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Plaza Resort & Spa in Daytona Beach... 4th of July Weekend

By Jon Zolsky, Daytona Beach, FL

Real Estate Broker/Owner with Daytona Condo Realty, 386-405-4408

July 04, 2009 01:08 PM

Plaza Reaort & Spa is the Premiere Condo-Hotel Resort in Daytona Beach.

An Orlando couple walked in my office yesterday off a Marquee sign in front of the resort saying "Condos For Sale From $50K". So, I took them to one of the units in Fountain Beach Resort, were my office is, and they were unimpressed. They asked me whether I could show them anything that would impress them.

Sure.

I suggested that we go and look at Plaza, and I told them that I could not guarantee I culd be able to show them the units, but at least they would get the idea of the resort in general.

They wanted to follow me in their car, but I insisted they go with me as on Friday before 4th of July weekend, finding parking could be a challenge.

I know where to find parking, and there was just one space left. Lucky us. We got in and the first thing my party said was "wow". I left them "wowing" and went to see if I could get the keys from Ashley Brannan, Owner Relations Manager, a liaison for Real Estate agents, who want to show units, as the Front Desk would not give keys to agents. Which means that usually you need to call or e-mail to Ashley in advance to get access. Which also means that we are not showing units on Saturdays and Sundays.

I was lucky, Ashley was in her office, and she kindly tried to find anything still available in this busy resort on a busy weekend, and then went to the front desk and ran me the keys for one oceanview and one oceanfront unit. She told me to rush, as both rooms were reserved, and guest could show up at any minute. And when we just walked out of the first unit I showed to my party, people with suitcases were coming to the door.

Oceanview unit is a smaller unit - 372 SF, small kitchenette, granite countertops, 50' plazma screen TV. Everything is quality: furniture, bedding, window treatments. As for the view, for me it is a better view than a direct oceanfront unit offers. You not only see way more of the beach, but you also see the gorgeous pool area. Practically all the time people ask me for direct oceanfront only. I always try to get the keys for both the direct oceanfront and oceanview. And after I show both, I ask them which view they like more. Often times ocean view unit wins.

Did I impress my party? You bet, I did. I will not be surprised to hear from them shortly. My two last sales in Plaza Resort & Spa were to people who are buying site unseen. Actually one closed last Tuesday, but the other is closing in a week. Both sales are short sales, where by the time the approval came, the buyers walked away. Two units on the south side with a great ocean and city view. In both I represent the Buyers. It is funny, but I have not met my client, who closed on the unit last Tuesday. It is all Internet.

Do you know how much they buy for? $44,900. Yeap, no zeros missed, just $44,900. A place which is rented very well, one of the busiest, if not the busiest resorts in the area. Plaza Resort & Spa Prices now are a bit higher, but there are still great deals there.

I know that the split between the Resort and the owners is 50/50 after the management subtracts 3% transaction fee, 10% of the balance for cleaning, 2% reserve for replacement of furniture, fixtures or equipment. Leaving the owner with 43.65% of the gross income.

I came to the Front Desk and asked them about the rate that Friday night. $259 for city view, $269 for ocean view, and $279 for direct oceanfront studio.

For an oceanview studio, 2 days at this rate will bring the owner $234.84.

Call me 386-405-4408 if you want to become one lucky owner yourself.

Click HERE to see MLS listing in Plaza

For other blog posts about Plaza Resort check these links:

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