NOT LISTED FOR SALE

542 Caribbean Way S Myrtle Beach, SC 29577

Downtown Myrtle Beach Neighborhood

Estimated Value: $596,000 - $690,580

4 Beds
4.5 Baths
2,250 Sq Ft
$284/Sq Ft Est. Value

Last Sold October 20, 2016

Last sale price $327,000 $145 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $4,476/month

34 Days on Market

Highlights

  • Ocean View
  • Deck
  • Solid Surface Countertops
  • Private Pool
  • Recreation Room
  • Formal Dining Room

About This Home

As of October 2016

NEW PRICING!!! INVESTORS DREAM - NEW CONSTRUCTION - EXCELLENT RENTAL INCOME!!! RAISED 4BR/4BA BEACH HOME IN THE HEART OF MYRTLE BEACH. MANY UPGRADES! INCLUDING STONE COUNTER TOPS, CROWN MOLDING, TILE FLOORS, HARDY PLANK SIDING, METAL ROOFS, TWO MASTER SUITES AND A COMMUNITY POOL. LOW HOA FEES. APPROX 1 BLOCK FROM THE OCEAN. Pictures are representation of the home to be built. HUGE INCENTIVES! All measurements are approximate. Buyers are responsible for verification.

Last Agent to Sell the Property

Julia Wellman

Coastal Home Living License #86786 Listed on: 10/27/2015

Last Buyer's Agent

Brendon Payne

Century 21 The Harrelson Group License #66802

Century 21 The Harrelson Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,534

Year Built

  • Built in 2015 | Under Construction

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

  • 2,250 Sq Ft Home
  • Ceiling Fan
  • Formal Dining Room
  • Recreation Room
  • Carpet
  • Ocean Views

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Private Pool
  • 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
  • Phone Available
  • Cable TV Available

Additional Features

  • Rectangular Lot
  • East of US 17

Community Details

Recreation

  • Community Pool

Additional Features

  • Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,534

Year Built

Built in 2015 | Under Construction

Lot Details

0

HOA Fees

$215 per month

Parking

4

Listing Details

  • Lot Description: Rectangular
  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Pool - Outdoor Community, Security, Short Term Rental Allowed, Long Term Rental Allowed, Tenant Allowed Motorcycle, Tenant Allowed Golf Cart
  • Estimated Year Built: 2015
  • Class: Residential
  • Construction Status: Under Construction
  • Floor Cover: Carpeting, Tile
  • HOA Fee Frequency: Monthly
  • Great Family Room: 15x16.2
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Monthly HOA as Calculated: 215
  • HOA Management Company: David and Linda DiMaio 843-283-6869
  • Living Room Type: Ceiling Fan
  • Sold Total Heated Sq Ft: 2250
  • Sold Total Sq Ft: 2550
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 4
  • Total Heated Sq Ft: 2250
  • Geo Subdivision: SC
  • Section Subdivision: Caribbean Cove
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2015

Interior Features

  • Bedroom 1: 11.9x12
  • Bedroom 2: 11.9x12
  • Bedroom 3: 15x13.4
  • Dining Room: 15x11.4
  • Interior Amenities: Wshr/Dryer Connection
  • Kitchen: 14.6x10.10
  • Living Room: 14x11
  • Master Bedroom: 16x12
  • Other Rooms: Laundry/Utility, Recreation Room
  • Kitchen Type: Breakfast Bar, Dishwasher, Solid Surface Countertops, Garbage Disposal, Microwave, Pantry, Refrigerator, Range
  • Master Bedroom Type: Ceiling Fan
  • Bedrooms: 4
  • Dining Room Type: Lvr/Dr Combo
  • Formal Dining: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Levels: Two-Story
  • Total Sq Ft: 2550

Exterior Features

  • Exterior Features: Deck, Balcony, Lawn Sprinkler, Pool-Outdoor Private, Outside Storage Attached
  • Exterior Finish: Siding
  • 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: Myrtle Beach Elementary School
  • Middle School: Myrtle Beach Middle School
  • High School: Myrtle Beach High School

Lot Info

  • Lot Location: Inside City Limits, East Of Bus 17, Oceanview Lot
  • 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
Nov 15, 2023
Sold by
Westerly Waves Llc
Bought by
Coastal Life Investments Llc
Current Estimated Value
$638,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Outstanding Balance
$418,468
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$219,677

Purchase Details

Listed on
Oct 27, 2015
Closed on
Oct 19, 2016
Sold by
Dimaio David
Bought by
Norberg James T
Seller's Agent
Julia Wellman
Coastal Home Living
Buyer's Agent
Brendon Payne
Century 21 The Harrelson Group
List Price
$338,000
Sold Price
$327,000
Premium/Discount to List
-$11,000
-3.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.76%

Purchase Details

Listed on
Feb 18, 2014
Closed on
Mar 31, 2015
Sold by
Myrtle Beach South Properties Llc
Bought by
Dimaio David and Dimaio Linda
Seller's Agent
Greg Sisson
The Ocean Forest Company
Buyer's Agent
James Haas
RE/MAX Executive
List Price
$32,500
Sold Price
$24,500
Premium/Discount to List
-$8,000
-24.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
426.50%
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
Coastal Life Investments Llc $675,000 --
Norberg James T $320,000 --
Dimaio David $24,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coastal Life Investments Llc $425,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2016 10/20/16 Sold $327,000 -3.3% $145 / Sq Ft
11/30/2015 11/30/15 Pending -- -- --
10/27/2015 10/27/15 For Sale $338,000 +1279.6% $150 / Sq Ft
03/31/2015 03/31/15 Sold $24,500 -24.6% $10 / Sq Ft
02/13/2015 02/13/15 Pending -- -- --
02/18/2014 02/18/14 For Sale $32,500 -- $13 / 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 $10,534 $39,900 $0 $39,900
2023 $10,534 $32,834 $0 $32,834
2021 $4,097 $32,834 $0 $32,834
2020 $3,768 $32,834 $0 $32,834
2019 $3,768 $32,834 $0 $32,834
2018 $0 $22,250 $0 $22,250
2017 $0 $2,502 $0 $2,502
2016 -- $2,502 $0 $2,502
2015 $650 $1,668 $0 $1,668
2014 $632 $2,502 $0 $2,502
Source: Public Records

Agents Affiliated with this Home

  • Julia Wellman

    Seller's Agent in 2016

    Julia Wellman

    Coastal Home Living

    (843) 516-2181

    4 Total Sales

    Julia Wellman
    Section Image
  • Brendon Payne

    Buyer's Agent in 2016

    Brendon Payne

    Century 21 The Harrelson Group

    (843) 222-5771

    44 in this area

    639 Total Sales

    Brendon Payne
    Section Image
  • Greg Sisson

    Seller's Agent in 2015

    Greg Sisson

    The Ocean Forest Company

    (843) 420-1303

    76 in this area

    1,665 Total Sales

    Greg Sisson
    Section Image
  • James Haas

    Buyer's Agent in 2015

    James Haas

    RE/MAX

    (843) 602-7246

    8 in this area

    118 Total Sales

    James Haas
    Section Image
See All Agents

Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1520959

Coastal Carolinas Association of REALTORS®

APN: 44305030005

South Carolina Horry County Myrtle Beach 29577 Downtown Myrtle Beach

542 Caribbean Way S, Myrtle Beach, SC

This home is located at 542 Caribbean Way S, Myrtle Beach, SC 29577 since 27 October 2015 and is currently estimated at $638,145, approximately $283 per square foot. This property was built in 2015. 542 Caribbean Way S is a home located in Horry County with nearby schools including Myrtle Beach Child Development Center, Myrtle Beach Primary School, and Myrtle Beach Elementary 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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