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$519,000

Beds
3
Baths
2.5
sq ft
1,552

5511 N Ocean Blvd Unit 1802, Myrtle Beach, SC 29577

5511 N Ocean Blvd Unit 1802

Myrtle Beach, SC 29577

  • 107 days on market
This turnkey vacation rental is less than 100 steps to the beach and will be a fantastic addition to your investment portfolio. Looking for a second home or primary residence instead? This unit is perfect for full-time living and is so spacious, it's hard to believe it is even a condo. Located in the highly sought-after Golden Mile of Myrtle Beach, within the exclusive Cabana District, this 3-bedroom, 2.5-bathroom updated Penthouse unit offers unobstructed south-facing ocean views that stretch for miles. This view is so unique, many owners won’t even consider selling because there’s nothing else like it on the beach! Featuring an open-concept living area with floor to ceiling windows, fireplace and wet bar, modern kitchen, and beautifully updated baths, this fully furnished penthouse blends luxury with coastal comfort. Enjoy your morning coffee or evening wine on the private balcony which is situated so it offers both sunrise and sunset views. The spacious master suite also offers the same breathtaking views, an en-suite bath with spa inspired tiled shower, and a walk-in closet. Two additional bedrooms provide room for family or guests, making this property perfect for both personal use and rental potential. It includes a washer and dryer in the unit but there is also a coin operated laundry onsite if ever needed. Forest Dunes also has a lazy river, indoor & outdoor swimming pools, hot tub, gym and even has an onsite beachside restaurant. As a proven self-managed vacation rental, this penthouse is a turnkey investment opportunity with a strong rental history. Guests love the privacy of the penthouse setting, direct beach access, and close proximity to the best dining and entertainment Myrtle Beach has to offer.

Details

Property type

Condominium

Est. home value

$404,062

Lot size

Unknown

Price per sq ft

$335

Year built

1985

Monthly HOA fee

$1,089

Price History

09/07/2024
MyrtleBeach

MyrtleBeach #2420891

Listed
$519,000
+85.36%
04/15/2021
MyrtleBeach

MyrtleBeach #2103647

Sold
$280,000

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

High school: 

Myrtle Beach High School

Community features: 

Pool, Clubhouse

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Nationsbank Na

Loan start date

November 1998

Original loan amount

$94,000

Est. remaining balance

$0

Interest rate

6.27%

Loan type

Not Provided, 15 year

Seller

Pwpp Partners

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: 12/22/2024 at 9:30 PM

Listing updated: 11/09/2024 at 2:35 AM

Listed by: Sandra Cribb, NextHome The Palmetto State Phone #: (843) 390-4663

MLS: MyrtleBeach #2420891

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