For more than 40 years, Caribbean Resort has set new standards of top-notch service and is one of the most sought after places in the entire Grand Strand. Recent renovation projects have added to the charm and beauty of Caribbean Resort in Myrtle Beach, and continue making itself one of the most popular resorts in the area. Probably, that’s not enough to say about Caribbean Resort, so let’s explore the Caribbean Beach Resort and Villas.
Located at 3000 N Ocean Blvd, Myrtle Beach, SC 29577. The Caribbean Resort enjoys an ideal location in Myrtle Beach and is located near all major landmarks. Broadway at the Beach, Myrtle Beach Convention Center, Myrtle Waves Water Park and The Myrtle Beach Pinball Museum are located within 1 mile of this fantastic resort facility.
The condos at The Caribbean Resort in Myrtle Beach are located across four different complex buildings. Here’s a look at each one of them.
The Jamaica Inn: Jamaica Inn is the motor lodge that features four stories and boasts of an oceanfront pool of its own. The guests who choose to stay at Jamaica Inn can access all water amenities available at the main buildings in the resort.
The Dominican Tower: It was recently renovated and features all the new suites.
Owners and Guests will enjoy the many different useful features at the Caribbean Resort and Villas. Here’s a list featuring most sought after amenities at the resort.
Ideal for families, these oceanfront condos have activities to offer people of all ages. As mentioned earlier, it wasn’t long before Dominican Tower received a full renovation and now it provides all-new suites. Regardless of the facility, you choose to go with, Caribbean Resort offers everything to please vacationers and investors alike. It’s not just the multiple swimming pools, lazy rivers, hot tubs, water park and kiddie pools the make guest come back year after year. It’s the total vibe of this Myrtle Beach resort. For families who love getting involved in water activities, this is the perfect resort.
Something that draws most of the locals and visitors to the Caribbean Resort is the on-site restaurant known as The Sea Captain’s House. The oceanfront seafood restaurant holds some historical value and draws crowds from the entire Grand Strand only for enjoying local food and the world-famous She-Crab Soup.
The Caribbean Resort condos offer good potential to people looking for their place at the beach. The rentals are better than average and the prime location; combined with all the amenities, really give these condos a high demand. So, if you are looking for an investment opportunity in Myrtle Beach South Carolina, Caribbean Resort is one condo community you should consider.
Gross rental income history is an important benchmark to consider when purchasing an oceanfront condo. As per CCAR Paragon:
· Average Gross Rental Income for 1 Bedroom Oceanview Condo $27,000.
· Average Gross Rental Income for 1 Bedroom Oceanfront Condo $35,000.
· Average Gross Rental Income for 2 Bedroom Oceanview Condo $47,000.
· Average Gross Rental Income for 2 Bedroom Oceanfront Condo $52,000.
· Average Gross Rental Income for 3 Bedroom Oceanfront Condo $49,000.
· Average Gross Rental Income for 3 Bedroom Oceanview Condo $52,000.
· Average Gross Rental Income for 4 Bedroom Oceanfront Condo $72,000.
*Note your income can vary, but this is a baseline of what average top-performing units have received in rental income.
Very important to note that the actual condo unit position in the building is very important in relation to income, as well as the condition of the unit, its furnishings and the amount of owner usage. These and many other factors can affect your actual rental dollars. Jerry Pinkas Real Estate Experts can help you with this and get you exact rental numbers for the exact unit.
Are you thinking about buying or selling a condo at Caribbean Resort in Myrtle Beach? Call The Jerry Pinkas Real Estate Experts at 843-839-9870. This is what we do. We do it every day, and we’re good at it. We are here to help YOU!
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