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Lightkeepers Village, started in the early 1990s, is adjacent to the Intracoastal Waterway and a marina in Little River, between North Myrtle Beach and the SC/NC State line. Lightkeepers Village has approx. 278 2-, 3- and 4-BR units (split between two separate HOAs) with good appeal to primary and second-home owners. If vacation home rentals are even allowed (the master deed may prohibit short-term rentals), seasonal rentals are few and far between.
The subject building overlooks a small pond. The subject unit is a 2-BR. Among condos with views similar to the subject (that is, no marina or Waterway views), we only found only one recent 2-BR sale; the rest were all sales of 3-BR units. Thus, we analyzed the sales prices per square foot. The sales listed below have an average price per SqFt of $96.42. The subject is listed at $77.95 per SqFt.
Yacht Club @ Lightkeepers Village #3-C, 2 BR, 2 Bath , 1025 GLA, Built 1993, listed at $79,900
Compared to Recent Sales:
|Sales in Lightkeepers Village||BRs/Baths-GLA||Price Per SqFt||Sales Price||Closing Date||Data Source MLS #|
|4505 Lightkeepers Way, #24D||2/2-1225||$80.82||$99,000||07/23/2012||1119990|
|4535 Lighthouse Dr., #27B||3/2-1425||$94.74||$135,000||02/24/2012||1114080|
|4525 Lighthouse Dr., #26F||3/2-1225||$126.53||$155,000||05/10/2012||1204552|
|4645 Lightkeepers Way, #2A||3/2-1625||$92.31||$150,000||01/20/2012||1113754|
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Listing Office: Gabriel Financial Real Estate
Listing Agent: Timothy Gabriel, REALTOR