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City of Myrtle Beach Director of Public Information Mark Kruea said that every 1,000 short-term rentals turned into long-term ones equals a loss of $5.7 million in direct economic impact.
An oceanfront condo perched between two high rises in North Myrtle Beach dubbed the “Bridge Penthouse,” just broke a record. The condo sold for $3,855,000, making it the most expensive condo ...
A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities and resorts. [ 1 ]
Consumers unfamiliar with the concept of a vacation rental property may confuse it with a timeshare property. Many timeshare resorts offer quarter ownership, which provides 13 weeks of use or rental. A timeshare can still be made available as a vacation rental should an owner decide to put his owned week(s) on a vacation rental program.
A timeshare (sometimes called a vacation ownership or vacation club) is a property with a divided form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each owner of the same accommodation is allotted their period of time.
Myrtle Beach is the largest principal city of the Myrtle Beach-Conway, SC Combined Statistical Area, which had an estimated population of 463,209 in 2023, [7] and includes the Myrtle Beach-Conway-North Myrtle Beach, SC Metropolitan Statistical Area (Horry County) and the Murrells Inlet, SC Micropolitan Statistical Area (Georgetown County). [30 ...