Decline in Real Estate prices created some of the most incredible opportunities to own condos or homes right on one of the most affluent neighborhoods in classy and charming Ormond Beach, right along the Atlantic Intracoastal Waterway, on one of the most recognizable streets in greater Daytona Beach area - John Anderson Drive.
There are 14 active listings on MLS starting with $195K for a 2 bdr/2 baths condo residences with half bath and going al the way to $525K for a 3 bdr/3 baths units with half bath.
There were only two 2 bdr/2 baths units sold in 2009 with the lowest at $169,000, and the last 3 bdr/3 baths condo sold in 2008 for $325K.
MLS shows 27 homes on the Volusia County side of John Anderson Drive listed as Active. The lowest priced small home across the street from the Intracoastal is just under $200K.
The first direct Intracoastal is a smaller (1688 SF) home with a dock and lift for $557,000, and the most expensive home is a luxurious 6,467 SF estate home built in 2001 on a 2 acre of riverfront. This $3,750,000 magnificent home has 7 bedrooms and 5 baths and was was originally listed for $5 Mil. (Photo courtesy of Trulia).
This Saturday the owners of a large (over 2,800 SF) two bedroom/3 bath riverfront home at 2690 John Anderson Drive will have an open house, and on that day they will reduce the price of their home from $575,000 to $495,000 to see if that reduction will result in a offer of their fully remodeled home with a dock and lift station.
It was listed in 2008 for $1,199,000, and on Saturday somebody may get it at just under $500K. Unbelievable prices. You could not buy a piece of vacant land on John Anderson Drive for that money just 4 years ago...
Here are some pictures of that house.