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$3,450,000

Beds
8
Baths
8.5
sq ft
5,736

1611 S Ocean Blvd, North Myrtle Beach, SC 29582

1611 S Ocean Blvd

North Myrtle Beach, SC 29582

  • 125 days on market
    • Price drop $150,000↓
DIRECTLY OCEANFRONT in the Crescent Beach section of North Myrtle Beach, Coconut Cottage is an 8-bedroom, 8.5-bathroom raised beach home boasting 5,700 heated square feet of luxurious living space across three floors, complete with an interior elevator. Built in 2016, this custom home features wainscoting, tile flooring on main level, LVP flooring throughout 2nd and 3rd levels, tile in the bathrooms, 2 laundry rooms, Trex decking and much more! The main living level showcases an open floor plan with a spacious chef's kitchen, an extra-long breakfast bar seating 10, granite countertops, stainless steel appliances, 2 refrigerators, a wall oven, and a walk-in pantry. The oceanfront dining and living room, with a wet bar and access to the oceanfront balcony, offers stunning views. This level also includes a laundry room, a half bath, and a guest bedroom with a full bath featuring a tiled shower. The second level includes a sitting area, 2 oceanfront master suites with tiled showers and access to the oceanfront balcony, 3 additional bedrooms with full baths featuring tiled showers, and another laundry room. The third floor is perfect for entertaining, featuring a game room with a pool table, foosball table, living area with a flat-screen TV, refrigerator, a theater room with seating for 7, and a 65-inch flat-screen TV, along with 2 large bedrooms. Outside, enjoy a private tropical backyard area with pavers, ample space for sunbathing, a 14x31 saltwater pool, a hot tub, an outdoor shower, and a grilling and dining area. This home has a strong rental history and bookings already secured for 2025. Close to everything North Myrtle Beach and Grand Strand has to offer! Don't miss this incredible oceanfront opportunity!

Details

Property type

Single Family Residence

Est. home value

$2,584,732

Lot size

8,712 sq ft

Price per sq ft

$602

Year built

2016

HOA

Yes

Price History

08/20/2024
MyrtleBeach

MyrtleBeach #2417064

Price change
$3,450,000
-4.17%
07/20/2024
MyrtleBeach

MyrtleBeach #2417064

Listed
$3,600,000
+100%
08/31/2016
MyrtleBeach

MyrtleBeach #1519733

Sold
$1,800,000
+188%

Schools & Community

Elementary school: 

Ocean Drive Elementary

Middle school: 

North Myrtle Beach Middle School

High school: 

North Myrtle Beach High School

Seller’s Loan History

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

Lender

Coastal Carolina National Bank

Loan start date

June 2021

Original loan amount

$3,020,000

Est. remaining balance

Not provided

Interest rate

2.96%

Loan type

New Conventional

Seller

L4 Farms Llc

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: 11/22/2024 at 7:50 AM

Listing updated: 08/20/2024 at 4:04 PM

Listed by: The Bellamy Team, CENTURY 21 Thomas Phone #: (843) 273-3002

MLS: MyrtleBeach #2417064

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