| The Bluffs on the Waterway is an impressive Intracoastal waterfront enclave, offering privacy and convenience, luxury and livability. The community was designed based on a Mediterranean-style principle – to enhance the relaxed and tropical nature of Myrtle Beach by utilizing materials such as stucco siding, tiled roofs, and an abundance of palm trees throughout.
The Bluffs on the Waterway offers a variety of amenities to its homeowners, ensuring comfort and enjoyment of the community by every single resident. Amenities include: Intracoastal waterfront clubhouse Main clubhouse in the community interior Swimming Pool Tennis Courts Abundant Landscaping in Common Areas Wrought-Iron Gated Entry with Gatehouse and Electronic entry feature Children’s Play Area Dual Boat Launch Facility Gated and Secured Boat Storage Area Community Day Dock And much more…
The Bluffs on the Waterway does not require its property owners to build in any timeframe, however, the community is blossoming with new homes under construction. Design your custom dream home and use the builder of your choice – its all at your discretion. Minimum square footage requirements, and an Architectural Review Committee, are in place to protect the integrity and appreciation of the community.
The Bluffs on the Waterway is located within the Carolina Forest area on River Oaks Drive, near the newly constructed Highway 31/Grissom Parkway interchange. A new commercial complex, the Carolina Forest “Town Centre”, is currently being constructed just a few hundred yards from the community, and will contain retail shops, restaurants, and medical facilities. Two brand new schools have just opened this year, and are within walking distance to The Bluffs on the Waterway. Just imagine, having all of these conveniences moments from your front door.
Price & Company’s sales associates previously represented the developer of this and other waterfront communities. We are experts on these developments, and we are now able to take care of YOUR interests instead of the developer’s interests.
July 3, 2007 - Why Do Investors, Retirees and Second Home Buyers Still Love Myrtle Beach? Savvy real estate investors, retirees and second-home buyers know that Myrtle Beach's outlook remains singularly positive even in the shadow of recent disappointing sales numbers across the nation. Why?
Our broad, sandy beaches, multitude of attractions, and affordable prices have drawn vacationers to the Myrtle Beach area since the early 1900s. These days, however, the low-slung family motels, aging amusement parks, and low-cost retail establishments that created what used to be known as the 'Redneck Riviera' are being replaced. Myrtle Beach and its sister city, North Myrtle Beach, are hotbeds of luxury residential and high-end retail redevelopment.
Our 14 million visitors per year well overshadows other popular east coast destinations like Virginia Beach, Va. (2.6 million) and Ocean City, Md. (8.2 million). Plus, condos and homes cost far less here than in those other areas.
Population/Growth
Horry County's projected population for 2007 is 252,000. Job growth for 2006 was 6.3 percent, according to Hanley Wood Market Intelligence. Employment grew by 5 percent in 2006 and is expected to increase another 3.9 percent in 2007.
Amenities
The Atlantic Ocean. The Intracoastal Waterway. The Children's Museum of South Carolina. The Franklin G. Burroughs–Simeon B. Chapin Art Museum. More than 100 golf courses, including ones designed by such luminaries as Greg Norman, Tom Fazio, and Pete Dye. More than 1800 restaurants appealing to every possible taste. 40 mini-golf courses. Two water parks. Over 400 outlet stores. The list goes on and on.
Office Space
According to Will Stork, a research analyst at real estate broker Grubb & Ellis|Wilson/Kibler, Class A inventory will more than double in 2007, with 150,000 square feet under construction. In 2005, the average asking rate for Class A space was $24 per square foot.
Residential Homes
Median home prices for 2007 are estimated to be about $211,100, up from $147,200 in 2002, according to Hanley Wood Market Intelligence. Inventory is increasing, however, and several master planned communities are in the offing.
Market Strengths
- Strong retail market
- High dependence on tourism
- Large retiree base
Developable Land
Myrtle Beach's Director of Construction Services, Bruce Boulineau, estimates that there are a “couple thousand acres” of vacant land in the city. Adds K. Neal Bowers, the managing broker for Grubb & Ellis|Wilson/Kibler's Myrtle Beach office: “Almost everything that's developable is already owned.”
Forecast
“There are only two places (left to build) oceanfront high-rises between Ocean Beach, Md., and Florida: Virginia Beach, Va., and Myrtle Beach," says David Stradinger, a partner at Winchester Land and Development. "That's going to keep people coming and developers building.”
Notable Projects
- Last May, Winchester opened the Sea Island boutique conference resort, a $70 million luxury condotel with 150 furnished units, an indoor pool, and a banquet room. Construction has commenced on North Beach Plantation, of which the signature tower resembles Atlantis in the Bahamas.
- The Myrtle Beach Air Force Base Redevelopment Authority is making $30 million in infrastructure improvements—including 29 acres of lakes, parks, and roads—to the former military installation that closed in 1993. Developers are planning residential, recreational, restaurant, and retail projects for the site.
- The Hard Rock Theme Park, scheduled to open in 2008, is a 140-acre, $400 million project expected to attract 30,000 visitors per day.
The Bottom Line
A recent nationwide poll showed the number one requested place to buy a second home was Myrtle Beach. Myrtle Beach is developing so rapidly, with new developments and pre construction opportunities popping up everywhere. Oceanfront homes and condos, golf course homes, Intracoastal waterway property, gated communities, vacation property, condos and townhouses can all be found somewhere along Myrtle Beach. Wherever you buy property in Myrtle Beach, you can be assured you are only a short distance from the beautiful Atlantic Ocean.
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