Shalimar, is a twenty year old, concrete and steel, oceanfront project located at 2908 N. Ocean Blvd. in Cherry Grove, North Myrtle Beach, SC 29582.
It is well maintained and has a great location within walking distance of Sea Mountain Highway, the main thoroughfare of Cherry Grove Beach.
Shalimar is a one solid tower located right on the sand, comprised of two and three bedroom units with great views of the Atlantic. It has an in ground pool. A three bedroom unit at Shalimar was selling for $ 89,500 in 2002. Here is a history of all MLS activity at Shalimar since 2004:
2004 two 3BR/2BA units sold $ 225,000-$ 299,900
2005 three 3BR/2BA units sold $ 405,900-$ 440,000
2006 two 3BR/2BA units sold $ 468,000-$ 469,000
2007 zero units sold
2008 zero units sold
2008 one 3BR/2BA unit available $ 399,000
As you can see, the prices topped in 2006, which is a good reflection of what our oceanfront market did here in the entire Grand Strand area known as Myrtle Beach.
When dealing in Oceanfront Property, you need to ask a lot of hard questions. Obtain and read the Master Deed, the CC&R's, The Budget, the minutes to the latest two annual meetings, the Master Insurance Policy. Find out what the rental income is, the taxes, insurance, etc. Hire an inspector to conduct a thorough inspection. Cross your T's, dot your I's, or just hire me and I'll take care of it all. No surprises, just a smooth, flawless transaction.
Mirela Monte, Your Oceanfront Expert 
http://www.myrtlebeachhomes.us/
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