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$699,900

Beds
4
Baths
3.0
sq ft
2,638

8500 Margate Cir Unit 2909, Myrtle Beach, SC 29572

8500 Margate Cir Unit 2909

Myrtle Beach, SC 29572

  • 76 days on market
    • Price drop $25,000↓
Step into the pinnacle of luxury living with this prestigious penthouse atop South Carolina's tallest residential building. Featuring 4 bedrooms and 3 baths, this fully furnished residence offers unparalleled sunset vistas over the Grand Strand. Embrace the serenity of ocean panoramas from various rooms and balconies, a true feast for the eyes. Meticulously updated, the unit showcases freshly painted common areas and a primary bedroom, alongside new appliances including a 2024 LG Washer, an 84-gallon hot water heater, Bosch dishwasher, and Range, all installed in 2021. The kitchen received a modern touch with glass inserts in 2021, complementing the solid surface countertops found in the kitchen, dining area, and all bathrooms, embodying opulent living at its finest. Additional features include a wine cooler, trash compactor, and laundry room freezer, with extra storage cabinets for added convenience. Plantation blinds adorn all windows, while custom motorized Hunter Douglas shades grace the sliding glass doors. Enjoy entertainment with surround sound, a 60” Smart TV, dual heat pumps, and luxurious balcony furnishings atop easy-to-maintain engineered hardwood floors. Privileged access awaits on the Penthouse Club floor, ensuring exclusivity with no short-term rentals permitted. The unit offers dual entries, one leading into a foyer and another into the laundry room. Margate provides amenities like a trash chute down the hall and additional storage on the 29th floor. Security is ensured with 24-hour manned surveillance. Situated within Kingston Plantation amidst 145 acres of lush landscapes, this community offers a fitness center, pools, and a water park for additional fees, if available. Conveniently located in the Arcadian Shores area, residents have easy access to shops, grocery stores, and restaurants via car or golf cart. Don't miss the chance to be captivated by these breathtaking ocean views. Schedule your showing today and indulge in the ultimate coastal living experience!

Details

Property type

Condominium

Est. home value

$780,388

Lot size

Unknown

Price per sq ft

$266

Year built

2004

Monthly HOA fee

$2,060

Price History

06/28/2024
MyrtleBeach

MyrtleBeach #2409784

Price change
$699,900
-3.45%
04/22/2024
MyrtleBeach

MyrtleBeach #2409784

Listed
$724,900
+15.98%
06/16/2021
MyrtleBeach

MyrtleBeach #2022564

Sold
$625,000

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

High school: 

Myrtle Beach 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

$399,302
Asking price
$699,900
Closing costs (~8% of asking)
-$55,992
Est. remaining loan balance
-$244,606
Cash to seller
$399,302

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

July 2015

Original loan amount

$378,372

Est. remaining balance

$244,606

Interest rate

3.84%

Loan type

New Conventional, 20 year

Seller

Timothy M Barry and Suzanne Barry

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: 07/07/2024 at 6:55 PM

Listing updated: 06/28/2024 at 6:43 PM

Listed by: Dana Wilson, BH & G Elliott Coastal Living Phone #: (843) 280-5704

MLS: MyrtleBeach #2409784

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