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O.
Kheir, Broker Associate and REALTORˆ®
Multi-Million Dollar Producer
RE/MAX Signature
3340 South Atlantic Avenue
Daytona Beach Shores, FL 32118
Cell: 386.527.8492
Fax:
425.955.2959
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Cash in on pre-sale
profits in the country's hottest beachfront real estate market: The
greater Daytona
Beach area.
Very small deposits on preconstruction
properties can bring huge payoffs in appreciation for investors who
purchase
before building starts in this market where we have seen soaring prices.
Daytona
Beach
Shores, FL Feb. 4, 2004 -- Many pre-construction
condos
are selling a record speeds. The release of phase I of Marina Grande on
the Halifax has brought on
great excitement as
the first big development along the Intracoastal Waterway.
At the rate oceanfront condo
prices are soaring, the Halifax River is soon to
follow suit. Some
investors are reserving several units at a time as the greater Daytona
Beach area
remains one of the most
undervalued pre-construction markets in the United
States.
The Captiva in Daytona Beach Shores
O. Kheir, CDPE , REALTOR® with RE/MAX Signature, has been busy calling back investors that ask
him to
stay abreast of the pre-construction opportunities along the Atlantic
Ocean and more
recently, The Halifax
River. Since investing in real estate has been be one of the safest
investments
an individual can make in this day and age. "You gotta get in early
early
on any preconstruction project so you
(the investor) can be assured the lowest
price, and of course, best choice of units," says Kheir who operates The NewDaytona.com,
and has dominated the
Daytona Beach
pre-construction
market for the few months. He has not only pre-construction condos and
homes,
but has commercial property available for developers to buy. One parcel
is
across the street from the Atlantic
Oceans and a new
luxury condo project
that recently commanded over $1.2 m per unit. Other oceanfront
condominium
projects are slated to begin construction and numerous others are in
the
permitting stages.
The St.
Maarten is completed - ask
O. Kheir, CDPE for units
The sizzling Daytona Beach
condo market is turning up the
heat. With most oceanfront lots not available at any price,
ocean-starved
developers are going vertical to meet the demand for housing and
vacation
condotels. Presales of luxury high rise condos and "condotels" along
the Daytona
Beach are
skyrocketing, with a dozen new high-end projects already in
progress and more on the way. Developers are catering to sophisticated
investors by offering a bundled package of lavish fully furnished
units, onsite
leasing agents and nightly rentals tied to the local casinos, and the
return on
investment for these condos is so high that many projects are sold out
before
ground has even been broken. Anticipated appreciation rates in the
double-digits are also fueling the fire.
Island
Crowne is under construction ask O. Kheir, CDPE for units
Some
of the most expensive
yet
highly sought after property can be
found away
from Main Street
in Daytona Beach, Florida.
As the "Most Famous Beach in
the World” and an oceanfront destination just minutes from Orlando
“The Favorite Tourist Destination”
this area will always be in demand. Nearby, Daytona
Beach Shore’s
oceanfront condos are the
hottest are the hottest investments right now. Within walking distance
to the Atlantic Ocean, The Halifax River, and
restaurants,
shopping, banks are right at your doorstep. Prices range from $300,000
to $1.5
million depending on location, square footage and water views, for a
two
bedroom/two bath condo. O. Kheir, CDPE will be listing “ A 4000 plus square
foot
penthouse home in the sky – with numerous builder upgrades” for around
$1.4
million, representing a very low price per square foot for new
oceanfront
construction. This top of the line extraordinary new condo offer
breathtaking
views of The Atlantic Ocean and the The Halifax River. The New York
Times Magazine
recently wrote "Beyond Fast Cars and Spring Break, a New Daytona Rises!"
Towers
Grande recently completed - ask O. Kheir, CDPE for units
Since the recent hurricanes of 2004, Daytona Beach
remains a jewel in the rough. Mr.
Kheir gets numerous calls a day from interested investors, especially
those who
are able to capitalize on their equity from other national markets.
Condotels
(condominiums that are operated as hotels) are bringing a lot of
attention to
the area. They remain quite affordable for most first-time investors,
because
two bedroom condos have climbed to the $400,000 to 800,000+ range.
According to Mr. Kheir, the
market seems poised
to take off again in the Spring of 2006, with a frenzy of home buyer
activity
occurring right after New Years Day. All in all, one would do well to
consider
the up-and-coming Daytona
Beach
real estate market as part of a savvy investment portfolio.
Retirees
from all over the country are choosing our area for the
perfect
weather and reasonable home prices, which add to the investment
potential.
The Ocean
Villas completed now ask
O. Kheir, CDPE for units
By going to contract prior
to
construction in our area investors should
be able
to benefit hugely from the projected appreciation increases before even
closing
on their purchases. Those who purchase multiple units in several
projects
should do exceptionally well in 2007 before rising inflation costs
drive prices
up even more.
(386)
527-8492
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