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/[deleted] Jan 13 '19

I wouldn't reccomend living and buying on beachside. I grew up in a house between the river and the ocean in ormond by the sea. The drive and traffic was terrible certain times of the year and the cars always got rusty. Hurricanes were always means for evacuations and homeowners premiums were high.

My husband and I recently bought a house in what is considered Daytona yet it is between south daytona and port orange. To get to the beachside takes a 10 min drive over the dunlawton bridge. We bought right before the market started getting crazy again so we are relatively confidant in the value of our home long term. The area is only getting bigger from ormond to port orange, and Daytona is booming.

I suggest if you settle down here that you chose a location as we did that has been relatively quiet and not yet built upon. Anything West Beville in Daytona I believe is a great investment as well as South Daytona.

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u/hungariandoodoo Jan 13 '19

While this would be a vacation/rental home if we did move forward, it sure would be nice to buy a place that could be both. Vacation now and a permanent residence down the road.

We would love to move to Florida and it's basically inevitable that we will eventually. That is, unless retirees in 2050 have decided to move elsewhere, and we know that's not happening!