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700 Mitchell Dr., Myrtle Beach
Photo 1 of 18

$1,900,000

Reduced from $2,500,000

Price reduced No HOA
Home type
Apartment
Beds
Not reported
Baths
Not reported
Sq ft
9,208
Year built
1960
Garage
Not reported
HOA
$0

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Nearby homes

Nearest active homes by reported MLS coordinates · within about 4 mi

About this home

LOCATION, LOCATION, LOCATION! This unique compound features four buildings situated in the highest-density zoning available—MUH—spanning 0.66 acres. The property includes 21 total units, made up of 16 efficiencies and 5 two-bedroom apartments, offering excellent flexibility for both short-term and long-term rental opportunities. Perfectly positioned between Ocean Blvd and Highway 17 Business, it's just a short stroll to the beach, restaurants, and shopping. Whether you're looking for immediate rental income or future redevelopment potential, this location checks every box.

Key highlights

  • LOCATION, LOCATION, LOCATION!
  • This unique compound features four buildings situated in the highest-density zoning available—MUH—spanning 0.66 acres.
  • The property includes 21 total units, made up of 16 efficiencies and 5 two-bedroom apartments, offering excellent flexibility for both short-term and long-term rental opportunities.

More property details

Interior

Units
21

Exterior & construction

Zoning
APARTMENTS

HOA & community

Amenities Available

  • Short Term Rental Allowed
  • Long Term Rental Allowed

Schools

Elementary
Myrtle Beach Elementary School
Middle
Myrtle Beach Middle School
High
Myrtle Beach High School

Price history

Current asking price
$1,900,000
Original list price
$2,500,000
Listed
Apr 15, 2025
Last price change
Sep 8, 2026

Location and local market

Map, nearby homes, and current market facts.

Myrtle Beach areaExplore Myrtle Beach

Nearby active homes — this home + 12 nearby for sale

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Estimated monthly payment

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Down payment
20% · $380,000

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Estimated total monthly

$10,953/mo

$9,607 principal & interest · $1,346 taxes & insurance

20% · $380,000

Loan amount $1,520,000. Estimate only — taxes, insurance, and HOA are approximate. Not a lending quote.

Listing information

Listed with Own Myrtle Real Estate. MLS #2509474. Data source: Coastal Carolinas MLS. Information is deemed reliable but not guaranteed.