NOT LISTED FOR SALE

1055 S Waccamaw Dr Unit "Carolina Palms" Murrells Inlet, SC 29576

Garden City Beach Neighborhood

Estimated Value: $2,240,181 - $2,466,000

6 Beds
6.5 Baths
3,800 Sq Ft
$617/Sq Ft Est. Value

Last Sold April 15, 2020

Last sale price $1,600,000 $421 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $14,773/month

368 Days on Market

About This Home

As of April 2020

No shirt, no shoes, no problem at Carolina Palms. 1055 S. Waccamaw Drive is a magnificently built custom oceanfront beach home. A host of upmarket features make this fully furnished beach home the ideal home base along the Carolina Coast. The multifaceted design layout makes it uniquely qualified to function as a primary residence, second home, rental investment, or any combination the three. The main level of the home features a massive open kitchen, dining room, and living area all with unparalleled ocean views. The tranquility of waves crashing on the beach is afforded from any of the four balconies. A heated outdoor bar area with beverage refrigerator will provide endless hours of entertainment. Five of the spacious bedrooms feature en-suite bathrooms and the sixth bedroom, bathroom and loft area are secluded on the top level. Some of the additional features are stainless steel appliances, double ovens, two dishwashers, second & third-floor sitting areas, marsh-side sundeck and so much more. Live life like it should be at 1055 S. Waccamaw Drive. The Vacation Life starts here...

Last Agent to Sell the Property

Kevin Derenzo

Beach Realty South, LLC License #46556 Listed on: 02/11/2019

Co-Listed By

Jason Ellis

Beach Realty South, LLC

Last Buyer's Agent

Greg Sisson

The Ocean Forest Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,943

Year Built

  • Built in 2012

Lot Details

  • 0.4 Acre Lot
  • Property is zoned RR

Parking

  • Tuck Under Parking

Home Design

  • 3,800 Sq Ft Home
  • Stilt Home

Bedrooms and Bathrooms

  • 6 Bedrooms

Schools

  • Waccamaw Elementary School
  • Waccamaw Middle School
  • Waccamaw High School

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,943

Year Built

Built in 2012

Lot Details

0

Parking

6

Listing Details

  • Estimated Year Built: 2012
  • Class: Residential
  • Construction Status: Resale
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 02/12/2019
  • Sold Total Heated Sq Ft: 3800
  • Sold Total Sq Ft: 4000
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 6
  • Total Heated Sq Ft: 3800
  • Geo Subdivision: SC
  • Ground Floor Heated Sq Ft: 200
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2012

Interior Features

  • Bedrooms: 6
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Sq Ft: 4000

Exterior Features

  • Number Of Acres: 0.4

Garage/Parking

  • Type: Detached

Schools

  • Elementary School: Waccamaw Elementary School
  • Middle School: Waccamaw Middle School
  • High School: Waccamaw High School

Lot Info

  • Zoning: RR

MLS Schools

  • Elementary School: Waccamaw Elementary School
  • HighSchool: Waccamaw High School
  • Middle School: Waccamaw Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2019
Closed on
Apr 9, 2020
Sold by
Brooks Danny W and Brooks Leah C
Bought by
Cutlip Robert M and Cutlip Kimberly M
Seller's Agent
Kevin Derenzo
Beach Realty South, LLC
Buyer's Agent
Greg Sisson
The Ocean Forest Company
List Price
$1,829,000
Sold Price
$1,600,000
Premium/Discount to List
-$229,000
-12.52%
Current Estimated Value
$2,343,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$743,727
Avg. Annual Appreciation
7.31%
Original Mortgage
$1,200,000
Interest Rate
3.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 11, 2012
Sold by
Johnson Barbara J
Bought by
Brooks Danny W and Brooks Leah C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cutlip Robert M $1,600,000 None Available
Brooks Danny W $750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cutlip Kimberly $1,139,000
Closed Cutlip Robert M $1,200,000
Previous Owner Brooks Danny W $1,182,000
Previous Owner Brooks Danny W $562,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2020 04/15/20 Sold $1,600,000 0.0% $421 / Sq Ft
04/12/2020 04/12/20 Off Market $1,600,000 -- --
02/11/2019 02/11/19 For Sale $1,829,000 -- $481 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $21,943 $87,040 $54,000 $33,040
2023 $21,943 $87,040 $54,000 $33,040
2022 $20,436 $87,040 $54,000 $33,040
2021 $19,801 $0 $0 $0
2020 $19,775 $0 $0 $0
2019 $18,847 $0 $0 $0
2018 $18,965 $0 $0 $0
2017 $17,620 $0 $0 $0
2016 $17,528 $83,190 $0 $0
2015 $13,670 $0 $0 $0
2014 $13,670 $1,381,500 $855,000 $526,500
2012 -- $971,000 $855,000 $116,000
Source: Public Records

Agents Affiliated with this Home

  • Kevin Derenzo

    Seller's Agent in 2020

    Kevin Derenzo

    Beach Realty South, LLC

    (843) 548-2669

    4 in this area

    39 Total Sales

    Section Image
  • Jason Ellis

    Seller Co-Listing Agent in 2020

    Jason Ellis

    Beach Realty South, LLC

    (843) 222-2672

    393 Total Sales

    Section Image
  • Greg Sisson

    Buyer's Agent in 2020

    Greg Sisson

    The Ocean Forest Company

    (843) 420-1303

    5 in this area

    1,687 Total Sales

    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1903417

Coastal Carolinas Association of REALTORS®

APN: 41-0116-054-00-00

South Carolina Georgetown County Murrells Inlet 29576 Garden City Beach

1055 S Waccamaw Dr Unit "Carolina Palms", Murrells Inlet, SC

This home is located at 1055 S Waccamaw Dr Unit "Carolina Palms", Murrells Inlet, SC 29576 since 11 February 2019 and is currently estimated at $2,343,727, approximately $616 per square foot. This property was built in 2012. 1055 S Waccamaw Dr Unit "Carolina Palms" is a home located in Georgetown County with nearby schools including Waccamaw Elementary School, Waccamaw Intermediate School, and Waccamaw Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Coastal Carolinas Association of REALTORS® Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.

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