Jerry Pinkas

Is It Cheaper to Live in Myrtle Beach or Florida? A Detailed Cost Comparison Are you considering a move to either Myrtle Beach, South Carolina, or the Sunshine State of Florida? If you find yourself torn between the allure of Myrtle Beach, South Carolina, and the vast expanse of options in Florida, you’re not alone. One of the primary factors influencing your decision is the actual cost of living. Both destinations offer beautiful weather, coastal charm, and an array of amenities, but which one is more affordable? Let’s dive into a detailed cost comparison so that you can make an informed decision. Myrtle Beach, SC vs Florida Analyzing the Numbers Let’s compare the actual cost of living in both areas. Housing Costs:Myrtle Beach: The median home price hovers at $299,609, up 0.9% over the past year. This area offers affordable housing options.Florida: Cities like Orlando and Jacksonville have median home prices of $375,176, up 3.9% over the past year. Upscale areas such as Miami and Naples command significantly higher rates. Utilities:Myrtle Beach: Moderate utility costs are the norm, covering essentials like electricity and water.Florida: With its sweltering summers, Florida often translates to higher utility bills, particularly for air conditioning. Taxes:Myrtle Beach: South Carolina has a state income tax but relatively low property taxes. Property taxes rank among the nation’s top 5 lowest property taxes for full-time residents.Florida: The absence of state income tax in Florida, the state offsets that with much higher property taxes, depending on the county. Transportation:Myrtle Beach: Transportation expenses are generally lower, with manageable gas prices and minimal tolls.Florida: A sprawling state, Florida’s transportation costs vary widely, with tolls and parking fees higher than suburban hubs. Healthcare:Myrtle Beach: Healthcare costs in Myrtle Beach align with the national average, with many top-notch medical facilities available.Florida: An older healthcare infrastructure may cause delays in access times. Florida offers quality services, albeit with varying costs based on location and insurance coverage. Groceries and Other Expenses:Myrtle Beach: Everyday expenses like groceries remain on par with national averages.Florida: Similar to Myrtle Beach, Florida’s cost of living is influenced by factors such as location and lifestyle choices. Insights from Real Residents To gain a real-life understanding of what is really happening, it’s essential to gain access to the experiences of individuals who’ve already made the leap: Myrtle Beach Area Homeowners: Most county residents praise the affordability of the area. Residents enjoy the coastal lifestyle, finding many fun things to do, ambiance, and a vibrant community. Florida Natives: While acknowledging Florida’s diverse appeal, some note the higher cost of living in certain regions, mainly metropolitan areas. Making an Informed Choice When grappling with the question of affordability, consider these pointers: Personal Finances: Depending on your financial situation, income, savings, and potential job opportunities can be the deciding factor. Lifestyle Preferences: Think about your lifestyle priorities and how much they align with each location’s offerings. Long-Term Outlook: Look beyond immediate costs and consider the broader implications for future increases, your financial well-being, and quality of life. Just remember both Myrtle Beach and Florida present solid options, but each has unique costs. Whether you opt for the tranquil shores of Myrtle Beach or the dynamic landscapes of Florida, we hope your choice is fulfilling and financially sustainable in your next chapter ahead. Remember, while affordability is important, it’s just one piece of the puzzle. Moving is a big deal, but you didn’t get to where you are in life today without some big decisions already. This next journey should also be an exciting new chapter of your life; we wish you success!

Choosing the ideal place to retire is a major decision that requires careful consideration of many factors. Myrtle Beach South Carolina, with its coastal beauty, lively community, and array of year-round amenities, is often considered one of the most popular retirement destinations. So here are the 6 key aspects that make Myrtle Beach a potential haven for retirees. And we hope these points help you decide if it’s the perfect place for YOU and your golden years. Climate and Natural Beauty Myrtle Beach boasts a mild and pleasant climate year-round, characterized by warm summers and mild winters. The area’s natural beauty, including pristine beaches and lush landscapes, contributes to a fun and relaxing environment, which provides retirees with an enjoyable backdrop for their daily lives. Cost of Living One of the critical factors in retirement planning is the cost of living. Myrtle Beach often stands out for its relatively affordable lifestyle compared to other coastal retirement destinations. The breakdown of housing costs includes everything from small affordable homes to oceanfront luxury homes is available. Also, healthcare expenses and other essential living expenses are lower on the Grand Strand than the national average. So if you want to keep your overhead low in retirement, you may find Myrtle Beach the perfect area for you and you will know what to expect. Retirement Communities and Housing Options Myrtle Beach offers a variety of retirement communities catering to different lifestyles and preferences. From beachfront condos to golf course communities, retirees can find a housing option that suits their needs. This section will explore some of the popular retirement communities in the area and provide insights into the amenities they offer. Healthcare Facilities Access to quality healthcare is a crucial consideration for retirees. Myrtle Beach is equipped with 5 hospitals and many reputable medical facilities and healthcare services. An important part of retirement is the healthcare options available, including hospitals, clinics, and specialized medical services. Recreational and Cultural Activities Retirement isn’t just about relaxation; it’s also an opportunity to explore new interests and engage in fun and local cultural activities. Myrtle Beach offers a plethora of options, from golf courses, Fishing, dinner cruises, and year-round activities to cultural events and entertainment venues. There is a diverse range of activities that retirees can enjoy throughout the local area. Community and Social Life A strong sense of community is often a considering factor for retirees. And many have moved from every state in the nation to this area! Myrtle Beach fosters a welcoming and inclusive atmosphere, with numerous clubs, social organizations, and community events. With warmer weather you won’t hibernate inside your house in the winter months…you will be out and about! So the social aspects of retirement in Myrtle Beach feature many opportunities to build meaningful connections. Deciding where to retire is a personal choice that depends on various factors, and Myrtle Beach presents itself as an appealing option for many. By exploring the climate, cost of living, housing options, healthcare, recreational activities, and community life, you can make an informed decision about whether Myrtle Beach is the right place for you to retire and enjoy your golden years. If you would like more information pick up the phone and give our team a call at 843-839-9870 you have questions…we have answers! Talk soon!

One of the most significant decisions all of us face is whether to buy or rent our living space. It can make a difference! This age-old debate has sparked numerous discussions, with both sides defending their perspectives. That is the reason for this post…we will explore the various factors that will play a crucial role in your decision-making process and aim to give you the insights you need so you can decide if it is better to buy or rent a home. Financial Considerations Renting vs Buying The financial aspect is often the deciding factor of the buy vs. rent debate. The upfront costs, monthly expenses, and long-term financial implications associated with both options can have a significant outcome in the long run. From down payments and mortgage rates to rental prices and potential for appreciation and equity, understanding the financial part of this is essential for making an informed decision. Buy vs rent Flexibility and Freedom of Renting Renting offers a level of flexibility that buying may not provide. Freedom to relocate without the burden of selling a property can make the idea of renting advantageous…depending on if you are in a transitional phase of life, such as career changes, divorce, or graduation from school or your job. Building Equity and Wealth Buying A Home Owning a home is often associated with building equity and long-term wealth. Mortgage payments contribute to homeownership equity and the potential financial benefits of property appreciation over time. Also, homeowners take advantage of tax benefits that renters can not. Maintenance and Responsibilities of Homeownership Homeownership comes with its set of responsibilities, including maintenance, repairs, or management of the property. Renting, on the other hand, typically shifts these responsibilities to the landlord. There are pros and cons of maintenance obligations, but depending on where you are in life can make a difference in how they factor into your decision-making process. Real Estate Trends and Market Timing The real estate market is dynamic, and timing can play a crucial role in the decision to buy or rent. Market trends, interest rates, and economic factors can impact the affordability and desirability of both options. Just remember, real estate is never “affordable” it seems to be just a little out of reach. But the long-term aspects can be fantastic. Just ask anyone who bought a house 10, 20, or 30 years ago. In the end, the decision to buy or rent ultimately depends on individual circumstances, preferences, and financial goals. By considering each of the factors discussed above, you can make a well-informed choice that aligns with your unique situation. If you are leaning towards homeownership for long-term stability or opting for the flexibility of renting, the key is to weigh the pros and cons against personal priorities and financial capabilities. The “buy vs. rent” debate is not a one-size-fits-all answer, but armed with accurate information, you can confidently navigate this significant decision in your life. You have questions, we have answers. The Jerry Pinkas Real Estate Experts team is here to help you avoid the pitfalls that are costly. Pick up the phone and give us a call at 843-839-9870 talk soon!

Myrtle Beach, with its stunning ocean views, vibrant community, and countless entertainment options, is a dream destination for many. But one question lingers in the minds of those considering a move or investment: Why is real estate so affordable in Myrtle Beach? In this blog post, we’ll delve into the factors that contribute to the affordability of real estate in this charming coastal city. The affordability of Myrtle Beach real estate Are you on the hunt for affordable real estate in a prime location? Look no further than Myrtle Beach. This popular seaside destination is not only known for its stunning beaches and vibrant entertainment options but also for its budget-friendly real estate market. Whether you’re a first-time homebuyer, an investor, or someone looking for a vacation home, Myrtle Beach offers a wide range of options to suit your needs. With its favorable cost of living and low property taxes, Myrtle Beach is a hidden gem for budget-conscious buyers. You can find a variety of properties at affordable prices, from cozy condos to spacious single-family homes. The best part? Many of these properties are just minutes away from the beach, golf courses, and other recreational amenities. In addition to its affordability, Myrtle Beach offers a diverse range of attractions and activities that cater to all interests. From top-notch restaurants and shopping centers to family-friendly attractions and a thriving arts scene, there’s always something to do in this vibrant coastal city. Don’t miss out on the opportunity to own a piece of the Myrtle Beach real estate market. Discover why this hidden gem is a dream destination for budget-conscious buyers and start living the beach life you’ve always dreamed of. Why is Real estate so cheap in Myrtle Beach The investment potential of Myrtle Beach real estate Geographical Location: One of the primary factors influencing real estate prices in Myrtle Beach is its geographical location. Situated on the eastern coast of the United States, Myrtle Beach benefits from a relatively lower cost of living compared to more densely populated urban areas. This geographical advantage contributes to the overall affordability of housing in the region.Tourism and Seasonal Economy: Myrtle Beach is a renowned tourist destination, attracting millions of visitors each year. While this boosts the local economy, it also leads to a seasonal nature of employment. The economy is heavily reliant on tourism, and during off-peak seasons, demand for real estate may decrease, causing prices to remain relatively low.Plentiful Housing Inventory: Myrtle Beach has experienced significant real estate development in recent years, resulting in a surplus of housing inventory. The abundance of options gives buyers more choices, putting downward pressure on prices. This scenario is advantageous for those looking to purchase property, as sellers may be more willing to negotiate on prices.Economic Diversity: While tourism is a major economic driver, Myrtle Beach is not solely reliant on this industry. The city has seen growth in other sectors, including healthcare, education, and technology. A diverse economy can contribute to greater stability, preventing extreme fluctuations in real estate prices.Lower Property Taxes: South Carolina, where Myrtle Beach is located, boasts lower property taxes compared to many other states. This can significantly impact the overall cost of homeownership and make real estate more accessible to a broader range of buyers.Relaxed Zoning Regulations: Myrtle Beach has relatively relaxed zoning regulations compared to some other cities. This can lead to more straightforward and cost-effective development processes, encouraging builders to undertake projects and subsequently increasing the housing supply. The appeal of Myrtle Beach for budget-conscious buyers Myrtle Beach’s charm extends beyond its sandy shores, offering an affordable lifestyle for residents and investors alike. The combination of its geographic location, seasonal economy, ample housing inventory, economic diversity, lower property taxes, and relaxed zoning regulations all contribute to making real estate more affordable in this picturesque coastal city. As you explore your options, keep these factors in mind to make an informed decision and take advantage of the unique opportunities Myrtle Beach has to offer. No matter where you live we can hook you up with the local expert that can find your hidden gem, and help you avoid the pitfalls that are costly. Pick up the phone and give us a call at 843-839-9870 talk soon!

In the ever-evolving landscape of real estate, potential homebuyers and sellers in South Carolina are constantly seeking answers to the burning question: Are house prices going down? As the real estate market experiences fluctuations influenced by various factors, it’s crucial to stay informed to make well-informed decisions. In this blog post, we’ll delve into the current state of house prices in South Carolina and explore the factors that may be impacting the market. Understanding Current SC Real Estate Trends To gain insight into whether house prices are on the decline in South Carolina, it’s essential to examine the current real estate trends in the state. Market reports, statistical data, and expert analyses are invaluable tools for assessing the direction of the housing market. Keep in mind that real estate trends can vary significantly based on location, so it’s essential to focus on South Carolina-specific data. Are home prices going down in South Carolina Factors Influencing South Carolina House Prices Several factors contribute to the fluctuations in house prices, and understanding these dynamics can provide clarity on the current situation. Economic indicators, employment rates, interest rates, and local market conditions are among the primary factors affecting real estate values. Economic Indicators: Economic indicators, such as GDP growth and unemployment rates, play a pivotal role in shaping the real estate market. A thriving economy generally leads to increased consumer confidence and higher demand for housing, potentially driving prices upward.Interest Rates: The interest rates set by financial institutions impact the cost of borrowing for homebuyers. Lower interest rates can stimulate demand by making mortgages more affordable, potentially leading to an increase in house prices.Local Market Conditions: The specific conditions of the local real estate market in South Carolina, including housing inventory, demand, and new construction, will directly influence pricing trends. Understanding these dynamics is crucial for gauging the overall health of the market. Myrtle Beach Housing Market Update Expert Insights and Predictions Real estate is Hyper Local what is happening in one part of the state may not be happening in another. So it depends on where the home is located. Remember…Location, location, location! Coastal South Carolina, Midlands, Upstate, or the Low County areas of South Carolina. Consulting a local real estate expert can provide valuable insights into the future trajectory of house prices in South Carolina. Jerry Pinkas Real Estate Experts takes the local analyses of the local real estate market and can offer predictions based on their expertise and knowledge of local and national trends. Pick up the phone and give them a call for the most up-to-date info on your particular area, city, and even street. In the quest to uncover whether house prices are going down in South Carolina, it’s essential to consider a myriad of factors that collectively shape the real estate landscape. By staying informed and relying on accurate data, potential buyers and sellers can make well-informed decisions in a dynamic market. Remember to regularly check for updates, as the real estate market is subject to change based on economic conditions, policy shifts, and other external influences. Whether you’re a prospective homebuyer or seller, understanding the nuances of the South Carolina real estate market is the key to navigating the ever-changing terrain of property values. No matter where you live we can hook you up with the local expert that can find your hidden gem, and help you avoid the pitfalls that are costly. Pick up the phone and give us a call at 843-839-9870 talk soon!

The cost of living has increased significantly in Florida over the past few years, with many paying a premium for homeowner’s insurance, gas, groceries, and more. It is expensive to live in Florida For those who rent, Realtor.com released a report stating rents in Miami shot up 57.2% compared to 2021, 35% in Orlando, and 31.1% in the Tampa/St. Petersburg metro areas. To put that into perspective, Realtor.com states that rent prices only rose by 20% in other parts of the United States. Surging rental prices in Florida are due, in large part, to the rising number of residents who flocked to the state during the pandemic.  For those who own, the Insurance Information Institute estimated that homeowners in Florida pay the highest average property insurance premium in the United States, “at $4,231, nearly three times the U.S. average of $1,544.” This is due to the increase in insurance fraud as well as frequent hurricanes. In 2022 alone, six different insurance companies ceased operations in Florida as a result of fraudulent roof replacement schemes, reinsurance costs, and litigation. These companies include FedNat, Weston Property and Casualty, Southern Fidelity, Lighthouse, Avatar, and St. John’s Insurance.  Myrtle Beach, SC is a great alternative for those who find Florida’s rising cost of living prohibitive. Myrtle Beach has remained an affordable place to live, despite its rising popularity. As of June 2022, the median cost of a new home in Myrtle Beach is $288,000, far lower than the national average of $428,700. If you’re interested in moving from Florida to Myrtle Beach, look no further. In this article, we do a deep dive into the cost of moving from Florida to Myrtle Beach, top-ranking moving companies, and various moving options, from renting a truck and taking care of the move yourself to hiring a white glove, full-service moving company. We also include information about shipping a car from Florida to Myrtle Beach for those who don’t want to make the drive.  Moving from Florida to Myrtle Beach, South Carolina Step-by-Step Guide to Moving to Myrtle Beach, SC: Step 1: Determine Your Preferred Moving Type Professional & White Glove Movers: Professional moving companies handle the bulk of the move for you and take care of most of the heavy lifting. Some professional moving companies offer white-glove moving services, which involve taking extra measures to protect fragile items such as antiques, pianos, artwork, and more.  White glove movers are ideal for those who own expensive furniture, artwork, and antiques and want to ensure their items make it from point A to point B without getting damaged. White glove companies typically have padded moving trucks and offer full disassembly and assembly of all items, including hanging up artwork and television sets.  Many white glove moving companies as well as general professional moving companies also offer full packing services, where they arrive at the home and pack all items for you. Although this is a more expensive option, it’s great for those who are older or prefer not to pack items themselves.  Moving Items via Freight/Container: Both freight and container moves involve doing a lot of the heavy lifting yourself. Here’s how it works: A few days before your move, the freight/container moving company will deliver a large container to your home. You will then have several days to move all furniture, boxes, and other items into the container. The moving company will pick up the container and drive it to your destination. When they arrive, you will then be responsible for unloading the moving container. After all items are unpacked, the moving company will then drive the container back to the facility. Difference Between Freight Moving and Container Moving:  Freight moving typically only gives 3 days to load and unload your items. Container moving typically gives extended time so that you don’t feel rushed.  Rental Truck: With a rental truck, such as renting a U-Haul, you will be responsible for picking up the truck from the rental company, loading all of your items, driving the truck to your destination, unloading all items, and then returning the truck to the local rental company. This option is typically the cheapest, but it will be the most labor-intensive. Moving To South Carolina Step #2: Assess Moving Prices Now that we’ve laid out moving options, let’s dive into pricing. For our analysis below, we assessed the price of moving from Miami to Myrtle Beach. However, moving prices will vary depending on what time of year you’re moving (with winter being the cheapest and summer being the most expensive), the area in Florida you’re moving to, and how many items you own. To conduct our analysis, we used MoveBuddha.com’s Moving Cost Calculator, which breaks the moving costs down by moving type. According to MoveBuddha.com, the average price of moving from Florida to Myrtle Beach in winter 2023 costs the following: SIZE OF THE HOMEPROFESSIONAL MOVERSFREIGHT/ CONTAINERRENTAL TRUCKStudio / 1 Bedroom$1,453 – $3,213$950 – $2,039$864 – $1,1972 – 3 bedrooms$2,083 – $5,375$1,140 – $3,048$914 – $1,4114 – 5+ bedrooms$3,788 – $8,020$2,545 – $3,787$1,235 – $1,667calculating the cost of moving moving to Myrtle Beach SC Step #3: Find A Moving Company Here are some of the top-rated moving companies we recommend:1. GM Van Lines: https://www.gmvanlines.com/2. International Van Lines: https://internationalvanlines.com/3. American Van Lines: https://www.americanvanlines.com/4. Safeway Moving: https://safewaymovingsystem.com/5. Bull Moving: https://www.gobullmoving.com/  Pros and Cons of Retiring to South Carolina Step #4: Hire a Vehicle Transportation Company If you need a company to transport your car, here are some of the top-rated vehicle transportation companies:1. Montway Auto Transport: https://www.montway.com/2. Ship a Car Direct: https://www.shipacardirect.com/3. Amtrak Auto Transport: https://www.amtrak.com/auto-train-experience4. U-Ship: https://www.uship.com/vehicles/ Final Thoughts If you’re ready to make the move from Florida to Myrtle Beach, we here at JP Real Estate Experts specialize in helping individuals and families find housing in the Myrtle Beach area. Whether you want to live in Myrtle Beach, North Myrtle Beach, or somewhere else in the area, search our listings or contact us and we would be happy to discuss your move.

Whether you’re a visitor to Myrtle Beach South Carolina, this is where you live, or you are looking for an affordable town to buy waterfront property, there are many lakes and opportunities for recreational activities here on the Grand Strand. The Myrtle Beach area has been known over the years as an international destination because of its beaches (with 70 golf courses), shopping paradise, and fantastic cuisine of over 1700 restaurants on the grand strand. But what most people don’t realize exists, is a secret hidden gem, just outside these city’s limits, lie beautiful freshwater ponds that border new developments and neighborhoods where homes sell fast due to their proximity to the ocean and beach. If you’re looking to find the best lakes in Myrtle Beach, this guide will help. Grand Lake at Market Common Market Common Myrtle Beach Grand Lake Market Common Myrtle Beach is one of the most desired places to live in the Grand Strand. It’s centrally located near the beach and has all the stores and restaurants you need within walking distance. One of the best amenities Market Common offers is Grand Park Lake. The lake is perfect for fishing, paddling, or just enjoying the scenery. The pier at Grand Park Lake is also a great place to fish, with a catch-and-release policy in place. No motorized watercraft are allowed on the lake, but you can bring your kayak or canoe. If you’re looking for a beautiful place to live near the beach, Market Common Myrtle Beach should be at the top of your list! Broadway at the Beach Lake Broadway at the Beach Lake Broadway at the Beach is one of Myrtle Beach’s most popular attractions. Every year, hundreds of thousands of visitors come to enjoy the outdoors, have some dinner, and shop. Another main attraction is the crazy, starving fish that populate the man-made lake. Insider tip: bring a loaf of day-old stale bread to feed them or you can buy fish food from one of the vending machines. You can not fish or bring your boat, but you can pay to take a crazy spinning speed boat ride around the lake from one of the vendors. If you are looking for something a bit more relaxing, you can just stroll around the lake. Parking is free. Broadway at the beach is a great place to spend a day with family and friends. Green Lake Green Lake Myrtle Beach Located in the northern section of Myrtle Beach near the Arcadian Shores Golf Club off Chestnut Road. Green Lakes is a neighborhood that mostly features single-family homes from 2000 to 4500 square feet. Visitors can find a variety of fish to catch including Catfish, bluegill, and sunfish. Lake Arrowhead  Lake Arrowhead is a great destination for anyone looking to enjoy the quieter side of Myrtle Beach. The lake is located inside of the Kingston Plantation Resort, just a short drive from the main strip. Visitors can find a variety of fish to catch, including crappie, largemouth bass, bluegill, catfish, and sunfish. Lake Arrowhead is also in a great location for exploring the rest of Horry County – it’s just 6.6 miles from North Myrtle Beach and in a very central part of the state. Whether you’re looking to relax by the lake or explore the surrounding area, Lake Arrowhead is a great choice for your next vacation spot. Dunes Lake Dunes Lake Myrtle Beach Dunes Lake is a beautiful, serene spot located in Myrtle Beach, South Carolina. This 45-acre lake is home to many different species of fish, including bass and carp. Dunes Lake is also known for its resident alligator, which can occasionally be spotted sunning on the shoreline. The best time to go fishing at Dunes Lake is from 8 AM to 3 PM.In addition to being a great spot for fishing, Dunes Lake is also scenic and perfect for a stroll. The Dunes Golf and Beach Club runs along one side of the lake, providing stunning views of the rolling fairways and pristine clubhouse. Even if you’re not a member of the Dunes Golf and Beach Club, you can still enjoy the lake’s natural beauty. So whether you’re looking to catch a big fish or just soak up some rays, Dunes Lake is the perfect place to do it. Dogwood Lake Dogwood Lake is a beautiful reservoir located in Surfside, SC, near the Ocean Lakes Family Campground. Dogwood Lake is a great place to fish, with reported catches of largemouth bass and bream. The best times to fish are early in the morning or early in the evening. You can bring a boat to Dogwood Lake, but be aware that the connected ponds are restricted to boats powered by paddles, oars, sails, or electric trolling motors. Whether you’re coming for fishing or just to enjoy the scenery, Dogwood Lake is a great destination for a day trip from Myrtle Beach. Lewis Lake Lewis Lake is a small body of water located in southern Horry County near the city of Surfside Beach. It is best known for being a great spot for fishing, with the 8 AM to 4 PM timeframe being especially productive. Lewis Lake is also notable for being located near Myrtle Beach State Park, which offers hiking trails and fishing opportunities. If you’re looking for a peaceful place to relax and enjoy nature, Lewis Lake is worth a visit! Lake Busbee Lake Busby in Conway South Carolina is a man-made lake that was originally built as a cooling pond for the Granger steam electric generating plant which opened in 1966 until Santee Cooper State Power Company closed it in 2012. The lake is currently closed.  After the plant closed, the 160-acre Lake Busby was drained and restored to its former state as a wetland. Today residents enjoy a 2.3-mile bike and walking trail along the old lake shoreline. Myrtle Beach SC Waterfront Homes for Sale Lakes Near Myrtle Beach What is the best lake to live on in SC? It’s more a matter of preference, your budget, and what your needs and wants are. South Carolina has many lakes that are considered the best lakes to live on. Picturesque coves and undisturbed shorelines that run for miles are the stuff of dreams. But some of the most affordable lakes to live on are in golf course communities, or local neighborhoods which give a good chance for a perfect backyard view overlooking the lake, without going broke. Best Myrtle Beach Lakes to Buy Lakefront Property You may be wondering how much a lake house costs in Myrtle Beach.  No matter what the taste or budget, there is something for every type of buyer. Shoppers will discover properties such as single-family homes for sale, condos, golf properties, as well as open land and vacant lots available. If you’re looking for the best lakefront properties in Myrtle Beach, look no further!  With over 200 gorgeous homes to choose from and all types of property available – including new builds on some very exclusive lake sites- this area has something that will suit every buyer’s needs. Take advantage of it today, because waterfront property has always been in demand.  Lakefront Neighborhoods in Myrtle Beach Lake in Myrtle Beach A Lakefront neighborhood can offer residents a more secluded feel and offer a superior living experience, that comes along with incredible views and plenty of outdoor water sports. Plantation Lakes – in Carolina Forest features custom homes and residential lots for sale 800 home sites, 170 acres of lakes, and 15 acres of shoreline. Waterbridge – is a gated community in the Carolina Forest community that offers impressive homes with top-notch amenities. Berkshire Forest – is a Beautiful Community of single-family homes located off of River Oaks Drive, centerpiece is the gorgeous 32-acre Silver Lake. Indigo Bay –  is a gated, master-planned community that is situated around a 50-acre lake. Ocean Lakes – Family Campground is an oceanfront gated community with 24-hour security. The property is located south of Myrtle Beach. Brighton Lakes – is a partially custom and track-built home neighborhood with 284 homesites around a 6+ acre lake. Myrtle Beach SC Deep Waterfront Homes for Sale Myrtle Beach South Carolina waterfront homes for sale There are many waterfront homes for sale that offer stunning views of the Intracoastal Waterway. Deepwater homes are especially desirable because many offer quick and easy access to the ocean. Whether you’re looking for a place to fish, boat, or simply enjoy the view, a deep waterfront home is the ultimate fisherman’s paradise. In addition to the amazing scenery, these homes also come with a number of amenities that make life easier. Most have private docks, meaning you won’t have to worry about fighting for a spot at the public marina. And since they’re located on the Intracoastal waterway, you’ll have no problem getting out onto the open ocean. Best South Carolina Lakes to Buy Lakefront Property South Carolina is well-known for its beautiful lakes, which offer a wide range of recreational activities and a tranquil setting for relaxing and enjoying the outdoors. If you’re looking for the perfect place to buy lakefront property, here are a few of the best options in the state. Lake Marion is the largest lake in South Carolina, with over 600 miles of shoreline to explore. The lake is home to a variety of fish, making it a popular spot for fishing and boating. In addition, Lake Marion is surrounded by parks and nature trails, providing plenty of opportunities for hiking, biking, and birdwatching. Lake Jocassee is another great option for those interested in purchasing a lakefront property. This 7,500-acre lake is known for its clear water and scenic views. It’s also a popular spot for swimming, canoeing, and kayaking. if you’re looking for a quieter lake experience. Finally, Lake Keowee is another top choice for those seeking to buy a lakefront property in South Carolina. This 18,000-acre lake offers stunning mountain views and plenty of opportunities for recreation, including fishing, boating, and hiking. Lake Keowee is also home to several marinas and public beaches, making it easy to enjoy all that this beautiful lake has to offer. For additional information on Myrtle Beach lakefront properties for sale or to schedule a private home tour, contact Jerry Pinkas real estate experts today at 843-839-9870.

Whether you’re a visitor to Myrtle Beach South Carolina, this is where you live, or you are looking for an affordable town to buy waterfront property, there are many lakes and opportunities for recreational activities here on the Grand Strand. The Myrtle Beach area has been known over the years as an international destination because of its beaches (with 70 golf courses), shopping paradise, and fantastic cuisine of over 1700 restaurants on the grand strand. But what most people don’t realize exists, is a secret hidden gem, just outside these city’s limits, lie beautiful freshwater ponds that border new developments and neighborhoods where homes sell fast due to their proximity to the ocean and beach. If you’re looking to find the best lakes in Myrtle Beach, this guide will help. Grand Lake at Market Common Market Common Myrtle Beach Grand Lake Market Common Myrtle Beach is one of the most desired places to live in the Grand Strand. It’s centrally located near the beach and has all the stores and restaurants you need within walking distance. One of the best amenities Market Common offers is Grand Park Lake. The lake is perfect for fishing, paddling, or just enjoying the scenery. The pier at Grand Park Lake is also a great place to fish, with a catch-and-release policy in place. No motorized watercraft are allowed on the lake, but you can bring your kayak or canoe. If you’re looking for a beautiful place to live near the beach, Market Common Myrtle Beach should be at the top of your list! Broadway at the Beach Lake Broadway at the Beach Lake Broadway at the Beach is one of Myrtle Beach’s most popular attractions. Every year, hundreds of thousands of visitors come to enjoy the outdoors, have some dinner, and shop. Another main attraction is the crazy, starving fish that populate the man-made lake. Insider tip: bring a loaf of day-old stale bread to feed them or you can buy fish food from one of the vending machines. You can not fish or bring your boat, but you can pay to take a crazy spinning speed boat ride around the lake from one of the vendors. If you are looking for something a bit more relaxing, you can just stroll around the lake. Parking is free. Broadway at the beach is a great place to spend a day with family and friends. Green Lake Green Lake Myrtle Beach Located in the northern section of Myrtle Beach near the Arcadian Shores Golf Club off Chestnut Road. Green Lakes is a neighborhood that mostly features single-family homes from 2000 to 4500 square feet. Visitors can find a variety of fish to catch including Catfish, bluegill, and sunfish. Lake Arrowhead  Lake Arrowhead is a great destination for anyone looking to enjoy the quieter side of Myrtle Beach. The lake is located inside of the Kingston Plantation Resort, just a short drive from the main strip. Visitors can find a variety of fish to catch, including crappie, largemouth bass, bluegill, catfish, and sunfish. Lake Arrowhead is also in a great location for exploring the rest of Horry County – it’s just 6.6 miles from North Myrtle Beach and in a very central part of the state. Whether you’re looking to relax by the lake or explore the surrounding area, Lake Arrowhead is a great choice for your next vacation spot. Dunes Lake Dunes Lake Myrtle Beach Dunes Lake is a beautiful, serene spot located in Myrtle Beach, South Carolina. This 45-acre lake is home to many different species of fish, including bass and carp. Dunes Lake is also known for its resident alligator, which can occasionally be spotted sunning on the shoreline. The best time to go fishing at Dunes Lake is from 8 AM to 3 PM.In addition to being a great spot for fishing, Dunes Lake is also scenic and perfect for a stroll. The Dunes Golf and Beach Club runs along one side of the lake, providing stunning views of the rolling fairways and pristine clubhouse. Even if you’re not a member of the Dunes Golf and Beach Club, you can still enjoy the lake’s natural beauty. So whether you’re looking to catch a big fish or just soak up some rays, Dunes Lake is the perfect place to do it. Dogwood Lake Dogwood Lake is a beautiful reservoir located in Surfside, SC, near the Ocean Lakes Family Campground. Dogwood Lake is a great place to fish, with reported catches of largemouth bass and bream. The best times to fish are early in the morning or early in the evening. You can bring a boat to Dogwood Lake, but be aware that the connected ponds are restricted to boats powered by paddles, oars, sails, or electric trolling motors. Whether you’re coming for fishing or just to enjoy the scenery, Dogwood Lake is a great destination for a day trip from Myrtle Beach. Lewis Lake Lewis Lake is a small body of water located in southern Horry County near the city of Surfside Beach. It is best known for being a great spot for fishing, with the 8 AM to 4 PM timeframe being especially productive. Lewis Lake is also notable for being located near Myrtle Beach State Park, which offers hiking trails and fishing opportunities. If you’re looking for a peaceful place to relax and enjoy nature, Lewis Lake is worth a visit! Lake Busbee Lake Busby in Conway South Carolina is a man-made lake that was originally built as a cooling pond for the Granger steam electric generating plant which opened in 1966 until Santee Cooper State Power Company closed it in 2012. The lake is currently closed.  After the plant closed, the 160-acre Lake Busby was drained and restored to its former state as a wetland. Today residents enjoy a 2.3-mile bike and walking trail along the old lake shoreline. Myrtle Beach SC Waterfront Homes for Sale Lakes Near Myrtle Beach What is the best lake to live on in SC? It’s more a matter of preference, your budget, and what your needs and wants are. South Carolina has many lakes that are considered the best lakes to live on. Picturesque coves and undisturbed shorelines that run for miles are the stuff of dreams. But some of the most affordable lakes to live on are in golf course communities, or local neighborhoods which give a good chance for a perfect backyard view overlooking the lake, without going broke. Best Myrtle Beach Lakes to Buy Lakefront Property You may be wondering how much a lake house costs in Myrtle Beach.  No matter what the taste or budget, there is something for every type of buyer. Shoppers will discover properties such as single-family homes for sale, condos, golf properties, as well as open land and vacant lots available. If you’re looking for the best lakefront properties in Myrtle Beach, look no further!  With over 200 gorgeous homes to choose from and all types of property available – including new builds on some very exclusive lake sites- this area has something that will suit every buyer’s needs. Take advantage of it today, because waterfront property has always been in demand.  Lakefront Neighborhoods in Myrtle Beach Lake in Myrtle Beach A Lakefront neighborhood can offer residents a more secluded feel and offer a superior living experience, that comes along with incredible views and plenty of outdoor water sports. Plantation Lakes – in Carolina Forest features custom homes and residential lots for sale 800 home sites, 170 acres of lakes, and 15 acres of shoreline. Waterbridge – is a gated community in the Carolina Forest community that offers impressive homes with top-notch amenities. Berkshire Forest – is a Beautiful Community of single-family homes located off of River Oaks Drive, centerpiece is the gorgeous 32-acre Silver Lake. Indigo Bay –  is a gated, master-planned community that is situated around a 50-acre lake. Ocean Lakes – Family Campground is an oceanfront gated community with 24-hour security. The property is located south of Myrtle Beach. Brighton Lakes – is a partially custom and track-built home neighborhood with 284 homesites around a 6+ acre lake. Myrtle Beach SC Deep Waterfront Homes for Sale Myrtle Beach South Carolina waterfront homes for sale There are many waterfront homes for sale that offer stunning views of the Intracoastal Waterway. Deepwater homes are especially desirable because many offer quick and easy access to the ocean. Whether you’re looking for a place to fish, boat, or simply enjoy the view, a deep waterfront home is the ultimate fisherman’s paradise. In addition to the amazing scenery, these homes also come with a number of amenities that make life easier. Most have private docks, meaning you won’t have to worry about fighting for a spot at the public marina. And since they’re located on the Intracoastal waterway, you’ll have no problem getting out onto the open ocean. Best South Carolina Lakes to Buy Lakefront Property South Carolina is well-known for its beautiful lakes, which offer a wide range of recreational activities and a tranquil setting for relaxing and enjoying the outdoors. If you’re looking for the perfect place to buy lakefront property, here are a few of the best options in the state. Lake Marion is the largest lake in South Carolina, with over 600 miles of shoreline to explore. The lake is home to a variety of fish, making it a popular spot for fishing and boating. In addition, Lake Marion is surrounded by parks and nature trails, providing plenty of opportunities for hiking, biking, and birdwatching. Lake Jocassee is another great option for those interested in purchasing a lakefront property. This 7,500-acre lake is known for its clear water and scenic views. It’s also a popular spot for swimming, canoeing, and kayaking. if you’re looking for a quieter lake experience. Finally, Lake Keowee is another top choice for those seeking to buy a lakefront property in South Carolina. This 18,000-acre lake offers stunning mountain views and plenty of opportunities for recreation, including fishing, boating, and hiking. Lake Keowee is also home to several marinas and public beaches, making it easy to enjoy all that this beautiful lake has to offer. For additional information on Myrtle Beach lakefront properties for sale or to schedule a private home tour, contact Jerry Pinkas real estate experts today at 843-839-9870.

For those of us nearing retirement age, the thought of finally having the time to relax and enjoy all of life’s little pleasures is absolutely exhilarating. And what better place to do that than in the beautiful state of South Carolina? From its stunning beaches and breathtaking mountains to its fascinating retirement communities, there’s always something new to discover in South Carolina. Let’s take a closer look at some of the pros and cons of retiring in this southern gem. Some people debate whether to retire in Florida or South Carolina. When looking at the pros and cons of retiring in South Carolina, it’s easy to see that this state has a lot to offer retirees. Pros and Cons of Retiring to South Carolina Here are some of the top reasons why South Carolina is a great place to retire: Incredible golf retirement communities If you’re an avid golfer, you’ll be spoiled for choice when it comes to picking a retirement community in South Carolina. The state is home to some of the most prestigious golf courses in the country, including Kiawah Island Golf Resort (ranked #1 in North America by Golf Digest) and Harbour Town Golf Links (site of the PGA Tour’s annual Heritage Classic). Golfers with an eye for the beautiful game will be hard-pressed to find a better place than Myrtle Beach. With over 70 courses in which they can play, there’s no shortage of opportunities when it comes time for you and your golf clubs! Amazing State Parks and Historic sites From the mountains of upstate South Carolina to the beaches of the Lowcountry, there’s no shortage of incredible state parks and historical sites to explore in this state. Notable highlights include Congaree National Park (home to the tallest tree in Eastern North America), Charleston’s Battery & White Point Gardens (a 22-acre park overlooking Charleston Harbor), and Falls Park on the Reedy (a 32-acre urban oasis in Greenville). Low Cost Of Living In SC South Carolina Low Cost of Living One of the most significant advantages of retiring in South Carolina is the low cost of living. According to How Stuff Works, “the average cost of living for a retired couple in South Carolina is about $37,000 a year,” which is significantly lower than many other states in the US. Additionally, retirees in South Carolina are not subject to state income taxes on Social Security benefits, pension income, or IRAs. Plus, the cost of living in South Carolina is nearly 10% below the national average. And if that’s not enough to convince you, just wait until you see all the amazing beaches! Retirement Communities in South Carolina From Myrtle Beach and Pawleys Island to Hilton Head and Kiawah Island, there are plenty of incredible beachfront retirement communities to choose from in South Carolina. Not to mention all the state parks and historic sites! In fact, according to 55 Places, “South Carolina has more than 80 state parks and historic sites,” which makes it one of the best states for retirees who love spending time outdoors. South Carolina Retirement Communities When it comes to finding the perfect place to retire, there is no shortage of options. From sunny Florida to scenic Arizona, there are a lot of great places to choose from. However, one state that often gets overlooked is South Carolina. Let’s take a look at some of the pros and cons of retiring in South Carolina so you can decide if it’s the right place for you. Weather One of the biggest reasons why people retire to states like Florida or Arizona is because of the weather. And it’s true that the winters in South Carolina can be a bit cooler than in other parts of the country. However, the state still averages around 60 degrees during the winter months, which is plenty warm enough for most people. Plus, you get the added bonus of beautiful fall foliage and mild springs and summers. Healthcare in South Carolina Another important consideration for retirees is healthcare. And South Carolina has some great healthcare options. The state is home to top-notch hospitals like MUSC Health and Prisma Health, which are both ranked among the best in the country. In Myrtle Beach SC the Grand Strand Hospital was ranked the #7 heart hospital in the nation. Plus, there are plenty of retirement communities that offer on-site healthcare facilities. So you’ll be able to get the care you need without having to travel far from home. House Prices One thing that may not be so appealing about retiring to South Carolina is the cost of housing. The median home price in the state is around $300,000, which is slightly lower than the national average. However, there are still plenty of affordable options available, especially if you’re willing to live in a smaller town or city. And, with a little bit of searching, you should be able to find a place that fits your budget. Taxes South Carolina’s tax laws are favorable for retirees compared to those of other states. The state does not tax Social Security benefits, pensions, or retirement income from 401(k)s, IRAs, and other similar accounts. That means more of your hard-earned retirement savings will stay in your pocket where it belongs. In addition, South Carolina offers a number of tax breaks for retirees who own their homes. For example, if you’re over the age of 65, you may qualify for a reduced property tax assessment. And if you’re a disabled veteran or the surviving spouse of a disabled veteran, you may be eligible for a complete property tax exemption. There are many reasons why people decide to retire in South Carolina. One of the most significant reasons is taxes. With so much to offer retirees, it’s no wonder that this state is consistently ranked as one of the best places to retire. Whether you’re looking for breathtaking mountains or magnificent botanical gardens, there’s something for everyone in South Carolina. So if you’re nearing retirement age, definitely consider making this beautiful southern state your home. You won’t be disappointed! Visit once and you’ll see why they call it the “Good Life.” If you are thinking about moving to South Carolina for retirement, Give our team a call at 843-839-9870 We can help you avoid the pitfalls that are costly. talk soon!

According to the Federal Housing Finance Agency (FHFA), second-home mortgage rates are going up in 2022 and 2023. They announced targeted increases to Fannie Mae and Freddie Mac’s upfront fees for second home loans will be increasing. So, if you’re planning on purchasing a second home in South Carolina, it’s time to start budgeting for a higher mortgage rate. What does this mean for buyers of second homes?  The changes mean that buyers can expect an increase between 1.125% and 3.875% for second home loans, in their interest rate when they apply for a loan to purchase a second home. This may not seem like a lot, but over the life of a 30-year mortgage, it could add up to thousands of dollars in additional interest payments. Fannie Mae says a second home mortgage with a loan-to-value ratio equal to or less than 60% will pay an additional 1.125% fee. But with less money down and a loan-to-value ratio of 80% or more loan-to-value or greater, the fee is an extra 4.125%.  How Your Down Payment Affects Your Monthly Mortgage Payment Second Home Mortgage Rates Your down payment affects your monthly mortgage payment because it impacts your loan-to-value ratio (LTV). Your LTV is the amount of your loan compared to the appraised value or sales price of the home you’re purchasing (whichever is less). A higher LTV ratio means you have a smaller down payment and more debt; a lower LTV means you have a larger down payment and less debt. For example, if you’re financing a $250,000 home purchase with a 20% down payment of $50,000, your LTV ratio would be 80% ($200,000/$250,000). But if you put 10% down instead ($25,000), your LTV would increase to 90% ($225,000/$250,000) and so would your monthly mortgage payment increase per month which can make a big difference per year. While putting less money down will usually mean having to pay more each month in order to finance your loan over its lifetime, there are other factors that can help offset that monthly increase such as taking advantage of larger tax breaks with a lower mortgage balance or having more lenient approval requirements with government-backed loans like FHA loans.  When deciding how much of a down payment to make on a second home purchase, it’s important to consider how it will affect your monthly mortgage payment. A larger down payment will usually mean a lower monthly payment—but there are other factors to consider as well such as the size of your tax break and approval requirements for government-backed loans. Work with a local lender to find the option that makes the most sense for your financial situation. Second Home in South Carolina Is now a good time to buy a second home?  Despite the projected increase in mortgage rates, now may still be a good time to buy a second home. Mortgage rates are still near the average, and there is expected to be an increase in inventory as more sellers put their homes on the market. So, if you’ve been thinking about purchasing a second home, you may want to start your search sooner rather than later. If you’re planning on purchasing a second home in South Carolina, it’s important to know that mortgage rates are expected to go up in 2023. The Federal Housing Finance Agency has announced targeted increases to Fannie Mae and Freddie Mac’s upfront fees for second home loans which will take effect in January. While this may not seem like a big increase, it could add up to thousands of dollars over the life of your loan. However, now may still be a good time to purchase a second home as mortgage rates are near historic lows and there is expected to be an increase in inventory. How to Afford a Second Home in South Carolina A second home is a big purchase—but it doesn’t have to be out of reach. With a bit of financial planning, you can make your second home dreams a reality. In this blog post, we’ll explore some creative financing options for second-home buyers in South Carolina. Private Lenders One option for financing a second home purchase is to work with a private lender. Private lenders are individuals or groups who are willing to loan money for the purchase at a higher interest rate than what you would get from a bank. The benefits of working with a private lender include finding someone who is willing to work with you on terms that fit your budget and timeline. The downside is that private lenders may not be as regulated as banks, so it’s important to do your homework and make sure you’re working with a reputable lender. Home Equity Loan If you have equity in your primary residence, you may be able to take out a home equity loan to finance the purchase of your second home. A home equity loan is a loan that is secured by the equity in your home—in other words, the portion of your home that you own outright. The benefits of taking out a home equity loan include lower interest rates and potential tax deductions. The downside is that if you default on the loan, you could lose your primary residence. Self-Directed IRAs Another option for financing a second home is to use funds from a self-directed IRA. A self-directed IRA is an individual retirement account that allows you to invest in alternative investments, such as real estate. Buying A Second Home A second home purchase can be a great investment, but it’s important to consult with your financial planner and local real estate expert to make sure you’re getting the most out of your investment. -Your goals for the property will help determine what kind of property you should buy. If you want to use it as a vacation spot, then you’ll likely look for something in a popular tourist destination. If you plan on using it as an income property, then you’ll need to consider things like zoning laws and rental potential. -Local market conditions are also important to consider when purchasing a second home. Make sure that the market where you want to buy is stable and has healthy appreciation rates so that your investment will grow over time. There are plenty of options available for second-home buyers looking to stretch their finances further. By considering all of your options and consulting with Jerry Pinkas Real Estate Experts 843-839-9870 help you can find the perfect financing solution for your second home purchase.