With the market like this, we are used to see the signs "Auction" while driving along A1A. Never went to one, know that there isn't much success, as people are waiting, and the hype is simply not there.
I can only imagine auctions 4 years ago. I actually remember how we all went to Venetian Bay to make reservations for condos for our out-of-state buyers. The rules were strict and there were 5 of us, because you could not reserve more than one condo for your client.
We came at 3 AM, and there were 3 people ahead of us. We played food for mosquitoes until at 8 AM, when we were let in, and by that time there was a long line of people behind us. I remember being frustrated that they took off the market the best units, as they claimed they were reserved for their employees. The units were over $300K, and now I can go there and buy any unit I want. But it is now.
Anyway, driving past one of the best (and most expensive) buildings in Daytona Beach Shores, I noticed the sign "Auction". I have never seen units there, and this was a perfect opportunity, so I went and registered as an agent. The Condominium building is very impressive. I liked it more than Ocean Villas, it is larger, more open, and it is simply in a better location.
Units from 2/2 to 3/3.5 and from 2,025 sf to 3,005. Well thought of floor plans, comfortable layout, private elevators, huge, and I mean it, balconies, breathtaking views, exceptional quality of construction, high end appliances and cabinetry, high ceilings... terrific units.
The interesting part in this auction is that the developer, once the unit goes for bidding, can't say "no". They set the minimum bids on each type of units (same starting bidding price on similar units no matter what floor), bids start at $255K and go all the way up to $395K. But do not forget that these units were selling from $785,000 to $1,370,000.
If you would like to take part in the auction, let me know, we will register you ,and we can tell you all the details about each unit there, what type of cabinets, and other nuances. We can also represent you if you can 't be here yourself. Call me at 386-405-4408.
Jon Zolsky, your Dyatona Beach, Florida real estate connection