Invest in Caribbean Resort Oceanfront Condos in Myrtle Beach, SC

Welcome to the Caribbean Resort in Myrtle Beach, South Carolina — one of the most iconic and investor-friendly oceanfront resorts in the Southeast. If you're a first-time investor, seasoned real estate pro, 401k investor looking to diversify into real estate, or a small business owner preparing for your next chapter, this is your gateway to building passive income, appreciation, and long-term financial security.

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Why Invest in Oceanfront Condos at Caribbean Resort?

• High Tourist Demand: Myrtle Beach attracts over 20 million tourists annually, making it the second-most visited destination on the East Coast. This constant influx fuels high occupancy rates and consistent rental demand.

• Strong Appreciation: Properties at Caribbean Resort have appreciated significantly over the past decade. A unit purchased for $290,000 in 2014 would be worth $421,000 today — a $131,000 increase.

• Tax Benefits: Through depreciation and cost segregation studies, investors can reduce their taxable income significantly, often writing off $12,000 to $30,000 annually.

• Lower Entry Price vs. Florida: Oceanfront condos in Myrtle Beach offer the same rental income potential as Florida properties — but at a fraction of the cost.

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Resort Overview

Caribbean Resort is massive and offers a wide array of unit types across several buildings:

• Jamaican Building: One block from the main resort, great for couples.

• Dominican Tower: Oceanfront suites and efficiency units.

• Cayman Tower: Two-, three-, and four-bedroom condos.

• Chelsea Villas: Two- and three-bedroom units across the street.

Each unit includes full kitchens, washers/dryers, private balconies, and spacious floorplans.

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Onsite Amenities

• Multiple indoor & outdoor pools

• Lazy rivers and hot tubs

• Oceanfront views & beach access

• Water slides & splash zones

• Tiki bars and restaurants

• Starbucks onsite

• Gift shops & spas

These amenities make Caribbean Resort a favorite among tourists, maximizing rental appeal.

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Onsite vs. Offsite Management

Onsite property management takes 40% of your gross rental income.

Offsite/self-management through platforms like Airbnb cuts fees to just 3%, allowing investors to retain more of their earnings.

Bonus: Self-managed guests still enjoy full access to all resort amenities.

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Rental Income & Profit Potential

• Top-performing 3BR units: $74,267 annual gross rental income

• Average occupancy: 70%

• Average daily rate: $234

• Typical cleaning cost: $200 per turnover

• HOA dues: $1,536/month (includes electric in-unit, internet, cable, pest control, etc.)

Example Profit (Cash Purchase):

• Gross: $74,267

• Expenses (taxes, HOA, cleaning, platform fee, etc.): ~$35,790

• Net Profit: ~$36,600/year

Example Profit (Financed at 20% down, 7.9% interest):

• Net Profit: ~$3,644 (with upside to $13K–$18K if income increases)

• Cash-on-Cash Return (with depreciation & appreciation): Up to 46%

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Concierge Services Strategy

Increase repeat business and nightly rates by offering concierge packages:

• Romantic packages (wine, rose petals, robes)

• Gift baskets & dinner reservations

• Festival tickets & golf packages

Your cleaner can handle the delivery/setup. Charge a convenience fee and improve guest experience.

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Market Report (as of 2024)

• Active Listings: 7 units (2BR–3BR), ranging from $345K–$500K

• Avg. List Price: $444,000

• Avg. Days on Market (sold): 176 days

• Recent Sales: $390K–$420K

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Attractions Nearby

All within 5–10 minutes:

• Myrtle Beach Boardwalk

• SkyWheel

• Broadway at the Beach

• Ripley's Aquarium

• Myrtle Beach Convention Center

• Pinball Museum

• 90+ golf courses

These nearby attractions ensure high tourist foot traffic all year.

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Top 5 Resort Picks

1. Dunes Village Resort – Highest GRI, luxury appeal

2. Caribbean Resort – Best value-for-money investment

3. Bay View Resort – Boardwalk access

4. Grand Atlantic Resort – Highest profit per unit (per investor interviews)

5. Sand Dunes Resort – Glow-in-the-dark mini golf, proven profitability

Bonus Pick: Compass Cove Resort – Best ROI for budget-conscious investors

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Final Thoughts

Whether you're diversifying a 401k, exiting a small business, or investing for cash flow and appreciation, Caribbean Resort delivers. Myrtle Beach's affordability, tax advantages, and growing popularity make it one of the best short-term vacation rental markets in the country.

Want to get started? Call/text me at 843-360-1737 and let's build your passive income portfolio.

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Disclaimer: All data based on historical MLS data and investor interviews. Past performance is not a guarantee of future results.