5506 Elba Way
Myrtle Beach, SC 29579
3 bd 3 ba 1,968 sqft Built 2016 condos
Most recent sale
$367,500
Apr 29, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 29, 2024 | Sold | $367,500 | CoastalCarolinas |
| Mar 18, 2024 | Listed | $379,900 | CoastalCarolinas |
| Aug 18, 2018 | Listing removed | — | CoastalCarolinas |
| Aug 17, 2018 | Listing removed | $249,900 | CoastalCarolinas |
| Aug 16, 2018 | Sold | $249,900 | Public Record |
| Jun 20, 2018 | Listed | $249,900 | CoastalCarolinas |
| Oct 14, 2016 | Listing removed | $218,500 | CoastalCarolinas |
| Oct 13, 2016 | Listing removed | $223,500 | CoastalCarolinas |
| Oct 12, 2016 | Sold | $223,500 | Public Record |
| Sep 21, 2016 | Listed | $223,500 | CoastalCarolinas |
| Feb 15, 2016 | Listed | $218,500 | CoastalCarolinas |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $247,696 | $90,000 | $337,696 | $4,161 |
| 2021 | $173,700 | $42,800 | $216,500 | $2,852 |
| 2020 | $173,700 | $42,800 | $216,500 | $2,708 |
| 2019 | $173,700 | $42,800 | $216,500 | $2,708 |
Property facts
Year built
2016
Property type
condos
Stories
2
Beds
3
Baths
3
Living area
1,968 sqft
Lot size
—
ZIP code
29579
City
Myrtle Beach
Street
Elba Way
Coordinates
33.72920, -78.96306
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,952
Gross rental yield
9.64%
Implied cap rate
6.27%
Trend-extrapolated value
—
Frequently asked questions
When did 5506 Elba Way last sell?
5506 Elba Way most recently sold on Apr 29, 2024 for $367,500.
What is the current tax assessment for 5506 Elba Way?
The most recent total assessment for 5506 Elba Way (year 2025) is $337,696 with $4,161 in property tax.
How does 5506 Elba Way's assessment compare to its last sale price?
The current assessment is 8.1% below the last sale price of $367,500.
When was 5506 Elba Way built?
5506 Elba Way was built in 2016.
How does 5506 Elba Way compare to others on Elba Way?
We track 4 other properties on Elba Way. Browse the list under "Other properties on Elba Way" to compare beds, baths, and sale history.
What are the property facts for 5506 Elba Way?
5506 Elba Way is a 3 bed, 3 bath, 1,968 sqft condos.
Is 5506 Elba Way a flip candidate?
No — 5506 Elba Way does not appear in our flips dataset.
Is 5506 Elba Way a tax-appeal candidate?
No — 5506 Elba Way is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-4.6%
Implied 1-yr
-18.5%
2026 Q3
$368.4K
2026 Q4
$344.1K
ZIP 29579 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Elba Way