Myrtle Beach Resort Condos Investment Analysis (2023–2024)

Overview of Myrtle Beach Resort and Its Buildings

Myrtle Beach Resort features multiple condo buildings (Renaissance Tower in left background, and mid-rise oceanfront buildings) surrounding large outdoor pools and amenities. The Myrtle Beach Resort is a 33-acre oceanfront condominium complex in south Myrtle Beach, SC, almost at the Surfside Beach line. This gated resort, often called “The Resort that has it All,” comprises four distinct condo sections: Renaissance Tower, Sea Breeze (Building A), Ocean Spa (Building B), and the Five Seasons Centre. Each section offers a unique setting but shares in the resort’s extensive amenities and beach access. The resort boasts direct beachfront access and a vast array of on-site amenities: multiple outdoor pools, two indoor pools, a 375-foot lazy river, hot tubs and saunas, tennis & pickleball courts, playgrounds, a fitness center, on-site dining (snack bars, a beachfront cabana bar, and even a small deli), and 24-hour gated security. Thanks to these features, Myrtle Beach Resort has been a family vacation favorite for decades, and its condos provide an attractive opportunity for investors seeking turnkey vacation rental properties with resort-style appeal.

Renaissance Tower: The Renaissance Tower is a 22-story high-rise on the oceanfront side of the resort. Built in the early 1980s, it offers sweeping Atlantic views from its efficiency studios, one-bedroom, and two-bedroom units. Many units in the Tower feature private balconies overlooking the beach and coastline. The Tower has its own outdoor pool, indoor hot tub, laundry facilities, and a gym, plus direct access to the oceanfront bar and beach. From an investment perspective, Renaissance Tower units are popular due to their direct ocean views – even small studios can advertise a beachfront stay. Unit sizes in the Tower range from cozy efficiencies (~350–400 sq ft) up to 2-bedroom condos ~900 sq ft. Recent sale prices in 2023–2024 range roughly from around $80,000 for an efficiency up to $150,000+ for updated two-bedrooms. HOA fees for Tower units tend to be a bit lower than the other buildings, often in the mid-range (we’ll discuss specifics shortly). The Tower’s draw is the iconic high-rise experience – guests enjoy panoramic vistas and being steps from the beach, which helps keep rental demand strong.

Sea Breeze (Building A): Sea Breeze is the resort’s five-story oceanfront building on the south side, also dating from the early ’80s. It is often referred to simply as “Building A.” This building is prized for its location adjacent to the resort’s water park feature – Building A hosts the splash pool and waterpark amenity that thrills families. Units in Sea Breeze are typically one and two bedrooms (with some studios), and many are true oceanfront (facing directly to the beach) or have pool views. Being closer to ground level than the Tower, these condos give a more immediate beachfront atmosphere. Sea Breeze’s HOA fees tend to be the highest in the resort because this building’s regime supports the water park and oceanfront pool; two-bedroom units here have HOA dues around $1,100 per month, while smaller 1BR units are a bit less. These fees cover extensive amenities and utilities (insurance, water/sewer, cable, internet, etc. – more on that below). Investors like Building A for its family appeal: the lazy river and kids’ splash zone at its base drive high summer occupancy, as children can go from condo to water park in minutes. However, owners must ensure their units remain updated – some Sea Breeze condos have suffered from deferred maintenance in the past, and guest reviews have reflected that (e.g. complaints of dated interiors or cleanliness issues, which we will cover in Guest Reviews). On the whole, Sea Breeze units command solid summer rates due to their prime location and amenities.

Ocean Spa (Building B): The Ocean Spa section (or “Building B”) is another five-story oceanfront building, located toward the north side of the resort. Ocean Spa units also offer one and two bedroom layouts, many with ocean views (some are oceanfront, others have angled or courtyard views). Building B’s hallmark is its indoor pool complex and spa – it contains an indoor heated pool, hot tub, sauna, and exercise room for year-round use. This makes Ocean Spa units attractive to winter “snowbird” renters and off-season guests who value the indoor amenities. HOA fees in Building B are roughly in line with Building A, often around $800–$900/month for a one-bedroom and up to ~$1,000+ for larger units, as they too include full-amenity access and building maintenance. Ocean Spa shares the resort’s central amenities (guests from any building can use any pool), but its specific indoor facilities give it an edge in cooler months. Investors often find that Ocean Spa condos can achieve slightly better shoulder season occupancy thanks to those indoor features. Like Sea Breeze, maintaining an updated interior is key – these buildings are 40+ years old, so renovated units significantly outperform original-condition ones in rental ratings and revenue.

Five Seasons Centre: Set back from the ocean, the Five Seasons Centre is a distinct part of Myrtle Beach Resort that offers a more tranquil, park-like setting. This complex consists of several low-rise, wood-frame buildings (2-3 stories) situated around landscaped courtyards with ponds and walking paths. There are 156 condos in Five Seasons, in one-bedroom and two-bedroom configurations. What Five Seasons sacrifices in immediate beach proximity (it’s about a 5-10 minute walk through the resort to reach the beach) it makes up for in serenity and additional amenities: its own indoor-outdoor pool at the Five Seasons clubhouse, whirlpool spas, a putting green, picnic/grill areas, pickleball and tennis courts, and even giant chess and lawn games. The Five Seasons area is ideal for snowbirds and long-term winter renters due to its quieter atmosphere. From an investment standpoint, Five Seasons condos are typically the most affordable – prices in 2023 have been seen in the $60s and $70s thousands for one-bed units, up to ~$120K for larger or upgraded two-bedrooms. HOA dues are still substantial (owners still pay into the master resort amenities) but can be a bit lower on average than the oceanfront towers – often in the $600–$800/month range for a one-bedroom, with two-bedrooms higher (some larger units’ HOA can reach $1,000+). Five Seasons might have a separate HOA regime management (it has its own HOA office on-site), but owners and guests have full access to all resort amenities just like oceanfront owners. In terms of rental performance, Five Seasons units typically achieve lower nightly rates and occupancy compared to the oceanfront buildings in peak season, given the lack of ocean view. However, they can still be profitable investments because of the much lower purchase price – they are often used for budget-friendly rentals and extended off-season stays (e.g. a retired couple renting January-March). Investors looking at Five Seasons should factor in that peak summer rentals may be slower (some vacationers insist on ocean view), but there is a niche for offering a lower-cost family condo in a resort with all the amenities. Many budget-conscious guests are happy to walk a bit to the beach in exchange for the lower rate, so occupancy can still be strong if priced right.

In summary, Myrtle Beach Resort’s diversity of buildings allows investors to choose an approach: the high-demand oceanfront units (Tower, A, B) which cost more but rent at top dollar, or the value-priced off-ocean units (Five Seasons) which cost less and can yield solid returns relative to their price. All owners share the benefit of the resort’s family-friendly attractions and one-stop vacation experience (so much to do on-site that guests often don’t leave the resort grounds). Next, we’ll dive into how these condos performed as short-term rentals in 2023–2024 and what kind of income and occupancy investors can expect.

2023–2024 Short-Term Rental Performance Overview

Occupancy and Seasonal Patterns: The Myrtle Beach area saw robust tourism in 2023, though the short-term rental market began to normalize after the post-pandemic travel surge. On average, Myrtle Beach short-term rentals achieved about 55–62% occupancy over the past year. According to market data, a “typical” Airbnb/VRBO listing in Myrtle Beach was booked about 226 nights in a year (~62% occupancy) with an average daily rate around $121. Peak season is undoubtedly the summer: July is consistently the busiest and most profitable month. In fact, a typical rental might gross around $3,600 in revenue in July alone, whereas a slow winter month like January could bring in under $1,200. This extreme seasonality is a key factor for investors to plan around – essentially, summer profits make the year, while spring and fall shoulder seasons provide moderate income, and winter is either off-season or monthly snowbird rentals.

At Myrtle Beach Resort specifically, the pattern holds true. Summer occupancy often reaches 90%+ for well-marketed units in June, July, and August (many condos are fully booked weeks in advance for the peak summer weeks). Guests flock for the on-site amenities and family-friendly atmosphere when kids are out of school. Spring (March – May) sees rising occupancy: weekend getaway travelers and spring break families visit, though weather can be cooler. Fall (Sept – Oct) often remains steady with “second summer” vacations and many festivals/events in Myrtle Beach drawing visitors. Winter (Nov – Feb) is the quietest period for short-term stays – occupancy can drop below 20% in the coldest months for vacation rentals. Some owners switch to monthly rentals in winter (e.g. a northerner might rent a Five Seasons condo for January-March at a flat monthly rate) rather than attempt nightly stays. This can secure 100% occupancy for those months albeit at a discounted rate.

Despite the strong summer of 2023, there were signs of a slight market softening moving into 2024. The Myrtle Beach Area Chamber reported that while hotel occupancy increased in summer 2024, short-term rental occupancy actually fell ~7% compared to the previous year. This aligns with nationwide trends of increased rental supply and travelers shifting some stays back to traditional hotels. For investors, this means that compared to the boom of 2021–22, you should expect a more competitive market in 2024. Occupancy rates normalized a bit lower and average revenues were down roughly 5–10% year-over-year in 2023. Myrtle Beach still has solid rental demand (the market is rated “Good” for investability by AirDNA, with growing supply), but gone are the days of ultra-easy bookings at premium rates. Going forward, it’s important to budget conservatively on occupancy – perhaps assume ~50% annual occupancy (180-190 nights booked) as a baseline, and treat anything above that as upside. Savvy hosts with great marketing and reviews can certainly beat the average (some condos maintain 70%+ occupancy by aggressively pricing and promoting), but building some slack into projections is wise in the current market.

Booking Channels (Airbnb/VRBO/Booking.com): Investors at Myrtle Beach Resort typically list their condos on multiple short-term rental platforms to maximize exposure. In fact, about 50% of Myrtle Beach hosts list on both Airbnb and Vrbo simultaneously (with the remainder split between just Airbnb or just Vrbo). This dual-listing strategy helps reach both audiences – Airbnb tends to cater to a younger and more international crowd, while Vrbo brings in traditional vacationing families. Many owners also utilize Booking.com either directly or via a channel manager, and some join on-site rental programs (Myrtle Beach Resort has an arrangement with a local management company, Beach Vacations, which markets units as well). Each channel has its seasonal strengths: for example, Booking.com might generate more last-minute bookings or off-season weekend stays, whereas Airbnb/VRBO excel for summer week-long rentals booked well in advance.

One trend to note is that Airbnb’s average guest stay length in Myrtle Beach is around 4-5 nights during peak season and shorter on off-peak trips. This means quick turnarounds in summer (weekly Saturday-to-Saturday bookings are common in July, but also many 3-4 night stays happen, especially as some travelers now prefer shorter trips). As an owner, high turnover can increase your cleaning costs but also potentially boost revenue if you can fill weekdays between weekends. In 2023–24, many owners observed guests booking slightly shorter stays than in prior years – e.g., “long weekend” trips instead of full weeks. Pricing strategy has had to adapt (more flexible nightly rates instead of strict weekly packages).

Seasonal Rate Patterns: Hand in hand with occupancy, the rental rates fluctuate dramatically by season. At Myrtle Beach Resort, summer nightly rates command a significant premium. Here’s a snapshot of typical nightly price ranges and occupancy by season for a standard 1-bedroom unit:

• Winter (Jan–Feb): Occupancy ~15-25%. Nightly rates $60–$90 on average (with many owners opting for $900–$1200 per month rentals to snowbirds instead of nightly). Essentially break-even pricing just to cover HOA fees is common in winter.

• Spring (Mar–May): Occupancy rises to ~40-50%. Nightly rates climb to ~$100–$130 by May. March is lower (often ~$80/night) unless coinciding with spring break or events, April improves, and by late May (Memorial Day) the summer rates kick in.

• Summer (June–Aug): Occupancy ~85-95%. Nightly rates peak at $150–$250+ depending on unit size and exact timing. A one-bedroom in July might average ~$150-$180/night (higher on weekends), while a two-bedroom oceanfront in prime weeks can easily go for $250/night or more. Gross rental income in these 3 months often accounts for 50% or more of the unit’s yearly revenue. It’s not uncommon for a 2BR condo to gross $10,000 just in the core summer span June–Aug.

• Fall (Sept–Oct): Occupancy ~30-50%. Nightly rates drop from summer highs but can still be lucrative in early September. Many families with preschool children or retirees take advantage of September’s mild weather and cheaper rates, so you might see $100–$140/night in early fall then tapering to $80–$100 by October. By November, rates are near winter lows again except for Thanksgiving week.

We can illustrate average performance by unit type with approximate numbers (for the year 2023):

Table Notes: These ranges assume a well-maintained, nicely furnished unit at Myrtle Beach Resort, with diligent marketing. Actual results vary by exact view, updates, and owner effort. For example, a direct oceanfront 2BR in Renaissance Tower or Building A can potentially hit the upper end ($30K+ gross) given strong summer demand, whereas an economy 1BR in Five Seasons might be near the lower end ($15K). In 2023, one oceanfront 1BR in Building A grossed about $17,915 in rental revenue (and a similar figure in 2024). Meanwhile, a listing for a Renaissance Tower 2BR advertised a projected $27K–$31K annual rental income for that unit. These examples align with the table ranges above. The key takeaway is that summer weeks at $1,000+/week make the bulk of income, while off-season weeks might only earn a few hundred dollars or sit vacant, pulling down the average.

It’s worth noting that 2023 average daily rates (ADR) in Myrtle Beach dipped slightly from the year prior – one data source shows ADR around $121, down a few percent. This suggests hosts had to moderate prices a bit to keep occupancy, likely due to competition. Going into 2024, expect to price competitively; visitors have many condo options now, so only the top-notch units can command top dollar. Owners who updated their condos in 2023 (new flooring, modern decor, smart TVs, etc.) not only got better reviews but often could charge $10-$20 more per night than similar outdated units.

Another aspect of rental performance is the platform booking fees and taxes. Platforms like Airbnb and Vrbo now collect South Carolina accommodations taxes (a combined ~12-13% for state and local) on top of the rent from guests, so those don’t come out of the owner’s cut. However, owners pay platform fees (~3% on Airbnb for hosts, and Vrbo’s subscription or fee structure). If using a property manager, their commission (often 20-30% of gross) will be the largest expense cutting into these gross income figures – more on expenses and net returns in the next section.

Expenses, HOA Fees and Net Operating Income

HOA Fees and Inclusions: All Myrtle Beach Resort condo owners pay monthly Homeowners Association (HOA) fees, which are critical to factor into any investment analysis. The HOA fees vary by building and unit size, but as discussed earlier, they generally range from roughly $600 per month on the low end for a small off-ocean unit up to about $1,100+ per month for the largest oceanfront units. For example, a 2BR oceanfront condo (~996 sq ft) in Building A was recently noted with an HOA fee of $1,103/month, whereas a smaller 1BR in the Renaissance Tower might be around $700-$800/month. These fees are substantial, but they cover most of the operating costs of the property. According to the HOA, the monthly dues include services such as: building insurance (master policy covering exterior and structure), water and sewer, trash pickup, cable TV, high-speed internet, pest control, upkeep of all common areas and amenities (pools, elevators, landscaping, etc.), and 24/7 security. Essentially, the HOA fee bundles many expenses that single-family or non-resort landlords would pay separately. Notably, electricity for the individual unit is not included (owners have their own electric meter), so that is a separate bill. But bulk cable/internet being included is a cost saver, and the HOA-provided insurance means owners only need a contents/liability policy (HO-6 type), which is relatively inexpensive.

Each of the four sections of Myrtle Beach Resort has its own “regime” under the master HOA, which is why fees differ. The oceanfront buildings (A, B, and Tower) have similar fee structures, while Five Seasons might allocate costs slightly differently for its separate pools and wood-frame maintenance, etc. Importantly, all owners also contribute to the Master HOA that maintains the resort-wide amenities and security. Those costs are typically built into the fees quoted (for instance, the $1,103/mo for Building A includes both the Building A regime and the master association portion). As an investor, it’s wise to verify the HOA breakdown for the specific unit – some listings will show something like “HOA fee $387 and Master HOA $299” (total $686, for example) if broken out. But in summary, plan on a mid hundreds per month HOA for studios/1BRs and close to four figures for 2BRs. These HOA fees are usually the single largest expense item impacting your cash flow.

Other Operating Costs: In addition to HOA dues, an investor should budget for the following recurring expenses:

• Property Taxes: Condo owners in Myrtle Beach pay property tax to Horry County. Non-owner-occupied second homes are assessed at 6% of market value (as opposed to 4% for primary residents). In practice, the annual tax bill usually comes out to roughly 1%–1.5% of the condo’s value. For example, the tax record for a ~$135,000 condo might be around $2,000 per year. In the earlier Homes.com listing, a 2BR had estimated annual taxes of $2,943 on presumably a high-$100s valuation. Investors can contact Horry County or look up MLS info to get the exact tax history, but it’s safe to budget around $100 per month per $100k of value as a ballpark for taxes.

• Insurance: As noted, the HOA covers the building insurance (exterior and hazard). The owner needs an HO-6 condo insurance policy for interior contents, liability, and “walls-in” coverage. These policies are not very expensive – typically around $400–$600 per year for a condo of this size, depending on coverage. You may also want an umbrella liability policy if renting to cover any major incidents. Additionally, some owners purchase home warranty plans or set aside a reserve for appliance/HVAC replacement – while optional, these units are ~40 years old so things like A/C units can fail and may not be covered by HOA beyond exterior components.

• Utilities (Electric): The owner pays the unit’s electric bill. Costs vary with usage; when occupied by renters running A/C in summer, electric can spike, whereas in vacant weeks it’s negligible. A small efficiency might average $40-50/month annually, a larger 2BR maybe $70-100/month. So perhaps ~$600–$800/year in electric utility costs. Many owners incorporate energy-saving measures (smart thermostats, LED lighting) to manage this.

• Property Management / Cleaning Fees: If you self-manage via Airbnb/VRBO, you won’t pay a traditional management fee, but you’ll likely hire cleaners for each turnover and pay platform service fees. Cleanings in Myrtle Beach for a 1BR/2BR condo typically run around $100 – $150 per stay (this can usually be charged to the guest as a cleaning fee). So the cleaning cost is passed through, but you might need to pay for the clean upfront and then recoup from the guest fee – important for cash flow. If using a full-service rental management company, expect to pay a commission of 20% to 30% of gross rental revenue. The on-site program (through Beach Vacations or similar) often is around 30% but takes care of everything (marketing, guest services, cleans, maintenance). Some off-site agencies charge ~20-25%. For our net projections below, we’ll consider both scenarios.

• Maintenance and Supplies: Routine maintenance (light bulbs, minor repairs) and stocking (toiletries, etc.) are another cost. In a given year, an owner might spend a few hundred on small repairs and replacements. It’s prudent to set aside maybe 5% of gross income for maintenance/CapEx reserves. Some years you won’t use it all; other years you might need a new fridge or a flooring refresh. Particularly in an older resort like this, things like sliding balcony doors, plumbing fixtures, etc., eventually need updates. A wise investor plans for occasional special assessments too – e.g., if the HOA must do a roof replacement or major renovation, they might levy owners a one-time fee. While none are publicly known for MB Resort in 2023, older condos always have that risk (some owners recall other condos with surprise $5K+ special assessments for structural work). Keeping an emergency fund for your condo is good practice.

To put it all together, let’s estimate a net operating income (NOI) for a sample one-bedroom rental:

• Gross Income: ~$18,000 (mid-range scenario for a 1BR ocean view unit).

• HOA Dues: ~$8,000 (e.g. $675/month).

• Property Tax: ~$1,500.

• Insurance (HO-6): ~$500.

• Electric Utility: ~$600.

• Maintenance/Repairs: ~$900 (5% of gross).

• Management: (if self-managed, assume $0 direct management fee; if using agency at 25%, that’d be $4,500).

For a self-managing owner, the above would total around $8,000 + $1,500 + $500 + $600 + $900 = $11,500 expenses (excluding cleaning which is guest-paid). Subtracting from $18,000 gross gives ~$6,500 net operating profit. That would be the return before any mortgage payments, representing about a 6.5% annual return on a $100K condo (cap rate ~6.5%). If instead an owner used a 25% manager, the net would drop to roughly $18,000 – $4,500 – $11,500 = $2,000 (just 2% net yield, barely breaking even cash-wise). Most investors therefore choose to self-manage or only pay for cleaning and occasional local help, in order to keep a decent ROI.

For a two-bedroom unit with $30,000 gross, expenses would be higher HOA ($10-12K/year), taxes (~$2K+), etc., but net might come out in the $12–15K range after self-management expenses, which on a $150K purchase is a solid 8-10% cap rate. Indeed, many Myrtle Beach Resort investors see net yields in the high single digits when self-managing – which is excellent compared to many coastal markets – whereas those using full service management often end up around break-even to 5% net yield but with far less hassle. Choosing the right management strategy is crucial: first-time investors might start with a management company to learn the ropes, but the real cash flow is unlocked by managing bookings personally (or hiring a co-host at a smaller fee).

HOA Rules and Their Impact: The HOA has several rules that investors must adhere to, especially regarding rentals. Two key rules are: (1) At least one guest in any rental party must be 23 years of age or older (this is to discourage unsupervised college party groups; Myrtle Beach generally has this policy in many resorts). And (2) There is a recommended occupancy limit – no more than 6 guests in a unit at any time for a standard condo, even if it technically sleeps more, to prevent excessive wear and tear. Owners are responsible for ensuring their renters follow HOA regulations (noise, pool rules, etc.). Fortunately, the resort’s 24/7 security helps enforce rules on-site, but infractions by your guests could result in fines to you as the owner.

Another factor starting 2024–2025: the resort implemented a gate access fee for rental guests. Beginning in 2025, rental guests pay $5 per vehicle per day upon entry (or $50/month for long stays). Owners must disclose this to renters in advance. While a $5 daily parking fee is relatively small, it’s something new – it effectively passes a bit of cost to renters (common in resorts now) and can help HOA income. Investors should view it positively as it’s not a deterrent to renters (many resorts charge parking fees), but it does mean when responding to inquiries you need to clarify “parking pass $5/day not included” so guests aren’t surprised.

In terms of rentals, Myrtle Beach Resort allows owners to rent their units freely (there are no limits on rental days or requirement to use on-site management). You can self-manage on Airbnb, hire any off-site manager, or join the on-site rental program. This flexibility adds value (some condos have onerous rental restrictions, but not here). The only caveat is “no outside rentals” in the sense that guests must be registered and get a gate code – but owners provide that via a digital app for guest entry, so it’s straightforward. The HOA’s focus is on security and maintaining a family-friendly environment; as long as your guests follow rules (e.g. no motorcycles or trailers are allowed on property – common rule in MB resorts – so inform your biker guests they can’t bring their trailer inside), everything runs smoothly.

Bottom Line on Costs: Myrtle Beach Resort condos do carry high monthly HOA fees, which can initially scare off investors accustomed to low HOA properties. However, one must weigh that these fees cover nearly all operating costs and premium amenities that drive the rental income. When evaluating ROI, factor in all these expenses to calculate a realistic net figure. In the next section, we’ll translate these numbers into ROI projections and discuss financing strategies that can improve (or affect) your returns.

ROI Projections and Cap Rates

For an investor, the ultimate question is: What return can I get on a Myrtle Beach Resort condo, and is it a good investment for me? Let’s consider a couple of scenarios using the figures we’ve gathered, and also discuss cap rates and how leveraging (mortgages) or cash purchases play in.

Cap Rate Estimates: The capitalization rate (annual net income divided by purchase price) is a common measure of investment performance. Based on 2023–2024 data:

• A One-Bedroom unit (~$100k): Gross ~$18k, Net (self-managed) ~$6-8k ⇒ Cap Rate ~6-8%. If using rental management, Net might be ~$3-4k ⇒ Cap ~3-4%.

• A Two-Bedroom unit (~$150k): Gross ~$27-30k, Net (self-managed) ~$12-15k ⇒ Cap Rate ~8-10%. With full management, Net maybe ~$6-8k ⇒ Cap ~4-5%.

• A Studio/Efficiency (~$80k): Gross ~$15k, Net (self-managed) ~$5-6k ⇒ Cap ~6-7% (less if managed).

• An Off-ocean Five Seasons 1BR (~$70k): Gross ~$12-15k, Net ~$3-5k after HOA ⇒ Cap ~5-7% (these can be lower because the HOA is nearly as high as oceanfront but income is lower).

From the above, you can see a pattern: self management roughly doubles the cap rate. Many seasoned investors aim for properties where they can get at least a 7-8% cap with their own effort, which Myrtle Beach Resort can deliver, especially for 2BR units. As a comparison, oceanfront condos in more upscale resorts might only net 3-5% even self-managed due to higher costs, so this resort’s relatively modest pricing gives it an edge in yield. A local real estate site indeed touts that Myrtle Beach Resort units provide “bargain vacation condos with all the amenities of luxury resorts” – meaning you get a lot of rental bang for your buck purchase price.

Cash-on-Cash and Financing: If you take a mortgage to buy, the dynamic changes to cash-on-cash return. Financing a condotel-type property can require a larger down payment (often 25% – 30% down) and interest rates ~1% higher than primary home mortgages. Suppose you bought a $120,000 condo with 30% down ($36k) and a $84k loan at ~7% interest. Your annual debt service might be around $6,700. Using the 1BR example net of ~$6,500, you’d basically break even on cash flow after paying the mortgage interest+principal. In that case your “return” is the forced savings of paying down the loan plus any appreciation. Some investors are fine with break-even cash flow if they’re building equity – essentially having guests pay off the mortgage over time while they enjoy some personal use of the condo.

However, one should be cautious: cash flow can be negative in off-season if occupancy or rates dip, so ensure you have reserves to cover mortgage and HOA in winter if using leverage. Many local investors actually buy these units cash or with high down-payments, aiming to pocket the full net income as returns. For example, if you bought that 2BR for $150k cash and net $12k, that’s an 8% cash return plus any appreciation (and you avoid the risk of needing to feed the mortgage during slow months). With interest rates currently higher, the case for all-cash purchases in this price range is strong if one’s goal is income.

Appreciation Outlook: Historically, the appreciation on older resort condos in Myrtle Beach has been modest. Some owners from decades past did not see huge gains until the recent pandemic-influenced boom which lifted all property values. Given Myrtle Beach Resort units are older and plentiful, do not count on rapid appreciation; values will likely rise gradually in line with the market, but the investment thesis should be income-driven, not a quick flip. On the plus side, the resort underwent updates and amenity improvements over the years (lazy river addition, etc.), keeping it relevant. If the HOA continues to maintain and upgrade the property, values should remain stable or grow slowly. Buying at a good price (there are occasionally foreclosures or motivated sales in the $60-70k range for small units) can also provide a bit of equity upside. Overall, view any appreciation as a bonus – the primary ROI is the rental cash flow and the lifestyle benefit (having a beach place).

Tax Benefits: Remember that as an investment property you can depreciate the condo on your taxes (the building portion of the purchase, not the land). This can shelter some of your rental income from taxes, boosting after-tax returns. Often investors with positive cash flow can still show a tax loss due to depreciation, which can offset other passive income. Consult a CPA for specifics, but it’s a perk of owning real estate. Additionally, South Carolina’s property tax on second homes, while higher rate than primary, is still fairly reasonable in dollar terms due to the low condo values (paying ~$2k on a $150k condo is much cheaper than many states).

Exit Strategy / Flexibility: It’s worth mentioning that an investment like this has multiple exit options. If down the road short-term rentals became less viable (say regulations changed or market oversaturated), you could convert the condo to a long-term rental (annual lease) or a seasonal snowbird rental. The cash flow would be lower (long-term unfurnished 1BR might rent for $900-$1,000/month in Myrtle Beach), but it provides a floor to the investment’s income. Also, because the resort is a desirable location, you should always have a pool of buyer demand – either from other investors or someone looking for an inexpensive vacation home. The relatively low price point makes these units fairly liquid (there’s always buyers looking for entry-level beach condos). So your ROI in the long run will be a combination of the yearly net income plus whatever equity you recoup at sale, possibly tax-deferred via a 1031 exchange if you choose (more on that next).

In conclusion on ROI: Myrtle Beach Resort condos can yield mid-to-high single digit returns for active investors, which is quite attractive. First-time investors should run conservative numbers (assume maybe 50% occupancy, account for all costs) and see that even in a conservative case the property pays for itself and then some. More experienced investors who optimize their listings, perhaps even adding value through renovations to raise the nightly rate, can push into double-digit % returns on cost – for example, an updated decor can allow you to charge a premium, raising that $18k gross to $22k, which mostly falls to the bottom line as profit. This is the kind of asset where the more effort you put in (either via self-management or improvements), the higher your ROI can be. It rewards involvement.

Strategies: 1031 Exchanges and Retirement Account Investing

Investors often look at Myrtle Beach Resort condos as part of a larger portfolio strategy. Two common approaches are using 1031 tax-deferred exchanges to acquire these units and using self-directed retirement accounts to hold them as investments.

1031 Exchange: Section 1031 of the IRS code allows you to swap one investment property for another of “like kind” without paying capital gains tax in between. This is a powerful tool for real estate investors to build wealth over time. Myrtle Beach Resort condos qualify as like-kind investment property (so long as you rent it out and don’t use it purely as a second home). In fact, vacation rental condos are explicitly cited as ideal candidates for 1031 exchanges. If you have, say, a rental property elsewhere that you want to sell, you could exchange into one or multiple Myrtle Beach Resort units, deferring any taxes on your sale gains. This could be attractive if you want to diversify markets or take advantage of the relatively high cap rates here.

For example, suppose an investor sells a duplex up north and has $150k of gain – they could 1031 exchange and purchase two $75k condos in Five Seasons, or one nicer $150k condo oceanfront, and pay zero taxes on the sale. The rental income from the new property then begins tax-deferred as well (subject to normal income taxes, but the capital gain stays deferred). The key rules to remember: you must identify replacement properties within 45 days of selling the old property and close within 180 days, among other requirements. It’s crucial to use a qualified intermediary to handle the exchange funds. If executed properly, a 1031 exchange lets you reallocate your real estate portfolio into Myrtle Beach Resort seamlessly and tax-efficiently, as a number of buyers have done in recent years. (Later, you could 1031 out of it as well, or eventually cash out and pay tax at a hopefully lower rate or leave it to heirs with a stepped-up basis, etc. – all the usual 1031 benefits apply.)

One consideration for 1031 and vacation condos: to be safest, limit your personal use of the condo in the first two years after an exchange. The IRS safe harbor suggests personal use not more than 14 days a year or 10% of the time rented, to ensure it’s considered “held for investment.” Myrtle Beach Resort is primarily a rental resort so that is usually met easily; just don’t treat it as your second home initially if you did a 1031 (or if you do want to use it a lot, consult a CPA to structure it properly or after some time has passed). But overall, using a 1031 can significantly boost your effective ROI by saving tens of thousands in taxes, allowing you to put more money to work earning rental income.

Using 401(k)/IRA Funds: Some investors explore purchasing condos like this through a self-directed IRA or Solo 401(k). It is legally possible to use retirement funds to invest in real estate, including short-term rentals, with big tax advantages (rent income grows tax-deferred or tax-free in a Roth). However, there are critical rules: the IRS forbids personal use of a property owned by your retirement account. That means you (or your family) cannot vacation in the condo at all if your IRA owns it – it must be purely for investment. Additionally, all expenses must be paid from the IRA and all income goes back into the IRA, never mixing with personal funds. If you violate these self-dealing rules (even staying one night in your IRA-owned condo), you can disqualify the IRA.

For those who don’t need personal use and have significant retirement savings, it’s an intriguing strategy: for example, you could use a self-directed Roth IRA to buy a condo, then all rental income and eventual sale profits would be tax-free in retirement. The condo acts as an income-producing asset in your portfolio. Many companies specialize in self-directed IRA real estate investing – you’d typically form an IRA LLC (sometimes called a “checkbook IRA”) and have the IRA own the LLC that owns the condo, for ease of paying bills, etc. Another route is using a Solo 401(k) if you’re self-employed, which can directly hold real estate. Keep in mind if financing is involved, an IRA has to get a non-recourse loan (no personal guarantees), which can be tricky and brings in taxable leverage (UBIT rules). Thus, most IRA real estate deals are bought in cash by the IRA.

In simpler terms, yes, you can use retirement funds to buy a Myrtle Beach Resort condo, but you must do it properly and sacrifice personal enjoyment of the property. If your goal was partially to have a family vacation spot, this strategy won’t allow that. If it’s purely an investment play and you like the idea of sheltering income inside an IRA/401k, it could be a smart move. Always consult financial/tax advisors knowledgeable in self-directed IRAs before pursuing this path – it’s a niche strategy best for seasoned investors.

Using 401k Loans or SDIRA LLCs: Another related tactic is a 401(k) loan – if you have a 401k with a current employer that allows loans, you could borrow e.g. $50k from it, use that as down payment, and pay yourself back with interest (essentially paying interest to your own account). This can provide funds to invest without tapping taxable savings. It doesn’t carry the strict rules of an SDIRA property because the property is personally owned with a personal loan from yourself. Just be cautious to repay on schedule to avoid penalties.

In summary, investors have creative financing and tax tools at their disposal: The 1031 exchange is great for scaling up or repositioning into these high-yield condos without a tax hit, and self-directed retirement investing can turn a condo into a retirement income generator if structured correctly. These strategies can enhance the after-tax returns and long-term wealth building from an investment at Myrtle Beach Resort.

Comparing Myrtle Beach Resort to Other Oceanfront Condo Investments

How does Myrtle Beach Resort stack up against other oceanfront condo resorts in the area from an investor’s perspective? Let’s look at a few points of comparison – considering price, HOA, amenities, and rental performance – between MB Resort and some similar properties:

• Vs. Budget Oceanfront Resorts (e.g. Sea Mist Resort): Sea Mist is another large, older oceanfront resort in Myrtle Beach known for rock-bottom prices and very high rental volumes. In fact, Sea Mist’s units are among the cheapest vacation condos and are “extremely popular with vacationers,” often cited as one of the best rental income properties around in terms of sheer occupancy. Sea Mist employs a strategy of low nightly rates but high quantity of rentals, especially in summer – many units there rent almost every night in June-Aug because they undercut others on price. The Myrtle Beach Resort can also capture high summer occupancy, but its rates are a bit higher as the accommodations are condos with kitchens and the environment is more controlled (Sea Mist is more hotel-style and even allows pets, attracting different crowds). HOA fees at Sea Mist are also high relative to price, and the resort, while amenity-rich (even a large water park), has had mixed reviews on upkeep. Myrtle Beach Resort tends to offer a more stable family atmosphere (gated entry, no pets for renters, etc.) which can attract a slightly more upscale clientele than the ultra-budget Sea Mist crowd. For an investor choosing between the two: MB Resort’s condos cost a bit more (Sea Mist efficiencies have been as low as $50-60k), but you get a gated 33-acre community and arguably better long-term property condition. Rental incomes might actually be comparable – Sea Mist could gross a lot in summer but also likely has lower off-season due to its central location (MB city proper can be desolate in winter, whereas MB Resort near Surfside might get snowbirds). Both can be good, but MB Resort strikes a balance of affordability vs. amenities that’s hard to beat. It’s telling that MB Resort’s slogan is “the resort that has it all,” indicating it tries to combine the features of many other places in one.

• Vs. Mid-tier Oceanfront Condos (e.g. The Palace Resort, Bluewater Resort): These are also 1980s oceanfront condo buildings in Myrtle Beach. The Palace Resort (on S. Ocean Blvd) for instance has 1-2BR units around $120k-$180k, similar HOAs in the $600-$800s, and amenities like pools and a restaurant. One of its listings boasted “lucrative spring and summer rental income”, which is similar language to MB Resort listings. Bluewater Resort is another older complex with multiple pools and a mix of units. Generally, what sets Myrtle Beach Resort apart is its size and land – most other resorts are a single building or two on a relatively small oceanfront parcel. MB Resort’s 33-acre campus means guests have more variety (multiple pools, multiple buildings to explore, a true resort feel rather than just a high-rise). This can encourage longer stays and repeat bookings. That said, a place like The Palace or Bluewater being directly in Myrtle Beach city might command slightly higher ADR for being closer to downtown attractions. Their occupancy might be a tad lower due to less on-site stuff to do (guests leave more). From an investment view, MB Resort’s numbers (cap rates, etc.) are very much on par or even better than these mid-tier condos, thanks to the lower purchase price for similar rent potential. It really shines if you compare HOAs: many Myrtle Beach oceanfront condos have HOA $800+ and fewer amenities, whereas MB Resort gives lazy river, etc., for similar fees.

• Vs. High-end Family Resorts (e.g. Dunes Village, Caribbean Resort): Dunes Village Resort (north end of MB) and The Caribbean Resort are examples of newer (2006+ built) condo-hotels with extensive indoor water parks and amenities. They attract a similar family demographic as Myrtle Beach Resort. However, units in those resorts are far more expensive – a 1BR in Dunes Village might be $250k, and 3-4BR condos can be $500k+. Their HOAs are also high (often $1000+/mo) and management is usually on-site mandatory in those condo-tels. In return, their rental rates are higher – Dunes Village can rent a 1BR for $250/night in summer easily due to the big waterpark and newer facilities. But when you calculate cap rate, owners often net only 3-5% because of the high price and required management split. Myrtle Beach Resort is a value play compared to those: you won’t get $400 a night for a condo here, but you also didn’t pay half a million to buy it. The cap rate can actually be better on the older cheaper unit! For an investor not hung up on having the newest building, MB Resort delivers a similar target market (family fun) at a fraction of the cost. Of course, the higher-end resorts might have slightly better guest ratings and luxury appeal, but from a pure investment stance, Myrtle Beach Resort often produces equal or greater ROI due to its low entry price. It’s like comparing a solid “B+” property to an “A+” property – the A+ rents for more, but you paid dearly for it.

• Vs. North Myrtle Beach Resorts (e.g. Ocean Creek, Beach Cove): Ocean Creek (in North Myrtle by Barefoot) is another 57-acre resort with villas and towers – more upscale, with nature trails and a creek, and prices higher than MB Resort. Beach Cove is a high-rise complex in Windy Hill with multiple pools. These northern properties sometimes yield slightly less occupancy in winter (further from Myrtle Beach city, fewer snowbirds) but attract summer crowds similarly. They also tend to cost more (Ocean Creek 2BRs ~$250k). Myrtle Beach Resort’s advantage here is its location just south of the city – it’s close to Myrtle Beach attractions (5 miles to the airport and Market Common), but also not as far as NMB. So you tap into both Myrtle and Surfside/Murrells Inlet draws. Investors comparing areas should know that South Myrtle (where MB Resort is) often has a bit lower purchase prices than North Myrtle for similar rental potential, which can mean better cap rates.

• Unique Competition – Ocean Lakes Campground: Immediately adjacent to Myrtle Beach Resort is Ocean Lakes, one of the largest oceanfront campgrounds in the country (you can see it in aerial photos next door). While not a condo resort, Ocean Lakes rents beach houses and park model homes like crazy in summer. It’s actually a complementary neighbor – some families might split their group between a condo and a campsite, etc. It does mean the area is very bustling in summer. But MB Resort offers an experience Ocean Lakes doesn’t – condo living with high-rise views and resort pools (versus a campground). So they target slightly different audiences, though price-wise a rental house in Ocean Lakes might cost similar per night to a 2BR at MB Resort. An investor could even see the proximity as a bonus – overflow demand from Ocean Lakes (which often sells out summer) might benefit MB Resort occupancy.

In summary, Myrtle Beach Resort holds its own against the competition by offering a comprehensive package of amenities and relatively low cost of ownership. Guest reviews often highlight that “you don’t really need to leave the resort, everything you need is on-site” – this all-in-one appeal is something even some newer resorts envy. The trade-off is that the buildings are older and units vary widely in condition, requiring owners to actively manage quality. But for an investor willing to put in some modernization and care, MB Resort can outperform many similar-aged properties in ROI. On the other hand, if you desired a more upscale property (marble lobbies, modern architecture), you’d pay much more and possibly not see proportionally higher returns. So it comes down to investment style: MB Resort is a workhorse, not a trophy, and often that’s exactly what an income investor wants.

Guest Reviews and Trends (Airbnb/VRBO/Booking)

The guest experience at Myrtle Beach Resort is generally very positive when expectations are properly set. Analyzing reviews across platforms reveals some consistent trends – useful for investors to understand how to keep rentals attractive.

Overall Sentiment: Guests love the amenities and convenience of the resort. Many reviews mention the variety of pools, the lazy river, and the easy beach access as major pluses. Families in particular rave about keeping kids entertained on-site. A common theme: “you get a lot for the price.” Even older Tripadvisor reviews refer to it as a great family destination (with occasional quips about buildings being a bit dated).

Unit Variability: Because condos are individually owned and decorated, the quality can vary dramatically. This is reflected in reviews – a guest who rents a newly remodeled unit might give 5 stars and praise how clean and modern it was, while another who unfortunately booked a unit with old carpet and worn furniture might give a low score. On Booking.com, where many units are managed by an agency, you see a mix of reviews averaging around 6 to 8 out of 10. For instance, one Booking.com listing “Myrtle Beach Resort by Beach Vacations” has a 6.5/10 rating (71 reviews) – “Pleasant” overall. Some specific Booking.com reviews for an older unit in B Building complained of mold and maintenance issues, saying “Never again” and “Excessive Mold!!!” in the unit. The guest reported mold in bathrooms and even a broken bed, which obviously led to a scathing 1/10 review. Conversely, other reviews on that same page praised the location and amenities, even if the unit wasn’t perfect. This highlights a crucial point: the resort amenities can’t fully overcome a badly maintained condo in the eyes of guests. As an investor, you must keep your unit in good repair and respond quickly to any issues (water leaks, AC problems, etc.). Those who do are rewarded with better guest feedback.

On Airbnb and VRBO, the ratings tend to be higher on average (because owners of nicer units typically use these platforms). It’s common to see Airbnb listings for Myrtle Beach Resort condos with 4.7 or 4.8 stars (out of 5). Guests often comment “exactly as described, we loved the pools and the condo was clean and had everything we needed.” Many appreciate the value – they know it’s not the Ritz, but for the price point, they are satisfied or delighted. Frequent positive remarks include: the security and gated aspect (guests feel safe letting teens roam the resort), the convenience of having a full kitchen to cook some meals, and the resort’s location being a short drive to attractions like Myrtle Beach State Park or the Murrells Inlet MarshWalk.

Common Complaints: Aside from unit-specific cleanliness or maintenance issues (which are 100% under owner control), the typical minor complaints are:

• The buildings are older, so some things like elevators can be slow or hot.

• During peak season, the resort is busy – pools can get crowded, and parking spots near your building may fill up (especially if arriving late at night). The new parking fee system in 2025 is likely a response to better manage the volume of cars.

• Some guests don’t like that the Five Seasons is a walk to the beach (if they unknowingly booked a Five Seasons unit thinking it was oceanfront). This is why accurate listing representation is important – always clarify which building and distance to beach.

• There is a $15/person fee for lost amenity armbands (the resort issues wristbands for guests to use pools), which a few guests grumble about if they misplace them. It’s minor but worth informing guests at check-in to keep track of their bands to avoid charges.

• A few reviews mention noise: being a family resort, noise usually quiets down after 10-11pm, but occasionally a loud group or a barking dog (owners can have pets, renters cannot, but sometimes there’s confusion) might disrupt. Again, security will handle issues if reported.

Positive Trends: On the plus side, many recent guests comment that the resort is improving – for example, new lounge chairs at the pool, refreshed landscaping, etc. The HOA appears active in keeping the place up. The lazy river addition some years back was a hit and still garners excitement in reviews. Also, several reviews from 2023 note that they liked the on-site food options (the Quarterdeck Beach Bar & Grill at the oceanfront and the snack shop), which adds to guest satisfaction.

Investor Takeaways from Reviews: To maintain strong rental performance, focus on the controllables:

• Keep the condo updated and very clean. A mold complaint like the one on Booking.com is a nightmare scenario – not only will you get refunds and bad reviews, but it can violate health standards. Regular deep cleaning and promptly fixing any water intrusion (humidity is high at the beach) is mandatory. Consider a dehumidifier in the unit to help prevent mildew in summer.

• Aim for 5-star reviews by exceeding expectations: Little touches like providing beach toys, extra blankets, a welcome basket, or a detailed guidebook of local tips can impress guests. These often lead to positive comments on Airbnb/VRBO.

• Monitor your online reputation: Respond to reviews politely, thank guests, and address any negatives. Future travelers will see how responsive you are. If something goes wrong during a stay (it happens – e.g. AC breaks), act fast to make it right, and often guests will still leave a decent review noting that the host fixed the issue.

• Leverage the resort’s strengths in your marketing: Many guests choose MB Resort because of word-of-mouth or reviews saying it’s great for families. Highlight the amenities heavily in your listing (lazy river, multiple pools, etc.). Also emphasize any new upgrades in your unit (“Newly remodeled in 2023 with all new appliances!”) – this attracts bookings and sets their expectation that the condo itself will be modern amid an older resort.

• Be transparent in listings: Mention the age of the buildings in a tactful way (e.g. “Please note the resort is a beloved older property – our condo is well-maintained and updated, but the building itself is not brand new. If you need pristine new construction, this may not be for you. If you want a clean, comfy condo with fantastic amenities and beach access, you’ll love it!”). Honesty helps ensure the right guests book and are happy.

Finally, consider encouraging guests to book return trips directly (if you plan to build a direct booking clientele). Many families return to Myrtle Beach Resort every year. If you capture their loyalty with a great experience, you can get repeat bookings without platform fees. Some owners leave a guest book or flyer in the condo with their contact for future bookings at a discount, etc. Building a base of repeat guests improves occupancy and reduces marketing costs.

Actionable Insights for Investors

For First-Time Investors: Myrtle Beach Resort offers an accessible entry into vacation rental investing. With prices starting around the $60s-$100k, it’s one of the few oceanfront resorts where you can buy a place for about the cost of a luxury car. The data from 2023–24 shows that these condos can pay for themselves and generate profit if managed diligently. As a first-timer, consider starting with a one-bedroom unit – these have broad appeal and are easier to manage (fewer guests, lower HOA than 2BR). Ensure you work the numbers conservatively: account for that HOA, taxes, insurance, etc., and aim to self-manage via Airbnb/VRBO to keep more income. Be prepared to put in some effort in guest communication and coordinating cleanings; if you do, you can enjoy a steady stream of rental income and even some personal use of the condo during off-peak times if desired (just remember primary focus is investment, limit personal use in peak season). Also, network with other owners – the resort likely has owner forums or Facebook groups (indeed there is a Facebook group for Myrtle Beach Resort owners/guests) where you can get tips and referrals for cleaners or handymen. Learning from others will flatten the learning curve.

For Seasoned Investors: If you already have STR experience or properties elsewhere, Myrtle Beach Resort can be a great addition to diversify your portfolio. You’ll appreciate the relatively high cap rate potential here compared to many markets. Leverage tools like AirDNA to continuously monitor pricing trends – for example, if occupancy dips, you might adjust rates dynamically. Seasoned investors might even consider buying multiple units in the resort. Some synergies if you own two or three condos: you could negotiate with a cleaner for bulk pricing, or handle bookings such that if one unit is booked you can offer another, etc. Having scale can also justify hiring a part-time local assistant. Another strategy is to buy a tired unit at a discount, renovate it, and significantly boost its rental performance (forced appreciation on income). We saw evidence that renovated units command higher ADR and occupancy, so an investor with renovation expertise can add value.

Additionally, as a seasoned investor, you might utilize advanced strategies we discussed: a 1031 exchange to acquire here could improve your cash flow if you’re coming from a lower-yield property. Or employing a Self-Directed Solo 401k could turn this into a long-term retirement income stream (just heed the no-use rule). You might also explore cost segregation on the condo to accelerate depreciation if you qualify as a Real Estate Professional for tax purposes – even a $100k condo has components (appliances, etc.) that can be depreciated faster, potentially creating extra tax deferral.

Market Outlook and Exit Planning: Keep an eye on the local tourism trends. Myrtle Beach tourism dipped slightly in 2024 after two record years, but the long-term outlook is stable – it’s a drive-to beach for millions of Americans and retirees continue to winter here. The city has lenient STR regulations currently (no strict crackdown on Airbnb noted), which is a positive for investor certainty. Nevertheless, always stay informed: any change in HOA policy (e.g. if they ever restricted rentals or added fees) or city ordinances would impact strategy. Right now, things are favorable.

When the time comes to sell or move equity, Myrtle Beach Resort’s wide price range means you could sell to another investor or even a vacation home seeker. If you significantly improved your unit and built great financials, be sure to market it as a turnkey rental with documented income – this can fetch a higher resale price. Many buyers will pay a premium if you can show, for example, the condo made $20k gross last year with proof from booking statements. You basically sell it as a business opportunity, not just a empty condo.

Conclusion: Myrtle Beach Resort’s combination of affordable purchase price, strong rental demand, and full amenities make it a compelling investment for both new and experienced real estate investors. The years 2023–2024 demonstrated that while the STR market has normalized from the peak, these condos can still deliver solid returns. By choosing the right unit (consider view, condition, HOA level), implementing effective rental management, and leveraging tax strategies, an investor can achieve a healthy ROI and potentially double it by smart self-management. As always, perform due diligence – examine HOA financials (ensure no looming large projects without funds), get an inspection (salty air can corrode HVAC units, etc.), and perhaps talk to current owners about their experiences.

For those looking to deploy funds from a sale or retirement account, this resort provides a flexible vehicle – you can defer taxes via 1031, or grow retirement savings with rental income (just no personal vacations if so). Compared to other coastal markets, Myrtle Beach remains one of the few where a middle-class investor can own a piece of a beach resort and see returns that justify the effort. With prudent management and a focus on guest satisfaction, a Myrtle Beach Resort condo can be both a profitable investment and, indirectly, a personal joy (nothing beats visiting your asset in the off-season and enjoying the fruits of your investment!).

In the end, whether you’re eyeing that Renaissance Tower oceanfront studio or a spacious Two-bedroom in Sea Breeze, the key is to run the numbers, understand your strategy, and then dive in. The 2023–2024 data gives confidence that with the right approach, Myrtle Beach Resort condos can perform excellently as short-term rentals. Investors who execute well can look forward to strong income, enjoyable owner stays, and the potential for long-term wealth building on the Grand Strand. Happy investing – and welcome to Myrtle Beach!

Sources: Gross rental income and occupancy data from real 2023 listings; market-wide STR statistics from AirDNA/Airbtics; HOA fee and inclusion details from MLS listings; 1031 exchange insights from Beach Pro Team Realtors; guest feedback from Booking.com reviews and others; comparative resort info from Century 21 investment pages. All data are focused on the 2023–2024 period to ensure relevance.

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.