NOT LISTED FOR SALE

Ocean Reef A Seaside Resort 7100 N Ocean Blvd Unit 516 Ocean Reef Resor Myrtle Beach, SC 29572

Grande Dunes Neighborhood

Estimated Value: $277,012 - $332,000

2 Beds
2 Baths
951 Sq Ft
$921/mo HOA Fee

Last Sold June 23, 2021

Last sale price $228,500 $240 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,969/month

4 Days on Market

Highlights

  • Clubhouse
  • Furnished
  • Solid Surface Countertops
  • Community Indoor Pool
  • Lawn
  • Elevator

About This Home

As of June 2021

RARE 2 bedroom / 2 bath condo NOW for sale in the uber-popular Ocean Reef Resort in Myrtle Beach, SC. There are only 13 of these two bedroom condos in the resort so these rarely come for sale. # 516 Ocean Reef is ideally located on the 5th floor (not too high, not too low) and has excellent DIRECT OCEANFRONT VIEWS. This beautiful condo has been upgraded over the years and features: Granite kitchen counter tops and granite sink tops in both bathrooms; a full kitchen with raised-panel cabinets with bronzed knobs, full size refrigerator, stove/oven, microwave, undermount sink with goose-neck faucet, and a tiled backsplash; NEW HVAC in Oct 2019; new sofa and new mattresses in 2015, and 2 new 43" TV's (1 in 2020 and 1 in March 2021); Washer/dryer inside the condo; new triple-sheet bedding in both bedrooms; 2 double beds in the guest bedroom and a queen bed in the owner's suite; designer berber carpeting in the bedrooms, tiled floors in the kitchen, entry, and baths, and wood-look laminate in the living room; a sleeper sofa; crown molding in the living room; framed mirrors and decorative lighting fixtures in both bathrooms, and tub/shower combos in both bathrooms. You also have a nice-sized balcony with amazing ocean views. If you DO decide to leave your gorgeous condo, Ocean Reef Resort has every amenity you should expect in your next vacation retreat, including: Water park with water slides; outdoor and indoor pools, hot tubs, and lazy river; Breakfast restaurant; bar/lounge; sundry shop; arcade; fitness center; gift shop; and outdoor tiki bar (in season). Finally, it doesn't hurt that these 2 BR condos are some of the highest grossing rental income producing condos we have anywhere in this area. So, go ahead and treat yourself and finally purchase an excellent condo with all of the bells-and-whistles you deserve!

Last Agent to Sell the Property

Mark Loomis

INNOVATE Real Estate License #17941 Listed on: 05/11/2021

INNOVATE Real Estate

Last Buyer's Agent

Jerry Pinkas Team

Jerry Pinkas R E Experts

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,865

Year Built

  • Built in 2002

Lot Details

  • 8,756

HOA Fees

  • $921 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Steel Siding
  • Tile

Interior Spaces

  • 951 Sq Ft Home
  • Furnished
  • Window Treatments
  • Combination Dining and Living Room
  • Washer and Dryer

Kitchen

  • Breakfast Bar
  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Lawn

Community Details

Overview

  • Association fees include electric common, water and sewer, trash pickup, elevator service, pool service, landscape/lawn, insurance, manager, rec. facilities, legal and accounting, master antenna/cable TV, common maint/repair, electric in unit, internet access
  • High-Rise Condominium

Amenities

  • Door to Door Trash Pickup
  • Elevator

Recreation

Pet Policy

  • Only Owners Allowed Pets

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,865

Year Built

Built in 2002

Lot Details

0

HOA Fees

$921 per month

Listing Details

  • Unit Location: Oceanview-Unit
  • Amenities Available: Clubhouse/Rec/Facilities, Pool-Outdoor Community, Restrictions, Seller Disclosure, Owner Allowed Pet, Home Owners Assn Fee, Short Term Rental Allowed, Long Term Rental Allowed, Trash Pickup, Cable Tv, Internet Access, Lawn Maintenance, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Lazy River, Pool-Indoor Community
  • Estimated Year Built: 2002
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Carpeting, Tile, Laminate
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Heat, Central Air, Electric
  • Monthly HOA as Calculated: 921
  • HOA Management Company: Ally - 843-497-3555
  • Lvt Date: 05/11/2021
  • Sold Total Heated Sq Ft: 951
  • Sold Total Sq Ft: 1000
  • Total Heated Sq Ft: 951
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, Inside City Limits, East Of Bus 17
  • Exterior Unit Features: Balcony, Elevator-Exterior
  • Gross Annual Rental Incom: $43,954.59 (2019)
  • HOA Fees include insurance: Yes
  • HOA Fees include insurance: Yes
  • Project Section Code: Ocean Reef South Tower
  • Rental Mgmt Contract: Yes
  • Which Floor: 05
  • Geo Subdivision: SC
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2002

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey, Fire Sprinkler, Smoke Detector, Washer/Dryer, Wshr/Dryer Connection, Furnished, Enter Through Foyer
  • Primary Bathroom: Tub/Shower Combo
  • Kitchen Type: Dishwasher, Refrigerator, Range, Breakfast Bar, Oven, Microwave, Range Hood, Solid Surface Countertops
  • Bedrooms: 2
  • Dining Room Type: Lvr/Dr Combo
  • Full Bathrooms: 2
  • Levels: Single Level
  • Total Sq Ft: 1000

Exterior Features

  • Exterior Finish: Concrete/Steel

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Insurance, Manager, Rec. Facilities, Legal And Accounting, Master Antenna/Cable Tv, Common Maint/Repair, Electric In Unit, Internet Access

Schools

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

Lot Info

  • Zoning: MF

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Jun 23, 2021
Sold by
Consaul Richard G
Bought by
Buatti Jacob and Buatti Jenelle
Seller's Agent
Mark Loomis
INNOVATE Real Estate
Buyer's Agent
Jerry Pinkas Team
Jerry Pinkas R E Experts
List Price
$234,975
Sold Price
$228,500
Premium/Discount to List
-$6,475
-2.76%
Current Estimated Value
$312,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,149
Avg. Annual Appreciation
7.41%
Original Mortgage
$168,750
Outstanding Balance
$153,446
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$153,307

Purchase Details

Listed on
Nov 9, 2017
Closed on
Jun 1, 2018
Sold by
Petros Andrew J
Bought by
Consaul Richard and Consaul Barbara A
Seller's Agent
Shannon Thompson
KingOne Properties, LLC
Buyer's Agent
Mark Loomis
INNOVATE Real Estate
List Price
$235,000
Sold Price
$214,999
Premium/Discount to List
-$20,001
-8.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.01%

Purchase Details

Closed on
Sep 13, 2002
Sold by
Winchester Oceanfront Corp
Bought by
Petros Andrew J and Petros Mary Joan
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
Buatti Jacob $228,500 --
Consaul Richard $214,999 --
Petros Andrew J $219,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buatti Jacob $168,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2021 06/23/21 Sold $228,500 -2.8% $240 / Sq Ft
05/11/2021 05/11/21 For Sale $234,975 +9.3% $247 / Sq Ft
06/01/2018 06/01/18 Sold $214,999 0.0% $226 / Sq Ft
05/04/2018 05/04/18 Price Changed $214,999 -8.5% $226 / Sq Ft
11/09/2017 11/09/17 For Sale $235,000 -- $247 / 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 $3,865 $21,420 $0 $21,420
2023 $3,865 $21,420 $0 $21,420
2021 $3,567 $21,420 $0 $21,420
2020 $3,154 $21,420 $0 $21,420
2019 $3,154 $21,420 $0 $21,420
2018 $0 $15,750 $0 $15,750
2017 $2,367 $9,000 $0 $9,000
2016 -- $9,000 $0 $9,000
2015 $2,340 $15,750 $0 $15,750
2014 $2,275 $9,000 $0 $9,000
Source: Public Records

Agents Affiliated with this Home

  • Mark Loomis

    Seller's Agent in 2021

    Mark Loomis

    INNOVATE Real Estate

    (843) 333-3568

    8 in this area

    128 Total Sales

    Section Image
  • Jerry Pinkas Team

    Buyer's Agent in 2021

    Jerry Pinkas Team

    Jerry Pinkas R E Experts

    (843) 839-9870

    68 in this area

    930 Total Sales

    Section Image
  • Shannon Thompson

    Seller's Agent in 2018

    Shannon Thompson

    KingOne Properties, LLC

    (386) 290-9866

    12 in this area

    81 Total Sales

    Section Image
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About Ocean Reef A Seaside Resort

Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2110434

Coastal Carolinas Association of REALTORS®

APN: 42105020172

South Carolina Horry County Myrtle Beach 29572 Grande Dunes

7100 N Ocean Blvd Unit 516 Ocean Reef Resor, Myrtle Beach, SC

This home is located at 7100 N Ocean Blvd Unit 516 Ocean Reef Resor, Myrtle Beach, SC 29572 since 11 May 2021 and is currently estimated at $306,753, approximately $322 per square foot. This property was built in 2002. 7100 N Ocean Blvd Unit 516 Ocean Reef Resor 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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