tomo logo

$154,900

Beds
1
Baths
1.0
sq ft
539

1605 S Ocean Blvd Unit 509, Myrtle Beach, SC 29577

1605 S Ocean Blvd Unit 509

Myrtle Beach, SC 29577

  • 49 days on market
    • Price drop $5,000↓
Great investment & vacation condo. Unit 509 at The Palace, a premier oceanfront resort in Myrtle Beach. This unit is completely updated! Features updated flooring in the bedroom and updated bathroom and flooring. All new kitchen appliances and countertops, fixtures, furnishings, smooth ceilings, and much more. With spectacular views from your private ocean view balcony, the unit is an investors dream and a vacationer's destination. This unit can have a strong rental history, The Palace Resort features swimming pools, game room, on-site lounge, indoor and outdoor swimming pools, hot tubs, exercise room, wireless internet, and guest laundry facility. The Palace is centrally located, close to the airport, grand mall, and popular Market Commons. Other nearby hotspots include Myrtle Beach Pavilion, within a few miles to Broadway at the Beach, and also a short connection to Hwy 31, connecting you to North Myrtle Beach, Barefoot Resort, The Barefoot Winery, Alligator adventure, the House of Blues, and all of the Grand Strands many attractions!

Details

Property type

Condominium

Est. home value

$172,261

Lot size

Unknown

Price per sq ft

$288

Year built

1986

Monthly HOA fee

$683

Price History

03/24/2025
MyrtleBeach

MyrtleBeach #2503584

Price change
$154,900
-3.13%
03/20/2025
MyrtleBeach

MyrtleBeach #2503584

Pending
$159,900
03/18/2025
MyrtleBeach

MyrtleBeach #2503584

Price change
$159,900
-5.89%

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

High school: 

Myrtle Beach High School

Community features: 

Pool, Tennis Court(s)

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

$82,959
Asking price
$154,900
Closing costs (~8% of asking)
-$12,392
Est. remaining loan balance
-$59,549
Cash to seller
$82,959

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

Seller’s Loan History

Lender

United Bank

Loan start date

September 2021

Original loan amount

$75,000

Est. remaining balance

$59,549

Interest rate

2.1%

Loan type

New Conventional, 15 year

Seller

Greer Jackson

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: 03/24/2025 at 8:51 AM

Listed by: Jill Lindstrand, EXP Realty LLC Phone #: (888) 440-2798

MLS: MyrtleBeach #2503584

MyrtleBeach logo

Recently listed in Myrtle Beach

$2,295,000|5 bd|5.5 ba|House
$349,000|3 bd|2.0 ba|Manufactured

Explore top cities in South Carolina