Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    321 Cypress Flat Ct Conway, SC 29526

    Sponsored
    For Sale
    Pending
    $45,000

    Residential Lot - Conway, SC

    Type:Single Family Residence
    Lot size:
    0.25 Acres
    Days on Market:
    37
    Last Refresh:
    Feb 3 at 6:06 am

    Property Features for 321 Cypress Flat Ct

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Pending
    Zoning
    SF 10
    Exterior features
    Boat Dock, Boat Ramp, Home Owners Assoc. Fees
    Dock
    1
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Expense value
    33
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ester Esti Simantov

    Own Myrtle Real Estate, LLC (843) 855-5570

    Listing agent Ester Esti Simantov (843) 855-5570

    Listing date Dec 29, 2025

    MLS# 2428094 Listing URL

    Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Riverfront Residential Lot in Conway

    This residential lot is located in Black Water Cove, near Conway, South Carolina. The lot offers river frontage and is situated close to Highway 22, providing access to the beach. The Shaftsbury Glen golf course is within walking distance. Community amenities include a clubhouse/boathouse, a community boat dock, and private boat docks. The lot is zoned SF 10 and is approximately 0.25 acres in size, suitable for building a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Hair Salon Hotel & Motel Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Horry
    State
    South Carolina
    Longitude
    -78.899622
    Latitude
    33.883946

    Nearby Similar for Sale

    • $1,650,000

      Conway Condos Investment Opportunity

      Ten condo units in one building, leased and managed.
      340 Kiskadee Loop, Conway, SC 29526
      View Details
    • $239,900
      Pending

      Conway Duplex: Investment Opportunity

      Duplex in Conway, SC, with immediate income potential.
      905 Ridge St, Conway, SC 29526
      View Details
    • $370,000

      Two Homes in Conway, SC

      Two adjacent manufactured homes, ideal for investment or multi-family living.
      1015-1017 Franks Ln, Conway, SC 29526
      View Details
    • $449,000

      Renovated Duplex Near Coastal Carolina

      Updated duplex with strong rental income potential near Coastal Carolina University.
      1798/1800 Barberry Dr, Conway, SC 29526
      View Details
    • $419,999

      Conway, SC Mobile Home Park

      Mobile home park with expansion potential in Conway, South Carolina.
      Tweety Ave, Conway, SC 29527
      View Details
    • $1,200,000
      18.10 Acres

      Equestrian Farm with 29 Stalls

      18-acre horse farm with barn, arenas, and living quarters.
      6200 Adrian Pkwy, Conway, SC 29526
      View Details
    • New
      $349,777
      2,100 SF

      Medical Office Near Conway Medical

      Spacious medical office near Conway Medical Center for sale.
      166 Waccamaw Medical Park Ct, Conway, SC 29526
      View Details
    • New
      $740,000
      1,184 SF

      Turn Key Building For Sale

      Turn key building in historic district with high foot traffic.
      337 Main St, Conway, SC 29526
      View Details
    • $1,049,000
      1,500 SF

      Conway Warehouse/Industrial Facility For Sale

      11,800 SF warehouse/industrial facility on 2.16 acres in Conway, SC.
      3673 Highway 701 North, Conway, SC 29526
      View Details
    • $199,900
      2,000 SF

      Conway Commercial Building For Sale

      Commercial building in Conway, SC, suitable for restaurant, retail, office.
      1806 Racepath Ave, Conway, SC 29527
      View Details
    • $2,590,000

      Condo Units Package Near Golf

      22 condo units near Coastal Carolina University's Hackler Golf Course.
      1432 Highway 544, Conway, SC 29526
      View Details
    • $385,000
      5.95 Acres

      Conway Residential Lot with Pond

      5.95 acre wooded property with pond and multiple structures.
      2701 Wise Rd, Conway, SC 29526
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Black Water Cove with river access.
    Where is this residential land & home lot located?
    The property is located at 321 Cypress Flat Ct Conway, SC.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: - Riverfront lot in upscale Black Water Cove.; - Access to Clubhouse/Boathouse, community boat dock, and private boat docks.; - Build with the builder of your choice.
    (843) 457-9780
    Request Owner's contact information
    321 Cypress Flat Ct Conway, SC 29526
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    321 Cypress Flat Ct
    Conway, SC 29526
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    321 Cypress Flat Ct Conway, SC 29526
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ester Esti Simantov
    (843) 457-9780
    Learn more
    Google sign-in failed. Please try again or use another login method.