NOT LISTED FOR SALE

175 Summerlight Dr Unit Lot 51 - Palm Bay of Murrells Inlet, SC 29576

Estimated Value: $564,000 - $574,000

1 Acre
$570,204 Price per Acre
43,560 Sq Ft Lot

Last Sold October 20, 2016

Last sale price $51,000

Est. 1,018% increase in value since last sale

Current estimated payment $3,330/month

78 Days on Market

Highlights

  • Golf Course Community
  • Lake On Lot
  • Clubhouse
  • Waccamaw Elementary School Rated A-
  • Gated Community
  • Pond

About This Lot

As of October 2016

BEAUTIFUL LAKEFRONT LOT IN PALM BAY. NO TIME FRAME TO BUILD THE HOME OF YOUR DREAMS AND YOU CAN CHOOSE YOUR OWN BUILDER. NOT MANY OF THESE LAKEFRONTS LEFT. PALM BAY IS A GATED COMMUNITY IN THE POPULAR PRINCE CREEK DEVELOPMENT IN MURRELLS INLET. THE AMENITIES ARE ENDLESS INCLUDING TWO POOLS, CLUB HOUSE, TENNIS COURTS, VOLLEYBALL, BASKETBALL COURTS, WALKING/BIKE TRAILS, PLAYGROUND, OUTDOOR PAVILION AND ACCESS TO CHAMPIONSHIP GOLF. CLOSE TO BEAUTIFUL BEACHES, THE AREAS FINEST RESTAURANTS, MURRELLS INLET MARSH WALK, HOSPITAL AND NIGHTLIFE.

Last Agent to Sell the Property

The Collins Team

Realty ONE Group Dockside License #88961 Listed on: 07/14/2016

Realty ONE Group Dockside

Co-Listed By

Brittany Collins

Realty ONE Group DocksideNorth License #91985

Last Buyer's Agent

Shane Bowen

The Litchfield Company Real Estate-PrinceCrk License #104944

The Litchfield Company Real Estate-PrinceCrk

Property Details

Property Type

  • Land

Lot Details

  • 1 Acre Lot
  • Rectangular Lot

HOA Fees

  • $128 Monthly HOA Fees

Location

  • Outside City Limits

Schools

  • Waccamaw Elementary School
  • Waccamaw Middle School
  • Waccamaw High School

Community Details

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Pond
  • Lake On Lot

Additional Features

  • Clubhouse
  • Security
  • Gated Community

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$128 per month

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 70 x 120 x 70 x 120
  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Clubhouse/Rec/Facilities, Pool-Outdoor Community, Tennis Court, Security, Gated Community
  • Class: Land
  • HOA Fee Frequency: Monthly
  • HOA Management Company: Gold Crown 843-455-6007
  • Lvt Date: 07/14/2016
  • Previous Tax Mapnumber: 41-0133B-051-00-00
  • Additional Information: Pond(s)
  • Estimated Lot Size: Less Than 1/2 Acre
  • Monthly HOA Calculated: 128
  • Number Of Lots: 1
  • Residence: Land Only
  • Road Access: Private Only
  • Road Surface: Blacktop
  • Utilities To Site: Electricity, Gas, Sewer, Utilities, Water
  • Geo Subdivision: SC
  • Section Subdivision: Palm Bay of Prince Creek
  • Special Features: None
  • Property Sub Type: LotsLands

Garage/Parking

  • Type: Residential Lot

Utilities

  • Sewer: Public
  • Water: Public

Lot Info

  • Lot Location: Outside City Limits, On Lake/Pond, In Golf Course Community
  • Zoning: Res

MLS Schools

  • Elementary School: Waccamaw Elementary School
  • HighSchool: Waccamaw High School
  • Middle School: Waccamaw Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2025
Sold by
Walters Thomas Eugene and Walters Kendra Kay
Bought by
Reale Matthew C
Current Estimated Value
$570,204

Purchase Details

Closed on
Dec 6, 2022
Sold by
Flynn James M
Bought by
Walters Thomas Eugene and Walters Kendra Kay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.95%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 7, 2017
Sold by
Port City Homes Llp
Bought by
Flynn James M and Flynn Marie L

Purchase Details

Listed on
Jul 14, 2016
Closed on
Oct 20, 2016
Sold by
Malatras Steven M and Malatras Judy G
Bought by
Port City Homes Llp
Seller's Agent
The Collins Team
Realty ONE Group Dockside
Buyer's Agent
Shane Bowen
The Litchfield Company Real Estate-PrinceCrk
List Price
$55,000
Sold Price
$51,000
Premium/Discount to List
-$4,000
-7.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.08%

Purchase Details

Closed on
Jun 22, 2006
Sold by
Sunbelt Land Group Llc
Bought by
Malatras Steven M and Malatras Judy G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Reale Matthew C $572,000 None Listed On Document
Reale Matthew C $572,000 None Listed On Document
Walters Thomas Eugene $525,000 --
Walters Thomas Eugene $525,000 --
Flynn James M $332,000 None Available
Flynn James M $332,000 None Available
Port City Homes Llp $51,000 --
Port City Homes Llp $51,000 --
Malatras Steven M $99,900 None Available
Malatras Steven M $99,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walters Thomas Eugene $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2016 10/20/16 Sold $51,000 -7.3% --
09/30/2016 09/30/16 Pending -- -- --
07/14/2016 07/14/16 For Sale $55,000 -- --
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 $2,462 $19,130 $4,400 $14,730
2023 $2,462 $28,700 $6,600 $22,100
2022 $1,396 $13,340 $3,220 $10,120
2021 $1,353 $13,344 $3,220 $10,124
2020 $1,350 $13,344 $3,220 $10,124
2019 $1,332 $13,260 $2,000 $11,260
2018 $1,566 $130,280 $0 $0
2017 $441 $42,120 $0 $0
2016 $1,011 $4,800 $0 $0
2015 $1,008 $0 $0 $0
2014 -- $80,000 $80,000 $0
2012 -- $80,000 $80,000 $0
Source: Public Records

Agents Affiliated with this Home

  • The Collins Team

    Seller's Agent in 2016

    The Collins Team

    Realty ONE Group Dockside

    (843) 602-6200

    231 Total Sales

    The Collins Team
    Section Image
  • Brittany Collins

    Seller Co-Listing Agent in 2016

    Brittany Collins

    Realty ONE Group DocksideNorth

    (843) 360-1488

    81 Total Sales

    Brittany Collins
    Section Image
  • Shane Bowen

    Buyer's Agent in 2016

    Shane Bowen

    The Litchfield Company Real Estate-PrinceCrk

    (843) 655-7918

    56 Total Sales

    Shane Bowen
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1614439

Coastal Carolinas Association of REALTORS®

APN: 41-0133B-051-00-00

South Carolina Georgetown County Murrells Inlet 29576

175 Summerlight Dr Unit Lot 51 - Palm Bay of, Murrells Inlet, SC

Not Listed for Sale

Lots

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