Property listing for 4820 Magnolia Lake Dr #303, Myrtle Beach, SC 29577
For SaleCondo

$255,000

4820 Magnolia Lake Dr #303, Myrtle Beach, SC 29577

Lake-View 3BR/2BA Condo with Spacious Balcony in Magnolia Pointe

3 Bed · 2 Bath · 1,450 Sq Ft

Third-floor condo steps from golf, Broadway at the Beach, and the shoreline

3

Beds

2

Baths

1,450

Sq Ft

2006

Built

About 4820 Magnolia Lake Dr #303

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.

Home Highlights

Large lake-view balcony1,450 sq ft — 3BR/2BAThird-floor setting (Unit 303)Assigned surface parkingClose to Myrtlewood Golf Club (0.5 mi)Estimated monthly rent: $1,600Valuation midpoint: $255,000Built 2006 — good condition

Property Features

Interior Features

  • 1,450 square feet, single-level living
  • 3 bedrooms, 2 full bathrooms
  • Open living and dining area with balcony access
  • Primary suite with ample closet space
  • Central heat and air conditioning
  • Built 2006 — wood-frame construction

Exterior & Lot

  • Large private balcony with lake views
  • Mid-rise condominium building (third floor unit)
  • Assigned surface parking
  • Level site with landscaped lakefront grounds
  • Asphalt shingle roof (building)

Location & Neighborhood

  • Magnolia Pointe community — strong vacation and year-round appeal
  • 0.5 mi to Myrtlewood Golf Club
  • 2 mi to Broadway at the Beach
  • 3 mi to Myrtle Beach Pavilion
  • 5 mi to Myrtle Beach State Park

Walkability & Recreation

  • Walkability Rating: 55/100 — Some Walkable Amenities
  • Close access to golf, shopping, and dining
  • Myrtle Beach State Park and beachfront within a short drive
  • Local green spaces and lakefront paths
  • Nearby entertainment at Broadway at the Beach (2 miles)
  • Community recreation facilities (verify HOA for specifics)

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Myrtle Beach Elementary School

Elementary

6/10

Myrtle Beach Middle School

Middle

5/10

Myrtle Beach High School

High

6/10

Walkability & Recreation

55
Walkability
80
Recreation

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.

Investment Highlights

  • Lake views from private balcony
  • Close proximity to Myrtlewood Golf Club (0.5 miles)
  • Near major Myrtle Beach attractions — Broadway at the Beach (2 miles)
  • Steady market with 5% annual appreciation
  • Ideal for vacation rental investment

Key Findings

  • Recent sale in 2021 at $225,000
  • Located in Magnolia Pointe, known for strong community appeal
  • Zoned for multi-residential and vacation rental uses
  • Myrtle Beach Elementary School (6/10 rating)
  • Stable market environment with moderate appreciation

Things to Consider

  • HOA fees and potential upcoming assessments
  • Moderate school ratings may affect family buyer interest
  • Common area maintenance verification needed

Opportunity Analysis

Well-positioned condo in Myrtle Beach with strong rental potential and appealing lifestyle features such as lake views and proximity to attractions.

Potential Use Scenarios

  • Consider as a vacation rental investment for high seasonal demand
  • Evaluate for personal use with lifestyle amenities
  • Review HOA policies for rental income potential

Risk Factors

  • Potential for increased HOA fees
  • Moderate school ratings impacting resale to families
  • Verify condition of amenities and common areas

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$245K

Midpoint

$255K

High

$265K

$175/SF estimated price per square foot

83% confidence

Sales comparison approach using recent condo sales in Magnolia Pointe. Adjusted for floor level and lake views.

As of 2026-03-08

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$250,000
Avg Days on Market35 days
Inventory3 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)7,500
Median Income (1 mi)$60,000

Growing community with increasing demand for vacation properties and condos.

Nearby Points of Interest

  • Myrtlewood Golf Club (0.5 mi)
  • Myrtle Beach Pavilion (3 mi)
  • Broadway at the Beach (2 mi)
  • Myrtle Beach State Park (5 mi)

Close to golf courses, shopping, and entertainment venues. Easy access to Myrtle Beach attractions.

School District

DistrictHorry County Schools
ElementaryMyrtle Beach Elementary School (6/10)
MiddleMyrtle Beach Middle School (5/10)
HighMyrtle Beach High School (6/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2006
Constructionwood frame
Stories1
Roofasphalt shingle
Heatingcentral
Coolingcentral AC
Basementnone
FireplaceNo
Conditiongood

Lot & Site

Topographylevel
Parkingsurface_lot
Parking Spaces2

Utilities

Watermunicipal
Sewermunicipal
ElectricSantee Cooper
Gasnone

Zoning & Land Use

Zoning CodeMRD2
DescriptionMulti-Residential District
JurisdictionHorry County

Allowed Uses

multi family dwellingscondominiumsvacation rentals
Current Useresidential
Assessor UseResidential

Tax & Sale History

Tax Assessment

Sale History

2021-05-15$225,000

$155/SF

Recent sale transaction sourced from Redfin

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