Coming in at #5 on the List,
Caravelle Resort
6900 North Ocean Boulevard, Myrtle Beach SC , Myrtle Beach, SC 29577
Ranked 9.2/10
One reviewer said, “The location was amazing, a few steps from the beach and a short drive to the city! The property was fully equipped with everything you may need and the amenities were spectacular! Clean, comfortable, and the host was amazing!”
Investing at Caravelle Resort
For those interested in buying a unit at Caravelle Resort, units primarily range from efficiency to 1-bedroom, having between 340 to 1,112 heated square feet, and come as both oceanview and oceanfront units.
Efficiency Units
The average price of an oceanfront efficiency unit in 2023 was $158,285 while the oceanview efficiency sold at an average price of $155,000.
1-Bedroom Units
The average sold price of an oceanfront 1-bedroom unit in 2023 was $199,657 while the oceanview 1-bedroom sold at an average price of $203,580.
Gross Rental Income (2023)
Efficiency Units
An efficiency Oceanfront unit has a Gross Rental Income in 2023 of $23,467.
1-Bedroom Units
A 1-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $30,549.
Coming in at #4 on the List,
Oceans One Resort
102 South Ocean Boulevard, Myrtle Beach, SC 29577
Ranked 9.8/10
9 online reviews
One reviewer said, “The location of the property and the size of the apartment. The view was really nice as well. Each bedroom had its own bathroom.”
Rates vary by season but are advertised starting at $199 per night.
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, “The location of the property and the size of the apartment. The view was really nice as well. Each bedroom had its own bathroom.”
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 2022 was $420,069 while the oceanview 3-bedroom sold at an average price of $426,225 in 2023.
Gross Rental Income (2023)
1-Bedroom Units
A 1-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $34,740.79.
2-Bedroom Units
A 2-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $69,432.
3-Bedroom Units
A 3-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $59,953.42.
Coming in at #3 on the List,
The Oceans
2500 North Ocean Boulevard, North Myrtle Beach, Myrtle Beach, SC
Ranked 9.4
5 online reviews
Rates vary by season but are advertised starting at $245 per night.
Popular amenities
Outdoor Pool, Beachfront, Free parking, Free WiFi, BBQ facilities, Elevator, Air conditioning, Heating.
One Reviewer said, “This was a great condo. It has everything you need and nice size. Walking distance to restaurants, shopping and entertainment.”
Investing at The Oceans Resort
For those interested in buying a unit at The Oceans Resort, units range from 1-bedroom to 2-bedrooms, having between 700 to 1,250 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 $292,150 while the oceanview 1-bedroom sold at an average price of $293,000.
2-Bedroom Units
The average price of an oceanfront and oceanview 2-bedroom unit in 2023 was $383,500.
Gross Rental Income (2023)
1-Bedroom Units
A 1-bedroom Oceanfront unit has a Gross Rental Income in 2022 of $26,134.78
2-Bedroom Units
A 2-bedroom Oceanfront unit has a Gross Rental Income in 2022 of 62,769.
Coming in at #2 on the List,
Seawatch Resort
161 Seawatch Drive #512 South Tower, Myrtle Beach, SC 29572
Ranked 10/10
8 online reviews
Rates vary by season but are advertised starting at $267.60 per night.
3 swimming pools, Beachfront, Free parking, Free WiFi, Non-smoking rooms, Restaurant, Bar, Elevator, Air conditioning, Private beach area
One Reviewer said, ““Such a beautiful place to stay for 2 definitely would want to come back to this resort”
Investing at Seawatch Resort
For those interested in buying a unit at Seawatch Resort, units range from 1-bedroom to 3-bedrooms, having between 400 to 1300 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 $296,800 while the oceanview 1-bedroom sold at an average price of $312,500.
2-Bedroom Units
The average price of an oceanfront 2-bedroom unit in 2022 was $423,125 while the oceanview 2-bedroom sold at an average price of $430,000.
3-Bedroom Units
The average price of an oceanfront 3-bedroom unit in 2023 was $595,000 while the oceanview 3-bedroom sold at an average price of $615,000.
Gross Rental Income (2023)
1-Bedroom Units
A 1-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $30,092.
2-Bedroom Units
A 2-bedroom Oceanfront unit has a Gross Rental Income in 2023 of $44,773.
3-Bedroom Units
A 3-bedroom Oceanfront unit has a Gross Rental Income in 2022 of $65,000+/-.
Coming in at #1 on the List,
PELICANS WATCH – Diamond on the Shore
9571 Shore Drive 318, Myrtle Beach, SC 29572
Ranked 9.3 out of 10
6 online reviews
Rates vary by season but are advertised starting at $150 per night.
Popular amenities
Outdoor swimming pool, Free parking, Free WiFi, Non-smoking rooms, Family rooms, BBQ facilities, Elevator, Air conditioning
One reviewer said, “It was affordable and accommodated our bigger families needs. The host communicated well and got back to us quickly. It was clean and nice.”
Investing at Pelican’s Watch – Diamond on the Shore
For those interested in buying a unit at Pelican’s Watch – Diamond on the Shore, units are primarily 3-bedrooms 2-bathrooms and 1-half bathroom, having between 1000 to 1262 heated square feet, and come as both oceanview and oceanfront units.
3-Bedroom Units
The average sold price of an oceanfront 1-bedroom unit in 2023 was $485,000 while the oceanview 1-bedroom sold at an average price of $340,000.
Gross Rental Income (2023)
3-Bedroom Units
3-bedroom units typically have a Gross Rental Income in 2023 of $25,000-$30,000.
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.