Myrtle Beach Real Estate by Mirela Monte

Myrtle Beach Oceanfront Condos-January 2008 Sales:

There are currently 2,699 Oceanfront condos available for sale in the Myrtle Beach Area, also known as "The Grand Strand Area" (aptly named for its 26 miles of Beach).

Only 42 Oceanfront Condos were sold between January 1, 2008 and January 31, 2008. That means that only 1.56% of available inventory was sold during the month of January 2008.

Available Oceanfront Condos:

The least expensive condo available for sale is priced at $ 75,000. It is a furnished efficiency unit located at Landmark Resort. It is a short sale.

The least expensive 1BR/1BA unit is priced at $ 87,000. It is a 550 sq. ft, fully furnished unit, located on the 6-th floor of the Bluewater Resort.

The cheapest 2BR/2BA unit is priced at $ 149,900. It is a third floor walk up in a 21 year old building at Myrtle Beach Resort. It is fully furnished and measures at 800 sq. ft.

The most affordable 3BR/2BA unit is priced at $ 269,900. It is a 17-th floor, fully furnished unit at Sand Dunes. It garnered $ 31,283 in gross rental income in 2006.

The least expensive 4BR/3BA unit is a 1,750 sq. ft, fully furnished unit located on the 4-th floor at the Ocean Bay Club. It is priced at $ 429,900.

Sold Oceanfront Condos:

$ 70,000 marked the lowest price oceanfront condo transacted in January, 2008. It was a fully furnished efficiency unit, under 400 sq. ft, located on the 7-th floor at Landmark Resort.

$ 1,050,000 was the price of the most expensive oceanfront condo transacted during January. It was a 3BR/3BA, 3,000 sq. ft, fully furnished unit located on the 17-th floor of the ritzy Margate Tower.

The cheapest price for a 1BR/1BA unit sold during January was $ 140,000. It was a 787 sq. ft., fully furnished unit on the 3-rd floor at the Pinnacle.

The least expensive 2BR/2BA unit sold was $ 167,500 for a 908 sq. ft., fully furnished unit on the 8-th floor at the Renaissance Tower.

The cheapest price on a 3BR/2BA oceanfront condo sold in during January in the Myrtle Beach area was $ 330,000. It was a 1,150 sq. ft, fully furnished unit located on the 6-th floor at the Ocean Reef South Tower, a 4 yr. old building. It was originally priced at $ 469,900 when it was first offered for sale in June 2007.

Nothing larger than a three bedroom unit was sold during January.

Myrtle Beach Condos by Mirela Monte

http://www.myrtlebeachhomes.us/

Long Bay Subdivision, Longs, SC

Located on Hwy. 9, going towards Loris, Long Bay is both a top of the line Jack Nicklaus golf course and a five star subdivision of fine, mostly brick, custom homes.

Only 15 minutes driving distance to the Beach, Long Bay has that high end look and feel. Sprawling estates, verdant lawns and lovely landscapes, with an occasional oasis of wetlands and several lakes, this is the place to call home if you want that high end look and feel without the sticker shock.

You can still settle into a beautiful home for under $ 300K. There are currently 24 homes available for sale within Long Bay with prices varying between $ 256,900 and $ 674,900.

A Gorgeous Clubhouse, a fine golf course, a community pool, close proximity to both Loris and North Myrtle Beach, this is fine subdivision to call home!

History:

Year Nr. Of Sales: Price Range: Heated Sq.Ft: Total Sq. Ft:

2007 9 $ 345,000-$540,000 2,250-3,300sq.ft 2,800-4,100sq.ft.

2006 8 $ 310,000-$440,000 1,901-3,505sq.ft. 2,400-4,200sq.ft.

2005 20 $ 165,000-$385,000 1,500-2,900sq.ft 1,931-3,600sq.ft.

2004 13 $ 185,000-350,000 1,700-3,007sq.ft 2,200-3,557sq.ft

Available Homes:

2008 24 $ 256,900-674,900 1,500-3,600sq.ft 2,000-4,100sq.ft

Long Bay Homes

Your Myrtle Beach Real Estate Connection, Mirela Monte

www.MyrtleBeachHomes.US

Shalimar, is a twenty year old, concrete and steel, oceanfront project located at 2908 N. Ocean Blvd. in Cherry Grove, North Myrtle Beach, SC 29582.

It is well maintained and has a great location within walking distance of Sea Mountain Highway, the main thoroughfare of Cherry Grove Beach.

Shalimar is a one solid tower located right on the sand, comprised of two and three bedroom units with great views of the Atlantic. It has an in ground pool. A three bedroom unit at Shalimar was selling for $ 89,500 in 2002. Here is a history of all MLS activity at Shalimar since 2004:

2004 two 3BR/2BA units sold $ 225,000-$ 299,900

2005 three 3BR/2BA units sold $ 405,900-$ 440,000

2006 two 3BR/2BA units sold $ 468,000-$ 469,000

2007 zero units sold

2008 zero units sold

2008 one 3BR/2BA unit available $ 399,000

As you can see, the prices topped in 2006, which is a good reflection of what our oceanfront market did here in the entire Grand Strand area known as Myrtle Beach.

When dealing in Oceanfront Property, you need to ask a lot of hard questions. Obtain and read the Master Deed, the CC&R's, The Budget, the minutes to the latest two annual meetings, the Master Insurance Policy. Find out what the rental income is, the taxes, insurance, etc. Hire an inspector to conduct a thorough inspection. Cross your T's, dot your I's, or just hire me and I'll take care of it all. No surprises, just a smooth, flawless transaction.

Mirela Monte, Your Oceanfront Expert

http://www.myrtlebeachhomes.us/

Surprise her this Valentine's Day with more than a dozen roses: give her the Valentine's Day gift of a lifetime: her very own oceanfront condo!

Your Realtor (ME), can play Cupid and have rose petals strewn about your oceanfront bedroom. Champagne on ice and everything naughty and nice for you and your sweetheart, in your very own Myrtle Beach Oceanfront Condo!

Valentine's Day in Myrtle Beach... Good idea!

Valentine's Day in your very own Oceanfront Condo in Myrtle Beach... Superb idea!

Let's get to work on this! With over 2,638 oceanfront condos currently for sale, and prices starting at only $ 75,000, now is the time to buy! For the asking price of only $ 76,900 you can have a top of the line condo at Landmark Resort, a Water themed oceanfront project with 15 Pools and a Water park. In the last three months we've seen sale prices as low as $ 69,000 on oceanfront condos. $ 69,000 garnered a nice efficiency (studio apartment) at Baywatch Resort. Those efficiencies bring in a hefty $ 15,000 per year. Not too shabby... Now you see why this is also a sensible gift for your Valentine, one that will keep giving long after the romantic weekend is but a memory, albeit one that you can recreate again and again, every time you come down and visit...

An efficiency is too small for you to chase your Sweetheart around in? Not a problem! In the past three months, one bedroom oceanfront units have sold for as little as $ 122,000. Still not big enough for you? Two bedroom units have sold for $ 167,000, and I've got one for sale right now, where the asking price is only $ 169,900, but the bank might take considerably less.... Yes, it's a short sale, and yes, some of the other great deals are short sales also, but we also have a plethora of "motivated sellers"...

If you pay cash, we could be closed by Valentine's Day. So what do you think about this idea?

Myrtle Beach Homes by Mirela Monte

http://www.myrtlebeachhomes.us/

Tombstone Inscriptions For:

The Hypochondriac: "I told you I was sick!"

The man who had AIDS, syphilis, gonorrhea, and herpes: "Here lies an incurable romantic"

My tombstone: "I'm not ready yet, there is so much more to know"

The perpetually tardy: "Sorry I was late..."

The Gambler: "I bet you'll end up here too."

The Realtor: "I got a good deal on this lot."

The Attorney: "I'll sue you in Hell!"

The Perpetual Optimist: "See you soon!"

This is where you add your own: ______________________. Please contribute to this blog!

I got the idea of this blog recently, upon visiting my 95 year old grandmother at her nursing home. She is so cute! Only about 4 ft. tall now (she's been shrinking), with her bright and inquisitive green eyes, she still has that unique innocence of youth. She was lamenting about how she didn't want to die because she would miss us too much. All of a sudden, her face lit up as she exclaimed: "I know what: let's all die together!"

...She means well....

Your Myrtle Beach Real Estate Connection, Mirela Monte

www.MyrtleBeachHomes.us