What and Where is The Myrtle Beach Resort?
The Myrtle Beach Resort is a gated 33-acre Ocean Front Condominium Resort, comprising four buildings and nearly 1000 Condos. It’s located at 5905 South Kings Highway, about two miles South of the Myrtle Beach City Limits.
What amenities are located on the property?
The Myrtle Beach Resort boasts 24 hour security, two lighted tennis courts, six swimming pools (two indoors), a 375-ft lazy river, Jacuzzis, steam baths, coin-operated guest laundry facilities, on-site food and beverage service, and over 700-ft of sandy beach!
How are the Condominiums furnished?
Each Condo is fully furnished, including all major appliances - stove-full sized refrigerator with ice maker, microwave - television – vacuum cleaner - and all necessary dinnerware and cookware, including small appliances - blenders, toasters, and coffee makers. Most have garbage disposals and dishwashers.
How much are the property taxes on a typical Condo?
Property taxes are based on the value of the Condo, which is typically determined by the purchase price.
How is the Property Protected?
The Myrtle Beach Resort is outside the City Limits of Myrtle Beach in Horry County. However, Police and Fire Protection are provided by both the Myrtle Beach and Surfside Police and Fire Departments as well as the Horry County Departments.
How much are the Homeowners Association Fees?
Each Building at The Myrtle Beach Resort is governed by a separate H.O.A. and there is a Master Board, with representatives from each Association, which governs the combined property. The H.O.A. Fees are set by the various Board of Directors. The Monthly Fees vary, depending on the size and location of the Condo. The Fees for the Year 2010 are as follows:
|Phase I||Building A||One Bedroom 356.00|
|Two Bedroom 522.00|
|Phase II||Building B*||One Bedroom 276.00|
|Two bedroom 400.00|
* Building insurance paid separately through the HOA.
|Phase III||Renaissance Tower||Small Sun Suite||236.00|
|Large Sun Suite||340.00|
|Grand and Ocean Front Two Bedroom||548.00|
|Phase IV||Five Seasons Center||One Bedroom||390.00|
What do the Homeowners Association Fees cover?
The Homeowner Association Fees cover Water, Sewer, Insurance on the Building, Maintenance of the Buildings and Grounds, Electricity for the Common Areas, Trash Collection, Pest Control, Management Fees, and support of the Master Association, which provides Telephones and Local Telephone Service, Televisions and TV Cable Service, and 24 Hour Security.
Does Each Homeowner have to carry Insurance?
Liability and content insurance coverage is the responsibility of the owner.
What about Heating and Air Conditioning?
Each condo has its own central Heating and Air Conditioning system, which is the responsibility of the Homeowner.
What about electricity?
Each Homeowner is responsible for his own Electric Bill. The amount of an Electric Bill depends on many factors including the size of the Condo and the weather. An average would be from $600 to $900 per year.
What Fee is charged by MBRV for Renting the Condo?
Rental Services are available through Myrtle Beach Resort Vacations for which we charge 30% of Gross Rental Income. There are no other charges to the Homeowner for the Rental Service. We pay any Credit Card Discounts or Travel Agents Commissions. Cleaning, Linen Service, and Sales Taxes are the responsibility of the Guest. Rentals are disbursed to Homeowners monthly, usually within a week of the time the Guest checks out.
What other costs are involved in ownership?
The only remaining cost is, of course, maintenance of the Condo. This includes repair or replacements of items, including furniture, furnishings, fixtures, equipment, and house wares, which become broken, worn out, or missing. Myrtle Beach Resort Vacations will look after these problems and bill the Homeowner, usually by deducting the costs from the Homeowner’s Rental Check.