Ocean Drive, South Carolina Real Estate
Ocean Drive, South Carolina is located near Myrtle Beach. It is close to shopping and the Ocean Drive Amusement Pavilion, which offers world-class restaurants and more than 90 championship golf courses.
There are approximately 13,000 residents living in Ocean Drive, South Carolina. The median age of residents is 45, making it a good choice for Baby Boomers and soon-to-be retirees.
Ocean Drive offers a wide range of real estate. Whether you are looking to make Ocean Drive your home, or want to spend a week or two, chances are that you can locate property suitable for your needs.
The average price for real estate in Ocean Drive is approximately $200 per square foot. A typical 1500 square feet home consists of three bedrooms and two bathrooms. Prices range between $225,000 and $400,000.
There are several condos located in Ocean Drive as well. Many of the condos offer spectacular views of the ocean, along with community swimming pools, hot tubs, clubhouse, and tennis courts. The average cost of a two bedroom, two bathroom condominium in the Ocean Drive area is around $195,000.
Ocean Drive is currently experiencing tremendous growth. You can find great preconstruction deals on condos if you're able to wait for your condo to be built. Many condos are offering flexible financing and low-interest rates to those who buy early. If you want to call Ocean Drive your home, now is the time to take advantage of these real estate deals.
If you are a real estate investor, Ocean Drive is the perfect place to purchase investment property. Opportunities abound for homeowners who want to rent their real estate either long or short term.
Ocean Drive is a popular vacation spot because it located so close to downtown. Investors typically find it quite easy to rent their property to vacationers. Visitors are eager to rent ocean view condos and beach cottages. There are also many upscale neighborhoods for investors to purchase real estate. These homes are oftentimes rented to individuals who are relocating to the area.
Ocean Drive is a place where many people would love to live, but are unable to afford some of the pricey homes. This makes it a good option for real estate investors because they can rent their property at a profit to the thousands of tourists who visit each year.
Ocean Drive also offers beautiful townhouses ranging in price from $125,000 to $300,000. Typically, townhouses are located in gated communities. Several new communities are being built in all-inclusive communities which have their own schools, shopping, theaters and restaurants.
If you want to rent a home for vacation purposes in Ocean Drive, you can find just about any type of home you would like. From one bedroom beachside cottages to sprawling estates, Ocean Drive has something for everyone.
Myrtle Beach is considered the number one golf destination and premier vacation spot in the U.S. Known as the "Grand Stand", this area consists of more than 60 miles of coastline. In addition to swimming, sunbathing and building sand castles, there are dozens of public piers where fishing abounds. Whether you are purchasing or renting a home, townhouse or condo, you'll have plenty of options on Ocean Drive.
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