$24,500
SOLD MAR 31, 2015

542 Caribbean Way S Myrtle Beach, SC 29577

Downtown Myrtle Beach Neighborhood
0.64 Acre
-- Price per Acre
-- Sq Ft Lot

Recently Sold

$10 Per Sq Ft

25% Below List Price

360 Days on Market

About This Lot

As of October 2016

Vacant lot in the Caribbean Cove community. A beautiful community of raised style beach homes. Small community only one block to the ocean. There are specific architectural guidelines required for the home to be built on the lot. Close to Family Kingdom Amusement Park, Broadway at the Beach and other attractions and dining.

Last Agent to Sell the Property

Greg Sisson

The Ocean Forest Company License #26646 Listed on: 02/18/2014

Last Buyer's Agent

James Haas

RE/MAX Executive License #41623

RE/MAX Executive

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,534

Lot Details

  • Rectangular Lot
  • Cleared Lot

HOA Fees

  • $215 Monthly HOA Fees

Schools

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

Additional Features

  • East of US 17
  • Phone Available

Community Details

Recreation

  • Community Pool

Property Details

Property Type

Land

Est. Annual Taxes

$10,534

Lot Details

0

HOA Fees

$215 per month

Listing Details

  • Lot Description: Rectangular
  • Four Sided Lot Measurement: 50'x55'.11"x50' x 55'.11"
  • Amenities Available: Home Owners Assoc. Fees, Restrictions, Pool-Outdoor Community
  • Class: Land
  • HOA Fee Frequency: Monthly
  • HOA Management Company: Lenore Bolig 843-448-2905
  • Previous Tax Mapnumber: 181-10-37-023
  • Additional Information: Cleared
  • Monthly HOA Calculated: 215
  • Residence: Land Only
  • Road Access: City Street
  • Road Surface: Blacktop
  • Utilities To Site: Electricity, Phone, Sewer, Tv Cable, Underground, Utilities, Water
  • Section Subdivision: Caribbean Cove
  • Special Features: None
  • Property Sub Type: LotsLands

Garage/Parking

  • Type: Residential Lot

Utilities

  • Sewer: Public
  • 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 Business 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
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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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 Type Sale Price Title Company
Warranty Deed $675,000 --
Warranty Deed $320,000 --
Warranty Deed $24,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $425,000 New Conventional
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
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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1403159

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 and is currently priced at $24,500, approximately $9 per square foot. 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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