Oceans Five Homes for Sale in Daytona Beach Shores, FL

Established 1988 · Intracoastal West · ZIP 32224

A direct oceanfront 1975 high-rise in the residential Oceans family on S Atlantic Ave in Daytona Beach Shores, where a zig-zag design gives every unit a true ocean view.

Direct oceanfront, every unitAll two-bedroom plansPet-friendly, short minimum

Live Market Pulse

55/100
Momentum

Balanced Market (limited data)

Tight supply keeps sellers in control, but dated interiors still trade at a discount, so condition is where buyers win.

Free · No obligation

Unlock Off-Market Oceans Five

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive DBAAR data14 years of closingsLocal renovation analysisUpdated twice daily

LiveMarket PulseDBAAR

$266K

Median Price

4mo

Supply

85days

Avg DOM

Balanced

Seller Leverage

$244/sf

Median $/Sqft

-20%

1-Yr Price Change

0now

Distress

Jon's Current Read

"Oceans Five reads as a direct-oceanfront value play inside one of Florida's most coherent residential condo districts. It is a 1975 Bellemead building of 21 stories and 113 units at 2987 S Atlantic Ave in Daytona Beach Shores 32118, all two-bedroom plans of roughly 1,028 to 1,120 square feet, with a zig-zag layout so every unit is a true direct oceanfront with Intracoastal views as well. It is reported as pet-friendly (one small pet) with a short minimum rental, which sets it apart from oceanfront daily-rental towers. The buy is condition-and-floor: resale tracks the floor, the view, and how updated the specific unit is, and the deal is read in the condo documents, the reserve study, and the milestone-inspection status of a fifty-year-old coastal building, not the sticker. Pricing context is third-party and illustrative, accessed June 2026; confirm per unit."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Oceans Five market snapshot (as of June 25, 2026): the median sale price is about $266K ($244 per sq ft), with homes averaging 85 days on market and 4.0 months of supply, a balanced market (limited data). Values are down 20% over the past year and up 53% since 2014, based on 15 recent closings in live Daytona-area MLS data.

Oceans Five is a direct-oceanfront residential condominium at 2987 S Atlantic Ave in Daytona Beach Shores, Volusia County, ZIP 32118, built in 1975 by Bellemead Corp. during the wave that created most of the Oceans family. It is a 21-story building of 113 units, six units per floor, with laundry on each floor (daytona-condos.com, accessed June 2026).

Oceans One, Three, Five, and Seven are identical in their exterior, but Oceans Five is all two-bedroom, two-bath plans of roughly 1,028 to just over 1,120 square feet with good-size balconies. The units are zig-zagged so that each one is a true direct oceanfront, and nearly all also take in the Intracoastal (Halifax River) view to the west.

Amenities are the residential-condo set: a heated outdoor oceanfront pool, a small gym, a first-floor social room with a full kitchen for resident events, one assigned space in the underground garage plus ground-level visitor parking, additional garage-level storage (fewer spaces than units, so not guaranteed), and an on-site association manager. The building completed balcony concrete restoration in 2007. It is reported as pet-friendly for one pet up to about 25 pounds, with a short minimum rental; verify both in the governing documents.

The building sits on the residential half-mile of Daytona Beach Shores, where the Oceans family runs eleven oceanfront towers with no hotels. Across S Atlantic Ave are a Publix-anchored shopping center, public tennis courts, the 13-hole par-3 Oceans Golf Club, and a pet park, so daily needs are walkable. As a 1975 coastal building it falls under Florida's milestone-inspection and structural-reserve requirements, so the reserve and inspection picture is the central diligence item.

Quick Match

Who Oceans Five is best for.

Best for

Buyers who want a true direct-oceanfront unit, which the zig-zag design delivers in every plan
Snowbirds and seasonal owners who want a residential condo, not a resort
Pet owners who want a beachside building that permits a small pet (verify current rule)
Value buyers comfortable with a 1975 building who will price condition and floor honestly

Probably not for

Daily or weekly short-term-rental investors
Buyers who need three-bedroom or large floor plans (the building is all two-bedroom)
Anyone wanting new construction or modern systems by default
Buyers unwilling to read the reserve study, milestone status, and coastal insurance

Market Pulse

How Oceans Five is performing right now

55/100
momentum

Balanced Market (limited data)

Seller's marketBalancedBuyer's market

4Months of supplytight

46Median days on marketdays

0 : 5Under contract vs for salestrong demand

15Sold in last 12 monthsliquidity

+53%Median price since 2014appreciation

+16%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from DBAAR, as of June 25, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Oceans Five listings and the trailing twelve months of closed sales.

Where prices are going$295K2026 YTD

Median sale price by year. Tap a label to compare The Oceans or Daytona Beach Shores. The 1-year price change is the median sold price over the most recent year versus the prior year, the same measure most listing sites and local Realtor reports use. It reflects the mix of homes that sold, not the change in any single home's value, which is why median price per square foot is shown alongside it to adjust for home size. In thinly traded neighborhoods, where a sale or two can swing the median, we lead with the mix-resistant price-per-square-foot trend instead.

Price per square foot$2562026 YTD

Median $/sqft by year. 2026 is year to date.

Supply and demand now5 : 0active : pending

For sale5

Pending0

Sold 12mo15

Active and pending listings now vs homes sold in the last 12 months.

8.6A- score

Momentum intelligence

Momentum buy score

Our proprietary read on how a home in Oceans Five buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Oceans Five

Live MLS inventory for Oceans Five. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

2987 S Atlantic Avenue #1501 home for sale in Oceans Five

Active · 46 daysTop listing

$369,900

2 bd · 2 ba · 1,062 sqft · built 1977

2987 S Atlantic Avenue #1501, Daytona Beach Shores, 32118

Renovated

Listed by Oceans Luxury Realty Full Service LLC

2987 S Atlantic Avenue #1602 home for sale in Oceans Five

Active · 69 days

$324,900

2 bd · 2 ba · 1,028 sqft · built 1977

2987 S Atlantic Avenue #1602, Daytona Beach Shores, 32118

Listed by Oceans Luxury Realty Full Service LLC

2987 S Atlantic Avenue #1706 home for sale in Oceans Five

Active · 243 days

$301,600

2 bd · 2 ba · 1,062 sqft · built 1977

2987 S Atlantic Avenue #1706, Daytona Beach, 32118

Reno opportunityBest value

Listed by Spruce Creek Fly-In Realty

2987 S Atlantic Avenue #303 home for sale in Oceans Five

Active · 38 days

$299,999

2 bd · 2 ba · 1,171 sqft · built 1977

2987 S Atlantic Avenue #303, Daytona Beach Shores, 32118

RenovatedBest value

Listed by 386RealEstate.com

2987 S Atlantic Avenue #805 home for sale in Oceans Five

Active · 30 days

$285,000

2 bd · 2 ba · 1,028 sqft · built 1977

2987 S Atlantic Avenue #805, Daytona Beach Shores, 32118

Reno opportunityBest value

Listed by Oceans Luxury Realty Full Service LLC

Interactive Map

Oceans Five on the map.

Every active, pending, and recently sold home, plotted. Toggle the layers, color the dots by status or lot type, and tap a home for the details.

Listing locations from DBAAR; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

Nearby & Commute

How far is everything?

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive.

Drive times from Oceans Five. They are approximate and vary with traffic and your exact start point.

The Atlantic beach~1 min · direct oceanfront access

Publix-anchored shopping center~2 to 3 min · across S Atlantic Ave

Oceans Golf Club (13-hole par-3)~2 to 5 min · public, walk-only, behind the shopping center

Dunlawton Ave bridge to Port Orange / US-1~5 to 8 min · mainland shopping and services

Daytona Beach International Airport (DAB)~18 to 22 min · about 9 miles

Interstate 95 (LPGA Blvd)~18 to 22 min · west across the river

Ponce Inlet Lighthouse~10 to 12 min · south on Atlantic Ave

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Oceans Five Homes for Sale in Daytona Beach Shores, FL with Momentum Realty’s local guides.

Oceans Six Condominium in Daytona Beach Shores, FLDaytona Beach Shores, FL · adjacent

Oceans Seven Condominium in Daytona Beach Shores, FLDaytona Beach Shores, FL · adjacent

Oceans Atrium One Homes for Sale in Daytona Beach Shores, FLDaytona Beach Shores, FL · adjacent

Oceans Three Homes for Sale in Daytona Beach Shores, FLDaytona Beach Shores, FL · adjacent

Oceans Two Homes for Sale in Daytona Beach Shores, FLDaytona Beach Shores, FL · adjacent

Oceans Eight Condominium in Daytona Beach Shores, FLDaytona Beach Shores, FL · 0.1 mi

Oceans Cloverleaf North Condominium in Daytona Beach Shores, FLDaytona Beach Shores, FL · 0.1 mi

Oceans Cloverleaf South Condominium in Daytona Beach Shores, FLDaytona Beach Shores, FL · 0.1 mi

Oceans West One Homes for Sale in Daytona Beach Shores, FLDaytona Beach Shores, FL · 0.1 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr

Oceans Five (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take

Volusia County Public Schools
Verify the zoned schools by address
Magnet and choice options may be available
Confirm current ratings before relying on them
Private and parochial options nearby

Oceans Five is served by Volusia County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Oceans Five address.

The takeaway

What is actually moving near Oceans Five, sourced and dated. We do not publish rumor.

Recent Developments in Oceans Five

Development Intelligence

Our read on what is being built around Oceans Five, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe Daytona Beach Shores oceanfront story is incremental: Florida's post-Surfside milestone-inspection and reserve rules now apply to older coastal towers like this 1975 building, while a residential community trades on condition, floor, and supply rather than new construction.

Florida milestone inspection and SIRS rules reach 1970s oceanfront towers

NeutralNotable impact

SignificanceRadius: Daytona Beach Shores barrier island

Florida's milestone-inspection and structural-reserve requirements apply to coastal buildings within three miles of the shoreline; Oceans Five completed balcony concrete restoration in 2007, but its current Phase 1 status and reserve funding should still be read before any offer.

Coastal insurance and wind premiums on barrier-island condos

NeutralNotable impact

SignificanceRadius: Volusia barrier island

Barrier-island oceanfront addresses carry flood-zone and wind-insurance exposure; the master policy sits in the fee, but the per-parcel FEMA zone and the building's deductible allocation should be verified before contingencies are waived.

Every-unit oceanfront and pet-friendly character

BullishMinor impact

SignificanceRadius: Oceans Five

The zig-zag design gives every unit a true direct oceanfront view, and the building reportedly permits one small pet, both of which are differentiators within the Oceans family for owner-occupiers and seasonal residents.

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Oceans Five, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

March 2026
Market
Daytona Beach Shores condo market reported around a $427K median
Third-party data reported roughly 321 condos for sale in Daytona Beach Shores at about a $427,000 median list price as of late March 2026, the market context for an individual Oceans building. Why it matters: This is a city-wide third-party figure, not an Oceans Five number and not MLS data; the floor, view, and condition of the specific unit drive its price. Source
June 2026
Listings
Two-bedroom Oceans Five units listed in the high $200,000s
A third-party listing showed an Oceans Five two-bedroom, two-bath unit of about 1,028 square feet at roughly $275,000 as of mid-2026, consistent with the building's all-two-bedroom plan mix. Why it matters: This is a single third-party listing figure, not MLS data; floor, view, and condition move the number, so comp each unit on its own. Source

Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

The Strategy

The Oceans Five buying strategy.

If we were buying in Oceans Five, this is the order of operations we would run, and the one we run for our clients.

Read the leasing and pet rules in the governing documents. Oceans Five is reported as pet-friendly for one small pet with a short minimum rental; confirm the exact current minimum and pet limit before you assume any plan.

Get the condo budget, reserve study, and milestone-inspection status. The building did balcony concrete work in 2007; read where reserves and the milestone process stand now.

Verify the FEMA flood zone for the building. Pull the determination at the FEMA Map Service Center and get a bindable coastal wind and flood insurance read before you waive anything.

Confirm storage and parking for the specific unit. Garage-level storage spaces are fewer than units and not guaranteed; confirm what conveys with the unit.

Comp on floor, view, and condition. Price the unit against the closest same-floor, same-condition Oceans Five sale, not a city-wide median or a portal value range.

The Quick Decision

Best Buy

An updated two-bedroom on a desirable high floor with a clean reserve and milestone picture, priced to its true condition.

Biggest Risk

A special assessment on a 1975 building, underbudgeted coastal insurance, or assuming short-term-rental income against the minimum.

Best Lot

Floor is the 'lot' here: every unit is oceanfront, so a higher floor with the widest ocean and Intracoastal view holds value over a low unit.

Smart Timing

A condition-driven oceanfront resale market gives a prepared buyer who has read the documents real negotiating room.

Deep-Dive Intelligence

The full read, only if you want it.

The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Oceans Five is a 1975 direct-oceanfront residential condominium at 2987 S Atlantic Ave in Daytona Beach Shores, Volusia County, ZIP 32118, developed by Bellemead Corp. It is a 21-story building of 113 units, six per floor, all two-bedroom, two-bath plans of roughly 1,028 to 1,120 square feet with good-size balconies, arranged in a zig-zag so every unit is a true direct oceanfront with Intracoastal views as well. Amenities include a heated outdoor oceanfront pool, a small gym, a first-floor social room with a full kitchen, one assigned underground parking space plus ground-level visitor parking, garage-level storage (fewer spaces than units), and an on-site association manager; the building completed balcony concrete restoration in 2007. It is reported as pet-friendly for one pet up to about 25 pounds with a short minimum rental (verify in the governing documents). It sits on the residential half-mile of the Shores, across S Atlantic Ave from a Publix-anchored center, public tennis, and the 13-hole par-3 Oceans Golf Club, and as a 1975 coastal building it is subject to Florida's milestone-inspection and structural-reserve requirements.

Oceans Five Homes For Sale

What your money buys in Oceans Five.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Here are the broad resale bands in Oceans Five today. The right home is the one matched to your budget and the renovation math, so seeing fitting listings early is the edge.

Entry: lower-floor two-bedroom units

$228K to $245K

Lower-floor two-bedroom plans are the value entry to a true direct-oceanfront unit; a roughly 1,028-square-foot two-bed has been listed near $275,000 (mid-2026, third-party and illustrative, not MLS). Confirm condition, floor, and the fee per unit before you write.

Lowest entry

Mid: mid-floor two-bedroom units

$245K to $300K

Mid-floor units are the core of the building. In a 1975 tower the spread between original and renovated finishes is material, and that, plus floor and view, separates units. Price on the closest comparable same-floor sale.

Most inventory

High: high-floor two-bedroom units

$300K to $310K

High-floor units with the widest ocean and Intracoastal views sit at the top of the building. Each should be priced on its finish, floor, and view, not a portal value band, and verified against recent same-tier solds.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

See Off-Market & Private Listings

What Your Money Buys

What ~$266K buys here.

Three realistic price bands. Where a home lands comes down to condition and lot, not square footage alone.

$228K to $245K

Entry: lower-floor two-bedroom units

$245K to $300K

Mid: mid-floor two-bedroom units

$300K to $310K

High: high-floor two-bedroom units

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

Operator Intelligence

Renovation & Resale Intelligence

The factors that actually move value in Oceans Five, condition, lot, and the renovation math, read from current listings and recent sales.

15-Second Take

Renovation math decides the deal
Better lots and views resell strongest
Roof and HVAC age drive the insurance quote
Interior lots are where buyers overpay

Proprietary Data

The renovation premium.

Updated homes ask about 6% more per square foot than original-condition homes, and they tend to sell faster. In an all-resale market, condition is the single biggest swing in value, which is why reading the renovation math is the whole game.

Asking price per square foot

Renovated$302

Original$284

Median days on market

Renovated42

Original69

From current Oceans Five listings (renovated 2, original 3); condition inferred from listing descriptions, asking not closed figures. The exact number depends on a specific home's updates, lot, and view, which is the read we do before you offer.

Operator Note

The trap here is a beautifully staged original-condition home. Staging is cheap; a roof, HVAC, and a full modernization are not. We price the real renovation before you fall for the listing photos, because in an all-resale market that number is the difference between a deal and the most expensive house on the street.

Unit Value

The unit premium.

In a condo the value the market gives back at resale is set by the unit, not a lot: the floor, the view line (direct versus partial), and the exposure. The interior can be renovated, but the floor and view cannot, so higher floors and better views hold their value better. How much more they command varies by building, line, and condition, which is why we read it unit by unit against real comparable sales rather than a single headline figure.

Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

Resale Strength Scorecard

How well Oceans Five holds value.

Our read on the factors that protect resale here, and the one to manage.

No CDD on the tax billStrong

Central Intracoastal West locationStrong

Scarce golf and lake homesitesStrong

$30M club reinvestment to 2028Positive

All-resale 1990s conditionManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Oceans Five

15-Second Take

Calling the listing agent (who works for the seller)
Misjudging the renovation budget
Overpaying for an interior lot
Underbudgeting the carrying costs
Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

Calling the listing agent

The agent on the sign works for the seller. In a market where condition swings price by hundreds of thousands, negotiating against that agent with no one in your corner is the costliest move of all.

Misjudging the renovation math

A dated home looks like a deal until you price the roof, HVAC, pool, and full modernization honestly. Underbudget the reno and the bargain becomes the expensive house.

Overpaying for an interior lot

A premium homesite (water, preserve, or a preferred position) carries a real, durable premium. Pay a top price for an interior lot and you are buying the weakest version of the value.

Underbudgeting the carrying costs

Two similar homes can cost very differently to own once the HOA, any CDD, insurance, and upkeep are priced in. Buyers who do not run the full monthly carrying cost misread the real number.

Skipping the systems check

An older home means older systems unless updated. Roof age, HVAC age, pool equipment, and prior renovations drive both price and insurability, and a thorough inspection matters more here than in a new build.

“

Oceans Five is a residential direct-oceanfront condo where every unit faces the water. The view and the location are the draw; the deal is read in the reserve study, the milestone-inspection status, and a real coastal-insurance quote on a 1975 building, not the sticker.

Jon Brooks · Founder, Momentum Realty

Momentum Intelligence

Momentum Buy Score.

Our proprietary 0 to 10 read across the five factors that decide how a home here buys, holds, and resells.

6.5B · Buy Score

Resale Strength6.5/10

Renovation Risk4.8/10

Location Efficiency7.8/10

Long-Term Defensibility6.7/10

Carrying Cost Advantage5.6/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Momentum Housing Intelligence

Why our read on Oceans Five is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live DBAAR feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live DBAAR feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates

Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

About the analyst · Our methodology

Which Lots & Views Hold Value Best

Proprietary Data · Unit Value Map

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)

$261 value$401 premium

Fill = price per square foot; ring = by realized $/sqft per unit. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from DBAAR; for orientation, not an appraisal.

15-Second Take

Floor is the 'lot' at Oceans Five; every unit is oceanfront, so height and view width drive resale.
A higher floor with the widest ocean and Intracoastal view holds value best.
Condition of the specific unit in a 1975 building outweighs any headline value range.

In an oceanfront condo, the variable that drives value after condition is the floor and the view orientation, not a piece of land. At Oceans Five every unit is a true direct oceanfront because of the zig-zag layout, so the differences buyers pay for are height and view width. A higher-floor unit holds value over a low unit of the same size, and condition does the rest. Because this is a 1975 building, the honest approach is to read the floor and view first, confirm the reserve and milestone picture, then price the condition of the unit against the closest comparable same-floor sale.

The 15-Second Verdict

Oceans Five in 15 seconds.

Best forBuyers who want a true direct-oceanfront unit, which the zig-zag design delivers in every two-bedroom plan.

Strong onViews and location: every unit faces the ocean, with a walkable Shores stretch near Publix, tennis, and the par-3 golf course.

WatchA 1975 building's reserves and milestone status, the condo fee, and coastal flood and wind insurance.

Not forDaily or weekly short-term-rental investors, or buyers who need three-bedroom or large floor plans.

The edgeA condition-driven oceanfront resale market rewards a prepared buyer who has read the documents and priced the insurance honestly.

HOA, CDD & Fees

15-Second Take

Maintenance has been reported around $400 per month historically (illustrative; confirm the current figure).
Fees typically cover master insurance, common areas, the pool, parking, an on-site manager, and reserves; confirm inclusions.
No CDD is expected on this established condo; confirm per parcel.
On a 1975 building, read the reserve study and milestone-inspection status before you offer.

Each Oceans building sets its own condominium association budget; Oceans Five maintenance has been reported around $400 per month historically (third-party and illustrative; the figure changes annually). Request the current annual budget and the fee for the specific unit before you offer. No CDD is expected on an established condominium; confirm per parcel.

Condo fees in buildings like this typically cover the master building insurance, common-area maintenance and utilities, the pool, the social room and gym, the underground parking structure, an on-site manager, and reserves; they do not cover your unit-interior HO-6 policy, your metered electricity, or a personal flood policy. Confirm the exact inclusions in writing.

The heated outdoor oceanfront pool, the gym, and the first-floor social room with full kitchen are condo amenities covered by the fee, not a separate membership. The nearby Oceans Golf Club is a separate pay-to-play public course.

Run Your Numbers

Tools for a Oceans Five buy.

Free calculators to pressure-test the real cost before you tour.

Mortgage paymentPrincipal, interest, taxes, and insurance on a specific price.Property taxVolusia County millage and the homestead picture.Rent vs buyThe breakeven on owning in Oceans Five.Save Our HomesProject your homestead tax cap over time.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Selling in Oceans Five

Thinking of selling at Oceans Five?

Your buyer is cross-shopping the rest of the Oceans family and the wider Daytona Beach Shores oceanfront market, so sell what is specific and verifiable: the floor and view, the updates you have made, the fee inclusions, and the building's reserve and milestone status.

Momentum listings (YTD)

97.98%

Sold-to-list ratio across the Jacksonville metro for our agents, sellers keeping more of their price.

Market average (YTD)

96.73%

The broader metro average sold-to-list ratio over the same period.

Momentum days on market

64 days

Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.

Market days on market

72 days

The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus the Jacksonville metro average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Oceans Five, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping The Oceans, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Oceans Five home worth?

Get a no-obligation home value based on real comparable sales in Oceans Five matched to your condition, lot, and view, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in Oceans Five on the map →

Real comps, not a Zestimate.

Price History: What Homes Here Have Actually Sold For

Median sale prices in Oceans Five year by year since 2013, from closed MLS sales. A long track record beats a single estimate, showing what this community has really done through rate cycles rather than what a model predicts.

The real cost & risk here

Before the list price, the Florida math the portals skip. These are Volusia County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.

$1,789/mo

Volusia County typical true cost to own

$151/mo

Volusia County typical home insurance

Check CDD

Confirm before you offer

Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Volusia County scorecard.

County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.

Oceans Five Market Scorecard

Buyer-Leaning Market (limited data)

Oceans Five is currently a buyer-leaning market (limited data). About 4.3 months of supply, a median asking price of $301,600, and homes go under contract in about 51 days.

4.3

Months supply

$301,600

Median list

$266,000

Median sold

$244

Per sqft

Days on mkt

5/0/14

Active/Pend/Sold

Typical home value in the 32118 ZIP is $291,026, about 3.0% below the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Frequently Asked Questions

Where is Oceans Five?

Oceans Five is a direct-oceanfront condominium at 2987 S Atlantic Ave in Daytona Beach Shores, ZIP 32118, on the residential half-mile of the barrier island that the Oceans family of buildings occupies.

Is every unit really oceanfront?

Yes. The building is arranged in a zig-zag so that each unit is a true direct oceanfront, and nearly all units also take in the Intracoastal (Halifax River) view to the west.

Is Oceans Five a resort or condo-hotel?

No. It is a residential condominium with a short minimum rental, not a daily- or weekly-rental resort. Verify the current leasing rule in the recorded governing documents.

Can I rent my unit short-term?

No. Oceans Five enforces a minimum rental period (reported on the shorter end for the Oceans family); daily and weekly rentals are not permitted. Confirm the exact current minimum and any board approval in the governing documents.

When was Oceans Five built and how big is it?

It was built in 1975 by Bellemead Corp. as a 21-story building of 113 units, six per floor, all two-bedroom, two-bath plans of roughly 1,028 to 1,120 square feet. Confirm the specific unit details before relying on them.

Are pets allowed?

Oceans Five is reported as permitting one pet up to about 25 pounds. Verify the current pet policy and any weight limit in the governing documents before you rely on it.

What amenities does Oceans Five have?

A heated outdoor oceanfront pool, a small gym, a first-floor social room with a full kitchen, one assigned underground parking space plus ground-level visitor parking, garage-level storage (not guaranteed per unit), laundry on each floor, and an on-site association manager.

What do units cost at Oceans Five?

A two-bedroom of about 1,028 square feet has been listed near $275,000 (mid-2026, third-party and illustrative, not MLS). Daytona Beach Shores condos overall reported about a $427,000 median (Redfin, March 2026), but Oceans Five is all two-bedroom and trades below that; confirm current pricing for a specific unit.

Is there a CDD?

No CDD is expected on an established condominium like Oceans Five, but confirm per parcel as a matter of course.

What do the HOA fees cover and how much are they?

Maintenance has been reported around $400 per month historically (illustrative; the figure changes annually). Fees in buildings like this typically cover master insurance, common areas, the pool, the social room and gym, the underground parking, an on-site manager, and reserves. Get the current Oceans Five budget and confirm inclusions before you offer.

What about the milestone inspection and reserves?

Oceans Five completed balcony concrete restoration in 2007. As a 1975 coastal building within three miles of the shoreline it is still subject to Florida's milestone-inspection requirement and the rule that reserves for structural components cannot be waived from budgets adopted after December 31, 2024. Request the current Phase 1 report, the reserve study, and recent minutes before any offer.

What schools serve Oceans Five?

It is served by Volusia County Schools; Daytona Beach Shores has no schools within city limits. The general pattern has included R.J. Longstreet Elementary, Silver Sands Middle, and Spruce Creek High, but confirm the current zoned schools by address with the district before relying on it.

Is Oceans Five in a flood zone? What about insurance?

It is a barrier-island oceanfront address, so expect coastal flood-zone and wind-insurance considerations. The master policy is carried in the fee; the per-parcel FEMA zone is unverified, so confirm it at the FEMA Map Service Center and get a real coastal insurance quote.

Should I use the listing agent to buy at Oceans Five?

No. The listing agent works for the seller. In an older oceanfront building where reserves, milestone status, and insurance vary, having your own representation, which costs you nothing as the buyer, is the highest-leverage decision you make.

Who is the best real estate agent for Oceans Five?

The best agent for Oceans Five is one who actively works Daytona Beach Shores and knows the community's pricing, HOA and CDD details, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Oceans Five.

How do I find a top Daytona Beach Shores real estate agent who knows Oceans Five?

Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Oceans Five and the wider Daytona Beach Shores area.

Can Momentum Realty connect me with an agent for Oceans Five?

Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Oceans Five purchase or sale - no call center and no pressure.

The Verdict

Should you buy in Oceans Five?

An honest fit check. We will tell you when it is not your community.

You want a true direct-oceanfront unit, which every zig-zag plan deliversExcellent fit

You are a snowbird or seasonal owner who wants a residential condo, not a resortExcellent fit

You want a pet-friendly beachside building (verify the current rule)Excellent fit

You will read the reserve study, milestone status, and a real coastal insurance quote honestlyExcellent fit

You want daily or weekly short-term-rental incomeProbably not

You need a three-bedroom or large floor plan (the building is all two-bedroom)Probably not

You want new construction with modern systems by defaultProbably not

You are unwilling to budget coastal insurance and a possible assessment on a 1975 buildingProbably not

Get the inside read on Oceans Five

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Oceans Five home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

You are all set.

A Momentum Realty Oceans Five specialist will reach out personally, usually the same day.

Thinking about hiring an agent here? How to find the best real estate agent in Oceans Five - what to look for, questions to ask, and your local expert.

Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. © 2026 Daytona Beach Area Association of REALTORS®, Inc. Information deemed reliable but not guaranteed.

Oceans Five Daytona Beach Shores median home price history from 2013 to 2026, chart by Momentum Realty — Median sale price in Oceans Five Daytona Beach Shores, Florida by year (2013 to 2026). Source: Momentum Realty.

Oceans Five Homes for Sale in Daytona Beach Shores, FL

The 60-Second Overview

Who Oceans Five is best for.

Best for

Probably not for

How Oceans Five is performing right now

Homes For Sale Right Now in Oceans Five

Oceans Five on the map.

How far is everything?

Nearby Communities

Schools

Recent Developments in Oceans Five

Florida milestone inspection and SIRS rules reach 1970s oceanfront towers

Coastal insurance and wind premiums on barrier-island condos

Every-unit oceanfront and pet-friendly character

Daytona Beach Shores condo market reported around a $427K median

Two-bedroom Oceans Five units listed in the high $200,000s

The Oceans Five buying strategy.

The full read, only if you want it.

What your money buys in Oceans Five.

What ~$266K buys here.

Renovation & Resale Intelligence

The renovation premium.

The unit premium.

How well Oceans Five holds value.

5 Mistakes Buyers Make in Oceans Five

Calling the listing agent

Misjudging the renovation math

Overpaying for an interior lot

Underbudgeting the carrying costs

Skipping the systems check

Momentum Buy Score.

Why our read on Oceans Five is different.

Which Lots & Views Hold Value Best

Oceans Five in 15 seconds.

HOA, CDD & Fees

Tools for a Oceans Five buy.

Thinking of selling at Oceans Five?

In Oceans Five, condition and view decide your number

What is your Oceans Five home worth?

Price History: What Homes Here Have Actually Sold For

The real cost & risk here

Oceans Five Market Scorecard

Frequently Asked Questions

Should you buy in Oceans Five?

Get the inside read on Oceans Five

You are all set.

Need to sell fast in Duval County?

You just read the data. Now see what your home is worth.

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