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: | 23 |
| Average Price: | $70,643 |
| Highest Listing Price: | $220,000 |
| Average Days On Market: | 128 |
| Average Price/SqFt: | $36 |
Pawley’s Island & Myrtle Beach Fractionals Co-ownership Interval Homes For Sale currently has twenty-three (23) for sale on MLS. Pawley’s Island & Myrtle Beach Fractionals Co-ownership Interval Homes For Sale listings have an average sales price of $70,643 ranging in price from $3,000 to $220,000. The average sq ft home size of Pawley’s Island & Myrtle Beach Fractionals Co-ownership Interval Homes For Sale Pawleys Island SC is 1,986 square feet. The largest property for sale is 4,157 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 128 days on the market.
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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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$ 179,000
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.
$ 179,000
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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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Welcome to Indigo Pelican II – a luxurious oceanfront retreat in the sought-after North Litchfield area of Pawleys Island. This exclusive 4-week interval home offers an idyllic coastal escape with 5 spacious bedrooms, a charming bunk room, and 5 full bathrooms, providing ample space for family and guests. Step into the expansive great room, complete with a cozy fireplace and a convenient bar area – perfect for relaxing evenings and entertaining. The large kitchen and dining area are thoughtfully designed to accommodate memorable gatherings and gourmet meals, making it the heart of the home. Savor stunning views of the Atlantic Ocean from the comfort of a large screened porch or bask in the sunshine on the expansive sundeck. Additionally, the home features the convenience of an elevator to the main level. Indigo Pelican II is where comfort meets breathtaking oceanfront living – the perfect spot to create cherished memories along the beautiful shores of Pawleys Island.
$ 165,000
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$ 150,000
Discover Indigo Pelican VII, your exclusive four-week-per-year retreat at beautiful North Litchfield Beach! This stunning second-row interval ownership home offers the perfect balance of luxury and relaxation, providing one week per season to soak in all the splendor of coastal living. With convenient beach access right across the road, this 6-bedroom, 6.5-bathroom estate invites you to unwind and make lifelong memories. Step inside to find a spacious, open-concept family room seamlessly connecting to the dining area and well-appointed kitchen—ideal for gathering with family and friends. Take in fresh ocean breezes from expansive porches on every level or enjoy unparalleled breezes from the home's crowning widows walk. Indulge in ultimate relaxation at the private pool, offering a serene escape just steps from the shore. Indigo Pelican VII is your perfect blend of comfort, style, and coastal charm—a true slice of paradise waiting for you!
$ 150,000
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Fabulous 4-weeks/year, interval ownership opportunity! This beautifully updated, Litchfield by the Sea, Captain's Quarters condo offers wonderful views of the Atlantic & the pools/cabana from the expansive porch. Enter the tray ceiling foyer flanked by 2 bedrooms with ensuite baths. Beyond foyer is the open kitchen with quartz counters, stainless appliances, large island with bar seating & wet bar. There's a spacious family room/dining area that opens to the porch. The primary suite also opens to the porch & has a walkin closet & luxurious bath with double vanities, big tiled, frameless glass shower & separate dressing vanity. Professionally decorated, great hardwood-look tile flooring throughout. Very cordial ownership group.
$ 97,500
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INTERVAL OWNERSHIP! Enjoy 2 weeks a year at this dream coastal retreat at 125 S. Dunes, #103, an exquisite 3-bedroom, 3-bath oceanfront condo located in the prestigious Litchfield by the Sea Resort. This stunning residence offers the perfect blend of luxury and comfort with beautiful views of the pristine Atlantic Ocean. The open-concept living and dining areas are bathed in natural light, thanks to large windows that showcase the breathtaking ocean views. The primary suite boasts a private balcony with ocean views, a walk-in closet, and a spa-like en-suite bathroom with dual vanities, a soaking tub, and a separate shower. The additional rooms are well-appointed bedrooms each come with their own bathroom, ensuring comfort and privacy for family and guests. Enjoy your morning coffee or evening sunset on the spacious private balcony, offering panoramic views of the ocean and the soothing sound of waves. As part of the Litchfield by the Sea Resort, you'll have access to a range of top-notch amenities, including a sparkling outdoor pool, tennis and pickle ball courts, walking trails, crabbing dock and direct beach access. Situated in the highly sought-after Litchfield by the Sea Resort, this condo offers not only a luxurious living experience but also easy access to local dining, shopping, and recreational options. The resort's serene environment and pristine beaches provide the perfect backdrop for relaxation and enjoyment.
$ 50,000
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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.
