Myrtle Beach’s Luxurious Real Estate Market: Ten Most Expensive Homes

News Summary

Explore the upscale real estate market of Myrtle Beach as we highlight the ten most expensive homes currently listed. Discover stunning properties, their unique features, and the luxurious lifestyle on offer in this coastal gem. From the mayor’s mansion to waterfront wonders, each home showcases the best of beach living and modern luxury amidst market trends.

Myrtle Beach’s Luxurious Real Estate Market: A Dive into the Ten Most Expensive Homes!

Welcome to Myrtle Beach, a shining gem on South Carolina’s coast where the sun, surf, and luxurious homes create a perfect blend of beach life! Known for its stunning oceanfront and charming community, Myrtle Beach is not just a tourist hotspot but also a paradise for high-end real estate seekers. If you’re curious about the lavish lifestyles in this area, you’re in the right place! Let’s take a peek at the ten most expensive homes currently listed in this coastal haven.

Top of the List: The Mayor’s Mansion

First up, we have a true showstopper—the most expensive home on the market, which is none other than a nearly 10,000-square-foot mansion on Ocean Blvd. North! This sprawling estate, built in 1932, boasts eight bedrooms, eight bathrooms, and a stunning pool, all for a cool $6.75 million. Interestingly, this mansion is currently owned by Brenda Bethune, the Mayor of Myrtle Beach herself! It first graced Zillow on October 14, 2024, and with its classic architecture and proximity to the beach, it’s hard not to dream of living here!

Waterfront Wonder on Lake Drive

Next on our luxurious list is a beautiful home located at 9400 Lake Drive. This spectacular property is also nearly 10,000 square feet but is a modern build from 2007. It has seven bedrooms and 12 bathrooms, with a listing price of $6.45 million. You’ll find a fancy water fountain in the driveway along with a lovely pool and hot tub, perfect for those sunny South Carolina days! This gem was listed on Zillow back in May 2024 and is perfectly situated near the prestigious Dunes Golf and Beach Club, which will be the host site for the second-ever Myrtle Beach Classic PGA Tour tournament in May 2025.

Charming Coastal Retreat

Then there’s the stunning property at 8702 North Ocean Blvd. This beauty was built in 2014 and has five bedrooms, seven bathrooms, along with a gigantic pool and hot tub. What’s more, it features a direct pathway to the beach! All of this can be yours for $6.25 million. It was listed on Zillow on December 30, 2024, just in time for some winter sunshine dreaming!

A Touch of Nostalgia

If history is your thing, you might be interested in a lovely four-bedroom, six-bathroom home at 8922 North Ocean Blvd. Built in 2000, this home has an asking price of $5.99 million and is nestled close to the Dunes Golf and Beach Club. It previously sold for around $2.59 million back in February 2020, but it’ll make someone very happy with its pool, beach access, and charm!

More Modern Options

Last but certainly not least on our list is a delightful five-bedroom, eight-bathroom home located at 8810 North Ocean Blvd. Built in 2006, it’s priced at $4.87 million and is just a hop, skip, and jump away from the beach! Originally sold for $1.56 million in 2017, this home highlights the trend of rising prices in the Myrtle Beach market.

Market Trends and What’s Next

Interestingly, the Myrtle Beach housing market has been experiencing a bit of a twist in 2024. While high-end sales continue to flourish, typical home sales are slowing down. In October 2024, only 151 homes were sold, a notable 22.6% decrease from the previous year. This slowdown is largely due to rising interest rates and some economic uncertainty that has buyers feeling a bit cautious.

Despite this, the median sale price for homes has seen a steady increase, rising to $310,000 in October 2024—a 14% increase from the previous year! Homes are now taking a bit longer to sell, with the median days on the market sitting at 103 days, up from 78 days in 2023.

According to forecasts, we may see a slight decline in property values in the coming months, but a positive turnaround is anticipated by September 2025. The Myrtle Beach area remains an attractive option for buyers seeking a coastal lifestyle without breaking the bank, especially when compared to other coastal markets!

So whether you’re daydreaming about oceanfront estates or just want to soak in some local real estate trends, Myrtle Beach sure has a lot to offer!