What To Know Bedore Buying a Condo in Myrtle Beach SC

Myrtle Beach offers some of the most affordable oceanfront real estate in the nation. Money Magazine has listed Myrtle Beach and North Myrtle Beach in their Top 20 of places to retire in the USA. Southern Living Magazine ranks this area as one of its top vacation destinations in the southeast.

Why invest in Myrtle Beach Real Estate?

The Grand Strand is one of the fastest-growing metropolitan areas in the USA. The relaxed coastal lifestyle, along with the broad entertainment opportunities contribute to the popularity of Myrtle Beach.  Tons of things to do like shopping at the many outlet stores, Barefoot Landing, Broadway at the Beach. Enjoy a show at the Carolina Opry Alabama Theater or Legends in Concert.  Play golf over 100 golf courses. Dine-in over 1,700 restaurants. These things along with the climate, the beach, and the ocean, make Coastal Carolina resort homes, condos and real estate to be one of the hottest investments in the United States.

We take the buying process as seriously as our buyers do, therefore we offer nothing but the highest quality of service to our clients. When you decide to purchase your condo, you want to make sure you hire someone whom you can trust, and someone who wants to earn your business. Buying a home or condo can be one of the most important purchases you will make, so make sure you have the right agent who can provide you with the experience and the service you deserve.

• MSN Money recently named Myrtle Beach, South Carolina, as one of the top 10 places to buy a second home in the United States.   
• Forbes magazine ranks the Myrtle Beach, SC area as one of the top “100 Small Places for Business and Careers.” 
• Golf Digest, named this area as both top “Golf-Home Community in the Southeast” and “America’s Number 1 Golf-Home Community.”  
• Where to Retire magazine named Myrtle Beach one of the “100 Best Retirement Towns in America.”  
• South Carolina was named one of the Nation’s Best Places to Retire by CNN Money.

Does it Make Sense to Buy a Second Home?

What makes a smart vacation home buy? Here are some criteria to identify a smart vacation property:

1) Affordable

2) Convenient access, by car plane

3) Active vacation rental market

4) Plenty to do

5) Room to grow: an unsaturated market, situated near upscale destinations

Myrtle Beach, SC Meets & Exceeds ALL of these criteria!

Retire in Myrtle Beach, South Carolina

Some retirees who have relocated to the Myrtle Beach area are known as "half-backs". They have found that moving to Florida was too hot, too congested and Florida was way too far to drive back up North in 1 day. Making South Carolina "Halfway back" to "home" when they visit friends and family up north. America is moving to the coasts and a lot of retirees are here because of the ocean and beach lifestyle. Horry County has built over $1 billion dollars in new roads to handle the growth of the area. Very good planning! The good news for people who live here is tourism pays for a lot of what we locals enjoy. The Coastal Carolina area is of the nation's fastest-growing areas in the Nation. One key to the Grand Strands growth is that it remains a lot more affordable than other places to retire in the USA.

Myrtle Beach Relocation Information

Myrtle Beach Fastest Growing City

“Resort Lifestyle”

The city has a population of 32,000 Full-Time Residents, the number of visitors swells to an estimated 17 million as people vacation here. Much of the activity is focused on water sports, golf, and other entertainment.   Many people move here from elsewhere, and quickly join in the spirit of southern hospitality, welcoming others and enjoying community events. While the number of visitors is large, it actually never really feels crowded since the area itself is spread over 60 miles. The lifestyle feels very small town, despite the rapid growth in population. 

22,759 (2000)

29,971 (2007)

32,240 (2017)

• As of 2016, the total metro area had an estimated population of 269,291
• Median Age 2017: 46.4. with 28% over 65
• Golf, Family, Recreation, Retirement, Myrtle Beach excels in it.

How Many People are in Myrtle Beach SC?

• The growth rate of 3.9% in the last 10 years.
• 2nd fastest-growing metro area in the US.
• Population change since 2000: +26.3%

Myrtle Beach city planners are well aware of the need to manage and plan for expansion, have wisely created a 20-year comprehensive plan.

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Airports Myrtle Beach: MYRTLE BEACH INTL (about 4 miles; MYRTLE BEACH, SC; ID: MYR)

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Escape Home honored Myrtle Beach as being one of the Top Ten 2nd Home Investments.

The Travel Channel has named Myrtle Beach one of America’s Best Beaches. Earning 18 out of a possible 20 stars, Myrtle Beach was singled out as the Best Family Beach. A review on The Travel Channel’s Web site, discovery.com, states that “Myrtle Beach is the East Coast’s ultimate vacation hub.”

What are the average Myrtle Beach home prices? 

• Median Costs: $135,400 in 2000
• Current Median Condo Values  $127,900.
• Current Median Home Values $217,600. 

Good rental market, with a 29% vacancy rate

Myrtle Beach has LOW Real Estate Property Taxes:

Year-round residences are taxed at 4%

Second-homes are taxed at 6%. 

If you are over 65, there is a homestead exemption of $50,000. which reduces your property tax.

Cost of living index in Myrtle Beach: 90.8 (less than average, U.S. average is 100)

•   Myrtle Beach is ranked in the top 10 on Trip Smarter
•   Myrtle Beach ranked 14th on Golf Digest’s list of the 330 best US golf cities
•   Myrtle Beach area ranks as the 15th healthiest housing market in the United States.  
•   Money Magazine: Ranked Myrtle Beach, SC as one of the best places to live.
•   Yahoo ranked Myrtle Beach #1 in the list of "World's Best Beaches."
•  Where to Retire magazine named the Myrtle Beach area one of the 100 Best Retirement Towns in America. Editors traveled to all 50 states to compile the list. The magazine cites the Myrtle Beach area for its low cost of living and calls it one of the best beach towns in the nation. The Myrtle Beach area was named one of the nation’s top vacation spots for retired Americans age 55 and older, according to a study by tourism researchers D.K. Shifflet & Associates. The company also ranked the Myrtle Beach area No. 5 in the nation for leisure destinations

What is the Myrtle Beach area History? 

In the 1800s the rice plantations were well developed. Tourism began in the early 1900s, with the first hotel built in 1901 and beachfront homes could be bought for about $500.  (WHAT A GREAT INVESTMENT!)  In 1936, the Intercoastal Waterway opened.  The town of Myrtle Beach was officially incorporated in 1938.   A major hurricane in 1954 brought about new developments and an upsurge in golf that launched this area into one of the most favored vacation spots. 

Should I buy a Condo in Myrtle Beach?

The Grand Strand has over 60 miles of clean white sand, palms, emerald fairways and warm sunny days. We have over 1700 restaurants, deep-sea fishing, great golf and to many shops and theater attractions to count. Myrtle Beach is a year-round resort with our mild year-round temperatures and warm summer days. Imagine sitting on the balcony of your own condo overlooking the beach and ocean. Or maybe even overlooking the green of your favorite golf course. There are many reasons to own a condo, but personal enjoyment is always one of the highest priorities as an owner.

How is the Weather in Myrtle Beach all year round?

Comfortable Climate Year-Round

Mild temperatures and gentle ocean breezes make this area a great destination at any time of the year! Average temperature highs and average monthly precipitation

Money Magazine listed Myrtle Beach in their Top places to retire in the USA. 

Southern Living Magazine ranks Myrtle Beach as one of its top vacation destinations in the southeast.

Your Real Estate Agent  -  Jerry Pinkas Real Estate Experts

843-839-9870