600 N Atlantic Avenue Unit 305, Daytona Beach, FL 32118

$75,000
1
BA
513
SqFt

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Sold Price
$75,000
List Price
$79,000
Status
Sold
Days on Market
49
Closing Date
Nov 25, 2024
MLS#
T3491790
Property Style
Condo - Hotel
Year Built
1969
Bathrooms
1
Living Area
513
Total Acreage
Non-Applicable
Monthly Condo Fee
961
Legal Subdivision Name
Plaza Resort & Spa Condo
MLS Area Major
Daytona Beach/Holly Hill

Property Description

Under Construction. Exceptional investment opportunity for a direct oceanfront unit in what promises to be an upscale resort! Third Floor unit in the historic Daytona Beach Plaza Resort and Spa. EXTRA LARGE (513 sqft) and desirable corner studio unit with great OCEAN AND NORTH VIEWS! from TWO BALCONIES. The Plaza Resort and Spa has a rich history in the World's Most Famous Beach and boasts one of the best oceanfront locations with walking distance to restaurants, shops and entertainment. Some of the exclusive Amenities include a 15,000 sq. ft. European spa complete with a salon, state-of-the-art fitness center, sparkling heated pool, full bar, restaurant, and on-site management. The property is currently undergoing a massive $45 million renovation with a goal to take this to a 5 Star luxury resort. All units are being completely renovated and the building is closed during this work which is expected to complete Mid 2024. The renovations will include new flooring, furniture and hurricane shutters for a turnkey investment unit. The owners are able to occupy their unit 60 days of the year and rent it out using the hotel rental program; split is approximately 50/50. Please note the photos of the unit and building are from before the gutting and renovation work and are solely provided to give an idea of the spaces and views - not what the updated unit will look like. The Plaza Resort and Spa is presently closed for renovations, Sale is cash as conventional financing is not available. This unit sold for over $200,000 almost twenty years ago, and when finally completed this unpolished gem will shine! All information is deemed accurate but not guaranteed. Buyer is expected to perform Due Diligence.

Additional Information

Taxes
$318
Minimum Lease
1-7 Days
Hoa Fee
$961
HOA Payment Schedule
Monthly
Maintenance Includes
Cable TV, Common Area Taxes, Pool, Electricity, Insurance, Maintenance Structure, Management, Other, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
Condo Fees
$961
Condo Fees Term
Monthly
Community Features
Deed Restrictions, Security
Property Description
One Story
Zoning
HOTEL
Interior Layout
Open Floorplan
Interior Features
Open Floorplan
Floor
Carpet
Appliances
Bar Fridge, Cooktop
Utilities
Public
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Other
Exterior Features
Balcony, Sliding Doors
Roof
Other
Foundation
Other
Pool
No Pool
Pool Type
In Ground
Water View
Beach
Water Access
Beach
Water Frontage
Beach Front
Pets
Not Allowed
Floor Number
3
Flood Zone Code
beach
Parcel ID
5304-14-00-0305
Legal Description
UNIT 305 PLAZA RESORT & SPA CONDO PER OR 5663 PG 2330 PER OR 5665 PG 1910 PER OR 5729 PGS 0324-0325 PER OR 5760 PG 2283 PER OR 5817 PG 1864 PER OR 6333 PG 4397 PER OR 6366 PGS 2649-2650

Listing courtesy of KARLHAUS REALTY. 386-788-1988

Selling Office: COLDWELL BANKER REALTY.

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