Myrtle Beach area STR

Investor · Wilmington, DE · Member since 2013 · 394 posts · 123 votes

Looking into a smaller sized unit, 2-3 bed condo. Which areas are better and get more weeks filled? Closer to beach or golf courses? Realistically, how many weeks could I expect to fill with a updated unit?

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Mike GrudzienPro Member

Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes

6mo

Run your numbers and cut them in half before you invest.

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Jason WrayPro Member
Banker · Nationwide · Member since 2020 · 2k+ posts · 1k+ votes
6mo
Cherry Grove and Ocean Drive be on the lookout for properties that are not "recent reno's" and need a little TLC to avoid buying at the Peak price. Some of the recent Reno homes are Maxed out and sitting at or above market value. This is easy to tell if you look at the sales history and see the house was purchase in the last 12-24 months at a low sale price and now jacked up ready for a spring/Summer Sale.
Recent Bank changes and lower rates are now allowing for investors to purchase and include renovations into the purchase even if the property is "Subjet to" to avoid HML and higher prices. Gives you a little more of a chance to hit that nice ARV and offer equity in 6-12 months if you plan on BRRR type method.
[email protected]727-637-4289
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John UnderwoodPro Member
Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
6mo
Search for a condo in Myrtle beach and you will see they are a dime a dozen.
I have rented one there several times for cheap because there are so many to choose from.
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- Ian Tyndall
  Investor · VA AZ, SC · Member since 2017 · 173 posts · 172 votes
  6mo
  Quote from @John Underwood:
  
  Search for a condo in Myrtle beach and you will see they are a dime a dozen.
  I have rented one there several times for cheap because there are so many to choose from.
  
  John, if you come to Myrtle Beach with a larger group, hit me up! Golf cart included 😀
  2 Reply
- John UnderwoodPro Member
  Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
  6mo
  Quote from @Ian Tyndall:
  
  Quote from @John Underwood:
  
  Search for a condo in Myrtle beach and you will see they are a dime a dozen.
  I have rented one there several times for cheap because there are so many to choose from.
  
  John, if you come to Myrtle Beach with a larger group, hit me up! Golf cart included 😀
  
  Please send me info. We were thinking about a beach trip after Labor day.
  0 Reply
Mike GrudzienPro Member
Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
6mo
Run your numbers and cut them in half before you invest.
2 Reply
Andrew SteffensBusiness Member
Tampa, FL · Member since 2022 · 4k+ posts · 3k+ votes
6mo
I would recommend joining a local host Facebook group and speak with the day in and day out operators to see how they are doing and emulating those finding success.
[email protected]813-563-0877
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Eric Armstrong
OP
Investor · Wilmington, DE · Member since 2013 · 394 posts · 123 votes
6mo
@Ian Tyndall message me a link for the rental. Looking for a group golf trip. Thx.
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Derek D.
Property Manager · Old Orchard Beach, ME · Member since 2015 · 108 posts · 11 votes
6mo
Hey @Eric Armstrong,

In Myrtle Beach, you can realistically expect 30–35 weeks of solid occupancy for an updated 2-3 bedroom unit. Oceanfront properties usually hit higher occupancy during the peak summer weeks, but the operating costs are significantly steeper due to South Carolina’s 12.05% beach taxes and high insurance premiums.

Golf course units, particularly in areas like Barefoot Resort, actually tend to perform better in the 'shoulder' seasons. From January through March, you can often bridge the gap by booking 'Snowbirds'—seniors from the North looking for monthly stays. While the monthly rate is lower than a weekly summer rate, it keeps your occupancy closer to 100% during the off-season. If you go the oceanfront route, just be careful with financing; many of those buildings are classified as condo-tels, which require a much larger down payment and specialized lenders.

One benefit is that you will find (if you know where to look) that a lot of condo owners will offer owner financing which is also good to look into as well.
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Chizoba Ani
Virtual Assistant · Abuja, Nigeria | Remote · Member since 2026 · 75 posts · 28 votes
6mo
As an STR arbitrage property finder and analyzer, I will lean closer to the beach over golf-course areas. Beach access consistently drives higher occupancy and nightly rates because it appeals to a wider range of guests, not just golfers.I also recommend:Joining local Facebook groups to understand the specific market and regulations , running proper analysis using tools like AirDNA or an STR spreadsheet, checking similar listings on Airbnb to see how they're performing (pricing, occupancy, reviews)

That will give you a clearer picture before making a decision. Best wishes!
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Myrtle Mike ThompsonBusiness Member
Realtor · Myrtle Beach, SC · Member since 2016 · 352 posts · 204 votes
5mo
@Eric Armstrong A good 2-bed oceanfront condo in Myrtle Beach can consistently generate $45-$50k+ in annual gross revenue while your 2-bed golf course condos (such as at Barefoot) are going to cap at around $30-$35k. Even with the higher HOA fees, a beach unit is the better play, and pricing at many of the larger oceanfront resorts is down 12-15% over the past two years. It's a good time to buy. I just had a client close on a 3-bed oceanview unit for $293k and it should generate $60k per year gross income. Feel free to reach out if I could be of any assistance.
[email protected]843-999-2301
Myrtle Mike Real Estate581 Reviews
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Jacob D Adamczak
Charleston, SC · Member since 2018 · 182 posts · 73 votes
5mo
Eric,
If you have specific properties identified, Id be happy to run some revenue projections for you to help you pick the best ones that make the most sense for your ROI goals.
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