NOT LISTED FOR SALE

511 Caribbean Way S Unit 4 Myrtle Beach, SC 29577

Downtown Myrtle Beach Neighborhood

Estimated Value: $558,000 - $606,629

4 Beds
4.5 Baths
1,932 Sq Ft
$303/Sq Ft Est. Value

Last Sold November 18, 2024

Last sale price $585,000 $303 Per Sq Ft

Current estimated payment $4,152/month

55 Days on Market

Highlights

  • Solar Power System
  • Deck
  • Bonus Room
  • 0.64 Acre Lot
  • Main Floor Primary Bedroom
  • Furnished

About This Home

As of November 2024

Welcome to this gorgeous beach house. Spacious four-bedroom, four-and-one-half-bathroom beach house rental in Myrtle Beach, South Carolina. It's being sold completely furnished. Located 4 miles from Market Common and about 4 miles from Broadway at the Beach and less than a thousand feet to the sandy beach. This home is close to great attractions and restaurants. The beach house is designed for comfort and convenience and has a fully equipped kitchen,specious living room, formal dining room and best of all, each bedroom has its own private full bath!!. Use as a second home or a vacation rental property investment, how can you go wrong when you can drink your morning coffee on the balcony looking at the ocean? Schedule your showing today!

Last Agent to Sell the Property

David Adam

Coastal Premier RE Services License #123181 Listed on: 08/24/2024

Last Buyer's Agent

The Equity Team

S.H. June & Associates, LLC

S.H. June & Associates, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,240

Year Built

  • Built in 2007

Lot Details

  • 0.64

HOA Fees

  • $215 Monthly HOA Fees

Parking

  • Tuck Under Parking

Home Design

  • Stilt Home
  • Bi-Level Home
  • Raised Foundation
  • Siding
  • Tile

Interior Spaces

  • 1,932 Sq Ft Home
  • Furnished
  • Window Treatments
  • Formal Dining Room
  • Bonus Room
  • Carpet
  • Fire and Smoke Detector
  • Washer and Dryer

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Outdoor Features

  • Balcony
  • Deck

Schools

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

Utilities

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

Additional Features

  • Solar Power System
  • 0.64 Acre Lot
  • East of US 17

Community Details

Overview

  • Association fees include electric common, trash pickup, pool service, landscape/lawn
  • The community has rules related to allowable golf cart usage in the community

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,240

Year Built

Built in 2007

Lot Details

0

HOA Fees

$215 per month

Parking

3

Listing Details

  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Pool - Outdoor Community, Seller Disclosure, Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Golf Cart, Tenant Allowed Golf Cart, Owner Allowed Pet
  • Estimated Year Built: 2007
  • Class: Residential
  • Construction Status: Resale
  • Floor Cover: Tile, Carpeting
  • HOA Fee Frequency: Quarterly
  • Heating And Cooling: Central Heat, Central Air, Electric
  • Monthly HOA as Calculated: 215
  • HOA Management Company: Val 310-985-1132
  • Lvt Date: 08/24/2024
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Total Heated Sq Ft: 1932
  • Geo Subdivision: SC
  • Ground Floor Heated Sq Ft: 1932
  • Section Subdivision: Caribbean Cove
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2007

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat Convey, Smoke Detector, Wshr/Dryer Connection, Washer/Dryer, Furnished
  • Other Rooms: Bonus Room
  • Kitchen Type: Range, Dishwasher, Refrigerator, Microwave, Breakfast Bar
  • Master Bedroom Type: 1st Flr Level
  • Bedrooms: 4
  • Dining Room Type: Lvr/Dr Combo
  • Formal Dining: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Levels: Two-Story
  • Total Sq Ft: 2316

Exterior Features

  • Exterior Features: Deck, Balcony, Outside Storage Attached, Solar Panels
  • Exterior Finish: Siding
  • Foundation: Raised Beach
  • Number Of Acres: 0.64

Garage/Parking

  • Type: Detached With Hpr

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Trash Pickup, Pool Service, Landscape/Lawn

Lot Info

  • Lot Location: Inside City Limits, East Of Bus 17
  • Zoning: Res

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

Closed on
Jul 28, 2025
Sold by
Phan Charles T
Bought by
Nguyen Chanh and Ho Kevin Allan
Current Estimated Value
$585,657

Purchase Details

Listed on
Aug 24, 2024
Closed on
Nov 15, 2024
Sold by
Sivkov Susan L
Bought by
Phan Charles T and Phan Yen Nguyet
Seller's Agent
David Adam
Coastal Premier RE Services
Buyer's Agent
The Equity Team
S.H. June & Associates, LLC
List Price
$629,000
Sold Price
$585,000
Premium/Discount to List
-$44,000
-7%
Views
52

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.11%

Purchase Details

Listed on
Jun 19, 2016
Closed on
Sep 30, 2016
Sold by
Sisson Gregory S
Bought by
Sivkov Susan L and Sivkov Val
Seller's Agent
Greg Sisson
The Ocean Forest Company
Buyer's Agent
Shayla Dewitt Dewitt
The Floyd Agency, LLC
List Price
$292,900
Sold Price
$285,000
Premium/Discount to List
-$7,900
-2.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.24%
Original Mortgage
$256,500
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2008
Sold by
Sisson Gregory S and Richardson Robert N
Bought by
Sisson Gregory S and Sisson Stephanie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 2007
Sold by
Myrtle Beach South Properties Llc
Bought by
Richardson Robert N and Richardson Marie H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nguyen Chanh -- --
Phan Charles T $585,000 --
Sivkov Susan L $285,000 --
Sisson Gregory S -- --
Richardson Robert N $323,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sivkov Susan L $256,500
Previous Owner Sisson Gregory S $170,000
Previous Owner Richardson Robert N $161,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/18/2024 11/18/24 Sold $585,000 -5.5% $303 / Sq Ft
09/26/2024 09/26/24 Price Changed $619,000 -1.6% $320 / Sq Ft
08/24/2024 08/24/24 For Sale $629,000 +120.7% $326 / Sq Ft
09/30/2016 09/30/16 Sold $285,000 -2.7% $130 / Sq Ft View Prior Sale
08/11/2016 08/11/16 Pending -- -- --
06/19/2016 06/19/16 For Sale $292,900 -- $133 / 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 $10,240 $39,900 $0 $39,900
2023 $5,475 $31,553 $0 $31,553
2021 $5,052 $31,553 $0 $31,553
2020 $4,646 $31,553 $0 $31,553
2019 $4,646 $31,553 $0 $31,553
2018 $0 $29,925 $0 $29,925
2017 $4,497 $17,100 $0 $17,100
2016 $0 $17,640 $0 $17,640
2015 -- $11,760 $0 $11,760
2014 $4,459 $11,760 $0 $11,760
Source: Public Records

Agents Affiliated with this Home

  • David Adam

    Seller's Agent in 2024

    David Adam

    Coastal Premier RE Services

    (843) 424-9277

    27 in this area

    60 Total Sales

    David Adam
    Section Image

  • T

    Buyer's Agent in 2024

    The Equity Team

    S.H. June & Associates, LLC

    (631) 877-0270

    10 in this area

    93 Total Sales

    The Equity Team
    Section Image
  • Greg Sisson

    Seller's Agent in 2016

    Greg Sisson

    The Ocean Forest Company

    (843) 420-1303

    114 in this area

    1,671 Total Sales

    Greg Sisson
    Section Image

  • S

    Buyer's Agent in 2016

    Shayla Dewitt Dewitt

    NorthGroup Real Estate LLC

    (843) 685-4011

    12 in this area

    57 Total Sales

    Shayla Dewitt Dewitt
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2419700

Coastal Carolinas Association of REALTORS®

APN: 44305030007

South Carolina Horry County Myrtle Beach 29577 Downtown Myrtle Beach

511 Caribbean Way S Unit 4, Myrtle Beach, SC

Not Listed for Sale

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