Overbuilding. 1 bd; 1 ba; 537 sqft - Condo for sale. UNIT #242 Myrtle Beach in A Place At the Beach IV Shore Drive - View all 24 photos. 2300 N Ocean Blvd. Which condo hotels in North Myrtle Beach are good for families?1105 S Ocean Blvd Unit 832, Myrtle Beach, SC 29577 is for sale. Touch device users, explore by touch or with swipe gestures. It offers in size, 1 beds and 1 baths. 1,045 Sq Ft. Much nicer than our friends place down the road in ocean village. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Seller will provide a generous painting allowance. 2. not a Non-Warrantable Condo loan) will fund up to 70% LTV nationwide, full documentation, 12 months PITI on all properties owned at close required, 680 min fico,. You can contact the owner directly at. TRV69318---. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. The Caravelle Resort: 6900 N. - Condo for sale. Condo For Sale $159,900. 2. Com Listing ID: bey15047---. - Homes for sale presented by the Beach Pro Team: 843. The following are the criteria in which properties would be allowed for condotel financing: The units need to have a full kitchen and a separate bedroom. 4785 - I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. The median list price per square foot in Myrtle Beach is $178, which is higher than the Myrtle Beach-Conway-North Myrtle Beach Metro average of $137. 100 North Beach Blvd #606, North Myrtle Beach, SC 29582. Reasons To Refinance; Pre-Approval; Loan Application Info; Loan Application Process; Get Prequalified; News; Testimonials; Contact . 24 The Sandbar Hotel at 1804 S. Asset Depletion. For monthly updates on current listings and new closed sales, sign up for our Myrtle Beach Downtown Oceanfront Real Estate News, one of the 50 versions of our e-newsletter. . RE/MAX SOUTHERN SHORES NMB. 991 38th ave n, myrtle beach, sc, 29577. Beach Cove Resort offers two and three bedroom oceanfront condos. DSCR calculations as low as zero are eligible for the program. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. info@afbcarolinas. . 129 Cold Stream Cove Loop, Garden City Beach, SC 29576-9146. The condotel must have at least 500 square feet of living area. Posted Dec 5 2022, 13:44. 2000 Highway 17 S. Depart. Condo For Sale $235,000. 2300 N Ocean Blvd. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. Blissful Mortgage Condo loans. not a Non-Warrantable Condo loan) will fund up to 70% LTV nationwide, full documentation, 12 months PITI on all properties owned at close required, 680 min fico,. Source: acmg. R. This document expresses the opinion of Gene Carter, CDPE. Enjoy the. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. 1,501 sqft. Browse photos and listings for the 33 for sale by owner (FSBO) listings in Myrtle Beach SC and get in touch with a seller after filtering down to the perfect home. We offer 3/1 ARM, 5/1 ARM, and 7/1 ARM Condo Hotel Mortgage Loan Programs, amortized over 30 years. 745 sq ft. 00 or as much as $3,360. . IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. When this occurs, we can offer. Myrtle Beach City Manager John Pedersen previously told The Sun News such an exception would be made since many of Myrtle Beach’s hotels are condotels with rooms. . Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all active and. Search the web for: condotels condotels north myrtle beachClick on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all active and pending) and more. A new modern luxury condo hotel is now being offered on the tree-lined shores of serene Lake Austin, with access to a local resort with…. The HOA will have to have hurricane (also known in SC as wind & hail), traditional hazard (fire usually), and flood insurances. Borrowers need a minimum credit score of 599 to qualify. 1,501 sqft. 965 Condos For Sale in Myrtle Beach, SC. NMLS #5645 These programs are available to only qualified borrow1105 S Ocean Blvd. Financing/Investment. Myrtle Mike Thompson. Also, STR properties (rental terms of less than 90 days) must be registered with a $1K initial registration fee, and a $500 annual renewal fee. Embrace the true meaning of a Coastal Living lifestyle with these beautiful New Construction Villas, about 1 Mile to the Beach and move in ready! Visit our Fur. Good value. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. 2318867 MLS. 5 days on Zillow. A condotel is just what it sounds like—a cross between a condominium and a hotel. ABC Mortgage Company is located in Myrtle Beach, serving Horry County, Georgetown County along with the rest of the state of South Carolina. - Homes for sale presented by the Beach Pro Team: 843. #K-3. Unfortunately, your hometown lender is not going to have such a program but the lenders on. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. 29450, Mount Pleasant, Charleston County, SC. Atlantic Beach voters will have big decisions to make at next month’s polls as they opt for a new mayor and flip the council by at least one new member on the panel. The dog-friendly winter rentals are available at reduced off-season rates. No Exp. Refer to and input NMLS #237341 to see where American Financial Network, Inc. Patricia Grand Resort Hotel. The units are individually owned. This is a unique option because rather than selling the loan to Fannie Mae, we fund and service the loan, meaning you will receive your monthly mortgage statement from us, and make payments to us. A 10% downpayment is required and there are no prepayment penalties. Welcome to your own private oasis with stunning ocean views! This one bedroom, one bathroom, condo in the Grande Cayman Resort offers the perfect blend of of comfort, style, and convenience. Stay in touch with us at 843-999-0575 or email. These condo hotels in North Myrtle Beach have great views and are well-liked by travelers: Avista Resort - Traveler rating: 4. Gene Carter, CDPE Myrtle Beach Real Estate Sales 1-800-872-4488 [email protected] condotel is a hybrid between a condominium and a hotel that lets owners enjoy the unit (and the property’s on-site amenities) themselves as well as generate income by offering it as a short-term rental property. com (800) 697-4371. . The most recent sale had a number of twists and turns. Lastly, most out-of-town lenders are not going to have a condotel loan program available in the event that the condo is accurately classified as a condotel. Enjoy an in-room DVD player, a TV, and cable/satellite TV. Maximum 75% LTV. Unit 420, Myrtle Beach — Coral Beach $155,000. Don’t miss out on this rare opportunity to live in the well sought after Birch N Coppice community! This 3-bedroom 2-full bathroom end. Spend your time in the warmer weather enjoying this Beautiful home located in the permanent section of the KOA Campground!At Fidelity Home Group, we are Condotel Financing Florida mortgage experts! The Condotel also known as the Condo Hotel is quickly becoming popular in Florida as an investment opportunity. 18, 2009. Master bedroom has 2 closets. Unit 420, Myrtle Beach — Coral Beach $155,000. Our Myrtle Beach real estate agents can help you find new construction homes, resale real estate, primary residence, second home, 55 plus retirement, Oceanfront, Intracoastal Waterway, Golf Course, bank owned homes, or commercial property. Had some noise complaints the first night but they where delt with. Refer to and input NMLS #237341 to see where American Financial Network, Inc. Financing/Investment. Grand Strand Coastal Realty. Call ☎ (800) 697-4371. North Myrtle Beach, SC 29582. I am looking at Myrtle Beach for my first property. Oceanfront Condo - North Myrtle Beach, SC Home for Sale. Myrtle Beach, SC 29579; Office: 800. 7100 N Ocean Blvd #1202, Myrtle Beach, SC 29572. Myrtle Beach, SC 29579; Office: 800. I know most of them are those condoels which apparently is an old term, but looking for insight. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Print . Long-Term Fixed or ARM Rates. This ground level 2-bedroom condo is located in the popular Seagate Village. 813 2nd Ave N, North Myrtle Beach, SC 29582. As the best rated local lender since 1983, we offer a wide range of financing options tailored to your needs. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. Barefoot Commons Branch. 4 bds. Investor. Ocean Blvd. This efficiency ocean view unit has a spectacular view down The Myrtle Beach coastline with a North Sunrise view. Financing/Investment. 2 bedrooms. Easy to finance. One Ocean Place Bldg. GREY AREA. Reasons To Refinance; Pre-Approval; Unlike hotels, where a corporation owns the whole hotel, in condotels each unit is sold separately similar to a condo. Myrtle Beach, SC 29579; Office: 800. Teressa Carter: Cell 843-455-4787. STR rule updates are here –> Bill 41 (CO 22-7) – Oahu’s New Short-Term Rental Rules 2022. Real Estate Brad Emond July 8, 2020 Brad Emond Real Estate at Keller Williams Realty condotels , condotel , condo , condos ,. Many property owners also use their Myrtle Beach condotel for personal use. So I was wondering what the reasoning was behind such a high interest rate on condos? 10% is super high. Here to help. Bars. Add in the area’s relatively low cost of living, and it’s not surprising to see. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. 9. First Last. With a private balcony, these level 3 condominiums are angle oceanfront units. It was completed in 2000. Is this Your. ALL this beach has to offer!!!!This owner financing home is a townhouse or condo located in MYRTLE BEACH. 3 bds. If you decide to invest in a short-term rental property in a condotel, here are four tips for getting started: 1. The project. You can also use this residence for ready and steady rental income. is a licensed lender. High LTV and Interest-Only Options. 2 bedrooms. Click on the green tabs at the top of this page for Floor Plans (floor plans, site plans, numbering grids), Current Listings (all. $364,900 USD. . Unfortunately, your hometown lender is not going to have such a program but the lenders on our list will. The Grand Strand is known for its famous golf courses and country clubs. I am a realtor who owns bluewater properties and i specialize in myrtle beach ocean front condos. Beautiful, two bedroom two bathroom, direct oceanfront condo near the end of the building on the south side of The Jasmine tower in North Beach Resort. Amenities are plentiful and include three outdoor pools, oceanfront whirlpools, a kiddie pool, and a 350-foot. Myrtle Beach is all at once a spring break destination, golfing destination, retirement community, and family vacation spot. Okay. 1 bathrooms. Sea Mist Eff/1BA oceanview condo. A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk. Real Estate Investors and homebuyers can also subscribe to our newsletter at word condotel is relatively new to the real estate vocabulary, but it is an important term for buyers to understand if they are interested in purchasing a condo in a resort location. LINENS & DEPARTURE MAID SERVICE INCLUDED IN RATES! Winter Rentals in North Myrtle Beach are from October to March. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. rare and we have it! Get a Condotel Loan Nationwide Codotel Loans A Condotel Loan (condo hotel, order condo-tel, Condo Hotel Financing, etc. Enjoy laundry facilities, a patio, and a TV. condotel financing situation is “as good as it gets!” A little-known “secret” is that condotels (condos in developments with check. Most posts I've seen on this topic are old. Petersburg CONDOTEL Financing. Loans made or arranged pursuant to California Financing Law. 2023. Provided Horry County. 36 homes. There are some condos that are money machines, and will constantly be sending you checks month after month, and at the same time, we can assure you there are others that are alligators and will eat you alive. Owner financing available beycome. . Condo for Sale in Myrtle Beach, SC: Beautifully decorated furnished 3 bedroom 2 bath 1st floor end unit with screen porch overlooking the pond & fountain. Units require at least a true 1 bedroom. View Details. 2000 Hwy 17 S. Do You Own Your Home? 2. No appointments necessary. Let’s assume that the cost to purchase a condo is $250,000, in order to break even the hotel would need to charge $250 per night for your condo and rent out at least 60% of the time. A condominium project that is operated as a hotel with a registration desk, cleaning service and more. It’s a 60-mile stretch of pristine sandy beachfront with phenomenal views up and down the coast. Myrtle Beach Oceanfront Condotel STR Case Study. Condotel-Loans Condotel Loan. Contact Information. Many property owners also use their Myrtle Beach condotel for personal use. By Alison Gregor. facebook; linkedin;. NEW - 4 HRS AGO FOR SALE BY OWNER. Financing/Investment. All Waikiki Banyan and Waikiki Sunset condos are legal STRs subject to the terms of Bill 41. These rentals, including the outside marketing of them, are handled directly by the management company. Condo For Sale In Myrtle Beach, South Carolina. com. VA Loans. 3bd. 2009. Myrtle Beach SC. Staybridge Suites Myrtle Beach-West: 303 Fantasy Harbour Blvd. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific investment goals. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. View 24 photos of this 2 bed, 2 bath, 1045 sqft. Until, you find out, usually the week before closing, the underwriter for the lender, says they don’t do condotels, they only finance condos! Seen it happen hundreds of times with inexperienced real estate agents and consumers. 3 Beds. November 30, 2023. Most of the Myrtle Beach oceanfront high rises are condotels. We were considering buying a condo tell in Myrtle Beach till we learned the rental split was 60/40. Currently, the condotel purchase market in South Beach, Panama. Call ☎ (800) 697-4371 info@afbcarolinas. North Myrtle Beach, SC 29582. Myrtle Beach, SC 29572Apache CampgroundResidential. 4525-D Girvan Dr. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront Full 1 bdrm, 2 Queen Beds Plus Murphy ed-Full Kitchen!! Coral Beach Resort is Continually voted BEST RESORT ON THE BEACH!!. This unit features a full kitchen equipped with a full size fridge, rang. APPLY NOW. 2. Myrtle Beach - Click Below For Columbia; Columbia, SC - Click Below for Myrtle Beach; 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN. Condos and Homes for Sale in Myrtle Beach. I own a condotel unit in Myrtle Beach, SC and have found that they are not a source of ‘easy money’ based on rental income. Contact BrickWood Mortgage today at (843) 314-4101. 386 sqft. ) Purchase, R&T and C/O Refinance; Full Documentation Only; 680 FICO Minimum; Fixed 30 & 15; ARM: 3/1, 5/1, 7/1; 80% LTV to $625K max. 1003 S Ocean Blvd. Myrtle Beach and the surrounding areas are a perfect location for a vacation or. 1 bedrooms. We also offer our Condo/Condotel Lender List and Closed Sales Histories. Compare different loan programs, rates, and down payments for your new. Airport (MYR) airport, the closest popular airport to the property. The condotel units can be placed on a rental program with the management who can rent the units out for short or long-term rentals. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. Featured Resorts in Myrtle Beach, SC Bay View Resort. 2 bedroom, Wildwood Crest NJ 08260. Financing Condos in Myrtle Beach Can Be Tricky. *A $250 refundable cash security deposit is required upon check-in for this unit type. . The CondoLux staff is very helpful on the phone and at the office. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID. We consider loan-to-value ratios of up to 65%. For monthly updates on current listings and new closed sales, sign up for our Myrtle Beach Downtown Oceanfront Real Estate News, one of the 50 versions of our e-newsletter. IN the new home financing landscape created in this recession, certain categories of high-rise development are apparently. Nov 3, 2019 - Are looking to purchase a condo in Myrtle Beach, SC not knowing the difference is between a condotel and a condo and why it's important and really mattersIt is also just a short drive away from hundreds of restaurants, shops and other attractions. W. 503. 1 bath. The condo can even be 5 miles from the “check-in desk”. There are some condos that are money machines, and will constantly be sending you checks month after month, and at the same time, we can assure you there are others that are alligators and will eat you alive. [email protected]. This condo comes fully furnished and offers fantastic upgrades throughout. Live like a pampered guest in a Honolulu. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. A condominium project that is operated as a hotel with a registration desk, cleaning service and more. Myrtle Beach was the 2nd biggest golf town in America behind Orlando for years, and we haven't even touched on what Hilton Head means to the SC economy. PRIME DIRECT OCEANFRONT 1 bedroom 1 bathroom furnished unit for sale in Dunes Village Resort. 4785 -Personal Banking. Get a quote Or, call 1-855-347-3939. Click on any of the resorts below for current listings, floor plans, numbering grids, overviews, lists of amenities, and pictures - over 90 oceanfront and resort condo developments in. North Myrtle Beach. Located on the 10th floor in the Palmetto building, this. It sounds like Vegas. PRIME DIRECT OCEANFRONT 1 bedroom 1 bathroom furnished unit for sale in Dunes Village Resort. Unit 839/840, Myrtle Beach $299,900. 426%. 5/5. Indoor Pools. Contact GET THE CASH YOU NEED WITH A REVERSE MORTGAGE! 1. There are 630 real estate listings found in North Myrtle Beach, SC. Asking Prices range from $100,000 to $16,995,000 with an average price of $1,417,970 and an average price per square foot of $1,300. Myrtle Beach in Crystal Lake - View all 2 photos. 5/5. …. 2000 Highway 17 S. 32 days on Zillow. The units are individually owned. com (800) 697-4371. You don’t have to mow the lawn or worry about shoveling snow. Unit 50905, Myrtle Beach — Sea Mist $47,000. 6. Enjoy all the. Condotels are condominium projects, which are individually owned and operated as a hotel. Full pet policy & more. Various Condotel Projects are popping up in Destin, South Beach, Panama City Beach, Palm Beach and Miami. 5 baths. 3 Baths. 12230 World Trade Drive Suite 250 San Diego, CA 92128. condo with a list price of $179000. The Atlantic Beach Town Council will soon take a final vote to rezone land for the $80 million project. . Current condo mortgage rates. View our Myrtle Beach real estate area information to learn about the weather, local school districts, demographic data, and general information about Myrtle Beach, SC. I know most of them are those condoels which apparently is an old term, but looking for insight. The average sq ft home size of South Carolina Beachfront Condos & Villas For Sale Myrtle Beach SC is 956 square feet. I own a condotel unit in Myrtle Beach, SC and have found that they are not a source of ‘easy money’ based on rental income. . South Bay Inn & Suites: 520 N. Qualification based on Property Income, Not Your Income. A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk. We also offer our Condo/Condotel Lender List and Closed Sales Histories. 7, 2023. We were considering buying a condo tell in Myrtle Beach till we learned the rental split was 60/40. Condos for Sale: Condos for Sale • Little River Condos • Myrtle Beach Condos • Mt Pleasant Condos • Isle of Palms Condos • Wild Dunes Condos Charleston Condos. The condo can even be 5 miles from the “check-in desk”. Questions: 803-998-1000. Looking for reasons to do it or not do it. Unit owners also have the option to place their unit in the hotels rental program where it is rented out like any other hotel room. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. Blissful Mortgage is your Condo Mortgage loan experts with 17 years of experience. Lauderdale, FL, etc. 3bd. Condo in Myrtle Beach. A condotel is just what it sounds like—a cross between a condominium and a hotel. 5 miles from Condotels Golf Colony Resort. $590,000. 1210 Absolute Beach. 5/5. USDA. ft. (843) 315-2535. A condotel essentially is a condo that can be rented either by the night, the week, the month or multiple months, and is similar to that of a resort as the building has a front desk where people can walk up to book or rent a unit. (843) 213-1720 (843) 213-17274066-A Taranto Loop UNIT 5101-A Myrtle Beach in Bella Vita Garden Homes - View all 39 photos. info. The money you make from the rental can help you offset some of the costs and often create extra revenue. A setup fee, or onboarding fee, is the first fee you might run into. 3 Baths. A condotel allows you to be an owner without the stress of maintenance. (843) 492-4030. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. . net. 455. 1 Listings from $649,900. Another question I get asked all the time is what is a condotel? Condotel versus condo? A condotel is a condo that can be rented by the night, by the week, o. Andrew Bay converge – Panama City Beach is a favorite of travelers seeking an affordable beach vacation with year round offerings. Mortgage rates for condos and other types of properties have been volatile in recent years. 720 sqft. Boardwalk Oceanfront Tower - Myrtle Beach Condos for Sale. Apply. View property. Whether it is the beautiful accommodations, fantastic food, or full amenities, Coral Beach Resort and Suites has it all. Myrtle Beach is all at once a spring break destination, golfing destination, retirement community, and family vacation spot. Discover genuine guest reviews for Condotels at Coldstream Cove along with the latest prices and availability – book now. 2013 New Condotel Financing; Loan Process. This unit features a full kitchen equipped with a full size fridge, rang. 1605 S Ocean Blvd, Myrtle Beach, SC. 813 2nd Ave N. $350,000. . The good news is that finding an affordable and desirable property to rent in Myrtle Beach, SC -- whether it’s. 2 Beds. MORTGAGE CALCULATOR. Receive the Beach Pro Team’s current list of local condo and. Located on a very quiet street. 1890 Auburn Ln, Myrtle Beach, SC 29575-5198. There are 1,691 properties for sale in the city of Myrtle Beach . An up to date guide to the Myrtle Beach real estate market including foreclosures and short sales. Some Myrtle Beach real estate agencies can only show certain areas, but we are not restricted. Bahama Sands Luxurious Oceanfront and Ocean View Condos.