NOT LISTED FOR SALE

551 S Waccamaw Dr Unit "SUMMER BREEZE" Murrells Inlet, SC 29576

Garden City Beach Neighborhood

Estimated Value: $1,337,000 - $1,534,000

4 Beds
2 Baths
1,405 Sq Ft
$1,044/Sq Ft Est. Value

Last Sold January 29, 2020

Last sale price $797,500 $568 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $9,512/month

4 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Furnished
  • Waccamaw Elementary School Rated A-
  • Vaulted Ceiling
  • Solid Surface Countertops

About This Home

As of January 2020

Welcome to 'Summer Breeze', a four bedroom, two full bathroom oceanfront vacation rental home located on Garden City Beach. Home is being offered fully furnished and features an open living/dining/kitchen area. The kitchen features granite counter tops, new appliances and a breakfast bar. The living area features high vaulted ceilings, brand new leather furniture and ocean views. Two bedrooms on each side of the home with a jack & jill bathroom between each. Exterior features include concrete paved driveway and parking under the house with an enclosed storage room, enclosed outdoor shower, covered front porch and screened back porch overlooking the beach/ocean. Well maintained property with new hot water heater and HVAC! Rental ready with great rental history, set-up to accommodate up to 12 people. This home is ideally located just 0.5 miles south of the Garden City Pier. More photos coming soon!

Last Agent to Sell the Property

Dawn Gates

Sea Star Realty Sales, LLC License #56961 Listed on: 12/13/2019

Last Buyer's Agent

Steve Geng

Exit Coastal Real Estate Pros License #90523

Exit Coastal Real Estate Pros

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,129

Year Built

  • Built in 1990

Lot Details

  • 7,405 Sq Ft Lot
  • Ocean Front
  • Rectangular Lot

Parking

  • Tuck Under Parking

Home Design

  • Stilt Home
  • Raised Foundation
  • Vinyl Siding

Interior Spaces

  • 1,405 Sq Ft Home
  • Furnished
  • Vaulted Ceiling
  • Window Treatments
  • Combination Dining and Living Room
  • Ocean Views
  • Fire and Smoke Detector
  • Washer and Dryer

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Front Porch

Location

  • Flood Zone Lot
  • East of US 17

Schools

  • Waccamaw Elementary School
  • Waccamaw Middle School
  • Waccamaw High School

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • The community has rules related to allowable golf cart usage in the community

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,129

Year Built

Built in 1990

Lot Details

0

Parking

6

Listing Details

  • Lot Description: Designated Flood Zone, Rectangular
  • Four Sided Lot Measurement: 50x150x50x150
  • Amenities Available: Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Golf Cart, Tenant Allowed Golf Cart
  • Estimated Year Built: 1990
  • Class: Residential
  • Construction Status: Resale
  • Floor Cover: Carpeting, Laminate
  • HOA Fee Frequency: Does Not Have Hoa
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Living Room Type: Vaulted/Cathedral Ceiling
  • Lvt Date: 12/16/2019
  • Sold Total Heated Sq Ft: 1405
  • Sold Total Sq Ft: 2205
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 6
  • Total Heated Sq Ft: 1405
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1990

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat Convey, Smoke Detector, Wshr/Dryer Connection, Washer/Dryer, Furnished
  • Kitchen Type: Breakfast Bar, Dishwasher, Solid Surface Countertops, Microwave, Refrigerator, Range, Stainless Steel Apps.
  • Bedrooms: 4
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 2
  • Levels: Single Level
  • Total Sq Ft: 2205

Exterior Features

  • Exterior Features: Deck, Front Porch, Rear Porch
  • Exterior Finish: Vinyl Siding
  • Foundation: Raised Beach
  • Number Of Acres: 0.17

Garage/Parking

  • Type: Detached

Utilities

  • Water Heater: Electric
  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Water Public

Schools

  • Elementary School: Waccamaw Elementary School
  • Middle School: Waccamaw Middle School
  • High School: Waccamaw High School

Lot Info

  • Lot Location: Oceanfront Lot, East Of Bus 17, Oceanview Lot
  • Zoning: Res

MLS Schools

  • Elementary School: Waccamaw Elementary School
  • HighSchool: Waccamaw High School
  • Middle School: Waccamaw Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2023
Sold by
Fraioli Frank
Bought by
Ewing Linda-Sue
Current Estimated Value
$1,466,184

Purchase Details

Listed on
Dec 13, 2019
Closed on
Jan 27, 2020
Sold by
Mclean Anthony M
Bought by
Fraioli Frank
Seller's Agent
Dawn Gates
Sea Star Realty Sales, LLC
Buyer's Agent
Steve Geng
Exit Coastal Real Estate Pros
List Price
$799,000
Sold Price
$797,500
Premium/Discount to List
-$1,500
-0.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.17%
Original Mortgage
$952,600
Interest Rate
3.72%
Mortgage Type
Unknown

Purchase Details

Listed on
Jan 18, 2016
Closed on
Dec 27, 2016
Sold by
Cane Mill Associates Of Elgin Lp
Bought by
Mclean Anthony M
Seller's Agent
Cal Harrelson
Peace Sotheby's Intl Realty PI
Buyer's Agent
June Hiller
Garden City Realty, Inc
List Price
$784,000
Sold Price
$707,000
Premium/Discount to List
-$77,000
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.04%
Original Mortgage
$407,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 20, 2010
Sold by
Garden City Partners Llc
Bought by
Cane Mill Associates Of Elgin Lp

Purchase Details

Closed on
Apr 17, 2006
Sold by
Martin Horace
Bought by
Garden City Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,040,000
Interest Rate
6.31%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 14, 2004
Sold by
Twin Dunes Investments Llc
Bought by
Scalise Development Inc

Purchase Details

Closed on
Feb 28, 2002
Sold by
Get To The Point Llc
Bought by
Martin Horace

Purchase Details

Closed on
Jun 4, 1999
Sold by
Moskow Herbert A and Moskow Vee R
Bought by
Archie Jimmy Dean and Conner Timothy
Source: Public Records

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Range of Values:

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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
Ewing Linda-Sue $1,389,000 --
Fraioli Frank $797,500 None Available
Mclean Anthony M $707,000 --
Cane Mill Associates Of Elgin Lp $620,000 --
Garden City Partners Llc $1,200,000 None Available
Scalise Development Inc $341,250 --
Martin Horace $510,000 --
Archie Jimmy Dean $399,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fraioli Frank $514,007
Previous Owner Fraioli Frank $952,600
Previous Owner Mclean Anthony M $407,000
Previous Owner Cane Mill Associates Of Elgin Lp $427,434
Previous Owner Cane Mill Associates Of Elgin Lp $400,000
Previous Owner Garden City Partners Llc $2,040,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2020 01/29/20 Sold $797,500 -0.2% $568 / Sq Ft
12/13/2019 12/13/19 For Sale $799,000 +13.0% $569 / Sq Ft
01/13/2017 01/13/17 Sold $707,000 -9.8% $461 / Sq Ft
11/23/2016 11/23/16 Pending -- -- --
01/18/2016 01/18/16 For Sale $784,000 -- $511 / 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 $16,129 $60,480 $47,250 $13,230
2023 $16,129 $46,890 $39,000 $7,890
2022 $11,054 $46,890 $39,000 $7,890
2021 $10,712 $0 $0 $0
2020 $11,376 $0 $0 $0
2019 $11,371 $0 $0 $0
2018 $11,444 $0 $0 $0
2017 $10,595 $0 $0 $0
2016 $10,512 $49,920 $0 $0
2015 $10,674 $0 $0 $0
2014 $10,674 $781,400 $700,000 $81,400
2012 -- $881,900 $800,000 $81,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1926263

Coastal Carolinas Association of REALTORS®

APN: 41-0107-022-00-00