Property listing for 6001 E5 E 5 Seahorse Lane S Kings Hwy, Myrtle Beach, SC 29575
For SaleSingle Family Home

$699,500

6001 E5 E 5 Seahorse Lane S Kings Hwy, Myrtle Beach, SC 29575

Raised Beach House with Ocean Views and Dual Owner Suites

4 Bed · 3.5 Bath · 2,800 Sq Ft

Fully furnished 4BR/3.5BA in gated Ocean Lakes—upgrades, accessibility, ocean proximity

4

Beds

3.5

Baths

2,800

Sq Ft

1996

Built

0.05 acres

Lot

Underground parking (4 spaces)

Garage

About 6001 E5 E 5 Seahorse Lane S Kings Hwy

This raised beach house in Ocean Lakes makes a strong first impression: generous 10-foot main-level ceilings, a handicapped-accessible ramp, and a main-level owner’s suite designed for everyday comfort. Thoughtfully configured across 2,800 square feet, the home offers two owner's suites—one on the main level with extra-wide doorways and another on the upper level with a private sitting area—plus two roomy guest bedrooms and a full hall bath upstairs.

The interior is appointed for turnkey coastal living. Owners have invested in modern systems and convenience: Lutron Smart Wi‑Fi lighting, Nest/Google thermostats, an under-sink water filtration system, and two new HVAC units installed in 2025. The home is offered fully furnished and shows well; a 2015 roof and front-deck floorboards replaced in 2024 reduce near-term maintenance concerns. Practical features like an underground garage with remote opener and ample covered storage are especially valuable in a beach community.

Outside, the elevated footprint preserves precious lot area while delivering partial ocean views typical of this section of Ocean Lakes. The lot’s compact 0.05-acre footprint means minimal exterior upkeep and easy lock-and-leave capability—an appealing trait for seasonal owners or short-term rental operations. The community itself amplifies the lifestyle: pools, water park with slides and lazy river, tennis and basketball courts, dog park, playgrounds, 24-hour security, and beachside amenities are all at hand.

Location is a core advantage. Ocean Lakes Recreation Center and Water Park sit moments away, Myrtle Beach State Park is approximately 1.5 miles from the front door, and Market Common’s shopping and dining options are an easy 2.5-mile drive. Whether you’re seeking a family retreat, an accessible primary residence close to the shore, or a furnished rental with strong demand, this property pairs practical upgrades with community-driven value. Note: the lot is on leased land with semiannual payments due in January and July—buyers should verify lease terms as part of due diligence.

Walkable community services, robust amenities, and recent mechanical investments make this an appealing mid-market beach offering. Schedule a tour to evaluate the layout, accessibility features, and turnkey furnishings that set this Ocean Lakes home apart.

Home Highlights

Fully furnishedMain-level owner's suite with accessibility featuresTwo new HVAC units (2025)Front deck updated (2024)10-foot main-level ceilingsUnderground garage and ample storageLocated in gated Ocean Lakes community with extensive amenitiesPartial ocean views

Property Features

Interior Features

  • 4 bedrooms, 3.5 bathrooms
  • Two owner's suites (main level + upper level with sitting area)
  • 10-foot ceilings on main level
  • Handicap-accessible ramp and extra-wide doorways
  • Lutron Smart Wi-Fi lighting
  • Nest/Google Wi-Fi thermostats
  • Under-sink water filtration system
  • Fully furnished (per listing)

Exterior & Lot

  • Raised beach house design
  • 0.05 acre lot (2,178 sqft)
  • Front deck floorboards replaced in 2024
  • Roof replaced in 2015
  • Two new HVAC units installed 2025
  • Underground parking garage (estimated 4 spaces)

Location & Neighborhood

  • Located in gated Ocean Lakes community
  • Ocean Lakes Recreation Center and Water Park nearby (0.1–0.2 mi)
  • Myrtle Beach State Park ~1.5 miles
  • Market Common Shopping Center ~2.5 miles
  • 24-hour security, community pools, playgrounds and dog park

Walkability & Recreation

  • Walkability Rating: 54/100 — Some Walkable Amenities
  • Ocean Lakes pools, water park, and recreation complex within walking distance
  • Myrtle Beach State Park (1.5 miles) offers beachfront access and trails
  • Beach access and boardwalks within easy driving distance
  • Community courts, playgrounds, and green spaces for daily recreation

Neighborhood & Location

Ocean Lakes is a self-contained coastal community prized for family-friendly amenities and easy beach access. With pools, a water park, playgrounds, courts, a dog park, and 24-hour security, the development supports both vacation lifestyles and year-round living. Nearby Myrtle Beach State Park provides natural shoreline and walking trails, while Market Common offers dining, shopping, and cinema options about a short drive away. The community’s recreational focus and proximity to key Myrtle Beach destinations create a relaxed, active coastal lifestyle.

Market Insights

Local market indicators point to a balanced-to-seller-leaning environment for homes like this in the Ocean Lakes area. Inventory sits around three months—tight enough to keep competition active but not overheated—and average days on market are about 45 days. Recent comps within Ocean Lakes show closed sales between $650,000 and $700,000, supporting a fair market range consistent with the current listing of $699,500. One-year appreciation in the broader Myrtle Beach market is roughly 5%, with five-year appreciation near 25%, indicating steady, long-term demand for coastal properties.

For this property type—raised beach single-family homes with community amenities and ocean views—demand is typically resilient. These homes attract both buyers seeking primary or second homes and investors pursuing vacation rental revenue; rent comps average near $3,500/month and yield a gross rental rate around 6.2% per year. Important caveats: this property sits on leased land with semiannual payments, which affects carrying costs and resale considerations. Given average days on market and the premium buyers place on ocean views and community facilities, careful pricing and clear lease disclosure should position sellers well and offer buyers a credible entry into a compact, amenity-rich segment of the market.

Nearby Schools

Lakewood Elementary School

Elementary

9/10

Socastee Middle School

Middle

7/10

Socastee High School

High

7/10

Walkability & Recreation

54
Walkability
82
Recreation

Excellent on-site recreation with Ocean Lakes pools and water park within walking distance, Myrtle Beach State Park 1.5 miles away for beach access and trails, and community courts and playgrounds for daily activity.

Investment Highlights

  • Fully furnished 4BR/3.5BA beach house with ocean views
  • Recent upgrades including new HVAC units (2025) and roof replacement (2015)
  • Located within gated Ocean Lakes community offering extensive amenities
  • Proximity to Myrtle Beach State Park and Market Common Shopping Center
  • Handicapped accessible features including ramp and main level owner's suite

Key Findings

  • Property last sold in June 2024 for $725,000
  • Current listing price of $699,500 aligns with recent market trends
  • Ocean Lakes community offers extensive amenities and 24-hour security
  • Recent upgrades enhance property value and reduce near-term maintenance costs
  • Proximity to local attractions enhances lifestyle appeal

Things to Consider

  • Property is on leased land with semiannual payments due in January and July
  • Slight depreciation since last sale in 2024 may indicate market fluctuations
  • Limited lot size of 0.05 acres may not appeal to all buyers
  • Potential for increased competition from similar properties within the community
  • Dependence on community amenities may be a factor for some buyers

Opportunity Analysis

Fully furnished beach house with ocean views and modern amenities within a gated community offering extensive facilities. Recent upgrades and proximity to local attractions enhance investment potential.

Potential Use Scenarios

  • Ideal for personal use or vacation rental investment
  • Leverage community amenities to attract potential renters
  • Monitor market trends for optimal timing of future resale
  • Consider potential for appreciation given recent upgrades and location

Risk Factors

  • Property is on leased land with associated costs
  • Market fluctuations may impact future resale value
  • Limited lot size may not appeal to all buyers
  • Dependence on community amenities may be a factor for some buyers

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

AI Valuation Estimate

Low

$650K

Midpoint

$675K

High

$700K

$241/SF estimated price per square foot

80% confidence

Sales comparison approach using recent sales within Ocean Lakes community, adjusted for size, condition, and ocean view premium.

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$500,000
Avg Days on Market45 days
Inventory3 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)5,000
Median Income (1 mi)$55,000

Steady population growth with increasing demand for vacation rentals. Walkability Rating estimate: 54/100.

Nearby Points of Interest

  • Ocean Lakes Recreation Center (0.1 mi)
  • Ocean Lakes Water Park (0.2 mi)
  • Myrtle Beach State Park (1.5 mi)
  • Market Common Shopping Center (2.5 mi)

Located within Ocean Lakes community offering extensive amenities including pools, water park, and recreational facilities. Proximity to Myrtle Beach State Park and Market Common Shopping Center enhances lifestyle appeal.

School District

DistrictHorry County Schools
ElementaryLakewood Elementary School (9/10)
MiddleSocastee Middle School (7/10)
HighSocastee High School (7/10)

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

Property Details

Building Details

Year Built1996
Constructionwood frame
Stories2
Roofshingle
Heatingcentral electric
Coolingcentral air
Basementnone
FireplaceNo
Conditiongood

Lot & Site

Lot Size0.05 acres (2,178 SF)
Topographylevel
Parkingunderground
Parking Spaces4
FrontageStandard frontage within Ocean Lakes community

Utilities

Waterpublic
Sewerpublic
Electricavailable
Gasnot specified

Zoning & Land Use

Zoning CodeDP
DescriptionDesignated Park
JurisdictionHorry County

Allowed Uses

residentialrecreational
Current Useresidential

Tax & Sale History

Tax Assessment

Sale History

2024-06-19$725,000

$439/SF

Sale recorded in 2024

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