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$1,250,000

Beds
3
Baths
3.0
sq ft
2,436

8500 Margate Cir Unit 505, Myrtle Beach, SC 29572

8500 Margate Cir Unit 505

Myrtle Beach, SC 29572

  • 94 days on market
Ready to enjoy the Good Life!! Luxury living on the Carolina Coast featuring Incredible views of the Atlantic Ocean. Truly a rare find at Margate! This pristine villa offers over 2,600 total square feet with breathtaking direct ocean views, in one of Myrtle Beach’s most sought-after resorts. 3-bedroom 3 bath deluxe condo is loaded with special details not found in other condos. Spacious bedrooms, an updated kitchen, upgraded appliances, fresh paint, new carpet and much more. Another bonus is this floor does not allow short term rentals, super PRIVATE! Enjoy the quietness and tranquility that you deserve, perfect for a primary residence or vacation home. Being offered mostly furnished with top of the line furniture, impressive window treatments and full sized mud room. You will fall in love with the amazing views from nearly every room in the place, simply sensational sunrises daily!! Come see for yourself what makes this property different from the rest. Kingston Plantation is a 145 acre, master planned community with a combination of amenities and preserved natural landscapes, twelve fresh water lakes nestled in the heart of Myrtle Beach. The amenities include twelve pools, restaurants, fitness / spa facility, four pickleball courts, badminton, croquet, beach volleyball, four clay and hard tennis courts and security around the clock! This unparalleled building has approximately one-half mile of white sand beach and a direct view of the pier. Schedule your private showing today!

Details

Property type

Condominium

Est. home value

$982,809

Lot size

Unknown

Price per sq ft

$514

Year built

2004

Monthly HOA fee

$1,916

Price History

09/20/2024
MyrtleBeach

MyrtleBeach #2421867

Listed
$1,250,000
+78.57%
10/19/2020
MyrtleBeach

MyrtleBeach #2017257

Sold
$700,000

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Intermediate School

High school: 

Myrtle Beach High School

Community features: 

Pool, Gated

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

$686,820
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$463,180
Cash to seller
$686,820

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

Seller’s Loan History

Lender

Ameris Bank

Loan start date

October 2020

Original loan amount

$510,400

Est. remaining balance

$463,180

Interest rate

2.91%

Loan type

New Conventional, 30 year

Seller

Lonnie M Player and Dana Player

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: 12/22/2024 at 9:35 PM

Listing updated: 11/07/2024 at 10:00 AM

Listed by: Mark Fales, GRANDE DUNES PROPERTIES Phone #: (843) 692-2323

MLS: MyrtleBeach #2421867

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