This property was hand-picked for The Certifax Report; it has since sold. These deals often go contract pending within days of our reporting. If you want our research, analysis and alerts so you can act fast, subscribe here.
Heron Pointe is a 91-unit low-rise project with mostly 2-BR units located in the Lake Arrowhead/Shore Drive area, about halfway between the cities of Myrtle Beach and North Myrtle Beach. This is a popular tourist area and usually does well with seasonal rentals. The project has an outdoor pool, indoor pool, and small marshfront clubhouse. Most buildings have three floors, no elevators, and overlook other buildings.
This particular unit is special because (a) it has a marsh and golf course view, (b) it’s on the top floor in a building WITH an elevator, and (c) it has a loft space as well as 2 BRs.
Based upon the interior photos, this unit looks cosmetically dated.
We found only two recent sales in Heron Pointe. Unit F-5, shown below, also has a marsh view but no loft space. Unit D-10, sold in July for $114,000, is a walk-up unit with no marsh view. Currently in MLS, the next lowest priced listing is unit C-9 at $119,900–a third floor walk up with no elevator and no marsh view (MLS # 1210402)
Heron Pointe #F-14, 2 BR, 2 Bath , 1225 GLA, Built 1988, listed at $109,999
Compared to Recent Sales:
|Heron Pointe Sales||BRs/ Baths||GLA (SqFt)||Sales Price||Closing Date||Data Source MLS #|
|Unit # D-10||2/2||1,225||$114,000||07/17/2012||1208794|
|Unit # F-5||2/2||1,225||$130,000||03/11/2011||1101665|
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Photos (Click image to enlarge):
Listing Office: The Hoffman Group
Listing Agent: Alicia Altman