Daytona Beach, FL Real Estate News

By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Since we opened our own brokerage in 2002, we used Johnson & Johnson Attorneys and Counselors at Law for all closings, where we represented the Seller. There were a few closings with heirs living in other countries, who did not understand English and did not understand the law, and were afraid of being screwed... We had other very complicated cases, which we closed only because of them...Their office was a few minutes' walk from us. It tried to portray this solid “attorney” look, but it was cluttered, had the pictures of children and grandchildren on the walls, and floor-to-ceiling bookshelves with volumes and volumes of laws, massive oak tables and heavy chairs still looked less of an office but rather like a home with many memories and character…And in the middle of it all was Ronald ...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
If you are looking for the least expensive condo-hotel in Daytona Beach area, you will stumble into a $22,500 unit in Daytona Inn Beach Resort. Of course, resort is not the best word to describe this budget (very budget, forgive me my English) condo-hotel in Daytona Beach, but this is the name, so I use it.If the price sounds too good to be true, you are both right and wrong.Wrong because contrary to many other areas in the country our market is stagnant at best, and is slowing down as we speak, even though it feels that we have exhausted this direction...We seem to go back to 2011… again.Right, because $22,500 is only part of the cost. The resort just started the concrete restoration, which they will be doing in phases. So, this is the first phase. Financed via Special Assessment, whic...
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By Joyce Marsh, Joyce Marsh Real Estate LLC - Coast & Luxury
(Joyce Marsh Real Estate LLC)
      The Best Spots for "Holiday Shopping" or Shopping Anytime.... in the greater Daytona Beach/Ormond Beach/Port Orange Metro Area. Shopping in the Greater Daytona Beach Metro Area for the Holidays can be fun as you search for the perfect gift or the best prices.Where to go for the best shopping selections, prices, will depend on what you are looking for, but there are many options for you to shop and enjoy the day. Boutiques, Specialty Shops, Bargains and more... The Holidays are quickly approaching.  I don't know about you, but every year I try to get a head start on my Holiday shopping.  I have found that by shopping early, you can take advantage of the best selections, and early mark downs!"After living here in the Daytona Beach Metro area for many decades, I definitely know the "...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
I am continuing the series of short market reports about condo-hotels in Daytona Beach area. The general overview of condo-hotel market is here.A post about Daytona Beach Club is here. And a post about The Plaza Resort & Spa is here.When talking about condo-hotels, it is difficult to be exact in describing their overall ambiance, and they are all very different, so I use the ratings on Tripadvisor, so if you do not like it, or you do not agree with it, take it to them:) Daytona Beach Resort & Conference Center positive rating is 69%, Which is pretty good.Daytona Beach Resort & Conference Center at 2700 N Atlantic Ave. is at the top of the food chain so to say. One of the nicest condo-hotels, competing with Plaza Resort & Spa.It is in the area of Daytona, which is farther north from the ...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Plaza Resort & Spa has 82% positive reviews according to Tripadvisor.com as of September 21, 2015. Which is darn good, by the way. And it tells you that this is one of the best condo-hotels overall. And if I say that it is in trouble, that may raise eyebrows.But it is true. Plaza Resort & Spa and Oceanside Inn are both underpriced today, and it is because both have problems.One problem is Special Assessment. Both resorts have some concrete restoration work going on, and  Buyers tend to shy away from the work in progress.Funny, as when the work is completed, then prices go up by $20K-$25K within couple of months. And then people buy…The classic example for me was Hawaiian Inn, where during the restoration work the prices fell to $15K, and there were quite a few units for sale for less th...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
When talking about condo-hotels, it is difficult to be exact in describing their overall ambience, and they are all very different, so I use the ratings on Tripadvisor, so if you do not like it, or you do not agree with it, take it to them:)Daytona Beach Club has 27% positive reviews (September 21, 2015). Not that great, of course.Daytona Beach Club is a 117-room oceanfront condo-hotel, which at one time 6-7 years ago lost the rental management company, and since then they do not have the Front Desk. Does it affect them? I believe it does, and it is an adverse effect.I believe that a condo-hotel should have a functional Front Desk. But it is difficult to survive with small condo-hotels. Profit margins are extremely competitive... To their defense, they are not the only condo-hotel, that...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Labor day came and gone, things are getting slower, it is just a notch less hot, and it starts feeling cooler and nicer. The water in the ocean is still at the peak, 83F. Beautiful and quiet time.The streets are more deserted, the crowd is in Daytona only on weekends… the fall is around the corner.Traditionally our real estate market slows down after the Labor Day, but if it happens this year it would be a bit strange, as we did not have the real estate Spring and Summer, which used to be most active real estate season. It was flat at best.But Real Estate market is not homogenous. Something moves, and something is not. What about condo-hotels in Daytona Beach area?Currently there are 177 units for sale on the Beachside. Here is the breakdown by a condo-hotel:Castaways                   ...
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By Joyce Marsh, Joyce Marsh Real Estate LLC - Coast & Luxury
(Joyce Marsh Real Estate LLC)
Why "Shovel Snow" when You could be Swimming this winter in this Heated Oceanfront Pool on the World's Most Famous Beach... Daytona Beach! Central Florida Oceanfront Condo For SaleEast Coastof Florida   Daytona Beach Oceanfront Luxury CondoFor Sale at "THE OPUS"2701 S. Atlantic Avenue, #501, Daytona Beach Shores, FL 32118Search for Current Inventory Condos in Daytona Beach AreaLive in Luxury and Style at The Opus Condo Directly on the Ocean Located on the Coast of Central Florida near OrlandoThis Condo Shows like a Model! Amazing Sunsets!       Neutral Color Scheme - Ceiling Fans, Wide Vista Windows Enjoy beautifully Decorated & Spacious Interiors with 8'8" Ceilings Master Bedroom with Private Balcony & Walk-In Closet Inside Laundry with Washer/Dryer Luxurious Master Bath - Separate Sho...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
If you are looking for condos in Daytona Beach area, you are in the right place. You can find information about every condo building in Daytona area on our website. No other website offers it the way we do. No other local real estate brokerage specializes solely on condos and condo-hotels. It is even called Daytona Condo Realty.But even if you read all the information, it is only the tip of the iceberg. There is more to it than what you can find on any website, or learn from a condo owner, or learn from a real estate agent except a very small group of agents, specializing in condos.We do not hide what we know but condos involves way more expertise than simply the knowledge  about the Association Dues, and the location…You may read everything about some medical condition, but would you c...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
August is over and it is time to look what is there on the market, which I would recommend to my friends and clients.Criteria: Beachside (between the Ocean and Intracoastal) Price $150K-$250K Over 1,000 sf MLS returned 119 condos for sale fitting these criteria. Some are very small, also there are more than one condo in a complex/building, so after removing them I ended up with these 24 condos. Some are oceanfront buildings, some are not, but have exceptional views, or newer and much larger... Whatever is more important for you.Let's look at sales. From January 1 to August 31 in 2014 there were 193 condos sold in this category. This year in the same period of time there were 194 condos sold. Seems the market is still flat. Actually, this is what we fill anyway. Very different in a price...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
This is the question I have received in the email. The Buyer checked the Property appraiser's website and is worrying about financing her purchase because the asking price is higher than the tax assessment. It is simple. Mortgage people do not base their decision on tax assessment. They base it on Appriasal.Tax Assessment of a property only indirectly reflects the market values. The appraisal and recent sales would probably be much closer to the asking price.Property taxes is a slower system to reflect the change in the market, and while market can theoretically change on a dime, tax assessments here are updated once a year.So, in a hot Daytona market of 2005-2006 the market value could be much higher than tax assessment for the same property. And when we saw the market falling, the tax...
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By Olympus Executive Realty Inc., Home Of The Top Producers
(Olympus Executive Realty INC.)
DAYTONA BEACH  HOTELS, MOTELS & RESORTS FOR SALE IN DAYTONA BEACH, FL.PLEASE INQUIRE ABOUT CURRENT STATUS!Contact JohnnyYour Orlando Hotel, Motel & Resort SpecialistJohnny Sarantopoulos / 954.610.5859InvestmentAcquisitions@gmail.com PLEASE CALL FOR CURRENT & UPDATED INFORMATION ON WHAT IS AVAILABLE IN DAYTONA BEACHAre you looking for Hotels, Motels & Resorts to add to your local or Global investment portfolio?   We can represent you in the acquisition of any hotel, motel & resort property in the U.S.Bankrupt Properties / Bank Managed Properties / Regular Sale/ Broken Asset.Proper representation is paramount during the procurement process. Contact a specialist familiar with the fundamental knowledge of the hotel, motel, resort, & lodging world.The foundation of our asset acquisition proc...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Daytona condos differ in many respects, and size, or better say, number of units is one of those.Why the size matters (I am talking about condos, guys)? A short answer is that it is tied to the size of the wallet.Let us look at two buildings: Aliki Tower and Aliki Condominiums. Built by the same developer, they are of similar age, and even similar look. Aliki Condominium is a 21-story 120-unit condominium built in 1973.Aliki Tower is a 25-story building with only 23 units taking whole floor. Built in 1978.Usually like in this example the choice is easy because of the huge price difference, however, in many other condos it is not as noticeable. I am using these as they are so similar in everything else, except the price. Every condo has fixed cost, which are part of the Association Dues....
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Is choosing condo living over a single family home a matter or lifestyle? I believe it is also a matter of personality. Simply put if you are a belly button of the world, and the whole world revolves around you, condo is not for you. This applies not only to owners, but to tenants as well.Too often the owners rent their unit and do not relay the severity of breaking the rules. While owners forget to do it, tenants may believe that rules are ridiculous, limiting, and simply crazy. Tenants often do not care about the rules.Every condo in Daytona Beach area has pest control visits scheduled on a regular basis. Usually, couple of days before the scheduled visit there is a notice on the door of the elevator warning owners that on such and such date pest control will be in the building. The t...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
Of course, something can always be done. But this is not the right question. The right question is "Will it be done?"No...It is really very simple. Last meeting of the Board was over the phone. You could tune in and listen and participate no matter where you were at that time.There are 323 units in Plaza Resort & Spa. 100 in the hands of the Bank (their Asset Management Company Redus), 223 in private hands. The issue at stake was the increase of the Association Dues to $711 from $555.29 starting from July 1.Put everyone on their toes.So, how many people participated in the meeting?  25. That’s why I say “no”.I was contacted by a few people prior to the meeting. They gave me the code. So I listened. However, none of these concerned owners participated. Hey, how can you change anything wh...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
I was planning on taking some photos and a few video fragments in preparation to changing the design of my website. Mornings were coming nice, but a bit hazy, and the sky was coming up without color, making photos unpleasant. And I was waiting, and it was getting better, but then the clouds would come, and the rain would follow, and it all become grey and unappealing…This is actually our summer weather pattern, with rain or thunderstorms in the second half of the day. And that would be fine any day, but not this weekend, as this is a big race time here, second biggest racing event after Daytona 500.It is already midnight in Daytona. Just learned that Coke Zero 400 at Daytona Speedway was delayed for 3 hours and 34 minutes, and, actually, it just started 15 minutes ago. Six previous Spri...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
 I am from the Soviet Union, and my knowledge about any religion did not go beyond that "religion is the opium for the people” (V.I.Lenin). Not that I believed it then, nor do I believe it now, but I am as far from any religion as you can only be.When we landed in J.F.K. in hot summer of 1991, and did not know what to do, I was told to go to a synagogue in Manhattan and ask for help. They gave me yarmolka, and I went to the synagogue, walked around the block and them came back and returned the yarmolka. I simply could not do it. I could not pretend that I was an opressed Russian Jew...So, when I was invited for a ceremony in a Hindu Cultural Center in Daytona Beach, I was caught napping. A former client turned friend Dr. Ramesh invited us, and I had no idea what to expect, how to be dre...
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By Joyce Marsh, Joyce Marsh Real Estate LLC - Coast & Luxury
(Joyce Marsh Real Estate LLC)
 Daytona Beach Home Pool Safety Tips Tips for maintaining a safe and secure environment around your home swimming pool or hot tub.1)  Children must be supervised at all times.  Never leave children alone around pools.2)  Designate a responsible person to watch over the water when people are swimming in ornear the pool.3)  Make sure that all young or inexperienced swimmers wear US Coast Guard approved lifejacket.4)  Make sure that everyone in your home knows how to swim by enrolling in swimming courses.5)  Establish "Pool Rules" around your pool6)  Completely surround your pool with a 4 feet high fence or barrier with a "self-closing", "self-latching" gate.  7)  Install a pool alarm that goes off if anyone enters the pool9)  Know Swimming Pool Safety10) Keep a First Aid Kit nearby11)  Ke...
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By Ron Wysocarski, CEO, Pricing Specialist
(Wyse Home Team Realty)
Daytona Beachside Condo Prices UP Drastically The Wyse Condo Team at Keller-Williams Realty in Port Orange, FL analyzed May condo sales in the Daytona Beach area and found a decrease in the number of condos and condotels sold in the Daytona Beach area in May, compared to a year earlier. However, the median sales prices for condos were up significantly - by tens of thousands of dollars – bringing great news for local condo owners. Daytona Beach MLS data shows that 89 condos and condotels sold in the Daytona Beach area during May 2015, with a median sales price of $185,000. In May 2014, meanwhile, 104 condos and condotels sold with a median sales price of $144.500.  Meanwhile, there were 103 condos and condotels sold in April 2015 with a median sales price of 125,000. Ron Wysocarski, lead...
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By Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices
(Daytona Condo Realty, 386-405-4408)
 The condo-hotel market in Daytona Beach area is pretty sluggish, but as the saying goes, some are more sluggish than the others.These more sluggish than others seem to be The Plaza Resort & Spa, and Oceanside Inn.For some reason, while we read in the newspaper that tourism is up, the County collects significantly more revenue in bed tax, these two condo-hotels are not doing great.The irony is that they represent two levels of condo-hotels and are leaders, or, better, say used to lead in their respective categories. Plaza was one of the best if not the best among higher end and more expensive condo-hotels, and Oceanside Inn was unquestionably the best among budget condo-hotels.Actually, according to the latest newsletters from the Plaza Resort & Spa, “The first quarter of 2015 was excep...
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