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    5600 North Ocean Blvd, Unit B-3 North Myrtle Beach, SC 29582

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    For Sale
    $320,000

    Updated condo near Cherry Grove Beach, ideal for rental income.

    Property size:
    880 SF

    Property Features for 5600 North Ocean Blvd

    General Information

    Size
    880 SF

    Building Details

    Year built
    1980

    Source: Keller Williams Innovate South Agent Julie Mazzaferro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ocean-View Condo in Cherry Grove

    This ocean-view condo features 2 bedrooms and 2 full baths. It is situated in a private beach area within Cherry Grove Beach, which has been recognized as one of the 10 most beautiful beaches in America. The condo building underwent upgrades and remodeling in 2021, including new exterior Hardie board siding, balcony sliding doors, a building-wide fire alarm system, and new hurricane double-pane windows. The unit comes furnished with new items. The location provides walking distance access to shops, restaurants, and entertainment in North Myrtle Beach, SC. This property is suitable for investors, with potential for vacation rental income due to its high occupancy rate. Rental information is available upon request with a contract. The property size is 880 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A Summer Place Condominium Complex Carolina Sparkory Vacation Home Rental Agency

    Suggested Use

    Realty agency Restaurant Clothing Store Electrical Service Hotel & Motel Travel Agency Pet Grooming Service Kid Store Bed & Breakfast Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    North Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.6114392
    Latitude
    33.8378483

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    FAQs

    What type of property is this?
    Short term rental property - Updated condo near Cherry Grove Beach, ideal for rental income.
    Where is this short term rental property located?
    The property is located at 5600 North Ocean Blvd, Unit B-3 North Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: - Ocean-view condo on a private beach area in Cherry Grove Beach, one of the most beautiful beaches in America.; - Recently upgraded and remodeled in 2021 with new Hardie board siding, balcony sliding doors, fire alarm system, and hurricane double-pane windows.; - Proven vacation rental income potential with high occupancy rate (rental info available with contract).
    (518) 928-4026
    Request Owner's contact information
    5600 North Ocean Blvd, Unit B-3 North Myrtle Beach, SC 29582
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    North Myrtle Beach, SC 29582
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    Realmo Value Estimation

    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.

    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.

    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
    5600 North Ocean Blvd, Unit B-3 North Myrtle Beach, SC 29582
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