That’s right! It’s time for my annual Myrtle Beach luxury home wrap-up where I share with you the 10 most expensive homes to sell along the Grand Strand in this past year. I’ve done this several times in the past few years, however last year I was a slacker and didn’t do this post.
To make up for it, this year I’m going to go above & beyond in sharing not only the 10 most expensive Luxury Homes in Myrtle Beach, but I’m also going to include a video near the end that will summarize how our luxury real estate market is doing here in the area.
If you really love this and want to see more about some of the other luxury properties that have sold in the area in the past, you may want to check out previous years which you can see 2014, 2015, 2016 & 2017 here. Below you will find listed the 10 most expensive homes to sell during 2019 along The Grand Strand from least expensive to most expensive.
10– 9553 Bellasara Circle Myrtle Beach, SC 29579– $2,200,000 This 5 Bedroom 4 Bath home sold in gated homes section The Grande Dunes Members Club section and was a Mediterranean style home on the Intracoastal Waterway with a spectacular pool overlooking the waterway.
9- 1087 S. Waccamaw Drive Garden City, SC 29576- $2,250,000- The only home to make the list this year in Garden City, was this large 3 story, 5 bedroom, 5.5 bath oceanfront home that was over 10,000 square feet under roof with an elevator was a unique masterpiece.
8- 904 N. Ocean Boulevard North Myrtle Beach, SC 29582- $2,285,000 This oceanfront gem was found in North Myrtle Beach and was a 5 bedroom 6.5 bath fully furnished home that was located in the Tilghman Estates section of North Myrtle Beach.
7- 8802 N. Ocean Blvd Myrtle Beach, SC 29572- $2,321,425 At number 7 was another fully furnished oceanfront home that sold in Dunes Ocean Forest section of Myrtle Beach. It was a 7 Bedroom, 6.5 Bath home that had amazing oceanfront views and a lot of recent upgrades throughout.
6- 804 N. Ocean Boulevard North Myrtle Beach, SC 29582- $2,445,000 This is second home to land in the top 10 list of most expensive homes sold from North Myrtle Beach. Also found in the Tilghman section, this was a 5 bedroom, 4.5 bath home with parking for 7 vehicles underneath.
The final 5 most expensive homes of 2019 all come from the southern end of the beach in Georgetown County.
5- 1065 Norris Dr Pawleys Island, SC 29585 $2,715,000 with over 5,500 heated square feet, this 6 bedroom home was located at The Peninsula at Inlet Point South. Each bedroom had it’s own private bath. There was also a shared dock on the creek so you can catch the flounder for dinner!
4- 44 Eastland Way Georgetown, SC 29440- $2,850,000 This 7 bedroom oceanfront home was in Debordieu Colony this home was in a very unique location with 2.5 miles of deserted beach leading to the North Inlet. This home was over 8,300 heated square feet and had a rooftop deck to enjoy the spectacular views.
3- 629 Beach Bridge Rd. Pawleys Island, SC 29585- $2,850,000 The number 3 most expensive home sold in 2019 is beautiful 5 Bedroom home with a custom pine dining room table that seats 10. The home had beautiful cypress walls and book shelves in the study. There was also plenty of space for vehicles with the 4 car garage.
2- 102 Atlantic Avenue Pawleys Island, SC 29585- $2,875,000 Another oceanfront home with 7 bedrooms, 7 baths, and a nice half acre lot in Pawleys Island helped this property to sell quickly.
1- 560 Myrtle Avenue Pawleys Island, SC 29585- $3,501,013 And the most expensive home to sell in 2019 belongs to this magnificent home in the Caledonia section which is known as America’s oldest seaside resorts. This home was 6 Bedrooms, 5 full baths and had a double lot that could be divided for another home. This home was unique in that on one side of the lot is a bulkheaded seawall where you could pull up your boat, and the other side you can enjoy fabulous ocean views.
So now that I’ve share the most expensive homes sold, what does this mean for the Myrtle Beach Luxury Homes market in 2020?
Market Crash Ahead?
In 2019, less luxury homes over 1 million sold in the area than in 2018. Some might start to panic and think we are heading towards a crash, but I wouldn’t start to panic yet. There were only 5 less homes to sell during the year from the banner year of 2018. In terms of total volume, it was only around $4.5 million less.
Days on the market also grew during 2019, but it was very minimal by increasing by only 5 days which is also a very minimal amount of days. These two items could mean either that there is a softening in the luxury home market, or it could simply just mean there is less inventory of properties available for consumers to purchase.
Breaking the Sales Down
When you break down the top 10 list for 2019, I found it interesting that more than half of the properties were purchased with cash. Even more interesting, the top 6 on the list were ALL purchased without financing. That shows me people see the value in investing into our local real estate market.
Also, all of the luxury homes sold this past year had some sort of water feature attached to the home. Most had a view of the ocean, or marsh, and one even had the intracoastal waterway. Once again proving that waterfront properties remain in high demand in our Grand Strand Market, especially when it comes to luxury home buyers.
When you break down the sections of the beach, more luxury homes were sold in Pawleys Island than any other section of the beach again this year. The 5 most expensive homes to sell this year were all int eh Pawleys Island/Georgetown area. Garden city had one property, two in North Myrtle Beach, and two were in Myrtle Beach.
What’s Available For Sale Now?
Below you will find all current luxury homes for sale in Myrtle Beach that are over one million.
Pawleys Island Luxury Homes
If you found this post interesting, would you do me a favor & share it with your friends? Also, if you are interested in purchasing a luxury home along the Grand Strand, feel free to call me at 843-222-9402 or contact me through my site.
Obviously, not everyone can afford a luxury home like the ones listed above. Did you know that the average property I sell in Myrtle Beach this past year was $205,000 While property values continue to rise in Myrtle Beach, there still are plenty of options out there to find affordable housing in Myrtle Beach. I’d love the opportunity to help you find your perfect home that fits your needs in any price range. Do not hesitate reaching out to me today to discuss.