NOT LISTED FOR SALE

511 S Ocean Blvd North Myrtle Beach, SC 29582

Ocean Drive Neighborhood

Estimated Value: $524,000 - $3,905,000

12 Beds
8 Baths
9,000 Sq Ft
$287/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $2,500,000 $278 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $16,801/month

Highlights

  • Direct Ocean View
  • Private Beach
  • Central Heating
  • Ocean Drive Elementary School Rated A
  • Community Pool

About This Home

As of December 2021

RARE opportunity to own an oceanfront condo building in Ocean Drive Beach! Seahouse Villas is a great oceanfront property offering 6 fully furnished 4 bedroom,3 bath corner units and a pool situated on a .34 acre oceanfront lot. Each unit is approx. 1500 sq. ft. with master bedroom and living/dining ocean views. Fully equipped kitchens and full size washer/dryer in laundry room of each unit. Amenities include: private oceanfront balcony attached to each condo, a 20x40 8ft deep pool with lounge area, oceanfront sundeck with conversational area, grills, pet walk and outdoor shower. Ample parking for 12 cars and a short walk to Main Street. LOCATION, LOCATION! Zoned R4, with over 10K SqFt building (9K heated), makes this an incredible property for future development potential! Solid rental revenue with 15 yr history; financials available for qualified buyer Owners are SC RE Agents

Last Agent to Sell the Property

Betsy Hinson

Volunteer Marketing & Rea License #13817 Listed on: 11/03/2021

Last Buyer's Agent

Moshe Ben-ezra

Dargan Real Estate License #100596

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $37,534

Year Built

  • Built in 1984

Lot Details

  • Private Beach

Parking

  • 1 to 5 Parking Spaces

Home Design

  • Raised Foundation
  • Wood Frame Construction
  • Siding

Interior Spaces

  • 9,000 Sq Ft Home
  • Direct Ocean Views

Utilities

  • Central Heating
  • Underground Utilities
  • Cable TV Available

Community Details

Overview

  • 6 Units
  • Seahouse Villas Condos

Recreation

  • Community Pool

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$37,534

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Amenities Available: Pool, Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Pet, Private Beach Comm Access
  • Estimated Year Built: 1984
  • Class: Multi-Family
  • Lvt Date: 11/03/2021
  • Sold Total Heated Sq Ft: 9000
  • Sold Total Sq Ft: 10000
  • Total Heated Sq Ft: 9000
  • Four Bedroom Units Rent Range: 1200-2700 vacation rental
  • Complex Name: Seahouse Villas
  • Estimated Gross Scheduled Rent: 325,000.00
  • Misc Structural: Sep. Electric Meter, Individual Water Heater, Central Cable Tv
  • Number4 Br Units: 6
  • Safety Features: Smoke/Heat Detector, Fire Alarm
  • Utilities Owner Pays: Electric, Water/Sewer, Trash
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1984

Interior Features

  • Total Sq Ft: 10000

Exterior Features

  • Exterior Finish: Wood Frame, Siding
  • Foundation: Raised Beach

Garage/Parking

  • Parking: 2 Car Unit

Utilities

  • Utilities Available: Cable Tv, Electricity, Sewer, Underground Utilities, Water Public
  • Heating Cooling: Central Heat, Electric

Schools

  • Elementary School: Ocean Drive Elementary
  • Middle School: North Myrtle Beach Middle School
  • High School: North Myrtle Beach High School

Lot Info

  • Lot Location: Oceanfront
  • Zoning: R4

Multi Family

  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2022
Sold by
I & K Realty Llc
Bought by
Yz Holdings Llc
Current Estimated Value
$2,578,815

Purchase Details

Listed on
Nov 3, 2021
Closed on
Dec 15, 2021
Sold by
Fhk Llc
Bought by
I & K Realty Llc
Seller's Agent
Betsy Hinson
Volunteer Marketing & Rea
Buyer's Agent
Moshe Ben-ezra
Dargan Real Estate
List Price
$2,600,000
Sold Price
$2,500,000
Premium/Discount to List
-$100,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.51%
Original Mortgage
$1,750,000
Interest Rate
3.05%
Mortgage Type
Commercial
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
Yz Holdings Llc -- --
I & K Realty Llc $2,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner I & K Realty Llc $1,750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $2,500,000 -3.8% $278 / Sq Ft
11/03/2021 11/03/21 For Sale $2,600,000 -- $289 / 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 $37,534 $191,185 $122,033 $69,152
2023 $37,534 $71,431 $33,384 $38,047
2021 $34,162 $122,409 $75,825 $46,584
2020 $15,986 $122,409 $75,825 $46,584
2019 $15,422 $122,409 $75,825 $46,584
2018 $14,211 $98,541 $65,457 $33,084
2017 $14,087 $98,541 $65,457 $33,084
2016 -- $98,541 $65,457 $33,084
2015 $13,962 $98,541 $65,457 $33,084
2014 $13,515 $98,541 $65,457 $33,084
Source: Public Records

Agents Affiliated with this Home

  • Betsy Hinson

    Seller's Agent in 2021

    Betsy Hinson

    Volunteer Marketing & Rea

    (843) 280-3015

    1 in this area

    6 Total Sales

    Betsy Hinson
    Section Image
  • Moshe Ben-ezra

    Buyer's Agent in 2021

    Moshe Ben-ezra

    Dargan Real Estate

    (843) 922-1818

    2 in this area

    81 Total Sales

    Moshe Ben-ezra
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2124665

Coastal Carolinas Association of REALTORS®

APN: 35609020285

South Carolina Horry County North Myrtle Beach 29582 Ocean Drive

511 S Ocean Blvd, North Myrtle Beach, SC

This home is located at 511 S Ocean Blvd, North Myrtle Beach, SC 29582 since 03 November 2021 and is currently estimated at $2,578,815, approximately $286 per square foot. This property was built in 1984. 511 S Ocean Blvd is a home located in Horry County with nearby schools including Ocean Drive Elementary School, North Myrtle Beach Middle School, and North Myrtle Beach High School.

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Coastal Carolinas Association of REALTORS® 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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