Attention! The Malibu Pointe ocean view condo in North Myrtle Beach is now under foreclosure. Price are up to HALF off what they were two years ago during pre-construction.  That means a perfect Myrtle Beach real estate investment!

Malibu Pointe is one of the most popular vacation rentals in North Myrtle Beach because of its amenities/value.  Because it’s an ocean view condo, the price is lower, but yet, you still get ceramic tile floors, granite countertops, master bath jacuzzi, private balconies, lazy river and all the other amenities of a first class resort.  And because of the value, it’s a hot spot for Myrtle Beach golf packages.

Malibu one-bedroom units, which sold at presale in 2007 for $299,900, are now selling for $150,000 through CondoLux. Three-bedrooms which were $550,000 are going for $295,000; four bedrooms from $689,900 to $349,900. To top it off, these units are fully furnished and ready for rentals as well.   Read the full real estate foreclosure article on PR Web or learn more about other Myrtle Beach condo foreclosures.

The Myrtle Beach area is an excellent choice for investors because of its value as an oceanfront tourist destination and Myrtle Beach golf destination. The area is constantly growing with the millions of yearly visitors converting to the residential population.  Those choosing to live in the area will find an abundance of attractions, shops, entertainment, dining, and golf destinations.

In the dictionary, one will find the meaning of condominium (condo is the accepted term) as a building or complex, in which individuals own units of property, such as apartments. The unit owners don’t just own their individual unit, though, they own the common areas of the condo building complex as well, such as the grounds and building structure, jointly. Myrtle Beach condos, in terms of real estate, have been growing by leaps and bounds for the last five years particularly because of this business strategy of selling real estate (including the building) as a part of the condo. Developments are also sold with a HomeOwners Association (HOA) who then provide means to take care of common services and maintenance to the common areas and facilities.
(more…)