$3,500,000
SOLD AUG 3, 2023
12 Beds
8 Baths
12,714 Sq Ft
0.33 Acres

Recently Sold

$275 Per Sq Ft

12% Below List Price

22 Days on Market

Highlights

  • Direct Ocean View
  • Community Pool
  • Rectangular Lot
  • Ocean Drive Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of October 2024

CALLING ALL INVESTORS!! Welcome to the epitome of coastal luxury living at this breathtaking Oceanfront multi-family property in North Myrtle Beach, SC - there is nothing quite like this in this area. This exclusive investment opportunity offers a remarkable collection of four immaculately designed units, boasting a total of 26 bedrooms, 24 full baths, and 4 half baths. With its prime location right on the oceanfront, this property provides an unparalleled experience for both residents and guests. The crown jewels of this extraordinary property are the two stunning oceanfront units. Each oceanfront unit features an impressive layout of 6 bedrooms and 6.5 baths, offering an abundance of space for relaxation and entertainment. The elegant LVP flooring and contemporary furnishings exude a sense of modern sophistication, while the quartz countertops in two of the units add a touch of luxury to the gourmet kitchens. Adjacent to the oceanfront units, you'll find two equally remarkable ocean view units. These luxurious havens boast 7 bedrooms and 6.5 baths each, ensuring that every resident enjoys the utmost comfort and privacy. Bask in the mesmerizing vistas of the sun-kissed coastline from the expansive windows or unwind on the spacious balconies, taking in the beauty of the surrounding landscape. No expense has been spared in the renovation of this prestigious property. A brand-new roof offers peace of mind and ensures that this investment is built to last. The pool has been upgraded to a saltwater oasis, providing a refreshing escape from the summer heat. The meticulous attention to detail extends throughout the property, with exquisite finishes and high-end features that contribute to the luxury modern feel. With its impressive capacity to sleep up to 64 people, this property presents an extraordinary income-generating opportunity. Imagine hosting large groups or accommodating multiple families in this unparalleled coastal retreat. Whether it's a dream vacation or a long-term stay, guests will revel in the unrivaled ambiance and world-class amenities that this property offers. Don't miss out on the chance to own a piece of paradise and secure an investment that embodies coastal opulence. Immerse yourself in the beauty of the ocean, embrace the serene lifestyle, and revel in the boundless potential of this elite Oceanfront multi-family property. *Pictures of all 4 units available*

Last Agent to Sell the Property

Mary Richards

SERHANT License #112267 Listed on: 06/08/2023

Last Buyer's Agent

Liat Edri

Realty ONE Group Dockside License #59354

Realty ONE Group Dockside

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2005

Home Design

  • Brick Exterior Construction
  • Raised Foundation
  • Wood Frame Construction

Interior Spaces

  • 12,714 Sq Ft Home
  • Direct Ocean Views

Schools

  • Ocean Drive Elementary School
  • North Myrtle Beach Middle School
  • North Myrtle Beach High School

Additional Features

  • Rectangular Lot
  • East of US 17
  • Central Heating and Cooling System

Community Details

Overview

  • 4 Units
  • Sea Creatures Escape Condos

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Amenities Available: Long Term Rental Allowed, Pool, Short Term Rental Allowed
  • Estimated Year Built: 2005
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 06/08/2023
  • Sold Total Heated Sq Ft: 12714
  • Sold Total Sq Ft: 16916
  • Total Heated Sq Ft: 12714
  • Complex Name: Sea Creatures Escape
  • Safety Features: Smoke/Heat Detector, Sprinkler System
  • Utilities Owner Pays: Electric, Trash, Water/Sewer
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2005

Interior Features

  • Total Sq Ft: 16916

Exterior Features

  • Exterior Finish: Brick Veneer, Wood Frame
  • Foundation: Raised Beach

Garage/Parking

  • Type: Quad

Utilities

  • Heating Cooling: Central Air, Central Heat

Schools

  • Elementary School: Ocean Drive Elementary
  • Middle School: North Myrtle Beach Middle School
  • High School: North Myrtle Beach High School

Lot Info

  • Lot Location: East Of Bus. 17, Oceanfront
  • Zoning: R-4

Multi Family

  • Number Of Units: 4

MLS Schools

  • Elementary School: Ocean Drive Elementary
  • HighSchool: North Myrtle Beach High School
  • Middle School: North Myrtle Beach Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Aug 20, 2024
Sold by
Maron Eran
Bought by
Tessera Adamas Llc
Seller's Agent
Liat Edri
Realty ONE Group Dockside
Buyer's Agent
Logan Rouse
Realty ONE Group Dockside
List Price
$4,290,000
Sold Price
$4,240,000
Premium/Discount to List
-$50,000
-1.17%
Views
50

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.22%
Original Mortgage
$3,000,000
Outstanding Balance
$2,982,531
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$1,297,387

Purchase Details

Listed on
Jun 8, 2023
Closed on
Jul 28, 2023
Sold by
Jackson Nguyen Llc
Bought by
Maron Eran and Maron Jennifer R
Seller's Agent
Mary Richards
SERHANT
Buyer's Agent
Liat Edri
Realty ONE Group Dockside
List Price
$3,987,000
Sold Price
$3,500,000
Premium/Discount to List
-$487,000
-12.21%
Views
162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.49%

Purchase Details

Closed on
Jun 1, 2021
Sold by
Harrelle Preston Brett
Bought by
Jackson Nguyen Llc

Purchase Details

Closed on
Jul 27, 2010
Sold by
Drake Rachel C
Bought by
Num 927 South Ocean Boulevard Llc

Purchase Details

Closed on
Dec 3, 2003
Sold by
Edge Ronald H
Bought by
Thomas Charles Gregory and Thomas Lisa Claire

Purchase Details

Closed on
May 4, 1998
Sold by
Edge Edgar Eugene
Bought by
Edge Ronald H
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $4,240,000 --
Warranty Deed $3,500,000 --
Warranty Deed $2,200,000 --
Deed -- --
Warranty Deed $1,200,000 --
Legal Action Court Order $295,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,000,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 For Sale $8,900,000 +270.8% $626 / Sq Ft
06/05/2025 06/05/25 For Sale $2,400,000 -43.4% $690 / Sq Ft
10/11/2024 10/11/24 Sold $4,240,000 -1.2% $333 / Sq Ft
05/17/2024 05/17/24 For Sale $4,290,000 +22.6% $337 / Sq Ft
08/03/2023 08/03/23 Sold $3,500,000 -12.2% $275 / Sq Ft
06/08/2023 06/08/23 For Sale $3,987,000 -- $314 / 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 -- $145,397 $67,500 $77,897
2023 $0 $145,397 $67,500 $77,897
2021 $30,827 $172,266 $67,500 $104,766
2020 $32,541 $172,266 $67,500 $104,766
2019 $31,392 $172,266 $67,500 $104,766
2018 $0 $126,432 $67,500 $58,932
2017 $28,674 $126,432 $67,500 $58,932
2016 -- $126,432 $67,500 $58,932
2015 $28,421 $126,432 $67,500 $58,932
2014 $27,511 $126,432 $67,500 $58,932
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2311340

Coastal Carolinas Association of REALTORS®

APN: 35712030042