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UNITED STATES
BANKRUPTCY AUCTION
39 Oceanfront Condominiums
In The Sand Castle
South Beach Resort
Myrtle Beach, SC
ONLINE AUCTION
SEPTEMBER 15 TH
AT 11 AM ET
Fisher Auction Company | 2112 East Atlantic Boulevard | Pompano Beach, Florida, 33062
www.Fisherauction.com
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CONTENTS
OVERVIEW
UNIT SPREADSHEET
PROPERTY PHOTOS
AERIAL MAPS
LOCATION MAP
AUCTION SUMMARY
COMMUNITY OVERVIEW
TEAM SUMMARY
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10
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Executive Summary
US BANKRUPTCY
AUCTION
800.331.6620 www.Fisherauction.com
DISCLAIMER AND CONFIDENTIALITY THIS AUCTION PROPERTY PACKAGE HAS BEEN PREPARED SOLELY FOR INFORMATION PURPOSES TO ASSIST A POTENTIAL BIDDER IN DETERMINING WHETHER IT WISHES TO PROCEED WITH AN IN-DEPTH INVESTIGATION OF THE PROPERTY. THE SELLER AND ITS AGENTS, CENTURY 21 AND FISHER AUCTION COMPANY, SPECIFICALLY DISCLAIM ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY OR COMPLETENESS OF THIS PROPERTY INFORMATION PACKAGE OR OF ANY OF ITS CONTENTS. ALL FINANCIAL INFORMATION IS PROVIDED FOR GENERAL REFERENCE PURPOSES ONLY. THE PROPERTY IS BEING SOLD IN "AS IS," "WHERE IS" CONDITION AS OF THE DATE OF THE CLOSING THEREON. THE SELLER WILL MAKE NO AGREEMENT TO ALTER, REPAIR OR IMPROVE THE PROPERTY. THE SELLER, CENTURY 21 AND FISHER AUCTION COMPANY DISCLAIM ANY WARRANTY, GUARANTY OR REPRESENTATION, ORAL OR WRITTEN, PAST OR PRESENT, EXPRESS OR IMPLIED, CONCERNING THE PROPERTY DISCUSSED IN THIS PROPERTY INFORMATION PACKAGE. THE SELLER, CENTURY 21 AND FISHER AUCTION COMPANY HAVE ONLY LIMITED KNOWLEDGE OF THE CONDITION OF THE PROPERTY. THE PURCHASE OF THE PROPERTY WILL BE BASED SOLELY ON A BUYER'S OWN INDEPENDENT INVESTIGATION AND FINDINGS AND NOT IN RELIANCE ON ANY INFORMATION PROVIDED BY THE SELLER, CENTURY 21 AND FISHER AUCTION COMPANY.
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OVERVIEW
Executive Summary
US BANKRUPTCY
AUCTION
Fisher Auction Company and Century 21-The Harrelson Group as exclusive marketing agents, are pleased to
offer 39 Oceanfront Condominiums in a package purchase in Sand Castle South Resort in Myrtle Beach,
South Carolina
PROPERTY HIGHLIGHTS
• 39 Oceanfront Condominiums in Prime South Beach Location of Myrtle Beach, South Carolina
• 16 One Bedroom, One Bathroom and 23 Efficiency Units
• Amenities include Indoor Pool, Endless River, Oceanfront Lawn Area, Kiddie Pool, Whirlpool, Seasonal
Oceanfront Café and Poolside Cabana Bar, and Oceans 22 Lounge
• Beautifully Updated Lobby with Business Center
• Pristine White Sand Beaches and Breathtaking Ocean Views
• Walking Distance to Myrtle Beach Boardwalk and Promenade (1.6 Miles)
• Within Minutes to US Highway 17 and Myrtle Beach International Airport
800.331.6620
CONSTRUCTION FEATURES
• Built-Up Membrane Roof
• Solid Wood Doors
• Single Hung Windows
• Sliding Glass Doors
• CBS Construction
• Tile and Carpeted Flooring
• Individual Wall Units
• Fire Sprinklers Throughout
• One Parking Spaces per Unit in Attached
Parking Garage
• Original Construction in 1998
PROPERTY DETAILS
• Zoning: MU-H, Mixed Use High Density
• Frontage: 265± Feet along S Ocean Boulevard/ 280± Feet along The Atlantic Ocean • Utilities: Municipal Water and Sewer
• Building: 14 Story Oceanfront Condominium with a total of 240 Units. See Unit Spreadsheet for individual Unit Information • Land Size: 73,616± Square Feet / 1.69± Acres • HOA: E/1 Units - $548/Month 1/1 Units - $626.13 Month
HOA Fees include Common Area Maintenance, Insurance, Water, Cable TV, Wi-Fi, Electric and Trash Collection See Operating Budget Attached • Flood Zone: Zone VE – Panel No. 45051C0717K
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• The sale of the units will include miscellaneous furniture remaining in the units at time of closing. Certain furnishings may be removed without notice. Buyer agrees to purchase without a detailed list of the aforementioned furniture.
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UNIT SPREADSHEET
Executive Summary
US BANKRUPTCY
AUCTION
800.331.6620 www.Fisherauction.com
Unit Number
Size (SF)
PIN 2019 Tax
Assmt 2019 Taxes HOA Fees Bed/Bath Additional Notes
902 345 44502010414 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
903 345 44502010240 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
904 345 44502010415 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
905 345 44502010344 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
906 345 44502010319 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter,
newer stove and stainless appliances
907 345 44502010371 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter,
newer stove and stainless appliances
908 345 44502010320 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter,
newer stove and stainless appliances
909 345 44502010372 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
910 345 44502010241 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
911 345 44502010267 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
912 345 44502010345 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
914 345 44502010268 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
1103 345 44502010376 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
1104 345 44502010349 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
1105 345 44502010271 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
1106 345 44502010298 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
1107 345 44502010220 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter,
needs all new flooring,
1108 345 44502010221 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter,
floors very warn
1109 345 44502010299 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter,
needs mini fridge
1110 345 44502010272 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
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UNIT SPREADSHEET
Executive Summary
US BANKRUPTCY
AUCTION
800.331.6620 www.Fisherauction.com
Unit Number
Size (SF)
PIN 2019 Tax
Assmt 2019 Taxes HOA Fees Bed/Bath Additional Notes
1111 345 44502010247 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
1112 345 44502010273 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter,
needs all new flooring,
1114 345 44502010350 $58,000.00 $1,031.31 $548.00 E/1 needs bedding including comforter
901 527 44502010293 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter
915 510 44502010215 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter
916 510 44502010294 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter
917 510 44502010295 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter, missing tv in bedroom, no tv in LR
918 510 44502010216 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter,
missing tv in bedroom, needs bath-room door, no tv in LR
919 510 44502010217 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter,
may need a new stove
920 510 44502010346 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter,
missing tv stand
921 527 44502010269 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter
1101 527 44502010375 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter,
floors a bit scuffed
1115 510 44502010377 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter
1116 510 44502010325 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter
1117 510 44502010378 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter
1118 510 44502010326 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter
1119 510 44502010248 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter,
may need HVAS maintenance
1120 510 44502010420 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter
1121 527 44502010351 $78,000.00 $1,369.17 $626.13 1/1 needs bedding including comforter,
needs new burners for stove
$2,582,000.00 $45,626.85 $22,622.08
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INTERIOR SAMPLE PHOTOS
Executive Summary
US BANKRUPTCY
AUCTION
800.331.6620 www.Fisherauction.com
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INTERIOR SAMPLE PHOTOS
Executive Summary
US BANKRUPTCY
AUCTION
800.331.6620 www.Fisherauction.com
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EXTERIOR PHOTOS
Executive Summary
US BANKRUPTCY
AUCTION
800.331.6620 www.Fisherauction.com
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AMENITIES PHOTOS
Executive Summary
US BANKRUPTCY
AUCTION
800.331.6620 www.Fisherauction.com
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AERIAL MAP
Executive Summary
US BANKRUPTCY
AUCTION
Sand Castle Resort
Myrtle Beach
International Airport
800.331.6620 www.Fisherauction.com
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LOCATION MAP
Executive Summary
US BANKRUPTCY
AUCTION
800.331.6620 www.Fisherauction.com
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LOCATION MAP
Executive Summary
US BANKRUPTCY
AUCTION
800.331.6620 www.Fisherauction.com
Sand Castle Resort
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AUCTION SUMMARY
Executive Summary
US BANKRUPTCY
AUCTION
AUCTION
METHOD
• Online Auction with an Opening
Bid of $795,000 ($30,000.00 above
the pending approval of Stalking
Horse Bid) plus a Seven Percent
(7%) Buyer’s Premium added to
the Final Bid.
• The Online Auctions will be held
on Fisher Auction Excusive Auction
Platform at Bid.fisherauction.com
QUALIFIYING BIDDER
REQUIREMENTS • Seventy-Five Thousand Dollars
($75,000.00) shall be delivered to the
Association’s attorney, as Escrow Agent,
via a wire transfer no later than 5:00PM
Eastern Time two (2) business days prior
to the date on which the Auction is to be
conducted (the “Auction Date”). All Bid-
der Deposits shall be held in trust by the
Association’s attorney, Nexsen Pruet,
LLC, as Escrow Agent for deposits made
in connection with the Auction.
• An additional escrow deposit totaling
10% (ten percent) of their final bid by
wire to the escrow account of Nexsen
Pruet, LLC and must provide the Trustee
with proof by 12:00 PM ET on the day
following the auction.
BROKER
PARTICIPATION • 2% of the Final Bid Price
• Call 800.331.6620 or visit
www.fisherauction.com for the
Mandatory Real Estate Buyer
Broker Participation Registration
Form.
Auction Date / Time: Tuesday, September 15, 2020
Beginning at 11:00 AM ET
Ending at 1:00 PM ET
Property Address: 2207 S Ocean Boulevard, Myrtle Beach, South Carolina 29577
Property Location: Prime location in the Heart of Myrtle Beach just East of
US Highway 17 on S Ocean Boulevard.
Property Tours: By Appointment Only. Please contact Greg Harrelson at
843.457.7816 or [email protected]
By Order of the United States Bankruptcy Court District Of South Carolina
RE: Sand Castle South Timeshare Owners Association, Inc. Case No. 19-02764-JW
800.331.6620 www.Fisherauction.com
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COMMUNITY OVERVIEW
Executive Summary
US BANKRUPTCY
AUCTION
Myrtle Beach, South Carolina is where cherished memories are made along 60 miles of
beautiful coastline. Discover stunning sunrises over the Atlantic Ocean, fun days at the
beach, lush natural wonders, and grand new adventures. Savor our warm Southern
hospitality, fresh coastal cuisine, and our unique flavor of fun. Cherish these moments
together. Visit Myrtle Beach — where happiness comes in waves.
*INFORMATION OBTAINED FROM VISITMYRTALBEACH.COM
800.331.6620 www.Fisherauction.com
DEMAGRAPHIC
MYRTLE BEACH, SC
POPULATION 30,760
ANNUAL VISITORS 20.6 Million
TOURISM ECONOMIC IMPACT $7 Billion
AVERAGE HOTEL OCCUPANCEY RATE 59.7%
ANNUAL TOTAL PASSENGERS THROUGH 2,611,563
*INFORMATION OBTAINED FROM DATAUSA.IO AND MYRTLEBEACHAREACVB.COM
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TEAM SUMMARY
Executive Summary
US BANKRUPTCY
AUCTION
Century 21 and Fisher Auction Company have successfully partnered for many years. Selling Billions in Real Estate
separately, and Millions as a team, they understand what it takes to be successful, and work in tandem until the
job is done. Their professionalism as Partners, coupled with the unified goal of obtaining the absolute best price for
their client all while providing a transparent transaction for the Buyer, makes this team a success in whatever
venture they take on.
LAMAR FISHER PRESIDENT / CEO of
FISHER AUCTION [email protected]
954.942.9017
Lamar Fisher represents the third generation of executive leadership
for Fisher Auction Company as its President and CEO. For over 35
years, he has devoted his entire career life to all aspects of the
auction industry and is an industry leader and authority in marketing
of real estate via the auction process. He holds a degree from Palm
Beach State College, is a graduate of the Certified Auctioneers
Institute (CAI), and is an Accredited Auctioneer in Real Estate (AARE),
the highest designations earned by the Auction Marketing Institute.
With Fisher’s proven success rate, professionalism and dedication to
the auction industry, he continues to propel Fisher Auction Company
as one of the top firms in America, Puerto Rico and the Virgin Islands
serving Lenders, Receivers, Developers, Governmental Agencies,
Trust Companies, Municipalities, Real Estate Brokerage Firms, Private
and Public Equity Firms and REITS with sales in excess of $3 Billion.
GREG HARRELSON OWNER of CENTURY 21
THE HARRELSON GROUP [email protected]
843.457.7816
Greg Harrelson has been selling Real Estate full time for over 20
years, and has helped more than two thousand clients buy and sell
homes in the Myrtle Beach area. Greg's team has consistently been
ranked the #1 Sales Team in Myrtle Beach since their inception.
He is in the top 1% of all Realtors nationwide and is professionally
trained by one of the Nation's top coaching organizations. This keeps
the team 100% focused on the real estate business and allows for
consistent market condition updates. Greg and his support staff have
developed a comprehensive system to maintain excellent service and
client communication. They truly believe this will be your "Best Real
Estate Experience."
800.331.6620 www.Fisherauction.com
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FISHER AUCTION COMPANY
2112 EAST ATLANTIC BOULEVARD | POMPANO BEACH, FLORIDA 33062
WWW.FISHERAUCTION.COM
UNITED STATES
BANKRUPTCY AUCTION
39 Oceanfront Condominiums
In The Sand Castle
South Beach Resort
Myrtle Beach, SC