231 Riverside Dr
Daytona Beach, FL 32117
Multifamily For Sale · Multifamily Property For Sale

CBRE is pleased to present Marina Grande, a 298-
unit waterfront investment opportunity in the worldfamous
Daytona Beach area on Florida’s east coast.
Completed in 2007, these twin, luxury high-rise
residential towers offer breathtaking intracoastal and
Atlantic Ocean views and class “AAA” features such
as granite countertops, 9’ ceilings, floor to ceiling
windows, stainless steel appliances, ceramic tile, jetted
tubs, and contemporary cabinetry and lighting. This
486-unit community was built as condominiums, and
the original unit sales averaged more than $548,000
before the recession. The remaining 298 units are
now being offered in bulk, and present investors with
the tremendous opportunity to acquire control of this
trophy asset significantly below replacement cost just as
the condo market is starting to take off.
Visitors from all over the globe have been drawn to the
Daytona area’s first-class beaches and amenities for
more than 30 years. Home to Daytona International
Speedway, this area of Volusia County attracts more
than 8 million visitors each year. The property is easily
accessible from Daytona International Airport, and is
only a 30 and 50 minute drive from Orlando’s two
international airports. Marina Grande is located directly
on the Intracoastal Waterway across the Seabreeze
Bridge from the Atlantic Ocean, and is just 15 minutes
from Interstate 95 and Interstate 4.
This gated community’s irreplaceable location is
matched by the property’s unique features. Residents
and visitors have access to a state-of-the-art on-site
fitness center, two main lobbies with concierge service,
a 10,000 SF clubhouse, a private movie theater,
covered garage parking, a fishing pier, and two large
resort pools directly on the water. The project is also
approved for at least 32 boat slips with the opportunity
to add more. CBRE is also marketing the adjacent
Phase II parcel, which currently contains 108 highlyoccupied
rental units (Blue Tide apartments) and is
shovel-ready to redevelop into 486 additional condos
in two high-rise towers. The same group owns Marina
Grande and Blue Tide, and will consider selling these
two trophy waterfront projects together or separately.
As the market continues to recover, this premier
location presents new ownership with various rental,
condo-hotel, time-share, and re-sale opportunities at
entry pricing that’s unavailable in South Beach and
other Florida markets.