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A rare and exceptional opportunity to own a completely redone direct oceanfront triplex at 3104 N. Ocean Blvd in the highlydesirable Cherry Grove section of North Myrtle Beach. This spectacular oceanfront property is purpose built for high performingrentals, offering unmatched space, premium amenities, and an irreplaceable beachfront location. The triplex features three distinctand private units, each thoughtfully designed with a full kitchen, in unit laundry, and a private oceanfront balcony equipped with its own hot tub. With a total of 14 bedrooms and 12 bathrooms, this property comfortably accommodates large groups while maintaining privacy and functionality across all levels. Unit one offers a spacious five bedroom, four bathroom layout ideal for large families or groups. Unit two mirrors the same five bedroom, four bathroom configuration, delivering consistent rental appeal andflexibility. Unit three provides four bedrooms and four bathrooms, perfect for slightly smaller groups while still offering generousliving space and luxury finishes. Each level showcases unobstructed Atlantic Ocean views and direct beachfront access, creatingan unforgettable coastal experience for guests. Designed with investors in mind, the property includes three separate powermeters and one water meter, simplifying utility management for both personal use and rental operations. Additional ground levelstorage provides ample space for beach gear, owner supplies, and maintenance needs. The property has a proven and impressiverental history, making it a true turnkey oceanfront investment. The location is one of the strongest features of this property. Situated just minutes from Cherry Grove Pier and within close proximity to Main Street North Myrtle Beach, guests enjoy easyaccess to local festivals, nightlife, shopping, and dining. Barefoot Landing is a short drive away, offering waterfront restaurants, boutique shopping, live entertainment, and family attractions, along with the iconic House of Blues. Entertainment and culturalvenues are also nearby, including the renowned Carolina Opry, one of the area's top live performance theaters. Sports enthusiastswill appreciate convenient access to local sports complexes and recreational facilities, while golfers are surrounded by some of theGrand Strand's most acclaimed courses. Within walking distance, guests will find popular restaurants, grocery stores, beach bars, and everyday conveniences, enhancing both short term rental demand and long term usability. From casual coastal dining andfresh seafood to upscale options and family friendly eateries, everything is close at hand. Direct oceanfront triplex properties of thiscaliber are exceedingly rare. With panoramic views, private hot tubs on every level, strong rental performance, and a premierCherry Grove location, this property stands out as a premier investment or legacy beachfront asset in North Myrtle Beach.
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Our Executive Mortgage Banker:
$2,900,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,320,000 | $2,320,000 | $2,320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.368% | 6.385% | 6.223% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,910 | $14,285 | $19,577 |
| Total Monthly Payment | $14,035 | $14,410 | $19,702 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.