$266,000
SOLD JUN 12, 2023

1605 S Ocean Blvd Unit 1507 THE PALACE Myrtle Beach, SC 29577

2 Beds
2 Baths
750 Sq Ft
$911/mo HOA Fee

Recently Sold

$355 Per Sq Ft

1% Below List Price

6 Days on Market

Highlights

  • Second Garage
  • Community Indoor Pool
  • Elevator
  • Clubhouse
  • Solid Surface Countertops
  • Stainless Steel Appliances

About This Home

As of June 2023

What a View!!!! This updated 2 Bedroom, 2 Bathroom condo in the Palace Resort is a must see! The 15th floor unit offers a spectacular ocean view. The condo has vinyl flooring throughout. The updated bathrooms have tiled walk in showers with granite countertops. The kitchen is updated with stainless steel appliances, tiled backsplash, granite countertops and flooring. The Palace offers a host of amenities which includes a large oceanfront outdoor pool, an indoor pool, an exercise gym, a putting green, a restaurant, wireless internet, a sauna, a huge parking garage, and much more. Besides being on the Ocean Front, The Palace is minutes from it all!!! Minutes to The Market Common, Myrtle Beach Airport, The Myrtle Beach Boardwalk, Broadway at the Beach, Legends Theater, Carolina Opry Theater, and many restaurants and shops. This unit is a must see!!! Great for either an Ocean Front Home or an Investment Property!!! Schedule your showing!!!

Last Agent to Sell the Property

Charlie DeMatteo

Keller Williams Innovate South License #119672 Listed on: 04/17/2023

Keller Williams Innovate South

Last Buyer's Agent

Jonathan Edmund

Wave Beach Realty, LLC License #87349

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,801

Year Built

  • Built in 1986

HOA Fees

  • $911 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Steel Siding
  • Tile

Interior Spaces

  • 750 Sq Ft Home
  • Vinyl Flooring

Kitchen

  • Range with Range Hood
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Single Vanity
  • Shower Only

Parking

  • Garage
  • Second Garage
  • Parking Deck

Outdoor Features

  • Balcony

Schools

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

Utilities

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

Community Details

Overview

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

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Community Indoor Pool

Pet Policy

  • Only Owners Allowed Pets

Building Details

  • Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,801

Year Built

Built in 1986

Lot Details

0

HOA Fees

$911 per month

Listing Details

  • Unit Location: Oceanview-Unit
  • Amenities Available: Clubhouse/Rec/Facilities, Pool-Outdoor Community, Restrictions, Security, Seller Disclosure, Owner Allowed Pet, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed, Pool-Indoor Community
  • Estimated Year Built: 1986
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Tile, Vinyl
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Monthly HOA as Calculated: 911
  • HOA Management Company: Ally Management 843.497.3555
  • Lvt Date: 04/17/2023
  • Sold Total Heated Sq Ft: 750
  • Sold Total Sq Ft: 750
  • Total Heated Sq Ft: 750
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building
  • Exterior Unit Features: Balcony, Elevator-Exterior, Additional Garage
  • HOA Fees include insurance: Yes
  • Project Section Code: Palace, The
  • Which Floor: 15
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1986

Interior Features

  • Primary Bathroom: Shower, Vanity
  • Kitchen Type: Dishwasher, Garbage Disposal, Refrigerator, Range, Range Hood, Stainless Steel Apps., Solid Surface Countertops
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Levels: Single Level
  • Total Sq Ft: 750

Exterior Features

  • Exterior Finish: Concrete/Steel
  • Foundation: Slab

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

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

Condo/Co-op/Association

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

Schools

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

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
Apr 17, 2023
Closed on
Jun 9, 2023
Sold by
Lavin Paul Gabriel
Bought by
Wasley Lisa Kosakowski
Seller's Agent
Charlie DeMatteo
Keller Williams Innovate South
Buyer's Agent
Jonathan Edmund
Wave Beach Realty, LLC
List Price
$269,900
Sold Price
$266,000
Premium/Discount to List
-$3,900
-1.44%
Views
280
Current Estimated Value
$229,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,317
Avg. Annual Appreciation
-6.53%
Original Mortgage
$199,500
Outstanding Balance
$195,586
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$34,934

Purchase Details

Listed on
May 1, 2018
Closed on
Jun 1, 2018
Sold by
Gabriel Timothy H
Bought by
Lavin Paul Gabriel
Seller's Agent
Timothy Gabriel
Gabriel Financial Real Estate
Buyer's Agent
James Cole
Gabriel Financial Real Estate
List Price
$130,000
Sold Price
$130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.30%
Original Mortgage
$82,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2014
Sold by
Ahlfeldt Harry J and Ahlfeldt Carol A
Bought by
Gabriel Timothy and Gabriel Miriam K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,800
Interest Rate
4.4%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Warranty Deed $266,000 --
Warranty Deed $130,000 --
Deed $102,400 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $199,500 New Conventional
Previous Owner $82,000 New Conventional
Previous Owner $76,800 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2023 06/12/23 Sold $266,000 -1.4% $355 / Sq Ft
04/17/2023 04/17/23 For Sale $269,900 +107.6% $360 / Sq Ft
06/01/2018 06/01/18 Sold $130,000 0.0% $148 / Sq Ft
05/01/2018 05/01/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $130,000 -- $148 / 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 $3,801 $14,805 $0 $14,805
2023 $3,801 $14,805 $0 $14,805
2021 $335 $14,805 $0 $14,805
2020 $2,180 $14,805 $0 $14,805
2019 $2,180 $14,805 $0 $14,805
2018 $1,564 $10,290 $0 $10,290
2017 $1,546 $10,290 $0 $10,290
2016 -- $10,290 $0 $10,290
2015 $1,529 $3,920 $0 $3,920
2014 $1,380 $3,640 $0 $3,640
Source: Public Records

Agents Affiliated with this Home

  • Charlie DeMatteo

    Seller's Agent in 2023

    Charlie DeMatteo

    Keller Williams Innovate South

    (914) 774-4097

    90 Total Sales

    Section Image
  • Jonathan Edmund

    Buyer's Agent in 2023

    Jonathan Edmund

    Wave Beach Realty, LLC

    (843) 957-3872

    386 Total Sales

    Section Image
  • Timothy Gabriel

    Seller's Agent in 2018

    Timothy Gabriel

    Gabriel Financial Real Estate

    (843) 222-5335

    20 Total Sales

    Section Image

  • J

    Buyer's Agent in 2018

    James Cole

    Gabriel Financial Real Estate

    (843) 446-7881

    23 Total Sales

    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2307250

Coastal Carolinas Association of REALTORS®

APN: 44314040093

South Carolina Horry County Myrtle Beach 29577

1605 S Ocean Blvd Unit 1507 THE PALACE, Myrtle Beach, SC

This home is located at 1605 S Ocean Blvd Unit 1507 THE PALACE, Myrtle Beach, SC 29577 and is currently priced at $266,000, approximately $354 per square foot. This property was built in 1986. 1605 S Ocean Blvd Unit 1507 THE PALACE is a home located in Horry County with nearby schools including Myrtle Beach Child Development Center, Myrtle Beach Primary School, and Myrtle Beach Elementary 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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