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Daytona’s Secret – New Luxury Condos from the $200s

DAYTONA’S SECRET – NEW LUXURY CONDOS FROM THE $200S

Does it seem too good to be true?  Owning a 2-3-bedroom waterfront, modern condominium from the $200s.

No, it’s not a postage stamp size residence, and it’s not 30 years old. Marina Grande is a new luxury twin-tower condominium located directly on the Halifax River, overlooking the Intracoastal Waterway and the Atlantic Ocean.  It’s located in dynamic new Daytona Beach, and it’s truly the opportunity of a lifetime, here’s why.

 

Marina Grande has everything you need right at home.  Two waterfront swimming pools create a tropical experience right in your own backyard.  You can also workout at the waterfront state of the art 24-hour fitness center, and Marina Grande is home to a 28-slip marina as well.

 

For the family, Marina Grande has an 18-seat movie theater and a popular game room with darts, ping-pong, foo’s ball, gaming console, and a library for other activities.

 

A wide variety of floorplans are available ranging from 1,670 to 2,369 sf of living area. Floor to ceiling glass windows and doors open to wide terraces overlooking the water.  Many are large enough for alfresco dining and chaise lounges. The residences are finished with European style cabinetry, granite countertops, and designer porcelain tile flooring and carpet.  Spacious 5-piece master baths offer glass-enclosed showers and Roman tubs.

 

If you’re not ready to make the full-time move to Marina Grande, now many be the perfect time to consider it as a real estate investment.  The seller is offering an innovative lease back program that will provide you with rental income to offset your ownership expenses.  In addition to the leaseback program, a rental management program is available on site to manage your property if you are not going to be in residence full time.

 

An opportunity that makes this much financial sense won’t last long. To compare Marina Grande to similar properties throughout the state of Florida, request a free comparison guide today.  You can also download our latest fact sheet, which includes sample inventory and pricing on specific residences.  Designer decorated models are open and available to tour daily on site.  We encourage you to plan your visit soon.  For more information visit https://daytonawaterfrontcondos.com/ or call 386.310.1337 to schedule your private tour.

 

 

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The Differences Between Coops & Condos

What You Need to Know About Condos

Condominiums are buildings or complexes that house a multitude of families with shared grounds, services, and amenities. Condos are individually assessed real estate properties that will be taxed separately from the other units by the city. While condo owners don’t have to worry about the building’s mortgage, the condo association that manages the building will determine the budget for the building and its grounds, charging each unit for a monthly “common charge.” Although a condo’s monthly cost might be lower than a similar coop might be lower, the initial purchase price will be significantly higher.

What You Need to Know About Coops

What is known as a “coop,” or a cooperative, is a corporation that owns a building. If you own a “coop,” you own stock in the corporation, and thereby have propriety rights to a specific unit in the building. How many shares in the stock you own will determine the size of your unit, the floor of your unit, and certain amenities or view. Any monthly maintenance fees are based on the percentage of shares you own to the total number of shares in the building.

When you own a coop, your monthly maintenance payment covers your share of three types of expenses:

  1. Covers your share of any basic operating costs or upkeep, such as heat, water, electricity, etc. This also covers your share of any building maintenance staff, the superintendent, management, and other building employees. Liability and other insurance for the building is also covered here.
  2. You pay your share of real estate taxes on the entire building.
  3. The last expense is either your share of the building’s mortgage, or a refinance or equity loan.

Although the list of expenses may sound like a lot of things that you’ll need to cover, the purchase price of shares in a coop will generally be lower than the price of an equal condo unit.