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$2,450,000

Beds
8
Baths
8.0
sq ft
3,813

4700 N Ocean Blvd, North Myrtle Beach, SC 29582

4700 N Ocean Blvd

North Myrtle Beach, SC 29582

  • 36 days on market
    • Price drop $25,000↓
Discover the ultimate beachfront lifestyle with this beautifully renovated oceanfront duplex, perfectly situated in the sought-after Cherry Grove section of North Myrtle Beach. With 8 bedrooms & 8 bathrooms- 4 on each side - this duplex presents a rare opportunity to live in one half while generating significant rental income from the other, or to maximize its full potential as a luxury rental property. Renovated in 2023, this property boasts contemporary upgrades throughout. Both units are mirror images, designed to provide open, spacious living areas with stunning ocean views from nearly every room. The kitchens feature sleek cabinetry, new counters, under-counter microwaves, new stainless appliances, & a striking teal subway tile backsplash. Each unit has access to a private covered deck where you can enjoy ocean views from sunrise to sunset. The six upstairs bedrooms each come with an en-suite bath, offering maximum privacy & comfort, while the main floor bedrooms share a bathroom with the living space. Additional updates include luxury vinyl plank (LVP) flooring, modern lighting fixtures, and ceiling fans in every bedroom. Step outside and enjoy the expansive ground-level entertaining space, ideal for relaxing after a day on the beach. This private area, shielded from the road, offers ample room for outdoor dining, storing beach gear, and room to rinse off the beach in the outdoor showers. The recently added brick patio adds a great place to relax and enjoy the ocean waves. With its unbeatable location, close to Cherry Grove Fishing Pier & Heritage Preserve Boat Launch & Pier, this property offers easy access to the best of North Myrtle Beach. Whether you're looking for a family retreat, a rental income powerhouse, or a personal oceanfront oasis, this duplex can be tailored to your needs. Currently listed on Airbnb with strong rental history, the potential for income is substantial - rent both sides for large groups or live in one & let the other work for you.

Details

Property type

Single Family Residence

Est. home value

$1,062,588

Lot size

6,970 sq ft

Price per sq ft

$643

Year built

1980

Annual property taxes

$12,783.48

Price History

10/30/2024
NorthCarolinaRegional

NorthCarolinaRegional #100469265

Price change
$2,450,000
-1.01%
10/03/2024
NorthCarolinaRegional

NorthCarolinaRegional #100469265

Listed
$2,475,000
+213.29%
11/09/2020
MyrtleBeach

MyrtleBeach #1908081

Sold
$790,000

Schools & Community

Elementary school: 

Ocean Drive Elementary

Middle school: 

North Myrtle Beach

High school: 

North Myrtle Beach

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

$1,789,093
Asking price
$2,450,000
Closing costs (~8% of asking)
-$196,000
Est. remaining loan balance
-$464,907
Cash to seller
$1,789,093

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

Seller’s Loan History

Lender

Onewest Bank

Loan start date

November 2020

Original loan amount

$510,400

Est. remaining balance

$464,907

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Jonathan Paul Bell and Jaclyn Marie Bell

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?

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Status: Active

Tomo last checked: 11/08/2024 at 8:35 AM

Listing updated: 10/30/2024 at 10:12 AM

Listed by: McNeely Group, Landmark Sotheby's International Realty Phone #: (910) 477-8100

MLS: NorthCarolinaRegional #100469265

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