Carolina Forest is the area west of the Intracoastal Waterway between Highway 501 and International Drive. The first communities of Waterford Plantation and Spring Lake were developed in the late 90s, and the area rapidly developed thereafter. It is no wonder that the Carolina Forest area was one of the most hit areas of Myrtle Beach when it came to short sales, as most of the developments were sold out during the Myrtle Beach real estate boom of the mid 2000s. Although the prices have started to go back up recently in the Carolina Forest area, there are still some opportunities to gain instant equity in your home or condo with a short sale purchase. Many have gotten a sour taste in their mouths over the past several years with the process and uncertainties surrounding the purchase of a short sale. The process has gotten better for the most part, and many times short sales are the best way to purchase a property at a great value.
Avalon and Bellegrove were hard hit communities that saw a lot of short sales because many investors purchased in those communities. As expected, ones investment property is the first to go when times get tough. Plantation Lakes is another community on the upper end that noticed a significant amount of short sales. This community saw so many as a community where many purchased to "Keep up with the Jones's". Although the short sale market has slowed some as the prices start to creep back up, there are still some great deals to be had if you have the patience.
This fantastic lot is located in Waterbrige a gated high-end development. This large lot has many mature trees though out. This is a great opportunity to build your dream...
Listing courtesy of Century 21 The Harrelson Group , John Lindstrand.
There's a new price on this Plantation Lakes 4BD/3.5BA lakefront beauty with over 3900 heated sf! Have a blast this summer in your private backyard with your in-ground sa...
Listing courtesy of RE/MAX Southern Shores , Anna Marie Brock.
Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2020 of the Coastal Carolinas Association of REALTORS® MLS. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.