$162,500
SOLD JAN 30, 2025
1 Bed
1 Bath
539 Sq Ft
$683/mo HOA Fee

Recently Sold

$301 Per Sq Ft

7% Below List Price

107 Days on Market

Highlights

  • Ocean Front
  • Furnished
  • Breakfast Bar
  • Community Indoor Pool
  • Balcony
  • Central Heating and Cooling System

About This Home

As of January 2025

Panoramic views from this fully furnished 1 bed, 1 bath condo at The Palace Resort. Wake up to views of the Atlantic right from your bedside in your separate bedroom or enjoy breathtaking sunsets from your private balcony. This spacious, bright, clean open floor plan condo has a spacious kitchen with breakfast bar, refrigerator, range, microwave, dishwasher, garbage disposal and is fully equipped providing all the comforts of home while you're away. Separate dining area and large living room with new pull-out sofa bed all with amazing water views. This unit has been freshly painted and owners have installed a new hurricane proof door to balcony. Property can be used as a great investment property or second home. Owners can choose to use on-site, off-site or Airbnb for rentals. The Palace offers many amenities including 2 outdoor pools, an onsite restaurant, game room, exercise room, sauna, steam room and hot tub/jacuzzis. Don't let this one get away....Schedule your showing today!!!

Last Agent to Sell the Property

Lee Lott

Century 21 The Harrelson Group License #119535 Listed on: 09/09/2024

Century 21 The Harrelson Group

Last Buyer's Agent

Sean Kort

Dream Realty Myrtle Beach, LLC License #54843

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1986

HOA Fees

  • $683 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Entry on the 17th floor
  • Slab Foundation
  • Steel Siding

Interior Spaces

  • 539 Sq Ft Home
  • Furnished
  • Window Treatments
  • Combination Dining and Living Room
  • Vinyl Flooring

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Schools

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

Utilities

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

Additional Features

  • Balcony
  • Ocean Front
  • Flood Zone Lot

Community Details

Overview

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

Recreation

  • Community Indoor Pool

Security

  • Storm Doors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1986

Lot Details

0

HOA Fees

$683 per month

Listing Details

  • Lot Description: Designated Flood Zone
  • Unit Location: Oceanfront-Unit, Oceanview-Unit
  • Amenities Available: Pool-Outdoor Community, Restrictions, Seller Disclosure, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Pool-Indoor Community
  • Estimated Year Built: 1986
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Vinyl
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Monthly HOA as Calculated: 683
  • HOA Management Company: First Service Residential: 843-904-7001
  • Lvt Date: 09/09/2024
  • Total Heated Sq Ft: 539
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Inside City Limits, East Of Bus 17, East Of Highway 17 Bypass
  • Exterior Unit Features: Balcony, Storm Doors
  • HOA Fees include insurance: Yes
  • Project Section Code: Palace, The
  • Rental Mgmt Contract: Yes
  • Which Floor: 17
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1986

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey, Fire Sprinkler, Smoke Detector, Furnished
  • Kitchen Type: Dishwasher, Garbage Disposal, Refrigerator, Range, Breakfast Bar, Microwave
  • Bedrooms: 1
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 1
  • Total Sq Ft: 539

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, Telephone, Underground Utilities, Water Public

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Insurance, Manager, Rec. Facilities, Legal And Accounting, Primary 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
Sep 9, 2024
Closed on
Jan 28, 2025
Sold by
Myers Kevin D
Bought by
Balogh John M and Balogh Sally J
Seller's Agent
Lee Lott
Century 21 The Harrelson Group
Buyer's Agent
Sean Kort
Dream Realty Myrtle Beach, LLC
List Price
$175,000
Sold Price
$162,500
Premium/Discount to List
-$12,500
-7.14%
Views
31
Current Estimated Value
$159,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,580
Avg. Annual Appreciation
-1.87%

Purchase Details

Closed on
Mar 9, 2017
Sold by
Mcguinness Mary C
Bought by
Myers Kevin D and Myers M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,250
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2003
Sold by
Fountain Sheldon and Fountain Wendy M
Bought by
Mcguinness Mary C and Packer Edward R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
5.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2001
Sold by
Johnson Stephen N and Johnson John P
Bought by
Fountain Sheldon and Fountain Wendy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,095
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
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 $162,500 --
Warranty Deed $67,000 --
Deed $82,000 --
Warranty Deed $70,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $50,250 New Conventional
Previous Owner $65,600 Purchase Money Mortgage
Previous Owner $60,095 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2025 01/30/25 Sold $162,500 -4.4% $301 / Sq Ft
10/29/2024 10/29/24 Price Changed $169,900 -2.9% $315 / Sq Ft
09/09/2024 09/09/24 For Sale $175,000 -- $325 / 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 $1,273 $10,050 $0 $10,050
2023 $1,273 $9,975 $0 $9,975
2021 $1,175 $9,975 $0 $9,975
2020 $1,121 $9,975 $0 $9,975
2019 $1,121 $9,975 $0 $9,975
2018 $0 $6,615 $0 $6,615
2017 $0 $3,780 $0 $3,780
2016 -- $3,780 $0 $3,780
2015 $983 $6,615 $0 $6,615
2014 $956 $3,780 $0 $3,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2421012

Coastal Carolinas Association of REALTORS®

APN: 44314040097