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$1,099,000

Beds
3
Baths
3.0
sq ft
2,436

8500 Margate Cir Unit 1405, Myrtle Beach, SC 29572

8500 Margate Cir Unit 1405

Myrtle Beach, SC 29572

  • 44 days on market
Don’t miss the rare opportunity to own a DIRECT OCEANVIEW unit at Margate! This immaculate and spacious unit offers over 2600 total square feet at one of the most sought-after buildings along the Grand Strand. This popular plan in the Margate Towers features double primary ensuites in addition to a third bedroom and bath and boasts extensive updates including electric shades, stunning porcelain tile, luxuriously updated bathrooms and recently updated HVACs. The well-appointed master bath includes a walk-in shower that you will have to see to believe. This unit comes fully furnished with nearly everything being replaced within the past 24 months. Complete list available upon request. This exceptional unit has been used as a second home and only occasionally/selectively rented by the current owners. You will fall in love with the direct Ocean Views from nearly every room including a unique workspace/library off a secondary bedroom providing an ideal place to relax, play games or work from home. Enjoy remarkable sunsets from the expansive balcony providing unobstructed views of the Atlantic. Margate is known for its tremendous rental income potential and this modern, turnkey unit stands out amongst the rest! Kingston provides a unique combination of natural wooded landscapes along the coast with top notch amenities that include multiple pools, restaurants, fitness/spa facility, pickleball and more! No other resort compares to the tranquility of his 145-acre oasis nestled in the heart of the Grand Strand’s most popular attractions. Don’t let this one get away – schedule your private showing today!

Details

Property type

Condominium

Est. home value

$1,039,471

Lot size

Unknown

Price per sq ft

$452

Year built

2004

Monthly HOA fee

$1,916

Price History

07/26/2024
MyrtleBeach

MyrtleBeach #2417536

Listed
$1,099,000
+2.23%
03/29/2024
MyrtleBeach

MyrtleBeach #2402231

Removed
$1,075,000
03/06/2024
MyrtleBeach

MyrtleBeach #2402231

Price change
$1,075,000
-2.18%

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

High school: 

Myrtle Beach High School

Community features: 

Pool, Gated, Tennis Court(s)

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

Bank Of The James

Loan start date

November 2017

Original loan amount

$790,000

Est. remaining balance

Not provided

Interest rate

3.91%

Loan type

New Conventional

Seller

Kevin S Meade

Lender

Crescom Bank

Loan start date

August 2014

Original loan amount

$476,250

Est. remaining balance

Not provided

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Kevin S Meade and Celia D Meade

Lender

Crescom Bank

Loan start date

August 2014

Original loan amount

$31,750

Est. remaining balance

Not provided

Interest rate

4.2%

Loan type

Stand Alone Second

Seller

Kevin S Meade and Celia D Meade

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: 09/07/2024 at 8:20 PM

Listing updated: 08/26/2024 at 2:18 PM

Listed by: Kylie Deppen, GRANDE DUNES PROPERTIES Phone #: (843) 692-2323

MLS: MyrtleBeach #2417536

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