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Waikiki Village Retro Motel 1500 S Ocean Blvd 48 Room Hotel Myrtle Beach, SC 29577 $5,450,000 ($113,542/Room)
Executive Summary
Originally built in 1963 as the iconic Waikiki Village beachside hotel, The Edge Apartments has been thoughtfully reimagined in 2025 into a unique mid-century modern apartment community just steps from the ocean at 1500 S Ocean Blvd. The Edge feature 41 apartment units. This fully renovated property blends historic coastal charm with modern comfort, offering full kitchens with oven/stove, dishwasher, microwave, and refrigerator/freezer combinations, high-speed WiFi throughout the property, and professionally designed interiors and common areas by renowned designer Tim McLendon, featured on HGTV and Southern Living. Residents enjoy cozy living spaces, a resort-style pool, courtyard grilling oasis, lounge and coworking areas, lush tropical landscaping with over 50 palm trees, and convenient on-site parking. Unlike traditional short-term rental properties, The Edge is designed as a true long-term residential community where residents enjoy a connected coastal lifestyle in the heart of Myrtle Beach, just minutes from dining, shopping, entertainment, golf, and the beach. A rare opportunity to own a piece of Myrtle Beach history reimagined for modern living.
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Property Facts
| Price | $5,450,000 | Building Size | 27,594 SF |
| Price Per Room | $113,542 | No. Rooms | 48 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1963/2019 |
| Property Subtype | Hotel | Parking Ratio | 1.45/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.79 AC | ||
| Zoning | MU-H | ||
| Price | $5,450,000 |
| Price Per Room | $113,542 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 27,594 SF |
| No. Rooms | 48 |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2019 |
| Parking Ratio | 1.45/1,000 SF |
| Corridor | Exterior |
| Zoning | MU-H |
Amenities
- Balcony
- Pool
- High Speed Internet Access
- Patio
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Hot Tub
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $126.00 | - |
| Guest Room | 46 | $111.00 | - |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Very bikeable
80/100
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Waikiki Village Retro Motel | 1500 S Ocean Blvd
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