Property listing for 500 Fairway Village Dr Unit 8E, Myrtle Beach, SC 29588
For SaleCondo

$84,900

500 Fairway Village Dr Unit 8E, Myrtle Beach, SC 29588

Top-Floor Studio with Vaulted Ceilings and Private Balcony

0 Bed · 1 Bath · 594 Sq Ft

Island Green condo near golf, pools, and beaches — affordable, updated, move-in ready

0

Beds

1

Baths

594

Sq Ft

1986

Built

Assigned parking, no garage

Garage

About 500 Fairway Village Dr Unit 8E

This top-floor studio in Island Green immediately stands out for its soaring vaulted ceilings and private balcony — a rare combination in an economical Myrtle Beach condo. At roughly 594 square feet, the layout feels larger than the numbers suggest, with newer vinyl plank flooring underfoot and an open living area that captures the breezy, coastal vibe of the community. The private balcony faces quiet landscaping and provides a small outdoor retreat after a day at the beach or on the green.

The functional, single-bath floorplan is an ideal match for a first-time buyer, seasonal homeowner, or investor. Mechanical systems include central heating and cooling; the building’s construction (1986, wood frame) gives the unit classic Mid-80s condominium bones that have been refreshed where it matters. Storage and ease of access are enhanced by this top-level position — no upstairs neighbors and an airy, uncluttered feel throughout.

Island Green’s amenities are a major part of the lifestyle: residents enjoy access to two community pools and adjacency to the neighborhood golf course. Surfside Beach is only about seven miles away and Murrells Inlet dining and marsh access sits roughly eight miles south — convenient drives whether you’re hunting for a day on the sand or waterfront restaurants. Practical details include one assigned parking space and public utilities; buyers should verify current HOA fees and rules as part of due diligence.

Market-savvy shoppers will note recent comparable sales inside the complex clustered between roughly $80,000 and $100,000, and a current valuation midpoint around $85,000. Rental comps in the building support short-term or long-term leasing potential (est. rent ~$900/month), making this unit appealing for investors looking for affordable inventory with steady local demand. Schedule a showing to experience the vaulted ceiling and balcony perspective in person — this is an accessible entry point to Myrtle Beach living and Island Green community life.

Home Highlights

Top-floor studio with vaulted ceilingsPrivate balcony overlooking landscapingNewer vinyl plank flooringAccess to two community poolsAdjacent golf course (Island Green)Assigned parking spaceListed at $84,900 — strong comps between $80K–$100KEstimated rental income: ~$900/month

Property Features

Interior Features

  • Top-floor studio layout
  • Vaulted ceilings
  • Newer vinyl plank flooring
  • One full bathroom
  • Central heat and air
  • Private balcony

Exterior & Lot

  • Assigned parking (one space)
  • Two community pools
  • Adjacent golf course (Island Green)
  • Wood-frame construction (1986)
  • Asphalt shingle roof
  • Level site

Location & Neighborhood

  • Island Green community
  • Approximately 7 miles to Surfside Beach
  • Approximately 8 miles to Murrells Inlet dining and marshes
  • Hwy 31 access ~3 miles
  • Horry County Schools district — St. James schools

Walkability & Recreation

  • Walkability Rating: 35/100 — Car-Dependent
  • Community pools and on-site golf access
  • Beaches within a short drive (Surfside Beach ~7 miles)
  • Murrells Inlet waterfront dining ~8 miles
  • Local driving access to Hwy 31 for regional travel
  • Neighborhood green spaces and quiet residential streets

Neighborhood & Location

Island Green is a mature, golf-oriented community tucked a short drive from Myrtle Beach’s eastern shoreline. The neighborhood’s character is defined by its fairways, low-rise condo buildings, and resident-focused amenities like multiple pools. Daily life here blends quiet residential streets with easy access to coastal recreation: Surfside Beach is only minutes away for sun and surf, while Murrells Inlet offers seafood restaurants and marshland excursions. Commuting is straightforward via Hwy 31, and family buyers will appreciate assignment to St. James schools in the Horry County system.

Market Insights

The local Myrtle Beach condo market for affordable units like this studio is showing continued interest from both investors and budget-conscious buyers. Recent comparable sales within the same complex traded in a tight band — roughly $80k to $100k — supporting the current list price of $84,900 and an estimated value midpoint around $85k. Rental comparables point to monthly rents near $900, producing a gross rental yield in the neighborhood of 12–13% based on current pricing, which keeps investor demand steady. While broad market metrics (county-wide median sale price, inventory months, and average DOM) are not available in this data set, micro-market signals from Island Green indicate active turnover and consistent appeal because of golf-course adjacency and proximity to beaches.

For buyers: this segment often leans toward a seller’s advantage when inventory is limited and priced under $100k, but affordability keeps a steady stream of potential purchasers in the market. For investors: the high gross yield and proven rental comparables make this an attractive buy-and-hold or short-term rental candidate — subject to HOA rules. Recommended next steps are verifying HOA fees/inclusions, confirming parking arrangements, and assessing the building’s maintenance plans before purchase.

Nearby Schools

St. James Elementary School

Elementary · Varies (district assigned)

7/10

St. James Middle School

Middle · Varies (district assigned)

7/10

St. James High School

High · Varies (district assigned)

7/10

Walkability & Recreation

35
Walkability
75
Recreation

Very good golf and pool access on-site with island beaches reachable in about 7 miles; Murrells Inlet waterfront dining and marsh recreation are approximately 8 miles away.

Investment Highlights

  • Top-floor studio with vaulted ceilings and private balcony
  • Access to two community pools and golf courses
  • Located 7 miles from Surfside Beach and 8 miles from Murrells Inlet
  • Recent updates include newer vinyl plank flooring
  • Strong school district with highly rated schools

Key Findings

  • Listed at $84,900 in March 2026
  • Previous sales: $19,500 in 2013; $28,000 in 2002
  • Comparable units sold between $80,000 and $100,000
  • Built in 1986 with 594 sq ft of living space
  • Community amenities include pools and golf courses

Things to Consider

  • Potential for HOA fee increases
  • Limited parking with only one assigned space
  • Age of the building may require future maintenance

Opportunity Analysis

Affordable studio condo in a desirable community with strong appreciation potential and access to amenities.

Potential Use Scenarios

  • Ideal for investors seeking rental income
  • Suitable for individuals seeking a vacation home
  • Potential for long-term appreciation

Risk Factors

  • HOA fee increases
  • Potential maintenance due to building age
  • Limited parking availability

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

AI Valuation Estimate

Low

$80K

Midpoint

$85K

High

$90K

$143/SF estimated price per square foot

80% confidence

Sales comparison approach using recent comparable sales within the same complex and nearby area.

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

Demographics

The area has experienced steady growth due to its proximity to Myrtle Beach attractions and amenities.

Nearby Points of Interest

  • Surfside Beach (7 miles)
  • Murrells Inlet (8 miles)
  • Hwy 31 access (3 miles)

Located in the Island Green community, offering access to golf courses, community pools, and proximity to beaches and local attractions.

School District

DistrictHorry County Schools
ElementarySt. James Elementary School
MiddleSt. James Middle School
HighSt. James High School

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

Property Details

Building Details

Year Built1986
Constructionwood frame
Stories1
Roofasphalt shingle
Heatingcentral
Coolingcentral
Basementnone
FireplaceNo
Conditiongood

Lot & Site

Topographylevel
Parkingassigned
Parking Spaces1

Utilities

Waterpublic
Sewerpublic
Electricavailable
Gasnot available

Zoning & Land Use

Zoning CodeMF
DescriptionMulti-Family Residential
JurisdictionHorry County

Allowed Uses

multi family residentialcondominiums
Current Useresidential
Assessor UseCondominium

Tax & Sale History

Tax Assessment

Sale History

2025-07-31$87,900

$148/SF

Price change recorded in MLS.

2025-05-04$89,900

$151/SF

Price change recorded in MLS.

2025-04-01$92,900

$156/SF

Price change recorded in MLS.

2025-01-07$94,900

$160/SF

Listed for sale in MLS.

2013-08-19$19,500

$33/SF

Sold per MLS records.

2002-04-12$28,000

$47/SF

Sold per MLS records.

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