Daytona Beach, located on the east coast of Florida, is a popular destination for tourists and residents alike. Although the area was severely impacted by the hurricanes in 2022, the community has rebounded impressively. Tourism is stronger than ever with over 10 million visitors flocking to Daytona Beach in 2022 alone, and the many annual events will keep those numbers high for years to come. With beautiful beaches, warm weather, and plenty of amenities, it's no wonder why so many people are choosing to buy a condo in Daytona Beach right now. Here are 10 reasons why you should consider buying a condo in Daytona Beach:
1. Affordability: Compared to other coastal communities in Florida, Daytona Beach condos are more approachable, making it an attractive option for buyers looking for a good deal. This is especially true now, post-hurricane. Even though the rest of the real estate market continues to appreciate, condo prices in the Greater Daytona Region have come down because of unknowns such as assessments for seawall repair along the coast. These costs have mostly been paid by now, and the construction is well under way up and down the coast. You can take advantage of the lower prices, while ALSO getting a condo with a brand new or completely renovated seawall. What does that mean to you? A stronger investment at a steal of a price.
2. Strong rental market: With its popularity as a vacation destination, Daytona Beach has a strong rental market, making it a great investment opportunity for those looking to rent out their condo. Just take a look at the annual events in the area HERE. The countless conventions, rallies and races, also come with higher event pricing, and bigger returns for vacation rentals. If you find a property that allows short term rentals, you can generate a decent income from your condo, even when you're not using it.
3. Beautiful beaches: Daytona Beach is known for its beautiful wide white-sand beaches, which are perfect for swimming, sunbathing, and just about every water sport. Drive right onto the beach with all of your family's beach gear in tow or hang out for the day at one of the many beachfront parks and public access points. Whether you're looking for a relaxing day in the sun or an active day of surfing and paddleboarding, Daytona area beaches have something for everyone.
4. Great weather: Its warm and sunny climate makes Daytona Beach a great place to live or vacation year-round. The average temperature in Daytona Beach is around 70 degrees Fahrenheit, with plenty of sunshine throughout the year. This means that you can enjoy the outdoors all year long, whether you're playing golf, fishing, or just taking a walk on the beach.
5. Plenty of amenities: Daytona Beach has the amenities of a big city with a small town vibe. Take in Guy Fieri-worthy restaurants, shopping for every style, and endless entertainment options. There are plenty of shopping centers and malls, as well as local boutiques and specialty stores. The music scene in the area is quite robust, so you'll get dinner and a show at many of the fabulous restaurants, every weekend.
6. Family-friendly: Daytona Beach is a family-friendly destination, with plenty of activities and attractions for kids of all ages. There are amusement parks, go-kart racing, water parks, and family-friendly attractions, such as the Daytona Lagoon Water Park and the Daytona Beach Boardwalk and Pier. It's also home to several museums and educational attractions, like the Marine Science Center and the Museum of Arts and Sciences. With so many options available, you can enjoy quality time with your family.
7. Easy access: Daytona Beach is easily accessible by car, plane, or train, making it a convenient destination for both residents and visitors. The Daytona Beach International Airport is located just a few miles from the city center, and is ideally located at the intersection of I-95 and I-4. Really want to explore? There is also a train station in nearby DeLand, which provides easy access to other parts of the state.
8. Active lifestyle: From golf to fishing and boating, Daytona Beach is a great place for those who enjoy an active lifestyle. There are several golf courses in the area, including the LPGA International Golf Course and Plantation Bay Golf Course. You'll also discover several marinas and boat ramps, providing easy access to the Intracoastal Waterway and the Atlantic Ocean. The trails that line the coast through Tomoka State Park down to Ponce Inlet are a must-see. Whether you're a seasoned athlete or just looking to stay fit and healthy, Daytona Beach has plenty of options available.
9. Growing local economy: This one comes as no surprise, as all of Florida continues to attract new businesses and investment. The Daytona Beach area is no exception, included in the #6 spot (Volusia County) for growth in the state. Several projects are under way with many in the earlier stages of making their home in and around Daytona Beach. While the area has kept its charm as a beach town, it's evident that the secret is out - people and businesses want to be here.
10. Strong community: Daytona Beach has a strong sense of community, with many events and festivals throughout the year that bring residents and visitors together. The Daytona Beach Bike Week and the Daytona Beach Biketoberfest are just two of the many events that take place in the area. There are festivals every weekend so you can fill your social calendar to your heart's content. With so many opportunities to connect with others, you can effortlessly make new friends and enjoy the community spirit.
Buying a condo in Daytona Beach has never been a better idea. At affordable prices, a strong rental market, beautiful beaches, great weather, plenty of amenities, family-friendly attractions, easy access, active lifestyle, cultural attractions, and strong community, Daytona Beach has something for everyone. Whether you're looking for a vacation home, a rental property, or a permanent residence, Daytona Beach is a great place to invest in real estate. Start looking for your oceanfront oasis now!