Homes For Sale Over $1,000,000
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Above a million, square footage stops setting the price. The land does.
The luxury market in the Myrtle Beach area runs from just over a million to nearly seven. Across that whole range the house itself is rarely what separates one listing from the next. What separates them is the water in front of it, the size of the lot under it, and whether it was built to order.
What Over $1,000,000 Buys in Myrtle Beach
These are the kinds of properties that list above a million, from Little River in the north down to Pawleys Island. They show the spread rather than setting a price for any particular home.
- Just over a million Homes on golf course frontage at Barefoot Resort, lake front lots with private docks, and 3,500 to 4,900 square feet in gated communities such as Cypress River Plantation and The Bluffs on the Waterway in Carolina Forest.
- Waterway acreage More than an acre on the Intracoastal Waterway with a boat ramp and private docks, and no association at all.
- Build to order New homes underway in waterway communities, and to-be-built homes where the buyer chooses the plan. At this level a build is a normal path rather than an exception.
- Grande Dunes Waterway frontage with a private dock in Bal Harbor, inside the double gated section of Grande Dunes.
- Custom on close to an acre A just completed custom home on nearly an acre in Dunes Cove with no association, and a home in Long Bay Extension, the only Myrtle Beach neighborhood east of Ocean Boulevard.
- Oceanfront estates At the very top, half an acre of oceanfront in the Dunes with seven bedrooms, a commercial grade elevator, a heated pool and spa, and a private boardwalk through the dunes to the high tide line. Residential only zoning means no high rise next door.
Inventory changes daily and prices move with the market, so call me for what is available now.
What Actually Sets the Price Above a Million
Buyers coming up from the ranges below expect the houses to keep getting bigger. They do not, at least not proportionally. A home at just over a million can measure nearly 5,000 square feet, while the most expensive home on the market measures 5,499 heated. The price between them is a factor of seven.
The Water
Ocean front, waterway front with a dock, or a lake with a private dock. Frontage is the single largest driver at this level.
The Land
Half an acre to more than an acre, and often no association at all, which is unusual anywhere else on the ladder.
The Build
Custom and just completed homes, elevators, whole home systems, and in some cases a turnkey furnished sale.
This is why price per square foot is close to meaningless above a million here. Two homes of similar size can sit five million dollars apart because one faces the Atlantic and the other faces a fairway.
Fees, Gates and No Association at All
The pattern above a million surprises people. Several of the most expensive properties carry no association fee whatsoever, because they sit on their own land rather than inside a community.
Where there is a fee, it buys something specific: a guard gate, a golf membership structure, an ocean club, or the maintenance of a waterway community's docks and common areas. Grande Dunes is the clearest example, where every owner has the Ocean Club and the neighborhoods over the bridge sit behind two gates.
So the monthly number tells you less here than it does lower down. What matters more is what conveys with the property: the dock, the boat ramp, the furnishings, the membership, and whether the land is owned outright.
Let Me Be Your Guide
I am a Certified Luxury Home Marketing Specialist, and this is the part of the market I work in most closely. Above a million the listing sheet tells you the least it ever tells you, and what conveys with the property tells you the most.
Properties at this level also sell differently. Some never reach the open market, and the ones that do often sit longer than buyers expect, which changes what a well prepared offer can do.
For more information about Myrtle Beach luxury homes for sale over $1,000,000 or to schedule a showing please call or text Ashley DeLong, REALTOR® at (843) 685-3191 today!
Looking at a different budget? Every price range is listed on my Myrtle Beach homes for sale by price page.
Frequently Asked Questions
What can you buy for over $1,000,000 in Myrtle Beach?
Just over a million buys golf course frontage at Barefoot Resort, lake front homes with private docks, or 3,500 to 4,900 square feet in a gated community. Higher up it buys waterway acreage with a boat ramp, custom homes on close to an acre, Grande Dunes waterway frontage with a private dock, and at the top, oceanfront estates.
How high does the Myrtle Beach housing market go?
Past $6.9 million. The top of the market is oceanfront, where half an acre on the ocean with seven bedrooms, a commercial grade elevator, a heated pool and spa and a private boardwalk to the beach has listed just under $7 million.
Why do homes of similar size cost so differently above a million?
Because frontage sets the price at this level rather than square footage. A home at just over a million can measure nearly 5,000 square feet while the most expensive home on the market measures about 5,500 heated. One faces the Atlantic and the other faces a fairway, and that is the difference.
Can you buy oceanfront in Myrtle Beach?
Yes, and it sits at the top of the market. Oceanfront estates in the Dunes section list in the millions, in a residential only zoning area where no high rise can be built next door. Waterway front with a private dock is the other form of water frontage at this level.
Do luxury homes in Myrtle Beach have HOA fees?
Often not. Several of the most expensive properties carry no association at all because they sit on their own land rather than inside a community. Where there is a fee it buys something specific, such as a guard gate, an ocean club or the maintenance of a waterway community's docks.
Can you build a custom home in this price range?
Yes, and it is a normal path rather than an exception above a million. Recent listings have included to-be-built homes where the buyer chooses the plan, homes under construction in waterway communities, and just completed custom homes on close to an acre.
Let's work together.
Shopping above $1,000,000? Ashley DeLong can tell you what conveys with each property and which ones never reach the open market.
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