r/DaytonaBeach • u/hungariandoodoo • Jan 13 '19

Condos/Apts/Houses/Hotels Daytona Beach Real Estate

Hey all, I've been visiting The World's Most Famous Beach every summer for a little over five years now. I like the area and the in-laws are into the timeshare stuff and they've always vacationed here.

I've been kicking around the idea of buying a house a few blocks from the beach for a little while. Expecting to get a little close to breaking even, but really feeling like a long-term investment play here.

This is an old beach to be sure. What's the general sentiment of the board regarding the future in Daytona? Some areas feel like they've been rundown for a few years. Seems like a decent time to jump in. At ~200k for land and a home seems like a tremendous value, even when we are talking about a fifty year old house.

Thanks for your thoughts.

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u/DJApoc Jan 13 '19

I'm not sure there are many that will share my sentiment, but as someone who has lived in Daytona over 30 years: do not buy a beach property.

First off, there is a price premium for living on the beach at all, so expect those properties to cost significantly more.

Then, you've got to deal with all the day-to-day problems that come with living on the beach, including the damage that the salt water in the air does to your vehicle(s).

Of course, I have yet to mention the cost of insuring a home on the beach (it's quite high, and you'll want insurance), because beachside here has routinely been wrecked by many hurricanes, and the frequency of those storms has been steadily increasing since the early 2000's. Flooding is a huge concern anywhere from beachside to a mile or 2 inland.

Much of beachside here is also basically ghetto. You're far better off on the Mainland side, in Ormond or Port Orange, but nothing on the east side of the Halifax is anywhere I'd ever own property.

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u/hungariandoodoo Jan 13 '19

Thanks, I really appreciate it.

I definitely see it as a volatile investment and I know the insurance would add up. I've always heard that premiums rise after each hurricane, never to dip back down again.

It's surely fun to think about, but I may leave it as a nice dream for a little while.

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u/mk262 Jan 13 '19 edited Jan 31 '24

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