5002 Watergate Dr., Myrtle Beach | Watergate

If this property is active (not sold), would you like to see this property? Call Traci at (843) 997-8891 for more information or to schedule a showing. I specialize in Myrtle Beach, SC Real Estate.

$435,000
5002 Watergate Dr.
Myrtle Beach, SC 29588
  • 2Beds
  • 1Full Baths
  • 1Half Baths
  • 1,897SqFt
  • 1971Year Built
  • 0.27Acres
  • MLS# 2517365
  • Residential
  • Detached
  • Sold

  • Approx Time on Market4 months, 16 days
  • AreaMyrtle Beach Area--Socastee
  • CountyHorry
  • Subdivision Watergate

Overview

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.



Sale Info

Listing Date: 07-15-2025

Sold Date: 12-02-2025

Aprox Days on Market: 
    4 month(s), 16 day(s)

Listing Sold: 
    6 month(s), 4 day(s) ago

Asking Price: $595,000

Selling Price: $435,000

Price Difference: 
Reduced By $49,900

Agriculture / Farm

Association Fees / Info

Hoa Frequency:  Monthly

Community Features:  GolfCartsOk, LongTermRentalAllowed, ShortTermRentalAllowed

Assoc Amenities:  OwnerAllowedGolfCart, OwnerAllowedMotorcycle, PetRestrictions, TenantAllowedGolfCart, TenantAllowedMotorcycle

Bathroom Info

Total Baths:  2.00

Halfbaths:  1

Fullbaths:  1

Room Dimensions

Bedroom1: 10x13

Kitchen: 8x13

LivingRoom: 15x17

PrimaryBedroom: 10x15

Room Level

Bedroom1: First

PrimaryBedroom: First

Room Features

Kitchen: Pantry, StainlessSteelAppliances, SolidSurfaceCounters

Other: BedroomOnMainLevel, Workshop

Bedroom Info

Beds:  2

Building Info

Num Stories:  1

Levels:  OneAndOneHalf, One

Year Built:  1971

Zoning:  RE 1

Style:  Ranch

Construction Materials:  VinylSiding

Buyer Compensation

Exterior Features

Patio and Porch Features:  FrontPorch, Patio

Foundation:  Slab

Exterior Features:  Fence, Patio

Financial

Garage / Parking

Parking Capacity:  10

Garage:  Yes

Parking Type:  Attached, OneSpace, Boat, Garage, RvAccessParking

Garage Spaces:  1

Green / Env Info

Interior Features

Floor Cover:  Laminate, Tile

Laundry Features:  WasherHookup

Furnished:  Unfurnished

Interior Features:  Attic, PullDownAtticStairs, PermanentAtticStairs, BedroomOnMainLevel, StainlessSteelAppliances, SolidSurfaceCounters, Workshop

Appliances:  Microwave, Range, Refrigerator

Lot Info

Acres:  0.27

Lot Description:  CornerLot, OutsideCityLimits

Misc

Pets Allowed:  OwnerOnly, Yes

Offer Compensation

Other School Info

Property Info

County:  Horry

Stipulation of Sale:  None

Property Sub Type Additional:  Detached

Security Features:  SmokeDetectors

Disclosures:  SellerDisclosure

Construction:  Resale

Room Info

Sold Info

Sold Date:  2025-12-02T00:00:00

Sqft Info

Total Sqft:  3013

Living Area Source:  Estimated

Sqft:  1897

Tax Info

Unit Info

Utilities / Hvac

Heating:  Electric

Cooling:  WallWindowUnits

Cooling:  Yes

Utilities Available:  CableAvailable, ElectricityAvailable, PhoneAvailable, SewerAvailable, WaterAvailable

Heating:  Yes

Water Source:  Public

Waterfront / Water

Courtesy of Cb Sea Coast Advantage Mi  - Office: 843-650-0998

Featured Lender

As a proud resident of Myrtle Beach since 1996, I’ve witnessed the growth and beauty of this coastal paradise firsthand. My wife and I moved here with our two grown children, and we’re now delighted grandparents. Whether it’s a sunny day on the tennis court, a round of golf, or a relaxing stroll along the beach, we cherish every moment spent outdoors with our family.

After graduating from the University of Maryland in 1986, I embarked on my mortgage career, and I’ve never looked back. With decades of experience, I’ve honed my skills to provide top-notch service that consistently exceeds expectations. Being recognized as a top 1% originator in the country since 2016 by Mortgage Executive Magazine is both an honor and a testament to my commitment to excellence.

My philosophy is simple: service first. When clients choose me as their mortgage advisor, they’re placing their trust in me to navigate the complexities of the home financing process. Whether it’s a first-time homebuyer, a seasoned investor, or someone refinancing their existing loan, I’m dedicated to ensuring a smooth closing. Your dreams of homeownership are my priority.

I believe in the power of collaboration. By partnering closely with the real estate community along the Grand Strand, I can serve a diverse range of customers. Whether you’re looking for a beachfront condo, a family home, or an investment property, I’m here to guide you every step of the way. Let’s turn your real estate aspirations into reality!

Contact me today for personalized mortgage solutions tailored to your needs.

Mortgage Calculator

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Price & Status History (on tracimiles.com since Tue, Jul 15th 2025)
  • Original Price: $595,000
  • Current Price: $484,900
  • Price Reduced: $110,100
Date ChangedFromTo
12/02/2025Active Under ContractSold
11/03/2025ActiveActive Under Contract
10/28/2025$489,900 $484,900 Reduced by $5,000
10/21/2025$494,900 $489,900 Reduced by $5,000
10/15/2025$499,900 $494,900 Reduced by $5,000
10/06/2025$529,000 $499,900 Reduced by $29,100
10/01/2025$537,900 $529,000 Reduced by $8,900
09/24/2025$543,900 $537,900 Reduced by $6,000
09/15/2025$549,900 $543,900 Reduced by $6,000
09/03/2025$559,000 $549,900 Reduced by $9,100
08/25/2025$564,900 $559,000 Reduced by $5,900
08/18/2025$573,900 $564,900 Reduced by $9,000
08/11/2025$579,900 $573,900 Reduced by $6,000
08/04/2025$588,900 $579,900 Reduced by $9,000
07/28/2025$595,000 $588,900 Reduced by $6,100

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