what the original developers Jim Mack and Alan Koch owned to Wachovia Bank.
Exit Realty of Daytona will be handling sales. Prices start from low $200s and as of now I do not know how high they will go. Hope the sales will be brisk. Hate seeing an empty brand new building right … (4 comments)
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daytona beach condos: 2 bdr/2 baths Plus Den in Oceans Grand condominium in Daytona Beach Shores - 10/04/10 03:10 PM
Very spacious condo unit with a den on the 10th floor in Oceans Grand. Gorgeous vistas of both the Intracoastal with its breathtaking sunsets, and Atlantic Ocean.
9' ceilings, double entry, granite countertops, AC units are separately accessed from the hallway, making it very quiet. Both bedrooms and the Living room have views of the intracoastal and the ocean.
Oceans Grand is surrounded by par 3 executive Golf Course. Racquet club is next to the building, and it is only 4-5- minute walk to the Ocean across Atlantic Ave.
You do not need a car living in Oceans Grand. The shopping … (1 comments)
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daytona beach condos: Better Buy. Divorce Would Cost More... - 08/19/10 03:43 AM
We were working with a buyer, who put a $470K offer on a Penthouse condo in Towers Grande in Daytona Beach Shores listed for $499K, which at one time (in 2006) was listed for $1,950,000. Very low offer, but the Buyer thinks that he can do whatever he wants, and everyone would agree. Well, if it does not work (pretty much expected), the buyer will learn to trust us more and will be more reasonable.
When the initial contract expired, the Buyer did not extend the contract and left the area. That happens. The Seller decided to change the horses, and … (30 comments)
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daytona beach condos: Fresh Bandage On Amputated Leg - 08/03/10 11:23 PM
We all use the terms“Sellers’ market” and “Buyers’ Market”, as if it is like walking from one room into another. This one was Sellers’ market” and this one is “Buyers’ market”.
It is like thinking that there is only day and night, while there is also morning, which is a transition from night do day, and evening, which is a transition from day to night.
Buyers’ and Sellers’ markets have plenty of shades. The Buyer’s market begins when the Sellers are sure that this is the best time to sell, but somehow their home stumble on the way to the contract, … (52 comments)
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daytona beach condos: Update on Marina Grande on the Halifax in Holly Hill - 05/19/10 11:33 PM
Marina Grande on the Halifax, this magnificent project with 2 completed 25-story towers is still pretty much a ghost place with very few owners (64 in two) and a few rentals…
The Lender is still trying to clear the legal mess, so that they can start selling the units and start bringing owners who would pay the Association dues.
I think it is already 2 years since Boca Developers returned the property for Lenders. Initially they had several people sales force on the property and no sales. Then they reduced the sales force to two agents and no sales.
Now there … (10 comments)
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daytona beach condos: For Another $100,000 I Will Clean It Myself... - 04/26/10 05:28 PM
A walk through a few days ago before closing. The Sellers are in terrible distress. They are losing money, they are losing hope. Husband is working practically around the clock, his wife is also working. Moving is a disaster, the sofa is so long, that they could not fit it in their rental small condo, and they are running with it trying to figure what to do. We are trying to help, as she is near a nervous breakdown. We gave them the keys from our storage, help with furniture and other stuff... But it is tense... They finished cleaning in the … (74 comments)
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daytona beach condos: Oceans Grand Condominium in Daytona Beach Shores - 04/06/10 11:59 PM
Oceans Grand Condominium in Daytona Beach Shores
Built in 2005, Oceans Grand avoided fully or partially the fate of their later counterpart, like Marina Grande on the Halifax. Yes, it is a real estate bubble baby, but Oceans Grand skipped the biggest danger - units not being sold. Not only they have been able to sell all the units, they never discounted them, and, actually were selling with at least two increases after the initial price. And after that the units went on a still strong market and there were a few good resales, before the market tumbled down.
Started in 2003 with … (4 comments)
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daytona beach condos: If I Find It, I would Buy It Myself - 06/06/09 12:54 AM
We submitted an offer for a condo. Short sale. Asking price was $150K, my client wrote the offer for $136K, the Lender came back with $5K more than asking. The whole thing made my clients very uneasy, they thought that it was deceptive, wanted the answer in writing, thought that everyone was avoiding a paper trail.
The lender would not give this in writing, and as not the party to the transaction, they are not obligated (at least for now), they wanted that the Listing agent does it in writing, and, of course, the listing agent had no trouble to do it … (8 comments)
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daytona beach condos: Marina Grande is Still On Hold - 05/04/09 01:19 AM
Marina Grande On The Halifax, a magnificent development that outpaced the local economy and overestimated the absorption capacity of our market, is standing gorgeously tall with its two 25-story towers.
As I wrote before, Boca Developers turned the property to Momentis Property Group, as the company buckled under the debt.
Timing was not perfect, and lawsuits from the Buyers, who were trying to get out and save their deposits hurt the developer. Tied in the court for practically a year, there were 89 cases. As I heard, the lawsuit is over, and people actually got their deposits back. It was a … (0 comments)
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daytona beach condos: A Deal Is A Deal. No Bailouts. Wow! - 03/29/09 01:42 PM
In recent years in Florida the condo market was going up faster than mushrooms. It quickly became the fastest growing investor market with the share of investors in a project getting to all-time dangerous 75% and up. At these numbers any change in the market could render these huge beautiful developments simply ghost places. Of, course, everyone was saying that this could not happen, as we know now, is sort of a prayer, not the reality.
So, when the market sent sour, the "buyers", who figured that not only they now would not be able to sell it for $100K+ more, but … (11 comments)
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daytona beach condos: Corporate Freaggin Culture ... Or Lack Thereoff - 03/25/09 12:31 PM
I am an immigrant, came to the country too late to climb the corporate ladder, and this part of American life is unknown to me. Any experience I have with corporations is as a customer.
I recently posted about Marina Grande on the Halifax condominium development in Daytona Beach area. The original developer - one of the largest Florida luxury condo builders - is returning the projects to Lenders. 5 projects have been returned so far in the South Florida, and Marina Grande on the Halifax is another one, that has changed hands.
The new owner - The Momentis Property Group got the two constructed and completed 25-story … (9 comments)
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daytona beach condos: If I Were John Rockefeller... - 03/13/09 06:12 PM
We are really in a market full of surprises.
I remember when Boca Developers started marketing their exclusive 972-unit condo development Marina Grande on the Halifax, their sales people were absolutely confident in their company's financial strength to the point of being cocky .
Located on the west side of Intracoastal by Seabreeze bridge, it offered terrific vistas, and the lure of the luxury and comfort never seen before in the area dotted with small commercial, little cottages, mobile homes. These 25 towers came from out of this world. They were supposed to represennt the best in living, a lifestyle destination, a catalyst for … (9 comments)
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daytona beach condos: Before You Buy A Condo. - 03/07/09 09:33 AM
If I tell you that you are in great danger of dying in fire in a high-rise condominium building, do not jump up in horror. You are in even greater danger of dying from fire at home than anywhere else, including hotels, offices and public buildings. The truth is that residences "have by far the greatest risk of fire death, with nearly 80% of fire fatalities occurring at home".
So, homes are first, and second are high rise buildings wihtout fire sprinkler system.
When you drive Atlantic Avenue from Ormond Beach through Daytona Beach, and Daytona Beach Shores, you will be passing high-rise condominiums. They started dotting the … (4 comments)
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daytona beach condos: How To Dream Smart In Paradise - 02/28/09 05:09 PM
This is the second part of If Not In Florida - Why Live? If Not In Heaven - Why Die?. The first is a dream in Paradise, this should be more about how to dream right, if I can say it this wait. The third part will be for frequent fliers or frequent drivers to paradise, otherwise called owners of vacation properties in paradise.
So, let's start from the very beginning: every American on the East Cost, Midwest, and up to California dreams about Florida. Sometimes, even if he/she is in California, however, Californians usually dream about Hawaii... but this is … (7 comments)
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daytona beach condos: Silent Condo Killer - 02/21/09 09:48 PM
I was showing units in luxury oceanfront new condominium buildings in Daytona Beach Shores. My client was thinking about upgrading from a not so luxury new direct oceanfront condo to a nicer and better built one. There is no doubt that the difference is obvious. The building, the amenities, the units, everything was there to impress. Unfortunately, along with the maintenance fee.
In Bella Vista it was $576 per month for a 3 bdr/3 baths unit, in Palma Bella - $625, in Ocean Villas it was just short of $700 a month. It is practically double from what they were initially just … (9 comments)
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daytona beach condos: Moving Florida to California - 01/07/09 11:55 AM
I remember that story, that was part of those Russian jokes about drunkards. The guy is on his knees under the street pole. A passerby ask him what he was looking for, then joins in search of the wristwatch. After some fruitless attempts the passerby asked the drunk guy if he remembered the exact place he lost it. "Sure, it was around the block"
-why then you are looking for it here?-there is no light there.
Similar things happen to buyers in Real Estate when they are perfectly sober.
Paradise Resort, a condo-hotel next to our office was selling units after undergoing … (6 comments)
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Jon Zolsky, your Daytona Beach, Florida connection
Daytona Beach,
FL
More about me…
Jon Zolsky, Daytona Beach, FL. FunCoast Realty, 386-405-4408
Address: 313 S Atlantic Ave., Suite A, Daytona Beach, FL, 32118
Office Phone: (386) 255-5355
Cell Phone: (386) 405-4408
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