Homeowner FAQ

 

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.

The Myrtle Beach Resort boasts 24 hour security, four 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!

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.

Property taxes are based on the value of the Condo, which is typically determined by the purchase price.

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.

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 2019 are as follows:

Phase I Building A One Bedroom    385.00
    Two Bedroom    563.00
     
Phase II   Building B* One Bedroom    367.00
    Two bedroom    551.00

                                                               

 

 

 

* Building insurance paid separately through the HOA.

Phase III  Renaissance Tower Small Sun Suite 298.52
    Large Sun Suite 432.36
    One Bedroom 432.36
    Two Bedroom 566.20
    Grand and Ocean Front Two Bedroom 699.89
       
Phase IV Five Seasons Center One Bedroom 419.00
    Two bedroom 629.00

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.

Liability and content insurance coverage is the responsibility of the owner.

Each condo has its own central Heating and Air Conditioning system, which is the responsibility of the Homeowner.

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.

Rental Services are available through Myrtle Beach Resort Vacations for a percentage of Gross Rental Income. There are no other charges to the Homeowner for the Rental Service. We pay any Credit Card Discounts on average 3% and Travel Agents Commissions. We also pay 2% of our gross rental revenues which go back to the Home Owner's Association to keep dues lower. Cleaning, Linen Service, and Sales Taxes are the responsibility of the Guest. Rentals are disbursed to Homeowners monthly, all reservations are transparent to the owner through our owner portal.

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.