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/