March 2010

158 Cypress Cove in Garden City

Beach Realty announces a beautiful 4 bedroom 4 bathroom home for sale in Cypress Cove in Garden City! This home is being sold fully furnished and is estimated to provide over 30k a year in rental income. 

Cypress Cove has a shared community pool. There are a total of 6 homes within Cypress Cove. This home is situated on the marsh in Garden City and has beautiful views overlooking the marsh from the double porches off the back of the house. 

Click here to view more pictures of this listings. This home is priced to sell at $439,900. 

There is a limit to the amount of real estate that is available on the coastline. For this reason and many others, now is the perfect time to buy oceanfront vacation rental property in Myrtle Beach. This blog will discuss the recent affordability, low interest rates, and investment potential that makes Myrtle Beach discount oceanfront homes and condos a great purchase.

Prices are Affordable

During the real estate boom, the prices of homes skyrocketed beyond a sustainable level; this was especially so in popular vacation spots around the US. This made it difficult to purchase a vacation rental that could make enough income to cover the expenses of the mortgage, taxes, insurance, and general upkeep. Now that the market has cooled, home and condo…

NEW! Beach Realty has just listed a new construction home in Surfside Beach, SC just a few steps from the ocean. This home is located off 15th Avenue North. 

This 5 bedroom, 5.5 bathroom home will have a private pool, ceramic tile, granite countertops, hardie plank siding, the option to be purchased fully furnished, and much more! This home can be upgraded to meet your needs with your choice of paint, tile, granite, carpet, etc... This home can be rented weekly and is estimated to bring in over 30k a year in rental income, this amount is based on comparable homes in the area. One of these homes has already sold within one week of the listing date! This home is listed for $499,900.

Click here to view more information about this listing. Beach Realty has…

Myrtle Beach January – February 2010 Real Estate Market Update.

We are starting to notice an overwhelming trend when comparing housing sales statistics in many different areas to 2009 figures. When comparing 2009 and 2010 sales of residential homes in the Myrtle Beach, sales are up 25%.

In 2009 there were 132 closed transactions, and in 2010 in January and February there were 164.Taking these numbers into account, sales in 2010 are up close to 25%.

As of March 16, 2010 there are currently 327 pending properties in Myrtle Beach. So what does this mean? Taking the pending homes information into consideration we should see a continual incline in amount of homes that are selling. 

This is providing us with some hope for 2010. Although sales are still…

New Wal-Mart in Garden City Prompts SC Roadway Construction

Roadwork is set to begin on the Garden City Connector to widen a portion of the road near the intersection of Business Highway 17. This roadwork is being completed in conjunction with the new Wal-Mart that is coming to the Garden City, SC area. County representatives’ state that a majority of the roadwork will occur during evening hours with intermittent lane closures from 6:00 PM – 7:00 AM over the next two weeks (this is the proposed length of time).

The County hopes to resume and maintain full lane usage during daylight hours, with both lanes of traffic open for commuters.

Roadwork will also continue on lengthening the existing turning lane on northbound Highway 17 Business at…

Fast Stats – Murrells Inlet, SC Home Sales

There are currently 482 homes listed for sale in Murrells Inlet, SC.

49 homes have sold in the Murrells Inlet area in the months of January and February, 2010.

71 properties are pending sale in the Murrells Inlet area.

Sales activity in Murrells Inlet, SC compared to this time last year (2009)

In January and February of 2009, there were a total of 35 sales. In the first quarter of 2009 there were 56 closed transactions in Murrells Inlet, SC overall. If the market continues on its current track we should end up with approximately 80-90 closed transactions in the first quarter of 2010! That’s an increase of 40%! Increases like this are being noted across the nation; take for instance Sarasota, sales…

Litchfield Beach is a thriving coastal community located approximately 25 miles south of Myrtle Beach and south of Murrells Inlet, SC. Litchfield has become a prime location for golf enthusiasts and offers a variety of world renowned golf courses and amenities. Litchfield residents enjoy resort, residential, and golf course community living. Litchfield is known for its rich natural beauty and for activities including Huntington Beach State Park and Brookgreen Gardens.

Litchfield Beach offers restaurants, golf, shopping, dining, and a variety of indoor and outdoor entertainment. Litchfield is a slower paced community full of rich natural beauty and is a favorite stop for both residents and vacationers along the Grand Strand.

Litchfield offers several…

Rates remain near historic lows, now is a great time to buy!

With the current homes prices in Myrtle Beach, and the all time low interest rates it continues to be a great time to purchase property. 

If you are looking for a second home, investment property, oceanfront home, or vacant lot, we are always here to answer your questions. 

Below are the current rates emailed to me from Trippett Boineau from BB&T Mortgage Services. If you have questions about buying or refinancing, they are available via email to answer your questions. 

March 11, 2012

Conventional Conforming Fixes Rates - Loans to $417,000 - Purchase Only

30 Year Fixed - 4.875   20 Year Fixed - 4.75 15 Year Fixed - 4.25

30 Year Fixed 4.625 +1/0  20 Year Fixed - 4.50 + 1/0  15 Year…

Murrells Inlet Gated Neighborhoods

Murrells Inlet offers several gated communities with available homes from many different price points. Murrells Inlet is located just 15 minutes south of Myrtle Beach and has many naturally occurring amenities.

Murrells Inlet has two public boat landings that are only a few miles apart. One boat landing is on a Murrells Inlet tidal creek that connects to the Atlantic Ocean, and the other is on the Waccamaw River. If you enjoy saltwater or fresh water boating or fishing, each boat landing is only minutes from each Murrells Inlet neighborhood.

Murrells Inlet has seen an abundance of growth over the last 10 years in both residential and commercial development. A new hospital has been constructed, two grocery stores,…

What has sold oceanfront and second row in Garden City and Surfside Beach?

In 2010 there have been 5 homes that have sold with an ocean view or second row. $577,000 was the lowest priced home that sold second row in Garden City and Surfside Beach. This home is 6 bedrooms 6 bathrooms and is located in Surfside Beach at 1016 South Ocean Boulevard. The highest priced second row home sold in Garden City Beach for $750,000. This 7 bedroom 6.5 bathroom second row beach home is located at 343 S Waccamaw Drive.

In 2010 there have not been any oceanfront sales in Garden City and Surfside Beach. There are currently 3 oceanfront homes pending in Surfside and Garden City Beach. There are currently 49 oceanfront homes for sale in Surfside Beach and Garden…