202 75th Ave N 5702/5703, Myrtle Beach
MLS® # 2426859
You probably already know what kind of real estate you're looking for here in Myrtle Beach, but just in case you aren't sure, let's talk about the pros and cons of oceanfront condos as versus some of the ones along the Intracoastal Waterway or even on the golf courses. Read more about Myrtle Beach Oceanfront real estate.
All Listings | $300,000 - $400,000 | $400,000 - $500,000 |
$500,000 - $600,000 |
Myrtle Beach seldom sees a hurricane. Unlike Florida, we get prepared every year, but we really haven't had a damaging one since Hugo in 1989. That was more than 20 years ago. In particular, North Myrtle Beach is situated in a westerly curve that makes Charleston protrude below us, and Wilmington NC with the Outer Banks sit far further out in the ocean than we do. That does offer protection for oceanfront property in Myrtle and North Myrtle Beach, so buying here is not that much of a risk. The SC government created an insurance fund to help with insurance costs for beachfront property, and anything directly on the beach, or near it, has property insurance subsidized by the state. The costs of insuring oceanfront real estate is not outrageous at all.
If you are buying for investment purposes, or even want to recoup some of the costs of your vacation property with rental income, oceanfront or ocean view condos and homes are the best option. Homes along the Waterway are often full-time residents here, and those who own boats - more than rental units. Golf course homes and condos can be used for rental property, but do not bring the dollars that a beachfront property will reliably give you every summer. Since the price of golf course or any inland property is much lower, you will get more for your money in square footage or other amenities, usually. However, homes on the Waterway can even be more expensive than beachfront and seem to increase in price every year. As a long-term investment, or your permanent home, that might be a consideration.
For rental income, you should probably choose one of the hundreds of oceanfront resort condos in Myrtle Beach or one of the other Grand Strand beaches. Here below are the most well-known resorts for vacationers and investment real estate.
So think about the purpose of your purchase first, and then choose the type of property by the location. For residential homes both on and off the beach, see our City Pages. For more information on property anywhere in the Grand Strand, please contact or call us!
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IDX information is provided by the Coastal Carolinas Association of REALTORS® for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, data is deemed reliable but is not guaranteed accurate by the MLS.