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Multifamily

Sandcastle South Condos

2207 S Ocean Blvd, Myrtle Beach, SC 29577

Listing Price: $16,500,000

Cap Rate
8.15%
Number of Units
165
GRM
5.46
Occupancy
95.0%
Price/Unit
$100,000

Investment Overview

Marcus & Millichap is pleased to present Sandcastle South, a premier oceanfront condo-to-apartment conversion opportunity with retail and hospitality infrastructure located at 2207 S Ocean Boulevard in the heart of Myrtle Beach, South Carolina. This resort-style asset offers a rare chance to reposition a hospitality-focused property into a stabilized multifamily or extended-stay rental investment in one of the Southeast’s most visited beach destinations. The property features an array of resort-style amenities, including multiple pools, hot tubs, and a lazy river, signifcantly boosting its long-term rental appeal. Sandcastle South’s direct beachfront location is further complemented by its proximity to Myrtle Beach’s top demand drivers, just 1.8 miles from Broadway at the Beach and 4.4 miles from Myrtle Beach International Airport. With existing ground-level retail and hospitality infrastructure already in place, the asset offers immediate operational potential and long-term value through strategic repositioning.

Investment Highlights

  • Oceanfront Condo-to-Apartment Conversion Opportunity in Myrtle Beach, South Carolina
  • Includes Ground-Level Retail and Existing Hospitality Infrastructure for Flexible
  • Repositioning Resort-Style Amenities Including Pools, Hot Tubs, and Lazy River
  • Prime Coastal Location Along S Ocean Boulevard with Strong Year-Round Demand
  • Just 1.8 Miles From Broadway at the Beach and 4.4 Miles from Myrtle Beach International Airport
  • Significant Upside Through Long-Term Rental Strategy and Asset Modernization

Exclusively Listed By

Financing By

Multifamily

Sandcastle South Condos

Listing Price: $16,500,000

Cap Rate
8.15%
Number of Units
165
GRM
5.46
Occupancy
95.0%
Price/Unit
$100,000

Investment Highlights

  • Oceanfront Condo-to-Apartment Conversion Opportunity in Myrtle Beach, South Carolina
  • Includes Ground-Level Retail and Existing Hospitality Infrastructure for Flexible
  • Repositioning Resort-Style Amenities Including Pools, Hot Tubs, and Lazy River
  • Prime Coastal Location Along S Ocean Boulevard with Strong Year-Round Demand
  • Just 1.8 Miles From Broadway at the Beach and 4.4 Miles from Myrtle Beach International Airport
  • Significant Upside Through Long-Term Rental Strategy and Asset Modernization

Investment Overview

Marcus & Millichap is pleased to present Sandcastle South, a premier oceanfront condo-to-apartment conversion opportunity with retail and hospitality infrastructure located at 2207 S Ocean Boulevard in the heart of Myrtle Beach, South Carolina. This resort-style asset offers a rare chance to reposition a hospitality-focused property into a stabilized multifamily or extended-stay rental investment in one of the Southeast’s most visited beach destinations. The property features an array of resort-style amenities, including multiple pools, hot tubs, and a lazy river, signifcantly boosting its long-term rental appeal. Sandcastle South’s direct beachfront location is further complemented by its proximity to Myrtle Beach’s top demand drivers, just 1.8 miles from Broadway at the Beach and 4.4 miles from Myrtle Beach International Airport. With existing ground-level retail and hospitality infrastructure already in place, the asset offers immediate operational potential and long-term value through strategic repositioning.

Exclusively Listed By

Financing By

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