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    4700 N Ocean Blvd. North Myrtle Beach, SC 29582

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    For Sale
    $1,799,000

    Duplex - North Myrtle Beach, SC

    Type:Duplex
    Added:
    Dec 4, 2025
    Days on Market:
    154
    Last Refresh:
    May 7 at 6:06 pm

    Property Features for 4700 N Ocean Blvd.

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Parking features
    Other
    Interior features
    Smoke/Heat Detector
    Exterior features
    Smoke/Heat Detector
    Standard status
    Active

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Number of units
    2
    Building materials
    Concrete, Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    The Mills Group Team

    Listing agent The Mills Group Team

    Listing office Century 21 Barefoot Realty 4720 Barefoot Resort Bridge Rd, North Myrtle Beach, SC

    Listing date Dec 4, 2025

    MLS# 2528769 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.

    HighLights

    • Oceanfront property with private deck offering direct beach access and stunning views
    • Fully renovated in 2023 with modern upgrades including new kitchens and bathrooms
    • Duplex configuration with 8 bedrooms and 8 bathrooms, ideal for rental income or multi‑family use
    • Each unit features a private covered deck and a spacious ground‑level hangout area with a new brick patio
    • Prime location near Cherry Grove Fishing Pier, Heritage Preserve Boat Launch, and North Myrtle Beach amenities
    • Turnkey property with luxury vinyl plank flooring, fresh lighting, and stainless steel appliances

    Overview

    Renovated Oceanfront Duplex in Cherry Grove

    This renovated oceanfront duplex in Cherry Grove offers a chance to create a beach life and make rental income. Fully remodeled in 2023, this home features 8 bedrooms and 8 bathrooms, with 4 bedrooms and 4 bathrooms on each side. Both units mirror each other, feeling open and bright with ocean views. The kitchens feature cabinetry, countertops, under-counter microwaves, stainless steel appliances, and a subway tile backsplash. Upstairs, all six bedrooms come with en-suite bathrooms. On the main level, each side includes an additional bedroom and a shared bath. Luxury vinyl plank flooring, lighting, and ceiling fans are present in every bedroom. Each unit opens to a private covered deck. Downstairs, the ground-level hangout area is shielded from the road, creating a spot to grill, store beach gear, or rinse off after a day on the sand. A brick patio provides additional room to gather. The property is located minutes from the Cherry Grove Fishing Pier and the Heritage Preserve Boat Launch & Pier, with shopping, dining, and other North Myrtle Beach amenities nearby. This property can serve as a coastal getaway, a rental investment, or a setup to live on one side and rent the other.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Twin Palms North ... Hotel & Motel Atlantic Winds Condos Condominium Complex

    Suggested Use

    Restaurant Real Estate Agency Bar & Pub Daycare Center Electrical Service Garden Center Travel Agency Hotel & Motel Pet Grooming Service Clothing & Fashion Store

    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
    -78.621344
    Latitude
    33.8348429

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    FAQs

    What type of property is this?
    Duplex - Renovated 8-bedroom duplex with rental income potential.
    Where is this duplex located?
    The property is located at 4700 N Ocean Blvd. North Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $1,799,000.
    What are key features of this property?
    This property features: Oceanfront property with private deck offering direct beach access and stunning views; Fully renovated in 2023 with modern upgrades including new kitchens and bathrooms; Duplex configuration with 8 bedrooms and 8 bathrooms, ideal for rental income or multi‑family use
    (843) 252-0847
    We can help!
    Listing Contact
    The Mills Group Team
    Real Estate License ID: 288488
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    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.

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