$102,000
SOLD MAR 4, 2025
1 Bed
1 Bath
350 Sq Ft
$774/mo HOA Fee

Recently Sold

$291 Per Sq Ft

15% Below List Price

89 Days on Market

Highlights

  • Ocean Front
  • Furnished
  • Elevator
  • Private Pool
  • Lawn
  • Balcony

About This Home

As of March 2025

Spectacular Oceanfront Investment Opportunity at Compass Cove’s Schooner Building: Discover a unique blend of vacation enjoyment and smart investment with this second-floor oceanfront condotel at Compass Cove’s renowned Schooner Building. Ideally positioned on Myrtle Beach’s Ocean Boulevard, this unit captures the essence of coastal living while providing easy access to the area’s best dining, shopping, and entertainment—making it a top choice for renters seeking a memorable stay. Compass Cove Resort is beloved for its many amenities and welcoming atmosphere, featuring over 530 fully furnished condos and an impressive selection of twenty-three water attractions, including six indoor and outdoor pools, three lazy rivers, seven hot tubs, and a variety of kiddie pools. Families, couples, and friends alike flock to Compass Cove for the endless options, relaxing setting, and convenience of oceanfront accommodations. This unit offers the added benefit of a dedicated management team that ensures your investment remains low-maintenance, handling all rental operations, guest services, and upkeep. With high rental demand thanks to Compass Cove’s location and amenities, this condotel is not only a great addition to an investment portfolio but also a personal getaway that’s always ready for you. Enjoy the coastal lifestyle while benefiting from a steady income stream—an ideal choice for any real estate investor!

Last Agent to Sell the Property

Hampton Roberts

CB Sea Coast Advantage PI License #125156 Listed on: 11/14/2024

Co-Listed By

Mariah Johnson

CB Sea Coast Advantage PI License #24633

Last Buyer's Agent

michele Blase

North Beach Realty License #51741

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1972

Lot Details

  • Ocean Front
  • Fenced
  • Lawn

HOA Fees

  • $774 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Entry on the 2nd floor
  • Slab Foundation
  • Steel Siding
  • Tile

Interior Spaces

  • 350 Sq Ft Home
  • Furnished
  • Window Treatments
  • Carpet
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Private Pool

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • High Speed Internet
  • 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, rec. facilities, legal and accounting, primary antenna/cable TV, common maint/repair, electric in unit, telephone service in unit, internet access, pest control
  • High-Rise Condominium
  • The community has rules related to fencing

Recreation

Pet Policy

  • Only Owners Allowed Pets

Additional Features

  • Elevator
  • Security
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 1972

Lot Details

0

HOA Fees

$774 per month

Listing Details

  • Unit Location: Oceanfront-Unit, Oceanview-Unit
  • Amenities Available: Pool-Outdoor Community, Restrictions, Security, Seller Disclosure, Owner Allowed Pet, Home Owners Assn Fee, Short Term Rental Allowed, Cable Tv, Internet Access, Lawn Maintenance, Lazy River, Pool-Indoor Community
  • Estimated Year Built: 1972
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Carpeting, Tile
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Window/Wall Unit
  • Monthly HOA as Calculated: 774
  • HOA Management Company: Ally Mgt 843-497-3555
  • Lvt Date: 11/14/2024
  • Total Heated Sq Ft: 350
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanview-Building, Inside City Limits, East Of Bus 17
  • Exterior Unit Features: Balcony, Fencing, Pool-Outdoor Private, Elevator-Exterior, Pool-Indoor Private, Pool - In Ground
  • HOA Fees include insurance: Yes
  • HOA Fees include insurance: Yes
  • Project Section Code: Schooner At Compass Cove - Mb South
  • Rental Mgmt Contract: Yes
  • Which Floor: 02
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1972

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey, Fire Sprinkler
  • Kitchen Type: Refrigerator, Microwave
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Levels: Single Level
  • Total Sq Ft: 416
  • Bathroom Features:Shared Primary Bath: Vanity, Tub/Shower Combo

Exterior Features

  • Exterior Finish: Concrete/Steel
  • Foundation: Slab

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

  • 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, Security, Rec. Facilities, Legal And Accounting, Primary Antenna/Cable Tv, Common Maint/Repair, Electric In Unit, Telephone Service In Unit, 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

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2025 03/04/25 Sold $102,000 -15.0% $291 / Sq Ft
11/14/2024 11/14/24 For Sale $120,000 -- $343 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2426240

Coastal Carolinas Association of REALTORS®