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4800 Williams Island Dr.
Little River, SC 29566
$3,950,000
Conventional
Property
Bedroom
6
Bathroom
7
Property Type
Conventional
Square ft
5672
Property Description
LUXURY AND LIFE ON THE ICW AT IT'S FINEST!! This 6 bedroom executive home is truly a unique find. Located on the point at Paradise Island in Little River with double-lot water frontage on the ICW and over 220 ft along the channel on the right side. The two lots together total over .6 acres!! There are literally views of the water from nearly every room in this house!! Enjoy a private boat dock with 16K lb boat lift, commercial gangplank and 35 foot floating dock with electricity, water and 3 jet ski floats. Take a dip in the 41' x 25' gorgeous waterfront pool and cool off under the gazebo that sits right on the point with incredible views in all directions. A poolside tiki bar provides the perfect place for refreshments and fun. Head inside to the ground level recreation room for some indoor time with a built in bar, dining area, full bath and flex room. Take the elevator up to the main floor where your eyes will be immediately drawn to the incredible architectural features of the home. A 20 ft marble fireplace and incredible custom window with water views take your breath away. A stunning metal sculpture stair railing and wide stone staircase is another focal point of the main living area. Just to the left you'll find a comfortable guest room with fireplace and barrel styled hallway. The spacious master suite makes up the remaining left side of the home and offers stunning views of the ICW as well as a large master bath with garden tub and walk-in stone shower. Just off the master is a space that could be used as an office or den featuring heart of pine paneling and more beautiful views. On the right side of the home, you'll find a lovely formal dining room with a gorgeous chandelier and channel views, as well as a beautiful gourmet kitchen with stainless appliances, granite counter tops, a pantry and a breakfast area. Step outside onto the expansive upper deck that can be accessed from the master bedroom, kitchen or living room and grab your coffee to sit a while and watch the boats go by. You'll also find the laundry room and a half bath on this floor. Take the stairs or the elevator up to the third floor where there are four additional bedrooms, three of which have their own fireplace. Across the custom cat-walk, you'll find two of those bedrooms connected by a lovely jack-n-jill bath, both with beautiful water views. On the other side are two very large bedrooms, one your guests will all love with an on-suite bath and a private balcony overlooking the ICW, and the other with a bath just around the corner, and a balcony overlooking the front yard and channel. Speaking of storage, there is a spacious two car garage, as well as a massive area over 1400 sq ft under the house. Custom blinds throughout the house are both beautiful and practical. This home also features a large generator that will power most if not all of the house. All this, and North Myrtle Beach city limits just across the ICW which means lots of options for beach fun, restaurants, shopping and entertainment within a few minutes' drive. This is an absolute dream home! Be sure to ask your agent for the long list of additional upgrades and updates as well as the website address for the property where you'll find 170 pictures, video, floor plans and 3-D tour. Call for your showing today!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2001
MLS Number
2408265
Location
Address
4800 Williams Island Dr.
City
Little River
State
SC
Zip Code
29566
County
HORRY
Listing
Provider
Real Estate By The Sea, original listing
Name
Real Estate By The Sea
Phone
(252) 452-3083
Office Name
Real Estate By The Sea
Office Phone
(843) 273-4879
Agent Name
The Britt Page Group

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.