Ranked #4 on Expedia.com for the Top 5 Oceanfront Resorts in Myrtle Beach, SC

Oceans One Resort

102 South Ocean Boulevard, Myrtle Beach, SC, 29577

Ranked 7.8/10

1001 online reviews

Popular amenities

2 spa tubs, Children's pool, Gym, Indoor pool, Lazy river, Outdoor pool, TV in common areas, On the beach, On the water, Terrace

One Reviewer said, “Really nice and spacious rooms. Loved the 2 separate balconies. Rooms are up to date.”

Investing at Oceans One Resort

For those interested in buying a unit at Oceans One Resort, units range from 1-bedroom to 3-bedrooms, having between 550 to 1,350 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 $267,966 while the oceanview 1-bedroom sold at an average price of $274,900.  

2-Bedroom Units

The average price of an oceanfront 2-bedroom unit in 2022 was $420,069 while the oceanview 2-bedroom sold at an average price of $426,225 in 2023.

3-Bedroom Units

The average price of an oceanfront 3-bedroom unit in 2023 was $510,000.

Gross Rental Income (2023)

1-Bedroom Units

A 1-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $34,740.79.

For a cash buyer, the estimated operating expense of a 1-bedroom oceanfront unit is $19,953.80, this provides a projected profitability of $14,786.99.

For a buyer using financing, the estimated operating expense of a 1-bedroom oceanfront unit is $44,709.80, this provides a projected loss of $9,969.01.

The Average 1-bedroom Oceanfront Unit provides a depreciation of as much as $11,024.22, and over the past decade appreciated by $105,386, an 65% increase in appreciated value.

2-Bedroom Units

A 2-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $69,432.

For a cash buyer, the estimated operating expense of a 2-bedroom oceanfront unit is $32,856.18, this provides a projected profitability of $36,575.82.

For a buyer using financing, the estimated operating expense of a 2-bedroom oceanfront unit is $69,672.18, this provides a projected loss of $240.18.

The Average 2-bedroom Oceanfront Unit provides a depreciation of as much as $16,908.18, and over the past 9 years appreciated by $132,569, an 46% increase in appreciated value.

3-Bedroom Units

A 3-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $59,953.42.

For a cash buyer, the estimated operating expense of a 3-bedroom oceanfront unit is $43,057.24, this provides a projected profitability of $16,896.18.

For a buyer using financing, the estimated operating expense of a 3-bedroom oceanfront unit is $84,937.24, this provides a projected loss of $24,983.82.

The Average 3-bedroom Oceanfront Unit provides a depreciation of as much as $19,236.36, and over the past 8-years appreciated by $255,634, a 100% 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.