Actually, the right question is "How long can I stay in my own unit?"
Are you kidding me? Can you be serious?
Actually this is the reality of owning a condo-hotel unit, at least in Daytona Beach Shores.
Let's make one step back. Lately more and more questions are coming from people, who are looking for an affordable oceanfront retreat. The idea of a condo-hotel is quite attractive. Mainly because of the following:
- Location
- Price
- Rental Income to offset the expenses
So, you own it, use it and when you do not use it, then the Front Desk would rent it for you.
Even if you understand that it is not a money-making machine and we talk about offsetting the expenses, and breaking even is fine, meaning that your portion of rental income covers monthly Association Dues and Taxes, it is still an attractive option.
For Daytona Beach Shores this would work if you do not plan on staying more than one month.
However, if you are expecting to stay longer, this is no longer an option for you in Daytona Beach Shores condo-hotels.
“Because the property is zoned as a motel, residents can’t stay at their units for more than 30 days at a time, according to a city ordinance.” (Zoning flap leaves Daytona Beach Shores’ Castaways high and dry).
While the article states “30 days at a time”, some condo-hotels decided to be holier than the Pope and set 30 days a year, like Oceanside Inn.
Don’t ask me why the City did it. It is not that there are no other ways to treat it. Overwhelming majority of condos in neighboring New Smyrna Beach allow owners 120 consecutive days, and no wonder so many snow birds love New Smyrna Beach. So, this is a deadly blow to snow-birds. Sort of like "we want their money, but we do not want them here". Bravo, Daytona Beach Shores!
Why Daytona Beach Shores turned quite hostile to the best clientele one can have – snowbirds - is beyond my understanding.
Is it the same for Daytona Beach? To tell you the truth, I do not know. I do not read ordinances. So far there was no issue betwen the City and any condo-hotel, that I know of, at least nothing yet spilled to our local newspaper. But it is often a matter of enforcement, so I wouldn’t be surprised if they have the same or similar limitations in place. Also, they may change the ordinance and start limiting it, so there is no guarantee that it stays the way it is today.
Here is the list of condo-hotels in Daytona Beach Shores:
- Hawaiian Inn
- Castaways Beach Resort
- Oceanside Inn
- Pirate’s Cove
Note: I am a real estate broker, and if you are interested in condos and condo-hotels, I do not only write about them, I help you sell or buy one (or more than one :)
First published in www.Daytona-Condos.com
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