Local Company Nourishes Tidal Wave of Myrtle Beach Condos and Preconstruction
New Resorts LLC, Myrtle Beach’s number one internet source of oceanfront renovation and preconstruction condos announces the record-breaking sellout of three new oceanfront/ocean-view resorts, featuring some 660 units valued at more than $220,000,000.
Myrtle Beach, SC (PRWEB) May 31, 2005 -- With the release of Prince Resort @ The Cherry Grove Pier, and the Bayview and Avalon Resorts in downtown Myrtle Beach, the response of
condominium buyers has been overwhelming and unprecedented. In addition, New
Resorts is in the planning stages with many of its development partners on some
of the largest condo developments in the Grand Strand. They are also marketing
Carolina Beach condos in North Carolina, (Park Place) as well
as a Turks and Caicos Islands project.
David O’Connell, of
New Resorts, is Myrtle Beach’s leading expert in the oceanfront preconstruction market, and indicates that the company
presently has more than six hundred million dollars of resort property in
various stages of sales, planning, preconstruction and development.
New
Resorts is brought in by developers to sell 90 percent of the units in order to
meet lending requirements. By pre-selling enough units to cover most of the
developer’s land and construction costs, it ensures the lenders a level of
comfort, and provides the buyers with special preconstruction pricing. Myrtle
Beach is one of the country’s best family vacation spots. With about 13.5
million people visiting the Grand Strand every year, the strong economy and
growing popularity of Myrtle Beach as a tourist destination contributes to the
strong demand for oceanfront condos as well as investment
properties.
David came to Myrtle Beach eight years ago and quickly became
number one for promoting oceanfront preconstruction condominiums.
He has always had a knack for staying ahead of the curve. With early purchases
of internet domain names like PreconstructionCondos.com, NewResorts.com,
InvestmentCondos.com, OceanfrontRealEstate.com, and a host of others, O’Connell
knew that his combination of oceanfront real estate business, preconstruction real estate sales, and internet savvy would
keep him busy for many years to come. He is always looking at things from a
marketing prospective.
Douglas Clayton of Real Estate 1031
Exchange Company in Winston-Salem NC, and O’Connell’s business partner, says
that he has never met a person with as many successful real estate projects
going on at the same time.
O’Connell explains, “I have been extremely
lucky to have as many smart & trustworthy partners as I have in my 15-plus
partnerships. Each partner specializes in just one or two things and because of
my relationships, I have an open invitation for myself as well as my investors
to participate. I have partners that buy, develop and sell: Shopping Centers,
Large Residential Apartments, Medical Facilities, and High-rise Oceanfront
Resorts; as well as Golf Course and Large Residential Developments. I have found
by helping people invest into real estate projects they wouldn’t normally have
access to, it has diversified my clients as well as my own real estate
portfolio.“
Lane Yates of Yates Development in Salisbury NC is another
of David’s close associates. “I met David many years ago and finally found a
deal that we could both participate in called The Salisbury Village, a 26 acre
commercial track at the corner of Jake Alexander Blvd and Route 150, in
Salisbury.” Yates continues; “David seems to have this way of placing the right
investors with the right real estate investment
projects (A Deal Match-Maker). He also is building the most dynamic resort condo
sales and marketing machines in the southeast and the Caribbean. David envisions
the kind of resorts and developments his buyers & investors would be most
attracted to, and then finds the oceanfront land to develop those projects. He’s
one of those guys you just want to do a deal with.”
Yates developed an
interest in Turks and Caicos real estate,
and with O’Connell, is embarking on a 60 acre oceanfront/bayfront project called
Sailview Resort. The project will be ready for preconstruction release in the
summer of 2005. O’Connell says that Lane researches a deal 20 different ways
backwards and forward, and they compliment each other’s talents, which makes a
great team.
David also targets motel owners that have a great piece of
land, under a less efficient hotel or motel. Then he creates a vision that a
hotel/motel operator sees as a win-win proposition. The operator ends up renting
out a brand new oceanfront high-rise resort with state-of-the-art facilities,
and the buyer is pleased with a discounted preconstruction price and an elegant
new condominium to either rent or sell.
“There is definitely going to be
a shortage of oceanfront land in the not so distant future.”, predicts
O’Connell. ”Investors are buying preconstruction
condos with the intent of either selling them at completion or holding on to
them and renting them out to vacationers.”
With no limit yet in sight to
the many preconstruction opportunities, New Resorts will continue to be the top
source for investors and beach-lovers wanting to buy new condos in Myrtle Beach, the North Carolina Beaches, and
even internationally.
For more information, and to get on the mailing
list to be informed of new construction developments, visit the website below or
call David O'Connell at 843-455-5500.
New Resorts LLC
2423 Hwy 17
South
North Myrtle Beach, SC 29582
http://www.newresorts.com
1-866-94-SALES
(866-947-2537)
(843) 361-SALE (843-361-7253)
(843) 602-SALE
(843-602-7253)
(843) 272-1347 (Fax)
Also see our other press release
at:
http://www.prweb.com/releases/2004/12/prweb183626.htm
#
# #
Source : http://www.prweb.com/releases/2005/5/prweb245942.htm