News Summary
An oceanfront apartment complex in Myrtle Beach, comprising 19 units, has hit the market for $1.75 million. Newly renovated, this property offers great investment opportunities in a thriving real estate scene. Initially sold for $1.3 million in 2021, the property is part of a larger trend as the area sees growing interest from buyers. With plans for sustainable workforce housing in the pipeline, Myrtle Beach real estate remains hot, appealing to both investors and future residents.
Exciting Opportunity in Myrtle Beach: Oceanfront Apartment Complex on the Market!
Have you heard the buzz about real estate in beautiful Myrtle Beach? The stunning apartment complex perched near the ocean has just hit the market, and it’s turning plenty of heads! Nestled at 505 28th Ave. North, this charming 19-unit gem is listed for the attractive price of $1.75 million on Zillow. With its prime beach location and a little sprinkle of renovation magic, this place is, without a doubt, the talk of the town.
A Blast from the Past
Built back in 1966, this complex has lasted the test of time and is ready for new owners to bring fresh ideas and a wave of excitement. If you’re looking for a solid investment in an area known for its tourist appeal and stunning coastline, this could be the perfect fit. The property was relisted on Zillow in November 2024 after an initial listing kept it under the $2 million mark in June 2024. It’s clear that the real estate market in this vibrant area is alive and kicking!
Renovations Galore!
Realtor Mike Green II has confirmed that the floors have been lovingly renovated, providing a fresh and inviting atmosphere for future residents. Who wouldn’t want to start their day with ocean waves just a stone’s throw away? The allure of this complex has attracted numerous prospective buyers, indicating that interest in oceanfront properties is still strong!
Valuable Investments
Taking a peek at Horry County Land Records reveals that this property was previously sold in 2021 for approximately $1.3 million. Considering its market value, which stands at over $1.1 million for the more than half-acre tract, it seems like a fairly priced opportunity for anyone with an eye for investment in this flourishing area.
The Bigger Picture
What’s more, this listing isn’t just a standalone feature in Myrtle Beach. It fits into a larger pattern where other apartment complexes and hotels nearby are also making their debut on the real estate market. Realtor Chance Leith recently noted a growing interest in acquiring independent hotels and mom-and-pop establishments, although the pace has slightly slowed. Nonetheless, the charm of these properties is undeniable!
Addressing Housing Needs
This bustling real estate scene coincides beautifully with ongoing talks among Myrtle Beach city officials focusing on housing solutions for workers commuting from outside the city. With the local economy thriving, they are seeking ways to ensure that essential workers–like police officers, firefighters, and school teachers–can find affordable housing within the community.
Plans for a Sustainable Future
Assistant City Manager Brian Tucker has indicated that there’s an exciting plan to establish sustained affordability through a community land trust. The goal? To create workforce housing that fills the income gap between 80% and 120% of the region’s median income. This is indeed a move that aims to keep the local talent where they belong!
Habitat for Humanity Steps In
A recent study conducted by Habitat for Humanity has further highlighted the needs of many individuals commuting to Myrtle Beach for work. It’s no wonder that the community is abuzz with discussions about new housing opportunities. With plans laid out for the next two years, there’s a promising outlook on developing new housing by 2026 to tackle the affordability issue head-on.
All Eyes on Myrtle Beach
As the sun continues to rise over this coastal city, the buzz surrounding exciting real estate opportunities and community plans is one everyone should keep an eye on! Whether you’re searching for a new home, a thoughtful investment, or simply curious about the real estate landscape, Myrtle Beach sure has something for everyone.
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Additional Resources
- Myrtle Beach Online: Local News
- Wikipedia: Myrtle Beach
- WPDE: Apartment Complex Approved
- Google Search: Affordable Housing Myrtle Beach
- ABC News 4: Workforce Housing
- Google Scholar: Myrtle Beach Real Estate
- WBTW: Apartment Shooting
- Encyclopedia Britannica: Myrtle Beach
- Post and Courier: Apartment File Christmas Day
- Google News: Myrtle Beach Real Estate
Author: STAFF HERE MYRTLE BEACH
The HERE Myrtle Beach Staff Writers are a collaborative team of journalists, editors, and local contributors passionate about delivering accurate, timely information to the Myrtle Beach community. As part of the HEREcity.com Network, which powers over 100 U.S. city sites including HEREcolumbia.com, our staff draws on collective experience in South Carolina journalism to cover everything from business sales and real estate developments to dining deals and community initiatives. Our Expertise and Background Local Roots in Myrtle Beach Our team includes lifelong Myrtle Beach residents and SC natives with deep knowledge of the area’s history, economy, and culture. We’ve covered key events like the recent developments along the Grand Strand, Myrtle Beach’s tourism and hospitality industry, and growth in local education sectors (e.g., Coastal Carolina University programs). Collective Experience With over 50 combined years in journalism, our staff has backgrounds in print, digital media, and community reporting. We prioritize fact-based stories, drawing from sources like the Myrtle Beach Area Chamber of Commerce, city government records, and on-the-ground interviews. Commitment to Quality Every article is a group effort, involving research, editing, and verification to ensure reliability. We adhere to journalistic standards, citing credible sources and updating content as new details emerge.
