Sales comparison approach using recent sales within Ocean Lakes community, adjusted for size, condition, and ocean view premium.
Raised Beach House with Ocean Views and Dual Owner Suites
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.
See the properties helping shape the valuation.
Comparable sales
- Same living area
- Similar lot size
- Same year built
- Same living area
- Similar lot size
- 1 year newer
- Same living area
- Similar lot size
- 1 year older
A 1996 raised beach on 0.05 acres.
Building
Site & utilities
Ocean Lakes
Researched nearby locations
Location
6001 E5 E 5 Seahorse Lane S Kings Hwy, Myrtle Beach, SC 29575
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.
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.
A factual market snapshot around 6001 E5 E 5 Seahorse Lane S Kings Hwy.
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.
Designated Park
Zoning
Research-indicated uses
- Residential
- Recreational
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- Same living area
- Same living area
What the research supports — and what is still worth verifying.
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
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify land lease terms and conditions
- Review community guidelines and restrictions
- Professional home inspection
- Confirm recent upgrades and maintenance records
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.