4059 Rainbow Drive, Decatur, GA 30034 - Photo 1

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$139,000 Just Listed

For Sale
Active
Land Residential
1.96 Acres
Updated 1 day ago

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Property 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 more attainable. Don't miss this rare opportunity to own a sizable piece of land in a rapidly developing area!

Full Property Details

Full Property Details for 4059 Rainbow Dr

General

Price: $139,000
Taxes: $863 (2025)
Status: Active
Type: Land Residential
Source: FMLS_Atlanta
MLS ID: 7726718
Updated: 3/1/2026
Added to Site: 2 day(s) ago

Additional Information

Amenities: None
Security/Safety: None
Equipment: None

Location

County: Dekalb
Subdivision: None
Driving Directions: GPS

School Information

Elementary School: Rainbow
Middle School: Columbia - Dekalb
High School: Southwest Dekalb

Utilities

Utility Description: None

Structural Information

Detached/Attached: Detached
Current Bldg. Use: Residential

Additional Structures

Other Structures: None

Lot Features

Property View: Neighborhood
Lot Size (Acres): 1.96
Lot Size Source: Public Records
Lot Dimensions: x
Frontage: None
Street/Road Desc.: None
Lot Features: Rectangular Lot
Trees/Vegetation: Heavily Wooded
Zoning: R100
Fencing (Description): None

Water Features

Docks: None

Financial Considerations

Price Per Acre: $70,918.37
Tax Amount: $863
Tax Year: 2025

Disclosures and Reports

Restrictions: None
Property ID: 15 125 05 016

Listed by Realty One Group Terminus

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2026 First Multiple Listing Service, Inc. Last Updated Mar 2 2026 11:32AM

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Schools

Schools serving 4059 Rainbow Dr

School District:Dekalb County School District

Name	Grades	Distance
Rainbow Elementary School 2801 Kelley Chapel Road, Decatur, GA 30034	PK-5	0.1 mi
Chapel Hill Middle School, Decatur, GA 3535 Dogwood Farm Road, Decatur, GA 30034	6-8	1.9 mi
Southwest Dekalb High School 2863 Kelley Chapel Road, Decatur, GA 30034	9-12	0.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4059 Rainbow Dr Get Price Alerts and Save Property

Date

Details

Price

Change

Source

2/28/2026

Listed

$139,000

113.85%

MLS

3/21/2025

Sold

$65,000

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 4059 Rainbow Dr

Year

Property Taxes

Change

Tax Assessment

Change

2025

$863

—

$19,800

—

2024

$865

—

$19,800

—

2023

$867

62%

$19,800

62%

2022

$535

—

$12,200

—

2021

$535

—

$12,200

—

2019

$535

-3%

$12,200

—

2017

$551

2%

$12,200

—

2016

$539

198%

$12,200

—

2014

$181

—

$12,200

205%

2014

$181

—

$4,000

—

2013

$181

—

$4,000

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Estimate the Cost for 4059 Rainbow Dr

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Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2026 First Multiple Listing Service, Inc. Last Updated Mar 2 2026 11:32AM

4059 Rainbow Drive, Decatur, GA 30034 (MLS# 7726718) is a Land Residential property with a lot size of 1.96 acres. 4059 Rainbow Drive is currently listed for $139,000 and was received on February 28, 2026. Want to learn more about 4059 Rainbow Drive? Do you have questions about finding other Land Residential real estate for sale in Decatur? You can browse all Decatur real estate or contact a Coldwell Banker agent to request more information.

4059 Rainbow Dr Decatur, GA 30034