Daytona Beach. Plaza Resort & Spa. June 2012 Market Snapshot

Oh my…

I am looking at Plaza Resort & Spa in Daytona, our premier condo-hotel oceanfront resort, and all I can see is the list of 12 units for sale on MLS…

12 units in Plaza Resort & Spa? This is a far cry compared to 2009, when we had 52 units for sale there, and the prices were from the low $30s.

Funny that I receive calls every day from people who still think that our market is going down. But hey, there are always those who believe what they want to believe. Seeing firsthand make no difference to them…

Here is the list:

I think it speaks for itself.

This one-bedr unit (#624) is one of the largest floor-plans in the resort. The unit faces the city. 6th floor is not high enough for you to be able to see the Intracoastal.

You can see the bridge, it is western exposure, and the view is pretty good. It has a narrow balcony.

But no view of the ocean.

Also, because the bedroom is required to have a window, it is a weird unit. The bedroom has a window and a balcony, but in the Living room and kitchen there are no windows at all.

It is still a very good deal because of the price. The unit has a glass cooktop and plenty of space for a larger family on vacation.

The least expensive unit with good ocean view is 1011 on the south side. Small unit, plenty of light, excellent panoramic view of both the ocean and the city/river.

Least expensive direct oceanfront unit is #334. This is a handicap unit. Very small (size in the chart from the agent, and this is mistake. It is 364 sq. ft.). though it is direct oceanfront unit, the view of the ocean is limited because the balcony on the third floor is solid wall and it is high. So, when you are standing on the balcony, you have a good view, but if you sit in the unit, you hardly see any ocean.

I must tell yo that the market is changing so fast. Just a month ago there were 26 units for sale in Plaza.

Just wow...

P.S. Plaza Resort 7 Spa is a premier Condo-Hotel resort in the heart of Daytona Beach. 323 studios and suits, excellent pool, convention space, restaurant, bar... One of the nicest and most popular condo-hotels in the area. Initial prices after conversion from a hotel to a condo-hotel were from the mid $200K to way over $400K. Today's price, even though they are higher already, than where they were 2 years ago, are ridiculously low compared to 2005-2006. 

Condo-hotels, including Plaza Resort & Spa, can be a good alternative to more expensive Oceanfront condos. If you are interested in condo-hotels or condos in Daytona Beach area, call me at 386-405-4408