Plaza Resort & Spa in Daytona Beach. Market Snapshot

By
Real Estate Broker/Owner with Daytona Condo Realty, 386-405-4408

Plaza Resort & Spa in Daytona Beach. I wrote extensively on this condo-hotel resort.

PlazaThere 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 attractive, but at this junction in the market the polar prices are so very close, that it is not uncommon to see a direct oceanfront unit to go for less money than a street unit.

To be honest, direct oceanfront does not necessarily has a better view than oceanview unit, expecially in Plaza Resort & Spa. 03 and 04 lines provide terrific view, which, in my opinion, rivals and even exceeds the beauty of the view of direct oceanfront units in the Tower part of the resort.

To make it easier, I used only 10 units. In Active (available for sale) these are the least expensive. In Sold the are last 10 sales.

And, of course, if you are looking for a condo-hotel or a condo in Daytona Beach Area, here's my phone number: 386-405-4408, or you can simply drop me a line in the e-mail.

 ACTIVE

UNIT # ASKING PRICE EXPOSURE VIEW
725 $39,900 West City
104 $43,500 North Oceanview
519 $44,900 South Oceanview
728 $48,900 West City
628 $50,000 West City
804 $51,900 North Oceanview
1416 $53,900 South Oceanview
420 $59,000 West City
1216 $59,000 South Oceanview
504 $89,900 North Oceanview
       

 SOLD

UNIT # SOLD PRICE EXPOSURE VIEW
115 $79,000 East Oceanfront
1215 $43,000 South Oceanview
420 $28,144 North City
836 $75,000 East Oceanfront
835 $75,000 East Oceanfront
1007 $79,900 East Oceanfront
116 $75,000 East Oceanfront
1122 $45,000 North Oceanview
1110 $48,000 South Oceanview
110 $40,000 South Oceanview
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Rainmaker
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Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Nice detailed report. Featured at Condo Benefits.

Jan 09, 2010 10:55 PM #1
Rainmaker
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Vadim Zolotarevskiy
FunCoast Realty & Management, LLC - Daytona Beach Shores, FL

Everything has a reason. There should be a reason why there is more activity in Plaza than in other resorts.

Jan 10, 2010 01:54 AM #2
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Thank you, Will

Jan 10, 2010 02:06 AM #3
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Vadim - There is a good reason why there is so much more activity in Plaza. Units that initially were sold by the developer in the $300,000 -$450,000 range are now being sold on short sale or foreclosures for 10-12 cents on the dollar, and at the  same time, the occupancy and the daily rate still keep it in the black.

A stricking contrast to some other condo-hotels, with similar asking prices or higher, but where the  operations are in the  red

Jan 10, 2010 02:06 AM #4
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