89 Oceanfront Condominium is … an oceanfront condominium at 89 South Atlantic Ave in Ormond Beach. I guess it happened when the naming creativity was on vacation. But it is convenient. And easy to remember…
Very good location in prestigious Ormond Beach just a few buildings south of intersection of Atlantic Ave with Granada Blvd (Rt. 40. This location in Ormond Beach does not require a car. Shopping, banks, restaurants are within walking distance. There are not that many places like that in Daytona Beach area.
This 17-story (no 13th floor, though) building was constructed in 1974 as apartment building. It was converted to condominium in 1982. Outside corridor system. 6 units per floor, total of 96 units.
All units are 2 bdr / 2 baths. 8’ ceilings, hook-ups for washer & dryer inside. Living and master Bedroom face directly the ocean, and 2nd bedroom and Dining Room face the city. Corner units have extra 3 windows on a side, which makes a big difference. They build it different now, and many units in the building have since been remodeled, making them more open.
A little weird arrangement, where each unit has two entrances. One into the Dining area, and the other to the second bedroom. Arrangement makes little sense, especially considering the minimum rental limit at 6 months, making it not a vacation rental. They also do not allow pets in the condominium.
89 Oceanfront Condominium is self managed. The Association manager, Judy, is on the property. She is the employee of the Association, and not of a subcontracted management company.
There are 7 units for sale at this time. The lowest price is $169,900 but there are serious legal problems and it may be stuck for quite some time. Next lowest unit is for 192,500. The highest asking price for a 16th floor unit is $235K.
The highest sold price at the peak of the market in 2005 was $407,500. Interestingly, if we often see today’s prices at the same level as prices in 1998-1999, it is not the case here. The prices in 1998-1999 were way under $100K.
If you prefer buying when the prices are scraping the bottom, and not when they are at the peak, inventory is very low, but there are still good deals here and there. To know exactly where in Ormond Beach or other places in Daytona Beach area, call me at 386-405-4408 or e-mail me.