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Sold for $435,000
  • $435,000

    5002 Watergate Dr., Myrtle Beach, SC 29588

    2beds
    1,897sqft
    Single Family Residence
    Built in 1971
    0.27 Acres Lot
    $434,300 Zestimate®
    $229/sqft
    $1,945 Estimated rent

    Home value

    $434,300

    $408,000 - $460,000

    $1,945/mo

    Zestimate® history
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    What's special

    Fenced-in yardFarmhouse sinkSouthern-style front porchNew hot water heaterCorner lotMini-split hvac systemsOpen floor plan
    Come live and work from home! This remarkable property sits on a corner lot with over a quarter of an acre right down the street from Market Common! There's NO HOA so you can live the life that you have always wanted on your own terms. This super rare home is located in the neighborhood retail district, which means that you can run a business here. There are endless possibilities! It's currently zoned RE 1 which allows boutique shops, medical clinics, banks, salons, fitness centers, health spas, dry cleaners, bait shops, social organizations, and specialty schools with conditional exceptions for restaurants, bars, and veterinary offices. It could even be your own personal art studio or you could use some of this space for a workshop. This property is truly one-of-a-kind. It is located outside of the city limits and there are no restrictions stopping you from having your boat, RV, golf cart, or motorcycle. So, come bring all your toys and enjoy the freedom of having no hoa! Short-term rentals are allowed, which means that you can rent this home out on Airbnb and VRBO. It would make a great primary residence, second home, or vacation rental. This versatile single-family home has a big southern-style front porch and each side has its own entrance with separate exits. As you enter through the left door, you will see an open floor plan with a large 15x17 living room. There are two spacious bedrooms with a full-size bathroom which has a custom tile walk-in shower. Everything you need is on the ground level, which provides easy access. The kitchen features new stainless steel appliances along with granite countertops, a farmhouse sink, and lovely white cabinets. This entire home has been freshly painted, high-quality laminate flooring has been installed, and LED lights were added. A new hot water heater was put in this year and all of the windows on the residential side have been replaced. Two 22,000 BTU mini-split hvac systems have been professionally installed this year. They can both be controlled remotely with wifi and warranties will be provided. There is a transferable termite bond along with a 2-10 warranty that's being offered for extra peace of mind. The 8x10 laundry room has extra space for a pantry and there's a 30x30 attic upstairs, which can be used for extra storage or you could possibly finish it off. The commercial studio side has about 1,056 HSF and includes a 14x22 garage along with a half bath. This side has its own separate breaker box. This is the perfect space to run your own business! The driveway can currently accomodate 6 cars, but there's plenty of room for an additional parking lot. The fenced-in yard is huge and there are some trees in the back which provide some extra privacy. This is a great place to let your pets run around and play! There is a nice patio where you can relax and grill out with friends. The garage is a side load and the fence has a sliding gate. There are two industrial size exterior lights that automatically come on at night. This unique property is conveniently located to everything that the Grand Strand has to offer! There are several top-notch golf courses nearby, the best fishing spots, numerous delicious restaurants, bars with awesome live music, and tons of places to go shopping! Plus, the beach is only about 10 minutes away! You don't want to miss out on this opportunity to come live the coastal dream life! Schedule your showing today and don't forget to check out the 3D virtual tour! Some photos in this listing have been virtually staged. Not all bedrooms are conforming; contact agent for full bedroom details. Square footage is approximate and not guaranteed. Buyers responsible for verification.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lauren D Griffin Office:843-650-0998,

    CB Sea Coast Advantage MI,

    Amy Randall 843-443-7090,

    CB Sea Coast Advantage MI

    Bought with:

    Michelle L Harvey, 125049

    Realty ONE Group Dockside

    Source: CCAR,MLS#: 2517365MLS LogoOriginating MLS: Coastal Carolinas Association of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Primary bedroom
    • Features: Main Level Master
    • Level: First
    • Dimensions: 10x15
    Bedroom 1
    • Level: First
    • Dimensions: 10x13
    Primary bathroom
    • Features: Separate Shower
    Kitchen
    • Features: Pantry, Stainless Steel Appliances, Solid Surface Counters
    • Dimensions: 8x13
    Living room
    • Dimensions: 15x17
    Other
    • Features: Bedroom on Main Level, Utility Room, Workshop
    Heating
    • Electric
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: Microwave, Range, Refrigerator
    • Laundry: Washer Hookup
    Features
    • Attic, Pull Down Attic Stairs, Permanent Attic Stairs, Bedroom on Main Level, Stainless Steel Appliances, Solid Surface Counters, Workshop
    • Flooring: Laminate, Tile
    • Attic: Pull Down Stairs,Permanent Stairs
    Interior area
    • Total structure area: 3,013
    • Total interior livable area: 1,897 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Attached, One Space, Boat, Garage, RV Access/Parking
    • Attached garage spaces: 1
    Features
    • Levels: One and One Half,One
    • Stories: 1
    • Patio & porch: Front Porch, Patio
    • Exterior features: Fence, Patio
    Lot
    • Size: 0.27 Acres
    • Features: Corner Lot, Outside City Limits
    Details
    • Additional parcels included: ,
    • Parcel number: 44106020055
    • Zoning: RE 1
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Slab
    Condition
    • Resale
    • Year built: 1971
    Details
    • Warranty included: Yes

    Utilities & green energy

    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Community
    • Community features: Golf Carts OK, Long Term Rental Allowed, Short Term Rental Allowed
    Location
    • Region: Myrtle Beach
    • Subdivision: Watergate

    HOA & financial

    HOA
    • Has HOA: No
    • Amenities included: Owner Allowed Golf Cart, Owner Allowed Motorcycle, Pet Restrictions, Tenant Allowed Golf Cart, Tenant Allowed Motorcycle

    Other

    Other facts
    • Listing terms: Cash,Conventional,Portfolio Loan

    Price history

    DateEventPrice
    12/2/2025Sold$435,000-10.3%$229/sqft
    Source: CCAR #2517365 Report a problem
    11/3/2025Contingent$484,900$256/sqft
    Source: CCAR #2517365 Report a problem
    10/28/2025Price change$484,900-1%$256/sqft
    Source: CCAR #2517365 Report a problem
    10/21/2025Price change$489,900-1%$258/sqft
    Source: CCAR #2517365 Report a problem
    10/15/2025Price change$494,900-1%$261/sqft
    Source: CCAR #2517365 Report a problem
    10/6/2025Price change$499,900-5.5%$264/sqft
    Source: CCAR #2517365 Report a problem
    10/1/2025Price change$529,000-1.7%$279/sqft
    Source: CCAR #2517365 Report a problem
    9/24/2025Price change$537,900-1.1%$284/sqft
    Source: CCAR #2517365 Report a problem
    9/15/2025Price change$543,900-1.1%$287/sqft
    Source: CCAR #2517365 Report a problem
    9/3/2025Price change$549,900-1.6%$290/sqft
    Source: CCAR #2517365 Report a problem
    8/25/2025Price change$559,000-1%$295/sqft
    Source: CCAR #2517365 Report a problem
    8/18/2025Price change$564,900-1.6%$298/sqft
    Source: CCAR #2517365 Report a problem
    8/11/2025Price change$573,900-1%$303/sqft
    Source: CCAR #2517365 Report a problem
    8/4/2025Price change$579,900-1.5%$306/sqft
    Source: CCAR #2517365 Report a problem
    7/28/2025Price change$588,900-1%$310/sqft
    Source: CCAR #2517365 Report a problem
    7/16/2025Listed for sale$595,000+196%$314/sqft
    Source: CCAR #2517365 Report a problem
    4/16/2025Sold$201,000-6.5%$106/sqft
    Source: CCAR #2503612 Report a problem
    3/24/2025Contingent$215,000$113/sqft
    Source: CCAR #2503612 Report a problem
    3/21/2025Listed for sale$215,000$113/sqft
    Source: CCAR #2503612 Report a problem
    2/14/2025Contingent$215,000$113/sqft
    Source: CCAR #2503612 Report a problem
    2/12/2025Listed for sale$215,000$113/sqft
    Source: CCAR #2503612 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 29588

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Socastee Elementary School
    • Middle: Forestbrook Middle School
    • High: Socastee High School

    Source: CCAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $434,300
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    With Zillow Showcase(estimated)
    $442,986