Deals of the Week - August 25, 2011

Just Listed

Property Sold

4803 Bovardia Place, Unit 301

Myrtle Beach, SC 29577

Buyer clients of mine recently closed on a 3 bedroom, 2 bathroom condo in Magnolia Place East on the Myrtlewood golf course in Myrtle Beach. The closing price of this condo was $91,900.

If you have any questions about properties in Myrtle Beach or the surrounding areas, please let me know. I can be reached at Kathy@KathyRukat.com.

Deal of the Week

Greetings from Myrtle Beach! The weather is great today...we have about 70 degree temperatures and it is sunny. What a great day to be at the beach! If you are in Myrtle Beach this weekend, you may notice a few more people. The Myrtle Beach Marathon will start at 6:30 a.m. tomorrow and events are happening all weekend.

I have several deals of the week for this week.

• Keep in mind my listing at Marcliffe at Blackmoor. The price on this 3 bedroom/2 bathroom condo has been reduced to $130,000.
• Lot 20 Graytwig Circle is located in Abaco Cove in Murrells Inlet. The lot is currently listed for $49,900.
• 115 Horizon River Drive, Unit D-5 in Myrtle Beach is a one bedroom/one bathroom townhouse listed for $19,900. This property is a foreclosure.
• 4041 Shipyard Walk in Myrtle Beach is a duplex listed at $129,900. You could rent one side while living in the other side or rent both sides for more income. Side 1 has 3 bedrooms and one bathroom while Side 2 has one bedroom and one bathroom.
• If you are interested in a new home, Creekhaven in Murrells Inlet has some good deals. A 3 bedroom/2 bathroom home can be purchased for $172,000. A 4 bedroom/2.5 bathroom home can be purchased for $212,000 with a $10,000 design center incentive.

Listing Update

The condo I have currently listed at Marcliffe at Blackmoor in Murrells Inlet, SC is now reduced to $130,000. This condo is on the 3rd floor overlooking a pond. It also features hardwood and tile flooring, crown molding, vaulted ceilings, ceiling fans in all rooms and a split bedroom floor plan.

Deals of the Week

A 3 bedroom, 2 bathroom condo in Magnolia Place East has been reduced to $89,900. This condo is a foreclosure.

A 3 bedroom, 2.5 bathroom, end unit condo at The Legends has been reduced to $179,900. This condo is neither a short sale or a foreclosure.

Condo in Murrells Inlet For Sale

5792 Longwood Drive

Unit 301

Murrells Inlet, SC

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This three bedroom, two bathroom condo in the Blackmoor community is currently listed at $135,000. This condo features vaulted ceilings, hardwood and tile flooring, a split bedroom floor plan and a separate laundry area. The condo also features crown molding and ceiling fans. The end unit location also allows for extra windows.

If you are interested in this property or the Myrtle Beach area in general, please contact Kathy Rukat at Kathy@KathyRukat.com.

Listing Update

Lot 126 Brighton Lakes
Myrtle Beach, SC
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My listing at Lot 126 Brighton Lakes in Myrtle Beach is now under contract. This lot is located in the Carolina Forest area. Check back in about 30 days for an update on the final closing price.

If you have any questions about this lot or the Myrtle Beach market, please contact Kathy Rukat at (843) 267-2710 or Kathy@KathyRukat.com. Details about the Myrtle Beach market can be found on my website.

Brighton Woods Single Family Home For Sale

325 Winslow Avenue
Myrtle Beach, SC 29588
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Brighton Woods

Two-story, four bedroom home in Brighton Woods subdivision. Home is immaculate with upgraded paint colors. Spacious living room with a wood burning fireplace. Open floor plan. Built-in desk in the kitchen area. Two eating areas – dining room and a breakfast nook. Laundry room, ½ bath, kitchen, breakfast nook, living room, dining room and foyer occupy the downstairs. All bedrooms are located upstairs. Master bedroom features a large walk-in closet, double sinks plus a separate shower and garden tub in the master bathroom. 4^th bedroom could be used as a home office. A fence surrounding the backyard was added in 2008. Large backyard provides endless opportunities. Brighton Woods is located off Highway 707 and conveniently located to all the south end of Myrtle Beach has to offer.

First-time home buyers may qualify for the $8,000 tax credit. The deadline for the credit is November 30, 2009.

If you are interested in this home or the Myrtle Beach area in general, please contact Kathy at (843) 267-2710 or Kathy@KathyRukat.com.

Forestbrook Reserve (Lot 87) Residential Lot For Sale

313 Vintage Circle
Lot 87
Myrtle Beach, SC 29588
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Forestbrook Reserve

Auction on this property will occur online effective immediately at www.intlrealtyauction.com.

Charming home site in Forestbrook Reserve. This community has all there is to offer with a 10 acre lake with walking trails and an open meadow to enjoy a picnic. Amenities include a clubhouse, tennis courts, pool and playground. Adjacent to a 60 acre conservation preserve give you the idealistic setting to enjoy a quiet lifestyle. Convenient to golf, entertainment, shopping, dining and the beach.

If you are interested in this property or the Myrtle Beach area in general, please contact Kathy Rukat at (843) 267-2710 or Kathy@KathyRukat.com.

Brighton Lakes Residential Lot For Sale

Lot 126 Brighton Lakes
Myrtle Beach, SC 29579
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Brighton Lakes

Auction on this property will occur online effective immediately at www.intlrealtyauction.com.

Great lot on the lake in Brighton Lakes at Carolina Forest, the Grand Strand's newest luxury homesites. Award-winning Carolina Forest school districts, the finest gated community that includes a private owner's club and borders beautiful lakes. Brighton Lakes is the perfect location for a great lifestyle. Close ot shopping, entertainment and the beach.

If you are interested in this property or the Myrtle Beach area in general, please contact Kathy Rukat at (843) 267-2710 or Kathy@KathyRukat.com.

North Myrtle Beach Condo For Sale

2701 S. Ocean Blvd., Unit 1206
North Myrtle Beach, SC
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Bay Watch Resort

Start your beach getaway at the Bay Watch Resort located in the Crescent Beach section of North Myrtle Beach. Unit 1206 has undergone some recent renovations including a new dining table and chairs, paint throughout, a new stove and bathroom updates. This ocean front condo comes fully furnished and it is a true one bedroom. You can sleep 8 in this condo with a sleeper sofa, Murphy bed and 2 Double beds in the bedroom. Not only will you be steps away from the majestic Atlantic but you can also take advantage of the vast amenities on-site at the Bay Watch Resort. Those amenities include indoor and outdoor pools, kiddie pools, whirlpools, indoor and outdoor lazy rivers, The Blue Room Cafe ocean front restaurant, Fishtails Beach Bar located on the ocean front pool deck, Sandtrap Sports Bar and Cocktail Lounge, game room, fitness room and convenience store.

If you are interested in this home or the Myrtle Beach area in general, please contact Kathy at (843) 267-2710 or Kathy@KathyRukat.com.

Investment Opportunity at The Palace

The Palace Resort
1605 S. Ocean Blvd., Unit 112 and Unit 1114
Myrtle Beach, SC

My newest listing is a great investment opportunity. Unit 1114, a two bedroom, two bathroom condo, and Unit 112, a one bedroom, one bathroom condo, will be sold together as a package deal. The list price for both condos is $285,000. Both condos have an excellent rental history that includes both summer and winter rentals. The condos are currently producing income for the Sellers. Both condos have been renovated to include tile flooring throughout, new paint, furnishings, decorations and appliances. The Palace amenities include an outdoor pool which is covered during the winter months, jacuzzi, exercise room, sauna and putting green.

If you are interested in these condos or other property in the Myrtle Beach area, please contact Kathy Rukat at Kathy@KathyRukat.com or (843) 267-2710.

Listing Update - SOLD

9651Kings Grant Drive

Murrells Inlet, SC

My listing at 9651 Kings Grant Drive in Murrells Inlet closed Friday, May 15th. This 3 bedroom, 2 bathroom home sold for $143,500.

If you have any questions about this house or the Myrtle Beach market, please contact Kathy Rukat at (843) 267-2710 or Kat@KathyRukat.com. Details about the Myrtle Beach market can be found on my website.

Price Reductions

The Renaissance Tower
Myrtle Beach Resort

I have two listings at The Renaissance Tower in the Myrtle Beach Resort. Both condos have recently had the asking price reduced.

Unit 708 is an efficiency condo. The condo has an ocean view, kitchen, dining area, double bed and bathroom. The price was adjusted to $94,000.

Unit 602 is a one bedroom condo. The condo has an ocean front view. The condo also has a private bedroom. The price was reduced to $148,000.

The current owner has renovated both condos. For more information and pictures of the condos, please visit my website at www.KathyRukat.com. I can also be reached at (843) 267-2710 or Kathy@KathyRukat.com if you have any questions.

For Sale - Condo at The Renaissance Tower

One Bedroom, One Bathroom Condo
The Renaissance Tower

This one bedroom, one bathroom condo is located in The Renaissance Tower at Myrtle Beach Resort. The condo has been renovated and turned into a one bedroom from an efficiency. The condo also has a full kitchen and a large storage closet. Tile flooring has been laid throughout the condo. The balcony off the living area has a direct view of the Atlantic Ocean.

The resort is a 33-acre complex with several styles of buildings and many amenities including pools, Bocce ball, tennis courts, a playground and the Oceanfront Snack Shop.

Listing Update

9651 Kings Grant Drive
Murrells Inlet

My listing at 9651 Kings Grant in Murrells Inlet is now under contract. This house has three bedrooms and two bathrooms. Check back in about 30 days for an update on the final closing price.

If you have any questions about this house or the Myrtle Beach market, please contact Kathy Rukat at (843) 267-2710 or Kathy@KathyRukat.com. Details about the Myrtle Beach market can be found on my website.

March 2009 MLS Stats

March 2009 was an interesting month in real estate for Myrtle Beach. First-time home buyers started showing interest in the market mainly because of the $8,000 tax credit. We have a long way to go but some signs are showing a pick up in the market. It is still a Buyers' Market in Myrtle Beach so jump off the fence if you are in the financial position to purchase a home. Below are the end-of-the-month stats for March 2009. If you have any questions, please add a comment to my blog.

The Residential category includes new construction, single family detached homes, single family semi-detached homes, single family home with HPR, modular homes, manufactured homes on leased land and manufactured homes with land. The Condo/Townhouse category includes new construction, 1/2 duplexes, condos and townhouses.

Total Active Residential - 5,698
Average Listing Price - $431,458
High Price - $7,900,900
Low Price - $13,900

Total Pending Residential - 588
Average Listing Price - $220,028
High Price - $1,249,999
Low Price - $14,500

Total Sold Residential - 223
Average Sold Price - $221,930
Average Listing Price - $239,306
High Sold Price - $1,699,900
Low Sold Price - $19,400

New Residential Listings Added in March 2009 - 796
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Total Active Condo/Townhouse - 6,567
Average Listing Price - $242,376
High Price - $4,469,000
Low Price - $29,900

Total Pending Condo/Townhouse - 602
Average Listing Price - $258,828
High Price - $786,300
Low Price - $19,900

Total Sold Condo/Townhouse - 160
Average Sold Price - $172,409
Average List Price - $189,700
High Sold Price - $900,000
Low Sold Price - $21,000

Total Condo/Townhouse Listings added in March 2009 - 801

For Sale - 2 Condos at The Palace

The Palace, Myrtle Beach, SC

I listed two condos at The Palace this week. The Palace is located at 1605 South Ocean Blvd., Myrtle Beach. Both condos are ocean view and have been recently renovated by the owners. One condo is a one bedroom/one bathroom while the other condo is a two bedroom/two bathroom. Both condos have an excellent history that includes both summer and winter rentals. Both condos are producing income for the current owners. More information and additional pictures will be listed on my website, www.KathyRukat.com, under Featured Properties.

If you have any questions about these condos or other Myrtle Beach property, please let me know. I can be reached at (843) 267-2710 or at Kathy@KathyRukat.com.

Sale Update

775 Plantation Drive, Unit 38

A buyer client of mine successfully closed on the property located at 775 Plantation Drive, Unit 38, Little River, SC. The list price for the property was $108,900 and the property sold for $92,000. This townhouse has 2 bedrooms and 2 1/2 bathrooms.

If you have any questions about Myrtle Beach real estate, please email Kathy Rukat at Kathy@KathyRukat.com or call Kathy at (843) 267-2710.