$2,000,000
$200K PRICE DROP

Estimated payment $11,746/month

Total Views 4,378
5 Beds
5 Baths
4,042 Sq Ft
$495 Price per Sq Ft

Highlights

  • Very Popular Property
  • Boat Ramp
  • Private Pool
  • River Oaks Elementary School Rated A
  • Property fronts an intracoastal waterway
  • Lake On Lot

About This Home

Experience the pinnacle of luxury waterfront living in this spectacular 5-bedroom, 5-bath custom-built home located in the highly desirable Carolina Forest area of Myrtle Beach, within the prestigious gated community of Waterway Palms Plantation. Perfectly situated directly on the Intracoastal Waterway, this rare opportunity offers an unmatched coastal lifestyle. Step right out your back door onto your private boat dock with lift and cruise to local waterfront restaurants, enjoy boating, fishing, or take in breathtaking sunset views from the comfort of your own backyard. This exquisite Myrtle Beach luxury home showcases thoughtful design, high-end craftsmanship, and premium finishes throughout. Featuring luxury vinyl plank flooring throughout the entire home, this residence is both elegant and durable. Multiple verandas, balconies, and a large covered porch provide stunning panoramic views of the Intracoastal Waterway and nearby golf course—ideal for entertaining or unwinding in privacy. The spacious interior includes rare quartz countertops, custom cabinetry, gas appliances, and a beautifully appointed butler’s pantry for added convenience and style. The open-concept kitchen flows seamlessly into living and dining areas, creating the perfect setting for gatherings. A mother-in-law suite with its own kitchenette and private laundry room provides flexible options for multi-generational living or guest accommodations. Each of the five bedrooms includes a private en-suite bathroom and walk-in closet, while the luxurious primary suite on the top level features two oversized his-and-hers walk-in closets and a private balcony overlooking the water. Additional highlights include two full laundry rooms, a deep 2-car garage with ample space for golf cart storage, and a residential elevator servicing all levels. Outside, the fenced backyard features a sparkling saltwater pool, a fully equipped summer kitchen, and space designed for outdoor entertaining in true resort style. Located in one of the most sought-after waterfront communities in Myrtle Beach, Waterway Palms Plantation offers top-tier amenities including a resort-style clubhouse, Olympic-size pool, tennis and pickleball courts, playground, community dock, and boat storage. Just minutes from top-rated Carolina Forest schools, major hospitals, championship golf courses, shopping centers, fine dining, and the Atlantic Ocean beaches, this property combines convenience with elegance. Don’t miss this chance to own a fully upgraded waterfront home for sale in Myrtle Beach that delivers the ultimate in comfort, location, and lifestyle. Schedule your private showing of 496 W Palms Way today and start living the Intracoastal dream in coastal South Carolina.

Listing Agent

Larisa Esmat

INNOVATE Real Estate License #96360 Listed on: 06/16/2025

INNOVATE Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,773

Year Built

  • Built in 2023

Lot Details

  • 9,583 Sq Ft Lot
  • Property fronts a channel
  • Property fronts an intracoastal waterway
  • Fenced
  • Rectangular Lot

HOA Fees

  • $136 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • RV or Boat Parking

Property Views

  • Intracoastal
  • Golf Course

Home Design

  • Low Country Architecture
  • Slab Foundation
  • Concrete Siding
  • Tile

Interior Spaces

  • 4,042 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Tray Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Family or Dining Combination
  • Recreation Room
  • Loft
  • Luxury Vinyl Tile Flooring

Kitchen

  • <<doubleOvenToken>>
  • Range<<rangeHoodToken>>
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Split Bedroom Floorplan
  • In-Law or Guest Suite
  • Bathroom on Main Level
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Private Pool
  • Boat Ramp
  • Lake On Lot
  • Balcony
  • Patio
  • Built-In Barbecue
  • Front Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Tankless Water Heater
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • Association fees include electric common, pool service, common maint/repair, security, recreation facilities
  • The community has rules related to fencing, allowable golf cart usage in the community
  • Intracoastal Waterway Community

Recreation

  • Boat Ramp
  • Boat Dock
  • Community Boat Slip
  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,773

Year Built

Built in 2023

Lot Details

0

HOA Fees

$136 per month

Parking

4

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 227x42x231x42
  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Clubhouse/Rec/Facilities, Pool - Outdoor Community, Tennis Court, Security, Seller Disclosure, Gated Community, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Golf Cart, Tenant Allowed Golf Cart, Owner Allowed Pet, Private Boat Slip, Boat Dock, Boat Ramp
  • Estimated Year Built: 2023
  • Class: Residential
  • Construction Status: Resale
  • Family Rm Great Rm: Wet Bar, Ceiling Fan, Fireplace, Tray Ceiling
  • Floor Cover: Tile, Luxury Vinyl Plank/Tile
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Heat, Central Air
  • Monthly HOA as Calculated: 136
  • HOA Management Company: Ally Management - 843-497-3555
  • Living Room Type: Fireplace, Tray Ceiling
  • Lvt Date: 06/16/2025
  • Sold Total Heated Sq Ft: 4042
  • Sold Total Sq Ft: 5812
  • Style: Low Country
  • Type Of Parking: Attached 2-Car
  • Vehicle Parking Capacity: 4
  • Total Heated Sq Ft: 4042
  • Geo Subdivision: SC
  • Section Subdivision: Waterway Palms Plantation
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2023

Interior Features

  • Bedroom 1: 13.7x12.8
  • Bedroom 2: 14.2x13.11
  • Bedroom 3: 13.11x13.11
  • Dining Room: 12.3x16.5
  • Interior Amenities: Garage Door Opener, Security System, Smoke Detector, Wshr/Dryer Connection, Washer/Dryer, Split Bedroom Plan, Fireplace, Elevator-Interior, Elevator Shaft-Interior
  • Kitchen: 15.1x19.9
  • Living Room: 15.4x19.10
  • Other Rooms: Recreation Room, 1st Floor Bedrooms, 1st Floor Baths, Foyer, Laundry/Utility, Mother In Law Suite, Loft
  • Kitchen Type: Range, Work Island, Dishwasher, Garbage Disposal, Refrigerator, Pantry, Double Oven, Range Hood, Stainless Steel Apps., Solid Surface Countertops
  • Bedrooms: 5
  • Dining Room Type: Fam/Dr Combo, Ceiling Fan, Tray Ceiling
  • Full Bathrooms: 5
  • Levels: Three Or More
  • Total Sq Ft: 5812
  • Bathroom Features:Shared Primary Bath: Double Sink, Shower, Tub, Vanity
  • Fireplace Features:Primary Bedroom: 18.1x18.1

Exterior Features

  • Exterior Features: Patio, Balcony, Front Porch, Rear Porch, Fencing, Lawn Sprinkler, Pool-Outdoor Private, Boat Parking, Built-In Bbq, Boat Dock, Boat Ramp, Pool-In Ground, Outdoor Kitchen
  • Exterior Finish: Concrete Fiber Siding
  • Foundation: Slab
  • Number Of Acres: 0.22

Garage/Parking

  • Type: Detached

Utilities

  • Water Heater: Electric, Tankless
  • Utilities Available: Electricity, Water Public, Sewer, Cable Tv, Underground Utilities, Telephone

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Pool Service, 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, On Lake/Pond, On Channel, In Icw Community, Icw View, Channel View, Golf Course View, Icw Access
  • Zoning: RES

MLS Schools

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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,773 $9,614 $9,614 $0
2023 $6,773 $9,614 $9,614 $0
2021 $4,357 $9,614 $9,614 $0
2020 $1,980 $9,614 $9,614 $0
2019 $1,980 $9,614 $9,614 $0
2018 $1,923 $9,001 $9,001 $0
2017 $1,382 $6,472 $6,472 $0
2016 $0 $6,472 $6,472 $0
2015 -- $6,473 $6,473 $0
2014 $1,114 $5,395 $5,395 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 Price Changed $2,000,000 -9.1% $495 / Sq Ft
06/16/2025 06/16/25 For Sale $2,200,000 -- $544 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,820,000 --
Warranty Deed $200,000 --
Warranty Deed $145,000 --
Deed $113,000 --
Deed $99,900 --
Warranty Deed $99,900 --
Deed $83,500 --
Warranty Deed $83,500 --
Warranty Deed $279,880 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $350,000 New Conventional
Previous Owner $81,375 Future Advance Clause Open End Mortgage
Previous Owner $75,000 Purchase Money Mortgage
Source: Public Records

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Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2514918

Coastal Carolinas Association of REALTORS®

APN: 42007030006