The Riviera will redefine luxury in Myrtle Beach

The Riviera will offer 116 large, luxury units on seven and half acres in a residential resort that will not allow rentals of less than one year.

• Located between 77th and 79th avenues North, west of Ocean Boulevard, The Riviera will offer large units (1,800 square feet to 4,962 square feet) designed for luxury, permanent living and priced from $800,000 to $2.5 million.

• The Riviera will offer amenities seen in few previous developments - private cabanas, individually owned garages and private elevators that take owners directly into their units. The rooms have ocean views from the third floor up with a single-family home development between it and the ocean.

• The resort will have formal gardens, singing fountains, two acres of pools, and live oaks will be left throughout the property.

The Riviera is tailored for wealthy baby-boomer buyers looking for a permanent luxury home near the ocean with little upkeep. The project is an example of how new construction on the Grand Strand is moving toward larger, permanent units to balance the glut of rental units on the market.

• Tom Maeser, market analyst and president of the Fortune Academy of Real Estate, said the market is right for an off-ocean permanent homeowner luxury resort.

• “The market has indeed changed. I think their timing is now probably pretty good,” Maeser said.

There has been so much demand for The Riviera that a drawing will be held on Oct. 14 where buyers’ numbers will be pulled from a hopper to pick their unit.

Source: Jenny Burns, The Sun News, Myrtle Beach

For More Information – contact Barbara Chartier at 843-902-0204.