Ocean Walk Wyndham Resort in Daytona Beach

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

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.Ocean Walk Resort in Daytona Beach

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 ameni1 bdr units for sale in Ocean Walk in Daytonaties. 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.

Sold 1 bdr units in Ocean Walk in DaytonaNotice 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.

If you are looking tot buy a unit in Ocean Walk or any other condo-hotel or condo in Daytona Beach area, give me a call at 386-405-4408, or shoot me an e-mail

Ocean Walk Resort in Daytona Beach

Ocean Walk Resort in Daytona Beach

Ocean Walk Resort in Daytona Beach

Ocean Walk Resort in Daytona Beach

Ocean Walk Resort in Daytona Beach

 

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Topic:
Home Buying
Location:
Florida Volusia County Daytona Beach Ocean Walk
Groups:
Realtors®
All Things Florida
Condos, What you need to know?
Condo Specialists
31 Days of May Challenge 2011
Tags:
daytona condohotels
ocean walk resort
ocean walk
cheap oceanfront condos daytona
ocean walk resort in daytona beach
daytona condotels
ocean walk wyndham

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Rainmaker
494,668
James Lowenstern
Castles Unlimited® - Newton, MA
Castles Unlimited. Newton MA Real Estate

good post...good analysis of the current "micro-market" for that complex.

May 18, 2011 03:40 PM #1
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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

Thanks, James

May 18, 2011 03:48 PM #2
Rainmaker
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Geri Sonkin
Douglas Elliman Real Estate 516-457-7103 - Merrick, NY
Long Island Real Estate & Staging Expert

Jon, aside from the very helpful information for anyone interested in that condo-hotel complex, your photos are nothing short of spectacular.  What an asset for buyer or seller.

May 18, 2011 04:41 PM #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

Geri - thank you. I used to spend exorbitant amount of time trying to do slideshows. The fact is that few people watched them. But way more people look at the photos.

Thanks for  noticing

May 18, 2011 04:44 PM #4
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Wow! I haven't been to Daytona since I was a teenager taking summer trips there with my folks! It sure has changed A LOT!!!!!!!!!!!!

May 19, 2011 01:51 AM #5
Rainmaker
436,710
Gina Tufano
Ask Gina & Company with Pearson Smith Realty - Sterling, VA
Ask Gina & Company, Northern Virginia Real Estate

This is one of Florida's most beautiful areas and your pictures show it - thank you!

May 19, 2011 01:52 AM #6
Rainmaker
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Vadim Zolotarevskiy
FunCoast Realty & Management, LLC - Daytona Beach Shores, FL

Jon, cool pictures. Love this magnificent resort with all their amenities. Itis very different from anything else in the area

May 19, 2011 10:51 AM #7
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