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Waterway Palms Plantation in Myrtle Beach - Buy for 17 Cents on the Dollar!

Waterway Palms Plantation in Myrtle Beach - Buy for 17 cents on the Dollar


Waterway Palms Plantation is one fine Myrtle Beach Neighborhood. It is located on the Waterway, only minutes to the Beach and close to everything our Area has to offer. It is a gated neighborhood with one of the finest Amenity Centers I’ve ever seen. The Homes are all gorgeous and well built. I could do on and on with the superlatives…


Which is all the more reason I was surprised to find out that within the past four and a half years, lot prices in Waterway Palms Plantation have dropped over 83%. Go ahead, read that figure again: prices plummeted more than 83%!!!


That means that in 2010 you could buy the same lot you bought in 2005 for less than 17 cents on the dollar (16.87% to be exact). If that’s not a discount, I don’t know what is!

LAND Summary Statistics

High

Low

Average

Median

LP:

$437,900

$139,900

$230,285

$165,000

SP:

$460,000

$135,000

$230,647

$165,000

Lots – Sold in Waterway Palms Plantation in 2005

ADDRESS

MLS #

Status

DOM

LP

SP

Lot #196 Crystal Water Way

182737

SOLD-CO-OP BY CCAR MEMBER

189

$139,900

$135,000

Lot #201 Crystal Waterway

196221

SOLD-INNER OFFICE

85

$139,900

$137,400

Lot #200 Crystal Waterway

196231

SOLD-INNER OFFICE

85

$139,900

$137,400

Lot #189 Crystal Water Way

189267

SOLD-CO-OP BY CCAR MEMBER

199

$139,900

$139,900

Lot #190 Crystal Water Way

189261

SOLD-CO-OP BY CCAR MEMBER

199

$139,900

$139,900

Lot #220 Crystal Waterway

197288

SOLD-INNER OFFICE

108

$149,900

$143,000

Lot# 219 Crystal Waterway

197289

SOLD-INNER OFFICE

94

$149,900

$149,900

Lot #215 Crystal Water Way

199649

SOLD-CO-OP BY CCAR MEMBER

105

$159,900

$154,000

Lot #171 West Palms Drive

194529

SOLD-CO-OP BY CCAR MEMBER

121

$154,900

$154,900

Lot #145 West Palms Drive

189755

SOLD-CO-OP BY CCAR MEMBER

141

$159,900

$159,900

Lot #231 Crystal Water Way

182641

SOLD-INNER OFFICE

143

$165,000

$165,000

Lot #328 Crystal Water Way

185684

SOLD-CO-OP BY CCAR MEMBER

159

$169,900

$168,900

Lot #321 Crystal Water Way

182373

SOLD-INNER OFFICE

281

$189,900

$189,900

Lot #293 Castille Drive

182736

SOLD-CO-OP BY CCAR MEMBER

162

$219,900

$219,900

Lot #265 Isle of Palms Avenue

190661

SOLD-INNER OFFICE

49

$219,900

$219,900

Lot #25 West Palms Drive

181734

SOLD-INNER OFFICE

157

$359,900

$359,900

Lot #72 West Palms Drive

190646

SOLD-INNER OFFICE

68

$399,900

$399,000

Lot #44 West Palms Drive

189269

SOLD-CO-OP BY CCAR MEMBER

186

$399,900

$399,900

Lot # 71 West Palms Drive

191724

SOLD-CO-OP BY CCAR MEMBER

37

$399,900

$399,900

LOT #70 West Palms Drive

191720

SOLD-CO-OP BY CCAR MEMBER

53

$399,900

$410,000

LOT #55 West Palms Drive

191997

SOLD-INNER OFFICE

175

$437,900

$460,000

Total Listings

Avg

Avg

Avg

21

133

$230,285

$230,647

LAND Summary Statistics

High

Low

Average

Median

LP:

$75,000

$27,500

$43,846

$39,900

SP:

$71,250

$26,000

$38,925

$39,000

LAND - Sold

ADDRESS

MLS #

Status

DOM

LP

SP

Lot 511 Waterway Palms Plantation

900518

SOLD-INNER OFFICE

315

$36,000

$26,000

Lot 695 Waterway Palms

922545

SOLD-CO-OP BY CCAR MEMBER

61

$34,900

$27,000

619 Mt. Pleasant Drive

919124

SOLD-CO-OP BY CCAR MEMBER

85

$27,500

$27,500

Lot 544 Waterway Palms

921604

SOLD-CO-OP BY CCAR MEMBER

70

$27,500

$30,585

8801 East Bay Ct

924292

SOLD-CO-OP BY CCAR MEMBER

55

$34,900

$32,000

Lot 13 Rue de Jean Ave

915738

SOLD-CO-OP BY CCAR MEMBER

107

$35,000

$32,000

973 CRYSTAL WATER WAY

822905

SOLD-CO-OP BY CCAR MEMBER

362

$47,000

$39,000

LOT 625 WATERWAY PALMS PLANTATION

908674

SOLD-CO-OP BY CCAR MEMBER

240

$39,900

$39,900

LOT 626 WATERWAY PALMS PLANTATION

908672

SOLD-CO-OP BY CCAR MEMBER

216

$39,900

$39,900

Lot 156 Waterway Palms Plantation

827105

SOLD-INNER OFFICE

160

$67,500

$40,000

LOT 587 WATERWAY PALMS PLANTATION

908675

SOLD-CO-OP BY CCAR MEMBER

194

$44,900

$44,900

121 Waterway Palms Plantation

827937

SOLD-CO-OP BY CCAR MEMBER

131

$60,000

$56,000

550 Waterway Palms Plantation

901988

SOLD-CO-OP BY CCAR MEMBER

79

$75,000

$71,250

Total Listings

Avg

Avg

Avg

13

159

$43,846

$38,925

Mirela Monte, Your Myrtle Beach Real Estate Connection

Posted Saturday Feb 27