NOT LISTED FOR SALE

2500 N Ocean Blvd Unit 1002 Myrtle Beach, SC 29577

Downtown Myrtle Beach Neighborhood

Estimated Value: $367,000 - $500,000

3 Beds
2 Baths
1,248 Sq Ft
$1,120/mo HOA Fee

Last Sold March 26, 2024

Last sale price $510,000 $409 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $3,836/month

108 Days on Market

Highlights

  • Ocean Front
  • Central Heating and Cooling System
  • High-Rise Condominium
  • Furnished

About This Home

As of March 2024

Welcome to 2500 N Ocean Blvd, this gorgeous oceanfront condo has endless views of the Atlantic Ocean. This 3 bedroom, 2 bathroom condo at The Palms in Myrtle Beach has endless upgrades. As your enter the 10th floor oceanfront condo you are welcomed by LVP and tile flooring throughout all the rooms and bathroom. The first bedroom welcomes 2 twin beds. As you walk through the condo the 2nd bedroom has its own private balcony with views of the ocean. As you enter the kitchen you are welcomed by granite countertops, views over the breakfast bar of the ocean and custom cabinets. Washer/dryer area was designed in the living room to give more cabinet space. As you pass through the kitchen you will notice the large living room space and dining room area. Enjoy your morning coffer or nightly beverage with two more oceanfront balconies to choose from, both leading off of the living. You will be amazed by the large master suite with a private bathroom, and with its own private balcony with brand new Adirondack furniture set. The Palms resort offers many great amenities for you and your guest to choose from; Large indoor pool, indoor kiddie pool, hot tubs, exercise room, outdoor pool, private lounge area with lawn chairs, a spa and so much more! INVESTORS DREAM - looking for a great investment, second home or vacation home!!! LOCATION, LOCATION walking distances to shops, top named restaurants, the boardwalk, largest ferris wheel on the East Coast, Broadway at the Beach, Convention center, many golf courses, and so much more!! Do not wait, book your showing today!

Last Agent to Sell the Property

Sherman Beach Group

Rowles Real Estate Listed on: 10/22/2023

Co-Listed By

Lane Sherman

Rowles Real Estate License #117322

Last Buyer's Agent

Christopher Small

CENTURY 21 Broadhurst License #123120

CENTURY 21 Broadhurst

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,949

Year Built

  • Built in 1985

Lot Details

  • Ocean Front

HOA Fees

  • $1,120 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Entry on the 10th floor
  • Steel Siding

Interior Spaces

  • 1,248 Sq Ft Home
  • Furnished

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Central Heating and Cooling System
  • Water Heater

Community Details

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,949

Year Built

Built in 1985

Lot Details

0

HOA Fees

$1,120 per month

Listing Details

  • Unit Location: Oceanfront-Unit
  • Amenities Available: Short Term Rental Allowed, Long Term Rental Allowed
  • Estimated Year Built: 1985
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Air, Central Heat
  • Monthly HOA as Calculated: 1120
  • HOA Management Company: Pinnacle 843-449-8103
  • Lvt Date: 10/22/2023
  • Sold Total Heated Sq Ft: 1248
  • Sold Total Sq Ft: 1450
  • Total Heated Sq Ft: 1248
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building
  • Gross Annual Rental Incom: 2023 NET $66,507
  • HOA Fees include insurance: Yes
  • Project Section Code: Palms, The
  • Which Floor: 10
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1985

Interior Features

  • Furnished: Yes
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Total Sq Ft: 1450

Exterior Features

  • Exterior Finish: Concrete/Steel

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Insurance, Manager, Rec. Facilities, Common Maint/Repair, Internet Access, Pest Control

Schools

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

Lot Info

  • Zoning: multi

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
Oct 22, 2023
Closed on
Mar 27, 2024
Sold by
Parson Scott A
Bought by
Peck Sean Michael and Peck Heather Adair
Seller's Agent
Sherman Beach Group
Rowles Real Estate
Buyer's Agent
Christopher Small
CENTURY 21 Broadhurst
List Price
$549,999
Sold Price
$510,000
Premium/Discount to List
-$39,999
-7.27%
Views
97
Current Estimated Value
$439,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$70,659
Avg. Annual Appreciation
-9.01%
Original Mortgage
$382,500
Outstanding Balance
$376,807
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$62,535

Purchase Details

Closed on
Sep 24, 2021
Sold by
Ferguson Charles H
Bought by
Parson Scott A and Parson Deborah Lynn

Purchase Details

Closed on
Sep 7, 2004
Sold by
Winters Charles A and Winters Elizabeth
Bought by
Ferguson Charles H and Ferguson Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
5.78%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 18, 2004
Sold by
Armani Mehran Ahmadi
Bought by
Winters Charles A and Winters Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,300
Interest Rate
6.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 29, 2003
Sold by
Lanham Urita K
Bought by
Ahmadi Armani Mehran

Purchase Details

Closed on
Jun 3, 1998
Sold by
Lanham Urita K
Bought by
Lanham Urita K
Source: Public Records

Range of Values:

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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
Peck Sean Michael $510,000 --
Parson Scott A $298,000 --
Ferguson Charles H $270,000 --
Winters Charles A $234,000 --
Ahmadi Armani Mehran $179,500 --
Lanham Urita K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peck Sean Michael $382,500
Previous Owner Ferguson Charles H $243,000
Previous Owner Winters Charles A $222,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2024 03/26/24 Sold $510,000 -2.8% $409 / Sq Ft
01/30/2024 01/30/24 Price Changed $524,500 -2.7% $420 / Sq Ft
12/12/2023 12/12/23 Price Changed $539,000 -2.0% $432 / Sq Ft
10/22/2023 10/22/23 For Sale $549,999 -- $441 / 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 $4,949 $31,134 $0 $31,134
2023 $4,949 $23,100 $0 $23,100
2021 $4,566 $23,100 $0 $23,100
2020 $2,631 $23,100 $0 $23,100
2019 $2,631 $23,100 $0 $23,100
2018 $0 $15,540 $0 $15,540
2017 $2,335 $8,880 $0 $8,880
2016 -- $8,880 $0 $8,880
2015 $2,309 $15,540 $0 $15,540
2014 $2,245 $8,880 $0 $8,880
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Sherman Beach Group

    Rowles Real Estate

    (717) 778-1554

    8 in this area

    224 Total Sales

    Sherman Beach Group
    Section Image
  • Lane Sherman

    Seller Co-Listing Agent in 2024

    Lane Sherman

    Rowles Real Estate

    (717) 778-1554

    11 in this area

    119 Total Sales

    Lane Sherman
    Section Image
  • Christopher Small

    Buyer's Agent in 2024

    Christopher Small

    CENTURY 21 Broadhurst

    (843) 997-8000

    3 in this area

    68 Total Sales

    Christopher Small
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2321446

Coastal Carolinas Association of REALTORS®

APN: 42411040142

South Carolina Horry County Myrtle Beach 29577 Downtown Myrtle Beach

2500 N Ocean Blvd Unit 1002, Myrtle Beach, SC

This home is located at 2500 N Ocean Blvd Unit 1002, Myrtle Beach, SC 29577 since 22 October 2023 and is currently estimated at $439,341, approximately $352 per square foot. This property was built in 1985. 2500 N Ocean Blvd Unit 1002 is a home located in Horry County with nearby schools including Myrtle Beach Child Development Center, Myrtle Beach Primary School, and Myrtle Beach Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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