DAYTONA BEACH Construction work has begun on a new community here aimed at helping to alleviate the area s housing shortage by offering single-family and duplex homes available to rent, as opposed to being available to purchase.
The planned 283-home The Cottages at Daytona Beach is the first of its kind in the area, according to John Albright, the CEO of CTO Realty Growth Inc. We are excited to see this type of high-quality single-family rental product coming to Daytona Beach, he said.
The Cottages at Daytona Beach will help address the need for more available homes, but they won t be cheap. Rental rates are expected in the $1,500-to-$2,000-a-month range.