NOT LISTED FOR SALE

Estimated Value: $3,066,000 - $3,407,000

8 Beds
8.5 Baths
5,436 Sq Ft
$586/Sq Ft Est. Value

Last Sold May 08, 2024

Last sale price $3,375,000 $621 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $18,812/month

40 Days on Market

Highlights

  • Ocean Front
  • Primary bedroom faces the ocean
  • Private Pool
  • Waccamaw Elementary School Rated A-
  • Private Beach
  • Sitting Area In Primary Bedroom

About This Home

As of May 2024

Welcome to your luxurious investment opportunity in the heart of Murrells Inlet, SC! This stunning oceanfront property, known as "Caesar's Palace", offers the perfect blend of elegance, comfort, proximity, tranquility, and profitability, making it an exceptional addition to any investment portfolio. Situated in a prestigious 24/7 gated community, this expansive 8-bedroom, 8.5-bathroom home boasts unparalleled views of the sparkling Atlantic Ocean. Step inside to discover a meticulously designed interior featuring spacious living areas, high-end finishes, and an abundance of natural light. The gourmet kitchen is a chef's dream, equipped with top-of-the-line appliances, granite countertops, and a stylish breakfast bar. The open-concept layout seamlessly transitions into the dining and living areas, creating the ideal space for entertaining guests or relaxing with family and friends. Outdoor living is elevated to new heights with a private in-ground pool and spillover spa, perfect for cooling off on hot summer days or enjoying crisp, cool nights. An outdoor kitchen, complete with a grill and bar area, are ideal for entertaining while taking in the breathtaking ocean views. This investment property is a lucrative opportunity, with exceptional occupancy. Whether you're looking for a vacation rental property or a long-term investment, this home offers the potential for substantial returns. Additional features include an elevator for convenient access to all levels of the home, ensuring accessibility for all guests and a loft area presently serving as a game room. With its prime location, luxurious amenities, and impressive earning potential, this oceanfront investment property is a rare find that won't last long. Don't miss out on the opportunity to own a piece of paradise in Murrells Inlet, SC. Schedule your private showing today and discover the endless possibilities awaiting you at this remarkable investment property. All measurements are approximate and should be verified by buyer.

Last Agent to Sell the Property

Grand Strand Sal Group

TheGrandStrandSalesGroupEXP Listed on: 02/26/2024

TheGrandStrandSalesGroupEXP

Co-Listed By

Kayla Watts

TheGrandStrandSalesGroupEXP License #132501

Last Buyer's Agent

Mike Green

Coastal Vision Properties LLC License #53781

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,753

Year Built

  • Built in 2005

Lot Details

  • 0.49 Acre Lot
  • Ocean Front
  • Private Beach
  • Fenced

HOA Fees

  • $263 Monthly HOA Fees

Parking

  • Tuck Under Parking

Home Design

  • Stilt Home
  • Bi-Level Home
  • Raised Foundation
  • Wallpaper
  • Siding
  • Tile

Interior Spaces

  • 5,436 Sq Ft Home
  • Wet Bar
  • Furnished
  • Ceiling Fan
  • Formal Dining Room
  • Loft
  • Luxury Vinyl Tile Flooring

Kitchen

  • Breakfast Bar
  • Range with Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary bedroom faces the ocean
  • Sitting Area In Primary Bedroom
  • Walk-In Closet
  • Single Vanity
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Shower Only

Laundry

  • Laundry Room
  • Washer and Dryer

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Balcony
  • Built-In Barbecue
  • Front Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Water Heater

Community Details

Overview

  • The community has rules related to fencing, allowable golf cart usage in the community

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,753

Year Built

Built in 2005

Lot Details

0

HOA Fees

$263 per month

Parking

8

Listing Details

  • Amenities Available: Seller Disclosure, Gated Community, Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Golf Cart, Tenant Allowed Golf Cart, Private Beach Comm Access
  • Estimated Year Built: 2005
  • Class: Residential
  • Construction Status: Resale
  • Family Rm Great Rm: Wet Bar, Ceiling Fan
  • Floor Cover: Tile, Luxury Vinyl Plank/Tile
  • HOA Fee Frequency: Annually
  • Heating And Cooling: Central Heat, Central Air, Electric
  • Monthly HOA as Calculated: 263
  • HOA Management Company: Surfside Beach 843-238-4900
  • Lvt Date: 02/26/2024
  • Sold Total Heated Sq Ft: 5436
  • Sold Total Sq Ft: 9692
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 8
  • Total Heated Sq Ft: 5436
  • Geo Subdivision: SC
  • Ground Floor Heated Sq Ft: 2784
  • Section Subdivision: Inlet Harbour
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2005

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wshr/Dryer Connection, Washer/Dryer, Furnished, Elevator-Interior, Elevator Shaft-Interior
  • Other Rooms: Laundry/Utility, Loft
  • Primary Bathroom: Double Sink, Shower, Vanity, Wallpaper/Covering, Whirlpool Tub
  • Kitchen Type: Range, Work Island, Dishwasher, Garbage Disposal, Refrigerator, Microwave, Breakfast Bar, Freezer, Range Hood, Stainless Steel Apps.
  • Master Bedroom Type: Ceiling Fan, Walk-In Closet, Sitting Area, Oceanfront Master Bedroom
  • Bedrooms: 8
  • Dining Room Type: Formal, Kit/Dr Combo
  • Formal Dining: Yes
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Levels: Two-Story
  • Total Sq Ft: 9692

Exterior Features

  • Exterior Features: Balcony, Front Porch, Rear Porch, Fencing, Pool-Outdoor Private, Spa/Hot Tub, Built-In Bbq, Elevator Shaft-Exterior, Pool-In Ground, Outdoor Kitchen
  • Exterior Finish: Siding
  • Foundation: Raised Beach
  • Number Of Acres: 0.49

Garage/Parking

  • Type: Detached

Utilities

  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Location: Oceanfront Lot
  • 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

Listed on
Feb 26, 2024
Closed on
May 9, 2024
Sold by
Gira Jennifer and Gira John
Bought by
Luce Marlon W and Luce Sheryl L
Seller's Agent
Grand Strand Sal Group
TheGrandStrandSalesGroupEXP
Buyer's Agent
Mike Green
Coastal Vision Properties LLC
List Price
$3,695,000
Sold Price
$3,375,000
Premium/Discount to List
-$320,000
-8.66%
Views
96
Current Estimated Value
$3,188,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$186,886
Avg. Annual Appreciation
-3.99%

Purchase Details

Closed on
Mar 11, 2019
Sold by
Gira John D and Gira Jennifer
Bought by
Gira Jennifer and Gira John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 7, 2019
Sold by
Micolucci Michael and Micolucci Angela
Bought by
Gira John D and Gira Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 27, 2014
Sold by
Gmn Llc
Bought by
Micolucci Angela and Micolucci Michael

Purchase Details

Closed on
Feb 16, 2011
Sold by
Sls 2103 S Waccamaw Dr Llc
Bought by
Gmn Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
4.71%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 21, 2003
Sold by
Scalise Development Inc
Bought by
Sls 2103 S Waccamaw Dr Llc

Purchase Details

Closed on
Jun 23, 2003
Sold by
Pitts Mary A
Bought by
Scalise Development Inc
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
Luce Marlon W $3,375,000 None Listed On Document
Gira Jennifer -- None Available
Gira John D $1,150,000 None Available
Micolucci Angela -- --
Gmn Llc $1,500,000 --
Sls 2103 S Waccamaw Dr Llc $1,183,250 --
Scalise Development Inc $1,176,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gira John D $920,000
Previous Owner Gmn Llc $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2024 05/08/24 Sold $3,375,000 -2.2% $621 / Sq Ft
03/29/2024 03/29/24 Price Changed $3,450,000 -1.4% $635 / Sq Ft
03/19/2024 03/19/24 Price Changed $3,500,000 0.0% $644 / Sq Ft
03/17/2024 03/17/24 Price Changed $3,500,000 -5.3% $644 / Sq Ft
02/26/2024 02/26/24 For Sale $3,695,000 -- $680 / 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 $19,753 $74,150 $42,000 $32,150
2023 $19,753 $93,270 $42,000 $51,270
2022 $17,980 $76,520 $42,000 $34,520
2021 $16,884 $0 $0 $0
2020 $16,862 $0 $0 $0
2019 $19,819 $0 $0 $0
2018 $19,943 $0 $0 $0
2017 $18,535 $99,972 $0 $0
2016 $21,064 $99,972 $0 $0
2015 $19,560 $0 $0 $0
2014 $19,560 $1,666,200 $1,000,000 $666,200
2012 -- $1,666,200 $1,000,000 $666,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2404839

Coastal Carolinas Association of REALTORS®

APN: 41-0131-036-00-00