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5002 Watergate Dr., Myrtle Beach, SC 29588

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For Sale

$595,000

2 beds1 baths1 half baths1,897 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $313.65
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 2517365

Courtesy Of CHICORA REAL ESTATE LLC

(843) 650-0998

Open Houses

July

27

Sunday

In Person

Sunday, July 27, 2025

12:00PM - 3:00PM

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch, Patio
  • Appliances
    Microwave, Range, Refrigerator
  • Architecture Style
    Ranch
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Laminate, Tile
  • Lot Size
    0.27 Acres
  • Rooms
    Bonus Room, Kitchen, Living Room, Workshop
  • View Type
    City

Home seller CENTURY 21 The Harrelson Group

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 The Harrelson Group

(843) 903-3550
Learn More About Us

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