Located on a barrier island on the Atlantic Ocean, Daytona Beach Shores is just 5.5 miles long and several hundred yards wide. The city features a pristine beach where famous racecar drivers once tried to set world speed records. Home to less than 5,000 residents, the city plays host to as many as 30,000 people during special events. The Court of Flags, the Legends Walk of Fame, the Otto Schultze Memorial, and the display of racing memorabilia in the community center are just a few of the points of interest. Housing in the city is a medley of condominiums, hotels and motels, townhomes, and single-family residents that are nestled between the Atlantic Ocean and the Halifax River. The city was actually founded by a group of motel owners who called themselves "2,000 Cottages." Today, the city has a distinctive community spirit and popular annual events. The population has grown rapidly in recent years, as more people are discovering the charm of the "Shores" and a beachfront lifestyle. Each December, the city sponsors its "light Up the Shores" event that includes a tree-lighting ceremony, carol singing, and playing in the snow.