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$435,000
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Property Description
Come live and work from home! This remarkable property sits on a corner lot with over a quarter of an acre right down the street from Market Common! There's NO HOA so you can live the life that you have always wanted on your own terms. This super rare home is located in the neighborhood retail district, which means that you can run a business here. There are endless possibilities! It's currently zoned RE 1 which allows boutique shops, medical clinics, banks, salons, fitness centers, health spas, dry cleaners, bait shops, social organizations, and specialty schools with conditional exceptions for restaurants, bars, and veterinary offices. It could even be your own personal art studio or you could use some of this space for a workshop. This property is truly one-of-a-kind. It is located outside of the city limits and there are no restrictions stopping you from having your boat, RV, golf cart, or motorcycle. So, come bring all your toys and enjoy the freedom of having no hoa! Short-term rentals are allowed, which means that you can rent this home out on Airbnb and VRBO. It would make a great primary residence, second home, or vacation rental. This versatile single-family home has a big southern-style front porch and each side has its own entrance with separate exits. As you enter through the left door, you will see an open floor plan with a large 15x17 living room. There are two spacious bedrooms with a full-size bathroom which has a custom tile walk-in shower. Everything you need is on the ground level, which provides easy access. The kitchen features new stainless steel appliances along with granite countertops, a farmhouse sink, and lovely white cabinets. This entire home has been freshly painted, high-quality laminate flooring has been installed, and LED lights were added. A new hot water heater was put in this year and all of the windows on the residential side have been replaced. Two 22,000 BTU mini-split hvac systems have been professionally installed this year. They can both be controlled remotely with wifi and warranties will be provided. There is a transferable termite bond along with a 2-10 warranty that's being offered for extra peace of mind. The 8x10 laundry room has extra space for a pantry and there's a 30x30 attic upstairs, which can be used for extra storage or you could possibly finish it off. The commercial studio side has about 1,056 HSF and includes a 14x22 garage along with a half bath. This side has its own separate breaker box. This is the perfect space to run your own business! The driveway can currently accomodate 6 cars, but there's plenty of room for an additional parking lot. The fenced-in yard is huge and there are some trees in the back which provide some extra privacy. This is a great place to let your pets run around and play! There is a nice patio where you can relax and grill out with friends. The garage is a side load and the fence has a sliding gate. There are two industrial size exterior lights that automatically come on at night. This unique property is conveniently located to everything that the Grand Strand has to offer! There are several top-notch golf courses nearby, the best fishing spots, numerous delicious restaurants, bars with awesome live music, and tons of places to go shopping! Plus, the beach is only about 10 minutes away! You don't want to miss out on this opportunity to come live the coastal dream life! Schedule your showing today and don't forget to check out the 3D virtual tour! Some photos in this listing have been virtually staged. Not all bedrooms are conforming; contact agent for full bedroom details. Square footage is approximate and not guaranteed. Buyers responsible for verification.
Full Property Details
Full Property Details for 5002 Watergate Dr
General
- Sold For: $435,000
- Status: Closed
- Type: Single Family
- Source: 2260
- MLS ID: 2517365
- Added to Site: 223 day(s) ago
Interior
- Interior Features: Attic, Pull Down Attic Stairs, Permanent Attic Stairs, Bedroom on Main Level, Stainless Steel Appliances, Solid Surface Counters, Workshop
- Appliances: Microwave, Range, Refrigerator
- Flooring: Laminate, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Washer Hookup
Additional Information
- Shared Amenities: Owner Allowed Golf Cart, Owner Allowed Motorcycle, Pet Restrictions, Tenant Allowed Golf Cart, Tenant Allowed Motorcycle
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Fence, Patio
- Porch/Patio/Deck: Front Porch, Patio
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Attached, One Space, Boat, Garage, RV Access/Parking
Location
- Area: 19A Myrtle Beach Area--Socastee
- County: Horry
- Subdivision: Watergate
School Information
- Elementary School: Socastee Elementary School
- Middle School: Forestbrook Middle School
- High School: Socastee High School
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Electric
Utilities
- Water: Public
- Utility Description: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Ranch
- Exterior Const.: Vinyl Siding
- Stories/Levels: 1
- Square Feet: 3,013
- Living Area: 1,897 Sq. Ft.
- Year Built: 1971
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.27
- Lot Size Source: Public Records
- Lot Features: Corner Lot, Outside City Limits
- Zoning: RE 1
Financial Considerations
- Assoc Fee Freq.: Monthly
- Terms: Cash, Conventional, Portfolio Loan
Disclosures and Reports
- Disclosures/Reports: Seller Disclosure
- Property ID: 44106020055
Listed by CB Sea Coast Advantage MI
Sold by Realty ONE Group Dockside
Get Pre-Approved Today
Schools
Schools serving 5002 Watergate Dr
School District:Horry County School District
| Name | Grades | Distance |
|---|---|---|
Socastee Elementary School 4223 Socastee Boulevard, Myrtle Beach, SC 29588 | PK-5 | 1 mi |
Forestbrook Middle School 4430 Gator Lane, Myrtle Beach, SC 29588 | 6-8 | 2.5 mi |
Socastee High School 4900 Socastee Boulevard, Myrtle Beach, SC 29588 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5002 Watergate Dr
Date
Details
Price
Change
Source
12/02/2025
Sold
$435,000
-10.29%
MLS
10/28/2025
Price Reduced
$484,900
-1.02%
MLS
10/21/2025
Price Reduced
$489,900
-1.01%
MLS
10/15/2025
Price Reduced
$494,900
-1%
MLS
10/06/2025
Price Reduced
$499,900
-5.5%
MLS
10/01/2025
Price Reduced
$529,000
-1.65%
MLS
9/24/2025
Price Reduced
$537,900
-1.1%
MLS
9/15/2025
Price Reduced
$543,900
-1.09%
MLS
9/03/2025
Price Reduced
$549,900
-1.63%
MLS
8/25/2025
Price Reduced
$559,000
-1.04%
MLS
8/18/2025
Price Reduced
$564,900
-1.57%
MLS
8/11/2025
Price Reduced
$573,900
-1.03%
MLS
8/04/2025
Price Reduced
$579,900
-1.53%
MLS
7/28/2025
Price Reduced
$588,900
-1.03%
MLS
7/15/2025
Listed
$595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Home Warranty : Included
5002 Watergate Dr., Myrtle Beach, SC 29588 (MLS# 2517365) is a Single Family property that was sold at $435,000 on December 02, 2025. Want to learn more about 5002 Watergate Dr.? Do you have questions about finding other Single Family real estate for sale in Myrtle Beach? You can browse all Myrtle Beach real estate or contact a Coldwell Banker agent to request more information.

