Bali Bay Resort opens in downtown Myrtle Beach - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Bali Bay Resort opens in downtown Myrtle Beach

Condominium at Bali Bay Resort Condominium at Bali Bay Resort
Oceanview from Bali Bay Resort Oceanview from Bali Bay Resort

MYRTLE BEACH, SC (WMBF) – The Bali Bay Resort’s long-awaited grand opening is Friday in downtown Myrtle Beach. Many of the condos are already booked starting Saturday.

Bali Bay is right on the beach and in close proximity to all of the “must see” destinations on the Myrtle Beach tourist list, like the Boardwalk and Family Kingdom. At South Ocean Boulevard and 7th Avenue South, the resort stands five stories tall and houses 21 luxury condos that range from 1,300 to 4,600 square feet. The two and three-bedroom units both sleep six people. There are three ocean-front penthouses that can each comfortably sleep 16 to 18 people. After Labor Day, a pool and restaurant will open up for condo guests.

The Vice President of Operations with Oceana Resorts by Wyndham Vacation Rentals, Kim Sanborn, says this high-end luxury is exactly what their customers have been asking for. “The luxury or upscale product, it sells! People want that,” says Sanborn. “They want to feel like they’re at home and they’re on vacation in a resort. They love the upscale product. So we’re happy to offer that to them. And we have consumers of all types. So we want to make sure we accommodate everyone’s needs.”

There are periodic discounts throughout the year, depending on when you book and what unit you book. So the price range could be a couple thousand to $8,000 for the top penthouse. Typically, during the summer, the condos run as weekly rentals and at top dollar. During the shoulder season, managers are considering a rental policy for three or four nights at a time. But Sanborn recommends that if you’re looking for the best bang for your buck, plan for when they’re offering a discount and bring multiple families at once. That way you can all get into one of the larger units and split the cost.

But it hasn’t been an easy process getting these condos up and running. For many years they sat unfinished and empty, but Sanborn says it is all worth the wait. One of the biggest hurdles was the simple fact the resort went into foreclosure seven years ago.

The initial building permit was issued in 2005. But during construction, the economy tanked and accounts ran dry. So the whole building was vacated when it went into foreclosure around 2008. To create a luxury resort and spare no expense while the economy was in a tailspin was not realistic. So it was boarded up, a six foot fence was put up around the perimeter, and it became an eyesore.

Sanborn hopes now that the condos are finished and available to rent, Bali Bay will raise the bar and help spark some revitalization in downtown Myrtle Beach and the south end. “One step at a time, right? Everybody needs to do their part,” says Sanborn. “I think we’re taking one step forward. And we need others to follow suit.”

Since Wyndham Vacation Rentals partnered with the construction company, the renovations and construction took about a year to finish.

Copyright 2015 WMBF News. All rights reserved.

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