NOT LISTED FOR SALE

5300 N Ocean Blvd Unit Margarita Villas B North Myrtle Beach, SC 29582

Cherry Grove Neighborhood

Estimated Value: $936,626 - $1,362,000

8 Beds
8 Baths
4,501 Sq Ft
$249/Sq Ft Est. Value

Last Sold April 04, 2012

Last sale price $880,000 $196 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $8,189/month

134 Days on Market

Highlights

  • Ocean Front
  • Private Pool
  • Stainless Steel Appliances
  • Ocean Drive Elementary School Rated A
  • Den
  • Balcony

About This Home

As of April 2012

Margaritaville. 8BR/8BA direct oceanfront located in the heart of Cherry Grove. One of the most popular beaches on the eastern seaboard. This villa affords panoramic views of the ocean. Loaded with upgrades, gourmet kitchen, granite counter tops, stainless steel appliances, recreation room with pool tables/games, private elevator, outdoor pool, boardwalk to the beach, TVs in every bedroom and big TV in sitting area. Live here like a king or stay on rental program and enjoy the good life!

Last Agent to Sell the Property

Bill Bellamy

CENTURY 21 Thomas License #2854 Listed on: 10/24/2011

CENTURY 21 Thomas

Last Buyer's Agent

Phil Kennedy

Century 21 Barefoot Realty License #49559

Century 21 Barefoot Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2000

Lot Details

  • Ocean Front
  • Property is zoned R4

HOA Fees

  • $1,458 Monthly HOA Fees

Parking

  • Tuck Under Parking

Home Design

  • Stilt Home
  • Raised Foundation
  • Vinyl Siding
  • Tile

Interior Spaces

  • 4,501 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Window Treatments
  • Combination Dining and Living Room
  • Den
  • Carpet
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Outdoor Features

  • Private Pool
  • Balcony

Location

  • East of US 17

Schools

  • Do Not Use -North Myrtle Beach Elementary - Inactive
  • North Myrtle Beach Middle School
  • North Myrtle Beach High School

Utilities

  • Central Heating and Cooling System
  • Water Heater

Community Details

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2000

Lot Details

0

HOA Fees

$1,458 per month

Parking

6

Listing Details

  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Pool - Outdoor Community, Seller Disclosure, Short Term Rental Allowed
  • Estimated Year Built: 2000
  • Class: Residential
  • Construction Status: Resale
  • Family Rm Great Rm: Ceiling Fan
  • Floor Cover: Carpeting, Tile
  • HOA Fee Frequency: Annually
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Monthly HOA as Calculated: 1458
  • HOA Management Company: Elliott Rental
  • Sold Total Heated Sq Ft: 4501
  • Sold Total Sq Ft: 4501
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 6
  • Total Heated Sq Ft: 4501
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2000

Interior Features

  • Interior Amenities: Wind Treat Convey, Smoke Detector
  • Other Rooms: Den/Study/Library
  • Kitchen Type: Breakfast Bar, Dishwasher, Garbage Disposal, Microwave, Pantry, Refrigerator, Range, Stainless Steel Apps.
  • Bedrooms: 8
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 8
  • Levels: Three Or More
  • Total Sq Ft: 4501

Exterior Features

  • Exterior Features: Balcony, Lawn Sprinkler, Pool-Outdoor Private, Outside Storage Attached
  • Exterior Finish: Vinyl Siding
  • Foundation: Raised Beach

Garage/Parking

  • Type: Semi-Detached

Utilities

  • Water Heater: Electric
  • Utilities Available: Electricity, Sewer, Water Public

Schools

  • Elementary School: DO NOT USE -North Myrtle Beach Elementary - Inactive
  • Middle School: North Myrtle Beach Middle School
  • High School: North Myrtle Beach High School

Lot Info

  • Lot Location: Oceanfront Lot, Inside City Limits, East Of Bus 17, Oceanview Lot
  • Zoning: R4

MLS Schools

  • Elementary School: DO NOT USE -North Myrtle Beach Elementary - Inactive
  • HighSchool: North Myrtle Beach High School
  • Middle School: North Myrtle Beach Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2024
Sold by
Rebuck David Hugh
Bought by
Margarita B Llc
Current Estimated Value
$1,218,686

Purchase Details

Closed on
Jun 9, 2017
Sold by
Macdonald Jason J
Bought by
Rebuck David Hugh and Sheirer Barbara

Purchase Details

Listed on
Oct 24, 2011
Closed on
May 3, 2012
Sold by
Margaritaville Holdings Llc
Bought by
Macdonald Jason J
Seller's Agent
Bill Bellamy
CENTURY 21 Thomas
Buyer's Agent
Phil Kennedy
Century 21 Barefoot Realty
List Price
$975,000
Sold Price
$880,000
Premium/Discount to List
-$95,000
-9.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.61%

Purchase Details

Closed on
Sep 23, 2005
Sold by
Cherry Grove Villas Llc
Bought by
Margaritaville Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Margarita B Llc -- --
Rebuck David Hugh $860,000 --
Macdonald Jason J $880,000 --
Margaritaville Holdings Llc $1,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Margaritaville Holdings Llc $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2012 04/04/12 Sold $880,000 -9.7% $196 / Sq Ft
03/06/2012 03/06/12 Pending -- -- --
10/24/2011 10/24/11 For Sale $975,000 -- $217 / 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 -- $89,250 $0 $89,250
2023 $0 $89,250 $0 $89,250
2021 $11,541 $89,250 $0 $89,250
2020 $11,414 $89,250 $0 $89,250
2019 $11,011 $89,250 $0 $89,250
2018 $0 $89,250 $0 $89,250
2017 $0 $60,000 $0 $60,000
2016 -- $60,000 $0 $60,000
2015 $13,488 $105,000 $0 $105,000
2014 $13,056 $60,000 $0 $60,000
Source: Public Records

Agents Affiliated with this Home

  • Bill Bellamy

    Seller's Agent in 2012

    Bill Bellamy

    CENTURY 21 Thomas

    (843) 457-2100

    5 Total Sales

    Section Image
  • Phil Kennedy

    Buyer's Agent in 2012

    Phil Kennedy

    Century 21 Barefoot Realty

    (843) 450-8061

    7 in this area

    147 Total Sales

    Section Image
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1117302

Coastal Carolinas Association of REALTORS®

APN: 35209040245

South Carolina Horry County North Myrtle Beach 29577 Cherry Grove

5300 N Ocean Blvd Unit Margarita Villas B, North Myrtle Beach, SC

This home is located at 5300 N Ocean Blvd Unit Margarita Villas B, North Myrtle Beach, SC 29582 since 24 October 2011 and is currently estimated at $1,120,542, approximately $248 per square foot. This property was built in 2000. 5300 N Ocean Blvd Unit Margarita Villas B 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.

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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