Daytona Beach Condos

Pendleton Club Condominium. May 2016

Pendleton Club Condominium is a riverfront (Intracoastal) condominium building. One of the first condos not only in Daytona Beach, but also in Florida. Even though it was built in 1963, it is still one of the best-built condominiums in the area. Very sturdy, inside corridor system, doorman, one door to your unit, and the other door from the corridor to your kitchen for groceries…

I am sure in the 60s this was the most luxurious building in the area. Excellent grounds. Large pool, could be heated but the owners choose not to heat in winter as nobody use it, and the cost of heating is substantial.

There is a concrete walkway along the river on the property, benches… Mature trees crate shade over BBQ area. Pendleton has its own ramp for the boats, and some owners keep their kayaks attached to the fence.

Pendleton Club Condominium has a dock, so if your aspirations go further than a kayak, and you have a boat, you might have to wait in line, but eventually get your own dock right where you live and the cost is very low. Or you can keep your boat in designated pots on the parking lot for a nominal monthly fee.

There are one-, two- and three-bedroom units. Majority of units are two-bedroom/two baths.

Currently there are only 6 two-bedroom/2 bath units for sale in the building. No one-bedroom units, no 3-bedroom units for sale. Prices for two-bedroom condos range from $115,000 to 129,900.

How does it stack up?

5 condos sold in 2016. Lowest priced was $90K, but there was only one for that price and all other sold units were over $120,500. So far no real change in prices.

But if you compare to sales in 2015, you would notice the difference right away.

There were 8 units sold in 2015. 3 units were sold for less than $100K and the lowest priced unit was only $67K. And the highest sold price was only $113K. And yes, they were all the same 2 bedroom/2 bath units.

We see that some condos are showing higher market heat index than others. Pendleton is still rather cool…

Good news for buyers… A bit more patience for the Sellers to make really good news for them…
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First published on my personal website

 

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