NOT LISTED FOR SALE

1605 S Ocean Blvd Unit 1002 THE PALACE Myrtle Beach, SC 29577

Downtown Myrtle Beach Neighborhood

Estimated Value: $121,000 - $160,000

1 Bed
1 Bath
386 Sq Ft
$456/mo HOA Fee

Last Sold February 28, 2024

Last sale price $137,900 $357 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,281/month

145 Days on Market

Highlights

  • Ocean Front
  • Soaking Tub and Separate Shower in Primary Bathroom
  • Solid Surface Countertops
  • Clubhouse
  • Furnished
  • Community Pool

About This Home

As of February 2024

This is the upgraded, beautiful oceanfront condominium -- perched on the tenth floor with stunning ocean views -- you've been looking for. With tile floors, a private balcony, modern decor, a full kitchen and even a small dining area, this efficiency will make a terrific beach getaway and can also serve as an attractive investment property. This completely turn-key property includes a new sofa, new bed, new mattress, new kitchen countertop, new dishwasher, new microwave, new bathroom floor, fresh paint and hot water heater that is only 2 years old. This efficiency is close to everything that Myrtle Beach offers. Shopping, golf, entertainment, restaurants, fishing, and more! The onsite amenities include indoor and outdoor whirlpools, a large oceanfront outdoor pool, exercise room, sauna, restaurant, and lounge.

Last Agent to Sell the Property

Adam Levy

Century 21 The Harrelson Group License #133902 Listed on: 08/04/2023

Century 21 The Harrelson Group

Last Buyer's Agent

Krista Webster

eXp Realty LLC License #308910

eXp Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,553

Year Built

  • Built in 1986

Lot Details

  • 1.88

HOA Fees

  • $456 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Entry on the 10th floor
  • Wallpaper
  • Steel Siding
  • Tile

Interior Spaces

  • 386 Sq Ft Home
  • Furnished
  • Window Treatments
  • Insulated Doors
  • Dining Area

Kitchen

  • Breakfast Bar
  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • Single Vanity
  • Soaking Tub and Separate Shower in Primary Bathroom

Schools

  • Myrtle Beach Elementary School
  • Myrtle Beach Middle School
  • Myrtle Beach High School

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Balcony
  • Ocean Front

Community Details

Overview

  • Association fees include electric common, water and sewer, trash pickup, elevator service, pool service, landscape/lawn, insurance, manager, security, rec. facilities, legal and accounting, master antenna/cable TV, common maint/repair, internet access, pest control
  • High-Rise Condominium

Amenities

  • Clubhouse

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,553

Year Built

Built in 1986

Lot Details

0

HOA Fees

$456 per month

Listing Details

  • Unit Location: Oceanfront-Unit
  • Amenities Available: Clubhouse/Rec/Facilities, Pool-Outdoor Community, Restrictions, Seller Disclosure, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed
  • Estimated Year Built: 1986
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Tile
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Heat, Central Air, Electric
  • Monthly HOA as Calculated: 456
  • HOA Management Company: Waccamaw Mgmt (843) 272-8705
  • Lvt Date: 08/04/2023
  • Total Heated Sq Ft: 386
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Inside City Limits, East Of Bus 17
  • Exterior Unit Features: Balcony, Insulated Doors/Windows
  • Gross Annual Rental Incom: 2022: $23,044
  • HOA Fees include insurance: Yes
  • HOA Fees include insurance: Yes
  • Project Section Code: Palace, The
  • Rental Mgmt Contract: Yes
  • Which Floor: 10
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1986

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey, Furnished, Enter Through Foyer
  • Primary Bathroom: Tub, Shower, Vanity, Wallpaper/Covering, Tub/Shower Combo
  • Kitchen Type: Dishwasher, Refrigerator, Range, Breakfast Bar, Oven, Freezer, Microwave, Solid Surface Countertops
  • Bedrooms: Efficiency
  • Dining Room Type: Area
  • Full Bathrooms: 1
  • Levels: Single Level
  • Total Sq Ft: 425

Exterior Features

  • Exterior Finish: Concrete/Steel

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

  • Water Heater: Electric
  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Water Public

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Insurance, Manager, Security, Rec. Facilities, Legal And Accounting, Master Antenna/Cable Tv, Common Maint/Repair, Internet Access, Pest Control

Lot Info

  • Zoning: MF

MLS Schools

  • Elementary School: Myrtle Beach Elementary School
  • HighSchool: Myrtle Beach High School
  • Middle School: Myrtle Beach Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2023
Closed on
Jan 29, 2024
Sold by
Funsch Eric D
Bought by
Means Valerie
Seller's Agent
Adam Levy
Century 21 The Harrelson Group
Buyer's Agent
Krista Webster
eXp Realty LLC
List Price
$164,900
Sold Price
$137,900
Premium/Discount to List
-$27,000
-16.37%
Views
176
Current Estimated Value
$132,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,937
Avg. Annual Appreciation
-1.37%

Purchase Details

Listed on
Jan 14, 2021
Closed on
Apr 22, 2021
Sold by
Lindstrom Property Management Llc
Bought by
Funsch Eric D
Seller's Agent
Tim Arnold
Grand Strand Homes & Land
Buyer's Agent
The Patrick Team
CB Sea Coast Advantage CF
List Price
$82,500
Sold Price
$77,000
Premium/Discount to List
-$5,500
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.69%

Purchase Details

Closed on
Apr 23, 2015
Sold by
Ahlfeldt Harry J and Ahlfeldt Carol A
Bought by
Lindstrom Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
3.79%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
Means Valerie $137,900 --
Funsch Eric D $77,000 --
Lindstrom Property Management Llc $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lindstrom Property Management Llc $51,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2024 02/28/24 Sold $137,900 +2.2% $357 / Sq Ft
11/06/2023 11/06/23 Price Changed $134,900 -3.6% $349 / Sq Ft
10/04/2023 10/04/23 Price Changed $139,900 -6.7% $362 / Sq Ft
09/13/2023 09/13/23 Price Changed $149,900 -6.3% $388 / Sq Ft
08/31/2023 08/31/23 Price Changed $159,900 -3.0% $414 / Sq Ft
08/04/2023 08/04/23 For Sale $164,900 +114.2% $427 / Sq Ft
04/22/2021 04/22/21 Sold $77,000 -3.6% $193 / Sq Ft View Prior Sale
03/06/2021 03/06/21 Price Changed $79,900 -3.2% $200 / Sq Ft
01/14/2021 01/14/21 For Sale $82,500 -- $206 / 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 $1,553 $8,754 $0 $8,754
2023 $1,553 $6,405 $0 $6,405
2021 $1,432 $6,405 $0 $6,405
2020 $925 $6,405 $0 $6,405
2019 $925 $6,405 $0 $6,405
2018 $830 $5,460 $0 $5,460
2017 $821 $3,120 $0 $3,120
2016 -- $3,120 $0 $3,120
2015 $858 $5,775 $0 $5,775
2014 -- $2,200 $0 $2,200
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Adam Levy

    Century 21 The Harrelson Group

    (843) 995-7868

    29 in this area

    131 Total Sales

    Adam Levy
    Section Image
  • Krista Webster

    Buyer's Agent in 2024

    Krista Webster

    eXp Realty LLC

    (888) 584-9431

    3 in this area

    60 Total Sales

    Krista Webster
    Section Image
  • Tim Arnold

    Seller's Agent in 2021

    Tim Arnold

    Grand Strand Homes & Land

    (304) 888-7599

    4 in this area

    90 Total Sales

    Tim Arnold
    Section Image

  • T

    Buyer's Agent in 2021

    The Patrick Team

    CB Sea Coast Advantage CF

    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2315467

Coastal Carolinas Association of REALTORS®

APN: 44314040155

South Carolina Horry County Myrtle Beach 29577 Downtown Myrtle Beach

1605 S Ocean Blvd Unit 1002 THE PALACE, Myrtle Beach, SC

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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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