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$425,000

Beds
3
Baths
2.0
sq ft
1,133

7200 N Ocean Blvd Unit 1059, Myrtle Beach, SC 29572

7200 N Ocean Blvd Unit 1059

Myrtle Beach, SC 29572

  • 22 days on market
This beautifully renovated, upper-floor, direct oceanfront condo at Grande Cayman Resort is a turnkey short-term rental (STR) investment, second home, or primary residence. Wake up to stunning ocean views from the oceanfront master bedroom, and step onto the oversized balcony to take in the sights and sounds of the Atlantic Ocean. Inside, the condo boasts a modern kitchen with subway tile backsplash, granite countertops, and luxury vinyl plank flooring throughout, creating a stylish and low-maintenance living space. Located in Myrtle Beach’s sought-after Golden Mile, this resort offers incredible amenities, including a waterpark, indoor and outdoor lazy rivers, large pools, hot tubs, a sauna, a gym, an arcade, and multiple on-site restaurants, including Starbucks. The HOA fee covers electric, water & sewer, trash pickup, elevator & pool service, insurance, and pest control, making ownership truly stress-free. Whether you're looking for a high-performing rental, a relaxing vacation getaway, or a permanent oceanfront retreat, this condo is a fantastic opportunity.

Details

Property type

Condominium

Est. home value

$393,980

Lot size

Unknown

Price per sq ft

$376

Year built

1997

Monthly HOA fee

$1,603

Price History

03/12/2025
MyrtleBeach

MyrtleBeach #2506269

Listed
$425,000
+85.59%
04/30/2018
MyrtleBeach

MyrtleBeach #1803488

Sold
$229,000
+19.58%
04/27/2016
MyrtleBeach

MyrtleBeach #1603298

Sold
$191,500

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

High school: 

Myrtle Beach High School

Community features: 

Pool, Clubhouse

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

$298,683
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$92,317
Cash to seller
$298,683

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

Seller’s Loan History

Lender

Crescom Bank

Loan start date

April 2016

Original loan amount

$143,625

Est. remaining balance

$92,317

Interest rate

3.68%

Loan type

Not Provided, 20 year

Seller

Eugene W Carle

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: 04/02/2025 at 8:30 PM

Listing updated: 03/13/2025 at 1:30 PM

Listed by: Radha Herring, Watermark Real Estate Group Phone #: (843) 314-4284

MLS: MyrtleBeach #2506269

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