Fractional home ownership Myrtle Beach SC offers a more personalized and financially sound alternative to traditional vacation home purchases,
providing all the benefits of ownership at a fraction of the cost (pun intended). Unlike timeshares, fractional ownership comes with actual equity in the property, more flexible use, and the potential for financial gain. For those looking to enjoy a luxury vacation home without the full commitment of ownership, interval home ownership is an attractive option worth considering especially in SC resort communities such as Wild Dunes on Isle of Palms or Litchfield By The Sea in Pawley’s Island. Fractional home ownership, also known as co-ownership, partial ownership, or interval ownership, is an increasingly popular way for individuals to invest in luxury real estate without the full financial commitment of buying a property outright. Especially in Pawley’s Island and Litchfield By The Sea Resort. one of the more pricey towns of the Pee Dee and greater Myrtle Beach MLS market. This concept allows multiple buyers to purchase a share in a property, typically high-end vacation homes, and enjoy the benefits of ownership for a fraction of the cost. View all MLS listings of interval partial, co-ownership homes for sale below by price, town, type, beachfront intervals and more.
MLS Listings Data
| Total Listings: | 35 |
| Average Price: | $80,831 |
| Highest Listing Price: | $225,000 |
| Average Days On Market: | 115 |
| Average Price/SqFt: | $44 |
Pawley’s Island & Myrtle Beach Fractionals Co-ownership Interval Homes For Sale currently has thirty-five (35) for sale on MLS. Pawley’s Island & Myrtle Beach Fractionals Co-ownership Interval Homes For Sale listings have an average sales price of $80,831 ranging in price from $3,000 to $225,000. The average sq ft home size of Pawley’s Island & Myrtle Beach Fractionals Co-ownership Interval Homes For Sale Pawleys Island SC is 1,847 square feet. The largest property for sale is 4,710 sqft and smallest 690 sqft. View property listings for sale by price, street, subdivision, age, property type, location, features, size, and listing date, and time on MLS with an of 115 days on the market.
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$ 225,000
Very well maintained, quarter share interval, located on the 3rd floor of Captains Quarters Building D, with amazing views of the ocean, beaches, and common areas. Enjoy 13 weeks a year in your 3 bedroom and 3 full bathroom condo, with incredible views from the master bedroom, large great room, kitchen & dining area, and covered balcony. Other features to include a breakfast bar, sleeper sofa in great room, Large TV in great room and TV's in each bed room, full service laundry room, plantation shutters in the 2 front bedrooms, dining area table for 8, a reserved covered parking spot, and a storage cage for your beach gear. Pool, hot tub, and charcoal grills located in the Shipyard Village/Captains Quarters common areas. Litchfield By The Sea offers 24 hour gated security, Tennis & Pickleball Courts, walking and bike paths, fishing & crabbing areas, and beautiful beaches. Litchfield By The Sea is close to area dining and night life, shopping, championship golf courses, and only minutes from Murrells Inlet which is considered the seafood capital of South Carolina. Make your appointment today and don't miss out on your opportunity to own your very own piece of Pawleys Island, SC. Sunday Changeover.
$ 225,000
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Enjoy 13 weeks in this beautiful 3 bedroom oceanfront villa. Located in the exclusive Litchfield by the Sea Resort a gated ocean front community with clubhouse, sunning deck, bike/walking paths, fishing and crabbing docks and tennis/pickleball courts. This two-story villa offers a private patio with outstanding views of the Atlantic Ocean. Upstairs boast an open floor plan great for entertaining guests. All three bedrooms downstairs have their own private baths. Don't miss this opportunity own a slice of paradise without it owning you! All measurements and HOA information to be verified by the buyer.
$ 220,000
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Introducing the epitome of luxury coastal living in the prestigious Charlestowne Grant; an exquisite oceanfront interval house boasting 7 bedrooms, 7 and a half bathrooms, and an exclusive 4-week ownership per year. Nestled within the secure confines of the gated community of Litchfield by the Sea, this property is a true gem of the Lowcountry. With this interval ownership, you can enjoy 4 weeks of the year in this extraordinary property. Experience the best of Pawleys Island in every season, creating cherished memories with friends and family. The hassle-free interval ownership system ensures that the property is impeccably maintained year-round. Litchfield by the Sea offers a host of amenities, including tennis courts, walking and biking trails, a private oceanfront clubhouse, and a renowned fishing lake.
$ 199,900
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$ 185,000
Welcome to 431 Norris Drive, an exceptional Interval Ownership opportunity located in the prestigious South Litchfield Beach community. This magnificent oceanfront home offers the perfect blend of luxury and comfort, granting you 4 exclusive weeks per year to indulge in coastal living at its finest. The open-concept living and dining areas are perfect for entertaining, featuring expansive windows that flood the space with natural light and offer stunning ocean vistas. Enjoy your morning coffee or evening cocktails on the spacious decks overlooking the beach, or gather with friends and family for a barbecue while taking in the panoramic views. As an Interval Ownership property, 431 Norris Drive offers the benefits of owning a luxurious vacation home without the hassle and expense of full-time ownership. Enjoy four weeks per year in this stunning oceanfront retreat, making it the perfect investment for those who cherish their time at the beach.
$ 185,000
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$ 175,000
Welcome to your slice of paradise at North Litchfield Beach! This stunning oceanfront deeded interval property offers the perfect blend of luxury and relaxation all while being pet friendly. With 4 weeks per year & an option to purchase back to back shares for a total of 8 weeks, you'll have ample opportunity to unwind in this coastal haven. Enjoy breathtaking views and fresh ocean air from several balconies, perfect for morning coffee or sunset cocktails. Access all floors with ease thanks to the convenient elevator, making every corner of the property easily accessible. Indulge in spacious and elegant bedrooms, totaling six in number. Each bedroom is a private sanctuary, providing the perfect retreat after a long day plus enjoy the ultimate in convenience with six ensuite baths. Additionally, a well-appointed half bath adds to the convenience and functionality of this home. Embrace leisure time with a ping pong table and shuffleboard court, providing endless entertainment options for all ages. Whether you're seeking a peaceful retreat or an active coastal getaway, this oceanfront oasis has it all. Don't miss out on the opportunity to own a piece of paradise in North Litchfield Beach. Schedule your viewing today and start making memories that will last a lifetime!
$ 175,000
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$ 175,000
Welcome to 431 Norris Drive, an exceptional Interval Ownership opportunity located in the prestigious South Litchfield Beach community. This magnificent oceanfront home offers the perfect blend of luxury and comfort, granting you 4 exclusive weeks per year to indulge in coastal living at its finest. The open-concept living and dining areas are perfect for entertaining, featuring expansive windows that flood the space with natural light and offer stunning ocean vistas. Enjoy your morning coffee or evening cocktails on the spacious decks overlooking the beach, or gather with friends and family for a barbecue while taking in the panoramic views. As an Interval Ownership property, 431 Norris Drive offers the benefits of owning a luxurious vacation home without the hassle and expense of full-time ownership. Enjoy four weeks per year in this stunning oceanfront retreat, making it the perfect investment for those who cherish their time at the beach.
$ 175,000
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$ 175,000
Welcome to 431 Norris Drive, an exceptional Interval Ownership opportunity located in the prestigious South Litchfield Beach community. This magnificent oceanfront home offers the perfect blend of luxury and comfort, granting you 4 exclusive weeks per year to indulge in coastal living at its finest. The open-concept living and dining areas are perfect for entertaining, featuring expansive windows that flood the space with natural light and offer stunning ocean vistas. Enjoy your morning coffee or evening cocktails on the spacious decks overlooking the beach, or gather with friends and family for a barbecue while taking in the panoramic views. As an Interval Ownership property, 431 Norris Drive offers the benefits of owning a luxurious vacation home without the hassle and expense of full-time ownership. Enjoy four weeks per year in this stunning oceanfront retreat, making it the perfect investment for those who cherish their time at the beach.
$ 175,000
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$ 175,000
Interval Ownership Opportunity at North Litchfield Beach. Embrace coastal living with this exceptional 4-week interval ownership located just 100 feet from the pristine shores of North Litchfield Beach. Positioned on the coveted 2nd row, this spacious 6-bedroom, 6.5-bathroom home offers the perfect blend of luxury and comfort, ideal for family gatherings or a peaceful retreat. Designed with an inverted floor plan, the home takes full advantage of its stunning ocean views. Imagine waking up to the sight of the Atlantic, enjoying your morning coffee as the sun rises, and feeling the gentle ocean breezes from your expansive porches. Whether it's the warmth of summer, the crisp air of autumn, the mild winters, or the blooming beauty of spring, you'll experience every season at its finest. This property features ample space for entertaining, both inside and out. The living areas are designed to capture the coastal charm, with plenty of natural light and an easy flow from room to room. Each bedroom is a private sanctuary, complete with its own en-suite bath, ensuring comfort and privacy for all guests. The unbeatable proximity to the beach means that a day of sun, sand, and surf is always just steps away. After a day at the beach, rinse off in the outdoor shower, then unwind on the porch with a cool drink, listening to the waves roll in. Interval ownership gives you a full week in each season, offering the chance to enjoy North Litchfield Beach throughout the year without the responsibilities of full-time ownership. It's the perfect way to ensure regular beachside escapes in a stunning, well-maintained home.
$ 175,000
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Enjoy 13 weeks in your own private oasis in this 2 bedroom, 2.5 bath oceanfront villa. Located in the sought after Litchfield by the Sea Resort. This home offers the perfect blend of comfort and style, inviting you to unwind and indulge in the ultimate vacation experience. Step out onto the private balcony and enjoy your morning coffees while soaking in the breathtaking views of the Atlantic. Designated parking space and storage underneath building. Pools and cabana within beautifully landscaped courtyard with fountain and stream. Located within Litchfield By The Sea, a gated ocean front community with clubhouse and cabana overlooking the beach, bike/walking paths, fishing and crabbing docks and tennis courts. All measurements and HOA information to be verified by the buyer.
$ 175,000
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How Fractional Home Ownership Works
In a fractional ownership arrangement, a property is divided into equal shares, and each co-owner holds a deeded interest in the property. These shares usually represent a specific percentage of the property’s total value and grant the owner rights to use the property for a corresponding portion of the year. For example, if a home is divided into 12 shares, each owner would typically have access to the property for one month each year.
Co-owners share the costs associated with the property, such as maintenance, taxes, insurance, and management fees. These expenses are divided proportionally based on the ownership share. Fractional ownership offers a way to enjoy the perks of owning a vacation home—like having a consistent place to stay, the ability to customize the property, and potential financial appreciation—without bearing the full burden of costs.
The Difference Between Fractional Ownership and Timeshares
While fractional ownership and timeshares may appear similar on the surface, especially since both involve shared use of a property, they differ significantly in terms of structure, value, and overall experience.
1. Ownership and Equity:
- Fractional Ownership: Co-owners hold actual equity in the property. Their shares are deeded, meaning they own a portion of the property outright. This equity can appreciate over time, allowing owners to potentially profit from the property’s increased value when they sell their share.
- Timeshares: In a timeshare arrangement, you do not own the property itself but rather the right to use it for a set period each year. Timeshares generally do not build equity, and their resale value is often much lower than the original purchase price, making them less attractive as an investment.
2. Duration of Use:
- Fractional Ownership: Owners typically enjoy longer and more flexible use periods, often several weeks or months each year, depending on their share size. Scheduling is also more flexible, allowing owners to choose times that best suit their needs.
- Timeshares: Usage is usually limited to a fixed week or a rotating schedule, with less flexibility in when you can use the property. This rigid schedule can be a drawback for those with fluctuating vacation times.
3. Quality and Management:
- Fractional Ownership: Properties under fractional ownership are often high-end, luxury homes with superior management and maintenance standards. Owners have a say in how the property is managed, ensuring it remains in excellent condition.
- Timeshares: The quality of timeshare properties can vary widely, and owners have little to no control over management decisions. Additionally, timeshares are often in resort-style developments with multiple units, which can feel less exclusive.
4. Financial Implications:
- Fractional Ownership: Because fractional ownership involves actual property ownership, it can be a solid financial investment. Owners may benefit from property appreciation, rental income, and potential tax advantages associated with real estate ownership.
- Timeshares: Timeshares are generally seen as a purchase of use rather than an investment. They often come with high upfront costs and annual maintenance fees that do not translate into equity or significant resale value.
Can I rent out my unused weeks? – Usually NO. The reason being is because you own with usually 8 or 9 other couples or families and people want to know who is coming and going, so 9 times out of 10, most fractionals do not allow renting out of your unused ownership time. You may be able to allow your cousin to bring their family, and then take money from them, but you can’t advertise and allow strangers to rent. There are a few properties around Charleston where they do allow it, but it is on a random basis. We would have to get the governing docs to see.
