Aliki 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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