tomo logo

$1,100,000

Beds
7
Baths
6.5
sq ft
3,504

507 S Ocean Blvd Unit 205, North Myrtle Beach, SC 29582

507 S Ocean Blvd Unit 205

North Myrtle Beach, SC 29582

  • 52 days on market
Experience the epitome of coastal living in this stunning 7-bedroom, 6.5-bathroom oceanfront condo, located in the Ambassador Villas of North Myrtle Beach. This rare gem offers an unbeatable combination of luxury, space, and breathtaking ocean views, making it an ideal investment property, primary residence, or vacation getaway. As you step into this two-level condo, you'll be greeted by beautiful, updated LVP flooring that extends throughout the entire space. The open-concept living area seamlessly connects to the kitchen, creating an inviting environment perfect for entertaining. The kitchen is a delight, featuring ample cabinetry, a spacious breakfast bar/work island, and all appliances needed to prepare your favorite meals with ease. The main level boasts two generous bedrooms, while the second level provides a secondary living space or game room, perfect for gatherings or hosting guests. With two oceanfront balconies, you'll have the perfect spots to enjoy your morning coffee, soak in the sea breeze, and take in the mesmerizing views of the Atlantic. Each bedroom is thoughtfully designed with comfort in mind, complete with ceiling fans, ample closet space, and easy access to a bathroom. Several bedrooms even offer private balcony access, allowing you to unwind with serene ocean views at any time. The condo is tastefully furnished and decorated with updated tile and LVP flooring in the main living areas, enhancing the coastal ambiance throughout. The Ambassador Villas is a small, exclusive oceanfront building that allows for short-term rentals, offering incredible rental potential. Enjoy the convenience of a washer and dryer included in the sale, as well as access to a beachfront pool for ultimate relaxation. Located in the heart of North Myrtle Beach, you'll be just minutes away from the Grand Strand's best dining, shopping, golf courses, and entertainment attractions. Don't miss out on this extraordinary opportunity. Schedule your showing today and make this oceanfront dream home yours! Measurements are not guaranteed. Buyer is responsible for verifying.

Details

Property type

Condominium

Est. home value

$906,254

Lot size

Unknown

Price per sq ft

$314

Year built

2006

Monthly HOA fee

$1,682

Price History

08/27/2024
MyrtleBeach

MyrtleBeach #2419956

Listed
$1,100,000
+29.41%
04/29/2022
MyrtleBeach

MyrtleBeach #2204794

Sold
$850,000

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

$403,122
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$608,878
Cash to seller
$403,122

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

Seller’s Loan History

Lender

American Security

Loan start date

April 2022

Original loan amount

$637,500

Est. remaining balance

$608,878

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Peter Fusco and Stacey Fusco

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: 10/18/2024 at 8:15 AM

Listing updated: 08/30/2024 at 11:30 AM

Listed by: Sollecito Advantage Group, CB Sea Coast Advantage MI Phone #: (843) 650-0998

MLS: MyrtleBeach #2419956

MyrtleBeach logo