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plaza daytona: How Many Units Are For Sale in Plaza Resort & Spa in Daytona Beach? - 02/02/12 09:45 PM
Plaza Resort & Spa, the premier Daytona Beach condo-hotel, is awake from the sleepy winter. A week ago there were 25 units for sale, and today only 22. The inventory is decreasing, but the prices have gone down as they always do in the slowest time of the year. They will slowly rise, expecially in summer.
Summer is when we have seasonal real estate boom in Daytona Beach Area.
So, there are 22 units for sale in MLS in Plaza Resort & Spa in Daytona Beach. Well, this is what MLS says. In reality there is 21 unit.
Unit 506, … (0 comments)
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plaza daytona: Plaza Resort & Spa in Daytona Beach. September 2011 - 09/11/11 11:29 PM
I have not been writing about Plaza Resort & Spa, a premier condo-hotel in Daytona Beach, for quite some time. It is time to revisit it and look at what is happening in the market.
Plaza Resort & Spa is one of the oldest condo-hotels (with only Hawaiian Inn being 4 years older), but it is one of the nicest resorts in the area, a higher end property and it is reflected in the overall ambience and in higher rates and higher occupancy.
The developer accumulated a lot of oceanfront properties, both hotels and vacant land, but Plaza Resort & Spa … (13 comments)
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plaza daytona: The Plaza Resort & Spa in Daytona Beach. June 2011 Market Snapshot - 06/12/11 10:49 PM
While I still see people waiting for better deals in The Plaza Resort & Spa in Daytona Beach, I can’t help thinking how resilient they are and how strong their belief in the falling market is. Not that they do not believe me when I am telling them that the prices in the Plaza Resort & Spa are inching up, they keep sticking me newspapers with predictions of another price fallout.
Let’s see what is really happening with prices in the Plaza Resort & Spa. Let’s look 18 months back, at January 9, 2011. In my blog Plaza Resort & … (1 comments)
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plaza daytona: Plaza Resort & Spa in Daytona Beach. April 2011 - 04/28/11 06:51 AM
We often see fluctuation in the market, and it is important to tell a trend from a fluke. I was surprised a couple of weeks ago to notice a few units popping up in The Plaza Resort and Spa, a premier condo-hotel in Daytona Beach, for very low price. It looked as if the second wave of those crazy deals was coming back.
We put 2 out of three those units under contract, and I was curious whether that was to continue. It did not. The prices are still getting higher in The Plaza, prompting some of my clients to start playing with the idea … (7 comments)
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plaza daytona: Plaza Resort in Daytona Beach. Signs of Revival - 04/07/11 12:39 AM
I have not visited Plaza Resort & Spa, a premier condo-hotel in Daytona Beach, for some time, and the changes are very noticeable. No, not with the building, not with their gorgeous lobby, not with the units...
It is the price. Today's price starts from $59K for a city view unit. Wow, this is back to about 2 years ago, before the avalanche of foreclosures and short sales have driven the priced quite low. The lowest price for a studio (and, by the way, with some ocean view) was $20,500 (we represented the buyer). Now a city view is for sale … (10 comments)
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plaza daytona: Why Are the Prices All Over? - 01/13/11 01:16 AM
Here's the e-mail I received.
Jon,
Thank you for the link to IDX, I appreciate that. I am looking at the Plaza Resort and prices for oceanfront studios are all over the board.
unit 331- $69,500 unit 334 - $98,750 unit 636 - $189,000 unit 734 - $272,000 unit 831 - $359,900
Does the higher floor justify 5 times difference? Thanks,Jerry
What an excellent question.
In 2005 when developer started selling units in Plaza Resort & Spa in Daytona Beach, the price was based on:
1. view (city, ocean view, and oceanfront), 2. size, 3. floor, where the higher you … (7 comments)
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plaza daytona: Plaza Resort & Spa in Daytona Beach - 12/17/10 11:27 PM
Plaza Resort & Spa is #2 on my list of condo-hotels in Daytona Beach area only behind Ocean Walk Wyndham Resort.
I have not posted about it for quite some time, so here it goes.
Surprise or not surprise, but there are only 27 units left for sale in the resort. Considering that a year and a half ago we had 52-56 units for sale in the Plaza Resort & Spa at all times, the inventory today is only half of what it used to be.
Call us if you have questions about condo-hotels, and not only condo-hotels in Daytona Beach … (4 comments)
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plaza daytona: Stopping The Foreclosure Auction Is Like Stopping the Locomotive. Need Time To Apply Breaks - 03/25/10 07:24 PM
Stopping the foreclosure Auction is like Stopping the Locomotive. Need Time To Apply Breaks
On Tuesday I was checking foreclosure auctions at the court house scheduled for March 26. And I see 2 units coming in Plaza Resort & Spa, Daytona's premier condo-hotel. One is listed for just under $100K.
I spoke to the investor, who can move very fast. He said he would buy. I know the agent, so I am calling her. Does she know that the unit is for the auction? Yep. It is actually not any longer for the auction. She bought it.
Wow, something new for me, buying a short … (2 comments)
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plaza daytona: Changes in Plaza Resort & Spa - Daytona Beach Condo-Hotel - 02/19/10 07:40 PM
We have not visited the Plaza Resort & Spa for some time. So, what happened in the Plaza Resort & Spa in Daytona Beach since we visited it last?
Well, there are quite some changes. Plaza Resort & Spa is a condo-hotel, and it has the condoowners Association. There was an annual meeting of the Association. As I wrote before, this is the Developer's association. They do not run monthly meetings, and they, pretty much do what any hotel would do.
At this annual meeting there was the budget to vote for, and they did. What everyone was waiting for was … (0 comments)
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plaza daytona: Plaza Resort & Spa in Daytona Beach. Market Snapshot - 01/09/10 09:07 PM
Plaza Resort & Spa in Daytona Beach. I wrote extensively on this condo-hotel resort.
There are 33 active listings in this Daytona Beach premier condo-hotel resort right now, and there were 26 sales in 2009. This number in both categories is much higher than in any other condo-hotel in the area. The table below will give you the idea of today's asking prices. I simply want to note that we commonly distinguish between Oceanfront (East exposure), Oceanview (North & South exposure), and City View (West exposure).
No wonder, oceanfront is on average fetches more money and City View is the least … (4 comments)
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plaza daytona: Buying a Condo-Hotel in Daytona Beach. Real Life No-Nonsense Scenario - 08/02/08 11:04 PM
Buying a Condo-Hotel in Daytona Beach. Real Life No-Nonsense Scenario
I was showing a studio unit in the Plaza Resort & Spa to a couple form Orlando. I met with James before, and I e-mailed him. He is down to earth no-nonsense small business owner with a good sense of humor. A day after showing I sent him and e-mail and below is the actual e-mail communication with James (name changed), practically unedited. Why do I do that? I thought that the best blog would be a real situation and a real case study, and this is the real one. We are … (4 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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