Condo: Clubhouse Villas #5922 at Tidewater Pltn.: 09/17/2012

Condo … Tax ID # 131-26-01-138
 
$89,900 … 10% ($10,050) Below Market (Avg.)
UPDATE: AS OF 9/17/12, GOING TO AUCTION. ON-LINE
BIDDING STARTS ON 9/19/12. ENDS 9/22/12.
CLICK HERE FOR DETAILS

1551 Spinnaker Dr., Clubhouse Villas #5922
Tidewater Plantation, North Myrtle Beach, SC 29582
 
2 Bedroom, 2 Bathrooms, 1175 GLA (Htd. SqFt)
Upscale golf course community with homes and condos. 15-minute drive to beach. 35 min. to airport.

Clubhouse Villas, built in the late 1990s, is located within Tidewater Plantation, an established, security-gated, upscale community on the north end of the Grand Strand. Named “Best New Course” by both Golf Digest and Golf Magazine when it opened in 1990, it was also ranked in Golfweek’s Best Courses You Can Play in 2007. The biggest complaint most people have about Tidewater is the short but necessary drive along Little River Neck Road (with many rundown properties) before reaching the entrance to Tidewater Plantation. Once you’re within Tidewater, it’s like an oasis.

 

The subject unit overlooks the golfcourse. If you’re interested, we can email you the floor plan. Besides the 2-BR sales shown below, the most recent sale we found in Clubhouse Villas was a 3-BR, 3-bath unit for $160,000 on 7/29/2011.
 
Reportedly, the HOA is involved in ongoing litigation. The specifics are unknown, but you can get details from the HOA property manager, Kendall Benjamin, at Chicora (843-272-8700). As a result of this litigation, most traditional mortgage lenders will not finance loans in this project until it’s resolved.
 
Auction Info: Contact Homepath for financing options: 866-620-4195

 
Clubhouse Villas #5922, 2 BR/2 Bath, 1175 GLA, listed at $89,900
Compared to Recent Sales:

Tidewater Sales BRs/ Baths GLA (SqFt) Sales Price Closing Date Data Source MLS #
Lighthouse Villas #4324 2/2 1125 $118,000
09/08/2012 1201222
Heron Lake Village #3123 2/2 1125 $95,000 08/25/2012 1109996
Heron Lake Village #3124
2/2 1125 $87,000
07/13/2012 1205368
Teal Lake Village #1312 2/2 925 $92,800 07/13/2012 1200431
Teal Lake Village #2411 2/2 1025 $105,000 06/27/2012 1200286
Lighthouse Villas #4123 2/2 1225 $115,000 01/31/2012 1115227

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Bank Owned

MLS #1205948
Listing Agent: Tamara Reid
Ocean Breeze Properties, LLC