Ocean Reef A Seaside Resort 7100 N Ocean Blvd Unit 516 Ocean Reef Resor Myrtle Beach, SC 29572
Estimated Value: $291,387 - $345,000
2
Beds
2
Baths
951
Sq Ft
$921/mo
HOA Fee
Highlights
- Clubhouse
- Furnished
- Solid Surface Countertops
- Community Indoor Pool
- Lawn
- Elevator
About This Home
As of June 2021RARE 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!
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
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
Fnis Blac Knight MLS Solutions
Buyer's Agent
Jerry Pinkas Team
Fnis Blac Knight MLS Solutions
List Price
$234,975
Sold Price
$228,500
Premium/Discount to List
-$6,475
-2.76%
Total Days on Market
4
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
$87,847
Avg. Annual Appreciation
8.70%
Original Mortgage
$168,750
Outstanding Balance
$154,764
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$161,583
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
Fnis Blac Knight MLS Solutions
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 |
|---|---|---|---|
| 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
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
137 Total Sales
-
Jerry Pinkas Team
Buyer's Agent in 2021
Jerry Pinkas Team
Jerry Pinkas R E Experts
(843) 839-9870
948 Total Sales
-
Seller's Agent in 2018
Shannon Thompson
KingOne Properties, LLC
(386) 290-9866
84 Total Sales
About Ocean Reef A Seaside Resort
Map
Source: Coastal Carolinas Association of REALTORS®
MLS Number: 2110434
APN: 42105020172
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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