Unit PH 1515 sits at the top of Ocean Reef Resort's North Tower, with the ocean visible from the main room and two separate outdoor spaces. The furnished studio layout keeps the kitchen, dining, sleeping and sitting areas together in a compact 579 heated square feet.
The condo is offered at $227,000. The MLS packet supplied on August 18, 2026 identifies it as active. Buyers should confirm current price and availability in Paragon and through the live IDX page before making plans.
A renovated studio with an ocean-facing layout
The MLS describes the unit as completely renovated through the resort's Uplift program. A kitchenette lines one side of the room, while the furnished sleeping, dining and sitting areas share the ocean view. The seller disclosure reports that the individual heating and cooling unit was replaced in 2025.
Two balconies and a penthouse-level view
One balcony faces directly toward the Atlantic, and a second balcony provides a side ocean view. The two openings bring daylight and multiple sight lines into the studio. Buyers should verify balcony condition, access and any association maintenance responsibilities during due diligence.
Ocean Reef amenities and rental use
The MLS identifies indoor and outdoor pools, a lazy river, clubhouse and recreation facilities, elevators and parking-deck access. Association rules state that certain commercial operations and services may be limited to guests renting through the on-site company. Buyers planning to self-manage or use an off-site manager should review those rules carefully.
Short- and long-term rentals are reported as allowed, and the MLS says the unit participates in the on-site rental program and is subject to the South Carolina Vacation Rental Act. Guest occupancy may affect showing access. Obtain the management agreement, future reservation calendar and written transfer or termination terms before relying on rental use.
HOA, Uplift program and insurance details
The MLS reports $1,209 per month in HOA charges. Reported inclusions include common electricity, electricity in the unit, water and sewer, trash pickup, elevator and pool service, landscaping, association insurance, management, recreation facilities, cable, common maintenance and pest control. A separate 2026 North Tower budget lists studio dues of $937.46, so buyers should obtain a current unit-specific statement that reconciles the figures and confirms every inclusion.
The seller is reported to be paying the remaining Uplift program balance in full at closing. MLS agent remarks also describe a $254 monthly credit toward rental revenue for the remaining program term, stated as 70 months in August 2026. Because this is an unusual arrangement, buyers should obtain the loan, payoff, credit and rental-program documents in writing and have them reviewed before assigning value to the credit.
The supplied master HO-6 certificate references a $40,000 per-unit, per-loss program deductible and limited flood coverage. Association rules also require owners to maintain HO-6 liability and contents coverage when not supplied by the HOA. Coverage, deductibles, loss-assessment exposure and unit-owner requirements should be confirmed directly with the association and an insurance professional.
Flood-zone and past-tax information
The August 18, 2026 CRS report maps the property partly in FEMA zone AE, a special flood hazard area, with a reported base flood elevation of 11 feet, and partly in the 0.2% annual-chance area. The referenced map is panel 45051C0727K, effective December 16, 2021. The seller disclosure reports no known flood hazards, flood-insurance claims, uninsured flood repairs or federal flood assistance during the sellers' ownership. Those statements do not remove flood or storm exposure; buyers should verify the unit and building's current map status, elevation information, lender requirements and insurance costs.
CRS reports total property taxes of $2,810.79 for 2025, $2,810.79 for 2024 and $2,622.72 for 2023. It also reports a 2025 tax appraisal of $220,000. Historical taxes are not a forecast, and a sale may change classification, exemptions and future bills.
Things Buyers Should Know
- MLS 2620326 was active at $227,000 when reviewed on August 18, 2026.
- The MLS reports 579 heated square feet and 700 total square feet; buyers should independently verify measurements.
- The reported HOA charge is $1,209 monthly, while the supplied budget shows a lower generic studio figure. Obtain a current unit ledger and written fee statement.
- The seller is reported to pay the Uplift balance at closing. The separate $254 monthly rental-credit claim requires written verification.
- The MLS reports $41,000 in gross annual rental income. This is historical seller/MLS-reported information, not a projection or guarantee.
- The unit is in an on-site rental program and subject to the South Carolina Vacation Rental Act; review contracts and reservations.
- Owners may have pets under the supplied rules, while renter access and other restrictions require current HOA verification.
- Association rules restrict smoking, balcony use and access to certain commercial services for off-site rentals.
- Flood mapping, master insurance, HO-6 requirements and deductible exposure require independent review.
- The signed conveyance form says the unit comes furnished as shown in the MLS; the final contract controls.
Frequently Asked Questions
Is this unit directly oceanfront?
Yes. The MLS identifies both the building and unit as oceanfront. One balcony faces the Atlantic directly and a second offers a side ocean view.
Is this a one-bedroom condo?
No. The MLS classifies PH 1515 as an efficiency or studio with one full bathroom.
How much is the HOA?
The MLS reports $1,209 per month. The supplied budget shows a different generic studio amount, so buyers should obtain a current unit-specific fee statement and assessment information.
Are rentals allowed?
The MLS reports both short- and long-term rentals are allowed. The unit is in the on-site program and subject to the South Carolina Vacation Rental Act; all contracts and reservations should be reviewed.
What flood zone is reported?
The supplied CRS report shows portions of the parcel in FEMA zone AE and the 0.2% annual-chance area. Buyers should verify the building and unit's current status with FEMA, the lender and insurers.
What were the recent property taxes?
CRS reports $2,810.79 for 2025, $2,810.79 for 2024 and $2,622.72 for 2023. Historical amounts do not predict the buyer's future bill.