89 Oceanfront Condominium in Ormond Beach, Florida

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

89 Oceanfront Condominium is … an oceanfront condominium at 89 South Atlantic Ave in Ormond Beach. 89 Oceanfront Condominium Ormond BeachI 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 89 Oceanfront Condominium Ormond Beachhave 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.

picture of Jon ZolskyIf 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.

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Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Jon, I am looking at those photos and thinking how nice it would be.... And no 13th floor made me laugh. When my oldest was born we were on the 14th floor, which was of course the 13th floor. She was born on a Friday the 13th, full moon, and that was certainly the 13th floor no matter what the sign said.

Looks like a great place to buy, and with the living rooms facing the ocean, that is just one more reason to buy there!

Feb 02, 2011 10:06 PM #1
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Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Jon, nice presentation on this Condominium and the photo of the beack makes me want to travel to Florida now.  I am planning a trip to Vero Beach in March...and can not wait. 

Feb 03, 2011 10:18 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

Andrea - withh so many bad signs together she should be very lucky. It plays this way

Feb 03, 2011 04:43 PM #3
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Buy Daytona condos for heavenly good prices
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