NOT LISTED FOR SALE

520 W Palms Dr Unit Lot 20 Myrtle Beach, SC 29579

Pine Island Neighborhood

Estimated Value: $856,000 - $1,526,000

0.21 Acre
$5,671,429 Price per Acre
9,148 Sq Ft Lot

Last Sold November 03, 2023

Last sale price $365,000

Est. 226% increase in value since last sale

Current estimated payment $6,933/month

321 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Gated Community
  • Community Pool
  • River Oaks Elementary School Rated A
  • Clubhouse
  • Tennis Courts

About This Lot

As of November 2023

Located in the premier gated community of Waterway Palms Plantation, this exclusive waterfront lot sits directly on the Intracoastal Waterway. Build your dream home and relax in your backyard oasis as you enjoy the peaceful sights and sounds of nature and boats passing by. This property sits adjacent to a quiet cul-de-sac and green space preserve with very little road traffic. The bulkhead has already been dredged, and there are no houses across the water staring at you. Waterway Palms offers a beautiful resort style clubhouse and pool, tennis courts, playground area, day dock, private boat ramp, and private boat storage for owners. What more could you ask for?! Quick access to Hwy 31 and just minutes to shopping, restaurants, and the beach. Come check it out!

Last Agent to Sell the Property

Bret French

INNOVATE Real Estate Listed on: 10/07/2022

INNOVATE Real Estate

Co-Listed By

Myrtle Mike Thompson

INNOVATE Real Estate License #124910

Last Buyer's Agent

The Mills Group

Century 21 Barefoot Realty

Century 21 Barefoot Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,048

Lot Details

  • 9,148 Sq Ft Lot
  • Property fronts an intracoastal waterway
  • Rectangular Lot
  • Cleared Lot
  • Property is zoned PDD

HOA Fees

  • $114 Monthly HOA Fees

Schools

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

Additional Features

  • Outside City Limits
  • Phone Available

Community Details

Overview

  • The community has rules related to allowable golf cart usage in the community
  • Intracoastal Waterway Community

Recreation

  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Security
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$6,048

Lot Details

0

HOA Fees

$114 per month

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 42'x220'x42'x221'
  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Clubhouse/Rec/Facilities, Pool-Outdoor Community, Tennis Court, Security, Gated Community, Long Term Rental Allowed, Owner Allowed Motorcycle, Owner Allowed Golf Cart, Owner Allowed Pet
  • Class: Land
  • HOA Fee Frequency: Quarterly
  • HOA Management Company: Waccamaw Management, 843-903-9551
  • Lvt Date: 10/07/2022
  • Previous Tax Mapnumber: 173-23-01-020
  • Additional Information: Cleared
  • Estimated Lot Size: Less Than 1/2 Acre
  • Monthly HOA Calculated: 114
  • Number Of Lots: 1
  • Residence: Land Only
  • Road Surface: Concrete
  • Utilities To Site: Electricity, Water, Sewer, Phone, Tv Cable, Underground, Utilities
  • Geo Subdivision: SC
  • Section Subdivision: Waterway Palms Plantation
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Number Of Acres: 0.21

Garage/Parking

  • Type: Residential Lot

Utilities

  • Sewer: Public
  • Water: Public

Schools

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

Lot Info

  • Lot Location: Outside City Limits, On Icw, In Icw Community
  • Zoning: PDD

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2025
Sold by
Mgr3 Llc
Bought by
Cordeiro Christopher Thomas and Fong Lillian Prosperity
Current Estimated Value
$1,191,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,615,000
Outstanding Balance
$1,604,869
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
-$413,869

Purchase Details

Listed on
Oct 7, 2022
Closed on
Nov 6, 2023
Sold by
Centilli Michael
Bought by
Mgr3 Llc
Seller's Agent
Bret French
INNOVATE Real Estate
Buyer's Agent
The Mills Group
Century 21 Barefoot Realty
List Price
$380,000
Sold Price
$365,000
Premium/Discount to List
-$15,000
-3.95%
Views
163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
84.55%
Original Mortgage
$1,200,000
Interest Rate
7.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2020
Sold by
Tiernan Peter W
Bought by
Williams Eric L and Williams Kelly E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2004
Sold by
South Carolina Coastal Development Inc
Bought by
Tiernan Peter W and Tiernan Theresa L
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cordeiro Christopher Thomas $1,700,000 --
Mgr3 Llc $365,000 --
Williams Eric L $200,000 --
Tiernan Peter W $279,880 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cordeiro Christopher Thomas $1,615,000
Previous Owner Mgr3 Llc $1,200,000
Previous Owner Williams Eric L $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2023 11/03/23 Sold $365,000 -2.7% --
07/25/2023 07/25/23 Price Changed $375,000 -1.3% --
10/07/2022 10/07/22 For Sale $380,000 -- --
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 $6,048 $30,000 $30,000 $0
2023 $6,048 $12,002 $12,002 $0
2021 $2,570 $12,002 $12,002 $0
2020 $0 $9,398 $9,398 $0
2019 $1,132 $9,398 $9,398 $0
2018 $0 $5,273 $5,273 $0
2017 $1,132 $5,273 $5,273 $0
2016 -- $5,273 $5,273 $0
2015 $1,132 $5,274 $5,274 $0
2014 $1,089 $5,274 $5,274 $0
Source: Public Records

Agents Affiliated with this Home

  • Bret French

    Seller's Agent in 2023

    Bret French

    INNOVATE Real Estate

    (843) 457-2738

    44 in this area

    510 Total Sales

    Bret French
    Section Image
  • Myrtle Mike Thompson

    Seller Co-Listing Agent in 2023

    Myrtle Mike Thompson

    INNOVATE Real Estate

    (843) 999-2301

    1 in this area

    16 Total Sales

    Myrtle Mike Thompson
    Section Image
  • The Mills Group

    Buyer's Agent in 2023

    The Mills Group

    Century 21 Barefoot Realty

    (843) 252-0847

    44 in this area

    1,136 Total Sales

    The Mills Group
    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2222335

Coastal Carolinas Association of REALTORS®

APN: 42007030012

South Carolina Horry County Myrtle Beach 29579 Pine Island

520 W Palms Dr Unit Lot 20, Myrtle Beach, SC

This home is located at 520 W Palms Dr Unit Lot 20, Myrtle Beach, SC 29579 since 07 October 2022 and is currently estimated at $1,191,000. 520 W Palms Dr Unit Lot 20 is a home located in Horry County with nearby schools including River Oaks Elementary School, Ocean Bay Middle School, and Carolina Forest High School.

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.

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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