View of the OceansDaytona Beach Shores is a home to a condo row known as the Oceans. They started in the glorious 70s and at that time were quite a statement for a small quaint place on the Atlantic Ocean.

 

 

They go by the numbers: Oceans One, Oceans Two and so on, skipping Oceans Nine, and it ends in Oceans Ten. All by one developer, Bellemead. In addition to the Oceans from One to Ten, which are all direct oceanfront buildings, there are also two twelve-story Oceans Atrium and Oceans Atrium One, sitting between Oceans Three and Oceans Four.

 

 

Majority of them have already undergone major concrete restoration replacing rusted balconies, some have replaced elevators, and some are in the process of doing it. The buildings, though not new, and far from today's stringent codes, proved to be quite resilient and survived through the hurricane season of 2004 without major problems. Buying there you may reasonably expect that it would cost you to bring it to a sparkling condition.

 

 

Oceans One

Rental restrictions differ and you should not be surprised that the minimum can be 3 months. Yes, you can rent it, but renting 4 times a year will not make you Rockefeller.

 

 

 

 

Oceans One, Oceans Three, Oceans Five, and Oceans Seven are the same architecture. Six units on the floor, zigzagged building provides direct oceanfront from any unit, while allowing for the great views of both the ocean from each unit, and the intracoatal.

 

 

Besides direct oceanfront buildings, the Bellemead Oceans complex (not an official name) includes two 22-story towers of One Oceans West Blvd (two rounded towers on the left, built in 1983, and the last building in the Oceans complex - Oceans Grand. Actually, Oceans Grand was not built by Bellemead, it was built by another developer (Callahan & Sons -developer, Yates - builder). One Oceans West, and Oceans Grand

You can see it in the photo to the left. This was the last high-rise built in Daytona Beach Shores, which has set the height limit to 120 ft (12-stories max), but had to allow the  construction of Oceans Grand, as it was grandfathered.

There are two more buildings farther north. They are 7-story Coverleaf South and Cloverleaf North. Pretty neat concept, with a circular garage in the middle, so that you can get to your floor, and 4 wings. All of those buildings offer breathtaking views of the Ocean and the Intracoastal. Oceans Grand was competed in the spring of 2006. First pre-construction prices for a two-bedroom were about $250K on the 9th floor, then quickly went to $300K, then went up again. The slowing of the market came with the closings, and the developer was lucky enough with the timing.

The building is with 9' ceilings, double doors entryways, large 2 bdr/ 2 bath units with a den starting from 1,649 SF plus a balcony. Granite standard.

The older buildings in the Oceans series are all with 8' ceilings. 2 bdr/2 bath units on the ocean are about 1,200 SF plus a balcony. The exception is the Oceans Four, where units are much larger. Newer buildings in the series are a bit nicer. All buildings in the complex are not really luxury buildings. They are more bare bone type, which is not surprising for older buildings in Florida.

The complex enjoys enviable location. This is a rare place in Daytona area, where you may live without a car. A shopping center anchored by Publix is just across the street (see photo), two drug stores are right there, plus a bank.

Below is the table showing all available for sale units on MLS. It is accurate as of June 24. There was a rush of sales recently and there is a bunch of contingent and pending contracts, and the prices are up from $140K lowest asking a month ago to $159K lowest asking today. Speaking about falling market...

Floor Name Bedr Baths Size Price Price PSF View
21 Oceans One 2 2 1297 $159,000 $122.59 direct oceanfront, penthouse, needs TLC
18 Oceans Five 2 2 1062 $169,900 $159.98 Oceanview/front
5 Oceans Seven 2 2 1200 $175,000 $145.83 Oceanview/front, furnished
16 Oceans Seven 2 2 1200 $179,900 $149.92 Oceanview/front
15 Oceans Five 2 2 1252 $184,900 $147.68 Oceanview/front, furnished
2 Oceans Three 2 2 1028 $188,000 $182.88 Oceanview/front
6 Oceans Two 2 2 1299 $188,900 $145.42 Oceanview/front, designer unit, furnished, storm shutters
10 Oceans One 2 2 1297 $189,900 $146.41 direct oceanfront
12 Oceans Five 2 2 1028 $196,900 $191.54 Oceanview/front
15 Oceans One 2 2 1162 $198,000 $170.40 Oceanview/front
4 Oceans Five 2 2 1112 $199,900 $179.77 Oceanview/front
       

 One of the Oceans Condominiums

 

I checked the 

inventory of condos on the beachside (between the Intracoastal Waterway and the Atlantic Ocean), and it has decreased quite a bit. A year ago or so, there were 1063 condos on the beachside, and today only 831. That's about 20% decrease, which is a very good indication of the changing market. I am watching this process, that started in January, it is steady, so it does not look like a seasonal fluke.

 

You see the photos, and the areal photo below gives you a better idea of the Oceans complex

2 BDR/ 2-BATH UNITS SOLD IN THE OCEANS RECENTLY:

Units sold in the Oceans recently

  Pool at Oceans One Conodminium

 

 

 

 

Atlanntic Ave

 
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6 Comments on The Oceans in Daytona Beach Shores

JUN
25
744,191 Points 72 Featured Posts Localism Sponsor Outside Blog

Jon, if there is a market for year-round rentals, it seems that these would be wonderful investment units.

8:01am • #1
432,448 Points 27 Featured Posts Outside Blog

Patricia - even with the deceased rentals, and they are sharply down from 4 years ago, at these prices you can do well. Vacation rentals could be a better answer for those who want not only to rent out, but to come for a week or more a few times a year themselves. Just rent for key weeks like Bikeweek, Biketoberfest, Race Week, and a few other big events, and you will be able to cover maintenance and taxes (not that much mortgage).

8:52am • #2
JUN
27
419,131 Points 28 Featured Posts Localism Sponsor Outside Blog

Hi Jon: Wow, that direct oceanfront penthouse looks like a spectacular buy. What happened to Ocean #9?

short sale agent sacramento

10:30am • #3
432,448 Points 27 Featured Posts Outside Blog

Elizabeth - good question. Oceans Eight consists of two parts, so, I think initially they were considered to be Eight and Nine, but Nine did not stick. It's weird, though.

The deals are good as at these prices you can use rentals to offset the expenses. Vacation rentals will be the best, as not only they will bring practically the same money, as long term rentals, if not better, but also because the owners can come and use it for themselves.

2:57pm • #4
JUN
28

I like the way you put this together.  I'm going to do a similar one for Lake Norman.

6:56am • #5
432,448 Points 27 Featured Posts Outside Blog

Wendy - Glad you like it. I will check your blog about lake Norman

10:23am • #6

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Jon Zolsky, your Daytona Beach, Florida connection

Daytona Beach, FL

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Jon Zolsky, Daytona Beach, FL. FunCoast Realty, 386-405-4408

Address: 313 S Atlantic Ave., Suite A, Daytona Beach, FL, 32118

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