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5002 Watergate Dr.

Myrtle Beach, SC 29588
  • $484,900
  • STATUS: Active Under Contract
  • ON SITE: 120 Days
  • MLS #: 2517365
Under Contract
UPDATED: 45 min ago
$484,900
  • 2
    BEDS
  • 0.27
    ACRES
  • 1
    BATHS
  • 1
    1/2 BATHS
  • 1,897
    SQFT
  • $256
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1971
County:

School Information

Elementary School:
Middle School:
High School:

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.

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Coastal Carolina Association of Realtors logo© 2025 Coastal Carolinas Association of REALTORS® MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Jerry Pinkas Real Estate Experts, Inc. The data relating to real estate for sale or lease on this web site comes in part from CCAR. Real estate listings held by brokerage firms other than Jerry Pinkas Real Estate Experts, Inc are marked with the CCAR logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2025-11-14T09:20:45.497.
www.homeguidemyrtlebeach.com/homes/165944489
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5002 Watergate Dr. Myrtle Beach, SC 29588

  • Price: $484,900
  • Status: Active Under Contract
  • On Site: 120 Days
  • Updated: 45 min ago
  • MLS #: 2517365
2
Beds
1
Baths
1
½ Baths
0.27
Acres
1,897
SQFT
$256
$/SQFT
1971
Built
Neighborhood:
Watergate
County:
Horry
Area:
19A Myrtle Beach Area--Socastee
Elementary School:
Socastee Elementary School
Middle School:
Forestbrook Middle School
High School:
Socastee High School
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.
Exterior Features

Architectural Style Ranch Construction Materials Vinyl Siding Exterior Features Fence Patio Foundation Details Slab Garage YN Yes Lot Features Corner Lot Outside City Limits Parking Features Attached One Space Boat Garage RV Access / Parking Parking Total 10 Patio And Porch Features Front Porch Patio Property Attached YN No

Interior Features

Appliances Microwave Range Refrigerator Cooling Wall / Window Unit(s) Cooling YN Yes Flooring Laminate Tile Furnished Unfurnished Heating Electric Heating YN Yes Interior Features Attic Pull Down Attic Stairs Permanent Attic Stairs Bedroom on Main Level Stainless Steel Appliances Solid Surface Counters Workshop Laundry Features Washer Hookup Levels One and One Half One Rooms Primary Bathroom (Separate Shower) Living Room Kitchen (PantryStainless Steel AppliancesSolid Surface Counters) Primary Bedroom (First Level Main Level Master) Other (Bedroom on Main LevelUtility RoomWorkshop) Bedroom 1 (First Level)

Property Features

Association Amenities Owner Allowed Golf Cart Owner Allowed Motorcycle Pet Restrictions Tenant Allowed Golf Cart Tenant Allowed Motorcycle Association Fee 0 Association Fee Frequency Monthly Association YN No Community Features Golf Carts OK Long Term Rental Allowed Short Term Rental Allowed Home Warranty YN Yes Lease Considered YN No Listing Terms Cash Conventional Portfolio Loan Location Outside City Limits Pets Allowed Owner Only Yes Property Condition Resale Property Sub Type Detached Property Sub Type Additional Detached Security Features Smoke Detector(s) Special Listing Conditions None Utilities Cable Available Electricity Available Phone Available Sewer Available Water Available Water Source Public Zoning RE 1

Coastal Carolina Association of Realtors logo Listing information © 2025 Coastal Carolinas Association of REALTORS® MLS. Listing provided by CB Sea Coast Advantage MI:Office: 843-650-0998.


Coastal Carolina Association of Realtors logo© 2025 Coastal Carolinas Association of REALTORS® MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Jerry Pinkas Real Estate Experts, Inc. The data relating to real estate for sale or lease on this web site comes in part from CCAR. Real estate listings held by brokerage firms other than Jerry Pinkas Real Estate Experts, Inc are marked with the CCAR logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2025-11-14T09:20:45.497.
 
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604 N 27th Ave
Myrtle Beach SC, 29579