Why is it a perfect time to own a vacation condo in Oceans Grand in Daytona Beach Shores? Timing
is everything and we are on the brink of reaching original prices of 2004-2005 pre-construction era here in Daytona Beach Area. Just like everything else in life goes through cycles so do the prices of real estate. Catching the right moment is tricky and I doubt we can ever pinpoint just the day or even the month when prices start going back up after a long downward spiral, but every investor wants to be on the very bottom of the cycle when making that decision to purchase. Many believe that time is now.
Oceans Grand was built in 2006 and is one of the latest condos in Daytona Beach Shores, and the last condo built in the Oceans part of the Shores. It is perfectly situated between the Intracoastal and the Ocean and is sitting right in the center of the 9-hole Golf Course. Part of the popular Oceans complex it was planned in the 70s and its 21 stories project was grandfathered in - before the city has set the height limit to 120', and not more than 12-story high.
Condominium is surrounded by an a 9-hole executive golf course and is right next to Daytona Shores Racquet Clubs' tennis courts. Oceans Grandoffers amenities like heated pool, saunas, Hot Tub, Gym, Community and game rooms, Dog Path, underground parking and more. Coded doors at every entry point offer peace of mind to the residents. Shopping Plaza with Publix Supermarket, two pharmacies and a Bank of America branch make this a very convenient location on the beachside in the heart of Daytona Beach Shores.
Built in 2006 it boasts 187 residences consisting of 2-Bed/2 baths units with den or 3 Bed/3 Bath condos. Living and most of bedrooms have a balcony and the view of either the Atlantic Ocean or the Intracoastal, or both. Modern kitchens have GE appliances in either white or stainless steel finish, granite countertops, plenty of cabinets and counter space. All baths have matching granite countertops and vanity cabinets finish. Master Baths come with Jacuzzi and stand alone showers. Bedrooms are spacious.
Oceans Grand allows for monthly rentals and with its newer construction and amenities it offers it is a very popular destination for snow birds as well as vacationers seeking great accommodations near the beach in the Shores. Condos there are always in high demand for the winter season and owners enjoy pretty good profits that help them pay for a portion of their expenses on the unit. There is currently a waiting list of people willing to rent a unit for several months in the winter and any unit with a decent view is sure to be a good seasonal rental.
Currently prices for a 2Bdr./2Bths + Den startfrom $239,900 and go up to $599,900 for # Bdr/3Bths Highest prices in this building reached $425,000 for a 2Bdr./2Bths in 2006 and $600,000 for 3 Bdr/3Bths in 2007!
I manage several long term and short term condos in the building and I can vouch for the interest in rentals in this condominium. Every person that ever rented from me here had only positive things to say and 90% of people come back to rent again! This in itself speaks for the value people see when they rent condos in here. Please contact me with any questions about this or any other properties in the area and I will be glad to help you with it.
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