ALIKI & OCEAN RITZ CONDOMINIUMS IN DAYTONA BEACH
The developer - Andy Xepapas - as the legend has it, called the first one Aliki Condominiums built in 1973 in honor of his wife Aliki. There are several condos developed by Xepapas, and they are all Alikis: Aliki Tower, Aliki Forum, Aliki Atrium...I heard that Ocean Ritz was initially also called Aliki, but changed the name when developer sold the project.
Was it a sign of love? I can only guess today.
The developer obviously loved light and sun, and all his projects have plenty of both. Basically, Aliki and Ocean Ritz Condominiums are glass 20-story towers with wrap around balconies and glass from floor to ceiling. I don't think this is the most elaborate architecture, but they still look great.
Each floor has 6 units, with the numbers going from direct oceanfront (north-east corner) #1, then one middle unit west of it - #3, and then north-west corner unit - #5, and then another row of units 2,4, and 6.
Practically all units are 2/2, corner units are 1,330 sf, middle units are a bit smaller. All have gorgeous views of the ocean, and from the 7 floor - the Intracoastal.
Even though they look identical, Ocean Ritz, built one year later, is different in that all corner units have hook-ups for washer and dryer inside - a rarity at that time. They also have a coin laundry with two washer and two dryers on each floor. The balconies are not really wide, but very long and run uninterrupted the whole length of the unit, which for corner units is quite a distance, and you can jog if you do not want to get down to the beach.
Amenities are pretty standard. Social room, gym, pool…
Location of the buildings is perfect. This is a well developed area of the beach with Bellair Plaza (a major are shopping center anchored by Publix) is walking distance, and this is the area of the best restaurants in town. You can call it a restaurant row.
Presently there are 16 units for sale in both buildings: 9 in Aliki and 7 in Ocean Ritz, starting from $189,000 for a corner unit (not oceanfront) and up. The lowest priced direct oceanfront is $300,000. Have to admit that I have not seen prices for less than $200K for a very long time. The units there were selling at over $500K at the leak of the market.
But do not bet on these low prices, it is the only unit for that price, next lowest is $209K, and inventory is half of what it was just a year ago, so these prices are not going to stay.
Thinking of a place to call home in Daytona Beach area, or just a vacation spot on the ocean? Call me 386-405-4408