daytona condohotel: Unit 320 in Fountain Beach Resort
- 09/26/08 08:14 AM
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daytona condohotel: Condo-Hotel Studio 514 in Fountain Beach Resort
- 09/20/08 04:57 PM
Fountain Beach Resort, Daytona Beach, FloridaCoondo-Hotel in the heart of Daytona's Beachside
If you are looking for affordable alternatives to expensive vacation condos, call me on my mobile: 386-405-4408, or send me an e-mail.
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daytona condohotel: Direct Oceanfront Condo-Hotel Suite for sale in Daytona Beach Resort & Conference Center
- 09/20/08 01:18 PM
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daytona condohotel: Datyona Beach Resort & Conference Center. A Market Snapshot
- 09/20/08 11:52 AM
Daytona Beach Resort & Conference Centeris a 322 gues rooms and suites condo-hotel in North Daytona beachside very close to Ormond Beach.
This is a conversion still in process, as they are showing 30 units for sale by developer.
Below you can see Active Listings for studios and suites (1bdr units).
Sales are not very impressive, from January 1, 2008 and until today 7 Studio Units sold from $70K to $98K (quite a contrast for the Active Listings). For the same period of time there were 4 suites sold ranging in price from $145K to $170K. Sales were approximately 9% under the … (0 comments)
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daytona condohotel: Daytona Beach Resort & Conference Center
- 09/19/08 06:09 PM
Daytona Beach Resort & Conference Center at 2700 North Atlantic Ave in Daytona Beach is one of the largest condo-hotels in the area with its 322 studios and one-bedroom units. And one of the nicest condo-hotels in area.
Marble foye, a lot of glass, mirrors, high guality carpet in the hallways, this Condo-Hotels can impress.
With 442 ft on the ocean, the resort sits on 90,000 sf of beahfront in one of the most prestigious areas of Daytona Beach - across the street from Bellair Plaza, the largest shopping center on the Beachside, anchored by Publix Supermarkets. Area of the best … (0 comments)
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daytona condohotel: Oceanside Inn. Market Snapshot
- 09/18/08 06:19 PM
Oceanside Inn. September 2008.
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daytona condohotel: Daytona Shoreline Hotel Tycoons File for Chapter 11
- 09/17/08 05:53 PM
The article titled "Daytona Shoreline Hotel Tycoons File for Chapter 11" was published in Orlando Sentinel September 13. This is the latest bad news in the saga of the slow real estate market. This time it hit the developers of many hotels in the area, inlcuding The Plaza Resort & Spa.
Charles Bray & Joseph Gillespie came to Daytona Beach area in 1998, at the time of a slow market like today's, but they had a vision and grandiose plans. Actually nobody else had a vision like they had for Daytona Beach oceanfront. They drove the beach, and Atlantic Ave then … (12 comments)
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daytona condohotel: Fountain Beach Resort. Market Snapshot
- 09/08/08 10:12 AM
FOUNTAIN BEACH RESORT313 S Atlantic Ave., Daytona Beach, FL 32118
This 149-room resort is in the heart of Daytona beachside, walking distance to all the attractions.
There are 19 units for sale on MLS. The lowest priced unit starts from $59,900. Unit is in good shape, north side, in the middle of the building.
Studios are 385 sf plus 49 sf balcony. One bedroom are two units together, with one blocked from the hallway. One bedrooms have stoves, while studios only have microwaves and toasters.
Lowest priced one-bdr is $112,900. This is pre-foreclosure, a distressed sale. 3 years ago they were … (2 comments)
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daytona condohotel: Fountain Beach Resort
- 09/08/08 07:54 AM
FOUNTAIN BEACH RESORT
313 S ATLANTIC AVE, DAYTONA BEACH, FL 32118
Fountain Beach Resort is a condo-hotel, converted in 1998-1999 from a hotel built in 1976. Initial prices were in the mid to higher 30s and all the way to high 40s for top floor.
This is a 149-room resort with a restarant/bar, Tiki bar, outdoor non heated pool, and a miniature golf. Hurricanes of 2004 came in the middle of a price boom. The prices went to $120K for a studio, and the highest price paid for a 385 sf studio was $165,000.
The building is perpendicular to the Ocean, … (0 comments)
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daytona condohotel: Ocean Walk Resort. Market Snapshot
- 09/07/08 03:10 PM
Ocean Walk Resort consists of 2 towers. South tower is a 19-story tower with 1, 2 and few 3 bdr units. North tower is a 25-story tower with about 50 one-bedroom units and the rest are 2 bdr/2 bath units.
This is the only condo-hotel/time share built from the ground up. And this is without questions the best one.
Half of the complex is time share, and remaining units are wholly owned condo-hotels.
Below is the list of unit for sale in both towers. If you are surprised by the difference in prices between, for example, the least expensive 2/2 for $410K … (2 comments)
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daytona condohotel: Where to Eat in Ocean Walk Village, Daytona Beach
- 09/06/08 04:59 PM
Restaurants in the Ocean Walk Village
Taste Daytona Beach at the Ocean Walk Village.
Pick a place from elegant seaside dining and fun family-themed eateries to casual snacks on the beach or pool deck, the restaurants at Ocean Walk
Village offer dining options for every situation.
Adobe Gila's
Adobe Gila's Margarita Fajita Cantina is a Mexican-influenced restaurant serving up live entertainment and a great atmosphere, located directly on Daytona Beach.
Offering great food, great drinks, great music, and great times is the Adobe Gila's mission.
Bubba … (3 comments)
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daytona condohotel: Hawaiian Inn. A condo-Hotel Market Snapshot
- 08/12/08 04:35 PM
Hawaiian Inn Resort. 2301 S. Atlantic Ave., Daytona Beach Shores
I checked the prices in Hawaiian Inn and decided to show them to you. When you look at $48,888 (and this is not a city view unit), you know that something is definitely not right here. These are prices of 2000-2001, not 2008, even though we tend to think that the prices can't be any lower than they are.
So, it is either owners are plain crazy, or there is something we do not know yet.
Smart thinking. This is the classic sign of a big assessment looming, actually already … (2 comments)
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daytona condohotel: Below Market Deals In Oceanside Inn
- 08/07/08 07:17 PM
Guys (abbreviation for Ladies & Gentlemen),
The market is at its low (and maybe the lowest point), which makes it terrific time the buyers. It's the hunting season in Real Estate.
This is our No BS newsletter. We are not sending a BS newsletter as we figured that we can't compete with the media.
If you are OK with what we are sending, enjoy reading (and buying). I promise, we will be getting better. If you do not want the No BS newsletter, just let us know and we will immediately comply by manually (alas!) deleting it from our most precious … (2 comments)
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daytona condohotel: Sea Dip. A Condo-Hotel Market Snapshot
- 08/06/08 02:47 PM
1233 South Atlantic Ave., Daytona Beach, Fl 32118
This 134-unit oceanfront condo-hotel with city and gorgeous ocean views is half mile south of International Speedway Blvd.
Two pools, one outdoor and one indoor. The resort is owner managed, no outside management company, and, as usually the case, they do not have the best and even good rentals.
If you plan to keep the unit for yourself, this is not a concern, however, if rental income is important to offset the expenses
Sea Dip has the dubious distinction of having the least expensive unit in Daytona. You can see the list of … (0 comments)
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daytona condohotel: Condo-Hotels. Looking at the Stats.
- 08/03/08 10:54 AM
It is important to get the perspective on that condo-hotel market, and not go by the myths.
I am always stunned when people stumble into our office and tell us that they could buy a unit in the Fountain Beach Resort for $10K in 1990.
Guess what? They couldn't. The hotel was converted to condos in 1998-1999 and even at that time there were no sales for $10K. But we like to believe it. I have not yet met an old enough guy who would say that he got paid to buy one of those sometime in 1951 following that logic.
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daytona condohotel: Buying a Condo-Hotel in Daytona Beach. Real Life No-Nonsense Scenario
- 08/02/08 04:04 PM
Buying a Condo-Hotel in Daytona Beach. Real Life No-Nonsense Scenario
I was showing a studio unit in the Plaza Resort & Spa to a couple form Orlando. I met with James before, and I e-mailed him. He is down to earth no-nonsense small business owner with a good sense of humor. A day after showing I sent him and e-mail and below is the actual e-mail communication with James (name changed), practically unedited. Why do I do that? I thought that the best blog would be a real situation and a real case study, and this is the real one. We are … (4 comments)
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daytona condohotel: How To Spot A Real Deal Buying a Condo-Hotel In Daytona Beach
- 07/31/08 06:28 PM
How To Spot A Real Deal Buying a Condo-Hotel In Daytona Beach
The Plaza Hotel & Spa is one of two really luxury condo-hotels in greater Daytona Beach area. The conversion came at the height of the market and was very successful and then died, so to say, on a dime, leaving close to 100 units out of 322 units in the hands of the developers, who happen to be the biggest hoteliers in the area.
At the peak of conversion to condo-hotel, the prices went higher than $810 per sq. ft., which was nearly double what older condo-hotels were … (8 comments)
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daytona condohotel: Being Nice & Stupid
- 07/20/08 04:58 AM
Exactly a week ago today I got a call from a couple, that saw our condo-hotel sign, and wanted to see the units, as then the were leaving to Orlando the very same day.
It was Sunday, and my chances of spending time on the beach were fading as I was driving to the office.
Nice young professional couple. They complained to me that before they called me, they called 7 other agents in the area and not one of them wanted to work with them. I told them that they are lucky, as we are one of a handful of agents who … (12 comments)
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daytona condohotel: Sea Dip Condo-Hotel. Market Snapshot
- 07/12/08 04:39 PM
SEA DIP
1233 Atlantic Ave., Daytona Beach. Built in 1972. Located just over half a mile south of International Speedway Blvd on Atlantic Ave.
134 units with city and ocean views. Choose from Oceanfront or Ocean View rooms which overlook the Atlantic.
Amenities include two pools - outdoor and indoor pool. Other resort amenities include laundry, kitchenettes available in most rooms, shuffleboard, and a variety of enjoyable beach activities.
Sea Dip was the first condo-hotel, that had to go through a very serious concrete work on all balconies and walkways. That took over 2 years in my estimation, but still cost under $10K … (8 comments)
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daytona condohotel: Plaza Resort & Spa in Daytona Beach. Condo-Hotel Market Snapshot
- 06/28/08 04:40 PM
Plaza Resort & Spa in Daytona Beach. Condo-Hotel Market Snapshot
600 North Atlantic Ave., Daytona Beach, FL 32118
One of the best condo-hotel Resorts in Daytona Beach. Recent conversion, started with very brisk sales, but the market died leaving the developer with about 100 unsold units, however, the developer is the hotel operator, and they run one of the best occupancies if not the best in the area.
Prior to conversion, Plaza Resort underwent a multi million dollar renovations and is a real Daytona oceanfront gem.
All 322 oversized guest rooms have been upgraded to include specially designed pillow top bedding for a … (2 comments)
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