The True Cost of Cresswind Myrtle Beach

HOA at Cresswind runs approximately $220–$260/month, or $2,640–$3,120/year. This is $720–$1,200/year less than Del Webb communities. On a $400,000 Cresswind home, Horry County property tax for a 65+ primary resident with all three exemptions filed (4% ratio, $50K homestead, school mill exemption): assessed value approximately $14,000 (4% on $350K after homestead), non-school millage approximately 100 mills — estimated annual tax $1,100–$1,400. Homeowners insurance on an inland $400K Cresswind home: approximately $1,800–$3,000/year. Market Common adjacency slightly increases wind exposure vs truly inland communities but is less exposed than beachfront areas. Transfer fee at closing (resale purchase): Cresswind charges a capital contribution or transfer fee at closing. Verify the current amount with the HOA management company — typically 1–2 months HOA or a fixed percentage. Budget $500–$1,000 for community-specific closing costs above standard transaction fees. All-in annual housing cost estimate on a $400,000 Cresswind home for a 65+ primary resident (excluding mortgage): HOA $2,640–$3,120 + property tax $1,100–$1,400 + insurance $1,800–$3,000 + utilities $2,400–$3,600 = approximately $7,940–$11,120/year, or $662–$927/month. Compare to Del Webb Grande Dunes on a $500K home: approximately $11,200–$14,400/year. Cresswind saves $3,300–$5,300/year vs comparable Grande Dunes ownership — $66,000–$106,000 over 20 years before accounting for the lower purchase price.