Great investment opportunity in a new condo development that broke ground in 2006 and went bankrupt shortly after the crash (while it was being built). ONE of the original developers has recently re-acquired the property and is now selling the units at less than cost.
This is an ideal time to buy into these units as the pricing will not last. Most investors that buy these units rent them out on an annual or monthly basis. The benefit to this is that there is a property management that company that handles EVERYTHING. They have approximately 10 units available for sale that are currently under a one-year rental lease agreement.
The year-long leases rent between $1500 and $3500 per month while the 30 day rentals are priced at $2000 to $4000.
Daytona's desirability levels have increased dramatically over the last several years. Hard Rock is in the process of adding a hotel less than a mile from the subject complex and the Daytona 500 complex is also undergoing a 400 MM USD renovation as we speak. They are also building "One Daytona" across the street from the stadium. All three of these attractions are expected to be completed between 2016-2017. This will further increase the condo values in the area.
Note: Units are now ranging from $235-500k. All units have ocean views.
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Daytona Beach Oceanfront Condos by Mona Cherkaoui - World Properties Group
1. P l a c e s I n T h e S a n d
The Florida Real Estate Boom
R i g h t P l a c e , R i g h t T i m e
2. Th e Flo ri da Bo o m | Six Markets in Focus
HOT REAL ESTATE
Sales taking off in South Florida,
Tampa-Sarasota, Naples, Orlando,
Jacksonville, Daytona Beach
Three are out of reach for most of us
Daytona Beach
– The next boom market on the East Coast
Tampa
Orlando
$$$$
Dayton Beach
Jacksonville
Fort
Lauderdale
West
Palm
Beach
Miami
Sarasota
Naples
$$$$
$$$$
3. Th e Flo ri da Bo o m | Daytona Beach: The next boom
Hotels, entertainment, retail, sporting venues and
clean technology fueling the boom
Tampa
Daytona Beach
Jacksonville
Fort
Lauderdale
West
Palm
Beach
Miami
Sarasota
Orlando
$$$$
Naples
$$$$
$$$$
RIGHT PLACE, RIGHT TIME
Investors in Daytona Beach see a
solid, growing, vibrant economy
At the crossroads of I-95 and I-4, Daytona Beach is
easily accessible to the major markets of Orlando,
Jacksonville and Tampa, and is served by multiple
international airports
4. Th e Day to n a Bo o m | ‘The Turning Point...’
We have developed such
significant momentum with
Daytona Beach. I think this is a time
we’ll all look back on and say we
were there. I think this is the turning
point for the city.
— City Commissioner Carl Lentz
“
“
” We’ve never seen anything like this in
Daytona before. It might be the tip of the
iceberg of a new era.
— Mark Soskin, associate professor
University of Central Florida
”
5. Th e Day to n a Bo o m | Surge in New Development
INVESTING IN FUTURE
• $1 billion
+ in capital projects announced
• 30,000 new jobs
• 40,000 new residents
INVESTING
IN FUTURE
■ $1 billion+
in capital
projects
announced
■ 30,000 new
jobs
■ 40,000 new
residents
IN FUTURE
■ $1 billion+
in capital
projects
announced
■ 30,000 new
jobs
■ 40,000 new
residents
Surge in new developmentThe Daytona Boom
INVESTING
IN FUTURE
■ $1 billion+
in capital
projects
announced
■ 30,000 new
jobs
6. Th e Day to n a Bo o m | Surge in New Development
DAYTONA RISING
The reimagining of an American icon –
Daytona International Speedway, with 60
corporate track-side view suites, 101,000
fan-base capacity
• Projected completion: January 2016
• Investment: $400 million
• New jobs: 18,000
• Construction jobs: 6,300
• Economic impact: $1.6 billion
Surge in new developmentona Boom
TING
TURE
llion+
pital
ects
unced
00 new
00 new
ents
7. Th e Day to n a Bo o m | Surge in New Development
ONE DAYTONA
More than 1 million square feet of fine
dining, retail, a hotel and a cinema.
• 181 Acres
• Construction Start: 2014
• Projected Completion: Jauary 2016
• New jobs: 4,200
TURE
llion+
pital
ects
unced
00 new
00 new
ents
8. Th e Day to n a Bo o m | Surge in New Development
HARD ROCK HOTEL
30-story tower, including two rock stars
suites, 28,000 square feet of ballroom
and banquet space, in partnership with
Canadian Developer Bayshore Capital
• Projected Completion: 2016
• Investment: $400 Million
• New Jobs: 18,000
• Construction jobs: 6,300
• Economic Impact: $1.6 Billion
INVESTING
IN FUTURE
■ $1 billion+
in capital
projects
announced
■ 30,000 new
jobs
■ 40,000 new
residents
9. Th e Day to n a Bo o m | Surge in New Development
A1A BEACHSIDE COMEBACK
From new condo hotels to retail, from
the Seabreeze Bridge to the pier,
transformation is underway.
• Daytona Beach Pier, historic attraction
that recently reopened after a $5 million
restoration
• Protogroup Inc.’s Daytona Beach convention
hotel by Russian development group,
opening Fall 2015
• Multiple hotel and retail upgrades along
tourism and dining corridor
Surge in new developmentThe Daytona Boom
A1A BEACHSIDE
COMEBACK
From new condo hotels to
retail, from the Seabreeze
Bridge to the pier,
transformation is
underway.
■ Daytona Beach Pier,
historic attraction that
recently reopened after a
$5 million restoration
■Protogroup Inc.’s
Daytona Beach convention
hotel by Russian
development group,
opening Fall 2015
■ Multiple hotel and retail
upgrades along tourism
and dining corridor
10. Th e Day to n a Bo o m | Surge in New Development
MARINA VILLAGE
A recently approved
riverfront destination concept
• Anchored by MG on the Halifax
and existing businesses
• The area will include a new hotel and
nautical-themed restaurants and shops
• Improvements would also be made to the
Halifax River Greenway Trail, a trail running
from Port Orange to Ormond Beach
11. Th e Day to n a Bo o m | Surge in Rental, Housing Demand
MORE RESIDENTS,
MORE VISITORS
55% 38%
• 8.3 million tourists annually
• 40,000 more new residents in next 10 years
in Daytona Beach core
• Snow bird magnet
• Favored retirement destination
• Condo market sales up, inventory down
M E D I A N S A L E S P R I C E M O N T H LY S U P P LY O F I N V E N T O R Y
DAYTONA CONDO SALES: AUG 2013 year over year
All the hiring will help the
housing market.
“— Sean Snaith, Institute for
Economic Competitiveness,
University of Central Florida
”
12. Th e Day to n a Bo o m | Destination For Business
AVIATION, AEROSPACE HUB
• Home to the world’s oldest, largest and most
prestigious university specializing in
aviation and aerospace - Embry-Riddle
Aeronautical University.
• Five local airports
• FAA NextGen Test Bed at Daytona
International Airport
Destination for businessThe Daytona Boom
AVIATION,
AEROSPACE HUB
Home to the world's
oldest, largest and
most prestigious
university
specializing in
aviation and
aerospace - Embry-
Riddle Aeronautical
University.
Five local airports
FAA NextGen Test
Bed at Daytona
International Airport
Destination forThe Daytona Boom
AVIATION,
AEROSPACE HUB
Home to the world's
oldest, largest and
most prestigious
university
specializing in
aviation and
aerospace - Embry-
Riddle Aeronautical
University.
Five local airports
FAA NextGen Test
Bed at Daytona
International Airport
Destination for businessThe Daytona Boom
AVIATION,
AEROSPACE HUB
Home to the world's
oldest, largest and
most prestigious
university
specializing in
aviation and
aerospace - Embry-
Riddle Aeronautical
University.
Five local airports
FAA NextGen Test
Bed at Daytona
International Airport
13. Th e Day to n a Bo o m | Destination For Business
EXCEPTIONAL HEALTHCARE
Halifax Health, building on an 83-year
history of healthcare services in East
Central Florida
• Ranked among top 5% of all hospitals in the
nation for clinical outcomes
• Centers for orthopedics, spinal surgery,
stroke services, vascular services,
cardiology, pediatrics
Destination for businessThe Daytona Boom
EXCEPTIONAL
HEALTHCARE
Halifax Health,
building on an 83-year
history of healthcare
services in East
Central Florida
Ranked among top
5% of all hospitals
in the nation for
clinical outcomes
Centers for
orthopedics, spinal
surgery, stroke
services, vascular
services,
cardiology,
pediatrics
Destination for businesThe Daytona Boom
EXCEPTIONAL
HEALTHCARE
Halifax Health,
building on an 83-year
history of healthcare
services in East
Central Florida
Ranked among top
5% of all hospitals
in the nation for
clinical outcomes
Centers for
orthopedics, spinal
surgery, stroke
services, vascular
services,
cardiology,
pediatrics
14. Th e Day to n a Bo o m | Destination For Education
• Nine regionally accredited universities
• Serving 30,000 students
• Nationally recognized institutions, including:
- Daytona State College
- Florida State University College of Medicine
- Embry-Riddle University
- Palmer College of Chiropractic
- Bethune-Cookman University
- University of Central Florida
Destination for educationThe Daytona Boom
Nine regionally accredited universities
Serving 30,000 students
Nationally recognized institutions, including:
Daytona State College
Florida State University College of Medicine
Embry-Riddle University
Palmer College of Chiropractic
Bethune-Cookman University
University of Central Florida
Destination for educationThe Daytona Boom
Nine regionally accredited universities
Serving 30,000 students
Nationally recognized institutions, including:
Daytona State College
Florida State University College of Medicine
Embry-Riddle University
Palmer College of Chiropractic
Bethune-Cookman University
University of Central Florida
Destination for educationThe Daytona Boom
Nine regionally accredited universities
Serving 30,000 students
Nationally recognized institutions, including:
Daytona State College
Florida State University College of Medicine
Embry-Riddle University
Palmer College of Chiropractic
Bethune-Cookman University
University of Central Florida
Destination for educationThe Daytona Boom
Nine regionally accredited universities
Serving 30,000 students
Nationally recognized institutions, including:
Daytona State College
Florida State University College of Medicine
Embry-Riddle University
Palmer College of Chiropractic
Bethune-Cookman University
University of Central Florida
15. Th e Day to n a Bo o m | Destination For Culture
ARTS, HISTORY,
SIGNATURE EVENTS
• John. D. Rockefeller Winter Home
• Daytona Beach Arts Festival
• Halifax Art Festival
• Daytona Beach Symphony Society
• Museum of Arts & Sciences
• Historic Peabody Auditorium
• Daytona 500 & Rolex International
• Bike Week
• Seafood Festivals
Destination for cultureThe Daytona Boom
ARTS, HISTORY,
SIGNATURE EVENTS
■John. D. Rockefeller
Winter Home
■Daytona Beach Arts
Festival
■Halifax Art Festival
■Daytona Beach
Symphony Society
■Museum of Arts &
Sciences
■Historic Peabody
Auditorium
■ Daytona 500 & Rolex
International
■ Bike Week
■ Seafood Festivals
Destination for cultureThe Daytona Boom
ARTS, HISTORY,
SIGNATURE EVENTS
■John. D. Rockefeller
Winter Home
■Daytona Beach Arts
Festival
■Halifax Art Festival
■Daytona Beach
Symphony Society
■Museum of Arts &
Sciences
■Historic Peabody
Auditorium
■ Daytona 500 & Rolex
International
■ Bike Week
■ Seafood Festivals
Destination for cultureThe Daytona Boom
ARTS, HISTORY,
SIGNATURE EVENTS
■John. D. Rockefeller
Winter Home
■Daytona Beach Arts
Festival
■Halifax Art Festival
■Daytona Beach
Symphony Society
■Museum of Arts &
Sciences
■Historic Peabody
Auditorium
■ Daytona 500 & Rolex
International
■ Bike Week
■ Seafood Festivals
39. Exclusively offered by Remax Downtown
Contact:
Bill Corio - Program Director
Phone: 407-947-0697
Email: Bcorio@Gmail.com
Exclusively offered by World Properties Group
Contact:
Mona L. Cherkaoui
407-947-5736
mona@worldprogroup.com