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$1,895,000

Beds
5
Baths
5.0
sq ft
4,065

520 W Palms Dr, Myrtle Beach, SC 29579

520 W Palms Dr

Myrtle Beach, SC 29579

  • 24 days on market
Be the first to make this incredible one of a kind, custom 5 bedroom, 5 bathroom property your new home! Under construction and estimated to be completed November of 2024, this home is located on the Intracoastal Waterway in one of the Grand Strand's most prestigious gated communities, Waterway Palms Plantation. Featuring all the upgrades including a two car garage, an elevator from the ground floor with interior access on all levels, a private in-ground saltwater pool, hot tub with a waterfall edge, a fenced in backyard oasis with a built in outdoor kitchen under the covered paver-patio, two balconies overlooking the water, and so much more! The ground floor offers a guest suite equipped with a bedroom, full bathroom, kitchen, living room and laundry all on the main level, with the remaining bedrooms, living room, and kitchen on the upper floors. The living room on the first floor offers beam ceilings throughout this spacious open floor plan, a fireplace as a main focal point, and connects to the kitchen with a large breakfast bar, work island, double ovens, with top of the line appliances, all conveying with sale! Each bedroom includes access to its own bathroom with a large walk in closet, while the master, located on the top floor, also includes two huge walk in closets and access to your covered patio overlooking the waterway. Waterway Palms includes a resort style clubhouse, community pool, round the clock security, playground, friendly neighbors with many community activities throughout the year, and more! Perfectly situated close to schools, grocery stores, and all of the Grand Strand's finest dining, shopping, golf, and entertainment attractions. You won't want to miss this! Schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$376,574

Property condition

Under Construction

Lot size

9,148 sq ft

Price per sq ft

$467

Year built

2024

Monthly HOA fee

$107

Price History

08/23/2024
MyrtleBeach

MyrtleBeach #2419614

Listed
$1,895,000
+419.18%
11/03/2023
MyrtleBeach

MyrtleBeach #2222335

Sold
$365,000
+5.8%
01/20/2022
MyrtleBeach

MyrtleBeach #2123833

Sold
$345,000
+72.5%

Schools & Community

Elementary school: 

River Oaks Elementary

Middle school: 

Ocean Bay Middle School

High school: 

Carolina Forest High School

Community features: 

Pool, Gated, Clubhouse, 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

$1,537,387
Asking price
$1,895,000
Closing costs (~8% of asking)
-$151,600
Est. remaining loan balance
-$206,013
Cash to seller
$1,537,387

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

Seller’s Loan History

Lender

Conway National Bank

Loan start date

November 2023

Original loan amount

$1,200,000

Est. remaining balance

$206,013

Interest rate

7.18%

Loan type

New Conventional, 1 year

Seller

Mgr3 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?

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Status: Active

Tomo last checked: 09/16/2024 at 4:30 PM

Listing updated: 08/23/2024 at 2:04 PM

Listed by: The Mills Group, Century 21 Barefoot Realty Phone #: (843) 390-2121

MLS: MyrtleBeach #2419614

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