For Sale: Prime Land Opportunity - 4059 Rainbow Dr, Decatur, GA Seize the chance to own nearly 2 acres of undeveloped land in a thriving location! This spacious parcel at 4059 Rainbow Dr is the perfect canvas for your vision ideal for building a custom estate, developing investment property, or securing land in a growing community. Enjoy privacy and accessibility with a location close to shopping, dining, major highways, and just minutes from both downtown Decatur and Atlanta. Utilities are available nearby (please verify with county), making this property even more attractive for development. Don't miss out on this rare opportunity to invest in a substantial piece of land in a rapidly developing area!
Active
$99,900
4059 Rainbow Dr, Decatur, GA 30034
--beds
--baths
1.96Acres
Residential Lot
Built in ----
1.96 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Spacious parcel
- 4 days
- 39
- 2
Zillow last checked:
Listing updated:
Listed by:
Kevin Dierkes 404-805-3445,
SMG Realty
Source: GAMLS,MLS#: 10844478
Facts & features
Property
Features
- Body of water: None
Lot
- Size: 1.96 Acres
- Features: Level
Details
- Additional structures: None
- Parcel number: 15 125 05 016
- Special conditions: As Is,Investor Owned,No Disclosure
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Park, Playground, Walk To Schools, Near Shopping
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Decatur
Financial & listing details
- Tax assessed value: $49,500
- Annual tax amount: $863
- Date on market: 9/11/2026
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Listed for sale | $99,900-28.1% |
Source:  GAMLS #10844478 Report a problem | ||
| 7/8/2026 | Listing removed | $139,000 |
Source: GAMLS #10700467 Report a problem | ||
| 2/28/2026 | Listed for sale | $139,000+113.8% |
Source:  FMLS GA #7726718 Report a problem | ||
| 3/21/2025 | Sold | $65,000 |
Source: GAMLS #10431770 Report a problem | ||
| 3/4/2025 | Pending sale | $65,000 |
Source: GAMLS #10431770 Report a problem | ||
| 12/30/2024 | Listed for sale | $65,000-76.4% |
Source: GAMLS #10431770 Report a problem | ||
| 11/1/2024 | Listing removed | $275,000 |
Source: FMLS GA #7379289 Report a problem | ||
| 6/17/2024 | Listed for sale | $275,000 |
Source: GAMLS #10290756 Report a problem | ||
| 5/26/2024 | Pending sale | $275,000 |
Source: GAMLS #10290756 Report a problem | ||
| 5/1/2024 | Listed for sale | $275,000 |
Source: FMLS GA #7379289 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $863 -0.2% | $19,800 |
| 2024 | $865 -0.2% | $19,800 |
| 2023 | $867 +61.9% | $19,800 +62.3% |
| 2022 | $535 | $12,200 |
| 2021 | $535 | $12,200 |
| 2020 | $535 0% | $12,200 |
| 2019 | $535 -2.7% | $12,200 |
| 2018 | $550 -0.2% | $12,200 |
| 2017 | $551 +2.3% | $12,200 |
| 2016 | $539 | $12,200 +205% |
| 2014 | $539 | $4,000 |
| 2013 | -- | $4,000 |
| 2012 | -- | $4,000 -16.7% |
| 2011 | -- | $4,800 -39.4% |
| 2010 | $318 -2.4% | $7,920 |
| 2009 | $325 +2% | $7,920 |
| 2008 | $319 | $7,920 |
| 2007 | $319 +2.5% | $7,920 |
| 2006 | $311 -1% | $7,920 |
| 2005 | $314 -3.9% | $7,920 -3.9% |
| 2004 | $327 +2.2% | $8,240 |
| 2003 | $320 +2.6% | $8,240 |
| 2002 | $312 +1.5% | $8,240 |
| 2001 | $307 | $8,240 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 30034
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