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daytona vacation condos: Oceanside Inn. Daytona Beach Shores Premier Condo-Hotel. Summer 2010 - 08/07/10 09:17 PM
It is a busy season in greater Daytona area. South Florida is more a winter vacation area, and we are clearly a summer resort.
I am seeing again plenty of “no vacancy” signs, which I have not seen for quite some time. It is especially busy on weekends.
Oceanside Inn in Daytona Beach Shores is not the exception, and is rather a rule for them. It is good news for the resort, for unit owners. It is a bit difficult for me, as there is hardly a vacant unit to show. Not even those that are actually for sale, but even … (6 comments)
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daytona vacation condos: The Oceans Condos in Daytona Beach Shores - 08/07/10 06:18 PM
The Oceans Complex in Daytona Beach Shores is the largest built in one localtion by one developer in greater Daytona area. 11 buildings out of 16 in the complex are direct oceanfront, and there are 5 buildings, (4 condo-owners associations), which are between the ocean and the river. We will discuss those in another blog.
In 11 direct oceanfront condo buildings we are only looking at 2 bdr/2 baths units, which are the majority of units in these buildings. And we will compare with what was for sale on January 31, 2010, just 6 months ago.
There are 29 active listings in Oceans … (2 comments)
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daytona vacation condos: Ocean Jewels Club. Daytona's Condo-Hotel - 07/27/10 09:55 PM
I have not visited Ocean Jewels Club since January this year. Today I have received the e-mail from the hotel manager, Tim Oliver, and I stopped at Ocean Jewels Club, Daytona Beach Condo-hotel, on my way to the office.
First pleasant surprise, the Lobby is open and I was greeted by a gentleman at the Front Desk. I introduced myself. That’s how I met Tim. Tim Oliver, a hotel manager.
The new company bought the commercial space, which includes Front Desk. They started there in May, and started from scratch. There was no rental management for awhile, and now it … (6 comments)
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daytona vacation condos: Winning By Desire or Losing By Knowledge? - 07/24/10 06:07 PM
Yesterday (and for me it means before I went to bed) I posted Am I In The Wrong Business? It is about a guy who is privately arranging vacation rentals for 20 owners of Ocean Walk Wyndham Resort - Daytona's premier condo-hotel, and to my surprise the comments came agreeing with me. Practically everyone saw it as a great business, and I think it is absolutely could be, provided that we can reach the same occupancy as the hero of that blog.
So, how come we did not see it? What was there that we could not see? We do property management, … (16 comments)
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daytona vacation condos: How Footwear Affects Vision - 06/13/10 11:49 PM
We have a listing. Beautiful 3 bdr/3 bath oceanview condo on the south side of Dimucci Towers Grande in Daytona Beach Shores. Very spacious unit, with two balconies, terrific amenities, and one of the most liberal rent restrictions, making it a great choice for those who plan to rent.
This is a short sale. At $239,000 this is the lowest price for an oceanview 3 bdr unit in the Condominium building. So it is not unusual that I get calls from the agents.
And all of them are asking the same question about our progress with the Lender. They want to … (94 comments)
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daytona vacation condos: Direct Oceanfront One-Bdr Condo in Daytona Beach Shores - 06/13/10 12:15 PM
This is my new listing - direct oceanfront one-bdr condo in Daytona Beach Shores
There are only four condo units on the ground floor of Oceanside Inn, a 191-room premier Daytona Beach Shores direct oceanfront resort converted to a condo-hotel in 2003-2004.
All four ground floor condos are direct oceanfront one-bedroom units. There are several advantages of being on the ground floor:
· 14’-high ceilings
· Your own door right to the beach
· They are hooked to AC system serving first floor and there are not noisy wall AC units
· These units are equipped with full kitchens
Except for … (4 comments)
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daytona vacation condos: Understanding Condo-Hotels In Daytona Beach. Condo-Hotels vs. Condos - 08/14/09 11:57 PM
Understanding Condo-Hotels in Daytona Beach. Condo-Hotels vs. Condos is the first post in a short series of blog posts. If you like the first one and want to read the rest of them, subscribe to the blog.
Condo-Hotels in Daytona Beach area have a high turnover. For several years every time someone walks in our office and asks us to sell their unit, I always ask why people are selling. Every time it is about "idiots on the Board", "stupid rules", etc. Never because the condition of the building. Not surprisingly, condo-hotels are so often misunderstood.
Legally condo-hotels are condominiums. Actually, the term "condo-hotels" is … (2 comments)
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daytona vacation condos: Plaza Resort & Spa in Daytona Beach. Maintenance, Taxes & Insurance... - 07/01/09 01:04 AM
Somehow my posts about The Plaza Resort & Spa got some people confused. I am getting quite a number of requests regarding Plaza Resort, and here are many questions and concerns regarding the Association Fee, Maintenance, Taxes & Insurance.
Q. What is the monthly Maintenance (Association) Fee?A. Maintenance Fee is $528.50 a month. There are condo-hotels in Daytona Beach area with nearly half of that maintenance, and where your rental income is not enough to cover maintenance fee and taxes.
Q. Does it mean that Plaza Resort & Spa with their higher maintenance would cost you money to pay towards maintenance and taxes. A. No, … (0 comments)
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daytona vacation 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 vacation condos: Fountain Beach Resort. - 04/04/09 09:49 PM
It is April already. Time to check on the Fountain Beach Resort - a condo-hotel in the heart of Daytona Beachside.
This oceanfront 6-story condo-hotel is home to 149-room resort right on the Atlantic Ocean. Not much changed in the time that I wrote about it last. The Board made some new rules making life of the condo owners a notch more complicated, which is why the Boards are there, or that is what the owners believe.
Sales pretty much died in the Fountain Beach Resort. They got one foreclosure listed at $34,900. Yes you got it right, $34,900. The most expensive similar unit in the … (2 comments)
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daytona vacation condos: Daytona Beach Condo-Hotels. Understanding The Concept - 01/26/09 11:20 PM
There are 14 Daytona Beach Condo-Hotels. Understanding the Concept guarantees that you are not confusing apples for oranges. Because condo-Hotel is a confusing concept. And like with everything we do not fully understand, we are not comfortable.
Legally, there is no such form of ownership as condo-hotel, they are condominiums. The term condo-hotel is only used to differentiate between the condominiums where you have rental restrictions and condo-hotels with nightly rents like in hotels. Hence the name.
As for the ownership, in condo-hotels, like in apartment condominiums, you own your unit PLUS an undivided interest in the common elements. And as in … (10 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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