NOT LISTED FOR SALE

1605 S Ocean Blvd Unit 511 The Palace Myrtle Beach, SC 29577

Downtown Myrtle Beach Neighborhood

Estimated Value: $147,000 - $150,000

1 Bed
1 Bath
539 Sq Ft
$683/mo HOA Fee

Last Sold August 16, 2024

Last sale price $143,000 $265 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,673/month

180 Days on Market

Highlights

  • Spa
  • Stainless Steel Appliances
  • Luxury Vinyl Tile Flooring
  • Furnished
  • Balcony
  • Central Heating and Cooling System

About This Home

As of August 2024

Welcome to the Palace Resort. This Gorgeous newly renovated and updated South Facing 1BR/1BA unit located mid way up in the resort boast tons of features including gorgeous views of the Atlantic from the balcony. Sit and relax while enjoying your morning coffee of favorite beverage while listing to the waves crashing on the shore below. The Palace is located in the heart of Myrtle Beach within minutes of some of the areas best attractions including Broadway at The Beach, TopGolf, Coastal Grand Mall, The Market Common, restaurants, shopping and the Myrtle Beach International airport just to name a few. The resort features a wide variety of onsite amenities including indoor and outdoor pools, whirlpools, sauna, fitness room, mini golf, arcade as well as a full service oceanfront bar and restaurant all sure to entertain everyone in your group. Don't miss this opportunity to be a part of this wonderful Resort. Call today to schedule your very own private showing!

Last Agent to Sell the Property

Blair Higdon

INNOVATE Real Estate Listed on: 01/13/2024

INNOVATE Real Estate

Last Buyer's Agent

Rick Noble

Century 21 Barefoot Realty License #135447

Century 21 Barefoot Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,538

Year Built

  • Built in 1986

Lot Details

  • 1.88

HOA Fees

  • $683 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 5th floor
  • Slab Foundation
  • Steel Siding

Interior Spaces

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

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Single Vanity
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

Outdoor Features

  • Spa
  • Balcony

Schools

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

Utilities

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

Community Details

Overview

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

Recreation

  • Community Indoor Pool

Additional Features

  • Door to Door Trash Pickup
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,538

Year Built

Built in 1986

Lot Details

0

HOA Fees

$683 per month

Listing Details

  • Unit Location: Oceanview-Unit
  • Amenities Available: Pool-Outdoor Community, Restrictions, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed, Trash Pickup, 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: 683
  • HOA Management Company: First Service Residential 843-904-7001
  • Lvt Date: 01/13/2024
  • Total Heated Sq Ft: 539
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Inside City Limits, East Of Bus 17
  • Exterior Unit Features: Balcony, Spa/Hot Tub
  • HOA Fees include insurance: Yes
  • Project Section Code: Palace, The
  • Rental Mgmt Contract: Yes
  • Which Floor: 05
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1986

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey, Smoke Detector, Furnished
  • Primary Bathroom: Vanity, Tub/Shower Combo
  • Kitchen Type: Dishwasher, Refrigerator, Range, Microwave, Range Hood, Stainless Steel Apps.
  • Bedrooms: 1
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 1
  • Levels: Single Level
  • Total Sq Ft: 589

Exterior Features

  • Exterior Finish: Concrete/Steel
  • Foundation: Slab

Garage/Parking

  • Type: Condo
  • Parking: Private Grg

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, Master Antenna/Cable Tv, Common Maint/Repair, Pest Control

Lot Info

  • Zoning: MF

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2024
Closed on
Aug 9, 2024
Sold by
Stanley Wendy G
Bought by
Rinehardt Christopher T
Seller's Agent
Blair Higdon
INNOVATE Real Estate
Buyer's Agent
Rick Noble
Century 21 Barefoot Realty
List Price
$168,000
Sold Price
$143,000
Premium/Discount to List
-$25,000
-14.88%
Views
84
Current Estimated Value
$148,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,672
Avg. Annual Appreciation
3.32%
Original Mortgage
$100,000
Outstanding Balance
$98,847
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$49,825

Purchase Details

Listed on
Aug 18, 2022
Closed on
Oct 21, 2022
Sold by
Ibrahim Michael
Bought by
Stanley Wendy G and Brown Elizabeth E
Seller's Agent
Ryan Korros
RE/MAX Southern Shores
Buyer's Agent
Darren Woodard Team
INNOVATE Real Estate
List Price
$175,000
Sold Price
$147,000
Premium/Discount to List
-$28,000
-16%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.52%
Original Mortgage
$110,250
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 3, 2021
Closed on
Nov 3, 2021
Sold by
Mills James Lawrence
Bought by
Ibrahim Michael
Seller's Agent
Dona Lee
RE/MAX Southern Shores
Buyer's Agent
Ryan Korros
RE/MAX Southern Shores
List Price
$125,000
Sold Price
$120,000
Premium/Discount to List
-$5,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.01%

Purchase Details

Closed on
Mar 29, 2011
Sold by
Vliet Family Properties Rllp
Bought by
Mills James Lawrence

Purchase Details

Closed on
Nov 17, 2004
Sold by
Meng Ena C K and Meng Eva Y H
Bought by
Vliet Family Properties R L L L P

Purchase Details

Closed on
May 15, 1998
Sold by
Meng Ena C K and Meng Y H
Bought by
Stanley Thomas Terry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
9.5%
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Rinehardt Christopher T $143,000 --
Stanley Wendy G $147,000 --
Ibrahim Michael $120,000 --
Mills James Lawrence $45,000 --
Vliet Family Properties R L L L P $91,050 --
Stanley Thomas Terry $73,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rinehardt Christopher T $100,000
Previous Owner Stanley Wendy G $110,250
Previous Owner Stanley Thomas Terry $66,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/16/2024 08/16/24 Sold $143,000 -4.7% $265 / Sq Ft
06/12/2024 06/12/24 Price Changed $149,999 -6.2% $278 / Sq Ft
05/14/2024 05/14/24 Price Changed $159,950 -1.9% $297 / Sq Ft
03/18/2024 03/18/24 Price Changed $163,000 -3.0% $302 / Sq Ft
01/13/2024 01/13/24 For Sale $168,000 +14.3% $312 / Sq Ft
10/28/2022 10/28/22 Sold $147,000 -2.0% $273 / Sq Ft View Prior Sale
09/14/2022 09/14/22 Price Changed $150,000 -5.7% $278 / Sq Ft
08/28/2022 08/28/22 Price Changed $159,000 -9.1% $295 / Sq Ft
08/18/2022 08/18/22 For Sale $175,000 +45.8% $325 / Sq Ft
11/04/2021 11/04/21 Sold $120,000 0.0% $223 / Sq Ft View Prior Sale
09/14/2021 09/14/21 Price Changed $120,000 -4.0% $223 / Sq Ft
09/03/2021 09/03/21 For Sale $125,000 -- $232 / 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 $2,538 $10,050 $0 $10,050
2023 $2,538 $9,975 $0 $9,975
2021 $1,975 $9,975 $0 $9,975
2020 $1,121 $9,975 $0 $9,975
2019 $1,121 $9,975 $0 $9,975
2018 $1,005 $6,615 $0 $6,615
2017 $994 $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

  • Blair Higdon

    Seller's Agent in 2024

    Blair Higdon

    INNOVATE Real Estate

    (843) 455-7427

    12 in this area

    73 Total Sales

    Blair Higdon
    Section Image

  • R

    Buyer's Agent in 2024

    Rick Noble

    Century 21 Barefoot Realty

    (413) 530-2176

    7 in this area

    52 Total Sales

    Rick Noble
    Section Image
  • Ryan Korros

    Seller's Agent in 2022

    Ryan Korros

    RE/MAX

    (843) 455-6580

    96 in this area

    788 Total Sales

    Ryan Korros
    Section Image
  • Darren Woodard Team

    Buyer's Agent in 2022

    Darren Woodard Team

    INNOVATE Real Estate

    (843) 267-4627

    44 in this area

    555 Total Sales

    Darren Woodard Team
    Section Image
  • Dona Lee

    Seller's Agent in 2021

    Dona Lee

    RE/MAX

    (407) 697-5922

    16 in this area

    152 Total Sales

    Dona Lee
    Section Image
See All Agents

Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2401078

Coastal Carolinas Association of REALTORS®

APN: 44314040219

South Carolina Horry County Myrtle Beach 29577 Downtown Myrtle Beach

1605 S Ocean Blvd Unit 511 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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