Myrtle Beach SC Real Estate Finder Blog

Kurt Scrivens, broker-in-charge of Dunes Investments has just formed East Coast Fractionals to concentrate the growing number of fractional real estate properties in the Myrtle Beach area.

The focus of East Coast Fractionals is the Dunes Village Owner’s Club at Dunes Village Resort but he has added a number of other offerings in the Grand Stand area.

Visit the new website, EastCoastFractionals.com, to view all the offerings.

John Rist has secured the URL, MyrtleBeachSharedOwnership.com as a marketing tool to help consumers find Fractional or Shared Ownership projects in the Myrtle Beach area.

The Dunes Village Resort Shared Ownership/Fractional property is in full swing with the “Grand Opening” well under way. 

Now for a Limited Time, the developer is offering Special Introductory Pricing and Two Years of Homeowner Association fees included with these special purchase priced condos.  Now the oceanfront efficiency studio condos are just $29,900 for a 6 weeks 1/8th ownership share. 

Take a test drive to the site MyrtleBeachSharedOwnership.com or the property site at DunesVillageOwnersClub.com for complete details.

The Dunes Village Resort Fractional - “Shared Ownership” - condo project is now open.  The city issued the Certificate of Occupancy on Wednesday so that owner closing can begin shortly.

There are studio, one, two, three and four bedroom condos set apart into the “Owner’s Club” and sold as “Fractionals” with prices starting at just $39,900.  There are special privileges for members of the “Owner’s Club“.  More specifically, a world class concierge service, dedicated express check in and departure services, food service prior to arrival and onsite storage for personal items used at the beach just to mention a few.  More importantly, this select group of “Owner’s Club” condos will be substantially “Upgraded” above the standard used in the other condos in the building. 

Expect 42″ flat screen plasma TV’s in the living area and 27″ flat screens in the very spacious bedrooms,  granite counter tops, designer inspired ceramic tile areas, crown molding, stainless steel appliances, upgraded bedding, upgrade art work light fixtures and accessories, live plants, area rugs, sheer curtains, and more!

Many people think of “Time Share” when they first hear the word “Fractional“.  But, they are very different products.  Time shares are used as portable vacation products where an owner uses their “Points” to secure a remote vacation destination of their choice - say, Disney World as an example.  They are and have always been a “Depreciating Asset”

But, Fractional Ownership is for the person who wants to have a permanent second vacation home in a specific location - not a moveable vacation week.  The Fractional owner at Dunes Village Resort Owner’s Club can purchase in as small as a one eighth share or 6 weeks of ownership in a specific deeded property in the Dunes Village Resort II building.

Fractional ownership is design to match the buyer’s 2nd home needs at an affordable price.  All fractional properties are separately deeded so the owner can sell their share at any time just as they would do if they owned the whole condo.

For more details, view photos of the condos floor plans and read some articles to educate you on “Fractionals”, visit MyrtleBeachFractionals.com for details.

The new Hard Rock Park signature roll-a-coaster is almost complete and testing to begin later this fall.  As it crests at a height of 155 feet, it will twist and turn over an expanded lagoon within the park. 

This will be the tallest coaster ride in South Carolina and be the focus in the $400 million theme park which is about 142 acres in size.  The 10,000 seat amphitheater is almost complete as well and is visible in the lower right hand corner of this aerial photo by Tom Murray of the Sun News.

It’s also easy to see where the walkways will be located that will take visitors to the six rock & roll themed zones.

Those zones will include music from the 70’s, Country, British rock & roll from the Beatles era, etc.

The park is scheduled to open around April of 2008.  Visit the Hard Rock Park website for more information.

With the slowdown in the housing market, many retirees who were making plans to move south to the Grand Strand will have to delay their move because they cannot sell their homes.  This delay is caused by the abundance of inventory on the market. Selling quickly reduces their equity that they need to sustain their financial base and puts them in a “Catch 22″ situation.

Further complicating the issue is the tightening in the mortgage industry where foreclosures are occurring in the sub-prime market.

For the complete story by Jenny Burns, go to the Sun News in Myrtle Beach.

Not only will Myrtle Beach homeowners get property tax relief, most all resident homeowners statewide will see the relief.

The state legislature’s recent tax reforms will greatly reduce the property tax burden for homeowners by replacing those taxes with revenue from the new statewide one cent sales tax increase.

Those funds, already expected to produce a surplus, will be held in separate account which can only be used to pay property taxes.  Surplus will also be used to pay for school taxes further reducing the homeowner’s burden.  Anymore would be used to reduce city and county taxes.

This will be great news for people planning to relocate to the Grand Strand for retirement or when making a career/job change.  This makes South Carolina better positioned to attract new residents compared to other southern states.

For the full story my McClatchy Newspaper economist, John O’Connor, visit the Sun News.

Condo Hotel Center specializes in featuring the best Fractional Vacation and 2nd Home products that are available around the world.

Now they have added Dunes Village Resort Owner’s Club to their list of available vacation destinations.  This wonderful four acre oceanfront resort with nearly 700 feet of beach immediately north of Myrtle Beach’s Golden Mile and centrally located to most of the famous vacation attractions in Myrtle Beach

The developer of this second 14 story oceanfront tower has set aside 53 condos to be sold as “Fractionals”.  They will include Studio, one, two, three and four bedroom condos with luxury furinishing, flat screen TV’s, solid mahogany furniture, granite counters, and much, much more.

 There will be a second totally enclosed and climate controled water park which will add over 12,500 sqare feet to  the already existing water park in Tower I.  No other condotel in the Grand Strand area has this type of amenity that provide so much vacation family fun.

For more informaion, go to the Condo Hotel Center website.

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Yahoo is showing “Myrtle Beach” as the top hit and AOL has it tops when surfers are looking for a beach resort location.  Even a national survey company ranks Myrtle Beach just behind Orlando as the favorite summer family vacation site.

Myrtle Beach will be the new home of Hard Rock Park, the first theme park to be built in the US in over 10 years.  Along with the new urban village, Market Common, real estate interest is growing in the Grand Strand.

Some local officials think this new interest in Internet searches is due to the enormous amount of money being spent on advertising the area.  Myrtle Beach Golf Holiday raised over $5 million and received a $2.5 million grant from the state to promote tourism along the Grand Strand coastline.

More details on this subject can be found in the article by Jenny Burns of the Sun News.

Now is certainly the time to buy!  Single family homes dropped in price for the first time indicating that this market has finally begun to reflect what has happened in other parts of the country.

The Sun News recently report that single family home sales for July reflected a drop from an average price of $294,135 to $266,926, a drop of just over 9%.  Condo prices didn’t really change when analyzing the actual sales data but, this is due mainly because of the pre-construction from 2005 that are just now closing.  This skews the numbers but when looking at condo neighborhoods, prices have made some significant movement.

As an example, 2 bedroom condos at River Oaks are now in the mid $120’s when just this past spring they were listed in the upper $140’s to low $150’s.  There are now condos at World Tour off River Oaks drive that are being resold at near the original pre-construction prices of 2005. 

So, if you are thinking of buying in Myrtle Beach, NOW IS THE TIME!  Local real estate and banking professionals are predicting that he market is very near the bottom or already there.  Tom Maeser of Fortune Real Estate Academy thinks this to be true and well as officials at Wachovia in Charlotte.

For the complete story by Jenny Burns, click on the Sun News link.

New websites, http://www.MyrtleBeachFractionals.com/ and http://www.MyrtleBeachSCFractionalRealEstate.com/ have both been launched with new updated information this week with the announcement of the Dunes Village II Owner’s Club mid-level fractional.

This is the first oceanfront fractional on the Atlantic Coast and offers 52 oceanfront and oceanview condos from Studio size to four bedroom units.  Prices start at an unbelievable $39,900 for a 1/8th share in the oceanfront Studio condos.  The highest priced is a Penthouse Four Bedroom on the north corner to the building for $319,900.

Outstanding views are seen from this location as it sits on the first piece of multi-family land just north of Myrtle Beach’s “Golden Mile”, the most exclusive oceanfront residential community along the Grand Strand.

These new condos, expected to start closing in mid September, will be up-fitted with the very best that is offered in any oceanfront condo along the beach.  They will include solid mahogany furniture custom made for the developer of Dunes Village Resort, granite counter tops, stainless steel appliances, 42″ flat screen TV in the living area and 27″ flat screens in each bedroom, upgraded designer inspired ceramic tile areas, upgraded bedding, draperies, bed coverlets, art work, light fixtures, kitchen package, crown molding, and more.  These are the finest appointed condos in Myrtle Beach.

The Owner’s Club will have dedicated concierge service and separate arrival and departure services.  These condos are “Total Care Free/Maintenance Free 2nd homes.  The owners never have to replace as or fix anything; not even a light bulb.  Everything including linens, furniture, kitchen items, etc. are replaced on a regular schedule so the condos stay in first class condition when each owner arrives.  The HOA fees include funds for these and all services that would normally be paid for by a whole ownership owner.  Even the HO6 contents insurance is included in the HOA monthly fees. 

The resort, will have two indoor enclosed water parks that span over 25,000 square feet.  There is nothing like this in any other condotel along the Grand Strand.  This is one reason that occupancy rates are so high in the first tower I which opened in the summer of 2006.

I’ll be writing more on the Owner’s Club as time goes on.  But, in the meantime, go to www.MyrtleBeachFractionals.com for all the detailed information and many articles on Fractional Real Estate that will answer many questions for buyers considering this exciting new “Intelligent Way to Own Real Estate”