South Carolina Beachfront Condos & Villas For Sale listings have an average sales price of $342,818 ranging in price from $24,000 to $1,599,000. $350,000. $499,000. 2000 Highway 17 S. Investing in a condotel (a condominium that operates as a hotel) can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach. This condo comes fully furnished and offers fantastic upgrades throughout. Condotel Financing Myrtle Beach, etc. As the best rated local lender since 1983, we offer a wide range of financing options tailored to your needs. Anderson Ocean Club. If you’re submitting a credit card application electronically via this inquiry form, please leave that field blank and a CCNB representative will contact you once they’re in receipt. 4785 -Campobello, South Carolina 1 contribution 1 helpful vote. 75 (198) Superhost. Give us a call 843-839-9870. Currently, the condotel purchase market in South Beach, Panama. 3 Baths. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 0. North Myrtle Beach, SC 29582 (843) 444-LOAN (5626) wp@444loan. The condotel units can be placed on a rental program with the management who can rent the units out for short or long-term rentals. condo with a list price of $179000. 2 bedroom, Wildwood Crest NJ 08260. 1 Beds. 475 sq ft. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. Pick the perfect place where watching the ocean from your balcony completely soothes your soul and encourages you to sit for hours and meditate. Camelot By The Sea - Myrtle Beach Condos for Sale. 1890 Auburn Ln, Myrtle Beach, SC 29575. Don’t miss out on this rare opportunity to live in the well sought after Birch N Coppice community! This 3-bedroom 2-full bathroom end. A 10% downpayment is required and there are no prepayment penalties. 455. 1,654 sq ft. 345 sq ft. 4800 S Ocean Blvd. Enjoy oceanfront views from this 7. . Depart. Drew CCNB offers special rates and terms for condotels in the Myrtle Beach area. North Myrtle Beach, SC 29582. Condo Financing and Condotel Mortgages. North Myrtle Beach Waterfront/Oceanfront Condominiums for Sale. Beach Cove Resort offers two and three bedroom oceanfront condos. . View Hotel. Myrtle Beach SC. The units are individually owned. Loan Products. A condo insurance policy protects what your homeowners association (HOA) doesn’t. S - Koa Campground in Myrtle Beach - 2 bd 2 ba 0 ½ ba. 00 or as much as $3,360. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. 1 bed. Posted Dec 5 2022, 13:44. Does Condotels at SurfMaster have an airport shuttle?According to a study that evaluated condo-hotels in the Florida state and projected returns over a five-year period from 2006 to 2011 the return rate is usually 1%. Condotel Financing began to be a very popular idea around 2001, because of difficulty in funding a Condotel Loan higher than 50% of the Condotel purchase price. Brittany Baker Poster Pro. 6813 Porcher Dr Unit 14, Myrtle Beach, SC 29572. Help getting approved for a mortgage loan for a condo in Myrtle Beach SC (Also applies to all condos in SC). Powered By Inquiries. The Grand Strand is known for its famous golf courses and country clubs. In this article, we will explore the key. Direct oceanfront corner lockout now available at Boardwalk Beach Resort in the heart of Myrtle Beach! This renovated, turnkey 2 bedroom, 3 full. Written by Jerry Pinkas on June 8, 2018. Located on a very quiet street. The list is based on the Beach Pro Team's years of experience and expertise in condo financing. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. 201 S Ocean Blvd #905, Myrtle Beach, SC 29577. Myrtle Beach, SC 29579; Office: 800. Add in the area’s relatively low cost of living, and it’s not surprising to see. We also offer. 18, 2009. These could. 455. These could have serious impacts on getting loans in South Carolina, especially in coastal beach towns like Myrtle Beach where highrise oceanfront condos are so integral to their economy. The spacious oceanfront and ocean view 2 and 3 BR floor plans feature granite. This 3 bedroom, 2 bathroom condo at The Palms in Myrtle Beach has en. Owner Financing Available - Myrtle Beach, SC Home for Sale. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). Myrtle Beach SC. com (800) 697-4371. Many national, big named banks will not finance a condotel. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 2% within the next year. Bars. An Atlantic Beach town council candidate spent six years in federal prison following a 2007 conviction on multiple drug charges in Virginia, according to court records. Here to help. $364,900 USD. An up to date guide to the Myrtle Beach real estate market including foreclosures and short sales. I understand the basics, that the are operated like hotels, you have fairly little involvement and after the 60/40 split (on average. Bahama Sands Luxurious Oceanfront and Ocean View Condos. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. North Myrtle Beach, SC 29582. Unit 1008, North Myrtle Beach — Prince Resort $355,000. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all. Morant’s proposed condotel, named “The Black Pearl of the Atlantic,” would be located near 30th Avenue South and South Ocean Boulevard, and feature 168 hotel rooms, 36 short-term rental. It’s a 60-mile stretch of pristine sandy beachfront with phenomenal views up and down the coast. not a Non-Warrantable Condo loan) will fund up to 70% LTV nationwide, full documentation, 12 months PITI on all properties owned at close required, 680 min fico,. 1 Listings from $649,900. Financing/Investment. 4856 Magnolia North Carnation Circle, Unit: 304, Myrtle Beach, SC 29577. A grassroots organization made up of legacy property owners in Atlantic Beach are suing town leaders and a developer with plans to build a $100 million high rise hotel along prized beachfront land. 3 beds. Welcome to your dream home at Apache Campground! This beautiful, new home is situated on a corner lot and offers plenty of space. 1 Baths. 1st Bedroom: 1 king bed, attached bath. 00. For monthly updates on current listings and new closed sales, sign up for our Myrtle Beach Downtown Oceanfront Real Estate News, one of the 50 versions of our e-newsletter. We offer 30- and 40-year fixed-rate mortgages, as well as 5/6 and 7/6 adjustable-rate mortgages (ARMs). There is no maximum loan size on Condotel Financing Mortgage Loans. 4785 -Personal Banking. Setup fee. Barefoot Rental Management 4999 Carolina Forest Blvd, Suite 12, Myrtle Beach, SC 29579. Condo For Sale In Myrtle Beach, South Carolina. These rentals, including the outside marketing of them, are handled directly by the management company. . Unit 420, Myrtle Beach — Coral Beach $155,000. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. 40-Year Fixed IO. Popular attractions Blackmoor Golf Club and The International Club of Myrtle Beach are located nearby. . Condo For Sale $199,900. APPLY NOW. SEARCH OUR SITE. We also offer our Condo/Condotel Lender List and Closed Sales Histories. 1890 Auburn Ln, Myrtle Beach, SC 29575-5198. Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all. Individual owners have units, but they have. Contact BrickWood Mortgage today at (843) 314-4101. About the Condotels Golf Colony. North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. Indianapolis, IN. November 30, 2023. Former Atlantic Beach town manager William Booker, who owns the 3310 Highway 17 S. The most recent sale had a number of twists and turns. Grand Strand Coastal Realty. 1210 Absolute Beach. St. 1905567 MLS. Many units are operated with hotel-like amenities including a front desk, activities-concierge services, and regular housekeeping service. Condo For Sale In Myrtle Beach, South Carolina. 2009. Hard Rock Cafe Myrtle Beach. Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. APPLY NOW. 4817 Magnolia Lake Dr #301, Myrtle Beach, SC 29577. It is similar to a hotel in that many times the building actually looks like a hotel, but each individual unit is. Most of the Myrtle Beach oceanfront high rises are condotels. Please call us at (786) 220-1100 or email info@lendingbankers. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. com. Blissful Mortgage Condo loans. 3 Beds. LOAN. I know most of them are those condoels which apparently is an old term, but looking for insight. Unit 839/840, Myrtle Beach $299,900. 3 Baths. 2 bedrooms. Lastly, most out-of-town lenders are not going to have a condotel loan program available in the event that the condo is accurately classified as a condotel. Bay View Resort - Myrtle Beach Condos for Sale. 2301 S Ocean Blvd, North Myrtle Beach, SC 29582. Find the best offers for your search owner financing myrtle beach. Your email address will not be published. 2. A: 1515. However, securing financing for such a unique property can be a complex process. We’d like to buy stock in the company that charges 40% less expenses on someone else’s investment. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. Maximum 75% LTV. Asking Prices range from $100,000 to $16,995,000 with an average price of $1,417,970 and an average price per square foot of $1,300. Come and. Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all active and pending) and more. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. Many property owners also use their Myrtle Beach condotel for personal use. . Quiet cul de sac location. We also offer our Condo/Condotel Lender List and Closed Sales Histories. North Myrtle Beach is located in the area of South Carolina known as the Grand Strand. property tax, personal property tax (furniture tax), rental commission (the rental company in my resort charges 40% of gross rentals), all fees associated with each rental ie. is. In Myrtle Beach, the lifestyle is relaxed and friendly and full of things to do – making it a wonderful place to vacation or to live. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. Apply Now and Get a Quote Today! Get more details. 2 Baths. 161 Posts 128 Votes. Nice residents and friendly staff. 1207 S Ocean Blvd. Myrtle Beach Oceanfront Condotel STR Case Study. 5/5. Long-Term Fixed or ARM Rates. For more information, contact Oren at (312) 867-5363 x206 or by email at oorkin@capfundmtg. Condotel loans are available for up to $1. Show more. Discussion of potential solutions. 30-year fixed. 1105 S Ocean Blvd. Owner Financing Available - Myrtle Beach, SC Home for Sale. Don't. Specific property information is deemed reliable but is not guaranteed. 2 mi (16-min drive) away from the Myrtle Beach Intl. Our. Loan Process. Financing/Investment. This ground level 2-bedroom condo is located. 1 bathrooms. Dec. The rent is split between management and the owner in the range of 40%-60% in favour of the owner, but can often be as high. Unit 839/840, Myrtle Beach $299,900. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 1 Beds. Free parking. Apply Now and Get a Quote Today! Get more details. Condotel-Loans Condotel Loan. Now we’re seeking a publicly traded condotel management company. (843) 903-3550. To view info on hundreds more resorts, go to our. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease. The Caravelle Resort: 6900 N. View 24 photos of this 2 bed, 2 bath, 1045 sqft. By Alison Gregor. . For those who need condotel financing, please contact us at Gustan Cho Associates at 262-878-1965 or text me on my cell for faster response at 800-900-8569. 129 Cold Stream Cove Loop, Garden City Beach, SC 29576-9146. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. User Stats. Long-Term Fixed or ARM Rates. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. $189,000 and up - Condo Hotel. Welcome to your own private oasis with stunning ocean views! This one bedroom, one bathroom, condo in the Grande Cayman Resort offers the perfect blend of of comfort, style, and convenience. 2 Baths. info@afbcarolinas. There are some condos that are money machines, and will constantly be sending you checks month after month, and at the same time, we can assure you there are others that are alligators and will eat you alive. DSCR calculations as low as zero are eligible for the program. 00. Bluewater Resort - Myrtle Beach Condos for Sale. 24 The Sandbar Hotel at 1804 S. 2151 Bridgeview Ct. The money you make from the rental can help you offset some of the costs and often create extra revenue. Call ☎ (800) 697-4371 info@afbcarolinas. Owners used as 2nd home. 3500 N Ocean Blvd. UNIT #406 North Myrtle Beach in Beach Cove - View all 40 photos. 1 bedrooms. When you're ready to buy, we'll be here to help. 36 homes. Property owners can generate higher returns than traditional mortgages and access more flexible loan terms. . Grand Theatre and Art Museum of Myrtle Beach are cultural highlights, and some of the area's attractions include SkyWheel Myrtle Beach and Wild Water and Wheels. Reasons To Refinance; Pre-Approval; Loan Application Info; Loan Application Process; Get Prequalified; News; Testimonials; Contact . A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. Beach Cove Resort North Myrtle Beach. Choose an in-demand location. . 5/5. 1,501 sqft. The Preserve at the Clam Farm's 62 luxury three- and four-bedroom townhouse condominiums, an ERA Tides Realty… read moreFrom the tiny, tight-knit town of Loris to the bustling boardwalk of The Beach, the 14 unique communities of Myrtle Beach offer their own attractions, atmosphere, perks, and properties, all with access to the sandy shores of the Atlantic and mild year-round temperatures. 4712 Cobblestone Dr. 2207 S Ocean Blvd #809, Myrtle Beach, SC 29577. 1601934 MLS. Each condotel is a part of a large-scale property that operates similar to a hotel, with a wide range of amenities and resort-style features. Every lender has its own lending requirements on condotel financing. Nov 3, 2019 - Are looking to purchase a condo in Myrtle Beach, SC not knowing the difference is between a condotel and a condo and why it's important and really mattersIt is also just a short drive away from hundreds of restaurants, shops and other attractions. This is a Condotel, and you must abide by the Wildwood Crest Ordinance which is located in Associated Docs. Even if you wanted to buy into a condotel today, it’s doubtful you could find a bank that would finance this loan. CONDO FINANCING. Myrtle Beach Boardwalk, SC Home for Sale. I've touched base with a lender who offers 25% and another lender who has 30% down. . One Ocean Place is a highly sought after condominium complex in Garden City Beach. Bella. Beautiful, two bedroom two bathroom, direct oceanfront condo near the end of the building on the south side of The Jasmine tower in North Beach Resort. A condotel is just what it sounds like—a cross between a condominium and a hotel. Sea Watch Resort is close to some of Myrtle Beach’s most popular attractions, including Restaurant Row, the Tanger Outlet Mall, Barefoot Landing, and Restaurant Row. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific investment goals. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 2318867 MLS. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID. Most of the Myrtle Beach oceanfront high rises are condotels. Blog Author and CEO. Located in the heart of Myrtle Beach, The Caravelle Resort Myrtle Beach SC makes it easy to enjoy all of the delicious restaurants, golfing, adventure, shopping, and entertainment that the Grand Strand has to offer. Condotel-Loans Condotel Loan. Beach Cove Resort - Traveler rating: 4/5. The dog-friendly winter rentals are available at reduced off-season rates. Minimum down payment of 15%. 4785 -. A new modern luxury condo hotel is now being offered on the tree-lined shores of serene Lake Austin, with access to a local resort with…. Amenities Photos Map View Reviews FAQs. Questions: 803-998-1000. Low-Down-Payment loans : FHA. 219 Camber Rd, Huger, SC 29450. View property. Enjoy laundry facilities, a patio, and a TV. Financing/Investment. Located near Main Street and the shag clubs, this stunning oceanfront luxury resort condo community offers the best in luxury, atmosphere and comfort. Bridge Dale • 2 years ago. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator; Blogs. Call ☎ (800) 697-4371. Our business is dedicated to providing those in beautiful Myrtle Beach with personalized, outstanding property management services. Check your spelling. Owners use short-term rentals to generate income, listing them on platforms. Credit Scores down. (843) 796-1358. * Previously under contract and buyer could not qualify so BACK ON THE MARKET. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 3bd. A condotel combines short-term living units like a hotel and ownership units like a condo. Trump International Hotel and Tower. View Details. $590,000. Inquiries. especially in a popular tourist destinations like Myrtle Beach. This unit features a full kitchen equipped with a full size fridge, rang. However, securing financing for such a unique property can be a complex process. com to schedule your consultation. This ground level 2-bedroom condo is located. 161 Seawatch Drive, Myrtle Beach, SC. Asset Depletion. Get a quote Or, call 1-855-347-3939. 1 bath 400 sq ft 201 74th Ave N #2636, Myrtle Beach, SC 29572 (843) 492-4030 Owner Financing - Myrtle Beach, SC Home for Sale OWNER FINANCING AVAILABLE!!!!! No. Welcome to this fully furnished, 1 bedroom 1 bathroom oceanfront condo in the Coral Beach Resort. R. Popular attractions Grand Theatre and Magnolia Lake are located nearby. Camelot By The Sea - Myrtle Beach Condos for Sale. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. 2nd Bedroom: 2 double beds, attached bath. Born in the talons of Jim Crow, Atlantic Beach was established in 1934 after entrepreneur George Tyson gave the county a $2,000 down payment for development rights on 47 acres between 29th and. Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. 5 days on Zillow. 1,039 Myrtle Beach SC Condos for Sale. TRV69857---. We were considering buying a condo tell in Myrtle Beach till we learned the rental split was 60/40. View our North Myrtle Beach real estate area information to learn about the weather, local school districts, demographic data, and general information about North Myrtle Beach, SC. 1003 S Ocean Blvd. Now, with a population of 30k permanent residents and. With an average of 320 days of Florida sunshine each year – and 27 miles of sugar-white sands bordering the clear, emerald green waters where the Gulf of Mexico and St. 10% Down Payment. The average sq ft home size of South Carolina Beachfront Condos & Villas For Sale Myrtle Beach SC is 956 square feet. Warrantable condos are one that a homebuyer can finance using a conventional mortgage, after having been approved under a set of guidelines set by government-sponsored enterprises Fannie Mae and Freddie Mac. Condotel Mortgage / Condo-Tel Financing / Condops. Just as importantly, you should know that loans for condos usually come with slightly higher interest rates. Locally, we have a handful of local lenders, with very. Com Listing ID: bey15047---. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. 3763 Sweetgum St Unit 3763, Myrtle Beach, SC Details ». Units require at least a true 1 bedroom. View our Myrtle Beach real estate area information to learn about the weather, local school districts, demographic data, and general information about Myrtle Beach, SC. In addition, lenders typically offer more limited options for a condotel loan and may require more paperwork and stricter qualifications. Located in Murrells Inlet, Condotels at SurfMaster is in the city center and on the beach. Now Specializing in Small HOA Property Management (843) 467-8106 Seven Days a Week Property Management for Myrtle Beach & Murrells Inlet Read More Renters? Apply Online with our Convenient Form Rental ApplicationA condotel is a combination of a condominium and a hotel and is a unique type of property ownership. There are 2,731 real estate listings found in Myrtle Beach, SC. (843) 945-1880. $387,000. Sea Mist Eff/1BA oceanview condo. It offers in size, 1 beds and 1 baths. com (800) 697-4371. We consider loan-to-value ratios of up to 65%. SEARCH OUR SITE.