Ranked #3 on Expedia.com for the Top 5 Oceanfront Resorts in Myrtle Beach, SC

Holiday Sands South Resort (Our Pick)

2411 South Ocean Boulevard, Myrtle Beach, SC, 29577

Ranked 8.6/10

3 online reviews. 

Popular amenities

Indoor Pool, Outdoor Pool, Parking included, Free WiFi, Gym

One reviewer said, “It’s in a perfect location. You could walk to most anything. Staff was friendly. Will definitely come again next summer.”

Investing at Holiday Sands Resort

For those interested in buying a unit at Holiday Sands Resort, units range from 1-bedroom to 2-bedrooms, having between 500 to 1,150 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 $223,300 while the oceanview 1-bedroom sold at an average price of $199,000 in 2022 (No Oceanview units sold during 2023).

2-Bedroom Units

The average price of an oceanfront 2-bedroom unit in 2023 was $296,250 while the oceanview 2-bedroom sold at an average price of $309,000.

Gross Rental Income (2023)

1-Bedroom Units

A 1-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $28,600.

For a cash buyer, the estimated operating expense of a 1-bedroom oceanfront unit is  $15,719.89, this provides a projected profitability of $12,880.11.

For a buyer using financing, the estimated operating expense of a 1-bedroom oceanfront unit is $33,635.89, this provides a projected loss of $5,035.89.

The Average 1-bedroom Oceanfront Unit provides a depreciation of as much as $8,228.62, and over the past decade appreciated by $131,647, an 144% increase in appreciated value.

2-Bedroom Units

A 2-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $38,000.

For a cash buyer, the estimated operating expense of a 2-bedroom oceanfront unit is  $21,803.99, this provides a projected profitability of $16,196.01.

For a buyer using financing, the estimated operating expense of a 2-bedroom oceanfront unit is $46,871.99, this provides a projected loss of  $8,871.99.

The Average 2-bedroom Oceanfront Unit provides a depreciation of as much as $11,512.73, and over the past 9 years appreciated by $160,125, an 118% 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.