Beach House Golf & Racquet Club Listed for Sale

News Summary

The Beach House Golf & Racquet Club in Myrtle Beach is up for sale at $700,000 after closing due to safety concerns. The future of the resort remains uncertain following internal communications about a potential permanent shutdown. With costly repairs estimated at $3 million, only 20% of timeshare owners are current on fees, leading to frustrations and potential deed relinquishments among owners. The management company has not provided updates, leaving the community grappling with the resort’s future.

Myrtle Beach, SC – The Beach House Golf & Racquet Club, an oceanfront timeshare resort in Myrtle Beach, has been listed for sale for $700,000. The property, which has been closed for nearly a year due to safety concerns, is available on a commercial property site. The resort’s website confirms the closure and states that it is not accepting reservations, with the premises remaining inaccessible.

The Beach House Golf & Racquet Club features all units with oceanfront views and offers extended-stay style amenities across a building that spans 29,422 square feet. However, its future remains uncertain as timeshare owners have been informed of a potential permanent shutdown after more than 40 years of operation. Internal communications have indicated that it may cost roughly $3 million to repair and reopen the facility.

Horry County property records show that the last recorded sale of the resort took place on December 31, 1969. Due to structural issues that prompted the closure in July of the previous year, the resort has faced a steep decline in the number of owners who are current on their fees; only 20% of owners are in good standing. In an effort to alleviate their financial burden, some timeshare owners have opted to either relinquish their deeds for a nominal fee of $250 or transfer them to another hotel.

In recent communication to timeshare owners, a letter indicated a potential vote regarding the shutdown process, although many have expressed frustration over the lack of information since the initial notice was received in June. Owners have reported no subsequent updates on developments regarding the vote or the resort’s fate, heightening their concern about the future recovery of their investments.

The management company, Capital Vacations, has declined to comment on the situation or provide further clarifications regarding the resort. Serious doubts about the ability to raise the required funds for renovations have emerged, particularly given the significant number of owners who are not in good standing. This situation has left many owners feeling disillusioned and disappointed, with some describing the offers they received for their deeds as inadequate.

As potential buyers consider the property, they must navigate a complex landscape marked by unresolved issues and the uncertain future of the Beach House Golf & Racquet Club. The resort’s storied history and its role within the community had previously made it a popular destination. However, the recent developments pose significant challenges not only for potential investors but for current timeshare owners as well.

As the property remains on the market, further developments are anticipated in the coming weeks, especially regarding negotiations or plans for the future. The closing of the Beach House Golf & Racquet Club marks not just the end of a local landmark for many vacationers but highlights larger struggles within the timeshare industry, particularly in dealing with unforeseen structural challenges and management issues.

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Additional Resources

• MyrtleBeachOnline
• Wikipedia
• WMBF News
• Google Search: Beach House Golf & Racquet Club
• WPDE News
• Google Scholar: Myrtle Beach Timeshare
• Horry News
• Encyclopedia Britannica: Timeshare Resorts
• 425 Business
• 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.