cheap daytona oceanfront: Oceanside Inn. End of March 2018 - 04/01/18 09:44 PM
Oceanside Inn. Market Snapshot and some thoughts
I have written extensively about Oceanside Inn Condo-Hotel. I know this condo-hotel better than some others, as we have a unit here.
Today I want to look at the market there. What is available, what are the prices, what to expect…
AvailableThere are 10 condo-hotel units for sale in Oceanside Inn at this juncture. For a resort with 121 condos, it is a good number, just a notch higher than a healthy 7-8%.
Starting price is $50K. And this is a pleasant surprise. It is quite an increase. I bet owners feel better.
2 units are for sale in … (0 comments)

cheap daytona oceanfront: How To Successfully Shoot Yourself in the Head… - 11/19/15 08:32 AM
There was a time at Oceanside Inn, when they had quite a few owners defaulting on their payments, and the Association was in dire need of money to stay afloat.
I remember that we contacted those in default, offered to do short sales for them and sold quite a few units bringing new owners, who started paying Association dues, which helped the Association to go through this difficult time.
We have the same Board now. But then they were new directors, eager to make the resort better, to preserve and increase the values… Somehow it is very different now.
Somehow the Board turned hostile … (13 comments)

cheap daytona oceanfront: Fountain Beach Resort - 11/14/15 12:22 AM
It is middle of November and quite time to revisit Fountain Beach Resort.
 
I was always fond of trying to find indirect indicators of the market condition for a property and wider local market, and I believe one of them is the ratio of units for sale to the total number of units (when talking about condos and condo-hotels).
I remember reading that 7% is this “healthy” number. For years watching condos in the area I use it and so far it gives you a pretty good idea of the market. If one condo-hotel has 15% and another has 4% of their units … (6 comments)

cheap daytona oceanfront: Oceanside Inn at October Board Meeting - 10/19/15 02:05 PM
There was no Board meeting in Oceanside Inn in 2015 until a meeting in October. We are supposed to, but the one before was the annual meeting in December 2014.
There was a concern that yet another Special Assessment was looming, and the speculation/expectation that the Board was waiting for some definite numbers, which would be announced at the October meeting.
Turned out this was not the case. The Board mentioned another assessment in the future to deal with glass wall, but this was something we all know about.
There is an ongoing major concrete rehab project under way – the garage. The Board … (0 comments)

cheap daytona oceanfront: Daytona Beach Resort & Conference Center. September 2015 - 09/27/15 12:28 PM
I am continuing the series of short market reports about condo-hotels in Daytona Beach area. The general overview of condo-hotel market is here.
A post about Daytona Beach Club is here. And a post about The Plaza Resort & Spa is here.
When talking about condo-hotels, it is difficult to be exact in describing their overall ambiance, and they are all very different, so I use the ratings on Tripadvisor, so if you do not like it, or you do not agree with it, take it to them:) Daytona Beach Resort & Conference Center positive rating is 69%, Which is pretty good.
Daytona Beach … (6 comments)

cheap daytona oceanfront: Plaza Resort & Spa, a Condo-Hotel in Daytona Beach - 06/15/15 02:27 AM
 
The condo-hotel market in Daytona Beach area is pretty sluggish, but as the saying goes, some are more sluggish than the others.
These more sluggish than others seem to be The Plaza Resort & Spa, and Oceanside Inn.
For some reason, while we read in the newspaper that tourism is up, the County collects significantly more revenue in bed tax, these two condo-hotels are not doing great.
The irony is that they represent two levels of condo-hotels and are leaders, or, better, say used to lead in their respective categories. Plaza was one of the best if not the best among higher end and … (3 comments)

cheap daytona oceanfront: Condos for Under $200K in Daytona Beach Shores - 01/04/15 03:38 AM
Hi, and Happy New Year.
Today our discussion is about affordable condos in Daytona Beach Shores.
5.5-mile long Daytona Beach Shores has major condo concentration of condos out of all other municipalities comprising Greater Daytona Beach area. 64 condominiums on this narrow stretch of beachside. It has, probably, the longest shoreline in the area, and it is not a surprise, that it is heavily dotted by condos from small 2-3-story to 29-story tall.
So, if you are looking for a place on the beach, or across the street from it in this area, Daytona Beach Shores might be your number one place. So, … (4 comments)

cheap daytona oceanfront: Myth About Daytona Condo-Hotel Rentals - 12/09/14 03:32 AM
Yesterday I received a call from a condo-hotel owner, who has been fighting with the Condo-owners Association for years now. This year he plans on ousting one of the Board Members and becoming the Member of the Board of Directors.
What is the biggest change he would like to bring as a new Board Member if he wins?
He said it was to allow the owners rent long term and “do whatever they wanted”.
I disappointed him. I said that this was a very bad idea, and the consequences would be devastating.
We have witnessed exactly this “freedom” … (20 comments)

cheap daytona oceanfront: How Much Do I Get? - 08/13/14 02:49 PM
How The Split Works?
The question was about Oceanside Inn, a condo-hotel in Daytona Beach Shores. Being a condo-hotel means that Front Desk is renting the condos when owners are not there, and then splits rental income.
 
The answer is simple: 10% of top goes to Credit Card operations, and Travel Agents’ commissions. The balance is split 50/50. Which means that out of $100 rental income the owner gets $45%
 
- So, what income can I expect?
- The correct answer is “I do not know”.
- Is it really that you do not know?
- Not really, but … (26 comments)

cheap daytona oceanfront: Condo-Hotels: Market Change or Day Dreaming? - 01/19/14 02:30 PM
This time of the year watching numbers is a form of entertainment. I checked condo-hotels just before the new year, and there were 147 condo-hotel units for sale.
Checked today and there are 172 units for sale as of today. What a change.
But not anything really unusual.

This is the slowest time of the year, and we have yet another month and a half of it. The inventory goes up and no buyers, and then March comes and suddenly there is plenty of interest to condo-hotels, and the cheapest are sold in 2 weeks, and suddenly we have a … (46 comments)

cheap daytona oceanfront: Long Live The Condos!!! - 01/05/14 08:36 AM
There are 325 condominium buildings in greater Daytona Beach Area. Quite a number, isn’t it? But when was the first condo actually built in Daytona Beach? Did we have condos 100 years ago? No, we didn't.
First condominium buildings in Daytona Beach were:
Bellair Condos (1963),
Pendleton Club (opened doors June 15, 1963),
Landmark condominiums (June 30, 1963).
The new concept proved popular, and majority of area condos were built in the next 10-15 years. This was the time of conquering the Beach. Daytona Beach only had few expensive single family homes and motels/hotels, and here came the construction boom, and … (8 comments)

cheap daytona oceanfront: Condo-Hotel News. Yep, It Is Still Slow... - 07/20/13 03:46 AM
It is July, and  our seasonal fluctuation should have pushed us to the peak of the market. But I am not sure that for the last 2 years we are following this trend. It seems like market gets a jolt in March, but there is not enough steam and it dries out right when it is supposed to reach its peak...
Couple of weeks ago there were 159 units for sale. For 13 condo-hotels with 2,282* of rooms total, it is, probably, the lowest number since the crisis hit home. Percentage-wise is was, however, what is considered “healthy” – just tiny bit under 7% … (1 comments)

cheap daytona oceanfront: A Better Option For The Buyer? - 11/11/12 05:20 AM
A customer liked this fully remodeled 2 bdr/2 baths condo in Oceans Seven Condominium in Daytona beach Shores, which my agent showed to her. She needs financing, and financing is not easy for condos, so I suggested he sends her the contact info for a mortgage broker, who is doing a stellar job and really knows condos in the area.

To the point that he knows which of them have litigation, which can affect financing of a condo. We forwarded her the contact information, but she told him she was already talking to Bank of America, and they offered her … (43 comments)

cheap daytona oceanfront: So, Did You Like It? - 10/08/12 12:36 AM
Often times condo rules do not allow MLS locks, and listing agents have to either provide keys or come and open the condos for showings.
This is the case for me with a beautiful two-bedroom/ two baths fully remodeled condo in Oceans Seven Condominiums in Daytona Beach Shores. 5-6 showings a week give me enough opportunity to watch buyers’ agents in action. Some of the agents I know, and some I have not met. And some agents are so busy….Like yesterday… The agent stopped her car in front of the entrance door and I let her customers in. She proceeded … (14 comments)

cheap daytona oceanfront: Daytona Beach Shores, FL. Oceans Seven Condominium - 06/10/12 04:57 PM
2947 S. Atlantic Ave, Daytona Beach Shores, FL 32118. Oceans Seven is a direct oceanfront condominium building in Daytona Beach Shores, built in 1976. It is part of The Oceans complex.
Ocean Seven looks the same as Oceans One, Oceans Three, and Oceans Five. In reality, developer decided to change the routine. Three other building only have two-bedroom/two baths condos. In oceans Seven there are 120 condo units from one bedroom to three bedroom units. All units have excellent views. Each unit has direct oceanfront exposure. The condo building is part of The Oceans family of buildings, which dominates this mile-long … (6 comments)

cheap daytona oceanfront: Oceans Five Condominiums in Daytona Beach Shores. By June 2012 - 06/10/12 04:34 PM
 
2987 S. Atlantic Ave., Daytona Beach Shores, FL 32118
Oceans Five is a direct oceanfront condominium building in Daytona Beach Shores, built in 1975. 120 two-bedroom/two baths condos about 1,100 sq. ft. All units have excellent views, each unit has direct oceanfront exposure. Excellent location, you do not need to have a car in this stretch of Daytona Beach Shores. Across the street from a shopping center anchored by Publix Supermarkets. The condo offers oceanfront pool, exercise room, social room, underground garage. Small pets are allowed. Minimum rental period is 2 months.  
There are currently only 2 … (1 comments)

cheap daytona oceanfront: Frequently Asked Question: Why I Can’t Just Bring A Cashier’s Check To Closing - 05/20/12 10:52 AM
We have a Closing for a condo-hotel studio on the beach scheduled for Thursday, and when I tell the Buyer that they would need to wire the money to the Closing Attorney, she said that she would bring a cashier’s check. And when I tell her that she would have to wire money, she is asking me why can’t she simply bring the cashier’s check? Actually you can bring a Cashier’s check, but if you choose so, you would need to do it a few days before the Closing day, so that the Closing agent can deposit the check and make … (10 comments)

cheap daytona oceanfront: Nothing Against You But... - 05/12/12 03:43 PM
I ran into this while surfing through emails. It is by far not the only one. People (and agents) contact me about condo-hotels, and demand that I provide condo docs, minutes of the Board Meetings, financial statements of the Condo owners Association, their budget, proof of reserves... And when we do not volunteer all that without the accepted offer, they get upset. This one is is from the Buyer.
"Nothing against you but this is one of the many problems I have with realtors. Ashley (Owners Realtions Manager - J.Z.) said the realtors could help me get the financials from the … (12 comments)

cheap daytona oceanfront: 2 bdr/2 baths units in Oceans Grand in Daytona Beach Shores. April 30, 2012 - 04/29/12 03:30 PM

I wrote about Oceans Grand in Daytona Beach Shores about a month ago. At that time the lowest price for a 2 bedr/2 baths condo with den was $199,000 and I thought that this was probably the last time we saw anything in Oceans Grand for less than $200K.
It was snatched right away, but there is another $199,990 there, and after a unit for $260K went under contract in just couple of days, and we were late even to show it, it is surprising to say the least.
It is interesting to see the changes in just one month. I made … (2 comments)

cheap daytona oceanfront: Do You Like This View? - 04/22/12 04:57 PM
One of the nicest condos in Daytona Beach Shores is Bella Vista. I was showing a 3-bedroom unit there a couple of days ago, and could not resist the temptation to take the photo from the balcony.

Imagine living in this building, and getting in the morning the rising sun, and watch the ocean change as the sun goes up and then down. Never boring.
Always beautiful.
Call me if this view is what you would like to see from your balcony. Search condos in Bella Vista in Daytona Beach Shores
(12 comments)

 
Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices (Daytona Condo Realty, 386-405-4408) Ambassador large

Jon Zolsky, Daytona Beach, FL

Buy Daytona condos for heavenly good prices

Daytona Beach, FL

More about me…

Daytona Condo Realty, 386-405-4408

Address: 119 S Palmetto Ave., Suite 231, Daytona Beach, FL, 32114

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Mobile: (386) 405-4408

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