Ocean Walk Wyndham Resort in Daytona Beach is a combination of a condo-hotel with whole owners (that's how they call them) and timeshare. 19-story South Tower was built in 2001. It has more units owned by whole owners, than under time share arrangement.
North Tower, added in 2004, a 25-story building, has majority of units as time share. This is quite a unique arrangement for Daytona Beach condo-hotel market, with the exception of 25 time share units in Harbour Beach Resort.
It creates opportunities, and some stability, as cycles for condo-hotels and timeshare are very different. Condo-hotels are dead in December, for example. However December is one of the busiest times for timeshare.
So, there are always people in their fast and quiet elevators, there are always people in their several outside pools and in lazy river and on water slides, and, if the weather is not great, there is an indoor pool.
On the other hand it created a tension between the whole owners and the management company, Wyndham Resorts, who are mostly geared towards timeshare operations. The relationship is strained to say the least. There was a massive lawsuit by the condo-hotel owners, and I do not know if it is over, which I doubt.
This is the only condo-hotel, which was built like such, not converted from an old hotel, like every other Daytona Condo-Hotel. This is the premium Daytona Resort and the only one that offers such an array of amenities. Gorgeous place.
Because there are not many whole owners' units in the North Tower and only 2 of them are one-bedr units, I am showing here the lists for South Tower.
No studios, one bedroom units with stoves. 2 bedroom units are usually lock-outs where both sides have small kitchens, and can be rented separately. There are also a few full 2 and even 3-bedroom units.
Notice that prices inched up, and inventory is down. For 166 whole owners units in the South Tower, having only 3 one-bedroom units for sale is unusual. Not a normal sign of Buyer's market.
Note the difference between the asking prices in 2010, and today's prices. Of course, it is still negotiable, but you are not going to get a unit for $132K.
«Yes, but the media says the market is still going down». I do not know. If they say it, the market most probably is going down. But this is not the market, this is Ocean Walk Wyndham Resort, and here the prices are up.