plaza resort spa daytona: The Plaza Resort & Spa. Annual Meeting. - 03/25/18 08:18 AM
The Plaza Resort & Spa I have wanted to attend a meeting at The Plaza Resort & Spa for years now, but it somehow did not happen until very recently. It was an annual meeting, and you can read about the election here.
Here I would like to pay attention to things happening in The Plaza Resort & Spa, changes that we soon would see in Plaza.
Plaza suffered a serious blow from hurricane Matthew in October 2016. 12 and 14th floor of the tower got a lot of water damage and were out of commission for several months. The front … (0 comments)

plaza resort spa daytona: Direct Oceanfront Studio in The Plaza Resort & Spa in Daytona Beach. - 10/12/11 09:03 AM
This is a direct oceanfront condo-hotel unit in The Plaza Resort & Spa in Daytona Beach, Florida.
Plaza is one of the best condo-hotels in the area. A few years ago I would have added «and the most expensive», but today it is not really the case. Prices are up from a year ago, don't make a mistake about it, but they are still not through the roof, and are only 35 to 45 cents on a dollar compared to the initial prices of 2005-2006 when the Resort was converted to condo-hotel.
So, yes, the price for this direct oceanfront condo … (7 comments)

plaza resort spa daytona: Plaza Resort & Spa in Daytona Beach. September 2011 - 09/11/11 04:29 PM
I have not been writing about Plaza Resort & Spa, a premier condo-hotel in Daytona Beach, for quite some time. It is time to revisit it and look at what is happening in the market.
Plaza Resort & Spa is one of the oldest condo-hotels (with only Hawaiian Inn being 4 years older), but it is one of the nicest resorts in the area, a higher end property and it is reflected in the overall ambience and in higher rates and higher occupancy.
The developer accumulated a lot of oceanfront properties, both hotels and vacant land, but Plaza Resort & Spa … (13 comments)

plaza resort spa daytona: The Plaza Resort & Spa in Daytona Beach. June 2011 Market Snapshot - 06/12/11 03:49 PM
While I still see people waiting for better deals in The Plaza Resort & Spa in Daytona Beach, I can’t help thinking how resilient they are and how strong their belief in the falling market is. Not that they do not believe me when I am telling them that the prices in the Plaza Resort & Spa are inching up, they keep sticking me newspapers with predictions of another price fallout.

Let’s see what is really happening with prices in the Plaza Resort & Spa. Let’s look 18 months back, at January 9, 2011. In my blog Plaza Resort & … (1 comments)

plaza resort spa daytona: Plaza Resort & Spa in Daytona Beach. April 2011 - 04/27/11 11:51 PM
We often see fluctuation in the market, and it is important to tell a trend from a fluke. I was surprised a couple of weeks ago to notice a few units popping up in The Plaza Resort and Spa, a premier condo-hotel in Daytona Beach, for very low price. It looked as if the second wave of those crazy deals was coming back.
We put 2 out of three those units under contract, and I was curious whether that was to continue. It did not. The prices are still getting higher in The Plaza, prompting some of my clients to start playing with the idea … (7 comments)

plaza resort spa daytona: Plaza Resort in Daytona Beach. Signs of Revival - 04/06/11 05:39 PM
I have not visited Plaza Resort & Spa, a premier condo-hotel in Daytona Beach, for some time, and the changes are very noticeable. No, not with the building, not with their gorgeous lobby, not with the units...
It is the price. Today's price starts from $59K for a city view unit. Wow, this is back to about 2 years ago, before the avalanche of foreclosures and short sales have driven the priced quite low. The lowest price for a studio (and, by the way, with some ocean view) was $20,500 (we represented the buyer). Now a city view is for sale … (10 comments)

plaza resort spa daytona: Time & Timing in Real Estate - 03/28/11 08:12 PM
Time is just time, but timing in Real Estate is everything. Where I consistently fail is explaining to my customers that what they see on the market today is not going to be there tomorrow. Not necessarily the market will become hotter, just not the same.
And there is a chance that it may change not to your liking. I am getting e-mails from customers who looked at condos or condo-hotels with me a year or two ago, and now they are asking whether the prices fell even lower. Not necessarily. There are still some low prices, but there are … (26 comments)

plaza resort spa daytona: Why Are the Prices All Over? - 01/12/11 05:16 PM
Here's the e-mail I received.
Jon,
Thank you for the link to IDX, I appreciate that. I am looking at the Plaza Resort and prices for oceanfront studios are all over the board.
 unit 331- $69,500 unit 334 - $98,750 unit 636 - $189,000 unit 734 - $272,000 unit 831 - $359,900
Does the higher floor justify 5 times difference? Thanks,Jerry
What an excellent question.
In 2005 when developer started selling units in Plaza Resort & Spa in Daytona Beach, the price was based on:
1.      view (city, ocean view, and oceanfront), 2.     size, 3.     floor, where the higher you … (7 comments)

plaza resort spa daytona: Plaza Resort & Spa in Daytona Beach - 12/17/10 03:27 PM
Plaza Resort & Spa is #2 on my list of condo-hotels in Daytona Beach area only behind Ocean Walk Wyndham Resort.
I have not posted about it for quite some time, so here it goes.
Surprise or not surprise, but there are only 27 units left for sale in the resort. Considering that a year and a half ago we had 52-56 units for sale in the Plaza Resort & Spa at all times, the inventory today is only half of what it used to be.
Call us if you have questions about condo-hotels, and not only condo-hotels in Daytona Beach … (4 comments)

plaza resort spa daytona: Creative Buying - 10/24/10 03:38 PM
We are all used to Creative Financing and now it often has a bad taste to it. But there is also creative buying. It often involves doing something beyond MLS. I might involve maybe even more than an extra step. Here’s a “fresh” example.
When unit in The Plaza Resort & Spa in Daytona Beach hit MLS, I was a bit slow to inquire, and when I called the Listing Agent, he said that he already had 4 offers, but he can’t sell anyway, as it was going to an auction.
I told my good investor that we were out of … (13 comments)

plaza resort spa daytona: Stopping The Foreclosure Auction Is Like Stopping the Locomotive. Need Time To Apply Breaks - 03/25/10 12:24 PM
Stopping the foreclosure Auction is like Stopping the Locomotive. Need Time To Apply Breaks
On Tuesday I was checking foreclosure auctions at the court house scheduled for March 26. And I see 2 units coming in Plaza Resort & Spa, Daytona's premier condo-hotel. One is listed for just under $100K.
I spoke to the investor, who can move very fast. He said he would buy. I know the agent, so I am calling her. Does she know that the unit is for the auction? Yep. It is actually not any longer for the auction. She bought it.
Wow, something new for me, buying a short … (2 comments)

plaza resort spa daytona: Plaza Resort & Spa in Daytona Beach. Fee is 20% Less This Year... What? - 02/21/10 01:08 PM
In my recent blog Changes in Plaza Resort & Spa - Daytona Beach Condo-Hotel I mentioned that Maintenance fee has been reduced by $100.02 a month. Form $528.24 to $428.22.
Wow!
I think The Plaza Resort & Spa in Daytona Beach is the only condo (and condo-hotel) in the area to reduce the monthly Association (aka Maintenance) fee. But before rejoicing, let us think about it.
Association fee is a function of the budget. The Association puts together their annual budget, and then divide it in a specified manner (by sq ft. or by unit) and establishes the amount per unit. The Plaza Resort & … (0 comments)

plaza resort spa daytona: Changes in Plaza Resort & Spa - Daytona Beach Condo-Hotel - 02/19/10 11:40 AM
We have not visited the Plaza Resort & Spa for some time. So, what happened in the Plaza Resort & Spa in Daytona Beach since we visited it last?
Well, there are quite some changes. Plaza Resort & Spa is a condo-hotel, and it has the condoowners Association. There was an annual meeting of the Association. As I wrote before, this is the Developer's association. They do not run monthly meetings, and they, pretty much do what any hotel would do.
At this annual meeting there was the budget to vote for, and they did. What everyone was waiting for was … (0 comments)

plaza resort spa daytona: Taxes in Plaza Resort & Spa, a Premier Daytona Beach Condo-Hotel - 01/28/10 07:44 AM
Below is the e-mail that I have received from a gentleman buying an oceanview unit for $45,000 in Plaza Resort & Spa in Daytona Beach. I thought the question could be of interest to anyone buying a condo-hotel (and not only a condo-hotel) in Daytona Beach area.
What is the tax rate. Are the units at the Plaza taxed on what you pay for them ...or a higher amount. What do you think unit xxxx will be taxed at if it sells. What is it currently taxed at?
Though what you paid for a property in Florida significantly affects your tax, it is … (1 comments)

plaza resort spa daytona: Plaza Resort & Spa in Daytona Beach. Market Snapshot - 01/09/10 01:07 PM
Plaza Resort & Spa in Daytona Beach. I wrote extensively on this condo-hotel resort.
There are 33 active listings in this Daytona Beach premier condo-hotel resort right now, and there were 26 sales in 2009. This number in both categories is much higher than in any other condo-hotel in the area. The table below will give you the idea of today's asking prices. I simply want to note that we commonly distinguish between Oceanfront (East exposure), Oceanview (North & South exposure), and City View (West exposure).
No wonder, oceanfront is on average fetches more money and City View is the least … (4 comments)

plaza resort spa daytona: Death of Real Estate of Unnatural Causes in Daytona Beach? - 11/08/09 04:36 PM
Death of Real Estate of Unnatural Causes in Daytona Beach?
Last week we closed on a condo-hotel studio unit in the Plaza Resort & Spa in Daytona Beach. This is  the second unit in Plaza Resort & Spa purchased by the same client. Same deal as last time: I have not met any of the participants. Yes, I have never seen my client. In that sense this is a deal of the future.
372 sq. ft. oceanview studio with great view of the Atlantic Ave, the city, and even some view of the Atlantic Ocean.
The studio unit was purchased after the conversion to condo-hotel … (14 comments)

plaza resort spa daytona: Plaza Resort & Spa in Daytona Beach. Drastic Changes in Price - 09/13/09 04:56 PM
Plaza Resort & Spa in Daytona Beach. Drastic Changes in price. The Resort is at 600 North Atlantic Ave. This is a premier condo-hotel in Daytona Beach.
Converted in 2005 at the peak of the market it was an immediate hit, which died as quickly with the first cool wind in the market. I guess there was room for developers to adjust the price and sell another 20-30 units, but they have sold 2/3 at great prices, and they were not desperate, and they, as the rest of us, did not expect that this was a long drought ahead.
However, the new market … (2 comments)

plaza resort spa daytona: Understanding Condo-Hotels In Daytona Beach. Condo-Hotels vs. Condos - 08/14/09 04:57 PM
Understanding Condo-Hotels in Daytona Beach. Condo-Hotels vs. Condos is the first post in a short series of blog posts. If you like the first one and want to read the rest of them, subscribe to the blog.
Condo-Hotels in Daytona Beach area have a high turnover. For several years every time someone walks in our office and asks us to sell their unit, I always ask why people are selling. Every time it is about "idiots on the Board", "stupid rules", etc. Never because the condition of the building. Not surprisingly, condo-hotels are so often misunderstood.
Legally condo-hotels are condominiums. Actually, the term "condo-hotels" is … (2 comments)

plaza resort spa daytona: Plaza Resort & Spa in Daytona Beach. Premiere Condo-Hotel in Times of Crisis - 07/27/09 04:56 PM
I wrote about Plaza Resort & Spa in Daytona Beach. Premiere Condo-Hotel a few times before. You can't drive past it and not notice this magnificent historic building with a clock tower capping it's 14-story building.
Started more than 100 years ago (1888 to be exact), its fascinating history captures imagination. In 1998 the resort was bought by Charles Bray and Joseph Gillespie, underwent a massive and very expensive renovation, and became how we know it now.
After the renovation, developer decided to convert the property to condo-hotel in order to pay for the remodeling. They announced the sale in the fall of 2005 … (4 comments)

plaza resort spa daytona: 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)

 
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

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Daytona Condo Realty, 386-405-4408

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

Office: (386) 255-5355

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