$228,000
SOLD JAN 8, 2025
2 Beds
2 Baths
739 Sq Ft
$911/mo HOA Fee

Recently Sold

$309 Per Sq Ft

17% Below List Price

209 Days on Market

Highlights

  • Community Indoor Pool
  • Balcony
  • Luxury Vinyl Tile Flooring
  • Furnished
  • Kitchen Island
  • Central Heating and Cooling System

About This Home

As of January 2025

Welcome to your coastal oasis at the Palace Resort with beautiful views! This luxurious 2-bedroom, 2-bathroom condo offers a perfect blend of comfort and elegance. With breathtaking ocean views from your two large private balconies, you can enjoy stunning sunrises everyday! Updated with new flooring and decorated with stylish furniture, this unit is completely turn-key! Featuring a full kitchen, living and dining areas which are very spacious and open up to amazing ocean views. Relax and unwind in the master suite with it's own en-suite bathroom with a vanity and tub/shower combo or retreat to the guest bedroom for added privacy with it's own balcony! The Palace Resort offers great amenities like oceanfront pools, whirlpools, a fitness room, and more. The location is conveniently located near the airport, shopping, dining, golfing, entertainment, and attractions. Whether you're looking for a permanent home, a vacation retreat, or an investment, this opportunity is a must-see. Sold fully furnished! Don't miss out on having your own piece of paradise!

Last Agent to Sell the Property

Blair Higdon

INNOVATE Real Estate Listed on: 05/08/2024

INNOVATE Real Estate

Co-Listed By

Emily Higdon

INNOVATE Real Estate License #124208

Last Buyer's Agent

Grand Strand Team

INNOVATE Real Estate

INNOVATE Real Estate

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1986

HOA Fees

  • $911 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Entry on the 15th floor
  • Slab Foundation
  • Steel Siding

Interior Spaces

  • 739 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Insulated Doors
  • Family or Dining Combination
  • Luxury Vinyl Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • Association fees include electric common, water and sewer, trash pickup, elevator service, pool service, landscape/lawn, insurance, security, primary antenna/cable TV, internet access, pest control
  • High-Rise Condominium

Recreation

  • Community Indoor Pool

Additional Features

  • Door to Door Trash Pickup
  • Security

Property Details

Home Type

Condominium

Year Built

Built in 1986

Lot Details

0

HOA Fees

$911 per month

Listing Details

  • Lot Description: Rectangular
  • Unit Location: Oceanview-Unit
  • Amenities Available: Pool-Outdoor Community, Restrictions, Security, Seller Disclosure, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed, Trash Pickup, Cable Tv, Internet Access, Pool-Indoor Community
  • Estimated Year Built: 1986
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Luxury Vinyl Plank/Tile
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Heat, Central Air, Electric
  • Monthly HOA as Calculated: 911
  • HOA Management Company: First Service Residential 843-904-7001
  • Living Room Type: Ceiling Fan
  • Lvt Date: 05/08/2024
  • Total Heated Sq Ft: 739
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Oceanview-Building, Inside City Limits, East Of Bus 17, East Of Highway 17 Bypass
  • Exterior Unit Features: Balcony, Insulated Doors/Windows
  • HOA Fees include insurance: Yes
  • Project Section Code: Palace, The
  • Rental Mgmt Contract: Yes
  • Which Floor: 15
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1986

Interior Features

  • Furnished: Yes
  • Kitchen Type: Dishwasher, Garbage Disposal, Refrigerator, Range, Work Island, Microwave
  • Bedrooms: 2
  • Dining Room Type: Fam/Dr Combo
  • Full Bathrooms: 2
  • Levels: Three Or More
  • Total Sq Ft: 789
  • Bathroom Features:Shared Primary Bath: Tub/Shower Combo

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: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Insurance, Security, Primary Antenna/Cable Tv, Internet Access, Pest Control

Lot Info

  • Zoning: MU-H

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
May 8, 2024
Closed on
Jan 8, 2025
Sold by
Johnson Erik M
Bought by
Sbg Property Investments Llc
Seller's Agent
Blair Higdon
INNOVATE Real Estate
Buyer's Agent
Grand Strand Team
INNOVATE Real Estate
List Price
$275,000
Sold Price
$228,000
Premium/Discount to List
-$47,000
-17.09%
Views
106
Current Estimated Value
$227,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$267
Avg. Annual Appreciation
-0.13%
Original Mortgage
$171,000
Outstanding Balance
$170,848
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$56,885

Purchase Details

Closed on
Sep 5, 2023
Sold by
Flannery Michael D
Bought by
Johnson Erik M

Purchase Details

Closed on
Dec 16, 2021
Sold by
Rokes Kathleen Marie
Bought by
Flannery Michael D and Flannery Tricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 2012
Sold by
Lovelass Theodore J
Bought by
Rokes Kathleen Marie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 $228,000 --
Warranty Deed $245,000 --
Warranty Deed $155,000 --
Deed $80,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $171,000 New Conventional
Previous Owner $124,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2025 01/08/25 Sold $228,000 -4.4% $309 / Sq Ft
11/29/2024 11/29/24 Price Changed $238,400 0.0% $323 / Sq Ft
09/18/2024 09/18/24 Price Changed $238,500 -0.2% $323 / Sq Ft
07/25/2024 07/25/24 Price Changed $239,000 -1.4% $323 / Sq Ft
07/08/2024 07/08/24 Price Changed $242,500 -3.0% $328 / Sq Ft
06/19/2024 06/19/24 Price Changed $249,999 -9.1% $338 / Sq Ft
05/08/2024 05/08/24 For Sale $275,000 -- $372 / 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 $14,934 $0 $14,934
2023 $3,801 $14,805 $0 $14,805
2021 $2,478 $14,805 $0 $14,805
2020 $1,618 $14,805 $0 $14,805
2019 $1,618 $14,805 $0 $14,805
2018 $1,452 $9,555 $0 $9,555
2017 $1,436 $5,460 $0 $5,460
2016 -- $5,460 $0 $5,460
2015 $1,420 $9,555 $0 $9,555
2014 $1,380 $5,460 $0 $5,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2411307

Coastal Carolinas Association of REALTORS®

APN: 44314040186