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.
Property Features
Bedrooms
- Bedrooms: 0
- Primary Bedroom Dimensions: 22 x 15
- Primary Bedroom Level: First
Other Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Open Floorplan
- Flooring: Carpet
Appliances
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
Kitchen and Dining
- Kitchen Dimensions: 7 x 5
- Kitchen Level: First
Exterior and Lot Features
- Balcony
- Sliding Doors
- Road Surface Type: Asphalt
Waterfront and Water Access
- Water Features: Beach
- Beach Front
Pool and Spa
- Pool Features: In Ground
- Spa Features: In Ground
Manufactured and Mobile Info
Home Features
Homeowners Association
- Association: Yes
- Association Amenities: Fitness Center, Pool, Recreation Facilities, Security
- Association Fee: 961
- Association Fee Frequency: Monthly
- Association Fee Includes: Cable TV, Common Area Taxes, Pool, Electricity, Insurance, Maintenance Structure, Management, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
- Calculated Total Monthly Association Fees: 1922
- Association Name: Joseph Adessa
- Association Phone: 4072744848
- Pets Allowed: No
Condo Info
- Unit Floor In Building: 3
Rental Info
- Lease Term: Minimum Lease: 1-7 Days
Amenities and Community Features
- Community Features: Deed Restrictions
Other Property Info
- Community Association WaterFeatures: Waterfront
- Annual Tax Amount: 318.34
- Source Listing Status: Pending
- County: Volusia
- Directions: INTERNATIONAL SPEEDWAY EAST TO ATLANTIC AVE NORTH TO PLAZA RESORT
- Tax Year: 2023
- Ownership: Condominium
- Source Property Type: Residential
- Area: 32118 - Daytona Beach/Holly Hill
- Property Subtype: condo
- Source Neighborhood: PLAZA RESORT & SPA CONDO
- Parcel Number: 5304-14-00-0305
- Postal Code Plus 4: 3803
- Subdivision: PLAZA RESORT & SPA CONDO
- Township: 15S
- Zoning: HOTEL
- Property Features: Condo Fees: 961 Monthly
- Property Subtype: Condo - Hotel
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 513
- Year Built: 1969
- Builder Name: Plaza Resort
- Building Area Source: Public Records
- Building Area Total: 513
- Direction Faces: East
- Levels: One
- Property Age: 55
- Property Condition: Under Construction
- Levels or Stories: 14
- Building Total Stories: 14
- Structure Type: Studio/Efficiency, End Unit
- Elevator: Yes
Utilities
- Sewer: Public Sewer
- Public
- Water Source: Public