Why Invest in Oceanfront Real Estate in Myrtle Beach?
Oceanfront real estate in Myrtle Beach can be a lucrative investment opportunity. Myrtle Beach is widely known as one of the top beach vacation destinations in the United States with more than 15 million visitors annually. Less widely known is that beachfront home prices in the Myrtle Beach area can be significantly less expensive than beachfront home prices in other markets along the east coast.
Most buyers who invest in oceanfront property do so for two reasons: as a personal family vacation home or as a rental property for vacation rentals – or a combination of both. With oceanfront vacation property rental rates of at least $2,000 per week and up during tourist season, many investors choose to rent out their oceanfront properties when not using them personally. Partnering with a real estate firm or property management company specializing in vacation rentals takes the headache out of the ins and outs of managing a rental property, making a vacation rental investment less stressful than some other rental property investments.
Oceanfront real estate property in Myrtle Beach provides more than just breathtaking views of the Atlantic Ocean – it provides an ideal opportunity for investors. Lower real estate prices compared to other coastal areas paired with the large and reliable annual influx of tourists seeking vacation lodging equal a steady flow of rental revenue at a lower cost of entry for investors.