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Sandcastle South Condos 2207 S Ocean Blvd 165 Unit Apartment Building $16,500,000 ($100,000/Unit) Myrtle Beach, SC 29577
INVESTMENT HIGHLIGHTS
- Oceanfront Condo-to-Apartment Conversion Opportunity in Myrtle Beach, South Carolina
- Repositioning Resort-Style Amenities Including Pools, Hot Tubs, and Lazy River
- Just 1.8 Miles From Broadway at the Beach and 4.4 Miles from Myrtle Beach International Airport
- Includes Ground-Level Retail and Existing Hospitality Infrastructure for Flexible
- Prime Coastal Location Along S Ocean Boulevard with Strong Year-Round Demand
- Significant Upside Through Long-Term Rental Strategy and Asset Modernization
EXECUTIVE SUMMARY
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, signi?cantly 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.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $16,500,000 | Building Class | C |
| Price Per Unit | $100,000 | Lot Size | 1.70 AC |
| Sale Type | Investment | Building Size | 146,284 SF |
| No. Units | 165 | No. Stories | 14 |
| Property Type | Multifamily | Year Built/Renovated | 1998/2007 |
| Property Subtype | Apartment | Parking Ratio | 6.53/1,000 SF |
| Apartment Style | Mid-Rise |
| Price | $16,500,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 165 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.70 AC |
| Building Size | 146,284 SF |
| No. Stories | 14 |
| Year Built/Renovated | 1998/2007 |
| Parking Ratio | 6.53/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Waterfront
- Cabana
- Furnished Units Available
- Grill
- On-Site Retail
- Elevator
- Lounge
- Multi Use Room
- Online Services
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 103 | - | 345 |
| 1+1 | 62 | - | 515 |
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Sandcastle South Condos | 2207 S Ocean Blvd
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