Third-floor condo steps from golf, Broadway at the Beach, and the shoreline
Sales comparison approach using recent condo sales in Magnolia Pointe. Adjusted for floor level and lake views.
Perched on the third floor of Magnolia Pointe, Unit 303 delivers a rare combination of lakefront calm and immediate access to Myrtle Beach’s active amenities. The focal point is the large private balcony that faces the development’s lake — a place for coffee, evening grilling, or quiet watching of wading birds and sunset color across the water. With 1,450 square feet and a thoughtful single-level plan, this 3-bedroom, 2-bath condo feels generous and well-proportioned.
Inside, the layout emphasizes living space. The open living and dining area creates a comfortable gathering zone that flows to the balcony, extending usable square footage outdoors. The primary suite provides privacy and ample closet space; two additional bedrooms give flexibility for guests, a home office, or a rental layout. Mechanical systems include central heat and air, and the building’s 2006 construction provides modern framing and efficient systems without sacrificing coastal character.
Magnolia Pointe’s location is one of its strongest draws. Golfers will appreciate being half a mile from Myrtlewood Golf Club, while nightlife and dining at Broadway at the Beach sit about two miles away. For those who want broader coastal access, Myrtle Beach Pavilion and the State Park are within easy driving distance. Assigned surface parking and mid-rise convenience make daily life straightforward; community amenities and common-area condition should be confirmed with the HOA prior to contract.
From an investor or lifestyle perspective, the unit presents solid appeal: recent comparable sales in the complex range from the low $250Ks to the mid-$260Ks, supporting a valuation midpoint of $255,000. Estimated monthly rent is around $1,600, producing a roughly 7.5% gross yield based on local rental patterns — a useful figure for buyers considering seasonal or year-round leasing. Buyers should verify HOA fees, rental rules, and any pending assessments. Schedule a showing to experience the balcony view and to confirm the ready-to-live-in condition and the compelling proximity to Myrtle Beach’s attractions.
4820 Magnolia Lake Dr #303, Myrtle Beach, SC 29577
Magnolia Pointe sits in a convenience-forward pocket of Myrtle Beach where lakefront calm meets tourist amenities. The neighborhood blends mid-rise condo living with mature landscaping, close golf access, and easy drives to Broadway at the Beach and the boardwalk area. Residents enjoy a mix of year-round homeowners and seasonal visitors; local shops, restaurants, and recreational anchors create a lively but not overwhelming coastal lifestyle. Schools are administered by Horry County Schools, and the area supports both investor and family buyers seeking proximity to both recreation and daily conveniences.
Very good recreational access: Myrtlewood Golf Club is 0.5 miles away, Broadway at the Beach and entertainment options within 2–3 miles, and Myrtle Beach State Park and shoreline a short drive for beach and trail access.
The Magnolia Pointe micro-market is currently balanced to slightly seller-favored. Inventory sits at roughly three months — below the 4–6 month neutral threshold — and average days on market are about 35, indicating steady interest without rapid price escalation. Median sale prices in the immediate area are near $250,000, with one-year appreciation at approximately 5% and a five-year trend around 20%. Condo units in this community perform well as both lifestyle homes and short-term or seasonal rentals; recent sales in the building clustered between $250K and $260K, supporting the $255K midpoint valuation for Unit 303. Leasing activity for comparable units shows rents near $1.10–$1.14/ft2 (about $1,600/month), producing attractive gross yields for investors who can navigate HOA rental rules. Given stable demand, limited local inventory, and strong tourism-driven seasonality, this is a favorable window for buyers targeting rental income or long-term appreciation — provided they complete standard due diligence on HOA dues, amenity condition, and any upcoming assessments.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Context only—not an investment recommendation or guarantee of achievable rent.
Routine buyer due diligence items; these are not known defects.
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