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$559,900

Beds
3
Baths
3.0
sq ft
1,650

501 S Ocean Blvd Unit 505, North Myrtle Beach, SC 29582

501 S Ocean Blvd Unit 505

North Myrtle Beach, SC 29582

  • <1 day on market
Welcome to The Verandas, one of the premier oceanfront condos in North Myrtle Beach, offering this stunning 3-bedroom, fully furnished unit with breathtaking views of the ocean. This exceptional property not only provides a serene coastal lifestyle but also boasts a steady rental income, making it a perfect investment opportunity. Step inside this beautifully appointed unit and be greeted by spacious living areas filled with natural light. The open-concept design seamlessly connects the living room, dining area, and kitchen, creating an inviting space for entertaining and relaxation. Each bedroom is tastefully furnished, ensuring comfort and style for you and your guests. The Verandas offers an array of amenities that cater to both relaxation and recreation. Enjoy the lazy river, take a dip in the pool, or stroll down to the private beach access for a day of sun and sand. This property truly embodies the best of coastal living. Don't miss out on this great opportunity to own a piece of paradise with the added benefit of rental income. Schedule a viewing today and experience the charm and luxury of North Myrtle Beach Living.

Details

Property type

Condominium

Est. home value

$544,590

Lot size

Unknown

Price per sq ft

$340

Year built

1999

Monthly HOA fee

$1,130

Price History

01/29/2025
MyrtleBeach

MyrtleBeach #2502185

Listed
$559,900
+1.8%
08/22/2023
MyrtleBeach

MyrtleBeach #2314202

Sold
$550,000
+80.33%
10/18/2019
MyrtleBeach

MyrtleBeach #1919357

Sold
$305,000

Schools & Community

Elementary school: 

Ocean Drive Elementary

Middle school: 

North Myrtle Beach Middle School

High school: 

North Myrtle Beach High School

Community features: 

Pool

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

$448,479
Asking price
$559,900
Closing costs (~8% of asking)
-$44,792
Est. remaining loan balance
-$66,629
Cash to seller
$448,479

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

Seller’s Loan History

Lender

Investors Mtg Co Inc

Loan start date

December 1999

Original loan amount

$187,600

Est. remaining balance

$66,629

Interest rate

7.93%

Loan type

Not Provided, 30 year

Seller

J Frederick Giblin and Catherine A Giblin

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: 01/30/2025 at 8:55 AM

Listing updated: 01/29/2025 at 1:05 PM

Listed by: The Wave Team, Garden City Realty, Inc Phone #: (843) 651-0900

MLS: MyrtleBeach #2502185

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