Condo Hotel Center: Property Alert

May 30, 2006

New Oasis at Sea Mist Resort

Myrtle Beach, SC Condo Hotel

Discover sun, fun and the good life.

Prices start at just $263,900!

Hi, it's Henry Perfilio from Condo Hotel Center. I have to tell you, I'm especially excited about this latest property. "Why?" you ask?

Well, aside from the fact that it's an incredible opportunity to buy the vacation home of a lifetime, this property is located in my home city, Myrtle Beach.

Ok I admit it, I'm a little biased. I've been telling my friends and family for years how amazing Myrtle Beach is. How it's the East Coast's "hidden jewel" - not to mention the furthest north you can go and still see palm trees (I bet you didn't know there were palm trees in South Carolina, did you?).

From swim-worthy beaches to the most spectacular golf courses in the nation, folks everywhere are discovering why Myrtle Beach is one of the nation's top vacation destinations. And now Condo Hotel Center is giving you a chance to get in on the action!

New Oasis at Sea Mist Resort
Today's featured property is located in Myrtle Beach's most popular traveler hotspot, the magnificent Sea Mist Resort. Sea Mist has recently partnered with local developer Strand Capital Group, LLC on a sensational, $800 million redevelopment project, designed to make Myrtle Beach the ultimate vacation destination.

Phase I will include a 20-story high-rise called New Oasis, which will feature condo hotel units with stunning views of the Atlantic. And now the first of 273 total units are available at early pre-construction prices.

New Oasis will be the first new building at Sea Mist Resort, with 273 luxury condo hotel units overlooking the ocean.

I'll give you more details about these units in just a minute . . . but first I want to give you a little background on Sea Mist, an oceanfront paradise on South Carolina's "Grand Strand."

The Legendary Sea Mist Resort
Sea Mist first opened in 1954 as a nine-unit hotel on the shores of a budding Myrtle Beach, and was open for business from Memorial Day through Labor Day. As the beach "season" grew, owners Jason and Tena Ammons quickly saw the area's potential and began positioning Sea Mist as a year-round vacation destination.

By 1968, Sea Mist grew to 77 units, with a swimming pool, tennis court, and coffee shop. Now, the Ammons' four children, Neil, Chick, Marty and Steve, were part of the family business. Time passed, and by 1982 the resort included 313 units and its first indoor pool. Expansion continued through the 1980s, as the Sea Mist added a conference center, water park, and a pedestrian tunnel under Ocean Boulevard, plus offered over 800 units.

Sea Mist features its own water park and mini-golf course right on-site at the resort.

In 1991, the Ammons' purchased the Grand Strand Amusement Park, and with several key updates, reopened the site as Family Kingdom Amusement Park - with more than 35 rides and the distinction of the only oceanfront water park at Myrtle Beach. Today, the Ammons family remains active in the Sea Mist organization.

Sea Mist Resort highlights:

• The largest resort water park in Myrtle Beach (and it's heated, too!)
• 8 outdoor pools, 1 heated indoor pool and 6 kiddie pools
• 3 irresistible resort Jacuzzis
• The Castle-in-the-Mist, a state-of-the-art, multi-level play station
• 3,000 square foot children's activity pool
• Huge arcade with over 120 video games
• Misty Falls Miniature Golf
• Fitness center, fully equipped

The Sea Mist Resort, Myrtle Beach's largest oceanfront resort, is about to be part of an $800 million redevelopment project.

A Redevelopment Spanning 12 Acres
The Sea Mist Resort has established itself over 50-plus years as Myrtle Beach's largest and most complete oceanfront resort. The redevelopment project, which includes over 1,500 oceanfront and ocean view condos as well as a host of brand-new resort amenities and attractions, will undoubtedly ensure Sea Mist's dominance in the area. Myrtle Beach councilwoman Susan Grissom Means called the revamp "the most beautiful project that we've ever had brought to the city."

The all-new Sea Mist Resort will span 12 acres and feature the largest resort water park in Myrtle Beach, water playscapes, relaxing lazy rivers, crystal clear swimming pools and Jacuzzis in addition to the many other expanded resort features and unit upgrades. The resort will also feature a unique collection of shops, restaurants and multiple sophisticated fitness centers.

The design of the new Sea Mist will feature lush landscaping and elegant architecture reflective of the original resort.

The Sea Mist project is so large, it will be completed in seven phases over the course of nine years. The estimated start date is in spring 2007 and estimated completion date is in summer 2016.

When done, Sea Mist Resort will feature:

• Several heated outdoor and indoor pools
• Over two-acres of water parks, exterior plazas and spacious pool decks
• State-of-the-art fitness facilities
• Over 20,000 square feet of eclectic shops and other commercial areas
• Two parks, widened sidewalks, enhanced landscaping and other enhanced open spaces
• Restaurants, seaside patio dining, coffee shops, cafés and other eateries

Now, with the pre-release of Phase I (yes, you have a chance to get in that early!), you'll have the unprecedented opportunity to own a piece of "the Mist" for yourself!

A "New Oasis" Emerges From the Mist
During redevelopment, all existing structures at Sea Mist will be demolished and replaced with new structures except for the Tides and Driftwood buildings, which will receive a "facelift."

Rising above these two buildings will be a horseshoe-shaped twin set of towers, two 20-story buildings called New Oasis. All units will have private balconies and excellent views of the ocean.

New Oasis, the taller building pictured above, will offer family fun amenities like a water "playscape" and lazy river.

In addition to the existing amenities of the Sea Mist Resort, owners of New Oasis units will enjoy the following features:

• Private balconies with spectacular views
• Premium furniture and appliance package
• Water "playscape," swimming pool
• Lazy river for relaxing floating
• Spacious sun deck
• Fitness facility with sauna, steam room and private dressing area
• Restaurant and lounge with outdoor patio seating
• Full housekeeping, security and concierge services

People Everywhere are Discovering the "Grand Strand"
The Myrtle Beach area, also known as South Carolina's Grand Strand, is a 60-mile stretch of wide beaches along the Atlantic Ocean. The Grand Strand begins at the South Carolina state line at Little River (in Horry County) and stretches south through Pawleys Island (Georgetown County).

Myrtle Beach is located within a single day's drive of over 40% of the U.S. population!

Myrtle Beach was incorporated in 1938 and became a city in 1957. In the 1960s, a golf boom began, with new courses being built each year.

In the 1970s and '80s, construction of attractions, homes, retail shops and other amenities increased steadily, paving the way for another boom in the early '90s and earning Myrtle Beach recognition as one of the fastest growing areas in the nation. The area's population grew 36.5% over the past decade!

Today it boasts the following:

• Over 14 million visitors per year
• 120 golf courses
• 50 miniature golf courses
• 200 tennis courts
• 1,800 restaurants
• 8 live entertainment venues

The burgeoning number of activities, live-music theaters, shopping centers and golf courses attracts people steadily throughout the seasons. Conveniently located within a single day's drive of over 40% of the U.S. population, Myrtle Beach is one of the most popular beach destinations on the East Coast.

The whole nation's buzzing about Myrtle Beach!

• The Travel Channel named Myrtle Beach one of America's Best Beaches for 2003-2004.
  
  
• In terms of cleanliness, scenery, climate, water temperature and romance, Myrtle Beach beat out exotic locales such as Waikiki and St. Thomas in an online poll of favorite beaches conducted by Yahoo! Travel and National Geographic Traveler magazine.
  
  
• The Grand Strand was named one of the nation's top vacation spots for retired Americans age 55 and older, according to tourism researchers D.K. Shifflet & Associates.
  
  
• Sports Illustrated magazine and the National Recreation and Park Association dubbed Myrtle Beach "Sportstown USA" in 2004 in reference to its 120 golf courses and large number of parks and recreation facilities.

… and Real Estate is Soaring!
I have been in Myrtle Beach for 10 years selling real estate, and I know the market. No doubt about it: The Grand Strand is red-hot right now, and things are only going to get hotter!

Third-quarter statistics in 2005 showed that local real estate jumped 16.5% in one year. Myrtle Beach is what Miami and Fort Lauderdale were a decade ago; it's just coming into its own. Right now prices on these initial properties are affordable, but it won't be long before they reach the elevated levels you see in other super popular vacation destinations.

Get Your Driver in Gear . . . Myrtle Beach is Golf-Tastic!
Myrtle Beach has been dubbed "The Golf Capitol of the World," showcasing over 120 championship courses. The area's golf courses have been designed by some of the best-known names in golf, including Jack Nicklaus, Arnold Palmer, Rees Jones, Greg Norman, Tom Fazio and Davis Love III.

Course architects have taken great care and consideration in protecting the natural habitat and wildlife indigenous to this area while creating technically challenging golf courses. Golfers will enjoy a serene, idyllic setting while getting in touch with their competitive side!

"Sea" All There Is to See in the Grand Strand!
From stunning beaches . . . to thrilling amusement parks . . . to lively nightlife and theater performances, Myrtle Beach offers fun and adventure around every corner! Whether you're looking for a quiet getaway or non-stop action, this seaside gem will put a smile on your face.

Swim the Mildest Waters on the East Coast
If you're drawn to the water, get ready for a wave of opportunities in Myrtle Beach. Of course, the Atlantic Ocean is one of the biggest reasons so many families visit Myrtle Beach year after year. The clean, broad beaches which characterize this region are extremely inviting and the water temperatures are surprisingly warm.

The city's oceanside location also serves up a diversity of water sports. Try parasailing, scuba diving, or deep sea fishing (hey, you might even catch dinner!).

World's First Hard Rock Park Coming to Myrtle Beach
The Grand Strand brings out the kid in all of us with over 50 miniature golf courses, legendary amusement parks, water parks, Ripley's Aquarium, and the Children's Museum of South Carolina. You'll also find wax museums, curiosity shops, race cars, and mazes . . . the fun never ends!

Just opened in 2006 is the Ripken Baseball Experience which allows children an opportunity to train and compete in a state-of-the-art baseball facility personally designed by Cal and Bill Ripken.

Here's more exciting news: Myrtle Beach will be the site of the world's first Hard Rock Park, a $400 million, 140-acre major theme park, opening in 2008!

World-Class Dining and Entertainment
Feeling a little hungry? From family style buffets to fine dining, ethic cuisine to Low Country specialties, Myrtle Beach features restaurants to whet any appetite. Visit the Hard Rock Café, or plan a short excursion to the renowned seafood of Calabash or Murrells Inlet. Or just enjoy a delicious, hearty pizza or a family picnic at the beach. In this city, you'll find a dining option perfect for any taste or budget.

Myrtle Beach continues to offer the best in live entertainment, with everything from Broadway shows to the House of Blues. Kick up your heels with Radio City Music Hall's Rockettes or a local band. Enjoy dinner theaters such as Dixie Stampede and Medieval Times. Or perhaps a casino boat cruise or the Sun Fun Festival is more your style. Myrtle Beach offers endless options for entertainment, every day of the week.

Meet the Developers Behind New Oasis
The new Sea Mist Resort is being developed by Strand Capital Group, LLC. Strand Capital is a creative real estate development company specializing in oceanfront condominiums. The firm brings a strong track record of other successful developments along the Grand Strand including six other prominent projects. Recent Strand Capital Group developments include the Bay Watch Resort & Conference Center, the Carolinian Beach Resort, and Fairfield Ocean Drive, all in the Myrtle Beach area.

New Oasis is being designed by Timbes Architectural Group, the largest architectural firm along the Grand Strand. Timbes specializes in resort accommodation projects and has completed many large-scale developments in North Carolina. President Larry Timbes has more than 30 years of experience and has been personally involved in over $1 billion worth of construction.

New Oasis Amenities and Suite Features

Two-Bedroom Floor Plan

You'll have your choice of three different floor plans when selecting your luxury suite at the New Oasis. The tastefully appointed one-, two- and three-bedroom condo hotel units range from 548 square feet to 1,364 square feet. The top five floors of the 20-story tower will enjoy magnificent direct ocean views, while the lower units will have angled ocean views.

Suite amenities include:

• Private balcony with spectacular view
• Premium furniture
• Luxury linens and bedding
• High-end appliance package
• 37" TV in living room and 32" TV in bedrooms
• Solid wood doors
• Glass-top range
• Solid surface countertops

The Rental Program
The condo hotel units at the New Oasis at Sea Mist Resort will be operated as a luxury resort hotel. Owners will have the opportunity to participate in a convenient, professionally-managed rental program with the resort.

Unlike many rental programs, owners at New Oasis will be able to use their suite as often as they wish throughout the year - no occupancy restrictions apply! More information on how the rental program works is available upon request from our on-site contact.

Affordably Priced, Reserve Your "Piece of the Mist" Now!
You know we at Condo Hotel Center like to get you in on projects as early as possible. Well I have good news for you. New Oasis has just become available and in fact is in the pre-release stage of Phase I. If you reserve your suite now, you can get in while the prices are at their absolute lowest and while selection is greatest. Prices at New Oasis range from $263,900 to $697,900.

A deposit of $5,000 is required to reserve your condo hotel suite at the New Oasis, with a 10% balance expected to be due winter/spring of 2007.

Want More Information?
Remember, the time to stake your claim in Myrtle Beach is right now. New Oasis at Sea Mist Resort offers the best of all worlds: the luxurious amenities of a world-class waterfront resort, the excitement of a premier vacation destination, and a real estate investment in a city where double-digit appreciation is the norm!

If you'd like to get more details about New Oasis at Sea Mist Resort, we've prepared a data sheet. In accordance with developer requirements, to receive it you must provide your contact information (name, address, phone, e-mail) and you'll be registered with New Oasis as a client of Condo Hotel Center.

Click here to request a data sheet for New Oasis at Sea Mist Resort.

Thanks for Your Interest in This Property!
As always, we appreciate your business and interest in our Condo Hotel Center Property Alerts. We also remind you to check out the New Listings on our website every now and then, since we're constantly updating them.

If you know anyone else who'd like to receive our Property Alerts, feel free to forward this newsletter and suggest that they, too, sign up for our Property Alerts.

Thank you for choosing Condo Hotel Center as your information source for all things condo hotel!

Henry Perfilio
Licensed Real Estate Agent
Condo Hotel Center
A Division of Sheldon Greene & Associates, Inc.
843.685.9281
Henry@CondoHotelCenter.com
www.CondoHotelCenter.com

© Copyright 2006 Condo Hotel Center

* All rights reserved. No portion of this Property Alert may be reproduced, exhibited or distributed without the express written permission of Condo Hotel Center. Although Condo Hotel Center believes the information contained in this Property Alert to be accurate and complete, Condo Hotel Center can make no such guarantee.