NOT LISTED FOR SALE

Estimated Value: $975,000 - $4,100,691

1.46 Acres
$1,371,523 Price per Acre
63,598 Sq Ft Lot

Last Sold April 15, 2021

Last sale price $3,000,000 $2,114 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $10,617/month

760 Days on Market

Highlights

  • Property is near a beach
  • 1.46 Acre Lot
  • Creek On Lot
  • Ocean Drive Elementary School Rated A
  • Property fronts a channel
  • Rectangular Lot

About This Lot

As of April 2021

1.46 Acre Ocean Front Hotel Site. This once is a generation opportunity is located at the end of the beautiful Cherry Grove Beach area of North Myrtle Beach. It consists of .89 acre of direct ocean front and .57 acre of second row. This property is located very close to the point. One of the few ocean front sites left in Horry County of its size that has not been developed or is not of Residential Zoning. Zoned R4 - Resort Residential: Cherry Grove's current zoning allows for a 90' tall livable space. PARKING You may build a 4-story parking deck on the Ocean Front under the 90'. One (1) parking space is required for each 1 bedroom unit, 1.5 parking spaces for a 2 bedroom unit, and 2.5 spaces for a 3 bedroom unit. There is a 15' set back on the ocean front. There are two (2) second row sites that can be used for parking, however, the buyer would need to have a re-zoning approved by City Council.

Last Agent to Sell the Property

Horonzy Group

BHHS Myrtle Beach Real Estate Listed on: 02/18/2019

BHHS Myrtle Beach Real Estate

Co-Listed By

Nigel Horonzy

BHHS Myrtle Beach Real Estate License #43538

Last Buyer's Agent

Terri M McKenzie-Parker

Tracie Ross Real Estate License #85195

Property Details

Property Type

  • Land

Lot Details

  • 1.46 Acre Lot
  • Property fronts a channel
  • Rectangular Lot
  • Cleared Lot
  • 5 Lots in the community
  • Property is zoned R4

Additional Features

  • East of US 17
  • Phone Available

Community Details

Overview

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

Recreation

  • Property is near a beach
  • Creek On Lot

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Amenities Available: Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Golf Cart, Tenant Allowed Golf Cart
  • Class: Land
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 02/26/2019
  • Estm Road Frontage: 112'
  • Additional Information: Cleared
  • Estimated Lot Size: 1-2 Acres
  • Number Of Lots: 5
  • Residence: Land Only
  • Road Access: City Street
  • Road Surface: Blacktop
  • Utilities To Site: Electricity, Gas, Water, Sewer, Phone, Tv Cable, Underground, Utilities
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Number Of Acres: 1.46

Garage/Parking

  • Type: Commercial Lot - Sale

Utilities

  • Sewer: Public
  • Water: Public

Lot Info

  • Lot Location: Inside City Limits, Ocean Front Lot, East Of Business 17, On Inlet/Creek, Ocean View Lot, Second Row Beach, On Channel, East Of Highway 17 Bypass
  • Zoning: R4

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

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $3,000,000 -21.1% $2,114 / Sq Ft
05/28/2019 05/28/19 Price Changed $3,800,000 -2.6% $2,678 / Sq Ft
02/18/2019 02/18/19 For Sale $3,900,000 -- $2,748 / 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 -- $84,150 $84,150 $0
2023 $0 $43,560 $43,560 $0
2021 $0 $43,560 $43,560 $0
2020 $0 $43,560 $43,560 $0
2019 $0 $43,560 $43,560 $0
2018 $0 $38,999 $38,999 $0
2017 $0 $38,999 $38,999 $0
2016 $0 $38,999 $38,999 $0
2015 -- $39,000 $39,000 $0
2014 -- $39,000 $39,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1904532

Coastal Carolinas Association of REALTORS®

APN: 35210020044