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

    871 Waterton Ave Myrtle Beach, SC 29579

    Sponsored
    For Sale
    $204,900

    Residential Lot - Myrtle Beach, SC

    Type:Single Family Residence
    Lot size:
    0.21 Acres
    Days on Market:
    8
    Last Refresh:
    Feb 25 at 3:06 pm

    Property Features for 871 Waterton Ave

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Security features
    Gated Community
    Zoning
    PUD
    Exterior features
    Home Owners Assoc. Fees, Restrictions, Clubhouse/Rec/Facilities, Pool-outdoor Community, Tennis Court, Long Term Rental Allowed, Owner Allowed Golf Cart, Tenant Allowed Golf Cart, Owner Allowed Pet, Private Boat Slip
    Fencing
    Gate
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Expense value
    106
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other
    Additional Structures
    Tennis Court(s)

    We can help!

    Listing Contact
    Stephanie Everett

    Keller Williams Myrtle Beach (843) 443-9400

    Listing agent Stephanie Everett (843) 443-9400

    Listing date Feb 18, 2026

    MLS# 2521052 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

    Residential Lot in Gated Community

    This residential lot offers an opportunity for building a home within the gated community of Carolina Waterway Plantation. The 0.21-acre lot is located in Myrtle Beach, South Carolina. The community provides amenities such as a pool, clubhouse, playground, tennis court, and dock access to the Intracoastal Waterway. The location provides access to major highways and proximity to the beach, shopping, and dining.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.8909685
    Latitude
    33.7322499

    Nearby Similar for Sale

    • $795,000
      Pending

      Established Commercial Property For Sale

      Commercial property on high-traffic corner lot with equipment included.
      4710 Socastee Blvd, Myrtle Beach, SC 29588
      View Details
    • $520,000
      2,574 SF

      Broadway Street Commercial Building

      Fully equipped commercial kitchen and modern bar in Myrtle Beach.
      403 Broadway St, Myrtle Beach, SC 29577
      View Details
    • $649,900

      Myrtle Beach Triplex Near Ocean

      Income-producing triplex, 1000 feet from the beach!
      404 13Th Ave S, Myrtle Beach, SC 29577
      View Details
    • $730,000
      Pending

      Myrtle Beach Multifamily Investment Opportunity

      Income-producing 6-unit apartment building near the beach.
      610 63Rd Ave N, Myrtle Beach, SC 29572
      View Details
    • $225,000
      1,200 SF

      Turnkey Tea Bar Business

      Established tea and coffee bar in Myrtle Beach for sale.
      3091 Deville St, Myrtle Beach, SC 29577
      View Details
    • $639,000

      New Construction Duplex Near Beach

      New construction duplex in Myrtle Beach, near shopping and dining.
      1205 Rosehaven Dr, Myrtle Beach, SC 29577
      View Details
    • $4,600,000

      Myrtle Beach Multifamily Investment

      42-unit apartment complex in Myrtle Beach, fully occupied.
      3170 Holmestown Rd, Myrtle Beach, SC 29588
      View Details
    • $325,000

      Myrtle Beach Triplex Investment Opportunity

      Versatile residential investment with strong upside potential in central Myrtle Beach.
      914 5Th Ave S, Myrtle Beach, SC 29577
      View Details
    • $1,250,000
      Pending

      Turnkey Myrtle Beach Triplex

      Multifamily investment with immediate cash flow and growth potential.
      2201 John Henry Ln, Myrtle Beach, SC 29579
      View Details
    • $584,999

      Renovated Triplex in Myrtle Beach

      Fully renovated 3-unit property with immediate rental income in Myrtle Beach.
      831 Bay St, Myrtle Beach, SC 29577
      View Details
    • $2,199,000

      Myrtle Beach Apartment Compound

      21-unit apartment complex near beach, restaurants, and shopping.
      700 Mitchell Dr, Myrtle Beach, SC 29577
      View Details
    • $685,000

      Myrtle Beach Multifamily Investment

      Seven-unit property near the beach in Myrtle Beach, SC.
      304 2Nd Ave N, Myrtle Beach, SC 29577
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Second-row lot in Carolina Waterway Plantation, Myrtle Beach.
    Where is this residential land & home lot located?
    The property is located at 871 Waterton Ave Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $204,900.
    What are key features of this property?
    This property features: - Dock access to the Intracoastal Waterway; - Located in the desirable gated community of Carolina Waterway Plantation; - Community amenities include a pool, clubhouse, playground, and tennis court
    (843) 443-9400
    Request Owner's contact information
    871 Waterton Ave Myrtle Beach, SC 29579
    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.
    871 Waterton Ave
    Myrtle Beach, SC 29579
    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
    871 Waterton Ave Myrtle Beach, SC 29579
    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
    Stephanie Everett
    (843) 443-9400
    Learn more
    Google sign-in failed. Please try again or use another login method.