NOT LISTED FOR SALE

Myrtle Beach Resort 5905 S Kings Hwy Unit 511 Myrtle Beach, SC 29575

Estimated Value: $73,000 - $123,000

2 Beds
2 Baths
908 Sq Ft
$1,596/mo HOA Fee

Last Sold June 26, 2024

Last sale price $75,000 $83 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,295/month

98 Days on Market

Highlights

  • Private Beach
  • Gated Community
  • Community Indoor Pool
  • Lakewood Elementary Rated A
  • Clubhouse
  • Lawn

About This Home

As of June 2024

Step into your personal piece of paradise with this 2-bedroom, 2-bathroom oceanfront condo. Each morning, awaken to the mesmerizing dance of sunlight on the water, and let the rhythmic sounds of the waves set the tone for your day. This condo isn't just a home; it's a lifestyle. Living within a gated community means exclusive access to a wealth of top-tier amenities. Embrace the sun at the expansive outdoor pool, take a dip in the indoor pool for year-round enjoyment, and dine at the beachfront restaurant, a mere stone's throw from your front door. For the active spirit, challenge friends to a friendly match on the well-maintained bocci ball courts or the professional-grade tennis courts. Every day is an opportunity for relaxation, recreation, and making unforgettable memories.

Last Listed By

Bill Sullivan

BH & G Elliott Coastal Living License #117326 Listed on: 01/29/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,864

Year Built

  • Built in 1985

Lot Details

  • Private Beach
  • Lawn

HOA Fees

  • $1,596 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Steel Siding

Interior Spaces

  • 908 Sq Ft Home
  • Vinyl Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Outdoor Features

Schools

  • Lakewood Elementary School
  • Socastee Middle School
  • Socastee High School

Utilities

  • Central Air
  • Underground Utilities
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • Association fees include electric common, water and sewer, trash pickup, elevator service, pool service, landscape/lawn, insurance, manager, security, rec. facilities, legal and accounting, master antenna/cable TV, common maint/repair, pest control
  • High-Rise Condominium

Amenities

  • Door to Door Trash Pickup
  • Clubhouse
  • Elevator

Recreation

Building Details

  • Security

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,864

Year Built

Built in 1985

Lot Details

0

HOA Fees

$1,596 per month

Listing Details

  • Unit Location: Oceanview-Unit
  • Amenities Available: Clubhouse/Rec/Facilities, Pool-Outdoor Community, Restrictions, Security, Tennis Court, Seller Disclosure, Home Owners Assn Fee, Gated Community, Short Term Rental Allowed, Long Term Rental Allowed, Trash Pickup, Cable Tv, Internet Access, Lawn Maintenance, Lazy River, Pool-Indoor Community, Private Beach Comm Access
  • Estimated Year Built: 1985
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Vinyl
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Air
  • Monthly HOA as Calculated: 1596
  • HOA Management Company: Empress / 843-443-4003
  • Lvt Date: 01/29/2024
  • Sold Total Heated Sq Ft: 908
  • Sold Total Sq Ft: 908
  • Total Heated Sq Ft: 908
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building
  • Exterior Unit Features: Balcony, Elevator-Exterior, Pool - In Ground
  • HOA Fees include insurance: Yes
  • HOA Fees include insurance: Yes
  • Project Section Code: Mb Resort Rt
  • Which Floor: 05
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1985

Interior Features

  • Interior Amenities: Smoke Detector
  • Kitchen Type: Dishwasher, Refrigerator, Range, Microwave
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Total Sq Ft: 908

Exterior Features

  • Exterior Finish: Concrete/Steel
  • Foundation: Slab

Garage/Parking

  • Type: Condo

Utilities

  • Water Heater: Electric
  • Utilities Available: Cable Tv, Electricity, Sewer, Underground Utilities, Water Public

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Insurance, Manager, Security, Rec. Facilities, Legal And Accounting, Master Antenna/Cable Tv, Common Maint/Repair, Pest Control

Schools

  • Elementary School: Lakewood Elementary School
  • Middle School: Socastee Middle School
  • High School: Socastee High School

Lot Info

  • Zoning: mf

MLS Schools

  • Elementary School: Lakewood Elementary School
  • HighSchool: Socastee High School
  • Middle School: Socastee Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2024
Closed on
Jun 27, 2024
Sold by
Summalin Inc
Bought by
First Round Properties Llc
Seller's Agent
Bill Sullivan
BH & G Elliott Coastal Living
Buyer's Agent
John Hulse
CB Sea Coast Advantage MB2
List Price
$140,000
Sold Price
$75,000
Premium/Discount to List
-$65,000
-46.43%
Total Days on Market
98
Views
415
Current Estimated Value
$97,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,713
Avg. Annual Appreciation
37.02%

Purchase Details

Listed on
Mar 29, 2018
Closed on
Sep 10, 2018
Sold by
Codispot Eileen
Bought by
Summalin Inc
Seller's Agent
Dave Turner
Weichert Realtors SB
Buyer's Agent
Pamela Krigbaum
RE/MAX Southern Shores
List Price
$128,000
Sold Price
$123,500
Premium/Discount to List
-$4,500
-3.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.24%

Purchase Details

Listed on
Mar 29, 2018
Closed on
Sep 5, 2018
Sold by
Codispot Leonard
Bought by
Summalin Inc
Seller's Agent
Dave Turner
Weichert Realtors SB
Buyer's Agent
Pamela Krigbaum
RE/MAX Southern Shores
List Price
$128,000
Sold Price
$123,500
Premium/Discount to List
-$4,500
-3.52%

Purchase Details

Closed on
Jul 30, 2004
Sold by
Turner Sharon G and Turner Mark P
Bought by
Codispot Leonard and Codispot Eileen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,100
Interest Rate
6.19%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 17, 2003
Sold by
Haas John E
Bought by
Turner Sharon G and Turner Mark P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,600
Interest Rate
5.82%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 26, 2002
Sold by
Griffin Tasha B
Bought by
Haas John E and Twins Inc

Purchase Details

Closed on
Dec 17, 2001
Sold by
Griffin Jack J
Bought by
Griffin Tasha B

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
First Round Properties Llc $75,000 --
Summalin Inc $61,750 --
Summalin Inc $61,750 --
Codispot Leonard $154,000 --
Turner Sharon G -- --
Haas John E -- --
Griffin Tasha B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Codispot Leonard $170,000
Previous Owner Codispot Leonard $23,100
Previous Owner Codispot Leonard $123,200
Previous Owner Turner Sharon G $64,600
Previous Owner Mihailos Elias P $77,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2024 06/26/24 Sold $75,000 -6.3% $83 / Sq Ft
05/03/2024 05/03/24 Price Changed $80,000 -23.8% $88 / Sq Ft
03/11/2024 03/11/24 Price Changed $105,000 -19.2% $116 / Sq Ft
02/18/2024 02/18/24 Price Changed $129,999 -7.1% $143 / Sq Ft
01/29/2024 01/29/24 For Sale $140,000 -40.4% $154 / Sq Ft
03/15/2023 03/15/23 Sold $235,000 -2.1% $236 / Sq Ft
01/30/2023 01/30/23 For Sale $240,000 +36.0% $241 / Sq Ft
09/23/2021 09/23/21 Sold $176,500 0.0% $177 / Sq Ft
07/21/2021 07/21/21 For Sale $176,500 +42.9% $177 / Sq Ft
09/09/2018 09/09/18 Sold $123,500 -3.5% $145 / Sq Ft
03/29/2018 03/29/18 For Sale $128,000 -- $151 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,864 $13,440 $0 $13,440
2023 $1,864 $13,440 $0 $13,440
2021 $1,723 $13,440 $0 $13,440
2020 $1,620 $13,440 $0 $13,440
2019 $1,620 $13,440 $0 $13,440
2018 $0 $14,175 $0 $14,175
2017 $1,565 $8,100 $0 $8,100
2016 -- $8,100 $0 $8,100
2015 $1,565 $14,175 $0 $14,175
2014 $1,513 $8,100 $0 $8,100
Source: Public Records

Agents Affiliated with this Home

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Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2402348

Coastal Carolinas Association of REALTORS®

APN: 45905030175