Condotels are typically high-rise buildings which are developed and operated as a luxury hotel and are usually found in major resorts and cities. 386 sqft. 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. Coveted. Patricia Grand Resort Hotel welcomes two dogs up to 20 lbs in designated rooms for an additional fee of $20 per pet, per night (up to $150 per week). 4 bds. 36 homes. Website. 4785 -. There are 1,691 properties for sale in the city of Myrtle Beach . Established in 1985, Barefoot Rental Management provides residential property management services in Myrtle Beach as well as Surfside, Garden City, Murrells Inlet, North Myrtle Beach, Conway, Carolina Forest, and Little River. PRIME DIRECT OCEANFRONT 1 bedroom 1 bathroom furnished unit for sale in Dunes Village Resort. We also offer. When a project as a whole, functions more like a vacation rental resort, the building is ineligible for. Unit 1002, Myrtle Beach — The Palms $549,999. It offers in size, 1 beds and 1 baths. Many property owners also use their Myrtle Beach condotel for personal use. Wells Fargo Bank. (843) 903-3550. Jumbo Mortgages/Adjustable Rate Loans. 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626). RDunn@remn. Bedroom in Myrtle Beach SC. Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. Fix and Flip Loans. Bridge Dale • 2 years ago. 1516 Edge Dr. Condo for Sale in South Myrtle Beach, SC: Gorgeous Direct Oceanfront 1br/1ba Furnished 3rd floor unit in Landmark Resort! This unit features updates including Brand new 50 inch tv in the living room and 40 inch tv in the bedroom, air conditioning units less than 3 years old, tile floors throughout, Quartz countertops, updated kitchen cabinets, fixtures, outlets, bedding, furniture, bed, and. Dec. . After extensive searching, you have found a great gulf front condominium with a strong onsite rental program, and restaurant, indoor and outdoor pools and lots of other great amenities. There are 630 real estate listings found in North Myrtle Beach, SC. Whether it is the beautiful accommodations, fantastic food, or full amenities, Coral Beach Resort and Suites has it all. The average sq ft home size of South Carolina Beachfront Condos & Villas For Sale Myrtle Beach SC is 956 square feet. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator; Blogs. Call ☎ (800) 697-4371. VA Loans. Direct oceanfront corner lockout now available at Boardwalk Beach Resort in the heart of Myrtle Beach! This renovated, turnkey 2 bedroom, 3 full bathroom condo can accomm. 32 days on Zillow. Amenities are plentiful and include three outdoor pools, oceanfront whirlpools, a kiddie pool, and a 350-foot. Does Condotels at SurfMaster have an airport shuttle?According to a study that evaluated condo-hotels in the Florida state and projected returns over a five-year period from 2006 to 2011 the return rate is usually 1%. 455. Condotel Mortgage / Condo-Tel Financing / Condops. View our MLS Listings and find your dream vacation condo, beach house, or investment land in Myrtle Beach 1-844-339-87661515 Hwy 17 S, North Myrtle Beach, SC 29582; 843-249-6317; ScottTodd@allstate. Drew CCNB offers special rates and terms for condotels in the Myrtle Beach area. #D. 1321 S Ocean Boulevard, North Myrtle Beach, SC 29582. There is a lot of bad advice on the internet about condotels. Posted Mar 20 2023, 12:00. Welcome to this fully furnished, 1 bedroom 1 bathroom oceanfront condo in the Coral Beach Resort. 455. 2 bedroom, Wildwood Crest NJ 08260. St. APPLY NOW. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. But what is a condominium hotel or condotel? A condo-hotel is a new trend in the Myrtle Beach. At Movement Mortgage, we do offer condotel financing if the building is indeed a true condotel. Financing/Investment. Receive the Beach Pro Team’s current list of local condo and. Financing a myrtle beach condotel. ft. After all annual fees are paid ie. We have the experience and knowledge to help you find the right condo insurance policy for your needs and budget. . 107 Toby Ct. Currently, the condotel purchase market in South Beach, Panama. However, securing financing for such a unique property can be a complex process. By Alison Gregor. Are You or Your Spouse 62 Years of Age or Older? 3. Apply for a Condotel Loan in Miami Through Lending Bankers Mortgage. When you're ready to buy, we'll be here to help. MLS# 2305975 / Sold. Available financing for vacation and 2nd homes up to 85% loan to value to $3,000,000. condo with a list price of $179000. Our. 1,501 sqft. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. Financing/Investment. Print . Condo in Myrtle Beach. 1105 South Ocean Blvd, Myrtle Beach, SC 29577. 426% for a 30-year fixed, 6. 7100 N Ocean Blvd #1202, Myrtle Beach, SC 29572. Born in the talons of Jim Crow, Atlantic Beach was established in 1934 after entrepreneur George Tyson gave the county a $2,000 down payment for development rights on 47 acres between 29th and. condotel financing situation is “as good as it gets!” A little-known “secret” is that condotels (condos in developments with check. 475 sq ft. In this article, we will explore the key. Myrtle Beach, SC 29579; Office: 800. His knowledge and expertise is second to none. Adam Benson The Sun News. 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®. MORTGAGE CALCULATOR. Locally, we have a handful of local lenders, with very. com (800) 697-4371. A: 1515. - Homes for sale presented by the Beach Pro Team: 843. Financing Your New Home in Myrtle Beach. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. Boardwalk Oceanfront Tower - Myrtle Beach Condos for Sale. 4817 Magnolia Lake Dr #301, Myrtle Beach, SC 29577. The Preserve At Clam Farm: Folly Beach, SC. A condotel allows you to be an owner without the stress of maintenance. W. 1025 Highway 17 South. I found Condotel Financing at competitive rates Types of Mortgages Available Principle & Interest Mortgage Options. N Unit 1025, Myrtle Beach — Sand Dunes Phase Ii $214,500. 201 N 74th Ave. Bay View Resort. North Myrtle Beach, SC 29582. Condotel properties must have a full. Qualification based on Property Income, Not Your Income. Depart. 7, 2023. 00. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. 1207 S Ocean Blvd. 5/5. Loans made or arranged pursuant to California Financing Law. Bluewater Resort - Myrtle Beach Condos for Sale. 1909 Hwy 17 S North Myrtle Beach in Causey's Mobile Home Park - View all 20 photos. CONDO SPECIALISTS. Our deep understanding of the Myrtle Beach real estate market allows us to identify the most suitable condotel financing options for your specific. View property. But it boils down to whether or not you can rent the condo for 7 days or less, and it’s a daily rental. 4785 -Personal Banking. Real Estate Agents Real Estate Buyer Brokers Commercial Real Estate. 3 baths. 219 Camber Rd, Huger, SC 29450. Wow! I didn't know what that was beforehand and now we can't even use the pre-approved loan to purchase it. Airport (MYR) airport, the closest popular airport to the property. Myrtle Beach is all at once a spring break destination, golfing destination, retirement community, and family vacation spot. Setup fee. Pick the perfect place where watching the ocean from your balcony completely soothes your soul and encourages you to sit for hours and meditate. 60%. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. In November 2023, the average monthly cash on cash return in Myrtle Beach is 3. Golf colony resort 5p. Columbia SC. Loan Application. Now we’re seeking a publicly traded condotel management company. Enjoy the. W. Owner Financing This property will be on the market for a limited time This gorgeous 4-bedroom, 3 bath home is located in Francis Marions. Enjoy an in-room DVD player, a TV, and cable/satellite TV. This ground level 2-bedroom condo is located in the popular Seagate Village. 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. Contact Information. 3 bedroom, North Myrtle Beach SC 29582. $242,900. 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…. Real Estate Brad Emond July 8, 2020 Brad Emond Real Estate at Keller Williams Realty condotels , condotel , condo , condos ,. Minimum down payment of 15%. 3 br, 2 ba, 1930 Tot. Borrowers can also email me at gcho@gustancho. 00 or as much as $3,360. net. 201 74th Ave N #2731, Myrtle Beach, SC 29572. Sea Mist Eff/1BA oceanview condo. 386 sqft. Owner financing available! No hassels with condotel financing! Direct Oceanfront Efficiency Unit. Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking. Available financing for vacation and 2nd homes up to 85% loan to value to $3,000,000. It was a nice room close to the pool with a good open floor plan. Beach Cove Resort offers two and three bedroom oceanfront condos. 3bd. Low-Down-Payment loans : FHA. 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. Condotel Mortgage Rates; Florida Condotel. [email protected]. A Condotel Loan (condo hotel, condo-tel, Condo Hotel Financing, etc…. The house always wins. User Stats. 4785 - I just got back from Myrtle Beach SC and I'm ready to purchase a condotel. Stay at this business-friendly hotel in Murrells Inlet. 2 bedrooms. Gene Carter: Cell 843-455-4785. Discover genuine guest reviews for Condotels Golf Colony along with the latest prices and availability – book now. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 00. info. 904 62nd Ave. Fast Closing and Flexible Underwriting. Seller will provide a generous painting allowance. South Bay Inn & Suites: 520 N. 129 Cold Stream Cove Loop, Garden City Beach, SC 29576-9146. Myrtle Mike Thompson. can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach, SC, Charleston, SC Ft. Financing/Investment. Condotels have hotel-like amenities and services – unlike the conventional condominiums. Premium. 3910 Highway 17 South. Barefoot Commons Branch. Looking for reasons to do it or not do it. Bridge Dale • 2 years ago. 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. 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. 32 days on Zillow. 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. All Waikiki Banyan and Waikiki Sunset condos are legal STRs subject to the terms of Bill 41. Morant’s proposed condotel, named “The Black Pearl of the Atlantic,” would be located near 30th Avenue South and South Ocean Boulevard, and feature 168 hotel rooms, 36 short-term rental. A list of local lenders and contacts who can provide traditional financing for condos and condotels in Myrtle Beach, SC. Ripley's Aquarium of Myrtle Beach. The median list price in Myrtle Beach is $318,570 and the average price per square foot is $138. What a unit owner owns is typically different than what a unit owner owns in a typical. Myrtle Beach II 8216 Devon Ct Suite 102 Myrtle Beach, SC 29572 ; NE Ohio 1991 Crocker Road, Suite #204 West Lake, OH 44145 ; 888-653-5052; NY MTG Expert. Condotel Financing Myrtle Beach, etc. ACMG offers 90% fixed or adjustable rate loans of amounts up to $417,000 to be used on second homes consisting of 1 Unit Properties, Condos and PUDs. GRAND STRAND COASTAL REALTY. Apply Now and Get a Quote Today! Get more details. In the 1960s, Folly Beach was quite a tourist destination and a new Oceanfront Plaza was built to replace the Oceanfront Hotel and Pavilion, which burned down in 1957. Pet Friendly. RE/MAX SOUTHERN SHORES NMB. Even if you wanted to buy into a condotel today, it’s doubtful you could find a bank that would finance this loan. Our mortgage lenders will gladly review your unique situation and find a flexible solution that best fits your lifestyle. Even if you don’t fall into one of these categories but still need a mortgage, reach out for a conversation to see if we can help. I know most of them are those condoels which apparently is an old term, but looking for insight. 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. 3bd. Much nicer than our friends place down the road in ocean village. 1890 Auburn Ln, Myrtle Beach, SC 29575. OK Myrtle Beach Hard Money Lender, BBB A+ Rated, Excellent Rehab Program for Fix-to-Flip Projects. 1 bath. 2207 S Ocean Blvd #809, Myrtle Beach, SC 29577. 1,045 Sq Ft. 2013 New Condotel Financing; Loan Process. The units are individually owned. 2 bds; 2 ba; 1,158 sqft - Condo for sale. This oceanfront resort is located at 1105 S Ocean Blvd, Myrtle Beach, SC 29577. especially in a popular tourist destinations like Myrtle Beach. If you need a Condo Hotel purchase mortgage loan or a Condo Hotel refinance mortgage loan, please contact us at Gustan Cho Associates at 1. UNIT #242 Myrtle Beach in A Place At the Beach IV Shore Drive - View all 24 photos. Investing in a condotel (a condominium that operates as a hotel) can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach. Each condotel is a part of a large-scale property that operates similar to a hotel, with a wide range of amenities and resort-style features. I am looking at Myrtle Beach for my first property. Frequency of contact may vary and message and data rates may apply. 5/5. Contact us today at 843-232-7321!5905 South Kings Hwy Unit A418, Myrtle Beach, SC 29575. At Bankoh Investment Services, we take the time to get-to-know you and understand your financial needs and goals. is a licensed lender. 537 Sq. Mortgage rates for condos and other types of properties have been volatile in recent years. Bay View Resort is located on the board walk and is at the heart of Myrtle Beach in close proximity to top attractions such as the Sky-wheel, Pavillion, 2nd Ave Pier, and more!A condotel is a short-term rental unit in a condominium project generally found in resort-zoned and specific apartment-zoned areas. No Need For Traditional Condotel Financing Hassles! Direct Oceanfront. Come and. The list is categorized by the types of loans each lender can provide and includes the lender's name, phone number, email and website. Those. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. Whether you are looking for exciting watersports or to dance the night away at Broadway at the Beach, The Caravelle. The project. Call ☎ (800) 697-4371. We’d like to buy stock in the company that charges 40% less expenses on someone else’s investment. In this article, we will explore the key. Now Specializing in Small HOA Property Management (843) 467-8106 Seven Days a Week Property Management for Myrtle Beach & Murrells Inlet Read More Renters? Apply Online with our Convenient Form Rental ApplicationA condotel is a combination of a condominium and a hotel and is a unique type of property ownership. More Details. 4066-C Taranto Loop UNIT 5203-C Myrtle Beach in Bella Vita Garden Homes - View all 22 photos. 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. 4785 -1512 Taurus Ln. Owner Financing available for qualified buyers. Unit 1-904, North Myrtle Beach — Yacht Club Villas $619,999. info. The Preserve at the Clam Farm's 62 luxury three- and four-bedroom townhouse condominiums, an ERA Tides Realty… read moreFrom the tiny, tight-knit town of Loris to the bustling boardwalk of The Beach, the 14 unique communities of Myrtle Beach offer their own attractions, atmosphere, perks, and properties, all with access to the sandy shores of the Atlantic and mild year-round temperatures. Visit hotel website. Beach Pro Team, Gene Carter REALTOR. . With a private balcony, these level 3 condominiums are angle oceanfront units. On a case by case scenario, even if the rental income is claimed on the schedule E, the property can be classified as a second home. $350,000. Long-Term Fixed or ARM Rates. 596 sq ft. Good value. 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. Generally speaking, only lenders with in-house programs designed for condotels can finance condotels. Financing Condos in Myrtle Beach Can Be Tricky. By Adam Benson. . 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. CENTURY 21 THE HARRELSON GROUP. 2 Beds. 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. View current Myrtle Beach, SC mortgage rates from multiple lenders at realtor. Owners use short-term rentals to generate income, listing them on platforms. 991 38th ave n, myrtle beach, sc, 29577. A condotel is just what it sounds like—a cross between a condominium and a hotel. With more than 400 properties, Garden City Realty has a beach rental. We offer 30- and 40-year fixed-rate mortgages, as well as 5/6 and 7/6 adjustable-rate mortgages (ARMs). Posted in 2021, Myrtle Beach Real Estate, Myrtle Beach Rental Property. So I was wondering what the reasoning was behind such a high interest rate on condos? 10% is super high. Our services encompass condotel loans and loans for non-warrantable condo projects. 4785 -. In all states, the principal licensed office of American Financial Network, Inc. 3 baths. View our North Myrtle Beach real estate area information to learn about the weather, local school districts, demographic data, and general information about North Myrtle Beach, SC. Myrtle Beach condotels are also a much better investment than timeshares, as timeshares are hard to sell, while condotels are in demand. » Hotels in Myrtle Beach. 3 bds. Coral Beach. Compare different loan programs, rates, and down payments for your new. Now we’re seeking a publicly traded condotel management company. com. Sand Dunes Resort Condos For Sale. U. Condo For Sale $159,900. 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!!. Our local team of experienced financial advisors will work with you to develop a customized financial plan tailored to help you. If you're looking for monthly condo rentals in Myrtle Beach, SC, book today with Condo-World! Arrive. Owner Financing Available - Myrtle Beach, SC Home for Sale. No appointments necessary. Financing/Investment. 201 W Passaic Street Rochelle Park, NJ 07662 Phone: (800) 876-5626 [email protected] Condotel. View 28 photos of this 1 bed, 1 bath, 581 sqft. 4525-D Girvan Dr. Personal Banking. Condo For Sale In Myrtle Beach, South Carolina. com (800) 697-4371. All Waikiki Banyan and Waikiki Sunset condos are legal STRs subject to the terms of Bill 41. $590,000. Investing in a condotel (a condominium that operates as a hotel) can be an exciting and profitable venture, especially in a popular tourist destinations like Myrtle Beach. . This unit features a full kitchen equipped with a full size fridge, rang. Free parking. Take in a foot-stomping show at the Carolina Opry, or cheer on your favorite knight at Medieval Times. 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 Ashworth Condos For Sale. Here are the highlights of our Condotel program: Borrowers must have a minimum credit score of 680. (843) 272-8400. 1 Beds. 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. We consider loan-to-value ratios of up to 65%. Most posts I've seen on this topic are old. Portfolio Financing for Condos and Condotels. 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. Condotels International Inc. Beach Cove Resort - Traveler rating: 4/5. These condo hotels in North Myrtle Beach have great views and are well-liked by travelers: Avista Resort - Traveler rating: 4. Call ☎ (800) 697-4371. Suggestions on loan resources for condotels in the Myrtle Beach area? Give us a call Jerry Pinkas Real Estate Experts 843-839-9870. com. Sea Mist offers indoor & outdoor pools, a large water park, hot tub/spa, wading pool, lazy river, sun decks, mini golf, 90 seat movie t. Unit 420, Myrtle Beach — Coral Beach $155,000. is a licensed lender. Financing is available when you are looking to purchase a unit in a condotel but it is often more limited than when looking at other properties, including standard condos. Financing. Explore the Coral Beach condos for sale in Myrtle Beach SC. 345 sq ft. Special offer. 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. - Homes for sale presented by the Beach Pro Team: 843. Real Estate investment in Myrtle Beach, SC. Owners used as 2nd home. . $350,000. 1 bed. UNIT #406 North Myrtle Beach in Beach Cove - View all 40 photos. 1. 3 bds; 2 ba; 1,501 sqft - For sale by owner. Myrtle Beach condotel financing guidelines made easy Our flexible options and expert guidance ensure a seamless experience. 30-year fixed. Myrtle Beach, a scenic oceanfront community in South Carolina, offers both guests and residents miles of beaches, inland waterways, more than 100 golf courses, and activities for all ages. The team at Gustan Cho Associates are specialists in condotel financing in Florida and. Financing/Investment. 387 sq ft. 1,039 Myrtle Beach SC Condos for Sale. You’ve contracted to purchase and now all you have to do is go back to. 2 Baths. - Condo for sale. location of a barber shop, has sued a candidate running for council on Nov. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family. - Homes for sale presented by the Beach Pro Team: 843. Compare hotel prices from hundreds of travel sites and get great deals. INCREDIBLE DIRECT OCEAN FRONT CORNER UNIT! The views are fantastic and the sound of the waves will set your mind at ease.