$4,240,000
SOLD OCT 11, 2024
12 Beds
8 Baths
12,714 Sq Ft
0.33 Acres

Recently Sold

$333 Per Sq Ft

1% Below List Price

25 Days on Market

Highlights

  • Direct Ocean View
  • Private Beach
  • Laundry Room
  • Ocean Drive Elementary School Rated A
  • Community Pool
  • Central Heating and Cooling System

About This Home

As of October 2024

INVESTORS ALERT! Welcome to the Coastal Luxury Living at this one-of-a-kind breathtaking Oceanfront Quad property in North Myrtle Beach, South Carolina. This exclusive investment opportunity offers a remarkable collection of four immaculately designed extra-large units and a prime location right on the oceanfront. The property offers a unique experience for both the owner and his guests. The highlight of this extraordinary property are the two stunning oceanfront units. Each oceanfront unit features an impressive and open concept layout of 6-bedrooms and 6.5- baths. The multiple ocean front balconies and large windows offer magnificent views and multiple spaces for relaxation and entertainment. The elegant LVP flooring and contemporary furnishings compliment the modern and sophisticated design, while the quartz countertops add a touch of luxury to the gourmet kitchens. Adjacent to the oceanfront units, there are two equally remarkable ocean-view units. These luxurious havens offer 7-bedrooms and 6.5-baths each, ensuring every resident enjoys maximum comfort and privacy. Enjoy the mesmerizing views of the Grand Strand coastline from the large windows or unwind on the spacious balconies, taking in the beauty of the surrounding landscape. No expense has been spared in the upgrading of this prestigious property. The New Roof offers peace of mind, and the oceanfront pool has been upgraded to a saltwater oasis, providing a refreshing escape in the hot summer days. The list of upgrades is long and will be provided.The meticulous attention to detail extends throughout the property, and contribute to the luxury modern feel. With an impressive capacity to accomodate 64 people, this property presents an extraordinary income-generating opportunity. Hosting large groups or accommodating multiple families in this unparalleled coastal retreat are easy to do. The amazing Oceanfront Pool and the private covered parking will only add to the experience. Whether it's a dream vacation or a long-term stay, this property has it all. Don't miss out on the chance to own a piece of paradise and secure an investment in the #1 growing county in the nation and one of the most loved resort areas in the Southeast. Embrace the beauty of the ocean, and the Salty lifestyle! Short Term and Long Term Rental is allowed. No HOA!

Last Agent to Sell the Property

Liat Edri

Realty ONE Group Dockside License #59354 Listed on: 05/17/2024

Realty ONE Group Dockside

Last Buyer's Agent

Logan Rouse

Realty ONE Group Dockside License #131963

Realty ONE Group Dockside

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2005

Lot Details

  • Private Beach
  • Rectangular Lot

Home Design

  • Brick Exterior Construction
  • Raised Foundation
  • Block Exterior
  • Siding

Interior Spaces

  • 12,714 Sq Ft Home
  • Direct Ocean Views
  • Laundry Room

Location

  • East of US 17

Schools

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

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • 4 Units
  • Beach Paradise Condos

Recreation

  • Community Pool

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Multi-Family

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Lot Description: Rectangular
  • Amenities Available: Pool, Laundry Room, Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Pet, Private Beach Comm Access
  • Estimated Year Built: 2005
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 05/20/2024
  • Sold Total Heated Sq Ft: 12714
  • Sold Total Sq Ft: 16916
  • Total Heated Sq Ft: 12714
  • Complex Name: Beach Paradise
  • Misc Structural: Central Cable Tv, Cntrl Water Heater, Elevator, Individual Water Heater
  • 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: Block, Brick Veneer, Siding
  • Foundation: Raised Beach

Garage/Parking

  • Type: Quad

Utilities

  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Underground Utilities, Water Public
  • Heating Cooling: Central Air, Central Heat, Electric

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, Inside City Limits, 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:

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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 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

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2412267

Coastal Carolinas Association of REALTORS®

APN: 35712030042