4856 Carnation Circle #205
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 19, 2024 | No longer available | - | |
| No longer available | |||
| Apr 24, 2024 | Listed | $254,000 | |
| Listed | |||
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Situated within the lush surroundings of the Myrtlewood golf course. This beautifully furnished 2 bed 2 bath condo offers the perfect blend of comfort and convenience, ideal for both vacation getaways and as a second home. This end unit provides a serene setting with vaulted ceilings and an extra window, creating a spacious and airy feel throughout. With no unit above you, enjoy added privacy and tranquility. Step into the sleek kitchen featuring granite countertops, perfect for preparing delicious meals or entertaining guests. The open floor plan seamlessly connects the kitchen to the living and dining areas, creating a wonderful space for relaxation and socializing. Both bedrooms are generously sized, offering comfortable accommodations for you and your guests. The master bedroom boasts an ensuite bathroom, providing a private oasis to unwind after a day of beach activities. Speaking of the beach, this condo is just a short golf cart ride away from the pristine sandy shores and vibrant shopping destinations. Whether you're soaking up the sun or exploring local boutiques, everything you need is within easy reach. Looking to generate extra income? This condo can be rented short term, offering a fantastic investment opportunity. Take advantage of the high demand for vacation rentals in this sought-after location. Don't miss out on this incredible opportunity to own your slice of paradise. Schedule a showing today and start living the beach lifestyle you've always dreamed of!
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| Mar 23, 2023 | No longer available | - | |
| No longer available | |||
| Jan 16, 2023 | Listed | $239,900 | |
| Listed | |||
| | |||
|
Welcome to 4856 Carnation Circle, located in the highly desirable Magnolia North community in Myrtle Beach, SC. This beautiful 2 bedroom, 2 full bath condo offers the perfect blend of comfort and convenience, making it an ideal choice for a second home, vacation rental property, or your new home in Paradise! The moment you enter the condo, you are greeted by an open and airy floor plan that is perfect for entertaining. The spacious living room boasts plenty of natural light, high vaulted ceilings, and easy access to the private balcony. The kitchen features ample counter space, plenty of cabinets for storage, and a breakfast bar, perfect for casual meals. The master bedroom is a true retreat, with a large window for natural light, high vaulted ceilings, and a private en-suite bath. The second bedroom offers plenty of space for guests or a home office. Additional amenities include a sparkling pool, perfect for relaxing on those hot summer days. The Magnolia North community also offers a great location, close to all the best shopping, dining, and entertainment that Myrtle Beach has to offer. With its prime location, amenities, and potential for income, 4856 Carnation Circle is a smart investment choice. Don't miss out on the opportunity to make it your next home. Schedule a showing today!
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| Aug 27, 2020 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/24/2024
|
2 Bed
|
2 Bath
|
-
|
$254,000
2 Bed
2 Bath
|
-
-
|
Brendan D'Anna
Palmetto Coastal Homes
| |
|
10/17/2023
|
2 Bed
|
2 Bath
|
-
|
$295,900
2 Bed
2 Bath
|
-
-
|
Dan Rahr
Grand Strand Coastal Realty
| |
|
01/16/2023
|
2 Bed
|
2 Bath
|
-
|
$239,900
2 Bed
2 Bath
|
-
-
|
Blake Sloan
Sloan Realty Group
| |
|
05/27/2022
|
1 Bed
|
2 Bath
|
-
|
$189,900
1 Bed
2 Bath
|
-
-
|
Stephanie Riffle
Garden City Realty, Inc
| |
|
10/13/2021
|
2 Bed
|
2 Bath
|
-
|
$199,400
2 Bed
2 Bath
|
-
-
|
Elena Minervini
KingOne Properties
| |
|
11/03/2020
|
1 Bed
|
2 Bath
|
-
|
$110,900
1 Bed
2 Bath
|
-
-
|
-
| |
|
08/13/2020
|
2 Bed
|
2 Bath
|
-
|
$142,500
2 Bed
2 Bath
|
-
-
|
-
| |
|
07/10/2020
|
2 Bed
|
2 Bath
|
-
|
$149,900
2 Bed
2 Bath
|
-
-
|
-
| |
|
01/28/2020
|
2 Bed
|
2 Bath
|
-
|
$139,900
2 Bed
2 Bath
|
-
-
|
-
| |
|
01/21/2020
|
2 Bed
|
2 Bath
|
-
|
$139,900
2 Bed
2 Bath
|
-
-
|
-
| |
|
09/13/2019
|
1 Bed
|
2 Bath
|
-
|
$94,500
1 Bed
2 Bath
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017