Hawaiian Inn is in the middle of remodeling. Time came for this condo-hotel in Daytona Beach Shores to do the concrete restoration of the resort, which is there since 1965. 45 years until concrete restoration is not bad, but it does not make the life of owners there easier.

Special Assessments dealing with the concrete restoration in Hawaiian Inn came at the worst time, when even maintaining units is a challenge for some owners. The resort tried to do it in installments, but it is still not easy.

Initial $3,000 was followed with 12 monthly installment of $350 a month (in addition to a $500 monthly Association fees), then this year they set another Special assessment paid in 12 monthly installment of $390 (but Association fee went down to $450 a month).

Hawaiian Inn in daytona beach shoresWhile this assessment is still in place, the Association has just announced another Special Assessment in the amount of $3,600 payable in three equal monthly installments. Obviously, this is on top of the existing $450 a month plus another $390 for the assessment which is running since last March.

I asked the Association Manager for Hawaiian Inn whether that $3,600 is the last assessment they plan. She wuld love to say "yes" but she was not sure. Depends on how successful will they be with collecting the money. If  not, there might be another Special Assessment… to get the money that they were not able to collect…

For inforamtion about units for sale in Hawaiian Inn or in other condo-hotels or condos in greater Daytona area call me 386-405-4408FunCoast Realty logo - jon zolsky

 

 
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5 Comments on Hawaiian Inn

JUN
02
2010
257,875 Points Outside Blog Attended Rain Camp Called Shot Master

sounds like a true assessment nightmere! AHHHHHHHH
3:50am • #1
1,210,114 Points 118 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Vick - right now it is. It will again be a great popular resort after it is done, and the values will go up immediately, but for now....
8:57am • #2
JUN
03
2010
982,936 Points 106 Featured Posts Localism Sponsor Outside Blog

Do you have this problem with all the condos in Daytona Beach that are undergoing major remodeling projects? It always does seem to cost more, doesn't it. But that's true with any remodeling. Twice the original time estimated and at least twice the cost.
10:39am • #3
1,210,114 Points 118 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Elizabeth - it does. your estimates are right on the money, And it takes longer.

The good part is that in the process, they find some problem they did not know about, so they increase the cost, but take care of it, rather than have to it later at a much higher cost.
12:11pm • #4
JUN
06
2010
1,056,534 Points 27 Featured Posts Outside Blog Called Shot Master

That's a pretty significant special assessment monthly payment. Most of the HOA's around her have annual and multi-year plans.
8:50pm • #5


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Jon Zolsky, your Daytona Beach, Florida connection

Daytona Beach, FL

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