Daytona Beach Property Market
Florida Real Estate Buying Guide
Daytona International Speedway
- Population: 61,000
- Condo: $60,000 – $1.4m
- Family home: $160,000 – $7.7m
- Waterfront: $400,000 – $7.7m
- Investment Potential rating: ****
- Nearest international airport: Daytona Beach International Airport, 3 miles
Daytona Beach is sometimes called the most famous beach town in America, and is also a mecca for motor sports, being the location of the Daytona International Speedway and the headquarters of NASCAR. The city has a variety of historic districts, a water park, a museum of arts and sciences, a museum of photography, and the ocean center. Massive groups of out-of-towners arriving for various events throughout the calendar can swell population to over 200,000.
There is the wide range of activities, shopping and nightlife you would expect to cater to huge groups of tourists, and 23 miles of beaches to be enjoyed in the Daytona Beach area. There are also a wide range of cultural activities, including international music festivals, and many art galleries and museums.
Daytona Beach Property Market Summary
Daytona Beach has a thriving condo market with ‘condotels’ available waterfront for around a $60,000 starting price. These are investment properties, in essence, a studio hotel room with mini kitchen, catering directly to the seasonal rental market.
Waterfront family condos can be found from around $140,000 and family homes a block from the water start at around $240,000. Beachfront properties can be found for $400,000 rising to the top price of $7.7 million, although most of the luxury market in fact lies in the $750,000 to $2.4 million range. Inventory is around 30 percent down on the same time last year, and prices are rising steadily.