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$114,000

Beds
Unknown
Baths
1.0
sq ft
360

1501 S Ocean Blvd Unit 1223, Myrtle Beach, SC 29577

1501 S Ocean Blvd Unit 1223

Myrtle Beach, SC 29577

  • 70 days on market
    • Price drop $5,000↓
Enjoy the ultimate beachside lifestyle with this charming ocean view property, located in an oceanfront building along the beautiful Atlantic Ocean. This efficiency unit offers stunning, unobstructed views of the Atlantic Ocean from the 12th floor, making it the closest ocean-view unit to the water. Inside, you’ll find two comfortable queen beds, perfect for families or groups. The convenient wet bar is equipped with a mini fridge, sink, and microwave, making it easy to prepare snacks or quick meals. The Landmark Resort is packed with amenities, including indoor and outdoor pools, a hot tub, sauna, waterpark, lazy river, gym, arcade, and laundry facilities, all within the building for your convenience. Whether you’re looking for an investment opportunity, short-term or long-term rental, an Airbnb property, or a beachside home to live in, this unit offers endless potential. Don’t miss out on your chance to own a piece of paradise in Myrtle Beach, South Carolina!

Details

Property type

Condominium

Est. home value

$121,524

Lot size

Unknown

Price per sq ft

$317

Year built

1973

Monthly HOA fee

$617

Price History

02/14/2025
MyrtleBeach

MyrtleBeach #2501819

Price change
$114,000
-4.2%
01/23/2025
MyrtleBeach

MyrtleBeach #2501819

Listed
$119,000
-4.8%
04/21/2022
MyrtleBeach

MyrtleBeach #2203781

Sold
$124,999

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

High school: 

Myrtle Beach High School

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$10,411
Asking price
$114,000
Closing costs (~8% of asking)
-$9,120
Est. remaining loan balance
-$94,469
Cash to seller
$10,411

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Carolinas Telco Federal Credit Union

Loan start date

April 2022

Original loan amount

$99,900

Est. remaining balance

$94,469

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Jagannadha R Maddali and Usha R Gundlapudi

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/02/2025 at 8:30 PM

Listing updated: 02/14/2025 at 10:10 AM

Listed by: Kate Szallo, Exodia Realty Group, LLC Phone #: (571) 336-4559

MLS: MyrtleBeach #2501819

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