News Summary
The Beach House Golf and Racquet Club in Myrtle Beach faces an auction due to its two-year closure linked to construction issues. With a starting bid of $700,000, former timeshare owners express mixed emotions about the sale. Many have cherished memories tied to the property and hope the sale can bring about new beginnings while clearing debts. A new management company may help reimagine the property post-sale.
Myrtle Beach Property Set to Go Under the Hammer Amid Timeshare Woes
In the sunny coastal town of Myrtle Beach, South Carolina, the Beach House Golf and Racquet Club is gearing up for an exciting auction after facing some serious challenges over the past couple of years. This popular vacation spot, which has been a favorite among many families for decades, was abruptly closed nearly two years ago due to construction problems. Now, it’s officially up for grabs, and the starting bid has been set at $700,000, a fraction of the estimated $3 million that is believed to be required for the necessary repairs.
A Sudden Shutdown
The abrupt closure came as a shock to many, especially the timeshare owners who had invested their hearts and wallets into creating lifelong memories at the Beach House. With the closure, the timeshare program was swiftly terminated, leaving owners scrambling for options. They were given a few choices: they could take a $250 buyout, transfer their deeds to other properties, or even vote on the future of the resort.
Tough Decisions Ahead
In March, a majority of the timeshare owners took a pivotal step by voting to sell the property rather than looking for ways to keep it afloat. This decision reflects the sentiment among many who have cherished their visits to this beloved spot. A recent letter sent to timeshare owners laid out the plan: once the property sells, all outstanding debts will be cleared, and any profits made after those payments will be divided among current maintenance fee contributors. This kind of news is a rollercoaster ride of emotions for many who consider the beach their second home.
Heartfelt Memories
The tales of heartbreak do not go unnoticed. Cindy and Glen Caeele, who have been vacationing at the Beach House for an impressive 30 years, shared how devastating the closure has been for their family. To them, the resort was not just a place; it was a tapestry of family traditions and memories woven together over the years. They’ve been left feeling a bit bitter, as all those special moments seem to be stripped away with the closing of the resort.
Another family feeling the weight of this situation is Sheila Franklin’s. With her family boasting 40 years of memories at the Beach House, they are now anxiously waiting for the auction’s outcome. There is hope that the sale will yield some profit, which could help them continue their vacation traditions in some form. For Sheila, being a deed owner conveyed a deep sense of connection to a place that has played such a vital role in their family life.
A New Chapter Ahead
As the auction date approaches, a new management company that took over the property in October is handling the sale. Their involvement introduces a fresh perspective and renewed hopes that the Beach House may one day reemerge larger and better than before, whether in its current form or a reimagined one.
The upcoming auction not only represents a potential new chapter for the property but also brings about mixed feelings for those who have made meaningful memories there. As the property prepares to hit the auction block, everyone involved will be watching closely to see how this story unfolds, what the future holds, and the legacies that will continue at the Beach House.
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Additional Resources
- WMBF News: Timeshare Owners React to Closed Resort
- Observer Today: Come to the Table for CASA
- GoCCUSports: Coastal Baseball Online Auction
- Myrtle Beach Online: Golf Article
- GolfPass: Youth on Course Auction
- Wikipedia: Myrtle Beach
- Google Search: Myrtle Beach timeshare
- Google Scholar: Timeshare Owners Auction
- Encyclopedia Britannica: Timeshare
- Google News: Myrtle Beach Auction
