Aliki Condominiums, Daytona's Popular

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Real Estate Broker/Owner with Daytona Condo Realty, 386-405-4408
https://activerain.com/droplet/4t48

Aliki CondoAliki Condominiums
2828 North Atlantic Ave
Daytona Beach, FL 32118.

120-unit Condominium built in 1973 is one of the most popular condominiums in Daytona Beach. 21-story building has undegone substantial renovations, and is now ready to please owners and guests.

2 bdr/2 bath units have floor -to-ceiling windows and wrap around balconies.

3 months ago our listing there was the least expensive in the building at $324,900. We had several showings but no real takers. My client can't reduce any more, as he has a mortgage and reducing would mean taking a short sale route, and he does not want to do it.

On the left side of the table are today's listings, starting from an astounding $225,000. These prices were in 2003. On the right side I am showing for what units in this building were selling at the height of the market (that's the reason I am showing the dates). The Solds do not correspond to the units for sale now, these are simply 8 last units sold in this building (notice that there are still high priced units there), and the actual sales of similar units.

This least expensive unit comes at $181 per sq. ft. What a difference from $450-$500 per sq. ft. that we saw just 3 years ago. But let's not fool ourselves that the prices are on a free fall. $180 is a construction cost for an oceanfront condo nowadays. If this is not the time to buy, then when?
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Unit # Condo Bedr Baths Size Asking   Sold Date
404 Aliki 2 2 1240 $225,000   $475,000 8/1/2005
306 Aliki 2 2 1330 $296,000   $429,000 7/25/2006
206 Aliki 2 2 1330 $299,000   $419,000 10/14/2005
1705 Aliki 2 2 1330 $324,900   $400,000 8/19/2005
1903 Aliki 2 2 1240 $350,000   $399,900 9/9/2005
1202 Aliki 2 2 1330 $399,999   $399,900 2/13/2007
101 Aliki 2 2 1330 $402,000   $392,850 5/27/2005
902 Aliki 2 2 1360 $410,000   $390,000 11/30/2004
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Rainmaker
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Katrina Madewell
Charles Rutenberg Rlty- More than 5,000 agents(813) 777-1196 - Tampa, FL
Tampa FL Homes for sale | Tampa Bay - (813) 777-1196

I love Daytona Beach.  I used to spent much time there when I was a bit younger (pre marriage and kids anyway).  Prices have dropped considerably, making it a great time to buy beach front homes.

Katrina

Oct 12, 2008 03:09 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

Katrina - When the money were available, it started changing to the better. Of course, it did not last long, and now there is a lot of oceanfront vacant land. Wating for the money to start floating again, and the beachside will become gorgeous with all those beautiful projects planned.

Oct 12, 2008 03:22 PM #2
Anonymous
Chris Wright

  I used to manage this building.  I was always impressed with the construction.  I rode out some pretty substantial storms there and I never worried about the construction.  Always a beautiful building and a great location.

Apr 24, 2011 02:29 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

Hi Chris,

Glad to hear from you. You obviously know this building like few others.

Thanks

Apr 24, 2011 03:44 PM #4
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