2311 S Ocean Blvd.

Myrtle Beach, 29577 · SCHOONER AT COMPASS COVE - MB SOUTH

$129,300

Studio 1 bath 380 sqft

Estimated monthly payment

$1,454/mo

Est. 20% down, 6.5% rate, taxes, insurance, and HOA. Not a loan quote.

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Forturro local-comp estimate

$405,000

Informational estimate from 200 nearby active records; not an appraisal or AVM.

Your take

About this property

Compass Cove Unit 243 – Strong Investment Opportunity | Oceanview A Turnkey income-producing beachfront condo in Compass Cove Resort’s Schooner Building. This fully renovated 2nd-floor unit was remodeled in 2025 with new LVP flooring, fresh paint, updated kitchen finishes, modern furnishings, and upgraded appliances. Features new sliding glass doors leading to a private balcony with direct ocean views; Plus a new HVAC system installed in May 2026 for improved efficiency and reduced maintenance costs. Located in a high-demand oceanfront resort along the Grand Strand, offering 23 water amenities including multiple indoor/outdoor pools, kiddie pools, lazy rivers, and hot tubs—driving consistent rental appeal year-round. Prime location just 1 mile from MYR Airport and Coastal Grand Mall, near new retail Market Common (Walmart), Dining—ideal for vacation renters. Beach access and Indoor parking are steps from the unit that adds convenience for guests. Excellent opportunity to own for short-term rental income, second home, or portfolio addition in a proven Myrtle Beach rental market.

What stands out

From the MLS listing description

Compass Cove Unit 243 – Strong Investment Opportunity | Oceanview A Turnkey income-producing beachfront condo in Compass Cove Resort’s Schooner Building.
This fully renovated 2nd-floor unit was remodeled in 2025 with new LVP flooring, fresh paint, updated kitchen finishes, modern furnishings, and upgraded appliances.
Features new sliding glass doors leading to a private balcony with direct ocean views; Plus a new HVAC system installed in May 2026 for improved efficiency and reduced maintenance costs.

Facts & features

Status: Active
Property type: Condominium
Bedrooms: Studio
Bathrooms: 1
Living area: 380 sqft
Year built: 1972
Subdivision: SCHOONER AT COMPASS COVE - MB SOUTH
County: Horry
Days on market: Listed today
HOA: $709 / month
MLS #: 2613973

Property PulseLocal market contextSame-type resale MLS activity.

Same residential type · resale only · ZIP 29577.

Active: 1077
Under contract: 181
Sold · 90d: 360

Live MLS listing data as of now. Informational only; not an appraisal or valuation.

Property & area research

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Parcel / PIN44502010123

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Estimated total monthly

$1,454/mo

$654 principal & interest · $92 taxes & insurance · $709 HOA

Down payment20% · $25,860

Interest rate

Term

Loan amount $103,440. Estimate only — taxes, insurance, and HOA are approximate. Not a lending quote.