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510 Fairwood Lakes #N16, Myrtle Beach, SC, 29588

1beds
1baths
720sqft
$116,000
$161price/sqft
$889/moest. monthly cost
$35,560/yrincome needed

About This Home

Welcome to 510 Fairwood Lakes Dr Unit 16N, a charming condo nestled in a peaceful lakefront community in the heart of Myrtle Beach. This inviting property offers the perfect blend of comfort, convenience, and coastal living—making it an excellent choice for a primary residence, vacation getaway, or investment opportunity. Inside, you’ll find a bright and welcoming living space designed for easy living and relaxation. The open living and dining area provides plenty of room to unwind or entertain, while large windows bring in natural light, creating a warm and airy feel throughout the home. Step outside onto your private balcony and enjoy peaceful views overlooking the community pond—an ideal spot to sip your morning coffee, read a book, or relax after a day at the beach. The tranquil water view adds a special touch to the home and enhances the serene atmosphere of the Fairwood Lakes community. Residents also enjoy access to a beautiful inground community pool, perfect for cooling off during the warm South Carolina summers or spending time with friends and neighbors. Location is another standout feature. Situated in the desirable Socastee area, you’ll be just a short drive from the sandy shores of the Atlantic Ocean, as well as popular attractions like The Market Common, Broadway at the Beach, and the Myrtle Beach Boardwalk. Shopping, dining, golf courses, and entertainment are all within easy reach, making it easy to enjoy everything the Grand Strand has to offer. Whether you're looking for a relaxing coastal retreat or a smart investment in one of South Carolina’s most sought-after beach destinations, 510 Fairwood Lakes Dr Unit 16N offers comfort, charm, and a fantastic location all in one.

Getting Around

9
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

5/10
6/10
St. James Middle SchoolGrades 6-82.0 mi
8/10
St. James High SchoolGrades 9-122.1 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1988

Materials

  • Foundation: Slab
  • Construction materials: Wood Frame

Type & Style

  • Home type: Townhouse
  • Architectural style: Low Rise
  • Property subType: Townhouse,Condominium

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Microwave,Oven,Range,Refrigerator

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Air Filtration,Ceiling Fan(s),Tub Shower,Vanity,Window Treatments,Bedroom on Main Level
  • Door features: Insulated Doors,Storm Door(s)
  • Window features: Storm Window(s)
  • Flooring: Carpet,Wood

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 720
  • Total interior livable area: 720 sqft

Property

Details

  • Parcel number: 45013030185
  • Zoning: mf
  • Special condition: None

Features

  • Private pool: Yes
  • Pool features: Community,In Ground,Outdoor Pool
  • Patio & porch: Balcony
  • Exterior features: Balcony,Other,Pool
  • Has view: Yes
  • View description: Lake,Pond
  • Has water view: Yes
  • Water view: Lake,Pond
  • On waterfront: Yes
  • Waterfront features: Pond

Lot

  • Features: Lake Front,Pond on Lot

Parking

  • Parking features: Parking Lot

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Hurricane
Lightning
Tornado
Winter Weather
Coastal Flooding
Cold Wave
Earthquake
Heat Wave
Inland Flooding
Ice Storm

FEMA Declared Disasters in Horry County and South Carolina

Fire
Flood
Hurricane
Mud Landslide
Severe Storm
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $586$7,032
Home Insurance *$63$756
Property Taxes $36$432
Electricity $204$2,449
Total$889$10,668
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$30,480/yr
40% on housing$26,670/yr
45% on housing$23,706/yr

South Carolina FAIR Plan Programs

South Carolina Wind and Hail Underwriting Association

Covered
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: 4.2%
4.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$161This listing

vs Other Active Listings

Avg $/sqft

ZIP 29588$139
Horry County$183

vs Homes Sold Last Month

Median $/sqft

ZIP 29588$194
Horry County$194

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-06Listed for sale$119,000

For Sale by Agent

AgentBlake Sloan
BrokerageSloan Realty Group

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