daytona vacation condo: Looking for Best Condo-Hotel in Daytona Beach?
- 04/01/10 02:12 PM
Looking for Best Condo-Hotel in Daytona Beach? Look no further. There is nothing like Ocean Walk Resort.
I have received a call from a client, whose 2 condo-hotels we have sold back in 2004. His brother was in town, and was looking for at least a one-bedroom vacation place with the least hassle. Future possible resale was also important.
I can run a long list, like it should be on the Ocean, and you MUST be able to see the ocean from the condo, etc., but we should not forget the important part: it has to fit the budget. Somehow it is rare that the list of parameters adequately corresponds … (4 comments)
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daytona vacation condo: Beyond Belief Denial. Losing Condo-Hotel Units in Daytona Beach to Foreclosure... for Pennies
- 07/26/09 08:52 AM
Sometime the real life stories beat any and every imagination.
The owner of 3 units in the Fountain Beach Resort, a condo-hotel in Daytona Beach, was not paying Assocaition fees for quite some time. I thought he would sell his units, but he is a wheeler-dealer and always bought and sold himself, so I was sure he would do the same thing this time. He would come to our office (and we are in this building), ask us about the market, what the units were going for, and then shake hands and walk away.
I can't say that the guy does not … (2 comments)
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daytona vacation condo: Marina Grande On The Halifax. Is It Still Here Or Am I Hallucinating?
- 07/22/09 09:08 AM
Marina Grande On The Halifaxis still there, at least physically, which is encouraging.
It was morning when my phone rang, and it was Bob Koslow, a staff writer for our local daily - New-Journal. I guess he Googled Marina Grande on the Halifax, and ran into my blogs about it on Active Rain. He was working on the article, and we had a very nice chat. He told me to watch the Sunday paper.
I was happy he tackled it. It was unreasonable for the local paper not to say anything about the state of this major condo development in Holly Hill. And this is a … (3 comments)
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daytona vacation condo: Will Phoenix Rise From Ashes? Tough Luck For Developers of Plaza Resort & Spa In Daytona Beach
- 07/22/09 07:28 AM
Tough Luck for developers of Plaza Resort & Spa in Daytona Beach.In September 2008 I posted Daytona Shooreline Hotel Tycoons File for Chapter 11. It was a sad story of a local real estate developer with a vision falling prey to this unforgiving market. Bray & Gillespie, who are behind a number of real estate development and hospitality companies in Daytona Beach area, are controversial figures, and there are many who they angered. I assume there is a reason for that. I do not and did not have any business dealings with them (I, actually, never met Mr. Bray, and once had a brief … (0 comments)
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daytona vacation condo: Plaza Resort & Spa in Daytona Beach... 4th of July Weekend
- 07/04/09 01:08 PM
Plaza Reaort & Spa is the Premiere Condo-Hotel Resort in Daytona Beach.
An Orlando couple walked in my office yesterday off a Marquee sign in front of the resort saying "Condos For Sale From $50K". So, I took them to one of the units in Fountain Beach Resort, were my office is, and they were unimpressed. They asked me whether I could show them anything that would impress them.
Sure.
I suggested that we go and look at Plaza, and I told them that I could not guarantee I culd be able to show them the units, but at least they would get the idea … (0 comments)
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daytona vacation condo: Plaza Resort & Spa in Daytona Beach. What Is The Worst Thing That May Happen To A Condo-Hotel
- 05/12/09 05:55 PM
Plaza Resort & Spa in Daytona Beach is in the spotlight today. Prices are low, but people still keep asking this sacral question "What is the worst thing that may happen to a condo-hotel?"
I often think that if my buyers could buy a condo-hotel for only one dollar, they would still want to make sure that they can not lose.
Mentioning a dollar has reason. Because the answer really depends on what you paid for it.
Let us take Plaza Resort & Spa as the example. This is right now the only condo-hotel where there is a lot of activity because of … (7 comments)
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daytona vacation condo: Oceanside Inn. A Condo-Hotel in Spring 2009.
- 04/04/09 04:18 PM
It is April already. Time to check on the Oceanside Inn - a condo-hotel on the Atlantic Ocean in Daytona Beach Shores.
9-story condo-hotel is home to 191-room resort right on the Atlantic Ocean. End of last year was tumultous for the property, but many people did not understand what happened there. And what happened was the control of the property shifted from a professional management company to the board that is a well intentioned clueless people.
Sales pretty much died in the ceanside Inn. A few short sales in the resort, with double units from $75K, whihc is half of what it cost from the developer … (2 comments)
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daytona vacation condo: Driving On The Beach. I Mean On "The Most Famous Beach In the World"
- 03/28/09 10:55 AM
Yeah, yeah, yeah... they say that was us who named it the Most Famous Beach in the World. I didn't do it. But someone did and it stuck. So there is truth in that. And if you ask me, yes, this is the Most Famous Beach in the World, and it is also the Most Beautiful Beach in the World, but here my friends from South and West Florida may not agree with me. They think that The Most Beautiful Beach in the World is the beach where they live. But they are wrong, it is here.
You do not believe me? Get into my car … (8 comments)
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daytona vacation condo: Hawaiian Inn. What's Cooking...
- 02/24/09 01:39 PM
Hawaiian Inn2301 S Atlantic Ave.Daytona Beach Shores, FL 32118
Here's the update on Hawaiian Inn, old but very popular condo-hotel in Daytona Beach Shores.
The Property is undergoing the major renovation. This is the biggest job (and, accordingly, assessment), that you get when you are on the ocean. It involves concrete restoration, when the concrete on the balconies and on the walkways of the properties with outside corridor system is replaced.
They jack hammer it, then cut of the rusted metal bars (and for that they have to go inside 18'), so this is an expensive work and it is paid … (4 comments)
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daytona vacation condo: Understanding Condo-Hotels. Is This For Me?
- 02/22/09 05:48 AM
A lady called me in the morning. She was calling about her mom, an older lady, who would love to live in a warmer climate closer to the ocean. They see the prices in the $30s in Hawaiian Inn, and they like the way the property looks, so they are interested.
Do you know that bad feeling, when people are looking for something, and they are genuinely interested, but you know already that they are not going to be happy there? I got it often. Today was not the exception.
So, who should buy, or, better, who should not buy a condo-hotel in Daytona Beach? Well, … (6 comments)
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daytona vacation condo: Understanding Condo-Hotels. A Glimpse At History
- 02/07/09 09:02 AM
Understanding Condo-Hotels. Part IUnderstanding Condo-Hotels. Part 2
Started in South Florida in early 80s, the condo-hotel concept went into hibernation after the change in tax laws in 1986 and rebounded in the second half of 90s. In Daytona first condo-hotels started when owners of oceanfront properties (BTW, from South Florida) cold not sell them as hotels in the stagnant market (the today's is not the first in history), and found it much easier and more profitable to sell units to individual owners.
Those few properties were older hotels, the Sellers/Developers spend minimum to remodel, which was required to convert. These properties … (1 comments)
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daytona vacation condo: Understanding Condo-Hotels. Association Fees
- 01/31/09 02:20 PM
To read Part 1 go to: Understanding Condo-Hotels. Part I
Maintenance Fee. The simplest but the most confusing issue.
The first question is always about the association (or maintenance) fee. Sometimes I would even get "give me the fees for different condo-hotels and we will make our decision based on that".
On our street smart scale the less the maintenance fee, the better. Let's look into that.
Maintenance fee is a sum of the expenses needed to run the property plus the reserves (not always). Cost of KWT of electricity is the same, cost of gallon of water is the same, cost of labor in the … (4 comments)
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daytona vacation condo: Oceans Grand In Daytona Beach Shores
- 01/24/09 04:54 PM
Oceans Grand, 2 Oceans West Blvd, Daytona Beach Shores, FL 32118
This building was in the plans since early 70. At that time it was a double triangle 21-story tower. The developer of the Oceans complex sold the parcel to a construction company Callahan & Sons, and they decided to go with one tower concept. They did not build it, they only were the developer, and the General Contractor was Yates Construction Company headquartered in Atlanta, GA, which built quite a number of projects in Daytona Beach area.
Built in 2005, Oceans Grand entered the world at the peak of real estate boom in the … (0 comments)
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Looking for Best Condo-Hotel in Daytona Beach? Look no further. There is nothing like Ocean Walk Resort.
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