That’s right! It’s time for the 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. This marks the 4 year in a row that we have shared this real estate information with you. Now while you may not be able to afford a luxury home in Myrtle Beach at this time, it is always fun to see these beautiful grand homes with the high price tag.
Since this is the fourth installment, you may want to check out previous years which you can see 2014, 2015, and 2016 here. Below you will find listed the 10 most expensive homes to sell during 2017 along The Grand Strand from least expensive to most expensive.
10. 1277 DeBordieu Blvd, Georgetown, SC 29440- $2,110,000 The first home in our top 10 this year was a fantastic opportunity in DeBordieu Colony to not only own an amazing oceanfront home, but also purchase the lot next door as well. This 5 bedroom 5.5 bath oceanfront home was sold with a second sub-dividable oceanfront lot next door. As you enter this home there was a grand double staircase that greeted you that is gorgeous.
9. 1837 S. Waccamaw Drive, Garden City Beach, SC 29576- $2,115,000 8 Bedrooms, 7.5 baths were found in this oceanfront home in Garden City. Only 3 years old and with over 5,000 square feet inside helped place this home easily on our top ten list this year. In addition to being oceanfront, this home also had it’s own private swimming pool and a breakfast bar where you could sit 10 people.
8. Lot 6 Atlantic Avenue, Pawleys Island, SC 29585- $2,200,000 The was our first new construction home to top the list in a long time. This was a 5 bedroom, 5.5 bath new home situated in the Assey section of Pawleys Island. It featured both ocean and inlet views as well as access to a shared dock with gazebo.
7. 9857 Bellasera Circle, Myrtle Beach, SC 29579- $2,250,000 At number 7 was a beautiful home in the Grande Dunes. This home featured 4 bedrooms, 4.5 baths a movie theater, dynamic kitchen, and an infinity pool with amazing views of the Intracoastal Waterway.
6. 40 Seaview Loop, Pawleys Island, SC 29585- $2,250,000 This 5 bedroom 6.5 bath home was only one year old when it sold in July of 2017. With all of the porches & decks this home featured it had over 7,300 square feet under roof of space for entertaining. You could walk right out the back door of this home right down your own private deck onto the beach in North Litchfield.
5. 1145 S. Waccamaw Drive, Murrells Inlet, SC 29576- $2,350,000 While we marveled at the under roof size of our #6 home on the list, this property had more square footage in just the heated segment at over 7,500 heated square feet. This home had an amazing 10 bedrooms, 10.5 baths, a private heated pool, elevator to all three floors, and a kitchen with 2 of everything. That’s right, 2 refrigerators, 2 dishwashers, 2 microwaves, & 2 washers & dryers.
4. 1201 Norris Drive, Pawleys Island, SC 29585- $2,400,000 Built in 2002 this 5 bedroom, 5.5 bath oceanfront was found on the Peninsula at Inlet Point and had some amazing ocean views while being only steps to the beach.
3. 100 Ocean Park Loop, Georgetown, SC 29440- $2,500,000 For number 3 on our list of 10 most expensive homes sold in 2017, we head back to DeBordieu Colony. This 5 bedroom, 5.5 bath oceanfront masterpiece was built in 2001 and featured heated floors even in the bathrooms.
2. 6502 N. Ocean Boulevard, Myrtle Beach, SC 29572- $2,892,000 Our second most expensive home to sell in 2017 was the highest price sale in the city of Myrtle Beach for the entire year. This oceanfront home built in 2013 along the Golden Mile featured stainless steel commercial appliances, quartz countertops, and a dramatic infinity pool with amazing views of the Atlantic Ocean.
1. 1344 Parker Drive, Pawleys Island, SC 29585- $3,298,500 As the only home to break the 3 million dollar mark for 2017, this stunning home sat in it’s own private reserve overlooking the ocean and Huntington State Park. This home featured an energy efficient system that kept heating and cooling this home to an average bill of around $37 for the year in this 4,350 heated square foot home. This home was purchased with all cash as well.
So now that I’ve share the most expensive homes sold, what does this mean for the Myrtle Beach Luxury Homes market in 2018?
Myrtle Beach Luxury Market Stronger Than Ever
In 2017, more homes over one million dollars have sold in Myrtle Beach than in 2014 and 2015. In 2014, there were 49 Million dollar homes that sold for a total of $77 million in inventory. In 2015, there were 64 million dollar properties that sold for a total inventory of over 95 million. 2016 saw 72 luxury homes in Myrtle Beach sell for 101 million in inventory. 2017 crushed those numbers with 88 homes selling with price tag above 1 million for a total inventory cost of $128,646,000.
In comparison to the market in 2016, there spread between luxury home prices is trending upward. While last year there were 2 properties to sell for 3 million, the next closest price was 2.195 million. This year the average sold price of our top 10 list came in at an astounding $2,436,500. Also, this is the first time since we began reporting this information that all of the top ten most expensive homes to sell on The Grand Strand were over 2 million.
Breaking the Sales Down
When you break down the top 10 list for 2017, I found it interesting that half of the properties were sold with financing while the other 5 were purchased with all cash. 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 proving that waterfront properties remain in high demand, 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 with 34 homes. Myrtle Beach zip codes came in second with 26 properties sold, Garden City with 14, North Myrtle Beach 9, Surfside Beach 3, Murrells Inlet 2, and one outside the area, were sold this past year for over a million dollars. So, if you are looking for a luxury property, your best bet is to look either in Pawleys Island or Myrtle Beach it would seem.
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 under $150,000? 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.