Second Thoughts About Daytona Beach Resort & Conference Center

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

I posted Daytona Beach Resort & Conference Center yesterday. I drove there to take a few «fresh» photos, and by the time I got there, the weather was far from being perfect. I could not help thinking that so far every time I come to take photos, the weather was not cooperating.

Daytona Beach Resort & Conference Center

So, today I made a trip there again and took a few photos of this quite impressive condo-hotel with 322 rooms, one of the largest resorts in Daytona Beach area. You can read the description in the yesterday's blog. I only wanted to add some details, which I did not include yesterday.

Daytona Beach Resort & Conference Center

There are no limitations on owners stay. Which is good. Owners can have 2 pets under 20 pounds. Not the guests, only the owners. This makes it one of the most liberal condo-hotels in the area. As far as I know, Castaways Beach Resort is the other one that allows owners to bring pets, but you can't compare Daytona Beach Resort & Conference Center to Castaways.

Daytona Beach Resort & Conference Center

They use 2-year rental agreement. Split between the owners and the rental management company is 50/50. Owners can rent their units themselves; however, I would be very cautious doing it. It looks very easy, but this is the furthest from reality. Front Desk has about 230 units in rental program, which is a good number. Rentals are done by the developer's management company. Developer owns the first floor (commercial space).

Developer has 60 unsold units, but they are not selling their units at this time. All units for sale in the resort are by individual owners. I spoke to the Owners' Liaison Donna Holland, who was very helpful, and she said the Board meets at the resort once a year. Usually, this is a sign of the Developer’s Association. Same arrangement is in Plaza Resort & Spa (BTW, there are quite a number of similarities between Plaza Resort & Spa and Daytona Beach Resort & Conference Center, but this is for another blog).

Daytona Beach Resort & Conference Center

 I checked my archives and found documents from 2000, when they just started the conversion. It is interesting to look at over 10 years back. Maintenance fee was $195 a month. This is a far cry from today's $450 a month. Increased insurance premiums are a big chunk of it.

Daytona Beach Resort & Conference Center went a long way from where they were 10 years ago. Yes, the maintenance fee was low, but their rentals were dismal at that time, and the property did not look anywhere this nice. Donna told me that their Group Sales Department does a terrific job and they keep their meeting space busy. It is somewhat a surprise for me. Of course, income from conventions goes to the developer, but these groups stay in the resort and owners offset their expenses with rental income.

image of Jon Zolsky, FunCoast RealtyThe resort has their share of people not paying maintenance fee, but so far they are holding their grounds, and did not have any Special Assessment, like it happened in some other condo-hotels. And this is a big plus.

If you are interested in units in Daytona Beach Resort & Conference Center, or any other condo-hotel or residential condo, call me 386-405-4408.

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

Jon, this looks like a really nice place. I saw the other post, and the prices are fantastic! If I were in the market for a condo-tel in the Daytona Beach area I would be calling you. I realize the more I read about them, the more I would want to make sure my agent knew everything, like you, about the condo-tel market.

Love those pools!

Jun 07, 2011 11:37 PM #1
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Dick and Dixie Sells
Sells Real Estate, LLC - Trinity, FL
Realtors, Tampa Bay Florida Homes For Sale

Jon, this looks like a great place. I love that splash pool with the tall mushroom fountains. Some of our grandchildren would just love that. You knowledge of the area stands out!

Jun 08, 2011 12:23 AM #2
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Lynn B. Friedman
Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ... - Atlanta, GA
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Dear Jon,  

Lots of beautiful water options!  Makes me want to jump in!

BTW - I re-blogged your "nirvana/Microsoft wordpost this morning. Thanks for the great instruction!!!

Have a happy day - 
Lynn

Jun 08, 2011 01:00 AM #3
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
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Andrea - thhis is a very cool thing if you know it. Basically for the price of 2-3 timeshares you get your own unit.

Jun 08, 2011 03:00 AM #4
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Jon Zolsky, Daytona Beach, FL
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Dick & Dixie - thanks. Isn't it cool?

Jun 08, 2011 03:01 AM #5
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Jon Zolsky, Daytona Beach, FL
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Thanks, Lynn.

"Nirvana" was so long ago, and you still found it, wow!

Jun 08, 2011 03:02 AM #6
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Bob Jakowinicz
National Realty Centers Livonia--Bob Jakowinicz - Livonia, MI
Michigan Real Estate Agent-- MI RE Adventures

Looks like a great place to vacation and you live there!  How lucky are you?

Jun 08, 2011 05:44 AM #7
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Nathan Tutas
Tutas Towne Realty, Inc. - Davenport, FL
Your Central Florida Real Estate Expert

That looks like a beautiful condo-hotel. We have quite a few here and most are in the middle of a legal mess because of all the foreclusres. It's nice to see a successful version of what these resorts could be some day soon. Some in my area are selling for 5k-10k, but they stay pending for years because of title problems and legal problems. I'm sure at some point it will work itself out though. Great pics by the way.

Jun 08, 2011 08:02 AM #8
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
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Bob - and yes, I live in this area, on the Beachside. Maybe this was the only smart thing I did since coming to the US (which was the smartest thing ever)

Jun 08, 2011 09:42 AM #9
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
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Nathan - everything in Orlando is grandiose. Condo-hotels got into trouble because too many were converted at the same time, and the market just could ot bear it.

The market will eventually straighten, and they will once again become a viable option for vacationers, and, of course, more expensive one tha it is now.

Jun 08, 2011 09:44 AM #10
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Geri Sonkin
Douglas Elliman Real Estate 516-457-7103 - Merrick, NY
Long Island Real Estate & Staging Expert

Every time I see your incredible photos of the housing options in Daytona, I want to pack a bag and go.  You really do them justice.

Jun 08, 2011 03:45 PM #11
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