Beach Colony Resort Investment Opportunity in Myrtle Beach, SC

Welcome to Beach Colony Resort: a standout oceanfront property in Myrtle Beach, South Carolina, where stunning ocean views, excellent guest amenities, and strategic location merge to offer one of the most compelling real estate investment opportunities in the Southeast. Whether you're a first-time investor, a business owner looking to exit traditional operations, or someone ready to diversify your 401(k) retirement savings into a tangible, income-producing asset, Beach Colony offers unmatched value.

Resort Overview

Beach Colony Resort, formerly a Forbes-rated hotel, has been transformed into a diverse condominium complex. With units ranging from compact efficiencies to expansive 4-bedroom suites, this oceanfront property accommodates every investor preference and traveler demographic.

Unit Sizes:

• Efficiencies: ~350 sq. ft.

• 2-Bedroom Units: Up to 1,125 heated sq. ft. and 1,150 total sq. ft.

• Balconies with views of the Golden Mile and Atlantic Ocean

These properties are known for:

• Modern upgrades (LVP flooring, granite countertops)

• Private, oceanfront balconies

• High-performing two-bedroom rentals with up to $72,200 annual gross rental income

Accommodations & Amenities

Beach Colony stands out for its vacation-friendly atmosphere and full-service amenities that draw tourists year after year:

Accommodations:

• Full kitchens in many units

• Separate living rooms in suites

• Washers/dryers in unit

Amenities:

• Two outdoor pools, indoor pool, lazy river, whirlpools

• Fitness center, sauna, snack shack, Cannonballs Grill

• Game room with pool tables

• Direct beach access

• Kraken Bar & Grill with full menu

• On-site laundry and conference rooms

Location Advantage

Beach Colony's location on North Ocean Boulevard puts your guests within minutes of top Myrtle Beach attractions:

Nearby Highlights:

• 9 mins to Myrtle Beach Boardwalk

• 7 mins to Broadway at the Beach

• 15 mins to Medieval Times & Pirates Voyage

• 14 mins to Myrtle Beach Airport

• Minutes to Top Golf, Tanger Outlets, River Oaks Golf Club

• Close to dozens of restaurants, entertainment, and grocery options

With simple navigation via Business 17, 17 Bypass, 501, and Highway 31, guests can easily explore North Myrtle Beach, Conway, Surfside, and beyond.

Financial Strategy for Investors

Cash Scenario:

• High-end 2-bed unit average GRI: $55,000

• Projected expenses (PM fee, HOA, taxes, insurance, cleaning): ~$15,947

• Projected annual profit: ~$33,452

Financing Scenario (15% down):

• Purchase Price: $421,500 | Down Payment: $63,360

• Estimated mortgage (8.24% @ 30 yrs): ~$33,960

• Total Expenses (PM, HOA, taxes, cleaning, mortgage): ~$55,783

• Projected net: slight loss unless high performer ($72K+ GRI unit)

Note: Lender options available with 15% down. Contact for preferred lenders.

Tax Advantages

Depreciation on your oceanfront condo can save thousands per year. Beach Colony units depreciate over 27.5 years. Cost segregation studies can accelerate write-offs for high-income earners.

Remodel Strategy

Smart investors purchase under-market dated units and renovate with:

• LVP flooring, fresh paint

• Granite countertops, new fixtures

• Barn doors, flat screen TVs

Even light cosmetic remodels can boost GRI by $5K–$10K per year. Owners who over-remodel often see superior resale value and higher guest satisfaction.

HOA Inclusions

Beach Colony's HOA covers:

• Electric (including in-unit)

• Water/Sewer, Trash

• Internet, Cable TV

• Pool, Elevator, Security, Pest Control

• Maintenance, Legal/Accounting

Unique Perks for Owners

• No amenity penalty for off-site PM: Your guests can enjoy full access.

• Resort Fee Credit Program: 60% of collected resort fees go toward unit updates.

Market Report (March 2024)

• Active Listings: 3 | Avg Price: $352,250 | Avg DOM: 67

• Under Contract: 4 | Avg Price: $262,450 | Avg DOM: 60

• Sold (6 months): 5 | Avg Price: $216,950 | Sold-to-List Ratio: 96.47%

Units move quickly—pre-approvals or proof of funds are recommended.

Next Steps

If you're ready to turn vacation demand into long-term income, let’s talk. Whether you’re looking to:

• Transition your small business equity

• Roll over retirement funds into real estate

• Build a profitable short-term rental portfolio

I’ll help you find the right Beach Colony unit for your goals. Call, text, or email me today to schedule a consultation.

📞 Call/Text: 843-360-1737
📧 Email: brandonkunasek@kw.com