Ranked #1 on Expedia.com for the Top 5 Oceanfront Resorts in Myrtle Beach, SC

Holiday Pavilion Resort on the Boardwalk

1200 N Ocean Blvd, Myrtle Beach, SC, 29577-3757

Ranked 8.2/10

1188 online reviews

Popular amenities

Children's pool, Gym, Indoor pool, Lazy river, Outdoor pool, Spa tub, Bar/lounge, Coffee Shop/cafe, Poolside bar, Barbecue grill, Picnic area, Extra beds/cribs

Reviewer said, “Great location on the beach. Heated pool which grandkids enjoyed. Good eats near by. Great hotel for families.”

Investing at Holiday Pavilion Resort on the Boardwalk

For those interested in buying a unit at Holiday Pavilion Resort on the Boardwalk, units range from Efficiency to 1-bedrooms, having between 358 to 1,150 heated square feet, and come as both oceanview and oceanfront units.  

Efficiency Units

The average sold price of an oceanfront Efficiency unit in 2023 was $223,300 while the oceanview Efficiency sold at an average price of $199,000 in 2023.  

1-Bedroom Units

The average sold price of an oceanfront 1-bedroom unit in 2023 was $220,000 while the oceanview 1-bedroom sold at an average price of $165,000 in 2023.

Gross Rental Income (2023)

Efficiency Units

An Efficiency Oceanfront unit has a Gross Rental Income in 2023 of $32,400. However, similar units average $45,000 per year on the onsite program.

For a cash buyer, the estimated operating expense of an Efficiency oceanfront unit is  $22,708.70, this provides a projected profitability of $22,291.30.

For a buyer using financing, the estimated operating expense of an Efficiency oceanfront unit is $36,184.70, this provides a projected profitability of $8,815.30.

The Average Efficiency Oceanfront Unit provides a depreciation of as much as $6,181.82, and over the past decade appreciated by $75,208, an 74% increase in appreciated value.

1-Bedroom Units

A 1-bedroom Oceanfront unit has a Gross Rental Income in 2022 of $37,813.

For a cash buyer, the estimated operating expense of a 1-bedroom oceanfront unit is $23,899.43, this provides a projected profitability of $13,913.57.

For a buyer using financing, the estimated operating expense of a 1-bedroom oceanfront unit is $40,123.43, this provides a projected loss of $2,310.43.

The Average 1-bedroom Oceanfront Unit provides a depreciation of as much as $7,450.91, and over the past decade appreciated by $98,000, an 80% increase in appreciated value.

Source: Click Here.

Call today to discuss your next Oceanfront Condo purchase in the Myrtle Beach Real Estate Market: 843-360-1737

Disclaimer: All information given is meant to be educational. I am only passing on historical information shared with me by owners, rental companies, and various publications. I am not guaranteeing these numbers, nor can I guarantee future rentals or appreciation. This information is not intended to replace your own research, or to provide legal, investment, or financial advice. Please consult an attorney for legal advice.