Florida Condo law changes effective July 1, 2010

Florida Senate Bill 1196, The Distressed Condominium Relief Act, has passed the legislature, has been signed by Governor Crist and becomes effective July 1, 2010.

The new changes will impact Florida Statutes Chapter 718 (Condominiums); Chapter 719 (cooperatives); and Chapter 720 (Homeowners Associations)

The most significant change to the condo law involves:

• Information maintained in the official Condo Association records and unit owners access to official records.

• Lenders acquiring title to a condo unit after July 1, 2010 will be liable for 12 months of unpaid assessments.

• Condo Associations may demand rent from tenants whose owners are delinquent.

• Condo Associations may fine individuals for violations the governing documents.

• Condo Associations may suspend a delinquent owner’s right to vote and to use common elements after 90 days.

• Condo owners are no longer required to submit evidence of insurance to their association.

• Condo Associations are not authorized to purchase insurance for a unit owner.

• Condo Associations may contract for Bulk internet and phone services without unit owner approval

• Condo Associations may delay or waive the retrofitting for a fire sprinkler system and up-grades to elevator and fire alarm systems that were previously required.

These are the major changes that I noted in a quick review of the law that may impact Ormond Beach and Ormond Buy The Sea condos. Since I am not an attorney please seek counsel if you have any questions about the impact or specifics of the law. The law can be viewed at:

 http://www.flsenate.gov/session/index.cfm?Mode=Bills&SubMenu=1&BI_Mode=ViewBillInfo&BillNum=1196&Year=2010&Chamber=Senate#BillText

For information about Ormond Beach and Ormond by the Sea Florida homes and condos for sale and for rent call 386-441-8245 or visit the Ocean view Realty Group web site at http://www.ovrealty.com/ where you can also search the Daytona Beach area multiple listing service (MLS) anonymously

Seabridge North vacation rental Condo Unit 102 in Ormond By The Sea Florida

Seabridge North Condominium vacation rentals

Unit 102

Seabridge North Condo
3170 Ocean Shore Blvd
Ormond Beach Fl 32176

View the ocean from this 2 bedroom 2 bath condo at Seabridge North in Ormond By The Sea Florida. Enjoy the ocean breezes and watch the sun rise over the beautiful Atlantic Ocean from your private balcony. This first floor vacation rental condo is convenient to the pool and beach. Nicely furnished and well maintained. Features a modern all electric kitchen and inside laundry. A garage is also included to protect your car from the sun and salt. The master bedroom features a king bed, walk-in closet, TV and walk-in shower. The guest bedroom has 2 twin beds. Well equipped with everything you need to enjoy your Ormond by the Sea vacation, this could be your comfy-cozy home away from home.

Pets are not allowed. Minimum rental is weekly. Trucks and trailers are not allowed on the property.

Contact Deanna or Jeanne, our rental specialists, with any questions you may have 1-800-356-3409 ovrentals@aol.com

Seabridge has become a favorite Ormond Beach condo rental for many who return each year to enjoy all that Ormond By The Sea and Central Florida have to offer. Whether you are looking for a winter getaway for several months or a week or two as a summer vacation rental, you will enjoy the sand , the surf, the pool area and the peace and quiet of Ormond By The Sea.

Questions about Seabridge North Condo? Go the Seabridge condos home page for photos and a description http://www.ormondbeachcondorentals.com/Seabridge_condo.php

For information about Ormond Beach and Ormond By The Sea Florida vacation rental homes and condos, visit the Ocean View Realty Group web site at http://www.ormondbeachcondorentals.com/

New Ocean Front Park in Ormond By The Sea, Florida

A new Ocean Front Park has just opened in Ormond By The Sea, Florida.

Volusia County has added the new park to provide additional off beach parking.

North Shore Park in Ormond By The Sea, Florida is at Roberta Road on the east side of A1A. The site was the location of the Happy Whale Condominium and the Happy Whale Restaurant. Those buildings had not been well maintained for many years and were demolished in 2001 due to an accumulation of code violations.

Part of the same project includes approximately 1 acre on the west side of A1A at Carol Road that will provide additional parking for the park.  Amenities in addition to the approximately 100 parking spaces include 2 beach access ramps, bike racks, restrooms and showers. One of the beach ramps is for handicap access.  The new park is just down the road a few hundred yards from Tom Renick Park.

Volusia County Florida property value slides

Volusia County Florida Property Appraiser Morgan Gilreath used these slides at a recent forum to graphically show the decline of the median sales prices for single family residences in the county since the bubble burst in 2006.   The first chart pretty much speaks for itself showing the rapid decline in median sales prices since 2006.

 This second slide has a red line going left to right that is the median sales price for Volusia County property.  Mr Gilreath extends the line to 2010 and estimates the median price if there were no bubble

These slides are used with the permission of Volusia county Property Appraiser Morgan Gilreath.  Mr Gilreath has posted all the slides used for his presentation on his web site.  Lots of good information there at http://webserver.vcgov.org/0609vcard.ppt

Billy’s Tap Room restaurant closes in Ormond Beach, Florida

Billy's Tap Room restaurant, an Ormond Beach landmark since 1922, has closed
Billy's Tap Room & Grill, on Granada Boulevard in Ormond Beach, northeast Volusia County, Florida now has closed signs on locked doors. The local hangout has quite an assortment of sports memorabilia and autographed pictures of sports legends and historical photos that line the interior and added to the ambience.

Chicken By the Sea closed

The Chicken by the Sea restaurant on Route A1A in Flagler Beach has closed.  Evidently there may have been un permitted modifications to the building and other issues.

Reyna’s Palette closes in Ormond By The Sea, Florida

Reyna's Palette has closed in Ormond By The Sea, Florida at 1360 Ocean Shore Blvd Suite C. Just south of the ABC Liquor Store and north of the Ocean View Realty Group office in the plaza with Speedy Mart.

Seabridge North Condo unit 111 for sale in Ormond By The Sea Florida

Seabridge North Condo unit 111 in Ormond By The Sea Florida for sale by Ocean View Realty Group

$140,000

 

Seabridge North Condominium
3180 Ocean Shore Blvd
Ormond Beach Fl 32176

Seabridge North unit 111 in Ormond by the Sea, Florida is a 2 bedroom 2-bath first floor condo. Enjoy the Ocean views from your balcony and the convenience of a first floor condo. This attractive condo is clean and comfortable with well-coordinated furnishings and decorations. The ceramic tile entry leads to a modern all electric kitchen where you can prepare your family their favorite meals. Spend the day at the beach and come home at night to quiet Ormond By The Sea. The master bedroom features a queen bed, T.V., walk in closet and a walk in shower in the bathroom. The guest bedroom has 2 twin beds. Currently tenant occupied, This unit is being sold fully furnished and equipped and ready for occupancy.

For information about Ormond Beach and Ormond by the Sea Florida homes and condos for sale and for rent call 386-441-8245 or visit the Ocean view Realty Group web site at http://www.ovrealty.com/ where you can also search the Daytona Beach area multiple listing service (MLS) anonymously.

Ocean House condo 203A for lease in Ormond By The Sea Florida

                                                        Ocean House Unit 203A

Ocean House Condo unit 203 is a spacious 2 bedroom 2 bath second floor condo with fabulous views of this beautiful Atlantic Ocean.  This rental unit is available furnished for $900 per month for an annual lease.  Water, sewer/ basic cable is included I the rent.  Ocean house condo features a beautiful pool under ground parking and a gas grill.  Rental unit 203A features a king bed and TV in the master and 2 twin beds in the guest bedroom.  A built in microwave, smooth top range and refrigerator with ice and water in the door are features that will allow you to prepare your favorite meals while enjoying the ocean view from the kitchen.  Both bedrooms are carpetweed and there is hardwood florin throughout the rest of the condo.  This unit also has a utility room with a full size washer and dryer.  No pets and no smoking please.  Owner may remove the furniture.

For information about Ormond Beach and Ormond by the Sea Florida homes and condos for sale and for rent call 386-441-8245 or visit the Ocean view Realty Group web site at http://www.ovrealty.com/ where you can also search the Daytona Beach area multiple listing service (MLS) anonymously

154 Laurie Drive Home For lease in Ormond By The Sea, Florida

154 Laurie Drive in Ormond By The Sea, Florida for lease by Ocean View Realty Group

 

A new ocean front park at the end of the street will help you enjoy Ormond By The Sea in this fully furnished 2-bedroom 2-bath rental home. The kitchen features a refrigerator with icemaker and a dishwasher and is ready for you to prepare your meals at home. The master bedroom has a queen bed, ceiling fan and a walk-in shower. The second bedroom has twin beds. This rental home at 154 Laurie Dr. has a 1 car garage, fenced back yard, screened porch and back yard patio for your outdoor enjoyment. Flooring throughout is linoleum. Available for $800 monthly for a year lease. 
Ocean View Realty Group

http://www.ovrealty.com/

For additional information about Ormond By The Sea rental homes and condos contact Deanna Thomas, our rental specialist ovrentals@aol.com
Thinking of buying or selling an Ormond By The Sea home or condo? Contact Realtor Rhonda Lehnen or Shonda Stebleton at ovforsale@aol.com
Ormond By The Sea home and condo owners....................picture your property here for rent by Ocean View Realty Group. Contact Ocean View today. At Ocean View one call does it all!

Vacation rental information is on our vacation rental web site at http://www.ormondbeachcondorentals.com/ 
Toll free--USA and Canada 1-800-356-3409
Phone 386-441-8245
fax 386-441-2407
mail to:ovrealty@aol.com

Ormond By The Sea Florida home sales for march 10 to june 10 2010

Here are some MLS numbers for the last 3 months that I put together while doing a recent BPO:

Total sales of 2 Bedroom 1 Bath homes in Ormond By The Sea Florida 14.

Lowest sale price $68,000

Highest $108,000

Average $87,900

REO and Short sales included above:

Sales 6

Lowest $$68,000

Highest $100,000

Average $83,400

The good news is.............We will get less Bad!!

On June 8, 2010 I attended an educational forum titled "Trends in the Florida Real Estate Market

and local Rental Estate Values." The two main presenters were Timothy S. Becker, Director of The Center for Real Estate Studies at the University of Florida and Morgan A Gilreath Jr., Property Appraiser for Volusia County Florida. 

    Mr. Becker reviewed the Survey of emerging market conditions,   A  Quarterly survey analyzing data to produce forecasts for 31 of Florida's 67 counties.  The survey does not include Residential resale data.  Mr Becker Summarized his overall Florida Real Estate marked forecast as "We will Get less Bad".   Improvements in unemployment and availability of capital are  required before the market can improve.  View the survey at http://warrington.ufl.edu/fire/realestate/cres/survey.asp

Mr Gilreath, who recently released the estimate of 2010 taxable values to the Volusia count taxing authorities indicated that property values in Volusia County, which includes Daytona Beach and Ormond Beach Florida declined 17% in 2009 and have declined 24% through first 5 ,months of 2010.  Property values are now at 2002 levels and are approximately half of what they were prior to the bubble bursting.

Storefront business location for lease in Ormond By The Sea Florida.

Storefront business location for lease in Ormond By The Sea Florida. By Ocean View Realty Group. 
Excellent location. Near other businesses (ABC Liquor,Speedy Mart, etc.). Approx 1200 Sq Ft $1000. Monthly.

 

Minimum year lease and $1000 security deposit required.  Directly on State Road A1A with a view of the Atlantic Ocean.
For additional information about Ocean View Realty Group and Ormond By The Sea Florida visit our web site at http://www.ovrealty.com//  or email us at ovrealty@aol.com 


Ocean View Realty Group
1360 Ocean Shore Blvd. Suite A
Ormond Beach Florida 32176
Phone 386-441-8245
Toll free--USA and Canada 1-800-356-3409
fax 386-441-2407

Thinking of buying or selling an Ormond By The Sea home or condo?   Contact Realtor Rhonda Lehnen, or Shonda Stebleton at ovforsale@aol.com

For additional information about Ormond By The Sea rental homes and condos contact Deanna Thomas, our rental specialist ovrentals@aol.com

Vacation rental information is on our vacation rental web site at http://www.ormondbeachcondorentals.com/

Ormond Beach Florida Seafood and Music Festival

Ormond Beach Florida Seafood and Music Festival

The 2010 Ormond Beach Seafood/Music Festival at Rockefeller Gardens on the Halifax will feature some of the finest restaurants in Ormond Beach and the Halifax Area and musical performances throughout the weekend will feature renowned entertainers at two performance stages.  A MarketPlace and business exhibitors will also be part of the festivities.

The festival is scheduled for Saturday June 19th from 10:00AM until 9:00PM and Sunday, June 20th from 10:00AM until 4:00PM . Admission is $3.00 for Adults, Children under 12 Free.

May, 2010 Ormond By The Sea Florida Homes sold by price range

 

May, 2010 Ormond By The Sea Florida Homes sold by price range.
Through the Daytona Beach Area Realtors Multiple Listing Service there were 19 Ormond By The Sea, Florida homes sold in May 2010. Five (26%) of the sales had bank involvement, either a short sale or foreclosure. Additionally, there are 47 homes under contract waiting closing. The highest priced home sold was a 3-bedroom on River Lane for $470,000 and the lowest priced was a 3-bedroom 2 bath on Carol Road for $60,000.


The chart below shows a breakdown of the Ormond By The Sea, Florida homes sold by price range.

Price range $in thousands	Number	1Bdrm	2Bdrm	3Bdrm	4+Bdrm	Lender involved
Under $100,000	5	0	3	2	0	3
100,000-149,999	9	0	4	5	0	2
150,000-249,999	3	0	1	2	0	0
250,000+	2	0	0	1	1	0
Total number	19	0	8	10	1	5

For information about Ormond Beach and Ormond by the Sea Florida homes and condos for sale and for rent call 386-441-8245 or visit the Ocean view Realty Group web site at http://www.ovrealty.com/ where you can also search the Daytona Beach area multiple listing service (MLS) anonymously

Volusia County Florida Pet Vet Cruiser, June 2010 schedule

Volusia County's Pet Vet Cruiser mobile clinic operates by appointment between 10 a.m. and 3 p.m. and will be at the Rockin' Ranch on June 2,7,10,21,24,28 on Nova Road in Ormond Beach.

Dates for services at the Oakbrook Professional Center on Spring Garden Avenue in DeLand are June 1,3,9,11,18,23,25 and 29.
June 4,8, and 30 at Volusia County Fire Station 23 on Pioneer Trail in New Smyrna Beach.

The Pet Vet Cruiser offers free and low-cost spay and neuter services to residents in the unincorporated areas of the county.  Fees are based on a sliding income scale.   For information or to schedule an appointment, call 386-626-6643 or visit volusia.org/animalcontrol/cruiser.htm

Ormond By The Sea Florida homes for sale May 31, 2010

  Homes for sale in Ormond By The Sea Florida

The inventory of Homes for Sale in Ormond By The Sea, Florida through the Daytona Beach Area Realtors Multiple Listing Service has increased to 131 since last month and an additional 47 homes under contract awaiting closing. Asking price for homes currently for sale range from $64,900 to $2.2 million.


                                            The chart below shows the homes for sale by price range

Price range in $ Thousands	Number	1Bdrm	2Bdrm	3Bdrm	4+Bdrm
Under 100	12	0	10	2	0
100-149	30	1	18	9	2
150-199	27	1	10	14	2
200-299	21	0	1	17	3
300-499	20	0	2	10	8
500-999	17	0	0	12	5
Over $1 Million	4	0	0	1	3
Total number of homes	131	2	41	65	23

For information about Ormond Beach and Ormond by the Sea Florida homes and condos for sale and for rent call 386-441-8245 or visit the Ocean view Realty Group web site at http://www.ovrealty.com/ where you can also search the Daytona Beach area multiple listing service (MLS) anonymously.

May 2010 Ormond By The Sea, Florida Condo Sold

Six condos sold in Ormond By The Sea, Florida during May 2010 through the Daytona Beach Area Realtors Multiple Listing Service.  There are also 16 condos under contract pending sales closing.   With an inventory of 104 Ormond By The Sea condos for sale if we continued to sell six each month and no new condos came on the market it would take almost 18 months to sell off the inventory.

    Condo                       Description                     Sold Price

Ocean Shore *            2 bedroom 1 bath                $53,250

Kingston Shores         2 bedroom 2 bath                $90,000

Sunny Beach Club*    2 bedroom 2 bath                $119,500

Ormond Breakers       2 bedroom 2 bath                $155,000

Seabridge North         2 bedroom 2 bath                $175,000

Gemini                      3 bedroom 2 bath                $440,000

*These sales involved a lender, either foreclosure of short sale.

 For information about Ormond Beach and Ormond by the Sea Florida homes and condos for sale and for rent call 386-441-8245 or visit the Ocean view Realty Group web site at http://www.ovrealty.com/ where you can also search the Daytona Beach area multiple listing service (MLS) anonymously.




     

Caffe Capri closes in Ormond By The Sea, Florida

Caffe Capri Ristorante at the Trails Shopping Center in Ormond By The Sea, Florida has closed. The popular restaurant had been in business since 2007.

Condos for sale in Ormond By The Sea Florida May 31 2010

Ormond By The Sea Florida condos for sale May 31, 2010

We began the year with 88 condos for sale in Ormond By the Sea, Florida and as of May 31, 2010 we have 104 for sale through the Daytona Beach Area Multiple Listing Service (MLS).  There are 56 priced $200,000 or lower and 3 of those are under $100,000. Additionally, there are 16 condos under contract pending closing and 7 of those were also pending last month. Below is a table breaking down the inventory by condominium name.

Condo	For Sale	Lowest $	Highest $	Year Built	Directly On The Beach
Aquarius	8	275,000	474,900	1973	Yes
Barrier Island	3	225,000	360,000	2000	No
Capriana	9	449,000	599,000	2006	Yes
Corinthian	2	125,000	159,900	1974	No
Court of Palms	1	119,900	119,900	1968	No
Fairwind Shores	5	140,000	219,000	1983-1987	No
Gemini	6	214,950	499,000	1984	Yes
Kingston Shores	7	100,000	219,900	1973	No
Leeward Winds	2	178,000	197,500	1990	No
Madeira Villa North, Central and South	5	134,200	164,900	1972	No
Oceanaire	1	160,000	160,000	1984	No
Oceanside	0	0	0	1973	No
Ocean Dunes	1	139,000	139,000	1997	No
Ormond Breakers	6	139,000	175,000	1974	No
Ormond By The Sea Club	2	219,900	279,000	1972	Yes
Ormondy	2	249,900	255,000	1986	Yes
Regency Plaza	8	149,500	226,000	1974	Yes
Sand Dunes	1	154,900	154,900	1985	No
Sands Point	2	99,000	299,900	1971	Yes
Seabridge	3	199,900	229,900	1991	No
Seabridge North	5	149,900	200,000	1994	No
Spinnaker	1	69,900	69,900	1987	No
Starboard Light	1	184,900	184,900	1981	No
Sunny Beach Club	0	0	0	1990	No
Sunrise	2	189,900	219,000	1986	No
Surfside Club	4	224,000	339,750	1971	Yes
Tiffany	3	299,900	700,000	1991	Yes
Villa Sereno	5	117,500	148,000	1973	No
Winchester Manor	2	74,99`0	120,000	1974	No
Windemere Shores	0	0	0	1973	No

For information about Ormond Beach and Ormond by the Sea Florida homes and condos for sale and for rent call 386-441-8245 or visit the Ocean View Realty Group web site at http://www.ovrealty.com/ where you can also search the Daytona Beach area multiple listing service (MLS) anonymously.