Condo: Coral Beach #654: 06/23/2012

Condo … Tax ID # 181-13-03-138
 
$39,900 … 13% ($6,100) Below Recent Sales (Avg.)
Sold $32,000

 
1105 So. Ocean Blvd., Coral Beach #654
Myrtle Beach, SC 29577
 
Efficiency, 1 Bath, 390 GLA (Htd. SqFt)

Oceanfront. 10 minutes to airport

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Coral Beach was originally built as a hotel around 1986 and converted to condominiums around 2005. This project is operated as a hotel with a front desk, conference facilities, on-site restaurant, pool bar, sauna and steam rooms, indoor pool, guest laundry and bowling center. Coral Beach is in a very touristy section of Myrtle Beach with amusement parks nearby.

The subject unit and the three similar-unit sales shown below are not direct oceanfront units but rather set on a diagonal with partially obstructed views. After the subject unit, the next lowest priced active listing is priced a $59,900.

Coral Beach #654, Efficiency, 1 Bath , 390 GLA, listed at $39,900
Compared to Recent Sales:

Coral Beach Condo Sales
BRs/ Baths GLA (SqFt) Sales Price Closing Date Data Source MLS #
Unit #1046
Eff/1 390 $42,250 05/11/2012 1202100
Unit #1240
Eff/1 390 $47,500 05/01/2012 1203550
Unit #1048
Eff/1 390 $48,250 04/25/2012 1205424

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Bank Owned

MLS #1209159
Listing Agent: Sarah Grainger
RE/MAX Properties