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

Caribbean Resort & Villas

Located at 3000 North Ocean Blvd, Myrtle Beach, SC, 29577

Ranked 7.4/10 By Expedia

1,210 online reviews

Popular amenities

2 indoor pools, 5 outdoor pools, Arcade/game room, Children's pool, Free water park, Full-service spa, Gym, Lazy river, Spa tub, Waterslide, On the beach, Pool loungers, Terrace

One Reviewer said, “Clean facility and friendly staff.”

Investing at Caribbean Resort & Villas

For those interested in buying a unit at Caribbean Resort & Villas, units range from 1-bedroom to 4-bedrooms, having between 400 to 1,760 heated square feet, and come as both oceanview and oceanfront units.  

1-Bedroom Units

The average sold price of an oceanfront 1-bedroom unit in 2023 was $232,543 while the oceanview 1-bedroom sold at an average price of $237,600.  

2-Bedroom Units

The average price of an oceanfront 2-bedroom unit in 2023 was  $378,000 while the oceanview 2-bedroom sold at an average price of  $396,000.

3-Bedroom Units

The average price of an oceanfront 3-bedroom unit in 2023 was  $496,100 while the oceanview 3-bedroom sold at an average price of  $452,416 in 2022.

4-Bedroom Units

The average price of an oceanfront/view 4-bedroom unit in 2023 was  $605,000 while that same unit sold at an average price of  $540,000 in 2022.

Gross Rental Income

1-Bedroom Units

A 1-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $33,418.72.

For a cash buyer, the estimated operating expense of a 1-bedroom oceanfront unit is $16,955.69, this provides a projected profitability of $16,463.03.

For a buyer using financing, the estimated operating expense of a 1-bedroom oceanfront unit is $35,807.69, this provides a projected loss of $2,388.97.

The Average 1-bedroom Oceanfront Unit provides a depreciation of as much as $8,658.29, and over the past decade appreciated by $109,135, an 88% increase in appreciated value.

2-Bedroom Units

A 2-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $45,556.60.

For a cash buyer, the estimated operating expense of a 2-bedroom oceanfront unit is $27,281.22, this provides a projected profitability of $18,275.38.

For a buyer using financing, the estimated operating expense of a 2-bedroom oceanfront unit is $56,837.22, this provides a projected loss of $11,280.62.

The Average 2-bedroom Oceanfront Unit provides a depreciation of as much as $13,745.45, and over the past decade appreciated by $183,000, an 94% increase in appreciated value.

3-Bedroom Units

A 3-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $58,925.

For a cash buyer, the estimated operating expense of a 3-bedroom oceanfront unit is $39,249.86, this provides a projected profitability of $19,675.14.

For a buyer using financing, the estimated operating expense of a 3-bedroom oceanfront unit is $75,189.86, this provides a projected loss of $16,264.86.

The Average 3-bedroom Oceanfront Unit provides a depreciation of as much as $16,602.40, and over the past decade appreciated by $177,082, an 56% increase in appreciated value.

4-Bedroom Units

A 4-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $98,458.

For a cash buyer, the estimated operating expense of a 4-bedroom oceanfront unit is $46,854.27, this provides a projected profitability of $51,603.73.

For a buyer using financing, the estimated operating expense of a 4-bedroom oceanfront unit is $94,158.27, this provides a projected profitability of $4,299.73.

The Average 4-bedroom Oceanfront Unit provides a depreciation of as much as $22,000.00, and over the past decade appreciated by $235,000, an 64% increase in appreciated value.