Ranked #2 on Expedia.com for the Top 5 Oceanfront Resorts in Myrtle Beach, SC

Sandy Beach Oceanfront Resort

201 South Ocean Blvd., Myrtle Beach, SC, 29577

Ranked 8.2/10 

1,402 online reviews

Popular amenities

2 indoor pools, 2 outdoor pools, Children's pool, Gym, Lazy river, Barbecue grill, On the beach, Picnic area, Pool loungers

Guest reviews speak well of the family-friendly amenities, beach locale, and pool. One reviewer said, “Very nice view of the ocean, nice pools, house keeping great!” 

Investing at Sandy Beach Oceanfront Resort

For those interested in buying a unit at Sandy Beach Oceanfront Resort, units range from 1-bedroom to 3 bedrooms, having between 450 to 1,500 heated square feet, and come as both oceanview and oceanfront units.  

1-Bedroom Units

The average price of an oceanfront 1-bedroom unit in 2023 was $230,242 while the oceanview 1-bedroom sold at an average price of $215,500.

2-Bedroom Units

The average price of an oceanfront 2-bedroom unit in 2022 was  $375,000 while the oceanview 2-bedroom sold at an average price of  $425,000.

3-Bedroom Units

The average price of an oceanfront 3-bedroom unit in 2023 was   $524,500 while the oceanview 3-bedroom sold at an average price of $532,500.

Gross Rental Income (2023)

1-Bedroom Units

A 1-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $42,345.

For a cash buyer, the estimated operating expense of a 1-bedroom oceanfront unit is $18,353.47, this provides a projected profitability of $23,991.53.

For a buyer using financing, the estimated operating expense of a 1-bedroom oceanfront unit is $37,241.47, this provides a projected profitability of $5,103.53.

The Average 1-bedroom Oceanfront Unit provides a depreciation of as much as $8,676.36, and over the past decade appreciated by $105,326, an 84% increase in appreciated value.

2-Bedroom Units

A 2-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $38,000.00.

For a cash buyer, the estimated operating expense of a 2-bedroom oceanfront unit is $26,465.09, this provides a projected profitability of $11,534.91.

For a buyer using financing, the estimated operating expense of a 2-bedroom oceanfront unit is $60,641.09, this provides a projected loss of $22,641.09.

The Average 2-bedroom Oceanfront Unit provides a depreciation of as much as $15,696.91, and over the past 9 years appreciated by $270,000, an 169% increase in appreciated value.

3-Bedroom Units

A 3-bedroom Oceanfront unit has a Gross Rental Income in 2022 of $49,970.

For a cash buyer, the estimated operating expense of a 3-bedroom oceanfront unit is $31,348.21, this provides a projected profitability of $18,621.79.

For a buyer using financing, the estimated operating expense of a 3-bedroom oceanfront unit is $70,936.21, this provides a projected loss of $20,966.21.

The Average 3-bedroom Oceanfront Unit provides a depreciation of as much as $18,181.82, and over the past 8-years appreciated by $273,500, a 109% increase in appreciated value.

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.