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For sale 8 days ago

$168,000

1 bd 1 ba 600 sqft

7200 N Ocean Blvd, Myrtle Beach, SC 29572

Residential SFR

Current Rent **

$10,000+

Projected Rent **

$10,000+

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Turnkey Oceanview STR in Myrtle Beach

PRICE REDUCED!! Welcome to your beach oasis at Grande Cayman Resort! This true 1-bedroom, 1-bath Oceanview condo comes Fully Furnished and has been tastefully updated. Just steps from the attached parking deck (convenient!), you'll be greeted by a comfortable King size bed and coastal colors that evoke a sense of calm and relaxation. Adjacent to the bedroom you'll find a galley-style kitchen with ample counter and cabinet space for all of your essential needs. With its clean lines and functional design, the bathroom is a practical yet stylish space. The living room of this unit is flooded with natural light, creating a bright and airy ambiance. One highlight of the living area is the private balcony, where you can enjoy your morning coffee while soaking in the salty air and taking in the views of the pool and the great blue Atlantic Ocean. With the Murphy bed and Queen size sleeper sofa, this unit can comfortably sleep up to 6 guests!

Grande Cayman offers a wealth of amenities for your enjoyment, including two outdoor pools, hot tub, tiki bar, and a large children's water play area complete with a waterslide. For indoor relaxation, there's an indoor pool, lazy river, and hot tub, along with a second kiddie play area. Sports enthusiasts can enjoy indoor chess, ping pong, and shuffleboard, while the rooftop mini-golf course offers a fun challenge for all. Grand Cayman has onsite laundry and fitness facilities, along with a restaurant and bar. Direct beach access makes beach days effortless, with lounge chairs provided for soaking up the sun. Additionally, there's a Starbucks onsite and River City Cafe is just next door.

This condo is a perfect choice for those seeking a primary residence, vacation home, or an income-producing investment property. The HOA fee is very economical and includes all of your utilities, including high speed internet, electricity in the unit, and even HO6 insurance for your contents/liability. For rentals, owners can use the onsite rental program, hire a third-party property manager, or self-manage (AirBNB/VRBO). Ask your agent for more details or reach out to the listing agent. With its prime location, amenities, and stunning ocean views, this unit offers the ultimate beach experience. Come check it out before it's gone!

Location:

7200 N Ocean Blvd, Myrtle Beach, SC 29572

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.