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$1,550,000

Beds
4
Baths
2.0
sq ft
1,450

551 S Waccamaw Dr, Murrells Inlet, SC 29576

551 S Waccamaw Dr

Garden City Beach, SC 29576

  • 16 days on market
Welcome to Summer Breeze, a stunning oceanfront retreat offering unparalleled views of the Garden City Beach. This spacious Four-Bedroom, Two-Bath home is the perfect blend of comfort, convenience, and coastal charm. As you step inside, you'll be greeted by an open and airy living space with seamless flow between the kitchen, dining, and living areas – all with breathtaking beach views. Each side of the home features two well-sized bedrooms, each sharing a full bath, providing an ideal layout for both privacy and togetherness. Two of the bedrooms are positioned on the oceanfront, where you’ll wake up to the soothing sounds of the waves and incredible sunrises right from your bed. Relax on your expansive beachside porch and take in the uninterrupted views of the ocean—whether you're enjoying your morning coffee or an evening sunset, the panorama is simply unbeatable. Located just a few blocks south of the iconic Sam’s Corner and the Garden City Pier, Summer Breeze puts you within easy walking distance of local attractions. Stroll to enjoy live music, play some SkeeBall, or savor a famous hot dog at Sam’s Corner. After a day of fun, retreat to your quiet oceanfront haven to unwind. Additional features include a large storage room underneath the home—perfect for keeping beach gear, bikes, or extra supplies. Summer Breeze offers not just a home, but a lifestyle. Don’t miss the chance to own a piece of paradise on the Atlantic Coast!

Details

Property type

Single Family Residence

Est. home value

$1,471,279

Lot size

7,405 sq ft

Price per sq ft

$1,069

Year built

1990

HOA

Yes

Price History

11/06/2024
MyrtleBeach

MyrtleBeach #2425537

Listed
$1,550,000
+11.59%
02/28/2023
MyrtleBeach

MyrtleBeach #2224270

Sold
$1,389,000
+74.17%
01/29/2020
MyrtleBeach

MyrtleBeach #1926263

Sold
$797,500
+12.8%

Schools & Community

Elementary school: 

Waccamaw Elementary School

Middle school: 

Waccamaw Middle School

High school: 

Waccamaw High School

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

$956,861
Asking price
$1,550,000
Closing costs (~8% of asking)
-$124,000
Est. remaining loan balance
-$469,139
Cash to seller
$956,861

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

Seller’s Loan History

Lender

Guild Mortgage Co

Loan start date

January 2021

Original loan amount

$514,007

Est. remaining balance

$469,139

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Frank Fraioli Jr

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: 11/22/2024 at 12:40 PM

Listing updated: 11/06/2024 at 3:40 PM

Listed by: Streett Property Consultants, Garden City Realty, Inc Phone #: (843) 651-0900

MLS: MyrtleBeach #2425537

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