Details
Fisher Auction Company and Century 21 The Harrelson Group are pleased to present via Online Auction Event 11 Oceanfront Condominiums in the Heart of Myrtle Beach, South Carolina.
PROPERTY HIGHLIGHTS
· Upside Investment Opportunity consisting of 11 Oceanfront Condos
· Prime Location in Surfside Beach with Spectacular Ocean Views
· Units and Building have been recently Renovated and Updated
· Close Proximity to World Class Golf, Fishing, Fine Dining, Shopping and Entertainment
· Central Location within 2 Hours to Charleston and Wilmington
· Major Air Travel is located only 20 minutes to Myrtle Beach International Airport
· Perfect Investment with potential for High Rental or Resale Value
· Horry County is experiencing Rising Job Growth, a Healthy Jobs Market and Steady Residential Construction
· Surfside Beach has easy access to main transportation networks in the Myrtle Beach MSA. The area has a stable economy supported by the Tourism, Hospitality, Entertainment, Healthcare and Aerospace sectors.
· All Units will include current inventory of Furnishings and Appliances
· Amenities include On-Site Parking, Jacuzzi Hot Tub, Grilling Area, Elevator and Private Beach Access
For More Information Please Email - info@fisherauction.com
Terms
GENERAL TERMS AND CONDITIONS OF SALE
CORPORATE ORDERED ONLINE REAL ESTATE AUCTION
“Sandpebble Beach Club” Eleven (11) Condominiums as One Unit of Sale
1011 South Ocean Boulevard, Myrtle Beach, South Carolina 29575
Begins Thursday, June 5, 2025 @ 11:00 AM ET & Ends Thursday, June 5, 2025 @ 1:00 PM ET
subject to any time extensions
1. START / END DATES AND TIMES:
The Online Real Estate Auction (“Online Auction” or “Auction”) shall begin on Thursday, June 5, 2025 at 11:00 AM ET and will conclude on Thursday, June 5, 2025 at 1:00 PM ET, subject to any time extensions.
2. ONLINE BIDDER REGISTRATION:
Registration is required to become a qualified and eligible online bidder (“Bidder”). To register, a prospective Bidder must:
(a) Complete the Online Bidder Registration Form providing Bidder’s full name, company name, residence / business addresses (if applicable) with telephone numbers, cellular telephone number, facsimile number, email address, a copy of a State valid driver’s license number or a valid passport, and the name(s) and / or entity in which the Bidder will take title to the Property.
(b) Bidders must wire into Oxner & Stacy Law Firm, LLC’s IOLTA Account (the “Escrow / Settlement Agent”), via a Federal wire transfer in U.S. Funds (not an ACH Credit) a $100,000 Initial Escrow Deposit no later than Wednesday, June 4, 2025 at 5:00 PM ET. Contact Fisher Auction Company (hereinafter the “Auctioneer”) for wiring instructions via email info@fisherauction.com or call 954.942.0917. All wired deposits must be verified by the Auctioneer prior to being approved to bid.
(c) Complete the Return of Initial Escrow Deposit Form.
(d) Sign / Date / Time an acknowledgment that the Bidder has read and agrees to be bound by these General Terms and Conditions of Sale.
(e) Execute the Online Bidder Agreement.
(f) Submit financial disclosures and documentation (“Proof of Funds”) which demonstrate, in the Seller’s sole business judgment, the potential bidder’s financial and other capabilities to consummate the sale (i.e. bank letter, recent financial statements, account statements, or tax return).
(g) Return the required four (4) executed documents, copy of a State valid driver’s license or valid passport and financial disclosures to Fisher Auction Company (the “Auctioneer”), 2112 East Atlantic Boulevard, Pompano Beach, Florida 33062; Facsimile: 954.782.8143; Email: info@fisherauction.com no later than 5:00 PM ET, June 4, 2025.
3. SUCCESSFUL BID, TOTAL PURCHASE PRICE (INCLUDES BUYER’S PREMIUM), ADDITONAL ESCROW DEPOSIT, PURCHASE AGREEMENT AND ALL ADDENDA:
(a) If the Seller by and through the Auctioneer and Century 21 – The Harrelson Group, Inc. (“Century 21” and/or the “Broker”) accepts a bid (“Successful Bid”) for the Property, then the Successful Bidder will be required to execute, as Purchaser (“Purchaser”) (i) the Purchase Agreement and all Addenda (the “Agreement”), which has been previously furnished to Bidder, immediately following the bidding and / or no later than the conclusion of the Online Auction, with no changes / exceptions and (ii) within twenty-four (24) hours of conclusion of the Auction, initiate a wire transfer for an Additional Escrow Deposit equal to the difference between ten percent (10%) of the Total Purchase Price and the Initial Escrow Deposit, to the Escrow Agent, Oxner & Stacey Law Firm, LLC. Bidder will have no later than twenty-four (24) hours following the end of the Auction to execute and return the Agreement and initiate the wire transfer. If the Successful Bidder does not initiate the wire for the Additional Escrow Deposit and execute and return the Agreement within twenty-four (24) hours from the end of the Auction, they will be considered in default and the $100,000 Initial Escrow Deposit will be forfeited as further explained in the default provisions of paragraph (8) below.
(b) The amount of (i) the Successful Bid AND (ii) seven percent (7%) of the Successful Bid (“Purchaser’s Premium”), added together, will be the Total Purchase Price (“Total Purchase Price”) for the Property to be purchased by the Purchaser under the Agreement together with closing costs as further provided in the Agreement.
4. CLOSING AND PAYMENT OF PURCHASE PRICE:
(a) The Closing (“Closing”) will be on or before Monday, July 7, 2025. Seller shall have the right to extend the Closing for an additional thirty (30) calendar days by providing written notice to the Purchaser. The Closing will be coordinated and administered through the offices of the Escrow / Settlement Agent; Oxner & Stacy Law Firm, LLC; 90 Wall Street, Unit B, Pawleys Island, SC 29585; Phone: 843.235.6747; facsimile: 843.235.6650.
(b) The remaining balance of the Total Purchase Price will be due and payable by Purchaser at Closing by Wire Transfer of immediately available U.S. funds, pursuant to written instructions from the Escrow / Settlement Agent. Purchaser shall receive credit for the Escrow Deposits which shall be released from escrow and applied by the Escrow / Settlement Agent towards the Total Purchase Price at Closing.
(c) Time shall be of the essence as to Purchaser's obligations in these General Terms and Conditions and as described in the Agreement.
5. TITLE INSURANCE and ZONING:
(a) The Seller will provide an Owner’s Title Commitment and Policy on the Property through the Escrow / Settlement Agent. The Title Commitment and the Premium for the Owner’s Title Policy shall be paid by the Purchaser. The Commitment and Owner’s Title Insurance Policy shall be issued by the Settlement Agent from Fidelity National Title Insurance Company.
(b) Except as provided for herein, it is understood and agreed that fee simple title to the Property is being sold to the Purchaser without representation or warranty and subject to the Permitted Exceptions.
(c) The Seller will convey title by a Warranty Deed (“Deed”).
(d) Title to the Property will be subject to the exceptions set forth in the proposed Commitment (“Permitted Exceptions”). Purchaser agrees to take title to the Property subject to the Permitted Exceptions, among other matters as described in these General Terms and Conditions of Sale and in the Agreement .
(e) Purchaser agrees that the Property is subject to all laws, ordinances, codes, rules and regulations of applicable governmental authorities pertaining to the ownership, use and occupancy of the Property including, but not limited to, zoning, land use, building codes, homeowner association documents / fees, if any, and agrees to take title subject to such matters, and the following permitted exceptions: (i) all covenants, restrictions, easements and agreements of record now on the Property; (ii) all liens for unpaid municipal charges not yet due; (iii) the state of facts which would be shown by a current survey or inspection of the Property; (iv) any matter created by or through Purchaser; (v) any title matters which Purchaser has accepted or is deemed to have accepted as set forth in the Agreement ; (vi) such other matters that will not make the Property unusable or unmarketable for multifamily purposes.
(f) Seller is not providing to Purchaser any survey of the Property. In the event Purchaser desires to obtain a survey of the Property, Purchaser will be solely responsible to obtain, and pay for, such survey without reducing the proceeds of the Total Purchase Price payable to Seller at the Closing. Purchaser shall not have the right to terminate the Agreement based upon the results of the survey.
6. PURCHASER’S ACKNOWLEDGEMENTS:
(a) The sale of the Property is an “All Cash” transaction and shall not be subject to any contingencies or post due diligence.
(b) The Seller, Century 21 and the Auctioneer and their representatives, attorneys, agents, and sub-agents, assume no liability for errors or omissions in this or any other property listing or advertising or promotional / publicity statements and materials. The Seller, Century 21 and the Auctioneer and their representatives, attorneys, agents and sub-agents, make no representation or guarantee as to the accuracy of the information herein contained or in any other property listing or advertising or promotional / publicity statements and materials. Neither the Auctioneer, Century 21 nor the Seller have any obligation to update this information. Neither the Auctioneer, Century 21 nor the Seller, their Agents and Sub-Agents, attorneys, Escrow / Settlement Agent, representatives, members, managers or affiliates have any liability whatsoever for any oral or written representations, warranties, or agreements relating to a Property except as is expressly set forth in the Agreement.
(c) The Property is sold in its “AS IS AND WHERE IS” condition and with all faults and defects, with no representations or warranties, express or implied. The Property is sold free and clear of all liens, claims, encumbrances and other interests including any back real estate taxes owed. All Bidders are encouraged to inspect the Property prior to placing any bid at the Online Auction and the Successful Bidder, as Purchaser, acknowledges that it has had a reasonable opportunity to inspect and examine all aspects of the Property and make inquiries of applicable governing authorities pertaining to such matters in connection with the Property as Purchaser has deemed necessary or desirable prior to the Online Auction. Bidders should review all applicable zoning, land use, code compliance, environmental matters, physical condition, and any and all other governmental statutes, ordinances, rules, laws and regulations and do such other due diligence in advance of execution of this document and all of the accompanying documents in connection with the purchase of the Property (“Governing Documents”). Please review all Governing Documents carefully and seek the advice of an attorney if Bidder feels it is necessary.
(d) Competitive bidding is an essential element of an Online Auction sale, and such a sale should be conducted fairly and openly with full and free opportunity for competition among bidders. Any conduct, artifice, agreement, or combination the purpose and effect of which is to stifle fair competition and chill the bidding, is against public policy and will cause the sale to be set aside. Collusion / Bid Rigging is a Federal Felony punishable by imprisonment and fine. The Auctioneer will report all illegal conduct to the F.B.I. and will cooperate with any prosecution.
(e) The Property may be withdrawn from the Online Auction at any time without notice and is subject to prior sale.
(f) Seller in its absolute sole discretion, reserves the right to amend, negotiate, modify, or add any terms and conditions to these General Terms and Conditions of Sale, the Agreement and to announce such amendments, modifications, or additional terms and conditions at any time, including during this Online Auction.
(g) The highest bid shall be the Successful Bid only if same is acceptable to and accepted by Seller, by and through the Auctioneer via this Online Auction, and as evidenced by Seller and the Successful Bidder, as Purchaser, each executing the Agreement.
(h) Back-up bids will be recorded and received by Seller in Seller’s absolute discretion. Should the Property not close with the Purchaser or should the Purchaser not comply with any term or condition of any document executed by Purchaser in connection with the Property, the Seller will have the option, but not the obligation, to pursue back-up bids.
(i) If you are unsure about anything regarding the Property or the Governing Documents, do not place a bid or participate in the Online Auction. Review of the Governing Documents and all of the terms and conditions as well as a review of the Property before making any bids is strongly recommended and you will be deemed to have done so on execution of these General Terms and Conditions of Sale.
(j) At the close of this Online Auction, upon the acceptance of the Purchaser’s bid is an acknowledgment that such bid is the highest bid, at which time it became a binding agreement to purchase the Property. Whether such bid is accepted is subject to this Agreement, including any announcements/notices made by the Auctioneer. Thereafter, you may not withdraw your bid and you are obligated to execute the Purchase Agreement.
(k) In the event a conflict exists between the Agreement and the General Terms and Conditions of Sale, then, (i) prior to Purchaser’s execution and delivery of the Agreement, the terms of the General Terms and Conditions of Sale shall govern and control and (ii) following Purchaser’s execution and delivery of the Agreement, the terms of the Agreement shall govern and control over the General Terms and Conditions of Sale.
7. ANNOUNCEMENTS / NOTICES:
All announcements / notices provided to the bidders shall supersede and take precedence over all previously written or printed material and any other oral statements made; provided however that the Auctioneer shall not be authorized to make any representation or warranty (express or implied) with respect to the Property. The Auctioneer has the sole and absolute discretion to make any announcements via this Online Auction, including but not limited to any announcements that may amend or alter these Online Auction terms, conditions, or procedures that were previously set forth in written materials. In the event of a dispute over the bidding process, the Auctioneer shall make the sole and final decision and will have the right either to accept or reject the final bid or re-open the bidding.
8. DEFAULT:
If the Purchaser fails to comply with any of these General Terms and Conditions of Sale, the Seller may elect to recover and retain the Escrow Deposit(s) for account of the Seller as liquidated damages upon which this Agreement shall terminate, or, at Seller’s option, may retain the Escrow Deposit(s) and proceed in equity to enforce Seller’s rights under this Agreement by Seller filing an action within sixty (60) calendar days to seek specific performance of Purchaser’s obligation under this Agreement. In any such event, Purchaser shall continue to be liable under any provisions of this Agreement that expressly survive the termination of this Agreement. In either instance, Seller shall retain the required Initial and Additional Escrow Deposits, which shall be considered fully earned and non-refundable, under this Agreement and / or the Purchase Agreement. The Escrow / Settlement Agent must immediately release the Initial and Additional Escrow Deposits upon request of the Seller. Purchaser acknowledges and understands that this provision is enforceable and shall not be deemed a penalty because the damages are not readily ascertainable and generally impossible to calculate under the circumstances. Upon Default and notice of same by Seller to Escrow / Settlement Agent, Purchaser understands and agrees to the immediate release of the Initial and Additional Escrow Deposit funds to the Seller by Escrow / Settlement Agent without the requirement of further documentation or consent from Purchaser.
9. REPRESENTATIONS:
All information was derived from sources believed to be correct but is not guaranteed. Bidders shall rely entirely on their own information, judgment, and inspection of the Property and records. Neither the Seller, Century 21 nor the Auctioneer, its Agents and Sub-Agents makes any representation or warranties as to the accuracy or completeness of any information provided. All sizes, dimensions, drawings are approximations only.
10. BROKER PARTICIPATION:
Two Percent (2%) of the Final Bid Price will be paid to a qualified Licensed Real Estate Broker (“Buyer’s Broker”) whose registered Purchaser’s offer is accepted by the Seller and closes on the Property, provided the Buyer’s Broker is not prohibited by law from being paid such fee. To qualify for their earned fee, the Buyer’s Broker must first register their prospect on the MANDATORY REAL ESTATE BUYER BROKER PARTICIPATION REGISTRATION FORM. The form must be received by the office of the Auctioneer no later than 5:00 PM ET Wednesday, June 4, 2025. This registration MUST be sent to Fisher Auction Company (the “Auctioneer”), 2112 East Atlantic Boulevard, Pompano Beach, FL 33062. Buyer’s Broker may fax their broker registration(s) to 954.782.8143 or email to info@fisherauction.com. NO LATE REGISTRATIONS WILL BE ACCEPTED. Earned fees will be paid only after closing and after the Auctioneer and Century 21 have been paid in full. Buyer’s Broker is not required to attend the Closing. If a Buyer’s Broker has not met all of these requirements, no fee will be paid to the Buyer’s Broker, even if the Buyer’s Broker’s prospect purchases the Property. No oral registrations will be accepted. Under no circumstances whatsoever will any fee be paid if the sale does not close for any reason.
11. FINAL BID PRICE:
The final bid price for the Property shall be determined by competitive bidding at the Auction. The Property shall be sold to the highest bidder without reserve or restriction as to price at or above a bid price of $2,150,000.00, plus the seven percent (7%) Buyer’s Premium, and subject to the terms and conditions of the Governing Documents.
12. ACKNOWLEDGMENT AND ACCEPTANCE:
The Undersigned Bidder acknowledges receipt of a copy of these General Terms and Conditions of Sale and having read and understood the provisions set forth therein, accepts same and agrees to be bound thereby. Facsimile or electronic signatures will be treated and considered as original.
13. INDEMNIFICATION: Purchaser shall defend, indemnify, and hold harmless Seller, the Auctioneer, and Century 21 their officers, directors, employees, and agents, from and against any and all claims, demands, causes of action, costs, liabilities, losses, damages, and expenses (including reasonable attorneys and expert witness fees and expenses) (collectively, “Claims”), and by whomever brought, to the extent arising out of or in any way related to (i) the sale of, (ii) the performance of the parties’ obligations under this Agreement; (iii) the physical condition and quality (and express or implied representations regarding such condition and quality) of the Property or any portion thereof, (iv) any breach of these General Terms and Conditions of Sale, Governing Documents, or the Agreement ; (v) any claim arising from the sale of the Property; (vi) any claim arising from Purchaser’s participation in the Online Auction; or (vii) any other act, omission or representation by Purchaser.
14. HOLD HARMLESS:
The Auctioneer cannot, and will not, be held responsible for any interruption in service, bidding extension times, errors, and/or omissions, caused by any means, therefore they cannot guarantee continual, uninterrupted or error free service as the website could be interfered with by means out of the Auctioneer’s control. Bidder acknowledges that this Online Auction is conducted electronically and relies on hardware and software that may malfunction without warning. The Auctioneer may void any sale, temporarily suspend bidding, extend bidding times and/or re-sell the Property that was affected by any malfunction. The decision of the Auctioneer is final.
15. GOVERNING LAW / JURISDICTION / VENUE:
This Agreement shall be construed, enforced and governed by the laws of the State of South Carolina, without regard to choice of law and similar doctrines. The parties consent to jurisdiction in the State of South Carolina and venue, for any litigation arising out of this Agreement.
16. WAIVER OF JURY TRIAL:
EACH PARTY TO THIS AGREEMENT HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED UPON THIS AGREEMENT OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER AGREEMENT CONTEMPLATED AND EXECUTED IN CONNECTION HEREWITH, OR ANY COURSE OF DEALING, COURSE OF CONDUCT, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO.
17. ATTORNEY’S FEES:
If any action at law or in equity, including an action for declaratory relief, is brought to enforce or interpret any provision or provisions of this Agreement, the prevailing party will be entitled to reasonable attorneys' fees and costs, whether at the trial court and appellate level, in addition to all other costs associated with the action whether or not the action advances to judgment, in addition to any other relief to which that party may be entitled.
18. ENTIRE AGREEMENT:
This Agreement embodies the entire agreement between the parties relative to the subject matter, and there are no oral or written agreements between the parties, or any representations made by either party relative to the subject matter, which are not expressly set forth herein. To the extent that any of the terms or provisions contained herein differs or conflicts with those contained within the Purchase Agreement, the Purchase Agreement shall control.
