NOT LISTED FOR SALE

5501 N Ocean Blvd Unit 402 Myrtle Beach, SC 29577

Grande Dunes Neighborhood

Estimated Value: $460,000 - $487,040

3 Beds
2 Baths
1,458 Sq Ft
$825/mo HOA Fee

Last Sold February 10, 2023

Last sale price $460,000 $316 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,931/month

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 2023

TOP 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.

Last Agent to Sell the Property

Justin Thompson

INNOVATE Real Estate License #86841 Listed on: 01/14/2023

INNOVATE Real Estate

Last Buyer's Agent

Robert Dicks

CB Sea Coast Advantage MB License #8330

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

  • Entry on the 4th floor
  • 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

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,920

Year Built

Built in 1983

Lot Details

0

HOA Fees

$825 per month

Listing Details

  • Lot Description: Rectangular
  • Unit Location: Oceanview-Unit, End Unit, Top Floor
  • Amenities Available: Pool-Outdoor Community, Restrictions, Seller Disclosure, Owner Allowed Pet, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed, Trash Pickup, Internet Access
  • Estimated Year Built: 1983
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Vinyl, Tile
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Heat, Central Air, Electric
  • Monthly HOA as Calculated: 825
  • HOA Management Company: Myrtle Beach Realty (843)238-5185
  • Living Room Type: Ceiling Fan
  • Lvt Date: 01/14/2023
  • Sold Total Heated Sq Ft: 1458
  • Sold Total Sq Ft: 1540
  • Total Heated Sq Ft: 1458
  • Building Style: Mid-Rise 4-6 Stories
  • Building Location: Oceanview-Building, Inside City Limits, East Of Bus 17
  • Exterior Unit Features: Balcony, Elevator-Exterior
  • HOA Fees include insurance: Yes
  • Project Section Code: Drayton House
  • Rental Mgmt Contract: Yes
  • Which Floor: 04
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1983

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey, Split Bedroom Plan, Washer/Dryer, Wshr/Dryer Connection, Furnished, Enter Through Foyer
  • Kitchen Type: Dishwasher, Refrigerator, Range, Breakfast Bar, Microwave
  • Master Bedroom Type: 1st Flr Level, Ceiling Fan
  • Bedrooms: 3
  • Dining Room Type: Area, Lvr/Dr Combo
  • Full Bathrooms: 2
  • Levels: Single Level
  • Total Sq Ft: 1540

Exterior Features

  • Exterior Finish: Brick Veneer
  • Foundation: Slab

Garage/Parking

  • Type: Condo
  • Parking: Assigned

Utilities

  • Water Heater: Electric
  • Utilities Available: Electricity

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Insurance, Manager, Common Maint/Repair, Pest Control

Schools

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

Lot Info

  • Zoning: MF

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

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
$477,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,010
Avg. Annual Appreciation
1.78%

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
Grand Strand Coastal Realty
Buyer's Agent
Christine Howard
CRG Homes
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
6.86%
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
Source: Public Records

Range of Values:

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Average Value
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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
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 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

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 $6,920 $27,180 $0 $27,180
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

    229 Total Sales

    Justin Thompson
    Section Image
  • Robert Dicks

    Buyer's Agent in 2023

    Robert Dicks

    CB Sea Coast Advantage MB

    (843) 997-7149

    10 in this area

    89 Total Sales

    Robert Dicks
    Section Image
  • Natalie LaBruce

    Seller's Agent in 2021

    Natalie LaBruce

    Grand Strand Coastal Realty

    (760) 845-6507

    44 in this area

    140 Total Sales

    Natalie LaBruce
    Section Image
  • Christine Howard

    Buyer's Agent in 2021

    Christine Howard

    CRG Homes

    (843) 467-8880

    7 in this area

    188 Total Sales

    Christine Howard
    Section Image
See All Agents

Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2300895

Coastal Carolinas Association of REALTORS®

APN: 42115030065

South Carolina Horry County Myrtle Beach 29577 Grande Dunes

5501 N Ocean Blvd Unit 402, Myrtle Beach, SC

This home is located at 5501 N Ocean Blvd Unit 402, Myrtle Beach, SC 29577 since 14 January 2023 and is currently estimated at $477,010, approximately $327 per square foot. This property was built in 1983. 5501 N Ocean Blvd Unit 402 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.

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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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