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North Myrtle Beach Water Park Plans Developing

by The Jerry Pinkas Team

A new water park is on the way for North Strand visitors and residents. The North Myrtle Beach city council approved the design for a new water park -- to be located at the new sports complex -- that will open in 2014.

Pat Dowling, spokeswoman for the City, indicated that the council gave approval to the design in June and is currently negotiating a land lease agreement with independent developers who plan to build the facility. Dowling was not certain when the lease contract would head to the council for its approval but said the city is interested in fast progress so that the sports complex and waterpark can open at the same time.

According to the plan for the new water park’s opening in summer of 2014, it will have around ten different attractions including a wave pool, slides and a lazy river. The plan also calls for additional rides to be opened in 2016, plus the park operator has indicated that, every few years, certain features will change.

This is exciting news for North Myrtle Beach Condos and leaders in the city have indicated their hopes that the combined draw of the water park and sports complex will deliver economic benefits year-round. Pat Dowling added that the waterpark could play an important role in drawing teams who are considering holding competitions at the North Myrtle Beach Sports Complex.

Prices at the new (and still unnamed) waterpark are expected to be similar to Myrtle Waves in central Myrtle Beach and Wild Water and Wheels in Surfside Beach. As it stands now, other than at resorts, North Strand residents and visitors must head south to find a water park. “Myrtle Waves and Wild Water and Wheels are great facilities,” said Pat Dowling, “but if you’re here [in North Myrtle Beach Condos] trying to get there it’s not much fun in the middle of summer traffic.”

Marc Jordan, president of the North Myrtle Beach Chamber of Commerce, expressed his hope that the opportunity to stay on the north end of town will keep some customers in the city. According to Jorkan, “We’re sending hundreds of thousands of people to other parts of the Grand Strand. We’re building on each other’s economy, but if we can keep them here we’ll want to do that. Folks are always going to drive to Myrtle Beach and Murrells Inlet or Georgetown, but this is a positive for North Myrtle Beach Condos.”

The lease for the waterpark reserves a five to seven acre area behind the ampitheater, at the bottom. The facility is expected to cost $26 million to be located at the back of the complex, near the soccer fields, will probably include provisions for the city to run the park if the developers default on the project. However, research done by the city, the developer, and by an outside expert suggest that this outcome is not expected. Nevertheless, there is concern by some considering the failed Hard Rock Park which was located in the Fantasy Harbour area.

Besides the cost of the land lease, the city of North Myrtle Beach Condos would earn a percentage of the profits expected to total around $300,000 yearly.

Myrtle Beach Real Estate Report

by The Jerry Pinkas Team

Myrtle Beach Real Estate Report

When is the right time to buy property in Myrtle Beach?

Whenever you are ready! If you are ready or almost ready consider this:

Here are a few good reasons to buy property in Myrtle Beach:

1.    You love Myrtle Beach!

2.   Prices are the Lowest they’ve been in Years

3.   Historic Low Interest Rates

4.   Short Sales and Foreclosures are on the Rise

5.   Mortgage Payments are Cheaper than Renting

6.   You Can Afford Your Dream Home

7.   Have You Sold Your Home in Another State? – Have Equity?

How can I tell if a Myrtle Beach property listed for sale is a short sale or a foreclosure?

This information is included and required to be disclosed on the property listing provided by the MLS.

What is a Myrtle Beach short sale?

Generally, a "short sale" occurs when the owner owes more to the lender than the property is listed for. The lender and seller agree the proceeds from the sale would be “short” of the amount to repay the loan.

Is a short sale or foreclosure more complicated to purchase?

Slightly; short sales and foreclosures are more complicated and require patience. Buyers should consider the value of a local Realtor® experienced in these transactions.  Foreclosures are owned by the Lenders and generally move faster to settlement than Short Sales. The Seller in a Short Sale must prove financial hardship to their Lender.

How are condos listed and priced in Myrtle Beach?

Myrtle Beach condos, generally speaking, are priced according to their location, size and condition at what the Market will support.

Can I get a mortgage in any condominium building?

Mortgages for condominiums are more complicated than obtaining a primary mortgage.  Ask your agent for details.

Is all the condo furniture included in the sale?

Most condominiums in Myrtle Beach are sold "turn-key” – with all furniture, decorations, TV’s, kitchen appliances and utensils, window treatments, etc. included.  However, exclusions are possible. Conveying furnished is the normal procedure.

Can I rent my condo later if I want?

Generally, you are free to rent out your own condo anytime. There are very few condos in Myrtle Beach that restrict or prohibit rentals. There are numerous Rental Agencies to choose from in Myrtle Beach. Most condo rental will occur on a weekly or mini week basis during the summer months of June through September. Myrtle Beach is considered a vacation resort town, but year round and seasonal rentals are also possible. I am not a rental agent but I can refer you to rental agents here in town for more information. I recommend speaking to a qualified rental agent to learn the requirements to rent including Town license, and commission plus cleaning fees.

Who gets the rent?

Normally, the buyer at settlement gets the rent monies booked for the current or upcoming season, including deposits, depending on when you settle. Buyers are at a financial advantage when purchasing a booked rental condo prior to the season. Listings will indicate if booked rentals must be honored. Rental agencies will charge the owner a percentage fee to handle the rental management of your condo. Owner is responsible for utilities, cleaning, maintenance, and repairs inside the condo.

Do I need insurance?

A large portion of the “condo fees” on the property listing covers the insurance to replace the condominium building under certain circumstances. No mortgage is possible without it as Myrtle Beach is in a floodplain. This Condominium insurance does not cover the interior of the unit.  It is the individual condo owner’s responsibility to carry insurance for the unit’s interior; however it is not required. If you are renting, it is a good idea to carry insurance which will also include coverage for liability and/or damages from rentals. Many rental agencies now require the renters to purchase a rental policy that protects the condo owner-ask your rental agent about this.

If you are interested in selling a Myrtle Beach Condo or Home or investing in a Myrtle Beach Oceanfront vacation condo, call Jerry at 843-839-9870 

Coastal Grand Mall is Set for Expansion

by The Jerry Pinkas Team

Myrtle Beach’s Coastal Grand Mall is set for expansion! The mall currently offers more than 100 retailers and eateries including JCPenney, Bed Bath & Beyond, Old Navy and Belk, and the upcoming expansion will see a 9,610-square-foot strip development. Although details have yet to be completely announced, it will include a restaurant with an outdoor patio in addition to a couple of additional tenants, which will presumably be retailers.

According to plans given to the city of Myrtle Beach that are currently under review, the new strip center will be constructed behind Red Robin restaurant where Coastal Grand Circle and Oak Forest Lane intersect.

Mall officials referred inquiries to the developer Burroughs & Chapin Co. Inc, but details – including the names of the new tenants and the project’s opening date – are still unknown as Burroughs & Chapin Co. Inc. declined to comment. Lei Gainer, a spokeswoman for the developer, said the company is not to comment on “pending contractual matters.”

However, plans for the shopping-and-dining center have been submitted to the city of Myrtle Beach for approval.

On August 2, the Myrtle Beach Community Appearance Board approved two different parts of the project, namely the building’s exact location and its aesthetics, but it asked Burroughs & Chapin to make some changes to the landscaping plan and to reappear before the Board prior to granting final approval. These steps are necessary before the project can begin.

When completed, it looks like the Coastal Grand Mall is going to have some very attractive new offerings for both residents and visitors. Stay tuned!

Broadway at the Beach

by The Jerry Pinkas Team

Located in the heart of Myrtle Beach, Broadway at the Beach is a popular destination for tourists and locals looking for a day of entertainment or a good meal after a hard day of surfing and playing on the beach. Broadway at the Beach features world-class attractions, fine dining, shopping, a popular nightlife scene, and accommodations for the whole family.

Attractions

Surrounded by Lake Broadway, Broadway at the Beach offers an array of popular attractions like the world class Ripley’s Aquarium – home to a 750,000 gallon shark tank, dive shows, and Discovery Center. Enjoy an evening of world-class entertainment while you take in a show at the Palace Theatre. Many international touring companies make stops at the Palace Theatre and families enjoy Broadway-style theater productions and adrenaline-filled shows featuring daredevils and spectacular stunts. The Pavilion Nostalgia Park offers thrill rides and popular vintage rides like the teacups along with a historic carousel.

Shopping

Stroll along the popular New England and Caribbean-themed waterfront shopping centers while picking up gifts, fine jewelry, clothing and more. Stop by The Silver Shack after a fun day at the aquarium for contemporary Scandinavian designs and sterling jewelry. Buy beach accessories and toys or a kite to fly for a day at the beach at Klig’s Kites or step into the Mole Hole for unique gifts and collectibles.

Dining

After a day of shopping or playing at theme parks, head to one of the many fine dining establishments for a romantic meal for two or dinner at one of the many family-style restaurants. There’s Landry’s Seafood House for fresh locally-caught fish and Creole-style lobsters, or Key West Grill for steaks and seafood. Kids and families will enjoy a meal at Planet Hollywood or the Hard Rock Café Myrtle Beach with its pyramid themed restaurant. Stop in for ice cream at Ben & Jerry’s.

Nightlife

The drinks are cold and the nightlife is sizzling at Broadway at the Beach’s Celebrity Square. This New Orleans-style square hosts some of the best nightlife Myrtle Beach has to offer. Enjoy singing waiters and Mexican fare at Carlos’ n Charlie’s or takes a step back into the 1970s at Revolutions. Dance the night away at Malibu Surf Bar or enjoy a famous margarita at Wet Willie’s while taking in a game on the big screen TVs.

Jerry Pinkas Books

by The Jerry Pinkas Team

Jerry Pinkas Books 

Best-selling author Jerry Pinkas goes in depth with his latest Jerry Pinkas Book, to reveal the secrets to buying beach real estate and getting the deal of the decade in Myrtle Beach, South Carolina.

Read this book to find out…..

  • Why Right Now Is the Time to Buy.
  • How to find the Very Best Deals, with Strategies designed specifically for Today’s Market.
  • How to Magnetically Attract the Sellers so they accept your offers.
  • How to Massively Increase the cash flow on your rental properties.
  • And Much, Much, More!

Jerry Pinkas Author:

Jerry Pinkas, truth-telling author of the popular Insider Secrets to Beach Real Estate books, nationally known real estate expert, investor, trusted advisor, consultant and coach to thousands of private entrepreneurial clients, shares his personal knowledge by teaching buyers & sellers the Inside Secrets to Myrtle Beach Real Estate in South Carolina!  Leader in the real estate information industry with products including books, home study course and online courses. His highly respected team, Jerry Pinkas Real Estate Experts, was recognized as one of the top 250 real estate teams in the nation by the Wall Street Journal and Real Trends Reports.  Jerry, having over twenty-eight years of experience investing in real estate, works hard constantly refining the process of buying and selling property. Obsessed with marketing and improving very efficient systems, Jerry is always eager to give the insights, tips and secrets to his clients during their real estate buying and selling process.  

 

***Don’t forget to visit our product section on our website to get your Jerry Pinkas Books today! ***

Apache Pier

by The Jerry Pinkas Team

Boasting the east coast’s longest wooden pier, The Apache Pier along the Grand Strand in Myrtle Beach, South Carolina is a popular summer destination for tourists and locals and is a hub of fishing and entertainment for the whole family.

Open 365 days a year, Apache Pier offers a breathtaking view of the morning sunrise and hosts a variety of summer entertainment actives including live music, dances, and karaoke. Bring the family to one of the many fish-fries and kids’ activities, or take part in the pool games and fishing tournaments.

Start your morning along Apache Pier with a scenic tour of the Atlantic or spend the day fishing for flounder, Spanish mackerel and pinfish. Enjoy locally caught shrimp and seafood at Croakers at the Pier or one of the many fine restaurants nearby.

Spend a week or weekend at the Apache Pier Campground which offers clean and affordable camping and RV spaces and amenities like a well-stocked bait and tackle shop and world-class video game arcade along the scenic Grand Strand. There are also laundry facilities and convenience stores for those items you forgot to bring along. The whole family will enjoy the swimming pool, playground, basketball court and horseshoe pits without having to leave the campground. Looking to stay for a while? The Apache Pier Campground offers Leisure Living Units for rent on a weekly basis for those who prefer to travel without a mobile home. There are also camping units for sale for those with double-wide or single-wide mobile home units.

For those looking for a Sunday morning prayer service and reflection, the Apache Pier offers year-round non-denominational services at 9:00 a.m. and services for baptisms, memorials and renewal of vows or community events.

The Apache Pier is centrally located along Myrtle Beach near many star attractions like Ripley’s Aquarium and Pirates Voyage. At night, take in a show at the Palace Theater which offers a variety of entertainment options like music, dance troupes and evenings of stand-up comedy. NASCAR enthusiasts can spend day at the races at the SpeedPark or take in a round of golf one of the area’s famous golf courses.

Whether you are in Myrtle Beach for work or play, the Apache Pier offers the best recreational opportunities in the area, all within walking distance from the pier!

Displaying blog entries 1-6 of 6

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