NOT LISTED FOR SALE

Ocean Reef A Seaside Resort 7100 N Ocean Blvd Unit 522 Ocean Reef South Myrtle Beach, SC 29572

Grande Dunes Neighborhood

Estimated Value: $177,000 - $234,306

1 Bed
1 Bath
929 Sq Ft
$1,099/mo HOA Fee

Last Sold May 16, 2024

Last sale price $180,000 $194 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,431/month

6 Days on Market

Highlights

  • Private Beach
  • Sitting Area In Primary Bedroom
  • Furnished
  • Spa
  • End Unit
  • Elevator

About This Home

As of May 2024

Here it is! A great value on an incredibly spacious, fully furnished and equipped true 1 Bedroom, 1 Bath Oceanview End Unit Condo in the much sought after Ocean Reef Resort! Both the Living area And the Bedroom have sizable balconies with fantastic southern oceanviews - especially great for those who want to sleep in a little, enjoy coffee/breakfast on a shaded balcony, bask in the direct sunshine all afternoon, and then as evening falls, enjoy the colors of sunset from that same location! Entering through the foyer, there's a place to drop off shoes and hang towels as well as a closet which is used as a locked owners closet but could also be a pantry area. The kitchen is fully equipped with a complete set of full-size appliances, tile floors and coordinating backsplash. The oversized bathroom is totally glammed out with floor to ceiling tile and is accessible from the Bedroom as well as from the living area! This unit can host large families and/or additional guests on the sleeper sofa and murphy bed! Ocean Reef is a fantastic resort located in an upscale area with access to some of the very best restaurants, shopping and activities that the northern section of Myrtle Beach has to offer! This Resort brings in vacationers as well as large groups - there's something for everyone - conference space, exercise room, sundries/gift shop, gaming areas, onsite bar and restaurant, plus water amenities galore including a waterpark, lazy river, indoor and outdoor pools and hot tubs! Don't miss your chance to own here as we go into the peak rental season!!

Last Listed By

Jane Daniel

Sea Oats Real Estate License #82995 Listed on: 04/11/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,887

Year Built

  • Built in 2006

Lot Details

  • Private Beach
  • End Unit

HOA Fees

  • $1,099 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Steel Siding
  • Tile

Interior Spaces

  • 929 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Insulated Doors
  • Entrance Foyer
  • Dining Area

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Sitting Area In Primary Bedroom
  • 1 Full Bathroom
  • Single Vanity
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

Outdoor Features

  • Spa
  • Wood patio

Schools

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

Utilities

  • Central Heating and Cooling System
  • Water Heater

Community Details

Overview

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

Amenities

  • Elevator

Recreation

Pet Policy

  • Only Owners Allowed Pets

Security

  • Storm Windows
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,887

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,099 per month

Listing Details

  • Unit Location: Oceanview-Unit, End Unit
  • Amenities Available: Pool-Outdoor Community, Owner Allowed Pet, Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcycle, Lazy River, Private Beach Comm Access
  • Estimated Year Built: 2006
  • Class: Condo/Townhouse
  • Construction Status: Resale
  • Floor Cover: Tile, Wood
  • HOA Fee Frequency: Monthly
  • Heating And Cooling: Central Heat, Central Air
  • Monthly HOA as Calculated: 1099
  • HOA Management Company: Ally 843-497-3555
  • Lvt Date: 04/11/2024
  • Sold Total Heated Sq Ft: 929
  • Sold Total Sq Ft: 929
  • Total Heated Sq Ft: 929
  • Building Style: Hi-Rise 7+ Stories
  • Building Location: Oceanfront-Building, East Of Bus 17, East Of Highway 17 Bypass
  • Exterior Unit Features: Balcony, Elevator-Exterior, Insulated Doors/Windows, Spa/Hot Tub, Storm Doors, Storm Windows
  • Gross Annual Rental Incom: $36K
  • 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: 2006

Interior Features

  • Furnished: Yes
  • Interior Amenities: Wind Treat. Convey, Washer/Dryer, Wshr/Dryer Connection, Furnished, Enter Through Foyer
  • Other Rooms: Foyer, Laundry/Utility
  • Primary Bathroom: Vanity, Tub/Shower Combo
  • Kitchen Type: Dishwasher, Refrigerator, Range, Oven, Microwave, Pantry
  • Master Bedroom Type: Ceiling Fan, Sitting Area
  • Bedrooms: 1
  • Dining Room Type: Area
  • Full Bathrooms: 1
  • Levels: Single Level
  • Total Sq Ft: 929

Exterior Features

  • Exterior Finish: Concrete/Steel

Garage/Parking

  • Type: Condo
  • Parking: Parking Deck

Utilities

  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fee Includes: Electric Common, Water And Sewer, Trash Pickup, Elevator Service, Pool Service, Landscape/Lawn, Insurance, Manager, Security, Rec. Facilities, Legal And Accounting, Master Antenna/Cable Tv, Common Maint/Repair, Electric In Unit, Recycling, Internet Access, 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
Apr 11, 2024
Closed on
May 15, 2024
Sold by
Thompson Glenn William
Bought by
Byars Cherry Norman
Seller's Agent
Jane Daniel
Sea Oats Real Estate
Buyer's Agent
Derek Fairfax
CENTURY 21 Thomas
List Price
$190,000
Sold Price
$180,000
Premium/Discount to List
-$10,000
-5.26%
Total Days on Market
6
Views
40
Current Estimated Value
$196,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,827
Avg. Annual Appreciation
9.35%

Purchase Details

Listed on
May 6, 2022
Closed on
Dec 19, 2022
Sold by
Ocean Reef Resort Holdings Llc
Bought by
Thompson Glenn William and Thompson Karolyn
Seller's Agent
Bradley Bennett
Ocean Front Guru Real Estate
Buyer's Agent
Jane Daniel
Sea Oats Real Estate
List Price
$204,900
Sold Price
$180,000
Premium/Discount to List
-$24,900
-12.15%
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$144,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2021
Sold by
Martinique Investors Llc
Bought by
Ocean Reef Resort Holdings Llc

Purchase Details

Listed on
Mar 12, 2015
Closed on
May 22, 2015
Sold by
Clinger Robert M
Bought by
Martinique Investors Llc
Seller's Agent
Bradley Bennett
Ocean Front Guru Real Estate
Buyer's Agent
Bradley Bennett
Ocean Front Guru Real Estate
List Price
$185,000
Sold Price
$160,000
Premium/Discount to List
-$25,000
-13.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.10%

Purchase Details

Closed on
Jul 8, 2003
Sold by
Winchester Oceanfront Corp
Bought by
Clinger Robert M

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
Byars Cherry Norman $180,000 --
Thompson Glenn William $180,000 --
Ocean Reef Resort Holdings Llc -- --
Martinique Investors Llc $160,000 --
Clinger Robert M $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thompson Glenn William $144,000
Previous Owner Clinger Robert M $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2024 05/16/24 Sold $180,000 -5.3% $194 / Sq Ft
04/11/2024 04/11/24 For Sale $190,000 +5.6% $205 / Sq Ft
12/19/2022 12/19/22 Sold $180,000 -7.6% $194 / Sq Ft
05/26/2022 05/26/22 Price Changed $194,900 -4.9% $210 / Sq Ft
05/06/2022 05/06/22 For Sale $204,900 +28.1% $221 / Sq Ft
05/22/2015 05/22/15 Sold $160,000 -13.5% $267 / Sq Ft
05/08/2015 05/08/15 Pending -- -- --
03/12/2015 03/12/15 For Sale $185,000 -- $308 / 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 $2,887 $15,750 $0 $15,750
2023 $2,887 $15,750 $0 $15,750
2021 $3,567 $15,750 $0 $15,750
2020 $2,319 $15,750 $0 $15,750
2019 $2,319 $15,750 $0 $15,750
2018 $0 $16,380 $0 $16,380
2017 $2,462 $9,360 $0 $9,360
2016 -- $9,360 $0 $9,360
2015 $2,340 $15,750 $0 $15,750
2014 $409 $9,000 $0 $9,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2408857

Coastal Carolinas Association of REALTORS®

APN: 42105020178