488 W Palms Dr Unit Waterway Palms - Lot Myrtle Beach, SC 29579
Pine Island Neighborhood
5
Beds
4
Baths
4,714
Sq Ft
10,019
Sq Ft Lot
Highlights
- Boat Ramp
- Property fronts an intracoastal waterway
- Gated Community
- River Oaks Elementary School Rated A
- Private Pool
- Clubhouse
About This Home
As of August 2024Overlooking the picturesque Intracoastal Waterway (ICW) stretching from Maine to Miami and accompanying Myrtlewood Golf Club serve as the perfect backdrop for this stunning 5-bedroom, 4-bathroom custom built residence encompassing over 5,000 sqft located just inside the private gated community of Waterway Palms Plantation. Situated minutes from the areas best beaches and schools this meticulously maintained home highlights are not readily identifiable including the 2x6 exterior wall construction with closed cell foam insulation providing utility efficiency, all impact-resistance glass windows, synthetic stucco with extensive weeping system, and all stainless-steel fasteners for longevity. These strong foundational elements accentuate a professionally decorated opulent contemporary interior that features; ceramic wood tile floors with molding and trim spanning the entire property, soft close custom cabinets, high-end lighting fixtures, linear gas fireplace, seamless glass tile shower enclosures with top of line plumbing fixtures, gourmet kitchen with marble backsplash, custom audio and video packages including the televisions, 3 stop elevator, and a climate-controlled garage just to name a few. Completing the home are skillfully crafted grounds that accent the large gunite heated salt water pool and hot tub encased with a travertine pool deck and meandering paver walking path that leads to the private dock and 10,000-pound boat lift. Inside the confines of Waterway Palms Plantation, the community offers an array of quality-of-life amenities including large resort style pool areas, clubhouse, gym, tennis courts, playground, boat ramp, boat & RV storage area, and regularly planned social events. For a full list of upgrades and options or to schedule your private viewing call me or your realtor today.
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
- Rectangular Lot
- Property is zoned PDD
HOA Fees
- $136 Monthly HOA Fees
Parking
- Garage
- Tuck Under Parking
- Garage Door Opener
Home Design
- Stilt Home
- Raised Foundation
- Wood Frame Construction
- Masonry Siding
- Stucco
- Tile
Interior Spaces
- 4,714 Sq Ft Home
- 3-Story Property
- Paneling
- Tray Ceiling
- Ceiling Fan
- Window Treatments
- Entrance Foyer
- Formal Dining Room
- Den
- Recreation Room
- Luxury Vinyl Tile Flooring
Kitchen
- Breakfast Bar
- Range with Range Hood
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Solid Surface Countertops
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- Main Floor Bedroom
- Linen Closet
- Walk-In Closet
- Bathroom on Main Level
- 4 Full Bathrooms
- Single Vanity
- Dual Vanity Sinks in Primary Bathroom
- Soaking Tub and Shower Combination in Primary Bathroom
Laundry
- Laundry Room
- Washer and Dryer
Home Security
- Home Security System
- Fire and Smoke Detector
Accessible Home Design
- Handicap Accessible
Pool
- Private Pool
- Spa
Outdoor Features
- Boat Ramp
- Front Porch
Schools
- River Oaks Elementary School
- Ocean Bay Middle School
- Carolina Forest High School
Utilities
- Central Air
- Underground Utilities
- Tankless Water Heater
- Phone Available
- Cable TV Available
Community Details
Overview
- Association fees include electric common, manager, security, recreation facilities, legal and accounting
- The community has rules related to allowable golf cart usage in the community
Recreation
- Boat Ramp
- Boat Dock
- Tennis Courts
- Community Pool
Additional Features
- Clubhouse
- Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 7, 2024
Closed on
Aug 19, 2024
Sold by
Davenport Alan K
Bought by
Whitt Mark J Tr and Whitt Alicia L Tr
Seller's Agent
Miles Servant
Surfside Realty Co Inc
Buyer's Agent
Nick Paolozzi
ICE Mortgage Technology INC
List Price
$1,950,000
Sold Price
$1,800,000
Premium/Discount to List
-$150,000
-7.69%
Total Days on Market
61
Views
72
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,942
Avg. Annual Appreciation
-1.58%
Purchase Details
Closed on
Apr 14, 2023
Sold by
Gross Jeffrey M
Bought by
Davenport Alan K and Chu Kayla T
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
Map
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Similar Homes in Myrtle Beach, SC
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,800,000 | -- | |
| Warranty Deed | $1,697,000 | -- | |
| Warranty Deed | $145,000 | -- | |
| Deed | $91,000 | -- | |
| Deed | -- | -- | |
| Warranty Deed | $274,880 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $637,380 | New Conventional | |
| Previous Owner | $650,000 | New Conventional | |
| Previous Owner | $600,000 | New Conventional | |
| Previous Owner | $68,250 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2024 08/20/24 | Sold | $1,800,000 | -7.7% | $382 / Sq Ft |
| 05/07/2024 05/07/24 | For Sale | $1,950,000 | -- | $414 / Sq Ft |
Source: Coastal Carolinas Association of REALTORS®
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
Source: Coastal Carolinas Association of REALTORS®
MLS Number: 2411215
APN: 42007030004
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.
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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