NOT LISTED FOR SALE

5003 S Ocean Blvd Unit "The Bellagio" Surfside Beach, SC 29575

South Myrtle Beach Neighborhood

Estimated Value: $2,179,000 - $3,317,000

7 Beds
7.5 Baths
5,801 Sq Ft
$456/Sq Ft Est. Value

Last Sold August 30, 2016

Last sale price $2,000,000 $345 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $16,240/month

Highlights

  • Ocean Front
  • Private Pool
  • Sitting Area In Primary Bedroom
  • Lakewood Elementary Rated A
  • RV or Boat Parking
  • Deck

About This Home

As of August 2016

What an incredible opportunity to own in one of the best kept secrets at the beach. Location is everything! Long Bay Estates is a prestigious secluded community located just South of Myrtle Beach State Park which makes this a perfect location convenient to shops, dining, airport and entertainment. This magnificent direct oceanfront 7 bedroom home has breathtaking panoramas that are enhanced by the bright, open interior, encompassing over 6,000 square feet! Gourmet kitchen featuring commercial grade Viking range, upgraded cabinetry, double ovens and dishwashers and granite in kitchen and all baths. This home has it all - 2 oceanfront master bedrooms, large master bath with Romanesque whirlpool tub. Crown molding, chair rail, wainscoting, wet bars, billiards room, private heated pool and hot tub and much more! Fully furnished with superior appointments makes this a 1st choice for even the most discerning buyer. Your Seaside Escape awaits.... Travel Web site TripAdvisor has provided its list of luxury rental homes in North America which includes The Bellagio, Myrtle Beach, SC as #8; see article in Associate Documents.

Last Agent to Sell the Property

Matt Scalise

Scalise Realty Powered by KW License #25561 Listed on: 08/30/2016

Last Buyer's Agent

Shannon Foley

Century 21 The Harrelson Group License #94534

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,160

Year Built

  • Built in 2007

Lot Details

  • Ocean Front
  • Fenced
  • Rectangular Lot
  • Property is zoned R7

Parking

  • Tuck Under Parking
  • RV or Boat Parking

Home Design

  • Stilt Home
  • Bi-Level Home
  • Raised Foundation
  • Wood Frame Construction
  • Tile

Interior Spaces

  • 5,801 Sq Ft Home
  • Wet Bar
  • Furnished
  • Tray Ceiling
  • Ceiling Fan
  • Window Treatments
  • Entrance Foyer
  • Formal Dining Room
  • Recreation Room
  • Carpet
  • Home Security System
  • Washer and Dryer

Kitchen

  • Breakfast Bar
  • Double Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Sitting Area In Primary Bedroom
  • Main Floor Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Bathroom on Main Level
  • Single Vanity
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Shower Only

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Balcony
  • Deck
  • Front Porch

Location

  • Flood Zone Lot
  • East of US 17

Schools

  • Lakewood Elementary School
  • Forestbrook Middle School
  • Socastee High School

Utilities

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

Community Details

  • The community has rules related to fencing

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,160

Year Built

Built in 2007

Lot Details

0

Parking

10

Listing Details

  • Lot Description: Designated Flood Zone, Rectangular
  • Four Sided Lot Measurement: 85'x258'
  • Estimated Year Built: 2007
  • Class: Residential
  • Construction Status: Resale
  • Family Rm Great Rm: Ceiling Fan, Tray Ceiling, Wet Bar
  • Floor Cover: Carpeting, Tile, Wood
  • HOA Fee Frequency: Does Not Have Hoa
  • Great Family Room: 21x35
  • Heating And Cooling: Central Air, Central Heat
  • Living Room Type: Ceiling Fan, Tray Ceiling
  • Lvt Date: 08/30/2016
  • Sold Total Heated Sq Ft: 5801
  • Sold Total Sq Ft: 6900
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 10
  • Total Heated Sq Ft: 5801
  • Geo Subdivision: SC
  • Section Subdivision: Long Bay Estates
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2007

Interior Features

  • Bedroom 1: 16x16
  • Furnished: Yes
  • Interior Amenities: Wind Treat Convey, Security System, Wshr/Dryer Connection, Washer/Dryer, Split Bedroom Plan, Furnished
  • Master Bedroom: 16x20
  • Other Rooms: 1st Floor Bedrooms, 1st Floor Baths, Foyer, Recreation Room
  • Primary Bathroom: Double Sink, Shower, Vanity, Whirlpool Tub
  • Kitchen Type: Breakfast Bar, Double Oven, Dishwasher, Solid Surface Countertops, Garbage Disposal, Microwave, Pantry, Refrigerator, Range, Stainless Steel Apps., Work Island
  • Master Bedroom Type: Ceiling Fan, Sitting Area, Walk-In Closet
  • Bedrooms: 7
  • Dining Room Type: Formal
  • Formal Dining: Yes
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Levels: Two-Story
  • Total Sq Ft: 6900

Exterior Features

  • Exterior Features: Deck, Balcony, Front Porch, Rear Porch, Fencing, Lawn Sprinkler, Pool-Outdoor Private, Spa/Hot Tub, Boat Parking, Outside Storage Attached
  • Exterior Finish: Wood Frame
  • Foundation: Raised Beach

Garage/Parking

  • Type: Detached

Utilities

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

Schools

  • Elementary School: Lakewood Elementary School
  • Middle School: Forestbrook Middle School
  • High School: Socastee High School

Lot Info

  • Lot Location: Oceanfront Lot, East Of Bus 17
  • Zoning: R7

MLS Schools

  • Elementary School: Lakewood Elementary School
  • HighSchool: Socastee High School
  • Middle School: Forestbrook Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2016
Closed on
Aug 30, 2016
Sold by
Long Bay Investment Llc
Bought by
Thetis Llc
Seller's Agent
Matt Scalise
Scalise Realty Powered by KW
Buyer's Agent
Shannon Foley
Century 21 The Harrelson Group
List Price
$2,249,000
Sold Price
$2,000,000
Premium/Discount to List
-$249,000
-11.07%
Current Estimated Value
$2,646,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$646,841
Avg. Annual Appreciation
3.14%

Purchase Details

Closed on
Jan 25, 2008
Sold by
Lide Lanneau D
Bought by
Long Bay Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,200,000
Interest Rate
6.17%
Mortgage Type
Credit Line Revolving
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
Thetis Llc $2,000,000 --
Long Bay Investment Llc $1,500,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Long Bay Investment Llc $2,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2016 08/30/16 Sold $2,000,000 -11.1% $345 / Sq Ft
08/30/2016 08/30/16 For Sale $2,249,000 -- $388 / Sq Ft
07/19/2016 07/19/16 Pending -- -- --
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 $27,160 $166,066 $107,737 $58,329
2023 $27,160 $117,113 $67,145 $49,968
2021 $24,999 $117,113 $67,145 $49,968
2020 $24,064 $117,113 $67,145 $49,968
2019 $24,064 $117,113 $67,145 $49,968
2018 $0 $116,966 $65,666 $51,300
2017 $24,909 $116,966 $65,666 $51,300
2016 -- $96,074 $59,696 $36,378
2015 $20,463 $96,075 $59,697 $36,378
2014 $19,772 $96,075 $59,697 $36,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1617690

Coastal Carolinas Association of REALTORS®

APN: 46002020017