Atlantic Beach on track to secure first high rise in their history. How did we get here? - myrtlebeachonline.com

Published: July 26, 2024
Getting Started
Atlantic Beach, SC

Summary

This article discusses the potential for the first high-rise building in Atlantic Beach, SC. While not directly about STRs, it highlights potential market changes in a specific location that could impact the local STR landscape, including development and potentially increased competition.

Key Insights

  • The article focuses on local real estate development. The addition of a high-rise could potentially affect the existing housing stock, including short-term rentals.

Action Items

  • Hosts in the Atlantic Beach area should monitor local news and zoning changes, as new developments can affect property values and rental demand.
    Effort: low
    Impact: medium

Common Mistakes

  • Failure to stay informed about zoning changes and development can lead to unexpected competition, decreased property values, and changes in the types of allowed rentals (e.g., permanent vs. short-term).

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