5501 N Ocean Blvd Unit 402 Myrtle Beach, SC 29577
Grande Dunes NeighborhoodEstimated Value: $465,000 - $484,000
3
Beds
2
Baths
1,458
Sq Ft
$825/mo
HOA Fee
Highlights
- Unit is on the top floor
- End Unit
- Community Pool
- Main Floor Primary Bedroom
- Furnished
- 1-minute walk to Gardens By The Sea
About This Home
As of February 2023TOP FLOOR, END UNIT, STUNNING VIEWS, ELEVATOR, UNIQUE BUILDING! Located in the sweet spot where the "Golden Mile" meets the "Cabana District", The Drayton House unit 402 delivers on all the boxes on your beach home checklist! Not very often will you find a building that would make an ideal primary residence, a perfect home away from home, or an income producing investment property. As you enter into foyer you will immediately be aware that this is not your typical cookie cutter unit. This highly functional floor plan gives ample living space, a split bedroom plan, and always makes the jaw dropping views the star! A spacious kitchen with customs cabinets, tile backsplash, and a breakfast bar. The oversized balcony, that can be accessed from the master bedroom and the main living area, on this unit was made for enjoying sunrises and sunsets and the views this unit provides are hard to beat. There are only 8 units in this building and this end unit provides bay windows in the dining area and bedrooms for lots of natural light and the top floor guarantees that you have no neighbors above you. This unique area of the beach is infamous for active residents and renters alike, with great walking areas with fitness equipment along Ocean Boulevard.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,920
Year Built
- Built in 1983
Lot Details
- 0.37
HOA Fees
- $825 Monthly HOA Fees
Parking
- Assigned Parking
Home Design
- Brick Exterior Construction
- Slab Foundation
- Tile
Interior Spaces
- 1,458 Sq Ft Home
- Furnished
- Ceiling Fan
- Window Treatments
- Combination Dining and Living Room
- Vinyl Flooring
- Washer and Dryer
Kitchen
- Breakfast Bar
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- 2 Full Bathrooms
Schools
- Myrtle Beach Elementary School
- Myrtle Beach Middle School
- Myrtle Beach High School
Utilities
- Central Heating and Cooling System
- Water Heater
- High Speed Internet
Additional Features
- Balcony
- End Unit
- Unit is on the top floor
Community Details
Overview
- Association fees include electric common, water and sewer, trash pickup, elevator service, pool service, landscape/lawn, insurance, manager, common maint/repair, pest control
- Mid-Rise Condominium
Amenities
- Door to Door Trash Pickup
- Elevator
Recreation
- Community Pool
Pet Policy
- Only Owners Allowed Pets
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 14, 2023
Closed on
Feb 7, 2023
Sold by
Ready Investors Llc
Bought by
Batchelder Sara Jackson
Seller's Agent
Justin Thompson
INNOVATE Real Estate
Buyer's Agent
Robert Dicks
CB Sea Coast Advantage MB
List Price
$449,900
Sold Price
$460,000
Premium/Discount to List
$10,100
2.24%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,160
Avg. Annual Appreciation
1.81%
Purchase Details
Closed on
Jun 4, 2021
Sold by
Harris Brenda H
Bought by
Ready Investors Llc
Purchase Details
Listed on
Jan 25, 2021
Closed on
Mar 4, 2021
Sold by
Cronin Robert G
Bought by
Harris Brenda H and Harris Oliver B
Seller's Agent
Natalie LaBruce
RE/MAX Southern Shores
Buyer's Agent
Christine Howard
Fnis Blac Knight MLS Solutions
List Price
$350,000
Sold Price
$356,000
Premium/Discount to List
$6,000
1.71%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.31%
Original Mortgage
$320,400
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 28, 2008
Sold by
Battle Randolph W
Bought by
Cronin Robert G
Purchase Details
Closed on
May 11, 2005
Sold by
Fales Elizabeth J and Gene T Fales Revocable Inter V
Bought by
Battle Randolph W and Battle Susan B
Purchase Details
Closed on
Jan 18, 2002
Sold by
Foster James H and Foster Patricia M
Bought by
Fales Gene T
Purchase Details
Closed on
Oct 25, 2001
Sold by
Donkle Norma J
Bought by
Dean Barbara L
Purchase Details
Closed on
Apr 14, 2000
Sold by
Waldrop Thomas W
Bought by
Foster James H and Foster Patricia M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.75%
Mortgage Type
Unknown
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Similar Homes in Myrtle Beach, SC
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Batchelder Sara Jackson | $460,000 | -- | |
| Ready Investors Llc | -- | -- | |
| Harris Brenda H | $356,000 | -- | |
| Cronin Robert G | $435,000 | -- | |
| Battle Randolph W | $375,000 | -- | |
| Fales Elizabeth J | -- | -- | |
| Fales Gene T | $195,000 | -- | |
| Dean Barbara L | $200,000 | -- | |
| Foster James H | $180,700 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Harris Brenda H | $320,400 | |
| Previous Owner | Cronin Karen D | $174,600 | |
| Previous Owner | Battle Randolph W | $800,000 | |
| Previous Owner | Foster James H | $120,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/10/2023 02/10/23 | Sold | $460,000 | +2.2% | $316 / Sq Ft |
| 01/14/2023 01/14/23 | For Sale | $449,900 | +26.4% | $309 / Sq Ft |
| 03/05/2021 03/05/21 | Sold | $356,000 | +1.7% | $244 / Sq Ft |
| 01/25/2021 01/25/21 | For Sale | $350,000 | -- | $240 / Sq Ft |
Source: Coastal Carolinas Association of REALTORS®
Tax History Compared to Growth
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 | $6,920 | $26,250 | $0 | $26,250 |
| 2023 | $6,920 | $26,250 | $0 | $26,250 |
| 2021 | $5,674 | $26,250 | $0 | $26,250 |
| 2020 | $3,165 | $26,250 | $0 | $26,250 |
| 2019 | $3,165 | $26,250 | $0 | $26,250 |
| 2018 | $0 | $18,690 | $0 | $18,690 |
| 2017 | $2,809 | $10,680 | $0 | $10,680 |
| 2016 | -- | $10,680 | $0 | $10,680 |
| 2015 | $2,777 | $18,690 | $0 | $18,690 |
| 2014 | $2,700 | $10,680 | $0 | $10,680 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Thompson
Seller's Agent in 2023
Justin Thompson
INNOVATE Real Estate
(843) 798-2652
5 in this area
232 Total Sales
-
Robert Dicks
Buyer's Agent in 2023
Robert Dicks
CB Sea Coast Advantage MB
(843) 997-7149
97 Total Sales
-
Natalie LaBruce
Seller's Agent in 2021
Natalie LaBruce
RE/MAX
(760) 845-6507
45 in this area
144 Total Sales
-
Christine Howard
Buyer's Agent in 2021
Christine Howard
Fnis Blac Knight MLS Solutions
(843) 467-8880
6 in this area
182 Total Sales
Map
Source: Coastal Carolinas Association of REALTORS®
MLS Number: 2300895
APN: 42115030065
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.
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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