Myrtle Beach was the second fastest growing metropolitan area last year. Even as more people continue to move there, construction is keeping pace with the migration. If you're thinking of moving to the area, there's never been a better time to get ahold of a condo in Myrtle Beach.
Whether it's for the sports, recreation, or just the weather, the increased wave or people moving to Myrtle Beach is bringing new energy to the area. There's a growing job market, causing healthy competition between other South Carolina cities.
Whether you're thinking about retiring or just beginning to consider where you might want to settle and start a career, Myrtle Beach is a great place to start. Even if you just want to invest in real estate, a condo in Myrtle Beach is a sure thing. Here are 10 reasons why.
1. Fantastic Real Estate Prices
There are few places on the planet you can get such gorgeous oceanfront property at such a reasonable price. There's so much housing available that the cost to invest will be cheap for the next few years. Given the pace of growth, the city is slated to see for the next decade, you should see your investment bloom more quickly than anywhere else in the US.
Even if you're not ready to move quite yet, it can be a great vacation home for you to rent out during the rest of the year. Vacationing families will pay a great price for the kinds of views and weather that the city has to offer.
As the market begins to pick up, inventory is starting to sell. Now is the time to invest in a condo in Myrtle Beach, even if you'll be saving it for retirement.
2. Endless Entertainment
Culture is a great reason to invest in real estate. As seen in markets all over the world, when art and cultural institutions move in, real estate values go up. This is the case in Myrtle Beach as it is anywhere else.
If you're investing in a condo in Myrtle Beach, you'll find yourself immersed in a community that values live music, theater, and public events.
For fans of live music, check out The Carolina Opry. Big name acts roll through town on a regular basis featuring some of the best theater in the area.
If you're a fine arts person, you'll be pleased to know there are hundreds of art events every year. Even if you're buying just for the sake of vacationing, you'll find boatloads of entertainment every time you're in town.
For families, check out Ripley's Aquarium to see some creatures that look out of this world. For a family that loves classic adventure, Medieval Times and Pirate's Voyage offer something thrilling most nights of the week.
3. Low Cost Of Living
Your condo in Myrtle Beach will come at a great price, but don't expect to be gouged everywhere else. The city is still a reasonably priced place to live.
Gas prices are still low, utilities are cheap, and your property taxes might shock you at how inexpensive they are. For any other kinds of goods or food, you'll be paying small town prices for high-quality services.
Prices increase a little bit if you're on the beach, as you'll need to buy some kind of storm insurance for your home and pay a premium for the view. However, you'll still end up paying one of the cheapest living expenses you could in the US.
To save money, settle a little west of the waterway and you'll see all the prices drop dramatically.
4. Great Small-Town Vibe
For anyone who's visited in the peak of summer tourist season, you might think of Myrtle Beach as an anonymous and crowded place. Living there year-round, you'll see that the fall and winter are when the locals come out. Myrtle Beach will be completely transformed and filled with residents who know and love the city.
Your condo in Myrtle Beach will be your sanctuary when the streets are teeming with tourists. But the other 9-10 months out of the year, you won't be able to stay inside. With so much more to do, a quieter lifestyle and cool weather, you'll navigate the city with the other full-time residents.
Get away for a day by driving just 10-15 minutes to North Myrtle Beach or Little River. Or else buy property there and be close to the city without having to be at the center of the action.
5. Nothing Beats The Beach
If you don't currently have a view of the beach, you might think that it could get old after awhile. It doesn't!
Every day that you wake up in your condo in Myrtle Beach, you'll hear waves and see the ocean. Relaxation will wash over your body and make you want to sit in the sunshine all day long.
Take a lunch break where you walk along the pier or go for a quick surf. Every dinner can be a romantic sunset dinner.
Head over to the pier at Cherry Grove for a relaxing afternoon of fishing. Get out there early to get a great catch before you start working for the day.
There is an endless number of ways to enjoy the city and appreciate your condo in Myrtle Beach. You'll never run out of ways to have fun and relax. Turn your favorite beach activity like volleyball or swimming into a passion that you can pursue every day.
6. Condos For Every Budget
At this point, it might seem too good to be true. You might not think you have enough to invest in property in Myrtle Beach. Thankfully, you're wrong.
There are so many great properties, from beach houses to condos and cabins, you could end up finding any kind of property in your budget. You'll be surprised to find that some of the nicest condos around could be the same price or less than what you're paying in another city. For the price, you can easily make it a great second home.
If you don't mind traveling 10 minutes from downtown, you could end up with something that still has a great view. You'll have the added bonus of living in a quieter community and the safety and security you might want for your family.
7. Golfer's Heaven
If you're a golfer, there's nowhere else you should consider. The Myrtle Beach area has over 100 great courses, so you're always sure to find a tee time.
Many of the best golfers in history have come through the area. Several have assisted in designing the fantastic courses that are available in the area, making it the unofficial golf capital of the world.
The first Sports Illustrated sales conference was even held on Myrtle Beach. Before it began in 1954, investors, writers, and editors flocked to the area to talk sports and enjoy the golfing.
If you're a big sports fan, history buff, or love to golf, there's nowhere else you should even consider moving over a condo in Myrtle Beach.
8. Food Like Nowhere Else
If you love seafood, you shouldn't think about moving anywhere else on the planet. The number of great restaurants available in the city is outrageous. With the offerings available at each one, you'll quickly see why it's called the seafood capital of South Carolina. Check out Murrells Inlet Marsh Walk to find yourself in the heart of that seafood capital.
Even if you don't like seafood, you'll find there are some great steakhouses in the area. Juicy steaks are up for grabs at Ruth's Chris Steakhouse or Thoroughbred's Chophouse.
You won't go hungry in Myrtle Beach.
For the foodies in the crowd, you'll find Myrtle Beach is listening to what's happening all over the world. There are an increasing number of small plate, craft cocktail, and upscale establishments popping up every day.
9. Check Out The SkyWheel
One of the most popular attractions in the area is the biggest Ferris Wheel on the east coast. While you might think it's the kind of thing you see once during a vacation, but the breathtaking views never get old.
You can see far along the coast of the Atlantic Ocean and the whole of the boardwalk that stretches on over a mile. You'll even notice that the skyline isn't too bad to look at either.
10. Great Shopping
You won't be a fish out of water after you buy your condo in Myrtle Beach. You'll find some of the best retail in the south in Myrtle Beach. Along the Grand Strand, there is plenty to choose from including both local stores and nationally known brands.
If you're going to be spending a lot of time sending trinkets to friends and family, you'll find an endless number of shops to choose from.
A Condo In Myrtle Beach Has A Lot To Offer
Buying a condo in Myrtle Beach is a great investment, no matter where you are in your journey. If you're looking for a pled-a-terre that you'll rent out most of the year or if you're investing in a future retirement, now's the time to buy in. As more people move into cities, you'll see increasing competition.
If you're ready to invest in a condo in Myrtle Beach, contact us for tips on where to start.