New Condo Name in Daytona Beach Shores

By
Real Estate Broker/Owner with Daytona Condo Realty, 386-405-4408

Actually, this is a new name but not a new Condominium Building in Daytona Beach Area. Recently Islamorada Condominiums in Daytona Beach Shores were solIslamorada Condod to Canadian Investors, and they are changing the name to Opus.

The investors bought it for about $12 Mil, which is half what the original developers Jim Mack and Alan Koch owned to Wachovia Bank.

Exit Realty of Daytona will be handling sales. Prices start from low $200s and as of now I do not know how high they will go. Hope the sales will be brisk. Hate seeing an empty brand new building right on the World’s Most Famous Beach.

Read more about this condominium in Daytona Beach Shores in my relatively recent blog How To Buy 53-unit Oceanfront Condo Building for $100

 

Picture of Jon Zolsky

Call me if you are interested

in buying a brand new unit in a brand new building in Daytona Beach Shores. 386-405-4408

 

 

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ilamorada condo daytona
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Rainmaker
131,575
Vadim Zolotarevskiy
FunCoast Realty & Management, LLC - Daytona Beach Shores, FL

Oceanfront is oceanfront. With $12 Mil purchase price they got a great deal. Even selling in this market, they will make money

Dec 27, 2010 09:52 AM #1
Rainer
38,773
I Pike
Ormond Beach, FL

I am sure they will sell it off in less than a year. Spring comes, there will be plenty of people, who are thinking of having something on the beach. Especially after the winter like this.

Dec 27, 2010 09:58 AM #2
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Selling Daytona paradise for heavenly good prices

Yep, maybe not as much as they would have made at the leak, but it should still be profitable

Dec 27, 2010 10:02 AM #3
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Selling Daytona paradise for heavenly good prices

Inga - we'll see

Dec 27, 2010 10:03 AM #4
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Jon Zolsky, Daytona Beach, FL

Selling Daytona paradise for heavenly good prices
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