NOT LISTED FOR SALE

488 W Palms Dr Unit Lot 28 West Palms Dr Myrtle Beach, SC 29579

Pine Island Neighborhood

Estimated Value: $1,679,000 - $1,863,000

5 Beds
4 Baths
3,720 Sq Ft
$473/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $1,697,000 $456 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $11,551/month

53 Days on Market

Highlights

  • Community Boat Slip
  • Property fronts an intracoastal waterway
  • Sitting Area In Primary Bedroom
  • River Oaks Elementary School Rated A
  • Private Pool
  • Clubhouse

About This Home

As of April 2023

Rare opportunity to own a nearly NEW custom built/designed luxury waterfront property with a private dock/boat lift, pool and hot tub in the coveted, gated community of Waterway Palms. Postcard perfect views from three covered porches overlooking the Intercoastal Waterway, with bonus views of the lush greens of Myrtlewood Golf Course in the background. Step through the front door to soaring ceilings and an oversized entry hall with expansive views to the back of the house (open family-kitchen area) and beyond through the french doors leading out to the main level porch. Dine alfresco while soaking in the sunsets – or lounge anytime while enjoying breathtaking views. Cool, warm tones adorn all three levels of this home – accessed from stairs or the custom installed elevator. Tons of natural light throughout. Only the highest quality interior and construction finishes were used. Utility bills reflect the care in high quality insulation and attention to detail in the construction. The primary bedroom suite comes complete with its own covered porch expanding the length of the home, dual walk-in closets, dual water closets/vanities and an oversized, glass framed shower with deluxe fixtures. Additional bedrooms have the added privacy of being en-suites. Among the many other luxury features are: gunite, saltwater pool-hot tub with waterfall, extensive landscape package with irrigation & app control, impact resistant glass throughout home, built-in speakers, deluxe lighting with dimmers, fan controls and 6 locations app controlled, remote controlled window treatments, 3 premium 30-year roof finishes, 2 Rinnai tankless hot water heaters with app control, Security System with 9 Camera exterior monitoring. Three car garage is fully insulated with heating and air, and epoxy covered flooring throughout. Garage also wired with electric car charging station. This community offers its residents a vast amenities package. The very best on the beach - schedule a private showing today with the Listing Agent.

Last Agent to Sell the Property

Kelly Goggin

INNOVATE Real Estate License #130501 Listed on: 01/02/2023

INNOVATE Real Estate

Last Buyer's Agent

AGENT .NON-MLS

ICE Mortgage Technology INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,640

Year Built

  • Built in 2018

Lot Details

  • 10,019 Sq Ft Lot
  • Property fronts an intracoastal waterway
  • Irregular Lot

HOA Fees

  • $118 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Low Country Architecture
  • Slab Foundation
  • Stucco
  • Tile

Interior Spaces

  • 3,720 Sq Ft Home
  • 3-Story Property
  • Tray Ceiling
  • Ceiling Fan
  • Insulated Doors
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Intracoastal Views
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Range Hood
  • <<microwave>>
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Walk-In Closet
  • 4 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only
  • Garden Bath

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • Private Pool
  • Spa

Schools

  • River Oaks Elementary School
  • Ocean Bay Middle School
  • Carolina Forest High School

Utilities

  • Central Heating and Cooling System
  • Propane
  • Water Heater
  • Water Purifier

Additional Features

  • Balcony
  • Outside City Limits

Community Details

Overview

  • Association fees include electric common, pool service, manager, common maint/repair, security, recreation facilities
  • Built by Builder Owner's Primary Residence
  • The community has rules related to allowable golf cart usage in the community
  • Intracoastal Waterway Community

Amenities

  • Clubhouse

Recreation

  • Community Boat Slip
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,640

Year Built

Built in 2018

Lot Details

0

HOA Fees

$118 per month

Parking

8

Listing Details

  • Lot Description: Irregular
  • Four Sided Lot Measurement: 42 x 226 x 42 x 230
  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Clubhouse/Rec/Facilities, Pool - Outdoor Community, Tennis Court, Owner Allowed Motorcycle, Owner Allowed Golf Cart, Private Boat Slip
  • Estimated Year Built: 2018
  • Class: Residential
  • Construction Status: Resale
  • Family Rm Great Rm: Ceiling Fan, Fireplace
  • Floor Cover: Tile
  • HOA Fee Frequency: Quarterly
  • Great Family Room: 30 x 17
  • Heating And Cooling: Central Heat, Central Air, Propane
  • Monthly HOA as Calculated: 118
  • HOA Management Company: Waccamaw 843-903-9551
  • Living Room Type: Fireplace, Ceiling Fan, Tray Ceiling
  • Lvt Date: 01/02/2023
  • Sold Total Heated Sq Ft: 3720
  • Sold Total Sq Ft: 5866
  • Style: Low Country
  • Type Of Parking: Attached 3-Car
  • Vehicle Parking Capacity: 8
  • Total Heated Sq Ft: 3720
  • Geo Subdivision: SC
  • Section Subdivision: Waterway Palms Plantation
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2018

Interior Features

  • Dining Room: 11 x 13
  • Interior Amenities: Water Purifier, Security System, Smoke Detector, Elevator-Interior
  • Master Bedroom: 17 x 17
  • Other Rooms: Den/Study/Library, Foyer, Laundry/Utility
  • Primary Bathroom: Double Sink, Garden Tub, Shower
  • Kitchen Type: Dishwasher, Garbage Disposal, Microwave, Breakfast Bar, Range Hood, Stainless Steel Apps., Solid Surface Countertops
  • Master Bedroom Type: Ceiling Fan, Walk-In Closet, Sitting Area
  • Bedrooms: 5
  • Dining Room Type: Formal
  • Formal Dining: Yes
  • Full Bathrooms: 4
  • Levels: Three Or More
  • Total Sq Ft: 5866

Exterior Features

  • Exterior Features: Balcony, Lawn Sprinkler, Pool-Outdoor Private, Spa/Hot Tub, Insulated Doors/Windows
  • Exterior Finish: Stucco
  • Foundation: Slab
  • Number Of Acres: 0.23

Garage/Parking

  • Type: Detached

Utilities

  • Water Heater: Electric
  • Utilities Available: Electricity, Water Public

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Pool Service, Manager, Common Maint/Repair, Security, Recreation Facilities

Schools

  • Elementary School: River Oaks Elementary
  • Middle School: Ocean Bay Middle School
  • High School: Carolina Forest High School

Lot Info

  • Lot Location: On Icw, Outside City Limits, In Icw Community, Icw View
  • Zoning: res

MLS Schools

  • Elementary School: River Oaks Elementary
  • HighSchool: Carolina Forest High School
  • Middle School: Ocean Bay Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2024
Sold by
Davenport Alan K
Bought by
Whitt Mark J Tr and Whitt Alicia L Tr
Current Estimated Value
$1,758,637

Purchase Details

Listed on
Jan 2, 2023
Closed on
Apr 14, 2023
Sold by
Gross Jeffrey M
Bought by
Davenport Alan K and Chu Kayla T
Seller's Agent
Kelly Goggin
INNOVATE Real Estate
Buyer's Agent
AGENT .NON-MLS
ICE Mortgage Technology INC
List Price
$1,697,000
Sold Price
$1,697,000
Views
174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.61%

Purchase Details

Closed on
Oct 27, 2016
Sold by
Buxani Kamal K
Bought by
Minshew Tony L

Purchase Details

Closed on
Aug 30, 2013
Sold by
Italiano Tara Gemza
Bought by
Buxani Kamal Kishin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,250
Interest Rate
4.37%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 21, 2010
Sold by
Gemza Robert J
Bought by
Italiano Tara Gemza

Purchase Details

Closed on
Nov 15, 2004
Sold by
South Carolina Coastal Development Inc
Bought by
Gemza Robert J and Gemza Janet A
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
Whitt Mark J Tr $1,800,000 --
Davenport Alan K $1,697,000 --
Minshew Tony L $145,000 --
Buxani Kamal Kishin $91,000 --
Italiano Tara Gemza -- --
Gemza Robert J $274,880 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Minshew Tony Lee $637,380
Previous Owner Minshew Tony Lee $650,000
Previous Owner Minshew Tony Lee $600,000
Previous Owner Buxani Kamal Kishin $68,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $1,697,000 0.0% $456 / Sq Ft
01/02/2023 01/02/23 For Sale $1,697,000 -- $456 / 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 $20,640 $29,417 $6,433 $22,984
2023 $20,640 $29,417 $6,433 $22,984
2021 $2,873 $29,417 $6,433 $22,984
2020 $2,604 $29,417 $6,433 $22,984
2019 $2,569 $29,417 $6,433 $22,984
2018 $0 $8,702 $8,702 $0
2017 $1,856 $8,702 $8,702 $0
2016 $0 $5,414 $5,414 $0
2015 -- $5,414 $5,414 $0
2014 $1,118 $5,414 $5,414 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2300049

Coastal Carolinas Association of REALTORS®

APN: 42007030004