4059 Rainbow Dr

Decatur, GA 30034

$139,000
Price
85,377 / 1.96
Lot Size / Acres
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an aerial view of a house

Description

Discover the potential at 4059 Rainbow Dr, Decatur, GA — nearly 2 acres of undeveloped land ready for your vision. Whether you're looking to build a custom estate, develop investment property, or secure land in a growing area, this spacious parcel offers endless possibilities. Conveniently located near shopping, dining, major highways, and just minutes from downtown Decatur and Atlanta, this property combines privacy with accessibility. Utilities nearby (verify with county), making development even...Discover the potential at 4059 Rainbow Dr, Decatur, GA — nearly 2 acres of undeveloped land ready for your vision. Whether you're looking to build a custom estate, develop investment property, or secure land in a growing area, this spacious parcel offers endless possibilities. Conveniently located near shopping, dining, major highways, and just minutes from downtown Decatur and Atlanta, this property combines privacy with accessibility. Utilities nearby (verify with county), making development even more attainable. Don’t miss this rare opportunity to own a sizable piece of land in a rapidly developing area!
  1. Listed by Danielle Kumani • Realty One Group Terminus • 678-787-0289

Property Details for 4059 Rainbow Drive

Subdivision Complex
None
Property Attached
No
Waterfront Features
None
LISTING UPDATED: 03/02/2026 06:00 AM

Property Details for 4059 Rainbow Drive

StatusActive
MLS #7726718
Days on Market36
Taxes$863 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Single Family Residence
Year Built-
Lot Size1.96 AC
CountyDeKalb County
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Location

Listing Courtesy of Realty One Group Terminus, Danielle Kumani
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Building Information for 4059 Rainbow Drive

Building Size-Lot Size1.96 AC

Payment Calculator

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$772 per month

30 year fixed, 6.46% Interest

Principal and Interest

$700

Property Taxes

$72

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 4059 Rainbow Drive

Summary
Location and General Information
  • Community Features: None
  • Directions: GPS
  • Lake Name: None
  • View: Neighborhood
  • Coordinates: -84.225161, 33.706248
Taxes and HOA Information
  • Parcel Number: 15 125 05 016
  • Tax Year: 2025
  • Association: No
  • Tax Legal Description: 123 X 250 X 5 X 466 X 130 X 669 . . . . . . 1.98AC 10-4-04
  • Tax Lot: 0
School Information
  • Elementary School: Rainbow
  • High School: Southwest Dekalb
  • Middle School: Columbia - Dekalb
Interior and Exterior Features
Interior Features
  • Other Equipment: None
  • Timber: Pine
  • Total Half Baths: 0
  • Bathrooms Total Interger: 0
  • Bathrooms Total Decimal: .00
Exterior Features
  • Dock: None
  • Fencing: None
  • Horse Amenities: None
  • Road Surface Type: None
  • Security Features: None
  • Pool Private: No
  • Road Frontage Type: None
  • Other Structures: None
Property
Utilities
  • Utilities: None
Property and Assessments
  • Home Warranty: No
  • Current Use: Residential
Lot Information
  • HabitableResidenceYN: No
  • Lot Features: Rectangular Lot
  • Acreage Source: Public Records
  • Waterfront Footage: 0.0
  • Vegetation: Heavily Wooded
  • Current Zoning: R100
Rental
Rent Information
  • Occupant Types: Vacant

Property History for 4059 Rainbow Drive

DateEvent & SourcePriceAppreciation
Mar 21, 2025

Sold (Public Record)

Public Record #1557084121

$65,000—
DateEvent & SourcePrice
03/21/2025

Sold (Public Record)

Public Record #1557084121

$65,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4059 Rainbow Drive

Taxable ValueLand$19,800Additions-Total$19,800
Tax Record2025$863 ($72 / month)
Home Facts
Beds0Total Finished SqFt2,169 SqFtAbove Grade Finished SqFt2,169 SqFtStories1Lot Size85,378 SqFtStyleResidentialZoningXCountyDEKALBAPN15 125 05 016

Schools near 4059 Rainbow Drive

This home is within Dekalb County School District.
Rating
School
Type
Grades
Distance
Rainbow Elementary School
Public - PK to 5
Chapel Hill Middle School
Public - 6 to 8
Southwest Dekalb High School
Public - 9 to 12
Edward L. Bouie- Sr. Elementary School
Public - PK to 5
Rating
School
Distance
Rainbow Elementary School
PublicPK to 5

Chapel Hill Middle School
Public6 to 8

Southwest Dekalb High School
Public9 to 12

Edward L. Bouie- Sr. Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4059 Rainbow Drive, Decatur, GA 30034

4059 Rainbow Drive is a 1.96 ac of land for sale in Decatur, GA 30034. This property was listed for sale on February 28, 2026 by Realty One Group Terminus, it's currently listed at $139,000. It has been on the market for a total of 36 days and was last sold on March 21, 2025. This listing's school district is Dekalb County School District. Nearby schools include Rainbow Elementary School, Chapel Hill Middle School and Southwest Dekalb High School. 4059 Rainbow Drive is a 0-bed, 0-bath, 1.96 ac of land on a 85,377 sq. ft. / 1.96 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty One Group Terminus, Danielle Kumani

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.