Myrtle Beach Foreclosures
The Myrtle Beach area real estate market has seen a huge increase in the number of buyers this year. Prices are the lowest they've been in 8-12 years (depending on the style of property), interest rates are at 40-year lows, and there are some just fantastic deals out there. Call me to get started with the purchase process for your new primary residence, 2nd home, or rental income producing property here at The Beach! .
NEW LISTINGS:
1 - # 509 Baywatch - $201,900 - Direct OF double-bay 2/2 condo on the south corner of the north building. Located on 28th ave s in NMB. Built in 2001. Tons of amenities. These were selling for around $500K in 2005. Excellent buy!!
2 - 8104 Wacobee Drive - $402,900 - 4/3 house in the main lake in Plantation Lakes. 5 yrs old, 2900 hsf, large yard and awesome views. Excellent buy for primary or 2nd home in a well-established neighborhood in Carolina Forest.
3 - # 545-A Myrtle Beach Resort - $109,900 - North side ocean view 2/2 condo inside the 33-acre gated OF community in north Surfside Beach. These were selling for upper 200K's in 2005. Not a rental machine but a great 2nd home in a resort with tons of amenities.
4 - 1537 Serena Drive in Grande Dunes - $723,200 - 3 BR / 3.5 BA home on the golf course and lake views over the bridge in Grande Dunes. 6 yrs old, 4200 hsf, lots of upgrades. Very custom home.
5 - #46-202 Magnolia Pointe & 67-302 Magnolia Pointe - Both are 3/2 unfurn condos overlooking a small lake. 1600 hsf, 3 yrs old. Excellent primary or 2nd home condos. $131,900 and $139,900 respectively.
6 - # 405 Palace Resort - $41,000 - North side ocean view unfurn efficiency / 1 BA with full kitchen on 16th ave s in downtown MB. These were selling for around $160K in 2005. $8-12K GRI onsite, 40% rental fee.
7 - 7605 Driftwood Drive - $216,200 - 3/2 ranch home 3 blocks to the ocean on the north end of MB in residential neighborhood. 41 yrs old, 2300 hsf. Large lots. These were selling for almost twice this asking price a few years ago. Great primary or 2nd home close to the beach.
PRICE REDUCTIONS:
8 - # 512 Island Vista - $199,900 - Direct OF deluxe luxury 1/1 with 813 hsf in one of the most high-end buildings along the OF in this area. Built April 2006. These sold for just under $400K when building opened. $32-37K GRI onsite, 46% rental fee. ALREADY under contract!!
9 - #622/24 Ocean Park - $119,900 - Direct OF 2/2 lockout on 19th ave s in downtown MB. Building is most timeshares so as low as this price seems, just not a great buy. Not a rental machine. MLS 1013102
PENDING SALES:
10 - #13-B River Oaks - $62,500 - 2/2 condo on the golf course west of the ICW. These were selling for around $180K's in 2005. Sold in 2 days! Nice little 2nd home property.
11 - # 703 Royale Palms - $314,900 - North side ocean view unfurn 2/2 condo inside the 145-acre gated OF community of Kingston Plantation on the north end of MB. These were selling for almost twice that asking price. Large, luxury resort only 3 yrs old. Great primary or 2nd home! PENDING cash sale.
12 - # 303 St. Clements - $70K - Direct OF 1/1 condo on 70th ave n on north end of MB. Not a rental machine but decent 2nd home. These were selling for low 200K's in 2005. PENDING cash sale.
13 - # 1447 Landmark - $69,900 - South side ocean view deluxe 1/1 on 15th ave s in downtown MB. These were selling for mid 200K's in 2 005. Upper teens GRI onsite, 45% rental fee. Nice buy! PENDING cash sale.
14 - # 1812 Camelot - $82,900 - Direct OF shotgun 1/1 unfurn on 20th ave n in downtown MB. These sold for up to $343K in 2005. Built in 2001. $17-19K GRI onsite, 46% rental fee. PENDING financed sale.
15 - # 1039 Sand Dunes - $55,000 - Direct OF eff / 1 BA on 74th ave n on north end of MB. These sold for mid 100K's pre-conversion in 2005. Not a rental machine (9-12K GRI onsite, 50% rental fee) but good 2nd home or rent on your own condo. PENDING cash sale.
16 - # 126 Myrtle Pointe - $119,900 - 3/2 unfurn condo between Hwy 17 bypass and the ICW - approx. 1 mile to the ocean in very nice residential neighborhood. Sunken living room, large kitchen. This one needs lots of TLC. Would have sold for at least twice that amount in 2005. Primary or 2nd home use. PENDING cash sale.
17 - # 827 Caribbean - $115,000 - Direct OF shotgun 1/1 on 30th ave n in downtown MB. Built in 1991. Sold for up to $280K in 2005. These are gone the minute they hit the market! PENDING cash sale.
18 - # 1007 Laguna Keyes - $114,900 - Direct OF unfurn 1/1 on 57th ave n in Cherry Grove section of NMB. Built in 2001. Very nice building in great area. Not a huge rental machine but not bad either. Great 2nd home or rent on your own condo. PENDING cash sale.
SOLDS:
19 - # 808 Renaissance Tower @ Myrtle Beach Resort - $69,500 - South side ocean view eff / 1 BA inside the 33-acre gated community referenced in # 3 above. These were selling for upper 100K's in 2005. Decent rentals but not great. SOLD for $55K.
20 - # 303 Grand Atlantic - $95,000 - Direct OF deluxe 1/1 on 20th ave s in downtown MB. Built in August 2006. These sold for up to $250K right after bldg opened. Solid rentals in the low 20K's. SOLD for $106,100 cash.
21 - # 621 Grande Shores - $134,900 - North side ocean view double-bay 2/2 on 77th ave n on north end of MB. Built in 2001. These were selling for low 300K's in 2005. Mid 20K's rental income onsite, 41% rental fee. SOLD for $123K cash.
22 - # 125 Avista - $149,900 - Direct OF deluxe 1/1 on 3rd ave n in NMB. Built in 2005. Rental machine in the middle 20K's onsite, 41% rental fee. Very nice resort. These sold for up to $385K in 2005. SOLD for $139,500 cash.
23 - # 20-A Briarcliffe West - $82,900 - 3/2 unfurn condo 1/4 mile to the ocean just south of NMB. 30 yrs of age, 1200 hsf. These were selling for mid 200K's in 2005. Decent primary or 2nd home property. SOLD for $74,833 cash.
24 - # 907 Waterpointe I - $199,900 - Direct OF 3/2 condo (3rd BR is very small - 8x7 or so) in NMB. Built in mid 1980's. Not a rental machine but nice 2nd home for the price. These were selling for mid 300K's in 2005. SOLD for $190K cash.
25 - # 5007 Tilghman Beach and Golf Resort - $199,900 - 3/3 unfurn condo across the street from the ocean on 18th ave n in NMB. Built in 2007. These sold for mid 400K's pre-construction. This one has the ocean views (on east side of bldg). SOLD for $200K cash.
26 - # 1226 Sand Dunes - $434,900 - Direct OF penthouse with 4 BR /3.5 BA on 74th ave n on north end of MB. Over 3000 hsf, private elevator. Quite nice and very cool! SOLD for $434,900. .