Save time and money on finding your ideal accommodation with millions of reviews and photos on down condotels in Myrtle Beach. 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. Ocean Blvd. Bella. North Myrtle Beach, SC 29582. First Last. $97 night. condo with a list price of $214900. 2000 Highway 17 S. 3 beds. Financing/Investment. For one, a condo mortgage usually requires extra steps and additional paperwork. The house always wins. Myrtle Beach, SC has numerous condotel units that are incredible and can be incredibly lucrative for you, but you have to know where to find them and what to look for. 20% “Regular” condos. 1 Baths. Condotel financing terms. GRAND STRAND COASTAL REALTY. property tax, personal property tax (furniture tax), rental commission (the rental company in my resort charges 40% of gross rentals), all fees associated with each rental ie. It sounds like Vegas. Thanks in advance. View property. The HOA will have to have hurricane (also known in SC as wind & hail), traditional hazard (fire usually), and flood insurances. In Myrtle Beach, the lifestyle is relaxed and friendly and full of things to do – making it a wonderful place to vacation or to live. CONDO RESOURCES. His knowledge and expertise is second to none. Whether it is the beautiful accommodations, fantastic food, or full amenities, Coral Beach Resort and Suites has it all. 2023. com®. CONDO RESOURCES. Units require at least a true 1 bedroom. Financing/Investment. 36 homes. Now we’re seeking a publicly traded condotel management company. net. Most posts I've seen on this topic are old. Try more general words. * 5 Star Steak House Restaurant on-site. North Myrtle consists of four beaches -- Windy Hill, Crescent Beach, Ocean Drive. 30-year fixed. facebook; linkedin;. 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. Many banks and mortgage bankers used to finance condotels prior to the collapse and many condotel unit owners still have condotel financing loans with big banks such as Wells Fargo, Chase, Citibank, Bank of America, and other local, regional, and national banks at high-interest rates. November 1, 2023. ABC Mortgage Company is located in Myrtle Beach, serving Horry County, Georgetown County along with the rest of the state of South Carolina. South Bay Inn & Suites: 520 N. The Brighton Tower is an upscale 21-story oceanfront condominium tower in Kingston Plantation, a 145 acre world-class resort located in the Arcadian section between Myrtle Beach and North Myrtle Beach. 2500 N Ocean Blvd. Enjoy the. Investment property loans Commercial & Residential Condo Hotel Loans. An. 100 North Beach Blvd #606, North Myrtle Beach, SC 29582. 303% for a 15-year fixed, and 7. 4 bds. The units are individually owned. The money you make from the rental can help you offset some of the costs and often create extra revenue. Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. 9700 Kings Rd. Investment properties are eligible for the Condotel program. This ground level 2-bedroom condo is located in the popular Seagate Village. . 813 2nd Ave N, North Myrtle Beach, SC 29582; M - F 8am -5pm (843) 444-LOAN (5626). Nice residents and friendly staff. 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. - Homes for sale presented by the Beach Pro Team: 843. Super comfortable and fully furnished, this u. Blissful Mortgage Condo loans. . Welcome to this fully furnished, 1 bedroom 1 bathroom oceanfront condo in the Coral Beach Resort. S - Koa Campground in Myrtle Beach - 2 bd 2 ba 0 ½ ba. North Beach Plantation. 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. Great location!!!! just minutes from the beach, broadway at the beach, tons of dining options and golf courses. But it boils down to whether or not you can rent the condo for 7 days or less, and it’s a daily rental. Boardwalk Oceanfront Tower - Myrtle Beach Condos for Sale. 1,039 Myrtle Beach SC Condos for Sale. View 28 photos of this 1 bed, 1 bath, 581 sqft. is. Fix and Flip Loans. . Visit hotel website. especially in a popular tourist destinations like Myrtle Beach. Contact Us Today To Get Started. Choose an in-demand location. Condotel properties must have a full. 3500 N Ocean Blvd (Prince Resort I), 3601 N Ocean Blvd (Prince Resort II), North Myrtle Beach, SC 29582. Warrantable condos are one that a homebuyer can finance using a conventional mortgage, after having been approved under a set of guidelines set by government-sponsored enterprises Fannie Mae and Freddie Mac. Minimum down payment of 15%. 2 Bed. Myrtle Beach, SC. 1,045 Sq Ft. Get a Free Rate Quote Online! As a Myrtle Beach condotel lender, we specialize in offering financing for a wide range of condominiums, including condotels. 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…. Prestwick, SC Home for Sale. 00, with the average rent median estimated to be $1,250. 6. (866) 803-2853. This is a Condotel, and you must abide by the Wildwood Crest Ordinance which is located in Associated Docs. Get a quote Or, call 1-855-347-3939. 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. 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. facebook;. 455. The largest property for sale is 3,174 sqft and smallest 307 sqft. 5 million dollar two bedroom, two bathroom oceanfront condotel unit in Hawaii. Indeed, when looking to rent in Myrtle Beach, SC, you can expect to pay as little as $570. Beach Colony. Local Lender Lists (Homes Condos) 1031 Tax-Deferred Exchange; Mortgage Calculator;. Owner Financing Available - Myrtle Beach, SC Home for Sale. which is centrally located in Myrtle Beach and within close proximity to the boardwalk, sky wheel, and Myrtle Beach convention center. Barefoot Rental Management 4999 Carolina Forest Blvd, Suite 12, Myrtle Beach, SC 29579. Condotel Mortgage / Condo-Tel Financing / Condops. 1105 S Ocean Blvd. These condo hotels in North Myrtle Beach have great views and are well-liked by travelers: Avista Resort - Traveler rating: 4. Regarding how you like to bank, we know one size doesn’t always fit all. Sometimes one size doesn’t always fit all. Type: ManufacturedHome, Year Built: 2021. A condominium project that is operated as a hotel with a registration desk, cleaning service and more. You can also use this residence for ready and steady rental income. Maximum 75% LTV. High LTV and Interest-Only Options. 444. Condo For Sale $199,900. 2 Baths. . Owner Financing available for qualified buyers. A: 1515. Print . $480,000. But in general, the general consensus among condotel mortgage. (843) 444-LOAN (5626) Home. View property. 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. Myrtle Beach and the surrounding areas are a perfect location for a vacation or. 813 2nd Ave N. 3 Baths. Many of those visitors that come, buy and sell real estate which generates hundreds of millions of dollars in tax revenue for the state of SC. Borrowers can also email me at gcho@gustancho. Trackback. Nestled in the heart of Myrtle Beach next door to the famous Sea Mist Resort and Landmark Resorts guests can find an oasis where family, fun, surf, and sun all go hand in hand. 7/03/2020 - Zillow. 00. We offer a variety of mortgage options: Conventional Mortgages. A condotel allows you to be an owner without the stress of maintenance. A condotel owner purchases a unit within the property and uses it as a second home or vacation spot. 2% within the next year. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID. $590,000. Depart. Financing/Investment. com (800) 697-4371 facebook And we can tell you for a fact, yes you can! Buying a condo in Myrtle Beach can be a good investment in 2023. The units are located within a building that has the amenities of a hotel, including a front desk as well as a cleaning staff. $242,900. 4. 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. North Myrtle Beach, SC 29582 (843) 444-LOAN (5626) wp@444loan. 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. For your protection, do not email your Account Number (s) or Social Security Number. Myrtle Beach, SC 29579; Office: 800. Maximum 75% LTV. Foreign National Loans. …. Contact BrickWood Mortgage today at (843) 314-4101. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). For more information, contact Oren at (312) 867-5363 x206 or by email at oorkin@capfundmtg. Contact CondoLux’s Myrtle Beach Condo Sales Team or call (800) 624-6418, we represent vacation property all over the Grand Strand and your needs will be handled by the best professional who can service your. 455. Today’s mortgage rates in Myrtle Beach, SC are 7. Financing/Investment. 18, 2009. FOR SALE BY OWNER 0. 813 2nd Ave N, North Myrtle Beach, SC 29582. Beach Cove Resort offers two and three bedroom oceanfront condos. Good value. * Only AAA 4 Diamond, 5 Star Resort in the area. Refer to and input NMLS #237341 to see where American Financial Network, Inc. The simple answer is Yes! Especially now that prices are right in Myrtle Beach. 2 Baths. We also offer our Condo/Condotel Lender List and Closed Sales Histories. Individual owners have units, but they have. 1105 S Ocean Blvd. The money you make from the rental can help you offset some of the costs and often create extra revenue. UNIT #103 North Myrtle Beach in Ocean's Edge Townhomes - View all 38 photos. (843) 213-1720 (843) 213-17274066-A Taranto Loop UNIT 5101-A Myrtle Beach in Bella Vita Garden Homes - View all 39 photos. 5905 South Kings Hwy Unit A418, Myrtle Beach, SC 29575. First Last. Panama City Condo Mortgage Rates; Panama City Beach Condotel Mortgage Rates; Panama City Beach Condo Mortgage Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (850) 495-30355300 N Ocean Blvd. SOUTHERN COAST INSURANCE GROUP INC 4420 Oleander Dr Ste 104 Myrtle Beach, SC 29577 Get Map Phone: 843-839-5076 Fax: 843-353-0785 Contact Us2 BDS | 2 BA | 1,100 SQFT. Master bedroom has 2 closets. 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. Hard Rock Cafe Myrtle Beach. 161 Seawatch Drive, Myrtle Beach, SC 29572. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). More Details. Panama City Condo Mortgage Rates; Panama City Beach Condotel Mortgage Rates; Panama City Beach Condo Mortgage Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (850) 495-30355300 N Ocean Blvd. Written by jpinkas on August 17, 2018. Condotels at SurfMaster is 9. Investor. DSCR calculations as low as zero are eligible for the program. com; Mon-Fri 8am - 5pm Sat-Sun Closed; Car Insurance; Home Insurance; Life Insurance; Motorcycle Insurance; Condo & HO6; Flood Insurance; Golf Cart Insurance; Renter's Insurance; Contact Us. $387,000. (843) 315-2535. Sea Watch Resort is close to some of Myrtle Beach’s most popular attractions, including Restaurant Row, the Tanger Outlet Mall, Barefoot Landing, and Restaurant Row. CENTURY 21 THE HARRELSON GROUP. 4712 Cobblestone Dr APT K-3, Myrtle Beach, SC 29577. Licensed SC Realtor for more than 35 years !!Does anyone have any advice or gotchas to look out for when buying a beach condo in a hotel to use as a rental unit with the hotel managers onsite? Think myrtle beach type rooms. If you think that condotel ownership may be for you, we can help you apply for competitive condotel financing in Miami or the surrounding region. The CondoLux staff is very helpful on the phone and at the office. 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. Most of the Myrtle Beach oceanfront high rises are condotels. 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. So if you're also looking to invest, condo hotels are a pretty decent option, in my opinion. $590,000. - Homes for sale presented by the Beach Pro Team: 843. $499,000. Condotels are condos that are run as resort properties and offer amenities such as check-in desks,. And that. Ripley's Aquarium of Myrtle Beach. SEARCH OUR SITE. We specialize in Condo Loans Financing for Warranted Condo Loans, Non-Warranted Condo Loans, Condotel Condo Loans, Primary Condo Loans and DSCR investment Condo loans for long and short term rentals. com (800) 697-4371. Touch device users, explore by touch or with swipe gestures. 2 bds; 2 ba; 1,158 sqft - Condo for sale. Become a member or tee off for the day at a variety of courses from Pawleys Island to North Myrtle Beach. Destin, Miramar Beach, 30A and Panama City Beach Fl Condo Financing Questions. Written by Jerry Pinkas on June 8, 2018. Marriott's OceanWatch Villas at Grande Dunes - Traveler rating: 4. Creative Real Estate Financing; Private Lending & Conventional Mortgage Advice; Real Estate Crowdfunding; Commercial and Multi-Family. Even if you wanted to buy into a condotel today, it’s doubtful you could find a bank that would finance this loan. Unit 5, Myrtle Beach — Birch N' Coppice $275,000. Our business is dedicated to providing those in beautiful Myrtle Beach with personalized, outstanding property management services. Investment property loans Commercial & Residential Condo Hotel Loans. For your protection, do not email your Account Number (s) or Social Security Number. . LOAN. 4785 -The average rent price in Myrtle Beach, SC, is $1,315. Posted in 2021, Myrtle Beach Real Estate, Myrtle Beach Rental Property. - Homes for sale presented by the Beach Pro Team: 843. View Tripadvisor's 53,350 unbiased reviews and great deals on house rentals in North Myrtle Beach, SCCoral Beach is a condominium community located in Myrtle Beach that offers a wide range of amenities to fit any lifestyle. -1. 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. North Myrtle Beach, SC 29582. APPLY NOW. 00 or as much as $3,360. 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. 1210 Absolute Beach. ★THE BEST location: mere steps to the beach, walkable to the famous Myrtle Beach Boardwalk, minutes from hundreds of shops, restaurants + attractions ★Spend time w/friends in the 16-person HOT TUB ★Seasonal beachfront pool bar, indoor/outdoor pool decks, hot tubs, lazy river ★FAMILY: Board games, pack n play,. Bay View Resort. Owner Financing available for qualified buyers. Unit 1003, Myrtle Beach — Dunes Village Resort $318,000. . 455. This two bed, two bath second floor end unit features an open floor plan and is being sold fully furnished. Miami CONDOTEL Financing. 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. Archives Personal Finance. 596 sq ft. 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. Problem is, the lenders my Realtor has done business with will not do a loan for a studio. MORTGAGE CALCULATOR. Condo Financing and Condotel Mortgages. Condo For Sale $159,900. Most of the Myrtle Beach oceanfront high rises are condotels. $242,900. Drew CCNB offers special rates and terms for condotels in the Myrtle Beach area. By Adam Benson. Enjoy laundry facilities, a patio, and a TV. A condominium hotel, sometimes called a condotel, is a condominium but operated and managed like a hotel. The rent is split between management and the owner in the range of 40%-60% in favour of the owner, but can often be as high. 161 Posts 128 Votes. The main point to consider when buying an oceanfront condo is the location. The residents of South Carolina pay an average of $579 per year for condo insurance for a coverage level of $60,000 for personal property, $300,000 for liability protection with a $1,000 deductible. 18, 2009. Units require at least a true 1 bedroom. Unit 50905, Myrtle Beach — Sea Mist $47,000. North Myrtle Beach, SC 29582. Amenities are plentiful and include three outdoor pools, oceanfront whirlpools, a kiddie pool, and a 350-foot. $350,000. Financing Condos in Myrtle Beach Can Be Tricky. NEW - 4 HRS AGO FOR SALE BY OWNER. Wow! I didn't know what that was beforehand and now we can't even use the pre-approved loan to purchase it. 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. Condotel Financing Guidelines. Financing/Investment. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. A condotel is just what it sounds like—a cross between a condominium and a hotel. No appointments necessary. 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,. 169 reviews. S Unit 816, Myrtle Beach — Coral Beach $170,000. Financing/Investment. 9670 Shore Dr. Read More. LOCATION. Although. Malibu Pointe Beach Club: 5 Listings from $285,000: Mar Vista Grande: 3 Listings from $769,500: North Beach Plantation: 17 Listings from $250,000: Prince Resort: 1 Listings from $372,900: Tilghman Beach And Golf Resort: 27 Listings from $320,000: More Myrtle Beach Condos for SaleBuying or selling a foreclosed condo in Myrtle Beach Area, SC,? Let The Harrelson Group help you in all your Myrtle Beach Area, SC foreclosed condominium needs. An up to date guide to the Myrtle Beach real estate market including foreclosures and short sales. 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. 813 2nd Ave N. Coral Beach is an award winning oceanfront resort with excellent rental income! This oceanfront one bedroom has. Easy to finance. Many national, big named banks will not finance a condotel. 1 bath. 1 bath. . Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. Give us a call 843-839-9870. Condotel Financing – As Good As It Gets? Newsletter – July 2013 Loans made or arranged pursuant to California Financing Law. 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. Available 7 Days/Week MON - FRI 8am - 7pm SAT - SUN 10am – 6pm Call us (407) 955-4575. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. info@afbcarolinas. Listing courtesy of Listing Agent: Michele Blase () from Listing Office: Realty ONE Group Dockside. is a licensed lender. View current Myrtle Beach, SC mortgage rates from multiple lenders at realtor. 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. Investment Property - Myrtle Beach, SC Home for Sale. Mingle with the fishermen of Springmaid Pier, then stop for ice cream along the boardwalk. 2318867 MLS. 10 days on Zillow. Learn about Myrtle Beach Home Loans, First Mortgages, Second Home Loans, Condotels, FHA and VA Loans, Any Credit. Airport (MYR) airport, the closest popular airport to the property. An agent at Better Homes and Gardens Real Estate Elliott Coastal Living can help you look for your beach property today. Myrtle Beach SC. Myrtle Beach, SC 29579. 5 million. 426%. DrewThese condo hotels in Myrtle Beach have great views and are well-liked by travelers: Hilton Myrtle Beach Resort - Traveler rating: 4. Compare hotel prices from hundreds of travel sites and get great deals. The units are individually owned. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). At Bankoh Investment Services, we take the time to get-to-know you and understand your financial needs and goals. Was approved for $80k to purchase a beach rental property to come and find out that the loan cannot be used to finance a condotel. Sand Dunes Resort Condos For Sale. 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. GREY AREA. . Department of Housing and Urban Development | 451 7th Street S. W. 161 Seawatch Drive, Myrtle Beach, SC. Enjoy the. North Myrtle Beach Waterfront/Oceanfront Condominiums for Sale. This is a dramatic way of saying that these types of structures cannot be financed through fannie mae or freddie mac. Brighton Tower Overview. TRV69857---. [email protected] Home Group offers mortgages for warrantable, non-warrantable and condotel property types. 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. Specific property information is deemed reliable but is not guaranteed. Condotel Financing Florida Mortgage Rates; Today's Condotel Florida Mortgage Rates; Live Condotel Mortgage Rates. There are 2,731 real estate listings found in Myrtle Beach, SC. 4817 Magnolia Lake Dr #301, Myrtle Beach, SC 29577. 504 North Ocean Blvd #310, Myrtle Beach, SC 29577. Myrtle Beach SC. There is no maximum loan size on Condotel Financing Mortgage Loans. I am looking at Myrtle Beach for my first property. No Exp. 24 The Sandbar Hotel at 1804 S. 1 Beds. Featured Resorts in Myrtle Beach, SC Bay View Resort. Suggestions on loan resources for condotels in the Myrtle Beach area? Give us a call Jerry Pinkas Real Estate Experts 843-839-9870. Unfortunately, your hometown lender is not going to have such a program but the lenders on. $805,449. At MortgageDepot, we have access to a program designed especially for our clients who want to own a piece of paradise. 2000 Hwy 17 S. Provided Horry County.