Shalimar, built 1987, is a nine-story, oceanfront, 24-unit project in the Cherry Grove section of North Myrtle Beach. Most units have two or three bedrooms. Compared to newer oceanfront highrise projects, the amenities are limited with only an outdoor pool. The HOA contact: Nancy Reynolds: 843-399-5934.
We found no recent sales from the subject project. The two most recent sales occurred in 2011: Unit #7-A, a 3-BR oceanfront unit with a slightly superior view sold for $260,000 on 3/8/2011. Unit # 6-C, a bank-owned unit virtually identical to the subject in floor plan and view, sold 4/20/2011 for $194,900. Currently in MLS, only one unit is listed for sale. It is unit #7-C, listed for $169,900 (MLS # 1207022). However, it’s a “potential short sale” meaning the bank may never accept the list price that has been put on this property.
We have measured and have on file this floor plan. If you’re interested in this property, let us know, and we can email you the floor plan.
Shalimar #4-C, 3 BR, 2 Bath, 1165 GLA, Built 1990, listed at $184,900
Compared to Recent Sales:
Property Address | BRs/ Baths GLA (SqFt) |
Year Built | Sales Price | Closing Date | Data Source MLS # |
Ocean Towers #803 4311 S. Ocean Blvd. |
3/2 1075 |
1983 | $242,500 |
08/16/2012 | 1204312 |
Hyperion Tower #303 5508 N. Ocean Blvd. |
3/2 1064 |
1985 | $216,600 | 07/30/2012 | 1112597 |
Crescent Sands WH #I-3 4605 S. Ocean Blvd. |
3/2 962 |
1985 | $217,500 | 07/19/2012 | 1017003 |
Sea Winds #203 4719 S. Ocean Blvd. |
3/2 1064 |
1985 | $219,900 | 07/13/2012 | 1210167 |
Crescent Sands WH #C-1 4605 S. Ocean Blvd. |
3/2 962 |
1986 | $218,000 | 05/03/2012 | 1111213 |
Xanadu II #605 5800 N. Ocean Blvd. |
3/2 1064 |
1984 | $225,000 | 04/30/2012 | 1204050 |
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MLS #1206131
Listing Office: The Hoffman Group
Listing Agent: Greg Sisson